Location: San Francisco, CA
CIK: 0001323414 · Show all filings
Period: Q4 2024 (← Previous) (Next →)
Filing Date: Feb 7, 2025
Total Value: $1.466B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| TPL | TEXAS PACIFIC LAND CORP | 165,000 | $182M | 12.5% | $1105.96 * | $150.95 | +168.9% | COM | 88262P102 |
| OVV | OVINTIV INC | 1,515,000 | $114M | 7.8% | $75.28 * | $38.68 | +7.7% | COM | 69047Q102 |
| NTR | NUTRIEN LTD | 815,000 | $108M | 7.4% | $132.64 * | $44.42 | +3.5% | COM | 67077M108 |
| LMT | LOCKHEED MARTIN CORP | 153,000 | $89.28M | 6.1% | $583.56 * | $391.55 | +34.6% | COM | 539830109 |
| FCX | FREEPORT-MCMORAN INC | 2,170,000 | $82.63M | 5.6% | $38.08 * | $24.83 | +77.4% | CL B | 35671D857 |
| COST | COSTCO WHSL CORP NEW | 57,000 | $52.23M | 3.6% | $916.27 | $164.66 | +460.3% | COM NEW | 22160K105 |
| AVGO | BROADCOM INC | 220,000 | $51M | 3.5% | $231.84 * | $145.25 | +25.9% | COM | 11135F101 |
| PLTR | PALANTIR TECHNOLOGIES INC | 135,000 | $43.83M | 3.0% | $324.70 * | $17.52 | +232.5% | CL A | 69608A108 |
| LEN | LENNAR CORP | 60,000 | $27.41M | 1.9% | $456.81 * | $57.61 | +177.2% | CL A | 526057104 |
| CCJ | CAMECO CORP | 500,000 | $25.7M | 1.8% | $51.39 * | $16.96 | +220.2% | COM | 13321L108 |
| CVX | CHEVRON CORP | 175,000 | $25.35M | 1.7% | $144.84 | $92.69 | +57.0% | COM NEW | 166764100 |
| META | META PLATFORMS INC | 180,000 | $24.93M | 1.7% | $138.49 * | $125.21 | +367.0% | CL A | 30303M102 |
| NVDA | NVIDIA CORP | 335,000 | $21.65M | 1.5% | $64.61 * | $92.21 | +49.4% | COM | 67066G104 |
| WSM | WILLIAMS SONOMA INC | 110,000 | $20.37M | 1.4% | $185.18 * | $79.40 | +96.7% | COM | 969904101 |
| AFRM | AFFIRM HLDGS INC | 315,000 | $19.18M | 1.3% | $60.90 * | $65.49 | -15.1% | COM CL A | 00827B106 |
| XOM | EXXON MOBIL CORP | 175,000 | $18.82M | 1.3% | $107.57 * | $59.31 | +89.4% | COM | 30231G102 |
| SCHW | SCHWAB CHARLES CORP | 110,000 | $17.96M | 1.2% | $163.28 * | $32.40 | +127.9% | COM NEW | 808513105 |
| COP | CONOCOPHILLIPS | 175,000 | $17.35M | 1.2% | $99.17 * | $56.39 | +81.4% | COM | 20825C104 |
| ADSK | AUTODESK INC | 58,000 | $17.14M | 1.2% | $295.57 | $131.43 | +124.8% | COM | 052769106 |
| ESS | ESSEX PPTY TR INC | 60,000 | $17.13M | 1.2% | $285.44 | $159.99 | +76.4% | COM | 297178105 |
| KIM | KIMCO RLTY CORP | 125,000 | $17.05M | 1.2% | $136.37 * | $12.51 | +83.3% | COM | 49446R109 |
| APD | AIR PRODS & CHEMS INC | 58,000 | $16.82M | 1.1% | $290.04 * | $116.92 | +160.0% | COM | 009158106 |
