Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FE	FIRSTENERGY CORP	5,722,206	$201M	7.1%	$21.25	+11.8%	COM	337932107
EXC	EXELON CORP	5,127,601	$172M	6.1%	$16.51	+1.9%	COM	30161N101
DUK	DUKE ENERGY CORP NEW	2,127,807	$163M	5.8%	$48.96	+5.8%	COM NEW	26441C204
—	CALPINE CORP	5,692,074	$130M	4.6%	$21.16	—	COM NEW	131347304
D	DOMINION RES INC VA NEW	1,815,251	$129M	4.6%	$44.50	+4.7%	COM	25746U109
—	DYNEGY INC NEW DEL	4,059,585	$128M	4.5%	$27.13	—	COM	26817R108
EXC	EXELON CORP	3,541,000	$119M	4.2%	$16.51	+1.9%	Put	30161N101
—	LACLEDE GROUP INC	1,604,207	$82.17M	2.9%	$48.61	—	COM	505597104
NEE	NEXTERA ENERGY INC	770,505	$80.17M	2.8%	$17.98	+10.5%	COM	65339F101
SPY	SPDR S&P 500 ETF TR	379,000	$78.24M	2.8%	$206.43	—	TR UNIT	78462F103
—	CANADIAN PAC RY LTD	413,894	$75.7M	2.7%	$190.52	—	COM	13645T100
PCG	PG&E CORP	1,401,972	$74.4M	2.6%	$37.47	+33.2%	COM	69331C108
STLD	STEEL DYNAMICS INC	3,329,582	$66.92M	2.4%	$16.05	-8.1%	COM	858119100
UPS	UNITED PARCEL SERVICE INC	634,000	$61.46M	2.2%	$69.43	-0.0%	CL B	911312106
NRG	NRG ENERGY INC	2,411,867	$60.76M	2.2%	$19.83	0.0%	COM NEW	629377508
AEE	AMEREN CORP	1,133,389	$47.83M	1.7%	$31.21	0.0%	COM	023608102
EXC	EXELON CORP	1,384,500	$46.53M	1.7%	$16.51	+1.9%	Call	30161N101
HON	HONEYWELL INTL INC	401,751	$41.91M	1.5%	$72.29	+1.0%	COM	438516106
—	SUNEDISON INC	1,640,695	$39.38M	1.4%	$21.89	—	COM	86732Y109
ATO	ATMOS ENERGY CORP	699,916	$38.7M	1.4%	$37.98	+11.5%	COM	049560105
—	UIL HLDG CORP	729,457	$37.51M	1.3%	$51.42	—	COM	902748102
AEP	AMERICAN ELEC PWR INC	639,000	$35.94M	1.3%	$40.34	0.0%	COM	025537101
MPC	MARATHON PETE CORP	346,633	$35.49M	1.3%	$32.19	+6.8%	COM	56585A102
EIX	EDISON INTL	541,404	$33.82M	1.2%	$42.55	0.0%	COM	281020107
PWR	QUANTA SVCS INC	1,146,996	$32.72M	1.2%	$31.63	-13.0%	COM	74762E102
R	RYDER SYS INC	324,761	$30.82M	1.1%	$87.52	+5.0%	COM	783549108
—	ASHLAND INC NEW	232,958	$29.66M	1.1%	$98.98	—	COM	044209104
—	AGL RES INC	584,791	$29.04M	1.0%	$51.64	—	COM	001204106
—	TERRAFORM PWR INC	784,994	$28.66M	1.0%	$29.20	—	CL A COM	88104R100
RPM	RPM INTL INC	562,784	$27.01M	1.0%	$48.36	0.0%	COM	749685103
PPG	PPG INDS INC	119,443	$26.94M	1.0%	$78.30	+20.5%	COM	693506107
SPY	SPDR S&P 500 ETF TR	115,000	$23.74M	0.8%	$206.43	—	Call	78462F103
—	FERRO CORP	1,882,693	$23.63M	0.8%	$13.32	—	COM	315405100
WLK	WESTLAKE CHEM CORP	323,871	$23.3M	0.8%	$55.01	-0.8%	COM	960413102
APD	AIR PRODS & CHEMS INC	140,913	$21.32M	0.8%	$93.95	+12.6%	COM	009158106
—	ABENGOA YIELD PLC	609,006	$20.57M	0.7%	$33.78	—	ORD SHS	G00349103
ECL	ECOLAB INC	179,385	$20.52M	0.7%	$97.11	+0.1%	COM	278865100
