Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AEE	AMEREN CORP	629,746	$71.19M	4.0%	—	—	COM	023608102
AEP	AMERICAN ELEC PWR CO INC	350,872	$48M	2.7%	—	—	COM	025537101
LNG	CHENIERE ENERGY INC	188,557	$45.07M	2.5%	—	—	COM NEW	16411R208
CRWV	COREWEAVE INC	410,049	$40.82M	2.3%	—	—	COM CL A	21873S108
EMA	EMERA INC	734,477	$38.95M	2.2%	—	—	COM	290876101
APA	APA CORPORATION	1,006,739	$32.79M	1.9%	—	—	COM	03743Q108
CLSK	CLEANSPARK INC	1,973,047	$28.71M	1.6%	—	—	COM NEW	18452B209
INIO	INNIO NV	712,960	$28.2M	1.6%	—	—	ORDINARY SHARES	N52A8C105
SPCX	SPACE EXPLORATION TECHN CORP	155,000	$26.48M	1.5%	—	—	CLASS A COM STK	84615Q103
DLR	DIGITAL RLTY TR INC	122,000	$21.91M	1.2%	—	—	COM	253868103
VGNT	VERSIGENT PLC	499,633	$20.99M	1.2%	—	—	ORDINARY SHARES	G9600F104
AN	AUTONATION INC	112,291	$20.86M	1.2%	—	—	COM	05329W102
LBTYA	LIBERTY GLOBAL LTD	1,645,963	$18.71M	1.1%	—	—	COM CL A	G61188101
CIFR	CIPHER DIGITAL INC	751,077	$18.4M	1.0%	—	—	COM	17253J106
ALSN	ALLISON TRANSMISSION HLDGS I	146,525	$16.52M	0.9%	—	—	COM	01973R101
IREN	IREN LIMITED	308,405	$14.1M	0.8%	—	—	ORDINARY SHARES	Q4982L109
CRH	CRH PLC	128,114	$13.71M	0.8%	—	—	ORD	G25508105
OXY	OCCIDENTAL PETE CORP	270,898	$13.16M	0.7%	—	—	COM	674599105
MTZ	MASTEC INC	30,842	$12.83M	0.7%	—	—	COM	576323109
WH	WYNDHAM HOTELS & RESORTS INC	137,295	$11.56M	0.7%	—	—	COM	98311A105
VST	VISTRA CORP	63,683	$10.1M	0.6%	—	—	COM	92840M102
PRIM	PRIMORIS SVCS CORP	91,093	$9.029M	0.5%	—	—	COM	74164F103
CHRW	C H ROBINSON WORLDWIDE IN	44,663	$8.412M	0.5%	—	—	COM NEW	12541W209
TEX	TEREX CORP NEW	110,239	$7.98M	0.5%	—	—	COM	880779103
FRVO	FERVO ENERGY CO	250,000	$7.308M	0.4%	—	—	CL A COM	31556C106
KNTK	KINETIK HOLDINGS INC	135,983	$6.573M	0.4%	—	—	COM NEW CL A	02215L209
MOD	MODINE MFG CO	23,391	$6.246M	0.4%	—	—	COM	607828100
EROK	EAGLEROCK LD LLC	271,486	$5.769M	0.3%	—	—	CL A SHS REP LTD	27005A105
ADNT	ADIENT PLC	304,226	$5.592M	0.3%	—	—	ORD SHS	G0084W101
XE	X-ENERGY INC	301,185	$5.53M	0.3%	—	—	COM CL A	98386P102
ITRI	ITRON INC	63,311	$5.478M	0.3%	—	—	COM	465741106
DPC	DPC HOLDINGS PLC	110,000	$5.397M	0.3%	—	—	ORDINARY SHARES	G2R11M108
XOM	EXXON MOBIL CORP	36,975	$5.055M	0.3%	—	—	COM	30231G102
FCX	FREEPORT MCMORAN INC	79,560	$5.004M	0.3%	—	—	CL B	35671D857
ST	SENSATA TECHNOLOGIES HLDG PL	93,417	$4.46M	0.3%	—	—	SHS	G8060N102
KGS	KODIAK GAS SVCS INC	59,220	$4.449M	0.3%	—	—	COM	50012A108
FSLR	FIRST SOLAR INC	16,983	$4.007M	0.2%	—	—	COM	336433107
QNT	QUANTINUUM INC	40,000	$3.27M	0.2%	—	—	CL A COM	74768A104
CX	CEMEX SA EURO MTN BE 144A	228,398	$2.741M	0.2%	—	—	SPON ADR NEW	151290889
CBRS	CEREBRAS SYSTEMS INC	10,000	$2.21M	0.1%	—	—	COM CL A	15675D103
NXT	NEXTPOWER INC	17,419	$2.075M	0.1%	—	—	CLASS A COM	65290E101
NMG	NOUVEAU MONDE GRAPHITE INC	1,363,226	$2.045M	0.1%	—	—	COM NEW	66979W842
KMX	CARMAX INC	38,003	$2.01M	0.1%	—	—	COM	143130102
HBM	HUDBAY MINERALS INC	84,691	$2M	0.1%	—	—	COM	443628102
SOC	SABLE OFFSHORE CORP	595,911	$1.835M	0.1%	—	—	COM SHS	78574H104
SATS	ECHOSTAR CORP	16,861	$1.711M	0.1%	—	—	CL A	278768106
HONA	HONEYWELL AEROSPACE INC	6,000	$1.326M	0.1%	—	—	COM	43849R105
MAIR	MADISON AIR SOLUTIONS CORP	30,000	$1.17M	0.1%	—	—	COM SHS CL A	55658T105
XPO	XPO INC	5,011	$1.029M	0.1%	—	—	COM	983793100
TSLA	TESLA INC	2,428	$1.021M	0.1%	—	—	COM	88160R101
MUR	MURPHY OIL CORP	29,117	$948K	0.1%	—	—	COM	626717102
OCTV	OCTAVE INTELLIGENCE PLC	48,201	$786K	0.0%	—	—	ORD SHS CL B	G22845104

