CIK 1426876
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Oil, Gas & Consumable Fuels | 41.95% | 12 |
| Metals & Mining | 17.55% | 10 |
| Coal & Consumable Fuels | 11.95% | 3 |
| Unclassified | 7.99% | 5 |
| Machinery | 4.64% | 2 |
| Chemicals | 4.36% | 2 |
| Banks | 3.64% | 1 |
| Marine | 3.61% | 3 |
| Construction & Engineering | 3.03% | 1 |
| Electrical Equipment & Components | 1.28% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BKV | BKV Corp | Energy | 9.30% |
| 2 | CNR | Core Natural Resources, Inc. | Energy | 8.69% |
| 3 | NESR | National Energy Services Reunited Corp. | Energy | 7.10% |
| 4 | VIST | Vista Energy, S.A.B. de C.V. | Energy | 5.68% |
| 5 | CCJ | CAMECO CORP | Materials | 3.88% |
| 6 | WULF | TERAWULF INC. | Financials | 3.64% |
| 7 | KOS | Kosmos Energy Ltd. | Energy | 3.41% |
| 8 | FLR | FLUOR CORP | Industrials | 3.03% |
| 9 | SEI | Solaris Energy Infrastructure, Inc. | Industrials | 2.90% |
| 10 | CENX | CENTURY ALUMINUM CO | Materials | 2.90% |
35/40 names classified · sector 92.0% of weight · industry 92.0% · mkt cap 71.1%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 92.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 44% of book weight classified — the grid is NOT representative of the whole book.
Classified: 43.8% of book weight (14/40 names) · unclassified 56.2%: NESR, VIST, CCJ, WULF, FLR, SEI, CVE, MEOH, GDX, URG +16 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BKVBKV CORP | 541,689 | $15M | 9.3% | TRIM −2% |
| 2 | CNRCORE NATURAL RESOURCES INC | 137,926 | $14M | 8.7% | ADD 62% |
| 3 | NESRNATIONAL ENERGY SERVICES REU | 549,578 | $12M | 7.1% | TRIM −61% |
| 4 | VISTVISTA ENERGY S.A.B. DE C.V. | 125,000 | $9M | 5.7% | NEW |
| 5 | CCJCAMECO CORP | 59,363 | $6M | 3.9% | TRIM −19% |
| 6 | WULFTERAWULF INC | 418,640 | $6M | 3.6% | ADD 67% |
| 7 | KOSKOSMOS ENERGY LTD | 2,038,788 | $6M | 3.4% | NEW |
| 8 | FLRFLUOR CORP NEW | 108,000 | $5M | 3.0% | NEW |
| 9 | SEISOLARIS ENERGY INFRAS INC | 85,366 | $5M | 2.9% | TRIM −34% |
| 10 | CENXCENTURY ALUM CO | 82,000 | $5M | 2.9% | NEW |
| 11 | PUMPPROPETRO HLDG CORP | 324,369 | $5M | 2.8% | ADD 8% |
| 12 | CVECENOVUS ENERGY INC | 161,548 | $4M | 2.6% | TRIM −2% |
| 13 | OIIOCEANEERING INTL INC | 120,000 | $4M | 2.6% | NEW |
| 14 | MEOHMETHANEX CORP | 70,000 | $4M | 2.5% | NEW |
| 15 | DKDELEK US HLDGS INC NEW | 90,000 | $4M | 2.4% | TRIM −23% |
| 16 | BTUPEABODY ENERGY CORP | 121,959 | $4M | 2.4% | ADD 144% |
| 17 | LBRTLIBERTY ENERGY INC | 133,768 | $4M | 2.3% | NEW |
