Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (31 quarters reported)
$151M in Q4 2018 → $5.08B 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 |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T Put | 28.4% | Added 138% | 1,930,000 | $1.44B |
| IT Ishares Tr Call | 3.0% | New | 1,760,000 | $152M |
| National Fuel Gas Co | 2.4% | Added 49% | 1,559,618 | $120M |
| DE Devon Energy Corp New | 1.7% | New | 2,102,988 | $86.9M |
| First Solar Inc Call | 1.7% | New | 365,000 | $86.1M |
| Nisource Inc | 1.6% | Added 41% | 1,749,831 | $83.2M |
| Ovintiv Inc | 1.6% | Added 40% | 1,540,608 | $81.1M |
| WC Williams Cos Inc | 1.6% | Added 126% | 1,088,549 | $80.9M |
| Bkv Corp | 1.5% | Added 36% | 2,768,719 | $75.8M |
| Vistra Corp | 1.5% | Added 4.2% | 470,483 | $74.6M |
| Talen Energy Corp | 1.5% | Added 145% | 193,647 | $74.4M |
| AP Air Products And Chemicals I Put | 1.4% | New | 250,000 | $73.3M |
| CE Cenovus Energy Inc | 1.4% | Added 1.1% | 2,891,599 | $71.7M |
| EN Entergy Corp New | 1.4% | Added 225% | 615,956 | $70.7M |
| SS Select Sector SPDR Tr Put | 1.3% | New | 1,500,000 | $68M |
| ON Oneok Inc New Put | 1.3% | New | 750,000 | $65.2M |
| First Solar Inc | 1.3% | New | 272,379 | $64.3M |
| Mastec Inc Put | 1.2% | New | 150,000 | $62.4M |
| Permian Resources Corp | 1.2% | Added 11% | 3,367,361 | $62M |
| PS Public Svc Enterprise Group | 1.1% | Added 6.0% | 706,023 | $57.3M |
| DE Duke Energy Corp New | 1.1% | Added 33% | 449,340 | $56.9M |
| AE American Elec Pwr Co Inc | 1.1% | New | 412,431 | $56.4M |
| Forgent Power Solutions Inc | 1.1% | Added 150% | 1,000,000 | $55.9M |
| Legence Corp | 1.1% | New | 627,256 | $53.5M |
| H2o America | 1.0% | Trimmed 4.9% | 851,846 | $51.8M |
| Kinetik Holdings Inc | 1.0% | New | 1,002,184 | $48.4M |
| Dte Energy Co | 0.9% | Added 17% | 297,977 | $45.4M |
| Hf Sinclair Corp | 0.9% | Added 9475% | 639,708 | $44.6M |
| Nextera Energy Inc Put | 0.9% | New | 500,000 | $43.9M |
| AW American Wtr Wks Co Inc New | 0.9% | Added 4.9% | 333,442 | $43.9M |
| Freeport Mcmoran Inc | 0.9% | New | 691,546 | $43.5M |
| Csx Corp | 0.9% | Trimmed 33% | 908,799 | $43.2M |
| FF Fedex Fght Hldg Co Inc | 0.8% | New | 277,234 | $41.9M |
| Antero Resources Corp | 0.8% | New | 1,184,416 | $41.6M |
| NG Nebius Group N.v. | 0.8% | New | 146,543 | $40.5M |
| Regal Rexnord Corporation | 0.8% | New | 163,233 | $38.9M |
| Cheniere Energy Inc | 0.8% | New | 160,123 | $38.3M |
| Dt Midstream Inc | 0.7% | Added 38% | 258,344 | $37.9M |
| Hut 8 Corp | 0.7% | Trimmed 64% | 328,319 | $37.9M |
| Eqt Corp | 0.7% | Added 54% | 709,535 | $37.7M |
| NS Norfolk Southn Corp | 0.7% | New | 119,479 | $37.6M |
| SN Stmicroelectronics N V | 0.7% | New | 495,223 | $37.1M |
| TR Targa Res Corp | 0.7% | Added 5.0% | 137,392 | $36.8M |
| PS Primoris Svcs Corp | 0.7% | New | 366,972 | $36.4M |
| Ati Inc | 0.7% | New | 180,204 | $35.5M |
| Cummins Inc | 0.7% | New | 48,996 | $34.9M |
| Bp PLC | 0.7% | Trimmed 0.6% | 942,850 | $34.8M |
