Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SU	SUNCOR ENERGY INC NEW	1,588,600	$55.54M	8.5%	$20.26	+9.1%	COM	867224107
—	HESS CORP	448,220	$37.15M	5.7%	$81.52	—	COM	42809H107
—	KODIAK OIL & GAS CORP	2,267,500	$27.53M	4.2%	$11.92	—	COM	50015Q100
WMB	WILLIAMS COS INC DEL	635,300	$25.78M	4.0%	$20.92	0.0%	COM	969457100
COP	CONOCOPHILLIPS	355,500	$25.01M	3.8%	$45.41	0.0%	COM	20825C104
EQT	EQT CORP	237,900	$23.07M	3.5%	$43.04	+11.0%	COM	26884L109
—	SUPERIOR ENERGY SVCS INC	727,100	$22.37M	3.4%	$30.76	—	COM	868157108
AEP	AMERICAN ELEC PWR INC	435,300	$22.05M	3.4%	$30.14	+5.6%	COM	025537101
HAL	HALLIBURTON CO	357,000	$21.02M	3.2%	$39.02	+9.7%	COM	406216101
EOG	EOG RES INC	102,200	$20.05M	3.1%	$46.52	+39.3%	COM	26875P101
CNQ	CANADIAN NAT RES LTD	507,700	$19.48M	3.0%	$9.59	+9.3%	COM	136385101
—	WEATHERFORD INTERNATIONAL LT	1,120,500	$19.45M	3.0%	$17.36	—	REG SHS	H27013103
CMS	CMS ENERGY CORP	631,593	$18.49M	2.8%	$19.16	+0.9%	COM	125896100
—	ENCANA CORP	834,800	$17.85M	2.7%	$20.86	—	COM	292505104
—	SOUTHWESTERN ENERGY CO	361,200	$16.62M	2.5%	$46.01	—	COM	845467109
—	ANADARKO PETE CORP	186,170	$15.78M	2.4%	$84.76	—	COM	032511107
SM	SM ENERGY CO	221,260	$15.77M	2.4%	$56.40	+23.2%	COM	78454L100
—	CIMAREX ENERGY CO	124,531	$14.83M	2.3%	$100.44	—	COM	171798101
—	ULTRA PETROLEUM CORP	548,300	$14.74M	2.3%	$26.89	—	COM	903914109
OKE	ONEOK INC NEW	247,300	$14.65M	2.2%	$22.55	+27.1%	COM	682680103
HP	HELMERICH & PAYNE INC	127,600	$13.72M	2.1%	$89.49	+3.9%	COM	423452101
PTEN	PATTERSON UTI ENERGY INC	378,600	$11.99M	1.8%	$27.81	0.0%	COM	703481101
—	PRECISION DRILLING CORP	883,900	$10.58M	1.6%	$11.97	—	COM 2010	74022D308
—	PENN VA CORP	574,800	$10.05M	1.5%	$17.49	—	COM	707882106
—	PDC ENERGY INC	160,800	$10.01M	1.5%	$62.26	—	COM	69327R101
—	CARRIZO OIL & GAS INC	169,804	$9.078M	1.4%	$53.46	—	COM	144577103
—	DU PONT E I DE NEMOURS & CO	133,700	$8.971M	1.4%	$67.10	—	COM	263534109
—	NEWFIELD EXPL CO	273,400	$8.574M	1.3%	$26.25	—	COM	651290108
—	U S SILICA HLDGS INC	222,700	$8.5M	1.3%	$38.17	—	COM	90346E103
—	GULFPORT ENERGY CORP	116,600	$8.3M	1.3%	$71.18	—	COM NEW	402635304
—	BAKER HUGHES INC	125,300	$8.147M	1.2%	$65.02	—	COM	057224107
—	BARRETT BILL CORP	317,831	$8.136M	1.2%	$25.60	—	COM	06846N104
EMN	EASTMAN CHEM CO	91,600	$7.897M	1.2%	$53.70	+6.1%	COM	277432100
UGI	UGI CORP NEW	148,019	$6.751M	1.0%	$28.04	+2.7%	COM	902681105
RES	RPC INC	304,300	$6.214M	1.0%	$14.88	+4.4%	COM	749660106
—	COBALT INTL ENERGY INC	327,450	$5.999M	0.9%	$26.57	—	COM	19075F106
—	ATHLON ENERGY INC	155,300	$5.505M	0.8%	$35.45	—	COM	047477104
SHW	SHERWIN WILLIAMS CO	27,200	$5.362M	0.8%	$57.67	0.0%	COM	824348106
PPG	PPG INDS INC	26,200	$5.069M	0.8%	$77.19	0.0%	COM	693506107
—	BELLATRIX EXPLORATION LTD	572,000	$4.84M	0.7%	$8.46	—	COM	078314101
MPC	MARATHON PETE CORP	53,500	$4.657M	0.7%	$30.73	0.0%	COM	56585A102
LYB	LYONDELLBASELL INDUSTRIES N	44,400	$3.949M	0.6%	$40.87	+11.1%	SHS - A -	N53745100
—	SCANA CORP NEW	59,800	$3.069M	0.5%	$51.32	—	COM	80589M102
MDU	MDU RES GROUP INC	87,800	$3.012M	0.5%	$6.98	+23.9%	COM	552690109
FANG	DIAMONDBACK ENERGY INC	44,100	$2.968M	0.5%	$44.48	0.0%	COM	25278X109
—	STATOIL ASA	104,500	$2.949M	0.5%	$22.68	—	SPONSORED ADR	85771P102
WLK	WESTLAKE CHEM CORP	44,400	$2.938M	0.5%	$43.97	+22.1%	COM	960413102
MOS	MOSAIC CO NEW	51,500	$2.575M	0.4%	$37.52	0.0%	COM	61945C103
PBF	PBF ENERGY INC	98,227	$2.534M	0.4%	$26.58	0.0%	CL A	69318G106
EIX	EDISON INTL	39,900	$2.259M	0.3%	$29.82	+6.2%	COM	281020107
PWR	QUANTA SVCS INC	56,300	$2.077M	0.3%	$32.74	0.0%	COM	74762E102
MUSA	MURPHY USA INC	51,000	$2.07M	0.3%	$39.32	0.0%	COM	626755102
PEG	PUBLIC SVC ENTERPRISE GROUP	53,900	$2.056M	0.3%	$22.69	0.0%	COM	744573106
VLO	VALERO ENERGY CORP NEW	37,500	$1.991M	0.3%	$26.85	+22.2%	COM	91913Y100
EXC	EXELON CORP	31,800	$1.067M	0.2%	$13.80	0.0%	COM	30161N101
PPL	PPL CORP	23,900	$792K	0.1%	$16.37	+4.3%	COM	69351T106
PBA	PEMBINA PIPELINE CORP	13,500	$513K	0.1%	$17.57	+8.7%	COM	706327103