Increased Positions (19)

AR ANTERO RESOURCES CORP 5.2%

Value $92.59M (+136.2%) Shares 2,634,969 (+185.2%) Est. Cost — Unrealized —

PPL PPL CORP 3.7%

Value $65M (+431.3%) Shares 1,788,306 (+458.3%) Est. Cost — Unrealized —

AM ANTERO MIDSTREAM CORP 3.9%

Value $68.97M (+207.0%) Shares 3,031,515 (+207.7%) Est. Cost — Unrealized —

EQT EQT CORP 2.9%

Value $50.86M (+149.8%) Shares 956,598 (+199.0%) Est. Cost — Unrealized —

BWA BORGWARNER INC 1.9%

Value $34.15M (+312.1%) Shares 514,287 (+236.8%) Est. Cost — Unrealized —

BKV BKV CORP 2.2%

Value $38.69M (+124.5%) Shares 1,414,178 (+134.1%) Est. Cost — Unrealized —

OI O-I GLASS INC 1.5%

Value $27.12M (+148.2%) Shares 2,816,191 (+170.9%) Est. Cost — Unrealized —

GM GENERAL MTRS CO 2.1%

Value $37.17M (+42.6%) Shares 482,202 (+37.9%) Est. Cost — Unrealized —

FPS FORGENT POWER SOLUTIONS INC 1.1%

Value $19.55M (+105.1%) Shares 350,000 (+7.4%) Est. Cost — Unrealized —

PCG PG&E CORP 8.3%

Value $148M (+6.1%) Shares 8,772,024 (+10.9%) Est. Cost — Unrealized —

SRE SEMPRA 0.4%

Value $7.905M (+466.9%) Shares 85,265 (+494.2%) Est. Cost — Unrealized —

FLR FLUOR CORP 0.6%

Value $10.89M (+90.1%) Shares 207,907 (+69.3%) Est. Cost — Unrealized —

VALE VALE S A 0.8%

Value $13.61M (+53.6%) Shares 905,082 (+62.5%) Est. Cost — Unrealized —

MDU MDU RES GROUP INC 0.4%

Value $6.791M (+63.9%) Shares 320,176 (+60.1%) Est. Cost — Unrealized —

EGO ELDORADO GOLD CORP NEW 0.6%

Value $10.34M (+30.6%) Shares 332,575 (+44.2%) Est. Cost — Unrealized —

TECK TECK RESOURCES LTD 0.5%

Value $8.551M (+23.1%) Shares 143,805 (+7.1%) Est. Cost — Unrealized —

SWX SOUTHWEST GAS HLDGS INC 0.1%

Value $2.031M (+25.5%) Shares 22,898 (+22.9%) Est. Cost — Unrealized —

SUUN POWERBANK CORP 0.0%

Value $351K (+87.4%) Shares 509,005 (+45.4%) Est. Cost — Unrealized —

— WHIRLPOOL CORP 0.7%

Value $12.96M (+0.5%) Shares 369,000 (+17.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AR	ANTERO RESOURCES CORP	2,634,969 (+185.2%)	$92.59M (+136.2%)	5.2%	—	—	COM	03674X106
PPL	PPL CORP	1,788,306 (+458.3%)	$65M (+431.3%)	3.7%	—	—	COM	69351T106
AM	ANTERO MIDSTREAM CORP	3,031,515 (+207.7%)	$68.97M (+207.0%)	3.9%	—	—	COM	03676B102
EQT	EQT CORP	956,598 (+199.0%)	$50.86M (+149.8%)	2.9%	—	—	COM	26884L109
BWA	BORGWARNER INC	514,287 (+236.8%)	$34.15M (+312.1%)	1.9%	—	—	COM	099724106
BKV	BKV CORP	1,414,178 (+134.1%)	$38.69M (+124.5%)	2.2%	—	—	COM	05603J108
OI	O-I GLASS INC	2,816,191 (+170.9%)	$27.12M (+148.2%)	1.5%	—	—	COM	67098H104
GM	GENERAL MTRS CO	482,202 (+37.9%)	$37.17M (+42.6%)	2.1%	—	—	COM	37045V100
FPS	FORGENT POWER SOLUTIONS INC	350,000 (+7.4%)	$19.55M (+105.1%)	1.1%	—	—	COM SHS CL A	34631F102
PCG	PG&E CORP	8,772,024 (+10.9%)	$148M (+6.1%)	8.3%	—	—	COM	69331C108
SRE	SEMPRA	85,265 (+494.2%)	$7.905M (+466.9%)	0.4%	—	—	COM	816851109
FLR	FLUOR CORP	207,907 (+69.3%)	$10.89M (+90.1%)	0.6%	—	—	COM	343412102
VALE	VALE S A	905,082 (+62.5%)	$13.61M (+53.6%)	0.8%	—	—	SPONSORED ADS	91912E105
MDU	MDU RES GROUP INC	320,176 (+60.1%)	$6.791M (+63.9%)	0.4%	—	—	COM	552690109
EGO	ELDORADO GOLD CORP NEW	332,575 (+44.2%)	$10.34M (+30.6%)	0.6%	—	—	COM	284902509
TECK	TECK RESOURCES LTD	143,805 (+7.1%)	$8.551M (+23.1%)	0.5%	—	—	CL B	878742204
SWX	SOUTHWEST GAS HLDGS INC	22,898 (+22.9%)	$2.031M (+25.5%)	0.1%	—	—	COM	844895102
SUUN	POWERBANK CORP	509,005 (+45.4%)	$351K (+87.4%)	0.0%	—	—	COM SHS	73933V100
—	WHIRLPOOL CORP	369,000 (+17.1%)	$12.96M (+0.5%)	0.7%	—	—	8.5 DEP SR A CNV	963320205

Exited Positions (74)

