Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$204M in Q2 2013 → $944M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Bruker Corp | 4.3% | Added 4.1% | 667,103 | $40.1M |
| OI Oceaneering Intl Inc | 3.0% | Trimmed 0.5% | 693,549 | $28.1M |
| TN Tidewater Inc New | 2.8% | Trimmed 4.0% | 393,788 | $26.2M |
| Lockheed Martin Corp | 2.6% | Trimmed 1.7% | 48,441 | $24.7M |
| Illumina Inc | 2.4% | Added 446% | 127,804 | $22.5M |
| SE Suncor Energy Inc New | 2.4% | Added 1.2% | 418,292 | $22.5M |
| SL Slb Limited | 2.4% | Trimmed 2.5% | 479,478 | $22.3M |
| CN Canadian Nat Res Ltd Med Ter | 2.3% | Trimmed 2.2% | 556,966 | $22M |
| AH Asml Hldg Nv | 2.3% | Trimmed 12% | 11,000 | $21.9M |
| TM Trilogy Metals Inc New | 2.3% | Added 30% | 6,092,657 | $21.4M |
| Skyworks Solutions Inc | 2.1% | Added 89% | 295,073 | $20M |
| Cameco Corp | 2.1% | Trimmed 0.2% | 193,664 | $19.7M |
| Nexgen Energy Ltd | 2.0% | Added 4.8% | 2,035,633 | $19.1M |
| Antero Resources Corporation | 2.0% | Trimmed 18% | 533,355 | $18.7M |
| N Nokia Corp | 1.9% | Trimmed 12% | 1,359,833 | $18.1M |
| Core Natural Resources Inc | 1.9% | Trimmed 25% | 219,914 | $17.6M |
| Axcelis Technologies Inc | 1.8% | Added 113% | 90,334 | $17.1M |
| Nutrien Ltd | 1.7% | Trimmed 34% | 259,047 | $16.3M |
| AP Air Products And Chemicals I | 1.7% | Trimmed 33% | 55,058 | $16.1M |
| Expand Energy Corporation | 1.7% | New | 174,743 | $15.9M |
| Eqt Corp | 1.7% | New | 297,454 | $15.8M |
| Boeing Co | 1.6% | Added 48% | 69,454 | $15M |
| Bunge Global Sa | 1.5% | Added 1.6% | 135,751 | $14.5M |
| UP Union Pac Corp | 1.5% | Added 43% | 52,870 | $14.4M |
| Rio Tinto PLC | 1.5% | Added 23% | 145,736 | $13.8M |
| Ferroglobe PLC | 1.4% | Added 7.0% | 4,201,296 | $13.4M |
| Fluor Corp | 1.4% | Added 698% | 254,781 | $13.3M |
| Freeport Mcmoran Inc | 1.4% | Added 37% | 209,137 | $13.2M |
| Range Resources Corp | 1.4% | Trimmed 35% | 344,829 | $12.8M |
| Albemarle Corp | 1.3% | Added 7.0% | 94,373 | $12.7M |
| Ge Vernova Inc | 1.3% | Unchanged | 10,815 | $12.7M |
| CI Cf Industries Hold | 1.3% | Trimmed 31% | 115,640 | $12.5M |
| Alcoa Corp | 1.3% | Added 6.8% | 236,718 | $12.3M |
| Northrop Grumman Corp | 1.3% | Trimmed 12% | 24,203 | $12.3M |
| BH Berkshire Hathaway Inc Del | 1.2% | Added 4.6% | 22,326 | $11.2M |
| Iperionx Ltd | 1.1% | Added 3141% | 345,185 | $10.3M |
| Vertiv Holdings Co | 1.1% | Added 5.6% | 30,458 | $10.2M |
| Alamos Gold Inc | 1.1% | Added 4.2% | 335,867 | $10.2M |
| Agnico Eagle Mines Ltd | 1.1% | Added 8.5% | 64,372 | $9.99M |
| AM Alpha Metallurgical Resour I | 1.1% | Added 65% | 60,213 | $9.93M |
| Ipg Photonics Corp | 1.0% | Added 118% | 81,189 | $9.53M |
| GO Globalfoundries Inc Ordinary S | 1.0% | Trimmed 25% | 113,860 | $9.38M |
| Noble Corp PLC | 0.8% | Added 1.8% | 215,153 | $8.03M |
| DH Dow Hldgs Inc | 0.8% | Added 14% | 280,847 | $7.68M |
| Navitas Semiconductor Corp | 0.8% | Added 622% | 427,322 | $7.66M |
| Chemours Co | 0.8% | Added 9.8% | 348,549 | $7.15M |