| 18 | GDXVANECK ETF TRUST GOLD MINERS ETF | 40,000 | $4M | 2.2% | NEW |
| 19 | URGUR-ENERGY INC | 2,375,507 | $4M | 2.1% | NEW |
| 20 | DNNDENISON MINES CORP | 977,106 | $3M | 2.1% | TRIM −30% |
| 21 | CFCF INDS HLDGS INC | 23,667 | $3M | 1.8% | NEW |
| 22 | INVXINNOVEX INTERNATIONAL INC | 118,424 | $3M | 1.7% | ADD 137% |
| 23 | BBARRICK MNG CORP | 68,524 | $3M | 1.7% | ADD 52% |
| 24 | FROFrontline, LTD. | 80,000 | $3M | 1.7% | TRIM −60% |
| 25 | ARISARIS MNG CORP | 150,000 | $3M | 1.7% | NEW |
| 26 | NXENEXGEN ENERGY LTD | 204,656 | $2M | 1.4% | TRIM −49% |
| 27 | BORRBORR DRILLING LTD | 380,110 | $2M | 1.3% | TRIM −73% |
| 28 | GLNGGOLAR LNG LTD BERMUDA | 40,000 | $2M | 1.3% | NEW |
| 29 | FPSForgent Power Solutions Inc | 72,854 | $2M | 1.3% | NEW |
| 30 | PRPERMIAN RESOURCES CORP | 100,000 | $2M | 1.3% | NEW |
| 31 | LPGDORIAN LPG LTD | 60,000 | $2M | 1.2% | NEW |
| 32 | ECOOKEANIS ECO TANKERS COR | 40,000 | $2M | 1.2% | TRIM −45% |
| 33 | HAFNHAFNIA LTD | 265,000 | $2M | 1.2% | NEW |
| 34 | ORLAORLA MNG LTD NEW | 124,178 | $2M | 1.2% | NEW |
| 35 | PBFPBF ENERGY INC | 40,000 | $2M | 1.1% | NEW |
| 36 | NVGSNAVIGATOR HLDGS LTD | 92,000 | $2M | 1.1% | NEW |
| 37 | IAGIAMGOLD CORP | 92,257 | $2M | 1.0% | TRIM −59% |
| 38 | HCCWARRIOR MET COAL INC | 15,000 | $1M | 0.8% | NEW |
| 39 | PPTAPERPETUA RESOURCES CORP | 40,582 | $1M | 0.7% | TRIM −19% |
| 40 | PAASPAN AMERN SILVER CORP | 15,934 | $870,474 | 0.5% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BKVBKV CORP | 242K | 260K | 255K | 280K | 555K | 542K | $15M |
| CNRCORE NATURAL RESOURCES INC | — | 77K | 29K | 60K | 85K | 138K | $14M |
| NESRNATIONAL ENERGY SERVICES REU | 1.2M | 846K | 1.0M | 1.5M | 1.4M | 550K | $12M |
| VISTVISTA ENERGY S.A.B. DE C.V. | — | — | — | — | — | 125K | $9M |
| CCJCAMECO CORP | 100K | 71K | 96K | 68K | 73K | 59K | $6M |
| WULFTERAWULF INC | 650K | — | — | — | 250K | 419K | $6M |
| KOSKOSMOS ENERGY LTD | 625K | — | — | — | — | 2.0M | $6M |
| FLRFLUOR CORP NEW | — | — | — | — | — | 108K | $5M |
| SEISOLARIS ENERGY INFRAS INC | — | 191K | 206K | 139K | 129K | 85K | $5M |
| CENXCENTURY ALUM CO | — | 177K | — | — | — | 82K | $5M |
| PUMPPROPETRO HLDG CORP | — | — | — | — | 300K | 324K | $5M |
| CVECENOVUS ENERGY INC | — | — | 100K | 320K | 165K | 162K | $4M |
| OIIOCEANEERING INTL INC | — | — | — | — | — | 120K | $4M |
| MEOHMETHANEX CORP | — | — | — | — | — | 70K | $4M |
| DKDELEK US HLDGS INC NEW | — | — | — | 150K | 118K | 90K | $4M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
