Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (7 quarters reported)
$105M in Q4 2024 → $149M 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 |
|---|---|---|---|---|
| Bkv Corp | 5.4% | Added 25% | 293,382 | $8.03M |
| FN Ferrovial Nv | 5.3% | Trimmed 42% | 116,166 | $7.97M |
| Pampa Energia Sa | 5.3% | Trimmed 9.0% | 96,417 | $7.92M |
| Ppl Corp | 5.3% | New | 216,329 | $7.86M |
| H2o America | 5.2% | Trimmed 21% | 128,839 | $7.83M |
| TD Transportadora De Gas Del Su | 4.5% | Trimmed 17% | 227,806 | $6.77M |
| Iren Limited | 4.4% | New | 143,142 | $6.55M |
| AE American Elec Pwr Co Inc | 4.4% | New | 47,600 | $6.51M |
| Babcock & Wilcox Enterprises | 4.1% | New | 434,022 | $6.12M |
| Dte Energy Co | 4.0% | New | 39,400 | $6M |
| Applied Digital Corp | 3.9% | New | 155,219 | $5.79M |
| Mge Energy Inc | 3.7% | New | 68,585 | $5.59M |
| EN Entergy Corp New | 3.6% | Added 2.9% | 46,320 | $5.32M |
| DP Digi Pwr X Inc | 3.5% | Trimmed 67% | 966,252 | $5.27M |
| PG&E Corp | 3.5% | Added 162% | 312,149 | $5.25M |
| Galaxy Digital Inc. | 3.3% | Trimmed 20% | 181,323 | $4.96M |
| Clearway Energy Inc | 2.9% | New | 127,191 | $4.35M |
| Bit Digital Inc | 2.9% | New | 2,377,251 | $4.28M |
| MR Mdu Res Group Inc | 2.6% | New | 184,163 | $3.91M |
| Vertiv Holdings Co | 2.2% | New | 9,760 | $3.27M |
| Innio Nv | 1.9% | New | 71,200 | $2.82M |
| Fermi Inc | 1.9% | New | 304,920 | $2.79M |
| X-energy Inc | 1.8% | New | 148,843 | $2.73M |
| CS Core Scientific Inc New | 1.8% | New | 104,774 | $2.68M |
| Terrestrial Energy Inc | 1.7% | Trimmed 39% | 353,010 | $2.5M |
| Solv Energy Inc | 1.6% | Trimmed 74% | 70,342 | $2.4M |
| Enphase Energy Inc | 1.6% | Trimmed 13% | 48,300 | $2.38M |
| CA Corporacion Amer Arpts S A | 1.6% | New | 94,140 | $2.37M |
| Bullish | 1.6% | New | 100,029 | $2.34M |
| Liberty Energy Inc | 1.6% | New | 88,779 | $2.33M |
| Xcel Energy Inc | 1.5% | New | 27,700 | $2.22M |
| PH Propetro Hldg Corp | 1.4% | New | 145,700 | $2.09M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 6 quarters.