URI UNITED RENTALS INC 4.5%

Value $79.04M Shares 108,487 Est. Cost — Unrealized —

ETN EATON CORP PLC 4.1%

Value $72.69M Shares 203,223 Est. Cost — Unrealized —

FANG DIAMONDBACK ENERGY INC 1.4%

Value $25.34M Shares 128,110 Est. Cost — Unrealized —

OGE OGE ENERGY CORP 1.4%

Value $24.38M Shares 508,422 Est. Cost — Unrealized —

TLN TALEN ENERGY CORP 1.4%

Value $24.34M Shares 76,237 Est. Cost — Unrealized —

VNOM VIPER ENERGY INC 1.1%

Value $18.8M Shares 400,000 Est. Cost — Unrealized —

RACE FERRARI N V 1.0%

Value $18.19M Shares 53,740 Est. Cost — Unrealized —

APTV APTIV PLC 1.0%

Value $17.53M Shares 252,462 Est. Cost — Unrealized —

APLD APPLIED DIGITAL CORP 1.0%

Value $17.52M Shares 738,143 Est. Cost — Unrealized —

MYRG MYR GROUP INC 0.9%

Value $15.12M Shares 53,546 Est. Cost — Unrealized —

STLA STELLANTIS N.V 0.7%

Value $12.58M Shares 1,784,868 Est. Cost — Unrealized —

FE FIRSTENERGY CORP 0.7%

Value $12.47M Shares 246,147 Est. Cost — Unrealized —

STLD STEEL DYNAMICS INC 0.6%

Value $11.41M Shares 63,385 Est. Cost — Unrealized —

SHEL SHELL PLC 0.6%

Value $9.916M Shares 106,629 Est. Cost — Unrealized —

VIK VIKING HOLDINGS LTD 0.5%

Value $9.185M Shares 125,000 Est. Cost — Unrealized —

CLF CLEVELAND-CLIFFS INC NEW 0.5%

Value $9.129M Shares 1,080,308 Est. Cost — Unrealized —

CVNA CARVANA CO 0.5%

Value $9.061M Shares 28,821 Est. Cost — Unrealized —

OMC OMNICOM GROUP INC 0.5%

Value $9.008M Shares 119,608 Est. Cost — Unrealized —

KOS KOSMOS ENERGY LTD 0.5%

Value $8.793M Shares 3,162,820 Est. Cost — Unrealized —

NVT NVENT ELEC PLC 0.5%

Value $8.689M Shares 73,461 Est. Cost — Unrealized —

ULS UL SOLUTIONS INC 0.5%

Value $8.571M Shares 100,000 Est. Cost — Unrealized —

KALU KAISER ALUMINIUM CORPORATION 0.5%

Value $8.396M Shares 69,667 Est. Cost — Unrealized —

RIVN RIVIAN AUTOMOTIVE INC 0.5%

Value $8.141M Shares 540,918 Est. Cost — Unrealized —

SW SMURFIT WESTROCK PLC 0.5%

Value $8.106M Shares 203,407 Est. Cost — Unrealized —

BTU PEABODY ENGR CORP 0.4%

Value $6.49M Shares 196,963 Est. Cost — Unrealized —

BP BP PLC 0.3%

Value $5.947M Shares 126,525 Est. Cost — Unrealized —

ITT ITT INC 0.3%

Value $5.716M Shares 30,000 Est. Cost — Unrealized —

EXE EXPAND ENERGY CORPORATION 0.3%

Value $5.082M Shares 46,289 Est. Cost — Unrealized —

UGI UGI CORP NEW 0.3%

Value $4.797M Shares 131,716 Est. Cost — Unrealized —

DUOT DUOS TECHNOLOGIES GROUP INC 0.3%

Value $4.781M Shares 696,999 Est. Cost — Unrealized —

PKG PACKAGING CORP AMER 0.3%

Value $4.764M Shares 22,448 Est. Cost — Unrealized —

AHR AMERICAN HEALTHCARE REIT INC 0.3%