| V | VISA INC | 53,000 | $16.75M | 1.1% | $316.04 * | $191.74 | +55.6% | COM CL A | 92826C839 |
| FDX | FEDEX CORP | 59,000 | $16.6M | 1.1% | $281.33 * | $135.42 | +100.6% | COM | 31428X106 |
| ITW | ILLINOIS TOOL WKS INC | 63,000 | $15.97M | 1.1% | $253.56 | $91.22 | +182.1% | COM | 452308109 |
| PSX | PHILLIPS 66 | 150,000 | $15.86M | 1.1% | $105.70 * | $88.19 | +38.4% | COM | 718546104 |
| AMGN | AMGEN INC | 58,000 | $15.12M | 1.0% | $260.64 * | $138.87 | +106.0% | COM | 031162100 |
| MS | MORGAN STANLEY | 460,000 | $14.87M | 1.0% | $32.34 * | $84.10 | +42.1% | COM NEW | 617446448 |
| REG | REGENCY CTRS CORP | 250,000 | $14.7M | 1.0% | $58.81 * | $55.47 | +25.7% | COM | 758849103 |
| CNQ | CANADIAN NAT RES LTD | 450,000 | $13.89M | 0.9% | $30.87 * | $26.50 | +22.6% | COM | 136385101 |
| R | RYDER SYS INC | 180,000 | $13.74M | 0.9% | $76.31 * | $118.75 | +31.6% | COM | 783549108 |
| DLR | DIGITAL RLTY TR INC | 75,000 | $13.3M | 0.9% | $177.33 * | $55.63 | +207.8% | COM | 253868103 |
| UBER | UBER TECHNOLOGIES INC | 220,000 | $13.27M | 0.9% | $60.32 * | $36.22 | +97.1% | COM | 90353T100 |
| CSR | CENTERSPACE | 200,000 | $13.23M | 0.9% | $66.15 | $70.64 | — | COM | 15202L107 |
| AVB | AVALONBAY CMNTYS INC | 60,000 | $13.2M | 0.9% | $219.97 | $112.38 | +92.4% | COM | 053484101 |
| DVN | DEVON ENERGY CORPORATION | 400,000 | $13.09M | 0.9% | $32.73 * | $22.53 | +61.7% | COM NEW | 25179M103 |
| AMT | AMERICAN TOWER CORP NEW | 70,000 | $12.84M | 0.9% | $183.41 * | $183.27 | +8.2% | COM | 03027X100 |
| — | VIPER ENERGY INC | 250,000 | $12.27M | 0.8% | $49.07 | $36.69 | — | CL A | 927959106 |
| BHP | BHP BILLITON LTD | 250,000 | $12.21M | 0.8% | $48.83 | $53.76 | — | SPONSORED ADR | 088606108 |
| RIO | RIO TINTO PLC | 75,000 | $11.76M | 0.8% | $156.86 | $54.18 | — | SPONSORED ADR | 767204100 |
| MUR | MURPHY OIL CORP | 100,000 | $11.67M | 0.8% | $116.71 * | $16.73 | +79.7% | COM | 626717102 |
| CP | CANADIAN PACIFIC KANSAS CITY | 155,000 | $11.22M | 0.8% | $72.37 * | $77.51 | -1.4% | COM | 13646K108 |
| FRT | FEDERAL RLTY INVT TR | 100,000 | $11.2M | 0.8% | $111.95 * | $103.82 | +3.0% | SH BEN INT NEW | 313745101 |
| PH | PARKER HANNIFIN CORP | 78,000 | $10.45M | 0.7% | $134.01 * | $228.70 | +186.5% | COM | 701094104 |
| PLD | PROLOGIS INC | 125,000 | $9.241M | 0.6% | $73.93 * | $53.94 | +104.2% | COM | 74340W103 |
| FLR | FLUOR CORP NEW | 185,000 | $9.124M | 0.6% | $49.32 * | $40.67 | +29.6% | COM NEW | 343412102 |