quarter ended June 30, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DP Digi Pwr X Inc | Trimmed | −1,953,152 | −$10.6M | 3.5% |
| Ppl Corp | New | +216,329 | +$7.86M | 5.3% |
| Solv Energy Inc | Trimmed | −202,476 | −$6.89M | 1.6% |
| Iren Limited | New | +143,142 | +$6.55M | 4.4% |
| AE American Elec Pwr Co Inc | New | +47,600 | +$6.51M | 4.4% |
| Babcock & Wilcox Enterprises | New | +434,022 | +$6.12M | 4.1% |
| Dte Energy Co | New | +39,400 | +$6M | 4.0% |
| Applied Digital Corp | New | +155,219 | +$5.79M | 3.9% |
| FN Ferrovial Nv | Trimmed | −84,289 | −$5.78M | 5.3% |
| Mge Energy Inc | New | +68,585 | +$5.59M | 3.7% |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Xcel Energy Inc | Exited | −152,239 | −$11.2M | — |
| H2o America | New | +162,217 | +$9.52M | 9.6% |
| TD Transportadora De Gas Del Su | New | +274,049 | +$9.48M | 9.6% |
| Pampa Energia Sa | New | +105,963 | +$9.38M | 9.5% |
| Solv Energy Inc | New | +272,818 | +$8.19M | 8.3% |
| Bkv Corp | New | +235,363 | +$6.71M | 6.8% |
| Terrestrial Energy Inc | Exited | −1,077,500 | −$6.58M | — |
| Geopark Ltd | Exited | −789,978 | −$5.85M | — |
| Ferrovial Se | Added | +84,584 | +$5.5M | 13.2% |
| Cleanspark Inc | New | +644,865 | +$5.49M | 5.5% |
Showing the 10 largest of 39 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Xcel Energy Inc | Added | +126,339 | +$9.33M | 11.9% |
| HI Hcm Ii Acquisition Corp | Exited | −500,000 | −$8.21M | — |
| Ferrovial Se | New | +115,871 | +$7.49M | 7.9% |
| NP Nuscale Pwr Corp | Exited | −192,406 | −$6.93M | — |
| Terrestrial Energy Inc | New | +1,077,500 | +$6.58M | 7.0% |
| PG&E Corp | Exited | −403,105 | −$6.08M | — |
| Geopark Ltd | New | +789,978 | +$5.85M | 6.2% |
| CU Chesapeake Utils Corp | New | +43,586 | +$5.44M | 5.8% |
| Alliant Energy Corp | New | +71,500 | +$4.65M | 4.9% |
| DP Digi Pwr X Inc | New | +1,753,308 | +$4.47M | 4.7% |
Showing the 10 largest of 46 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Hut 8 Corp | Trimmed | −407,301 | −$14.2M | 2.6% |
| CM Cipher Mining Inc | Trimmed | −955,179 | −$12M | 1.4% |
| Talen Energy Corp | Trimmed | −25,685 | −$10.9M | 7.1% |
| Galaxy Digital Inc. | Trimmed | −305,748 | −$10.3M | 3.7% |
| Spire Inc | Exited | −123,300 | −$9M | — |
| HI Hcm Ii Acquisition Corp | Trimmed | −527,934 | −$8.66M | 10.7% |
| NP Nuscale Pwr Corp | New | +192,406 | +$6.93M | 9.0% |
| PG&E Corp | New | +403,105 | +$6.08M | 7.9% |
| UN Ugi Corp New | Exited | −144,845 | −$5.28M | — |
| H2o America | Exited | −94,266 | −$4.9M | — |
Showing the 10 largest of 35 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Txnm Energy Inc | Exited | −495,727 | −$26.5M | — |
| HI Hcm Ii Acquisition Corp | New | +1,027,934 | +$11.4M | 12.4% |
| Talen Energy Corp | New | +38,550 | +$11.2M | 12.2% |
| Spire Inc | New | +123,300 | +$9M | 9.8% |
| Galaxy Digital Inc. | New | +390,248 | +$8.55M | 9.3% |
| UN Ugi Corp New | New | +144,845 | +$5.28M | 5.7% |
| H2o America | New | +94,266 | +$4.9M | 5.3% |
| Oklo Inc | New | +87,474 | +$4.9M | 5.3% |
| Aes Corp | New | +424,291 | +$4.46M | 4.8% |
| Vistra Corp | Trimmed | −22,061 | −$4.28M | 9.1% |
Showing the 10 largest of 20 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EN Entergy Corp New | Exited | −148,450 | −$11.3M | — |
| Txnm Energy Inc | Added | +197,759 | +$10.6M | 56.2% |
| Talen Energy Corp | Exited | −51,509 | −$10.4M | — |
| Evergy Inc | Exited | −168,364 | −$10.4M | — |
| Xcel Energy Inc | Exited | −153,000 | −$10.3M | — |
| Nisource Inc | Exited | −262,000 | −$9.63M | — |
| PG&E Corp | Exited | −369,900 | −$7.46M | — |
| CS Core Scientific Inc New | Exited | −432,271 | −$6.07M | — |
| Eversource Energy | Exited | −88,171 | −$5.06M | — |
| Hut 8 Corp | Added | +324,512 | +$3.77M | 10.9% |
Showing the 10 largest of 15 changes.
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