Value $4.716M Shares 100,000 Est. Cost — Unrealized —

COP CONOCOPHILLIPS 0.2%

Value $4.057M Shares 30,737 Est. Cost — Unrealized —

TEL TE CONNECTIVITY PLC 0.2%

Value $3.648M Shares 17,452 Est. Cost — Unrealized —

POR PORTLAND GEN ELEC CO 0.1%

Value $2.639M Shares 50,000 Est. Cost — Unrealized —

ACHR ARCHER AVIATION INC 0.1%

Value $2.585M Shares 500,000 Est. Cost — Unrealized —

APH AMPHENOL CORP 0.1%

Value $2.299M Shares 18,194 Est. Cost — Unrealized —

IP INTERNATIONAL PAPER CO 0.1%

Value $2.279M Shares 63,842 Est. Cost — Unrealized —

MDLN MEDLINE INC 0.1%

Value $2.225M Shares 50,000 Est. Cost — Unrealized —

HRI HERC HLDGS INC 0.1%

Value $2.168M Shares 21,774 Est. Cost — Unrealized —

CTVA CORTEVA INC 0.1%

Value $2.046M Shares 24,436 Est. Cost — Unrealized —

AGCO AGCO CORP 0.1%

Value $2.022M Shares 17,449 Est. Cost — Unrealized —

CRC CALIFORNIA RES CORP 0.1%

Value $1.952M Shares 28,205 Est. Cost — Unrealized —

MIAX MIAMI INTL HLDGS INC 0.1%

Value $1.946M Shares 50,000 Est. Cost — Unrealized —

ROL ROLLINS INC 0.1%

Value $1.869M Shares 35,000 Est. Cost — Unrealized —

VVX V2X INC 0.1%

Value $1.712M Shares 25,000 Est. Cost — Unrealized —

WTTR SELECT WATER SOLUTIONS INC 0.1%

Value $1.53M Shares 100,000 Est. Cost — Unrealized —

VSEC VSE CORP 0.1%

Value $1.383M Shares 7,500 Est. Cost — Unrealized —

CTRI CENTURI HOLDINGS INC 0.1%

Value $1.256M Shares 43,000 Est. Cost — Unrealized —

DOCN DIGITALOCEAN HLDGS INC 0.1%

Value $1.233M Shares 14,370 Est. Cost — Unrealized —

KYIV KYIVSTAR GROUP LTD 0.1%

Value $1.012M Shares 100,000 Est. Cost — Unrealized —

LTM LATAM AIRLINES GROUP SA 0.1%

Value $989K Shares 20,000 Est. Cost — Unrealized —

HTO H2O AMERICA 0.0%

Value $880K Shares 15,000 Est. Cost — Unrealized —

NVGS NAVIGATOR HLDGS LTD 0.0%

Value $773K Shares 40,000 Est. Cost — Unrealized —

KTOS KRATOS DEFENSE & SEC SOLUTIO 0.0%

Value $705K Shares 10,000 Est. Cost — Unrealized —

FMC FMC CORP 0.0%

Value $664K Shares 38,572 Est. Cost — Unrealized —

XENE XENON PHARMACEUTICALS INC 0.0%

Value $582K Shares 10,000 Est. Cost — Unrealized —

THM INTERNATIONAL TOWER HILL MIN 0.0%

Value $541K Shares 235,000 Est. Cost — Unrealized —

AS AMER SPORTS INC 0.0%

Value $494K Shares 15,000 Est. Cost — Unrealized —

INVX INNOVEX INTERNATIONAL INC 0.0%

Value $488K Shares 20,000 Est. Cost — Unrealized —

BOBS BOBS DISC FURNITURE INC 0.0%

Value $470K Shares 40,000 Est. Cost — Unrealized —

WLTH WEALTHFRONT CORP 0.0%

Value $463K Shares 50,000 Est. Cost — Unrealized —

VSNT VERSANT MEDIA GROUP INC 0.0%

Value $429K Shares 11,600 Est. Cost — Unrealized —

JAN JANUS LIVING INC 0.0%

