| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | HEWLETT PACKARD ENTERPRISE C COM | $553.7M | 23.25M | 8.2% | REDUCED | -1,141,400 |
| 2 | TEXAS INSTRS INC COM | $518.4M | 2.67M | 7.7% | NEW | — |
| 3 | ON SEMICONDUCTOR CORP COM | $482.9M | 7.80M | 7.2% | REDUCED | -2,681,400 |
| 4 | NUCOR CORP COM | $345.2M | 2.04M | 5.1% | ADDED | +377.3K |
| 5 | ROCKET COS INC COM CL A | $329.9M | 23.15M | 4.9% | REDUCED | -2,536,413 |
| 6 | NOKIA CORP SPONSORED ADR | $288.1M | 35.84M | 4.3% | ADDED | +2.15M |
| 7 | QNITY ELECTRONICS INC COMMON STOCK | $287.3M | 2.49M | 4.3% | ADDED | +572.9K |
| 8 | UNITED AIRLS HLDGS INC COM | $286.6M | 3.11M | 4.3% | ADDED | +1.22M |
| 9 | KNIGHT-SWIFT TRANSN HLDGS IN CL A | $265.9M | 4.62M | 3.9% | ADDED | +332.5K |
| 10 | UNITY SOFTWARE INC COM | $249.0M | 11.35M | 3.7% | ADDED | +3.15M |
| 11 | EQT CORP COM | $247.3M | 3.89M | 3.7% | REDUCED | -2,386,100 |
| 12 | GLOBALFOUNDRIES INC ORDINARY SHARES | $224.3M | 5.04M | 3.3% | ADDED | +186.3K |
| 13 | STMICROELECTRONICS N V NY REGISTRY | $211.6M | 6.13M | 3.1% | ADDED | +844.9K |
| 14 | AMRIZE LTD SHS | $210.2M | 3.75M | 3.1% | REDUCED | -2,106,172 |
| 15 | FREEPORT MCMORAN INC CL B | $203.9M | 3.47M | 3.0% | REDUCED | -1,686,100 |
| 16 | TRANSOCEAN LTD REGISTERED SHS | $199.3M | 30.06M | 3.0% | NEW | — |
| 17 | DELTA AIR LINES INC COM NEW | $197.2M | 2.97M | 2.9% | ADDED | +39.5K |
| 18 | UNION PAC CORP COM | $177.8M | 732.8K | 2.6% | REDUCED | -17,400 |
| 19 | CLEVELAND-CLIFFS INC NEW COM | $162.6M | 19.24M | 2.4% | REDUCED | -3,172,300 |
| 20 | AERCAP HOLDINGS NV SHS | $133.7M | 974.5K | 2.0% | ADDED | +36.4K |
| 21 | INTERNATIONAL PAPER CO COM | $120.7M | 3.38M | 1.8% | ADDED | +802.6K |
| 22 | SAIA INC COM | $108.2M | 308.0K | 1.6% | NEW | — |
| 23 | GE VERNOVA INC COM | $101.7M | 116.6K | 1.5% | REDUCED | -2,600 |
| 24 | JAMES HARDIE INDS PLC ORD SHS | $101.6M | 5.36M | 1.5% | —HELD | 0 |
| 25 | TWILIO INC CL A | $93.5M | 742.8K | 1.4% | REDUCED | -819,790 |
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 15, 2026