| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | CANADIAN NAT RES LTD MED TER COM | $137.9M | 2.83M | 7.4% | ADDED | +925.4K |
| 2 | VALARIS LTD CL A | $129.3M | 1.32M | 7.0% | ADDED | +257.3K |
| 3 | RANGE RES CORP COM | $123.0M | 2.72M | 6.6% | ADDED | +718.6K |
| 4 | SUNCOR ENERGY INC NEW COM | $121.7M | 1.84M | 6.5% | ADDED | +1.11M |
| 5 | SLB LIMITED COM STK | $118.1M | 2.30M | 6.3% | ADDED | +1.36M |
| 6 | SEADRILL LTD COM | $111.5M | 2.45M | 6.0% | ADDED | +529.9K |
| 7 | CAMECO CORP COM | $90.8M | 836.4K | 4.9% | ADDED | +153.5K |
| 8 | NOBLE CORP PLC ORD SHS A | $90.3M | 1.84M | 4.9% | ADDED | +415.2K |
| 9 | CORE NATURAL RESOURCES INC COM SHS | $74.2M | 708.2K | 4.0% | ADDED | +405.5K |
| 10 | EQT CORP COM | $73.8M | 1.16M | 4.0% | ADDED | +313.5K |
| 11 | ANTERO RESOURCES CORP COM | $68.6M | 1.62M | 3.7% | ADDED | +433.5K |
| 12 | NUTRIEN LTD COM | $62.1M | 822.3K | 3.3% | REDUCED | -3,146 |
| 13 | WARRIOR MET COAL INC COM | $55.7M | 598.1K | 3.0% | NEW | — |
| 14 | SIBANYE STILLWATER LTD SPONSORED ADR | $52.6M | 4.27M | 2.8% | ADDED | +730.4K |
| 15 | ALPHA METALLURGICAL RESOUR I COM | $49.7M | 242.0K | 2.7% | ADDED | +163.1K |
| 16 | CHORD ENERGY CORPORATION COM NEW | $40.3M | 283.5K | 2.2% | NEW | — |
| 17 | PERMIAN RESOURCES CORP CLASS A COM | $38.7M | 1.81M | 2.1% | ADDED | +1.37M |
| 18 | CENTRUS ENERGY CORP CL A | $35.1M | 202.1K | 1.9% | ADDED | +30.9K |
| 19 | ALAMOS GOLD INC COM CL A | $30.5M | 686.6K | 1.6% | REDUCED | -94,064 |
| 20 | URANIUM ENERGY CORP COM | $29.7M | 2.20M | 1.6% | ADDED | +380.8K |
| 21 | MATADOR RES CO COM | $28.9M | 457.9K | 1.6% | ADDED | +113.8K |
| 22 | ENERGY FUELS INC COM NEW | $27.1M | 1.48M | 1.5% | ADDED | +255.5K |
| 23 | OCEANEERING INTL INC COM | $25.3M | 713.6K | 1.4% | ADDED | +144.9K |
| 24 | IVANHOE ELECTRIC INC COM | $25.0M | 2.12M | 1.3% | ADDED | +327.1K |
| 25 | EXPAND ENERGY CORPORATION COM | $24.8M | 225.9K | 1.3% | ADDED | +60.5K |
Holdings data sourced from SEC EDGAR 13F-HR filings. Updated quarterly, approximately 45 days after quarter end. All data is public domain.
Last filed: May 5, 2026