Value $423K Shares 17,963 Est. Cost — Unrealized —

MCB METROPOLITAN BK HLDG CORP 0.0%

Value $416K Shares 5,000 Est. Cost — Unrealized —

LODE COMSTOCK INC 0.0%

Value $381K Shares 125,000 Est. Cost — Unrealized —

YSS YORK SPACE SYSTEMS INC 0.0%

Value $333K Shares 15,000 Est. Cost — Unrealized —

AXGN AXOGEN INC 0.0%

Value $331K Shares 10,000 Est. Cost — Unrealized —

JCAP JEFFERSON CAPITAL INC 0.0%

Value $288K Shares 15,000 Est. Cost — Unrealized —

AVR ANTERIS TECHNOLOGIES GLOBAL 0.0%

Value $278K Shares 50,000 Est. Cost — Unrealized —

ANDG ANDERSEN GROUP INC 0.0%

Value $272K Shares 10,000 Est. Cost — Unrealized —

EQPT EQUIPMENTSHARE COM INC 0.0%

Value $204K Shares 10,000 Est. Cost — Unrealized —

RDW REDWIRE CORPORATION 0.0%

Value $170K Shares 20,000 Est. Cost — Unrealized —

PICS PICS NV 0.0%

Value $157K Shares 15,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
URI	UNITED RENTALS INC	108,487	$79.04M	4.5%	—	—	—	911363109
ETN	EATON CORP PLC	203,223	$72.69M	4.1%	—	—	—	G29183103
FANG	DIAMONDBACK ENERGY INC	128,110	$25.34M	1.4%	—	—	—	25278X109
OGE	OGE ENERGY CORP	508,422	$24.38M	1.4%	—	—	—	670837103
TLN	TALEN ENERGY CORP	76,237	$24.34M	1.4%	—	—	—	87422Q109
VNOM	VIPER ENERGY INC	400,000	$18.8M	1.1%	—	—	—	64361Q101
RACE	FERRARI N V	53,740	$18.19M	1.0%	—	—	—	N3167Y103
APTV	APTIV PLC	252,462	$17.53M	1.0%	—	—	—	G3265R107
APLD	APPLIED DIGITAL CORP	738,143	$17.52M	1.0%	—	—	—	038169207
MYRG	MYR GROUP INC	53,546	$15.12M	0.9%	—	—	—	55405W104
STLA	STELLANTIS N.V	1,784,868	$12.58M	0.7%	—	—	—	N82405106
FE	FIRSTENERGY CORP	246,147	$12.47M	0.7%	—	—	—	337932107
STLD	STEEL DYNAMICS INC	63,385	$11.41M	0.6%	—	—	—	858119100
SHEL	SHELL PLC	106,629	$9.916M	0.6%	—	—	—	780259305
VIK	VIKING HOLDINGS LTD	125,000	$9.185M	0.5%	—	—	—	G93A5A101
CLF	CLEVELAND-CLIFFS INC NEW	1,080,308	$9.129M	0.5%	—	—	—	185899101
CVNA	CARVANA CO	28,821	$9.061M	0.5%	—	—	—	146869102
OMC	OMNICOM GROUP INC	119,608	$9.008M	0.5%	—	—	—	681919106
KOS	KOSMOS ENERGY LTD	3,162,820	$8.793M	0.5%	—	—	—	500688106
NVT	NVENT ELEC PLC	73,461	$8.689M	0.5%	—	—	—	G6700G107
ULS	UL SOLUTIONS INC	100,000	$8.571M	0.5%	—	—	—	903731107
KALU	KAISER ALUMINIUM CORPORATION	69,667	$8.396M	0.5%	—	—	—	483007704
RIVN	RIVIAN AUTOMOTIVE INC	540,918	$8.141M	0.5%	—	—	—	76954A103
SW	SMURFIT WESTROCK PLC	203,407	$8.106M	0.5%	—	—	—	G8267P108
BTU	PEABODY ENGR CORP	196,963	$6.49M	0.4%	—	—	—	704551100
BP	BP PLC	126,525	$5.947M	0.3%	—	—	—	055622104
ITT	ITT INC	30,000	$5.716M	0.3%	—	—	—	45073V108
EXE	EXPAND ENERGY CORPORATION	46,289	$5.082M	0.3%	—	—	—	165167735
UGI	UGI CORP NEW	131,716	$4.797M	0.3%	—	—	—	902681105
