Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (23 quarters reported)
$140M in Q4 2020 → $1.92B 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 |
|---|---|---|---|---|
| Antero Resources Corp | 15.8% | Added 4.4% | 8,669,859 | $305M |
| CR California Res Corp | 13.4% | Added 7.6% | 4,890,388 | $259M |
| Patterson-uti Energy Inc | 6.9% | Trimmed 11% | 14,553,804 | $134M |
| Chord Energy Corporation | 6.5% | Trimmed 15% | 1,096,511 | $125M |
| Halliburton Co | 5.8% | Added 33% | 3,283,008 | $111M |
| PH Propetro Hldg Corp | 5.8% | Added 6.5% | 7,713,646 | $111M |
| CA Century Alum Co | 5.4% | Trimmed 16% | 2,266,085 | $104M |
| TN Tidewater Inc New | 4.9% | Added 232% | 1,404,984 | $93.6M |
| OP Occidental Pete Corp | 4.6% | Added 200% | 1,835,700 | $89.2M |
| Talos Energy Inc | 4.6% | Trimmed 13% | 6,895,998 | $89M |
| Oneok Inc New | 4.6% | Added 0.5% | 1,020,925 | $88.8M |
| Ovintiv Inc | 2.7% | Added 3.8% | 977,630 | $51.5M |
| Cheniere Energy Inc | 2.7% | Trimmed 4.6% | 214,753 | $51.3M |
| PE Peabody Engr Corp | 1.9% | Added 11% | 1,574,054 | $36.4M |
| Noble Corp PLC | 1.5% | Trimmed 78% | 792,981 | $29.6M |
| PG&E Corp | 1.5% | Trimmed 31% | 1,692,747 | $28.5M |
| Rice Acquisition Corp 3 | 1.4% | Trimmed 0.1% | 2,563,697 | $27.5M |
| Alliant Energy Corp | 1.1% | Trimmed 8.4% | 273,921 | $20.9M |
| Venture Global Inc | 1.0% | Added 54% | 1,658,515 | $18.5M |
| CR Comstock Res Inc | 0.9% | New | 1,156,868 | $17.3M |
| EN Entergy Corp New | 0.9% | New | 146,703 | $16.9M |
| NJ New Jersey Res Corp | 0.8% | Trimmed 17% | 289,573 | $16.2M |
| Green Plains Inc | 0.8% | Added 20% | 1,021,383 | $15.7M |
| Xcel Energy Inc | 0.7% | Trimmed 47% | 163,771 | $13.2M |
| Sunrun Inc | 0.6% | New | 855,841 | $11.5M |
| SG Southwest Gas Hldgs Inc | 0.5% | Trimmed 8.7% | 117,443 | $10.4M |
| Golar Lng Ltd | 0.5% | Trimmed 5.4% | 205,009 | $10.2M |
| Tc Energy Corp | 0.5% | Trimmed 8.9% | 150,776 | $9.99M |
| AS Algoma Stl Group Inc | 0.3% | Trimmed 4.5% | 1,247,507 | $5.05M |
| Pbf Energy Inc | 0.2% | New | 100,000 | $4.55M |
| Nextdecade Corp | 0.2% | Trimmed 9.0% | 538,230 | $4.06M |
| EL Eaglerock Ld LLC | 0.2% | New | 167,460 | $3.56M |
| X-energy Inc | 0.2% | New | 179,848 | $3.3M |
| Hallador Energy Company | 0.2% | Added 25% | 183,394 | $3.19M |
| Core Natural Resources Inc | 0.1% | Trimmed 10% | 34,665 | $2.77M |
| Net Power Inc | 0.1% | Trimmed 6.9% | 1,400,110 | $2.34M |
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 |
|---|---|---|---|---|
| Noble Corp PLC | Trimmed | −2,888,191 | −$108M | 1.5% |
| TN Tidewater Inc New | Added | +981,471 | +$65.4M | 4.9% |
| OP Occidental Pete Corp | Added | +1,224,599 | +$59.5M | 4.6% |
| Cheniere Energy Inc | Exited | −200,000 | −$56.8M | — |
| Oneok Inc New | Exited | −500,000 | −$45.2M | — |
| Diamondback Energy Inc | Exited | −180,344 | −$35.7M | — |
| Halliburton Co | Added | +805,880 | +$27.4M | 5.8% |
| Chord Energy Corporation | Trimmed | −195,059 | −$22.3M | 6.5% |
| CA Century Alum Co | Trimmed | −421,164 | −$19.4M | 5.4% |
| Andersons Inc | Exited | −258,746 | −$18.6M | — |
Showing the 10 largest of 47 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Noble Corp PLC | Trimmed | −1,227,125 | −$60.2M | 7.3% |
| Cheniere Energy Inc | New | +200,000 | +$56.8M | 2.3% |
| CA Century Alum Co | Trimmed | −934,735 | −$54.9M | 6.4% |
| Cheniere Energy Inc | Added | +175,114 | +$49.7M | 2.6% |
| Talos Energy Inc | Trimmed | −2,623,930 | −$41.4M | 5.1% |
| OP Occidental Pete Corp | New | +611,101 | +$39.7M | 1.6% |
| Antero Resources Corp | Trimmed | −858,242 | −$36.4M | 14.2% |
| Expand Energy Corporation | Exited | −325,425 | −$35.9M | — |
| Diamondback Energy Inc | New | +180,344 | +$35.7M | 1.4% |
| TN Tidewater Inc New | New | +423,513 | +$35.4M | 1.4% |
Showing the 10 largest of 52 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Alcoa Corp | Trimmed | −1,163,740 | −$61.8M | 0.2% |
| Halliburton Co | Added | +2,169,218 | +$61.3M | 5.2% |