—	SWIFT TRANSN CO	781,161	$20.33M	0.7%	$22.39	—	CL A	87074U101
—	VALSPAR CORP	236,000	$19.83M	0.7%	$84.03	—	COM	920355104
NWE	NORTHWESTERN CORP	339,649	$18.27M	0.6%	$33.38	+5.8%	COM NEW	668074305
—	POLYONE CORP	488,876	$18.26M	0.6%	$36.27	—	COM	73179P106
RIG	TRANSOCEAN LTD	1,220,000	$17.9M	0.6%	—	—	Put	H8817H100
MTZ	MASTEC INC	920,805	$17.77M	0.6%	$24.73	-19.2%	COM	576323109
—	BABCOCK & WILCOX CO NEW	521,380	$16.73M	0.6%	$31.45	—	COM	05615F102
—	HOLLYFRONTIER CORP	398,900	$16.06M	0.6%	$38.43	—	COM	436106108
—	QUESTAR CORP	600,900	$14.34M	0.5%	$24.04	—	COM	748356102
NJR	NEW JERSEY RES	450,660	$14M	0.5%	$19.89	+10.2%	COM	646025106
—	ARCELORMITTAL SA LUXEMBOURG	1,441,856	$13.58M	0.5%	$12.56	—	NY REGISTRY SH	03938L104
—	UNITED TECHNOLOGIES CORP	108,503	$12.72M	0.5%	$117.20	—	COM	913017109
—	ROWAN COMPANIES PLC	716,787	$12.69M	0.5%	$17.71	—	SHS CL A	G7665A101
—	INTEGRYS ENERGY GROUP INC	167,035	$12.03M	0.4%	$72.02	—	COM	45822P105
FE	FIRSTENERGY CORP	342,800	$12.02M	0.4%	$21.25	+11.8%	Put	337932107
OGE	OGE ENERGY CORP	374,153	$11.83M	0.4%	$36.50	-8.1%	COM	670837103
—	ATWOOD OCEANICS INC	392,440	$11.03M	0.4%	$31.46	—	COM	050095108
—	ANADARKO PETE CORP	129,000	$10.68M	0.4%	$82.81	—	COM	032511107
—	TRANSCANADA CORP	245,400	$10.48M	0.4%	$49.10	—	COM	89353D107
—	SEADRILL LIMITED	1,119,019	$10.46M	0.4%	$9.35	—	SHS	G7945E105
HUN	HUNTSMAN CORP	450,000	$9.977M	0.4%	$23.96	-6.8%	Call	447011107
SWX	SOUTHWEST GAS CORP	163,192	$9.493M	0.3%	$51.98	+13.6%	COM	844895102
—	PACIFIC DRILLING SA LUXEMBOU	2,331,904	$9.071M	0.3%	$10.07	—	REG SHS	L7257P106
ETR	ENTERGY CORP NEW	116,000	$8.989M	0.3%	$26.63	0.0%	COM	29364G103
—	EL PASO ELEC CO	229,892	$8.883M	0.3%	$38.58	—	COM NEW	283677854
WMB	WILLIAMS COS INC DEL	168,000	$8.499M	0.3%	$23.75	+5.1%	COM	969457100
BHP	BHP BILLITON LTD	170,625	$7.929M	0.3%	$46.47	—	SPONSORED ADR	088606108
MTZ	MASTEC INC	400,000	$7.72M	0.3%	$24.73	-19.2%	Call	576323109
LII	LENNOX INTL INC	67,756	$7.568M	0.3%	$85.25	+6.2%	COM	526107107
HUN	HUNTSMAN CORP	334,800	$7.423M	0.3%	$23.96	-6.8%	COM	447011107
—	DELEK US HLDGS INC	184,462	$7.332M	0.3%	$29.31	—	COM	246647101
—	BERRY PLASTICS GROUP INC	201,000	$7.274M	0.3%	$36.19	—	COM	08579W103
DVN	DEVON ENERGY CORP NEW	118,000	$7.117M	0.3%	$41.56	0.0%	COM	25179M103
IDA	IDACORP INC	112,633	$7.081M	0.3%	$64.29	0.0%	COM	451107106
NSC	NORFOLK SOUTHERN CORP	67,125	$6.909M	0.2%	$84.19	0.0%	COM	655844108
JKS	JINKOSOLAR HLDG CO LTD	251,745	$6.455M	0.2%	$19.71	—	SPONSORED ADR	47759T100
—	OCEAN RIG UDW INC	938,816	$6.187M	0.2%	$15.56	—	SHS	Y64354205