DUOT	DUOS TECHNOLOGIES GROUP INC	696,999	$4.781M	0.3%	—	—	—	266042407
PKG	PACKAGING CORP AMER	22,448	$4.764M	0.3%	—	—	—	695156109
AHR	AMERICAN HEALTHCARE REIT INC	100,000	$4.716M	0.3%	—	—	—	398182303
COP	CONOCOPHILLIPS	30,737	$4.057M	0.2%	—	—	—	20825C104
TEL	TE CONNECTIVITY PLC	17,452	$3.648M	0.2%	—	—	—	G87052109
POR	PORTLAND GEN ELEC CO	50,000	$2.639M	0.1%	—	—	—	736508847
ACHR	ARCHER AVIATION INC	500,000	$2.585M	0.1%	—	—	—	03945R102
APH	AMPHENOL CORP	18,194	$2.299M	0.1%	—	—	—	032095101
IP	INTERNATIONAL PAPER CO	63,842	$2.279M	0.1%	—	—	—	460146103
MDLN	MEDLINE INC	50,000	$2.225M	0.1%	—	—	—	58507V107
HRI	HERC HLDGS INC	21,774	$2.168M	0.1%	—	—	—	42704L104
CTVA	CORTEVA INC	24,436	$2.046M	0.1%	—	—	—	22052L104
AGCO	AGCO CORP	17,449	$2.022M	0.1%	—	—	—	001084102
CRC	CALIFORNIA RES CORP	28,205	$1.952M	0.1%	—	—	—	13057Q305
MIAX	MIAMI INTL HLDGS INC	50,000	$1.946M	0.1%	—	—	—	59356Q108
ROL	ROLLINS INC	35,000	$1.869M	0.1%	—	—	—	775711104
VVX	V2X INC	25,000	$1.712M	0.1%	—	—	—	92242T101
WTTR	SELECT WATER SOLUTIONS INC	100,000	$1.53M	0.1%	—	—	—	81617J301
VSEC	VSE CORP	7,500	$1.383M	0.1%	—	—	—	918284100
CTRI	CENTURI HOLDINGS INC	43,000	$1.256M	0.1%	—	—	—	155923105
DOCN	DIGITALOCEAN HLDGS INC	14,370	$1.233M	0.1%	—	—	—	25402D102
KYIV	KYIVSTAR GROUP LTD	100,000	$1.012M	0.1%	—	—	—	G5331N101
LTM	LATAM AIRLINES GROUP SA	20,000	$989K	0.1%	—	—	—	51817R205
HTO	H2O AMERICA	15,000	$880K	0.0%	—	—	—	784305104
NVGS	NAVIGATOR HLDGS LTD	40,000	$773K	0.0%	—	—	—	Y62132108
KTOS	KRATOS DEFENSE & SEC SOLUTIO	10,000	$705K	0.0%	—	—	—	50077B207
FMC	FMC CORP	38,572	$664K	0.0%	—	—	—	302491303
XENE	XENON PHARMACEUTICALS INC	10,000	$582K	0.0%	—	—	—	98420N105
THM	INTERNATIONAL TOWER HILL MIN	235,000	$541K	0.0%	—	—	—	46050R102
AS	AMER SPORTS INC	15,000	$494K	0.0%	—	—	—	G0260P102
INVX	INNOVEX INTERNATIONAL INC	20,000	$488K	0.0%	—	—	—	457651107
BOBS	BOBS DISC FURNITURE INC	40,000	$470K	0.0%	—	—	—	09681N106
WLTH	WEALTHFRONT CORP	50,000	$463K	0.0%	—	—	—	947002101
VSNT	VERSANT MEDIA GROUP INC	11,600	$429K	0.0%	—	—	—	925283103
JAN	JANUS LIVING INC	17,963	$423K	0.0%	—	—	—	471024109
MCB	METROPOLITAN BK HLDG CORP	5,000	$416K	0.0%	—	—	—	591774104
LODE	COMSTOCK INC	125,000	$381K	0.0%	—	—	—	205750409
YSS	YORK SPACE SYSTEMS INC	15,000	$333K	0.0%	—	—	—	987084100
AXGN	AXOGEN INC	10,000	$331K	0.0%	—	—	—	05463X106
JCAP	JEFFERSON CAPITAL INC	15,000	$288K	0.0%	—	—	—	47248R103
AVR	ANTERIS TECHNOLOGIES GLOBAL	50,000	$278K	0.0%	—	—	—	03675P102
ANDG	ANDERSEN GROUP INC	10,000	$272K	0.0%	—	—	—	033853102
EQPT	EQUIPMENTSHARE COM INC	10,000	$204K	0.0%	—	—	—	29445S100
RDW	REDWIRE CORPORATION	20,000	$170K	0.0%	—	—	—	75776W103
PICS	PICS NV	15,000	$157K	0.0%	—	—	—	N69958101