| — | OUTFRONT MEDIA INC | 225,000 | $9.113M | 0.6% | $40.50 | $26.41 | — | COM | 69007J106 |
| A | AGILENT TECHNOLOGIES INC | 64,000 | $8.598M | 0.6% | $134.34 | $55.48 | +145.0% | COM | 00846U101 |
| BIREF | BIRCHCLIFF ENERGY LTD | 2,100,000 | $7.917M | 0.5% | $3.77 * | $4.77 | -23.2% | COM | 090697103 |
| DIS | DISNEY WALT CO | 70,000 | $7.795M | 0.5% | $111.35 * | $94.31 | +9.8% | COM | 254687106 |
| DINO | HF SINCLAIR CORPORATION | 220,000 | $7.711M | 0.5% | $35.05 * | $30.94 | +24.9% | COM | 403949100 |
| IPGP | IPG PHOTONICS CORP | 304,000 | $7.32M | 0.5% | $24.08 * | $77.53 | -0.9% | COM | 44980X109 |
| NUE | NUCOR CORP | 155,000 | $7.296M | 0.5% | $47.07 * | $83.10 | +69.5% | COM | 670346105 |
| OXY/WS | OCCIDENTAL PETROLEUM CORP WARRANT | 400,000 | $7.096M | 0.5% | $17.74 | $14.83 | — | EXP 08/03/2027 | 674599162 |
| BP | BP PLC | 225,000 | $6.651M | 0.5% | $29.56 | $30.86 | — | SPONSORED ADR | 055622104 |
| WYNN | WYNN RESORTS LTD | 70,000 | $6.031M | 0.4% | $86.16 * | $94.08 | -0.8% | COM | 983134107 |
| APA | APA CORPORATION | 250,000 | $5.772M | 0.4% | $23.09 * | $20.29 | +9.1% | COM | 03743Q108 |
| ALB | ALBEMARLE CORP | 65,000 | $5.595M | 0.4% | $86.08 * | $120.68 | -19.4% | COM | 012653101 |
| UDR | UDR INC | 125,000 | $5.426M | 0.4% | $43.41 * | $18.70 | +126.2% | COM | 902653104 |
| STT | STATE STREET CORPORATION | 55,000 | $5.398M | 0.4% | $98.15 * | $55.17 | +65.4% | COM | 857477103 |
| SPG | SIMON PPTY GROUP INC NEW | 500,000 | $5.245M | 0.4% | $10.49 * | $143.10 | +15.7% | COM | 828806109 |
| UMH | UMH PPTYS INC | 250,000 | $4.72M | 0.3% | $18.88 | $13.01 | — | COM | 903002103 |
| HIW | HIGHWOODS PPTYS INC | 150,000 | $4.587M | 0.3% | $30.58 | $40.29 | — | COM | 431284108 |
| BXP | BXP INC (formerly Boston Properties, Inc.) | 60,000 | $4.462M | 0.3% | $74.36 * | $69.41 | +9.9% | COM | 101121101 |
| INTC | INTEL CORP | 60,000 | $4.363M | 0.3% | $72.72 * | $45.21 | -50.1% | COM | 458140100 |
| WY | WEYERHAEUSER CO | 150,000 | $4.223M | 0.3% | $28.15 * | $21.45 | +40.2% | COM | 962166104 |
| VNO | VORNADO RLTY TR | 100,000 | $4.204M | 0.3% | $42.04 | $40.12 | — | SH BEN INT | 929042109 |
| VALE | VALE SA | 400,000 | $3.548M | 0.2% | $8.87 | $9.78 | — | ADR | 91912E105 |
| OXY | OCCIDENTAL PETE CORP | 100,000 | $2.755M | 0.2% | $27.55 * | $29.42 | +67.4% | COM | 674599105 |
| ALEX | ALEXANDER & BALDWIN INC | 125,000 | $2.217M | 0.2% | $17.74 | $34.70 | — | COM NEW | 014491104 |
| SOUHY | SOUTH32 LTD | 45,000 | $1.522M | 0.1% | $33.82 | $7.29 | — | ADR | 84473L105 |