| Black Hills Corp | 0.7% | Added 86% | 458,430 | $34.1M |
| PG Plains Gp Hldgs L P | 0.6% | Added 74% | 1,354,670 | $32.9M |
| Ameren Corp | 0.6% | Trimmed 29% | 284,065 | $32.1M |
| DH Dpc Holdings PLC | 0.6% | New | 619,542 | $30M |
| UP Union Pac Corp | 0.6% | New | 108,219 | $29.4M |
| Transalta Corp | 0.6% | Added 15% | 2,065,064 | $28.6M |
| Deere & Co | 0.6% | New | 44,193 | $28M |
| Cipher Digital Inc | 0.5% | New | 1,091,463 | $26.7M |
| Valero Energy Corp | 0.5% | New | 101,156 | $26.3M |
| Solv Energy Inc | 0.5% | Added 3.4% | 750,000 | $25.5M |
| Viper Energy Inc | 0.5% | Added 16% | 555,319 | $23.5M |
| National Fuel Gas Co Call | 0.5% | New | 300,000 | $23.2M |
| Xplr Infrastructure LP | 0.5% | Trimmed 8.9% | 1,944,751 | $23M |
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 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | Added | +1,120,000 | +$836M | 28.4% |
| IT Ishares Tr | New | +1,760,000 | +$152M | 3.0% |
| Exxon Mobil Corp | Exited | −833,200 | −$141M | — |
| SS State Str SPDR S&P 500 ETF T | Exited | −200,000 | −$130M | — |
| Amphenol Corp | Exited | −800,000 | −$101M | — |
| Coterra Energy Inc | Exited | −2,710,826 | −$95.3M | — |
| DE Devon Energy Corp New | New | +2,102,988 | +$86.9M | 1.7% |
| First Solar Inc | New | +365,000 | +$86.1M | 1.7% |
| AP Air Products And Chemicals I | New | +250,000 | +$73.3M | 1.4% |
| AW American Wtr Wks Co Inc New | Exited | −500,000 | −$68M | — |
Showing the 10 largest of 142 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | Added | +620,000 | +$403M | 16.4% |
| IT Ishares Tr | Exited | −2,050,300 | −$165M | — |
| Exxon Mobil Corp | New | +833,200 | +$141M | 4.4% |
| SS State Str SPDR S&P 500 ETF T | New | +200,000 | +$130M | 4.1% |
| Amphenol Corp | New | +800,000 | +$101M | 3.2% |
| Eqt Corp | Exited | −1,466,600 | −$78.6M | — |
| AW American Wtr Wks Co Inc New | New | +500,000 | +$68M | 2.1% |
| Vistra Corp | New | +451,591 | +$67.9M | 2.1% |
| Te Connectivity PLC | New | +319,300 | +$66.7M | 2.1% |
| Phillips 66 | Exited | −512,500 | −$66.1M | — |
Showing the 10 largest of 143 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +2,050,300 | +$165M | 6.0% |
| ER Eog Res Inc | Exited | −1,000,000 | −$112M | — |
| National Fuel Gas Co | Added | +927,873 | +$74.3M | 3.2% |
| Phillips 66 | New | +512,500 | +$66.1M | 2.4% |
| Crh PLC | New | +505,713 | +$63.1M | 2.3% |
| Coterra Energy Inc | New | +2,369,315 | +$62.4M | 2.3% |
| Csx Corp | New | +1,559,664 | +$56.5M | 2.0% |
| Cheniere Energy Inc | Exited | −230,002 | −$54M | — |
| Eqt Corp | Added | +966,600 | +$51.8M | 2.8% |
| Nisource Inc | New | +1,192,609 | +$49.8M | 1.8% |
Showing the 10 largest of 160 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | New | +250,000 | +$167M | 6.4% |
| ER Eog Res Inc | New | +1,000,000 | +$112M | 4.3% |
| Dominion Energy Inc | Exited | −1,250,000 | −$70.7M | — |
| AW American Wtr Wks Co Inc New | Added | +454,709 | +$63.3M | 3.2% |
| SS Select Sector SPDR Tr | Exited | −750,000 | −$61.2M | — |