Decreased Positions (28)

WHR WHIRLPOOL CORP 0.4%

Value $6.931M (-90.2%) Shares 175,813 (-86.6%) Est. Cost — Unrealized —

WMB WILLIAMS COS INC 1.0%

Value $17.57M (-56.3%) Shares 236,367 (-57.2%) Est. Cost — Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 1.1%

Value $18.72M (-53.6%) Shares 64,293 (-47.4%) Est. Cost — Unrealized —

RBA RB GLOBAL INC 0.7%

Value $13.09M (-62.0%) Shares 112,449 (-68.7%) Est. Cost — Unrealized —

CMI CUMMINS INC 0.1%

Value $2.063M (-90.7%) Shares 2,892 (-92.9%) Est. Cost — Unrealized —

XEL XCEL ENERGY INC 0.8%

Value $14.94M (-53.1%) Shares 186,000 (-53.6%) Est. Cost — Unrealized —

VC VISTEON CORP 0.2%

Value $3.699M (-81.6%) Shares 37,282 (-83.1%) Est. Cost — Unrealized —

DTE DTE ENERGY CO 1.3%

Value $23.72M (-38.0%) Shares 155,703 (-40.5%) Est. Cost — Unrealized —

WMG WARNER MUSIC GROUP CORP 0.3%

Value $5.792M (-70.6%) Shares 213,949 (-72.3%) Est. Cost — Unrealized —

NFG NATIONAL FUEL GAS CO 0.3%

Value $4.948M (-71.1%) Shares 64,082 (-64.8%) Est. Cost — Unrealized —

CORZ CORE SCIENTIFIC INC NEW 2.3%

Value $40.01M (-23.0%) Shares 1,563,413 (-55.0%) Est. Cost — Unrealized —

BKH BLACK HILLS CORP 6.2%

Value $110M (-9.4%) Shares 1,481,404 (-15.5%) Est. Cost — Unrealized —

DAN DANA INC 1.6%

Value $29.01M (-28.1%) Shares 1,066,246 (-11.1%) Est. Cost — Unrealized —

TRGP TARGA RES CORP 0.5%

Value $9.715M (-49.4%) Shares 36,231 (-52.7%) Est. Cost — Unrealized —

GNRC GENERAC HLDGS INC 1.7%

Value $29.49M (+33.6%) Shares 100,729 (-10.9%) Est. Cost — Unrealized —

MWH SOLV ENERGY INC 0.8%

Value $13.62M (-34.9%) Shares 400,000 (-42.6%) Est. Cost — Unrealized —

ABG ASBURY AUTOMOTIVE GROUP INC 0.2%

Value $3.311M (-67.2%) Shares 16,466 (-68.2%) Est. Cost — Unrealized —

LAD LITHIA MTRS INC 0.8%

Value $14.44M (-27.6%) Shares 49,710 (-37.8%) Est. Cost — Unrealized —

NRG NRG ENERGY INC 0.6%

Value $9.971M (-24.2%) Shares 68,264 (-24.2%) Est. Cost — Unrealized —

HAL HALLIBURTON CO 0.3%

Value $4.565M (-36.4%) Shares 134,457 (-26.9%) Est. Cost — Unrealized —

DAR DARLING INGREDIENTS INC 0.1%

Value $1.164M (-67.9%) Shares 21,319 (-63.7%) Est. Cost — Unrealized —

LGN LEGENCE CORP 0.4%

Value $6.392M (+41.5%) Shares 75,000 (-6.3%) Est. Cost — Unrealized —

CAT CATERPILLAR INC 1.3%

Value $22.26M (-7.7%) Shares 20,906 (-38.6%) Est. Cost — Unrealized —

JAGU JAGUAR URANIUM CORP 0.0%

Value $869K (-54.9%) Shares 520,201 (-25.7%) Est. Cost — Unrealized —

SARO STANDARDAERO INC 0.2%

Value $2.991M (-22.8%) Shares 100,000 (-33.3%) Est. Cost — Unrealized —

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.5%

Value $8.816M (-7.6%) Shares 113,215 (-31.7%) Est. Cost — Unrealized —

DTM DT MIDSTREAM INC 0.1%

Value $1.949M (-8.5%) Shares 13,280 (-16.0%) Est. Cost — Unrealized —

