CIK 1979670
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 | 95.83% | 14 |
| Unclassified | 2.75% | 3 |
| Utilities | 1.18% | 1 |
| Chemicals | 0.25% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CRGY | Crescent Energy Co | Energy | 85.97% |
| 2 | SOC | Sable Offshore Corp. | Energy | 2.81% |
| 3 | TGS | GAS TRANSPORTER OF THE SOUTH INC | Utilities | 1.18% |
| 4 | XOP | SPDR SERIES TRUST | Unclassified | 1.16% |
| 5 | SM | SM Energy Co | Energy | 0.99% |
| 6 | YPF | YPF SOCIEDAD ANONIMA | Energy | 0.98% |
| 7 | GUSH | DIREXION SHS ETF TR | Unclassified | 0.94% |
| 8 | VIST | Vista Energy, S.A.B. de C.V. | Energy | 0.80% |
| 9 | EXE | EXPAND ENERGY Corp | Energy | 0.70% |
| 10 | PR | Permian Resources Corp | Energy | 0.68% |
16/19 names classified · sector 97.3% of weight · industry 97.3% · mkt cap 94.1%; 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: 97.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 5% of book weight classified — the grid is NOT representative of the whole book.
Classified: 5.3% of book weight (10/19 names) · unclassified 94.7%: CRGY, SOC, TGS, XOP, YPF, GUSH, VIST, XLE, CNQ. 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 | CRGYCRESCENT ENERGY COMPANY | 2,990,321 | $40M | 86.0% | ADD 37% |
| 2 | SOCSABLE OFFSHORE CORP | 80,000 | $1M | 2.8% | HOLD |
| 3 | TGSTRANSPORTADORA DE GAS SUR | 16,000 | $553,760 | 1.2% | NEW |
| 4 | XOPSPDR SERIES TRUST | 3,000 | $545,490 | 1.2% | NEW |
| 5 | SMSM ENERGY CO | 15,000 | $467,700 | 1.0% | NEW |
| 6 | YPFYPF SOCIEDAD ANONIMA | 10,000 | $462,200 | 1.0% | NEW |
| 7 | GUSHDIREXION SHS ETF TR | 10,000 | $442,200 | 0.9% | NEW |
| 8 | VISTVISTA ENERGY S.A.B. DE C.V. | 5,000 | $377,350 | 0.8% | NEW |
| 9 | EXEEXPAND ENERGY CORPORATION | 3,000 | $329,340 | 0.7% | TRIM −59% |
| 10 | PRPERMIAN RESOURCES CORP | 15,000 | $319,800 | 0.7% | ADD 50% |
| 11 | XLESELECT SECTOR SPDR TR | 5,000 | $306,300 | 0.7% | NEW |
| 12 | EQTEQT CORP | 4,500 | $286,380 | 0.6% | TRIM −70% |
| 13 | DVNDEVON ENERGY CORP NEW | 5,000 | $251,600 | 0.5% | NEW |
| 14 | ARANTERO RESOURCES CORP | 5,000 | $212,200 | 0.5% | TRIM −62% |
| 15 | MURMURPHY OIL CORP | 5,000 | $206,250 | 0.4% | TRIM −50% |
| 16 | FANGDIAMONDBACK ENERGY INC | 1,000 | $197,790 | 0.4% | NEW |
| 17 | WLKWESTLAKE CORPORATION | 1,000 | $116,820 | 0.2% | NEW |
| 18 | PTENPATTERSON-UTI ENERGY INC | 10,000 | $108,300 | 0.2% | NEW |
| 19 | CNQCANADIAN NAT RES LTD | 2,000 | $97,460 | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CRGYCRESCENT ENERGY COMPANY | 44K | 34K | 15K | 40K | 2.2M | 3.0M | $40M |
| SOCSABLE OFFSHORE CORP | 18K | 30K | 22K | 33K | 80K | 80K | $1M |
| TGSTRANSPORTADORA DE GAS SUR | — | — | — | — | — | 16K | $553,760 |
| XOPSPDR SERIES TRUST | 10K | — | — | — | — | 3K | $545,490 |
| SMSM ENERGY CO | — | — | — | — | — | 15K | $467,700 |
| YPFYPF SOCIEDAD ANONIMA | — | — | — | — | — | 10K | $462,200 |
| GUSHDIREXION SHS ETF TR | 130 | — | — | — | — | 10K | $442,200 |
| VISTVISTA ENERGY S.A.B. DE C.V. | — | — | — | — | — | 5K | $377,350 |
| EXEEXPAND ENERGY CORPORATION | — | 6K | 6K | 8K | 7K | 3K | $329,340 |
| PRPERMIAN RESOURCES CORP | 60K | — | 10K | 10K | 10K | 15K | $319,800 |
| XLESELECT SECTOR SPDR TR | — | — | — | — | — | 5K | $306,300 |
| EQTEQT CORP | 10K | 13K | 12K | 16K | 15K | 5K | $286,380 |
| DVNDEVON ENERGY CORP NEW | — | — | — | — | — | 5K | $251,600 |
| ARANTERO RESOURCES CORP | — | — | — | 15K | 13K | 5K | $212,200 |
| MURMURPHY OIL CORP | — | — | — | — | 10K | 5K | $206,250 |
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.