| IT Ishares Tr | Exited | −750,000 | −$60.5M | — |
| Tc Energy Corp | New | +976,913 | +$53.1M | 2.0% |
| Halliburton Co | New | +1,946,600 | +$47.9M | 1.8% |
| AE American Elec Pwr Co Inc | Exited | −457,880 | −$47.5M | — |
| Expand Energy Corporation | Exited | −400,000 | −$46.8M | — |
Showing the 10 largest of 171 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| S Schlumberger Ltd | Exited | −1,700,000 | −$71.1M | — |
| Eaton Corp PLC | Trimmed | −180,000 | −$64.3M | 1.1% |
| IT Ishares Tr | New | +750,000 | +$60.5M | 2.7% |
| ON Oneok Inc New | Exited | −500,000 | −$49.6M | — |
| AE American Elec Pwr Co Inc | Trimmed | −442,120 | −$45.9M | 2.1% |
| Dominion Energy Inc | Added | +750,000 | +$42.4M | 3.2% |
| Ge Vernova Inc | Exited | −125,764 | −$38.4M | — |
| ER Eog Res Inc | Exited | −280,000 | −$35.9M | — |
| Hess Corp | New | +254,343 | +$35.2M | 1.6% |
| Csx Corp | New | +1,036,094 | +$33.8M | 1.5% |
Showing the 10 largest of 143 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Constellation Energy Corp | Trimmed | −700,000 | −$141M | 1.5% |
| IT Ishares Tr | Exited | −1,300,000 | −$102M | — |
| AE American Elec Pwr Co Inc | New | +900,000 | +$98.3M | 5.0% |
| SS Select Sector SPDR Tr | New | +1,000,000 | +$78.9M | 4.0% |
| SS SPDR S&P 500 ETF Tr | Exited | −127,500 | −$74.7M | — |
| S Schlumberger Ltd | New | +1,700,000 | +$71.1M | 3.6% |
| PG&E Corp | Exited | −3,000,000 | −$60.5M | — |
| Consolidated Edison Inc | Exited | −625,000 | −$55.8M | — |
| Xcel Energy Inc | Trimmed | −734,207 | −$52M | 1.0% |
| EN Entergy Corp New | New | +581,185 | +$49.7M | 2.5% |
Showing the 10 largest of 147 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Constellation Energy Corp | New | +850,000 | +$190M | 7.9% |
| IT Ishares Tr | New | +1,300,000 | +$102M | 4.2% |
| SS SPDR S&P 500 ETF Tr | New | +127,500 | +$74.7M | 3.1% |
| SS Select Sector SPDR Tr | Exited | −900,000 | −$72.7M | — |
| Xcel Energy Inc | New | +1,000,000 | +$67.5M | 2.8% |
| SS SPDR Ser Tr | Exited | −500,000 | −$65.8M | — |
| PG&E Corp | New | +3,000,000 | +$60.5M | 2.5% |
| TR Targa Res Corp | Exited | −350,900 | −$51.9M | — |
| PS Primoris Svcs Corp | Trimmed | −668,138 | −$51M | 0.1% |
| Eaton Corp PLC | New | +150,100 | +$49.8M | 2.1% |
Showing the 10 largest of 139 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Exited | −525,000 | −$286M | — |
| SS SPDR Ser Tr | New | +500,000 | +$65.8M | 3.6% |
| PG Portland Gen Elec Co | Exited | −1,500,000 | −$64.9M | — |
| Phillips 66 | Exited | −446,300 | −$63M | — |
| CN Chevron Corp New | Exited | −350,000 | −$54.7M | — |
| ER Eog Res Inc | Exited | −400,000 | −$50.3M | — |
| SS Select Sector SPDR Tr | Added | +600,000 | +$48.5M | 4.0% |
| Eqt Corp | New | +1,310,133 | +$48M | 2.6% |
| Diamondback Energy Inc | New | +275,000 | +$47.4M | 2.6% |
| Baker Hughes Company | New | +1,308,333 | +$47.3M | 2.6% |
Showing the 10 largest of 130 changes.
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