CIK 1438258
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 | 41.81% | 9 |
| Marine | 26.52% | 11 |
| Unclassified | 13.62% | 8 |
| Machinery | 6.94% | 2 |
| Metals & Mining | 5.08% | 5 |
| Food Products | 3.28% | 2 |
| Utilities | 1.63% | 1 |
| Coal & Consumable Fuels | 1.12% | 4 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TNK | TEEKAY TANKERS LTD. | Industrials | 11.89% |
| 2 | EXE | EXPAND ENERGY Corp | Energy | 10.47% |
| 3 | AR | ANTERO RESOURCES Corp | Energy | 8.76% |
| 4 | SDRL | SEADRILL Ltd | Energy | 7.27% |
| 5 | CMBT | CMB.TECH NV | Unclassified | 6.08% |
| 6 | GNK | GENCO SHIPPING & TRADING LTD | Industrials | 5.56% |
| 7 | HAL | HALLIBURTON CO | Energy | 5.33% |
| 8 | ECO | OKEANIS ECO TANKERS COR | Unclassified | 4.84% |
| 9 | SLB | SLB LIMITED/NV | Energy | 4.41% |
| 10 | BKR | Baker Hughes Co | Industrials | 4.12% |
34/42 names classified · sector 86.4% of weight · industry 86.4% · mkt cap 68.4%; 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: 86.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 55.9% of book weight (22/42 names) · unclassified 44.1%: TNK, SDRL, CMBT, ECO, CMDB, NESR, STNG, FRO, GLNG, CLF +10 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 | TNKTEEKAY TANKERS LTD | 190,592 | $14M | 11.9% | ADD 418% |
| 2 | EXEEXPAND ENERGY CORPORATION | 112,127 | $12M | 10.5% | ADD 111% |
| 3 | ARANTERO RESOURCES CORP | 242,700 | $10M | 8.8% | NEW |
| 4 | SDRLSEADRILL LTD | 187,850 | $9M | 7.3% | ADD 79% |
| 5 | CMBTCMB.TECH NV | 564,868 | $7M | 6.1% | TRIM −43% |
| 6 | GNKGENCO SHIPPING & TRADING LTD | 289,830 | $7M | 5.6% | TRIM −48% |
| 7 | HALHALLIBURTON CO | 160,545 | $6M | 5.3% | ADD 96% |
| 8 | ECOOKEANIS ECO TANKERS COR | 112,371 | $6M | 4.8% | NEW |
| 9 | SLBSCHLUMBERGER LTD | 100,960 | $5M | 4.4% | TRIM −63% |
| 10 | BKRBAKER HUGHES COMPANY | 79,304 | $5M | 4.1% | NEW |
| 11 | CMDBCOSTAMARE BULKERS HLDGS LTD | 255,677 | $4M | 3.4% | ADD 25% |
| 12 | NESRNATIONAL ENERGY SERVICES REU | 162,400 | $3M | 3.0% | TRIM −77% |
| 13 | WFRDWEATHERFORD INTL PLC | 35,100 | $3M | 2.8% | HOLD |
| 14 | STNGSCORPIO TANKERS INC | 29,864 | $2M | 1.9% | TRIM −54% |
| 15 | BGBUNGE GLOBAL SA | 15,214 | $2M | 1.6% | ADD 155% |
| 16 | ADMARCHER DANIELS MIDLAND CO | 26,360 | $2M | 1.6% | ADD 188% |
| 17 | LNGCheniere Energy, Inc | 6,751 | $2M | 1.6% | NEW |
| 18 | STLDSTEEL DYNAMICS INC | 10,289 | $2M | 1.6% | ADD 185% |
| 19 | NUENUCOR CORP | 10,673 | $2M | 1.5% | ADD 185% |
| 20 | INSWINTERNATIONAL SEAWAYS INC | 19,354 | $1M | 1.2% | NEW |