CE	CELANESE CORP DEL	100,000	$5.586M	0.2%	—	—	Call	150870103
AGCO	AGCO CORP	100,000	$4.764M	0.2%	—	—	Call	001084102
MLM	MARTIN MARIETTA MATLS INC	33,000	$4.613M	0.2%	$117.97	0.0%	COM	573284106
—	TRANSOCEAN PARTNERS LLC	363,993	$4.459M	0.2%	$20.08	—	COM UNIT RP LT	Y8977Y100
ETN	EATON CORP PLC	61,100	$4.151M	0.1%	$50.65	+3.7%	SHS	G29183103
—	BUNGE LIMITED	43,850	$3.611M	0.1%	$87.97	—	COM	G16962105
ALB	ALBEMARLE CORP	67,800	$3.583M	0.1%	$54.91	-15.2%	COM	012653101
PTC	PTC INC	83,514	$3.021M	0.1%	$33.89	+1.9%	COM	69370C100
—	ISRAEL CHEMICALS LTD	424,177	$3.007M	0.1%	$7.23	—	SHS	M5920A109
—	JA SOLAR HOLDINGS CO LTD	300,000	$2.868M	0.1%	$9.56	—	SPON ADR REP5ORD	466090206
—	AGRIUM INC	27,100	$2.826M	0.1%	$104.28	—	COM	008916108
DQ	DAQO NEW ENERGY CORP	105,873	$2.807M	0.1%	$33.79	—	SPNSRD ADR NEW	23703Q203
TTEK	TETRA TECH INC NEW	102,931	$2.472M	0.1%	$5.39	-8.4%	COM	88162G103
—	TRINA SOLAR LIMITED	175,244	$2.119M	0.1%	$12.09	—	SPON ADR	89628E104
GLNG	GOLAR LNG LTD BERMUDA	59,000	$1.964M	0.1%	$26.23	0.0%	SHS	G9456A100
BDC	BELDEN INC	20,883	$1.954M	0.1%	$68.91	+20.8%	COM	077454106
MOS	MOSAIC CO NEW	35,750	$1.647M	0.1%	$35.46	+10.7%	COM	61945C103
TXNM	PNM RES INC	56,229	$1.642M	0.1%	$27.94	+4.2%	COM	69349H107
—	CONTINENTAL RESOURCES INC	35,000	$1.528M	0.1%	$43.66	—	COM	212015101
—	TYCO INTL PLC	35,000	$1.507M	0.1%	$43.46	—	SHS	G91442106
—	DOW CHEM CO	31,024	$1.489M	0.1%	$48.00	—	COM	260543103
ADM	ARCHER DANIELS MIDLAND CO	30,000	$1.422M	0.1%	$34.59	0.0%	COM	039483102
—	ALPHA NATURAL RESOURCES INC	1,405,000	$1.405M	0.0%	$1.00	—	COM	02076X102
IEX	IDEX CORP	18,134	$1.375M	0.0%	$64.42	+1.5%	COM	45167R104
—	CHEMTURA CORP	50,000	$1.365M	0.0%	—	—	Call	163893209
—	INGERSOLL-RAND PLC	18,797	$1.28M	0.0%	$57.51	—	SHS	G47791101
HE	HAWAIIAN ELEC INDUSTRIES	37,277	$1.197M	0.0%	$33.33	0.0%	COM	419870100
MEOH	METHANEX CORP	22,300	$1.194M	0.0%	—	—	Call	59151K108
RYZ	RYERSON HLDG CORP	170,580	$1.087M	0.0%	$11.44	-40.7%	COM	783754104
ESE	ESCO TECHNOLOGIES INC	16,433	$641K	0.0%	$33.04	+7.9%	COM	296315104
SAIA	SAIA INC	12,995	$576K	0.0%	$46.09	0.0%	COM	78709Y105
CORN	TEUCRIUM COMMODITY TR	19,011	$470K	0.0%	$24.72	—	CORN FD SHS	88166A102
—	ASPEN TECHNOLOGY INC	10,000	$385K	0.0%	$38.50	—	COM	045327103
—	ITC HLDGS CORP	8,962	$335K	0.0%	$37.38	—	COM	465685105
—	LIQTECH INTL INC	423,846	$285K	0.0%	$2.25	—	COM	53632A102
—	EXA CORP	20,315	$241K	0.0%	$11.07	—	COM	300614500
SDLPEUR	SEADRILL PARTNERS LLC	11,150	$131K	0.0%	$23.12	—	COMUNIT REP LB	Y7545W109
—	YINGLI GREEN ENERGY HLDG CO	66,638	$123K	0.0%	$2.58	—	ADR	98584B103