WOLF WOLFSPEED INC 0.0%

Value $483K (+47.8%) Shares 10,000 (-50.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WHR	WHIRLPOOL CORP	175,813 (-86.6%)	$6.931M (-90.2%)	0.4%	—	—	COM	963320106
WMB	WILLIAMS COS INC	236,367 (-57.2%)	$17.57M (-56.3%)	1.0%	—	—	COM	969457100
GPI	GROUP 1 AUTOMOTIVE INC	64,293 (-47.4%)	$18.72M (-53.6%)	1.1%	—	—	COM	398905109
RBA	RB GLOBAL INC	112,449 (-68.7%)	$13.09M (-62.0%)	0.7%	—	—	COM	74935Q107
CMI	CUMMINS INC	2,892 (-92.9%)	$2.063M (-90.7%)	0.1%	—	—	COM	231021106
XEL	XCEL ENERGY INC	186,000 (-53.6%)	$14.94M (-53.1%)	0.8%	—	—	COM	98389B100
VC	VISTEON CORP	37,282 (-83.1%)	$3.699M (-81.6%)	0.2%	—	—	COM NEW	92839U206
DTE	DTE ENERGY CO	155,703 (-40.5%)	$23.72M (-38.0%)	1.3%	—	—	COM	233331107
WMG	WARNER MUSIC GROUP CORP	213,949 (-72.3%)	$5.792M (-70.6%)	0.3%	—	—	COM CL A	934550203
NFG	NATIONAL FUEL GAS CO	64,082 (-64.8%)	$4.948M (-71.1%)	0.3%	—	—	COM	636180101
CORZ	CORE SCIENTIFIC INC NEW	1,563,413 (-55.0%)	$40.01M (-23.0%)	2.3%	—	—	COM	21874A106
BKH	BLACK HILLS CORP	1,481,404 (-15.5%)	$110M (-9.4%)	6.2%	—	—	COM	092113109
DAN	DANA INC	1,066,246 (-11.1%)	$29.01M (-28.1%)	1.6%	—	—	COM	235825205
TRGP	TARGA RES CORP	36,231 (-52.7%)	$9.715M (-49.4%)	0.5%	—	—	COM	87612G101
GNRC	GENERAC HLDGS INC	100,729 (-10.9%)	$29.49M (+33.6%)	1.7%	—	—	COM	368736104
MWH	SOLV ENERGY INC	400,000 (-42.6%)	$13.62M (-34.9%)	0.8%	—	—	COM SHS CL A	78475V103
ABG	ASBURY AUTOMOTIVE GROUP INC	16,466 (-68.2%)	$3.311M (-67.2%)	0.2%	—	—	COM	043436104
LAD	LITHIA MTRS INC	49,710 (-37.8%)	$14.44M (-27.6%)	0.8%	—	—	COM	536797103
NRG	NRG ENERGY INC	68,264 (-24.2%)	$9.971M (-24.2%)	0.6%	—	—	COM NEW	629377508
HAL	HALLIBURTON CO	134,457 (-26.9%)	$4.565M (-36.4%)	0.3%	—	—	COM	406216101
DAR	DARLING INGREDIENTS INC	21,319 (-63.7%)	$1.164M (-67.9%)	0.1%	—	—	COM	237266101
LGN	LEGENCE CORP	75,000 (-6.3%)	$6.392M (+41.5%)	0.4%	—	—	CL A	52476L109
CAT	CATERPILLAR INC	20,906 (-38.6%)	$22.26M (-7.7%)	1.3%	—	—	COM	149123101
JAGU	JAGUAR URANIUM CORP	520,201 (-25.7%)	$869K (-54.9%)	0.0%	—	—	CL A COM SHS	47010E108
SARO	STANDARDAERO INC	100,000 (-33.3%)	$2.991M (-22.8%)	0.2%	—	—	COM	85423L103
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	113,215 (-31.7%)	$8.816M (-7.6%)	0.5%	—	—	CL A	499049104
DTM	DT MIDSTREAM INC	13,280 (-16.0%)	$1.949M (-8.5%)	0.1%	—	—	COMMON STOCK	23345M107
WOLF	WOLFSPEED INC	10,000 (-50.0%)	$483K (+47.8%)	0.0%	—	—	COMMON STOCK	97785W106

Unchanged Positions (2)

TRP TC ENERGY CORP 1.1%

Value $20.12M Shares 303,624 Est. Cost — Unrealized —

STLA STELLANTIS N.V 0.0%

Value $737K Shares 148,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRP	TC ENERGY CORP	303,624	$20.12M	1.1%	—	—	COM	87807B107
STLA	STELLANTIS N.V	148,000	$737K	0.0%	—	—	CALL	N82405106