| WI Weatherford Intl PLC | Exited | −729,338 | −$49.9M | — |
| CR California Res Corp | Added | +1,094,715 | +$48.9M | 10.7% |
| Antero Resources Corp | Added | +1,378,001 | +$47.5M | 17.6% |
| Oneok Inc New | New | +600,000 | +$44.1M | 2.5% |
| Valaris Ltd | Exited | −880,215 | −$42.9M | — |
| CA Century Alum Co | Added | +981,519 | +$38.5M | 7.9% |
| Expand Energy Corporation | New | +325,425 | +$35.9M | 2.0% |
| Rice Acquisition Corp 3 | New | +2,569,384 | +$27M | 1.5% |
Showing the 10 largest of 49 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Eqt Corp | Exited | −2,726,585 | −$159M | — |
| TS Tenaris S A | Exited | −3,086,075 | −$115M | — |
| Civitas Resources Inc | Exited | −3,624,971 | −$99.8M | — |
| CR California Res Corp | Added | +1,179,842 | +$62.7M | 11.5% |
| Alcoa Corp | Trimmed | −1,715,955 | −$56.4M | 2.7% |
| DE Devon Energy Corp New | Exited | −1,751,276 | −$55.7M | — |
| WI Weatherford Intl PLC | New | +729,338 | +$49.9M | 3.4% |
| FN Fluor Corp New | Trimmed | −1,131,370 | −$47.6M | 1.5% |
| Cameco Corp | Exited | −582,535 | −$43.2M | — |
| Valaris Ltd | New | +880,215 | +$42.9M | 2.9% |
Showing the 10 largest of 51 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Eqt Corp | Trimmed | −2,699,701 | −$157M | 8.3% |
| FN Fluor Corp New | New | +1,664,266 | +$85.3M | 4.4% |
| DE Devon Energy Corp New | Added | +1,672,824 | +$53.2M | 2.9% |
| Halliburton Co | Trimmed | −2,430,127 | −$49.5M | 0.2% |
| Cameco Corp | New | +582,535 | +$43.2M | 2.3% |
| Patterson-uti Energy Inc | Added | +7,205,652 | +$42.7M | 4.3% |
| CR California Res Corp | Added | +779,280 | +$35.6M | 4.8% |
| Antero Resources Corp | Added | +783,117 | +$31.5M | 17.1% |
| Noble Corp PLC | Added | +1,157,756 | +$30.7M | 7.2% |
| Oneok Inc New | Added | +344,280 | +$28.1M | 2.3% |
Showing the 10 largest of 50 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Chord Energy Corporation | Added | +696,187 | +$78.5M | 6.4% |
| Civitas Resources Inc | Added | +1,608,947 | +$56.1M | 8.9% |
| Halliburton Co | Added | +2,189,347 | +$55.5M | 3.8% |
| Expand Energy Corporation | Exited | −467,571 | −$46.5M | — |
| Eqt Corp | Added | +797,488 | +$42.6M | 16.3% |
| Antero Resources Corp | Added | +1,017,293 | +$41.1M | 16.8% |
| Patterson-uti Energy Inc | Added | +4,874,123 | +$40.1M | 3.1% |
| S2 Seadrill 2021 Ltd | Exited | −1,011,438 | −$39.4M | — |
| PG&E Corp | New | +2,049,066 | +$35.2M | 2.0% |
| Alcoa Corp | Added | +1,123,478 | +$34.3M | 5.3% |
Showing the 10 largest of 49 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Alcoa Corp | Added | +1,506,009 | +$56.9M | 5.3% |
| Array Technologies Inc | Exited | −7,433,751 | −$49.1M | — |
| OI Oceaneering Intl Inc | Exited | −1,288,248 | −$32M | — |
| Tc Energy Corp | Exited | −671,366 | −$31.9M | — |
| MM Mp Materials Corp | Exited | −1,793,845 | −$31.7M | — |
| DE Devon Energy Corp New | New | +785,000 | +$25.7M | 1.8% |
| Chord Energy Corporation | Added | +214,870 | +$25.1M | 2.6% |
| Civitas Resources Inc | Added | +504,785 | +$23.2M | 9.5% |
| UN Ugi Corp New | Added | +720,700 | +$20.3M | 2.1% |
| N Nextracker Inc | New | +510,568 | +$18.7M | 1.3% |
Showing the 10 largest of 46 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| S Schlumberger Ltd | Exited | −900,016 | −$42.5M | — |
| OI Oceaneering Intl Inc | Trimmed | −1,571,735 | −$39.1M | 2.6% |
| Freeport-mcmoran Inc | New | +736,000 | +$36.7M | 3.0% |
| Chord Energy Corporation | Trimmed | −265,077 | −$34.5M | 1.1% |
| EG Expro Group Holdings Nv | Trimmed | −1,902,374 | −$32.7M | 2.2% |
| Tc Energy Corp | New | +671,366 | +$31.9M | 2.6% |
| TS Tenaris S A | Trimmed | −880,616 | −$28M | 5.6% |
| CE Chesapeake Energy Corp | New | +335,057 | +$27.6M | 2.2% |
| Ovintiv Inc | Exited | −547,637 | −$25.7M | — |
| Nov Inc | Exited | −1,143,000 | −$21.7M | — |
Showing the 10 largest of 40 changes.
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