Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$607M in Q2 2013 → $870M 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 |
|---|---|---|---|---|
| Exxon Mobil Corp | 8.9% | New | 565,295 | $77.3M |
| DE Devon Energy Corp New | 8.3% | Added 69% | 1,749,854 | $72.3M |
| Permian Resources Corp | 7.0% | Added 49% | 3,289,106 | $60.6M |
| Ovintiv Inc | 4.3% | Added 13% | 716,400 | $37.7M |
| Valero Energy Corp | 3.7% | New | 124,319 | $32.4M |
| Antero Resources Corp | 3.3% | Trimmed 34% | 825,364 | $29M |
| Expand Energy Corporation | 2.5% | Trimmed 43% | 234,043 | $21.3M |
| Mastec Inc | 2.4% | Added 38% | 50,469 | $21M |
| TS Tenaris S A | 2.4% | New | 368,588 | $20.5M |
| Teck Resources Ltd | 2.3% | Added 97% | 342,632 | $20.4M |
| Cheniere Energy Inc | 2.2% | Added 215% | 81,344 | $19.4M |
| DU Delek Us Hldgs Inc New | 2.1% | Added 16% | 363,287 | $18.5M |
| CE Cenovus Energy Inc | 1.9% | Trimmed 54% | 674,191 | $16.7M |
| Amphenol Corp | 1.7% | Added 215% | 86,310 | $15.2M |
| TR Targa Res Corp | 1.7% | Trimmed 14% | 54,424 | $14.6M |
| Viper Energy Inc | 1.6% | New | 334,100 | $14.2M |
| Imperial Oil Ltd | 1.5% | New | 119,300 | $13.4M |
| Freeport Mcmoran Inc | 1.5% | Trimmed 63% | 207,100 | $13M |
| Bunge Global Sa | 1.5% | Trimmed 12% | 120,100 | $12.8M |
| PH Propetro Hldg Corp | 1.4% | Trimmed 7.4% | 835,863 | $12M |
| Flex Ltd | 1.4% | New | 72,900 | $11.8M |
| CR California Res Corp | 1.3% | Added 16% | 218,438 | $11.5M |
| Vertiv Holdings Co | 1.3% | Trimmed 5.0% | 33,987 | $11.4M |
| Albemarle Corp | 1.3% | Added 152% | 83,342 | $11.3M |
| NE Nvent Elec PLC | 1.3% | Trimmed 1.4% | 66,088 | $11.2M |
| Enphase Energy Inc | 1.2% | Added 180% | 220,508 | $10.9M |
| WI Weatherford Intl PLC | 1.2% | New | 132,700 | $10.8M |
| Antero Midstream Corp | 1.2% | New | 467,598 | $10.6M |
| MM Modine Mfg Co | 1.2% | Added 33% | 39,144 | $10.5M |
| Seadrill Ltd | 1.1% | Trimmed 14% | 260,971 | $9.87M |
| PS Primoris Svcs Corp | 1.1% | Added 151% | 93,640 | $9.28M |
| Pbf Energy Inc | 1.0% | New | 200,529 | $9.13M |
| CS Comfort Sys Usa Inc | 1.0% | Added 388% | 4,394 | $8.71M |
| PD Precision Drilling Corp | 1.0% | Added 493% | 113,178 | $8.69M |
| SE Solaris Energy Infras Inc | 1.0% | Trimmed 34% | 107,947 | $8.69M |
| Nrg Energy Inc | 1.0% | Trimmed 42% | 59,418 | $8.68M |
| Evgo Inc | 1.0% | Unchanged | 4,345,531 | $8.3M |
| Halliburton Co | 0.9% | Trimmed 76% | 230,200 | $7.82M |
| Liberty Energy Inc | 0.9% | Trimmed 72% | 297,884 | $7.8M |
| Baker Hughes Company | 0.9% | New | 138,200 | $7.67M |
| Fluor Corp | 0.8% | Added 12% | 132,415 | $6.94M |
| DI Dycom Inds Inc | 0.8% | Trimmed 17% | 13,377 | $6.76M |
| Tc Energy Corp | 0.7% | Trimmed 68% | 98,262 | $6.51M |
| Darling Ingredients Inc | 0.7% | New | 113,800 | $6.22M |
| Magnolia Oil & Gas Corp | 0.7% | Trimmed 73% | 227,667 | $5.82M |
| Chord Energy Corporation | 0.6% | Trimmed 73% | 49,048 | $5.61M |
| Usa Rare Earth Inc | 0.6% | Added 200% | 250,414 | $5.4M |
| KM Kinder Morgan Inc Del | 0.6% | Trimmed 78% | 162,485 | $5.19M |
| Nextpower Inc | 0.6% | Added 226% | 43,359 | $5.17M |
| TP Texas Pacific Land Corporati | 0.6% | New | 11,200 | $4.9M |
| Sm Energy Company | 0.5% | New | 182,900 | $4.77M |
| Sigma Lithium Corporation | 0.5% | Trimmed 9.2% | 375,793 | $4.75M |