| 21 | VLOVALERO ENERGY CORP | 4,787 | $1M | 1.0% | NEW |
| 22 | MPCMARATHON PETE CORP | 4,654 | $1M | 1.0% | NEW |
| 23 | FROFrontline, LTD. | 28,807 | $1M | 0.9% | NEW |
| 24 | GLNGGOLAR LNG LTD BERMUDA | 18,239 | $986,912 | 0.8% | NEW |
| 25 | LPGDORIAN LPG LTD | 27,585 | $943,407 | 0.8% | ADD 5% |
| 26 | CLFCLEVELAND-CLIFFS INC NEW | 97,584 | $824,585 | 0.7% | ADD 82% |
| 27 | AAAlcoa Upstream Corp. | 11,271 | $747,605 | 0.6% | TRIM −41% |
| 28 | CENXCENTURY ALUM CO | 12,553 | $736,736 | 0.6% | TRIM −52% |
| 29 | PBFPBF ENERGY INC | 15,169 | $722,348 | 0.6% | NEW |
| 30 | TRMDTORM PLC | 23,061 | $643,402 | 0.5% | TRIM −50% |
| 31 | NVGSNAVIGATOR HLDGS LTD | 32,296 | $624,282 | 0.5% | NEW |
| 32 | CNRCORE NATURAL RESOURCES INC | 5,713 | $598,322 | 0.5% | TRIM −43% |
| 33 | BTUPEABODY ENERGY CORP | 17,170 | $565,752 | 0.5% | NEW |
| 34 | TENTSAKOS ENERGY NAVIGATION LTD | 13,048 | $514,874 | 0.4% | NEW |
| 35 | BWLPBW LPG LTD | 23,601 | $409,949 | 0.3% | TRIM −19% |
| 36 | HAFNHAFNIA LTD | 48,324 | $367,262 | 0.3% | TRIM −90% |
| 37 | ASCARDMORE SHIPPING CORP | 23,353 | $356,133 | 0.3% | NEW |
| 38 | GASSSTEALTHGAS INC | 26,173 | $240,268 | 0.2% | NEW |
| 39 | FLNGFLEX LNG LTD | 4,399 | $130,694 | 0.1% | TRIM −97% |
| 40 | AMRALPHA METALLURGICAL RESOUR I | 401 | $82,313 | 0.1% | TRIM −91% |
| 41 | METCRAMACO RES INC | 4,548 | $70,312 | 0.1% | TRIM −74% |
| 42 | SBSAFE BULKERS INC | 4,077 | $25,807 | 0.0% | TRIM −99% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TNKTEEKAY TANKERS LTD | — | — | — | — | 37K | 191K | $14M |
| EXEEXPAND ENERGY CORPORATION | — | — | — | — | 53K | 112K | $12M |
| ARANTERO RESOURCES CORP | — | — | — | — | — | 243K | $10M |
| SDRLSEADRILL LTD | — | — | — | — | 105K | 188K | $9M |
| CMBTCMB.TECH NV | — | — | — | — | 998K | 565K | $7M |
| GNKGENCO SHIPPING & TRADING LTD | — | — | — | — | 560K | 290K | $7M |
| HALHALLIBURTON CO | — | — | — | — | 82K | 161K | $6M |
| ECOOKEANIS ECO TANKERS COR | — | — | — | — | — | 112K | $6M |
| SLBSCHLUMBERGER LTD | — | — | — | — | 272K | 101K | $5M |
| BKRBAKER HUGHES COMPANY | — | — | — | — | — | 79K | $5M |
| CMDBCOSTAMARE BULKERS HLDGS LTD | — | — | — | — | 205K | 256K | $4M |
| NESRNATIONAL ENERGY SERVICES REU | — | — | — | — | 696K | 162K | $3M |
| WFRDWEATHERFORD INTL PLC | — | — | — | — | 35K | 35K | $3M |
| STNGSCORPIO TANKERS INC | — | — | — | — | 64K | 30K | $2M |
| BGBUNGE GLOBAL SA | — | — | — | — | 6K | 15K | $2M |
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.
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