CIK 1808029
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 |
|---|---|---|
| Metals & Mining | 42.28% | 6 |
| Oil, Gas & Consumable Fuels | 33.55% | 4 |
| Construction Materials | 13.17% | 2 |
| Chemicals | 11.00% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AA | Alcoa Corp | Materials | 11.23% |
| 2 | CVX | CHEVRON CORP | Energy | 10.99% |
| 3 | AEM | AGNICO EAGLE MINES LTD | Materials | 10.13% |
| 4 | FCX | FREEPORT-MCMORAN INC | Materials | 9.53% |
| 5 | DVN | DEVON ENERGY CORP/DE | Energy | 8.67% |
| 6 | SLB | SLB LIMITED/NV | Energy | 8.63% |
| 7 | TECK | TECK RESOURCES LTD | Materials | 7.72% |
| 8 | NTR | NUTRIEN LTD | Materials | 7.33% |
| 9 | CENX | CENTURY ALUMINUM CO | Materials | 5.84% |
| 10 | MLM | MARTIN MARIETTA MATERIALS INC | Materials | 5.45% |
14/14 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 78.8%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 69.3% of book weight (9/14 names) · unclassified 30.7%: AEM, TECK, NTR, CCJ, NXE. 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 | AAAlcoa Upstream Corp. | 478,526 | $32M | 11.2% | TRIM −55% |
| 2 | CVXCHEVRON CORP NEW | 150,166 | $31M | 11.0% | NEW |
| 3 | AEMAGNICO EAGLE MINES LTD | 141,052 | $29M | 10.1% | NEW |
| 4 | FCXFREEPORT MCMORAN INC | 458,532 | $27M | 9.5% | TRIM −65% |
| 5 | DVNDEVON ENERGY CORP NEW | 487,349 | $25M | 8.7% | NEW |
| 6 | SLBSCHLUMBERGER LTD | 475,000 | $24M | 8.6% | NEW |
| 7 | TECKTECK RESOURCES LTD | 421,602 | $22M | 7.7% | TRIM −5% |
| 8 | NTRNUTRIEN LTD | 274,543 | $21M | 7.3% | NEW |
| 9 | CENXCENTURY ALUM CO | 281,092 | $16M | 5.8% | TRIM −10% |
| 10 | MLMMARTIN MARIETTA MATLS INC | 26,170 | $15M | 5.4% | TRIM −18% |
| 11 | FANGDIAMONDBACK ENERGY INC | 75,070 | $15M | 5.3% | NEW |
| 12 | CCJCAMECO CORP | 96,896 | $11M | 3.7% | NEW |
| 13 | DDDUPONT DE NEMOURS INC | 226,912 | $10M | 3.7% | TRIM −81% |
| 14 | NXENEXGEN ENERGY LTD | 447,407 | $5M | 1.8% | TRIM −23% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AAAlcoa Upstream Corp. | 520K | — | 1.5M | 930K | 1.1M | 479K | $32M |
| CVXCHEVRON CORP NEW | 100K | 96K | — | — | — | 150K | $31M |
| AEMAGNICO EAGLE MINES LTD | 115K | — | 166K | — | — | 141K | $29M |
| FCXFREEPORT MCMORAN INC | — | 1.1M | 1.1M | 950K | 1.3M | 459K | $27M |
| DVNDEVON ENERGY CORP NEW | — | — | — | — | — | 487K | $25M |
| SLBSCHLUMBERGER LTD | — | — | — | — | — | 475K | $24M |
| TECKTECK RESOURCES LTD | 475K | 243K | 323K | 880K | 446K | 422K | $22M |
| NTRNUTRIEN LTD | — | — | — | — | — | 275K | $21M |
| CENXCENTURY ALUM CO | — | — | — | — | 313K | 281K | $16M |
| MLMMARTIN MARIETTA MATLS INC | — | — | — | — | 32K | 26K | $15M |
| FANGDIAMONDBACK ENERGY INC | — | — | — | — | — | 75K | $15M |
| CCJCAMECO CORP | 93K | — | 349K | 267K | — | 97K | $11M |
| DDDUPONT DE NEMOURS INC | — | 339K | 704K | 651K | 1.2M | 227K | $10M |
| NXENEXGEN ENERGY LTD | — | — | 938K | 556K | 579K | 447K | $5M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