| Carrier Global Corporation | 0.5% | Added 9.6% | 60,300 | $4.42M |
| Parker-hannifin Corp | 0.5% | Added 179% | 4,463 | $4.37M |
| Clean Energy Fuels Corp | 0.5% | Unchanged | 2,103,095 | $4.31M |
| TN Tidewater Inc New | 0.5% | Added 822% | 61,850 | $4.12M |
| Itt Inc | 0.5% | New | 20,200 | $3.99M |
| Atlas Energy Solutions Inc | 0.4% | Trimmed 48% | 231,347 | $3.84M |
| NO Northern Oil & Gas Inc | 0.4% | New | 210,200 | $3.82M |
| Centrus Energy Corp | 0.4% | Added 155% | 20,821 | $3.5M |
Showing top 60 of 79 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 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Exxon Mobil Corp | New | +565,295 | +$77.3M | 8.9% |
| ON Oneok Inc New | Trimmed | −395,575 | −$34.4M | 0.4% |
| Valero Energy Corp | New | +124,319 | +$32.4M | 3.7% |
| DE Devon Energy Corp New | Added | +717,118 | +$29.6M | 8.3% |
| Kinetik Holdings Inc | Trimmed | −597,061 | −$28.9M | 0.2% |
| SE Suncor Energy Inc New | Exited | −434,580 | −$28.7M | — |
| Phillips 66 | Exited | −149,104 | −$27.2M | — |
| Halliburton Co | Trimmed | −731,200 | −$24.8M | 0.9% |
| Freeport Mcmoran Inc | Trimmed | −351,594 | −$22.1M | 1.5% |
| Xcel Energy Inc | Exited | −276,435 | −$22M | — |
Showing the 10 largest of 104 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Viper Energy Inc | Exited | −1,534,335 | −$59.3M | — |
| Halliburton Co | Added | +871,400 | +$34M | 3.5% |
| Expand Energy Corporation | Added | +291,133 | +$32M | 4.2% |
| WC Williams Cos Inc | Exited | −525,232 | −$31.6M | — |
| Antero Midstream Corp | Exited | −1,772,534 | −$31.5M | — |
| Antero Resources Corp | Added | +729,491 | +$31M | 4.9% |
| Mastec Inc | Trimmed | −95,400 | −$30.7M | 1.1% |
| Coterra Energy Inc | Exited | −1,144,682 | −$30.1M | — |
| DE Devon Energy Corp New | Added | +526,991 | +$26.5M | 4.9% |
| KM Kinder Morgan Inc Del | Trimmed | −789,006 | −$26.5M | 2.3% |
Showing the 10 largest of 110 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DE Devon Energy Corp New | Trimmed | −954,007 | −$34.9M | 2.0% |
| Permian Resources Corp | Trimmed | −2,269,432 | −$31.8M | 4.1% |
| Murphy Oil Corp | Trimmed | −1,005,485 | −$31.4M | 0.3% |
| SE Solaris Energy Infras Inc | Trimmed | −598,935 | −$27.5M | 0.8% |
| Sempra | Exited | −287,538 | −$25.9M | — |
| Viper Energy Inc | Trimmed | −612,100 | −$23.6M | 6.6% |
| CR California Res Corp | Exited | −377,760 | −$20.1M | — |
| DE Duke Energy Corp New | Exited | −154,784 | −$19.2M | — |
| Sunococorp LLC | New | +384,079 | +$18.9M | 2.1% |
| Tc Energy Corp | Trimmed | −323,036 | −$17.8M | 3.1% |
Showing the 10 largest of 97 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Viper Energy Inc | New | +2,146,435 | +$82M | 7.4% |
| Viper Energy Inc | Exited | −1,529,435 | −$58.3M | — |
| Eqt Corp | Exited | −737,052 | −$43M | — |
| Chord Energy Corporation | Exited | −377,585 | −$36.6M | — |
| Murphy Oil Corp | New | +1,087,500 | +$30.9M | 2.8% |
| Coterra Energy Inc | Trimmed | −1,242,562 | −$29.4M | 2.3% |
| Kinetik Holdings Inc | Trimmed | −583,116 | −$24.9M | 0.9% |
| Antero Midstream Corp | Added | +1,266,794 | +$24.6M | 2.4% |
| WC Williams Cos Inc | New | +375,200 | +$23.8M | 2.1% |
| CR California Res Corp | New | +377,760 | +$20.1M | 1.8% |
Showing the 10 largest of 103 changes.
