CIK 2077058
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 | 47.38% | 10 |
| Road & Rail | 19.28% | 3 |
| Airlines | 11.08% | 4 |
| Chemicals | 8.10% | 5 |
| Machinery | 6.34% | 5 |
| Construction & Engineering | 2.35% | 1 |
| Automobiles & Components | 1.47% | 2 |
| Paper & Forest Products | 1.09% | 1 |
| Metals & Mining | 0.96% | 1 |
| Electrical Equipment & Components | 0.82% | 1 |
| Construction Materials | 0.45% | 1 |
| Coal & Consumable Fuels | 0.39% | 2 |
| Transportation Infrastructure | 0.28% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CNQ | CANADIAN NATURAL RESOURCES LTD | Energy | 11.37% |
| 2 | TFII | TFI INTERNATIONAL INC | Industrials | 10.94% |
| 3 | FANG | Diamondback Energy, Inc. | Energy | 10.19% |
| 4 | SHEL | SHELL PLC | Energy | 9.10% |
| 5 | ALGT | Allegiant Travel CO | Industrials | 7.54% |
| 6 | LSTR | LANDSTAR SYSTEM INC | Industrials | 7.51% |
| 7 | COP | CONOCOPHILLIPS | Energy | 5.20% |
| 8 | CVX | CHEVRON CORP | Energy | 4.94% |
| 9 | CC | Chemours Co | Materials | 4.15% |
| 10 | EOG | EOG RESOURCES INC | Energy | 2.51% |
37/37 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 66.4%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 62.0% of book weight (29/37 names) · unclassified 38.0%: CNQ, TFII, SHEL, FLR, NESR, E, B, HESM. 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 | CNQCANADIAN NAT RES LTD | 913,300 | $45M | 11.4% | NEW |
| 2 | TFIITFI INTL INC | 394,372 | $43M | 10.9% | NEW |
| 3 | FANGDIAMONDBACK ENERGY INC | 201,700 | $40M | 10.2% | NEW |
| 4 | SHELSHELL PLC | 383,300 | $36M | 9.1% | NEW |
| 5 | ALGTALLEGIANT TRAVEL CO | 364,159 | $30M | 7.5% | ADD 2296% |
| 6 | LSTRLANDSTAR SYS INC | 183,500 | $29M | 7.5% | NEW |
| 7 | COPCONOCOPHILLIPS | 154,165 | $20M | 5.2% | ADD 43% |
| 8 | CVXCHEVRON CORP NEW | 93,500 | $19M | 4.9% | NEW |
| 9 | CCCHEMOURS CO | 736,800 | $16M | 4.1% | NEW |
| 10 | EOGEOG RES INC | 67,900 | $10M | 2.5% | NEW |
| 11 | FLRFLUOR CORP NEW | 197,400 | $9M | 2.4% | NEW |
| 12 | CARRCARRIER GLOBAL CORPORATION | 163,400 | $9M | 2.3% | ADD 262% |
| 13 | ALKAlaska Air Group, Inc. | 162,900 | $6M | 1.5% | NEW |
| 14 | LYBLYONDELLBASELL INDUSTRIES N | 64,527 | $5M | 1.3% | TRIM −41% |
| 15 | BKRBAKER HUGHES COMPANY | 84,300 | $5M | 1.3% | TRIM −67% |
| 16 | NESRNATIONAL ENERGY SERVICES REU | 220,800 | $5M | 1.2% | NEW |
| 17 | EENI S P A | 81,900 | $5M | 1.2% | NEW |
| 18 | FDXFEDEX CORP | 12,000 | $4M | 1.1% | NEW |
| 19 | IPINTERNATIONAL PAPER CO | 119,600 | $4M | 1.1% | ADD 134% |
| 20 | AGCOAGCO CORP | 36,500 | $4M | 1.1% | NEW |
| 21 | AXTAAXALTA COATING SYS LTD | 152,100 | $4M | 1.1% | NEW |
| 22 | DEDEERE & CO | 7,320 | $4M | 1.1% | NEW |
| 23 | BBARRICK MNG CORP | 91,700 | $4M | 1.0% | NEW |
| 24 | TSLATESLA INC | 10,000 | $4M | 0.9% | ADD 355% |
| 25 | LUVSOUTHWEST AIRLS CO | 96,500 | $4M | 0.9% | NEW |
| 26 | HESMHESS MIDSTREAM LP | 88,400 | $3M | 0.9% | NEW |
| 27 | KNXKNIGHT-SWIFT TRANSN HLDGS IN | 55,900 | $3M | 0.8% | NEW |
| 28 | EMREMERSON ELEC CO | 24,500 | $3M | 0.8% | NEW |
| 29 | ECLECOLAB INC | 11,960 | $3M | 0.8% | ADD 115% |
| 30 | SLBSCHLUMBERGER LTD | 61,100 | $3M | 0.8% | NEW |
| 31 | CFCF INDS HLDGS INC | 22,400 | $3M | 0.7% | NEW |
| 32 | JCIJOHNSON CONTROLS INTERNATION | 16,300 | $2M | 0.5% | NEW |
| 33 | ATMUATMUS FILTRATION TECHNOLOGIE | 35,900 | $2M | 0.5% | NEW |
| 34 | CRHCRH PLC | 16,926 | $2M | 0.5% | NEW |
| 35 | XPOXPO INC | 5,700 | $1M | 0.3% | NEW |
| 36 | AMRALPHA METALLURGICAL RESOUR I | 5,000 | $1M | 0.3% | ADD 32% |
| 37 | CNRCORE NATURAL RESOURCES INC | 4,735 | $495,897 | 0.1% | ADD 13% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CNQCANADIAN NAT RES LTD | — | — | — | — | — | 913K | $45M |
| TFIITFI INTL INC | — | — | — | — | — | 394K | $43M |
| FANGDIAMONDBACK ENERGY INC | — | — | — | — | — | 202K | $40M |
| SHELSHELL PLC | — | — | — | — | — | 383K | $36M |
| ALGTALLEGIANT TRAVEL CO | — | — | — | — | 15K | 364K | $30M |
| LSTRLANDSTAR SYS INC | — | — | — | — | — | 184K | $29M |
| COPCONOCOPHILLIPS | — | — | — | — | 108K | 154K | $20M |
| CVXCHEVRON CORP NEW | — | — | — | — | — | 94K | $19M |
| CCCHEMOURS CO | — | — | — | — | — | 737K | $16M |
| EOGEOG RES INC | — | — | — | — | — | 68K | $10M |
| FLRFLUOR CORP NEW | — | — | — | — | — | 197K | $9M |
| CARRCARRIER GLOBAL CORPORATION | — | — | — | — | 45K | 163K | $9M |
| ALKAlaska Air Group, Inc. | — | — | — | — | — | 163K | $6M |
| LYBLYONDELLBASELL INDUSTRIES N | — | — | — | — | 109K | 65K | $5M |
| BKRBAKER HUGHES COMPANY | — | — | — | — | 259K | 84K | $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.
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