| WI Weatherford Intl PLC | 0.7% | Added 2.0% | 84,547 | $6.89M |
| LI Lyondellbasell Industries Nv | 0.7% | Unchanged | 127,282 | $6.7M |
| AM Applied Matls Inc | 0.7% | Unchanged | 9,200 | $6.65M |
| Olin Corp | 0.7% | Added 68% | 323,869 | $6.42M |
| Pbf Energy Inc | 0.7% | Unchanged | 140,690 | $6.4M |
| FM Ford Mtr Co | 0.7% | Added 1929% | 459,863 | $6.39M |
| East West Bancorp Inc | 0.7% | Unchanged | 47,795 | $6.17M |
| AI Almonty Inds Inc | 0.6% | Unchanged | 356,146 | $5.9M |
| CN Cleveland-cliffs Inc New | 0.6% | New | 616,022 | $5.78M |
| Csx Corp | 0.6% | Added 13% | 118,908 | $5.65M |
| CD Celanese Corp Del | 0.6% | Added 32% | 122,485 | $5.63M |
| PB Petroleo Brasileiro S A | 0.6% | Unchanged | 341,645 | $5.52M |
| CN Canadian Natl Ry Co | 0.6% | Added 13% | 46,220 | $5.51M |
| Tmc The Metals Co Inc. | 0.6% | Unchanged | 1,204,038 | $5.33M |
Showing top 60 of 124 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VF Virtu Finl Inc | Trimmed | −385,725 | −$23M | — |
| Illumina Inc | Added | +104,416 | +$18.4M | 2.4% |
| Expand Energy Corporation | New | +174,743 | +$15.9M | 1.7% |
| Eqt Corp | New | +297,454 | +$15.8M | 1.7% |
| Fluor Corp | Added | +222,842 | +$11.7M | 1.4% |
| Viper Energy Inc | Exited | −231,780 | −$10.9M | — |
| Iperionx Ltd | Added | +334,533 | +$9.95M | 1.1% |
| Skyworks Solutions Inc | Added | +139,204 | +$9.44M | 2.1% |
| Axcelis Technologies Inc | Added | +47,853 | +$9.07M | 1.8% |
| Nutrien Ltd | Trimmed | −131,301 | −$8.27M | 1.7% |
Showing the 10 largest of 107 changes.
quarter ended March 31, 2026 · filed May 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Nutrien Ltd | New | +390,348 | +$29.5M | 3.2% |
| TN Tidewater Inc New | Added | +331,307 | +$27.7M | 3.7% |
| Antero Resources Corporation | New | +648,322 | +$27.5M | 3.0% |
| Range Resources Corp | New | +527,318 | +$23.8M | 2.6% |
| AP Air Products And Chemicals I | New | +81,929 | +$23.8M | 2.6% |
| SL Slb Limited | Added | +439,090 | +$22.6M | 2.7% |
| CI Cf Industries Hold | New | +168,515 | +$21.9M | 2.4% |
| Core Natural Resources Inc | Added | +180,418 | +$18.9M | 3.3% |
| SE Suncor Energy Inc New | Added | +280,174 | +$18.5M | 3.0% |
| Northrop Grumman Corp | Added | +25,759 | +$17.6M | 2.0% |
Showing the 10 largest of 107 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TM Trilogy Metals Inc New | Trimmed | −7,486,465 | −$32.3M | 3.6% |
| Albemarle Corp | Added | +83,206 | +$11.8M | 3.5% |
| Alcoa Corp | Added | +210,713 | +$11.2M | 2.2% |
| Calavo Growers Inc | Exited | −434,966 | −$11.2M | — |
| CN Canadian Nat Res Ltd | Added | +259,805 | +$8.79M | 4.6% |
| OI Oceaneering Intl Inc | Added | +305,168 | +$7.33M | 2.3% |
| Lockheed Martin Corp | Added | +14,861 | +$7.19M | 4.6% |
| Antero Resources Corp | New | +203,985 | +$7.03M | 1.3% |
| Builders Firstsource Inc | Added | +59,716 | +$6.14M | 2.3% |
| N Nokia Corp | Added | +853,366 | +$5.52M | 1.8% |
Showing the 10 largest of 87 changes.
