CIK 1608904
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 |
|---|---|---|
| Construction Materials | 27.47% | 3 |
| Oil, Gas & Consumable Fuels | 18.22% | 2 |
| Utilities | 15.50% | 3 |
| Chemicals | 14.68% | 2 |
| Metals & Mining | 10.68% | 2 |
| Paper & Forest Products | 5.40% | 1 |
| Technology Hardware & Equipment | 3.33% | 1 |
| Unclassified | 2.01% | 1 |
| Machinery | 1.39% | 1 |
| Semiconductors & Semiconductor Equipment | 1.33% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CMP | COMPASS MINERALS INTERNATIONAL INC | Materials | 25.59% |
| 2 | LIN | LINDE PLC | Materials | 12.38% |
| 3 | RRC | RANGE RESOURCES CORP | Energy | 10.08% |
| 4 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 9.71% |
| 5 | IE | Ivanhoe Electric Inc. | Materials | 8.18% |
| 6 | AR | ANTERO RESOURCES Corp | Energy | 8.14% |
| 7 | WFG | WEST FRASER TIMBER CO., LTD | Materials | 5.40% |
| 8 | WMB | WILLIAMS COMPANIES, INC. | Utilities | 3.73% |
| 9 | NRGV | Energy Vault Holdings, Inc. | Information Technology | 3.33% |
| 10 | CCJ | CAMECO CORP | Materials | 2.50% |
16/17 names classified · sector 98.0% of weight · industry 98.0% · mkt cap 86.9%; 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: 98.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 73.9% of book weight (10/17 names) · unclassified 26.1%: EPD, WFG, NRGV, CCJ, NTR, MTAL.U, SQM. 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 | CMPCOMPASS MINERALS INTL INC | 4,825,611 | $113M | 25.6% | TRIM −11% |
| 2 | LINLINDE PLC | 109,958 | $55M | 12.4% | ADD 5% |
| 3 | RRCRANGE RES CORP | 982,031 | $44M | 10.1% | TRIM −6% |
| 4 | EPDENTERPRISE PRODS PARTNERS L | 1,129,954 | $43M | 9.7% | HOLD |
| 5 | IEIVANHOE ELECTRIC INC | 3,048,474 | $36M | 8.2% | TRIM −19% |
| 6 | ARANTERO RESOURCES CORP | 844,266 | $36M | 8.1% | TRIM −3% |
| 7 | WFGWEST FRASER TIMBER CO LTD | 261,199 | $24M | 5.4% | NEW |
| 8 | WMBWILLIAMS COS INC | 225,779 | $16M | 3.7% | HOLD |
| 9 | NRGVENERGY VAULT HOLDINGS INC | 4,445,017 | $15M | 3.3% | TRIM −10% |
| 10 | CCJCAMECO CORP | 72,835 | $11M | 2.5% | TRIM −27% |
| 11 | NTRNUTRIEN LTD | 133,973 | $10M | 2.3% | TRIM −22% |
| 12 | CEGCONSTELLATION ENERGY CORP | 32,360 | $9M | 2.1% | ADD 47% |
| 13 | MTAL.UMETALS ACQUISITION CORP II | 875,000 | $9M | 2.0% | NEW |
| 14 | MTRNMATERION CORP | 42,322 | $6M | 1.4% | HOLD |
| 15 | HUBBHUBBELL INC | 11,960 | $6M | 1.3% | HOLD |
| 16 | MLMMARTIN MARIETTA MATLS INC | 7,620 | $4M | 1.0% | HOLD |
| 17 | SQMSOCIEDAD QUIMICA Y MINERA DE | 46,427 | $4M | 0.9% | TRIM −33% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CMPCOMPASS MINERALS INTL INC | 5.4M | 6.2M | 5.6M | 5.1M | 5.4M | 4.8M | $113M |
| LINLINDE PLC | 62K | 54K | 66K | 72K | 104K | 110K | $55M |
| RRCRANGE RES CORP | 1.1M | 861K | 651K | 959K | 1.0M | 982K | $44M |
| EPDENTERPRISE PRODS PARTNERS L | 600K | 453K | 926K | 969K | 1.2M | 1.1M | $43M |
| IEIVANHOE ELECTRIC INC | 5.5M | 6.6M | 6.2M | 5.2M | 3.8M | 3.0M | $36M |
| ARANTERO RESOURCES CORP | 889K | 627K | 312K | 543K | 869K | 844K | $36M |
| WFGWEST FRASER TIMBER CO LTD | — | — | — | — | — | 261K | $24M |
| WMBWILLIAMS COS INC | 309K | 236K | 220K | 198K | 229K | 226K | $16M |
| NRGVENERGY VAULT HOLDINGS INC | 8.2M | 8.2M | 8.2M | 6.9M | 4.9M | 4.4M | $15M |
| CCJCAMECO CORP | 195K | 268K | 267K | 163K | 100K | 73K | $11M |
| NTRNUTRIEN LTD | 145K | 135K | 69K | 69K | 172K | 134K | $10M |
| CEGCONSTELLATION ENERGY CORP | — | — | 25K | 25K | 22K | 32K | $9M |
| MTAL/UMETALS ACQUISITION CORP II | — | — | — | — | — | 875K | $9M |
| MTRNMATERION CORP | — | — | 53K | 53K | 42K | 42K | $6M |
| HUBBHUBBELL INC | — | — | 10K | 10K | 12K | 12K | $6M |
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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