quarter ended June 30, 2025 · filed August 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Halliburton Co | Trimmed | −1,475,870 | −$30.1M | 0.6% |
| DE Devon Energy Corp New | Added | +888,643 | +$28.3M | 3.6% |
| Eqt Corp | Added | +474,297 | +$27.7M | 3.8% |
| ER Eog Res Inc | Exited | −206,100 | −$26.4M | — |
| Nrg Energy Inc | Trimmed | −164,345 | −$26.4M | 0.2% |
| Magnolia Oil & Gas Corp | Added | +1,133,900 | +$25.5M | 2.8% |
| CN Canadian Nat Res Ltd | Trimmed | −761,950 | −$23.9M | 0.6% |
| WI Weatherford Intl PLC | Trimmed | −472,800 | −$23.8M | 0.9% |
| Antero Midstream Corp | Trimmed | −1,190,997 | −$22.6M | 0.2% |
| Txnm Energy Inc | Exited | −412,179 | −$22M | — |
Showing the 10 largest of 95 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Conocophillips | Exited | −885,232 | −$87.8M | — |
| ON Oneok Inc New | New | +440,714 | +$43.7M | 3.8% |
| Halliburton Co | Added | +1,477,698 | +$37.5M | 4.1% |
| WI Weatherford Intl PLC | New | +678,583 | +$36.3M | 3.2% |
| Phillips 66 | Exited | −300,119 | −$34.2M | — |
| Kinetik Holdings Inc | Added | +597,127 | +$31M | 2.8% |
| Viper Energy Inc | Added | +534,322 | +$24.1M | 3.8% |
| Permian Resources Corp | Added | +1,645,943 | +$22.8M | 5.0% |
| CN Canadian Nat Res Ltd | Added | +709,063 | +$21.8M | 2.6% |
| Gulfport Energy Corp | Added | +118,125 | +$21.8M | 3.6% |
Showing the 10 largest of 97 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TS Tenaris S A | Trimmed | −1,097,274 | −$41.5M | 1.3% |
| Conocophillips | Added | +389,000 | +$38.6M | 9.1% |
| Tc Energy Corp | New | +757,720 | +$35.3M | 3.6% |
| Antero Midstream Corp | New | +2,323,270 | +$35.1M | 3.6% |
| Baker Hughes Company | Trimmed | −817,865 | −$33.5M | 0.2% |
| Eqt Corp | Trimmed | −718,500 | −$33.1M | 2.0% |
| CN Canadian Nat Res Ltd | Trimmed | −1,029,782 | −$31.8M | 0.9% |
| Cheniere Energy Inc | Trimmed | −128,891 | −$27.7M | 3.1% |
| Enlink Midstream LLC | Exited | −1,814,608 | −$26.3M | — |
| WI Weatherford Intl PLC | Exited | −249,783 | −$21.2M | — |
Showing the 10 largest of 86 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cheniere Energy Inc | New | +268,072 | +$48.2M | 4.7% |
| CN Canadian Nat Res Ltd | New | +1,300,569 | +$43.2M | 4.2% |
| TS Tenaris S A | Added | +1,113,382 | +$35.4M | 4.4% |
| ER Eog Res Inc | New | +263,300 | +$32.4M | 3.1% |
| Marathon Oil Corp | Exited | −1,054,614 | −$30.2M | — |
| Conocophillips | Added | +270,500 | +$28.5M | 5.1% |
| Antero Resources Corp | Exited | −756,950 | −$24.7M | — |
| CE Cenovus Energy Inc | Trimmed | −1,449,540 | −$24.3M | 0.2% |
| Ovintiv Inc | Exited | −485,000 | −$22.7M | — |
| WI Weatherford Intl PLC | New | +249,783 | +$21.2M | 2.1% |
Showing the 10 largest of 92 changes.
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