quarter ended September 30, 2025 · filed November 05, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Bruker Corp | Added | +338,618 | +$11M | 4.3% |
| Core Natural Resources Inc | New | +104,503 | +$8.72M | 2.0% |
| LA Lithium Amers Corp New | New | +1,339,275 | +$7.65M | 1.8% |
| OM Odyssey Marine Expl Inc | New | +3,676,882 | +$7.17M | 1.6% |
| AH Asml Holding N V | Added | +6,674 | +$6.46M | 2.4% |
| Enovix Corporation | Exited | −542,797 | −$5.61M | — |
| Lockheed Martin Corp | Added | +10,326 | +$5.15M | 4.4% |
| CN Canadian Nat Res Ltd | Added | +155,608 | +$4.97M | 3.7% |
| St Joe Co | Exited | −95,484 | −$4.55M | — |
| WI Weatherford Intl PLC | New | +64,800 | +$4.43M | 1.0% |
Showing the 10 largest of 74 changes.
quarter ended June 30, 2025 · filed August 08, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Tmc The Metals Company Inc | Trimmed | −2,935,038 | −$19.4M | 2.9% |
| Calavo Growers Inc | New | +427,379 | +$11.4M | 3.7% |
| Bruker Corp | Added | +206,899 | +$8.52M | 3.2% |
| Limoneira Co | Exited | −439,682 | −$7.79M | — |
| Cameco Corp | Trimmed | −73,269 | −$5.44M | 5.4% |
| AG Alamos Gold Inc New | Trimmed | −194,272 | −$5.16M | 4.5% |
| Nexgen Energy Ltd | Added | +581,048 | +$4.04M | 5.8% |
| Allegion PLC | New | +24,767 | +$3.57M | 1.2% |
| Builders Firstsource Inc | New | +29,005 | +$3.38M | 1.1% |
| Amicus Therapeutics Inc | Exited | −399,498 | −$3.26M | — |
Showing the 10 largest of 58 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VF Virtu Finl Inc | Trimmed | −258,883 | −$9.87M | 5.7% |
| TM Trilogy Metals Inc New | Added | +4,781,670 | +$7.44M | 7.1% |
| Ferroglobe PLC | Added | +1,270,625 | +$4.71M | 4.6% |
| OI Oceaneering Intl Inc | Added | +203,200 | +$4.43M | 2.1% |
| East West Bancorp Inc | New | +47,795 | +$4.29M | 1.5% |
| Nexgen Energy Ltd | Added | +948,773 | +$4.26M | 3.2% |
| Tmc The Metals Company Inc | Added | +2,135,038 | +$3.67M | 2.6% |
| Bunge Global Sa | Added | +38,777 | +$2.96M | 4.5% |
| Murphy Oil Corp | New | +100,000 | +$2.84M | 1.0% |
| BA Bank America Corp | Added | +49,908 | +$2.08M | 1.1% |
Showing the 10 largest of 57 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BG Barrick Gold Corp | Trimmed | −504,149 | −$7.81M | 0.9% |
| Elanco Animal Health Inc | New | +393,782 | +$4.77M | 1.9% |
| East West Bancorp Inc | Exited | −47,795 | −$3.95M | — |
| AG Alamos Gold Inc New | Added | +211,273 | +$3.9M | 5.2% |
| Ferroglobe PLC | Trimmed | −743,194 | −$2.82M | 3.3% |
| AL Abbott Labs | Exited | −22,997 | −$2.62M | — |
| BA Bank America Corp | Trimmed | −50,108 | −$2.2M | 0.4% |
| Ero Copper Corp | Exited | −80,000 | −$1.78M | — |
| TN Tidewater Inc New | New | +32,040 | +$1.75M | 0.7% |
| Caterpillar Inc | Exited | −4,458 | −$1.74M | — |
Showing the 10 largest of 54 changes.
quarter ended September 30, 2024 · filed November 19, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ferroglobe PLC | Added | +1,781,024 | +$8.26M | 5.2% |
| Limoneira Co | Trimmed | −276,116 | −$7.32M | 4.8% |
| Smartrent Inc | Trimmed | −3,676,165 | −$6.36M | 0.7% |
| CN Canadian Nat Res Ltd | Added | +151,237 | +$5.02M | 4.6% |
| NY New York Cmnty Bancorp Inc | Exited | −1,100,000 | −$3.54M | — |
| Amicus Therapeutics Inc | Added | +292,976 | +$3.13M | 1.4% |
| St Joe Co | Added | +51,830 | +$3.02M | 2.9% |
| Apellis Pharmaceuticals Inc | New | +102,403 | +$2.95M | 1.1% |
| Nexgen Energy Ltd | Added | +434,670 | +$2.84M | 2.9% |
| TM Trilogy Metals Inc New | Added | +4,731,278 | +$2.37M | 1.5% |
Showing the 10 largest of 45 changes.
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