Location: Raleigh, NC
CIK: 0002031771 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 14, 2025
Total Value: $310M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| AR | ANTERO RESOURCES CORP | 832,500 | $27.94M | 9.0% | $35.96 | -7.3% | COM | 03674X106 |
| EQT | EQT CORP | 471,500 | $25.66M | 8.3% | $52.41 | +0.4% | COM | 26884L109 |
| CTRA | COTERRA ENERGY INC | 959,000 | $22.68M | 7.3% | $24.80 | -4.0% | COM | 127097103 |
| CVE | CENOVUS ENERGY INC | 1,060,000 | $18.01M | 5.8% | $12.88 | +21.2% | COM | 15135U109 |
| FRO | FRONTLINE PLC | 569,201 | $12.97M | 4.2% | $16.28 | +24.4% | COM | M46528101 |
| IMO | IMPERIAL OIL LTD | 139,600 | $12.67M | 4.1% | $70.25 | +21.8% | COM NEW | 453038408 |
| VLO | VALERO ENERGY CORP | 72,700 | $12.38M | 4.0% | $147.81 | 0.0% | COM | 91913Y100 |
| DINO | HF SINCLAIR CORP | 235,300 | $12.32M | 4.0% | $39.48 | +18.3% | COM | 403949100 |
| MTDR | MATADOR RES CO | 270,700 | $12.16M | 3.9% | $51.36 | -4.9% | COM | 576485205 |
| STNG | SCORPIO TANKERS INC | 195,900 | $10.98M | 3.5% | $40.42 | — | SHS | Y7542C130 |
| MGY | MAGNOLIA OIL & GAS CORP | 445,000 | $10.62M | 3.4% | $22.50 | +6.0% | CL A | 559663109 |
| GPOR | GULFPORT ENERGY CORP | 57,652 | $10.43M | 3.4% | $185.04 | -5.9% | COMMON SHARES | 402635502 |
| TDW | TIDEWATER INC NEW | 191,700 | $10.22M | 3.3% | $44.50 | +23.2% | COM | 88642R109 |
| UNG | UNITED STS NAT GAS FD LP | 773,075 | $10.1M | 3.3% | $13.07 | — | UNIT PAR | 912318409 |
| FANG | DIAMONDBACK ENERGY INC | 61,500 | $8.801M | 2.8% | $145.69 | -3.3% | COM | 25278X109 |
| RIG | TRANSOCEAN LTD | 2,633,797 | $8.217M | 2.6% | $2.72 | +10.9% | REGISTERED SHS | H8817H100 |
| CIVI | CIVITAS RESOURCES INC | 246,700 | $8.018M | 2.6% | $29.81 | +4.3% | COM NEW | 17888H103 |
| PBF | PBF ENERGY INC | 244,600 | $7.38M | 2.4% | $26.14 | 0.0% | CL A | 69318G106 |
| BKV | BKV CORP | 266,913 | $6.174M | 2.0% | $20.86 | +4.5% | COM | 05603J108 |
| KMI | KINDER MORGAN INC DEL | 216,900 | $6.14M | 2.0% | $26.76 | +0.8% | COM | 49456B101 |
| SLB | SCHLUMBERGER LTD | 165,000 | $5.671M | 1.8% | $34.34 | 0.0% | COM STK | 806857108 |
| CRK | COMSTOCK RES INC | 276,700 | $5.487M | 1.8% | $18.94 | -2.3% | COM | 205768302 |
| WMB | WILLIAMS COS INC | 82,800 | $5.245M | 1.7% | $57.67 | +0.3% | COM | 969457100 |
| DK | DELEK US HLDGS INC NEW | 154,500 | $4.986M | 1.6% | $16.53 | +56.3% | COM | 24665A103 |
| PR | PERMIAN RESOURCES CORP | 370,000 | $4.736M | 1.5% | $13.71 | 0.0% | CLASS A COM | 71424F105 |
| EOG | EOG RES INC | 39,800 | $4.462M | 1.4% | $124.50 | -5.3% | COM | 26875P101 |
| HESM | HESS MIDSTREAM LP | 99,000 | $3.42M | 1.1% | $35.52 | +6.1% | CL A SHS | 428103105 |
| OKE | ONEOK INC NEW | 40,800 | $2.977M | 1.0% | $75.06 | 0.0% | COM | 682680103 |
| TRMD | TORM PLC | 125,400 | $2.586M | 0.8% | $15.76 | +23.0% | SHS CL A | G89479102 |
| SDRL | SEADRILL LTD | 79,600 | $2.405M | 0.8% | $23.60 | +29.1% | COM | G7997W102 |
| TRP | TC ENERGY CORP | 38,000 | $2.068M | 0.7% | $50.20 | 0.0% | COM | 87807B107 |
| HAFN | HAFNIA LTD | 334,000 | $2.001M | 0.6% | $5.72 | 0.0% | SHS | Y2990R101 |
| MNR | MACH NATURAL RESOURCES LP | 147,700 | $1.947M | 0.6% | $13.18 | — | COM UNIT LTD PAR | 55445L100 |
| GPOR | GULFPORT ENERGY CORP | 9,000 | $1.629M | 0.5% | $185.04 | -5.9% | Call | 402635502 |
| NOG | NORTHERN OIL & GAS INC | 53,000 | $1.314M | 0.4% | $26.52 | 0.0% | COM | 665531307 |
| BOIL | PROSHARES TR II | 29,000 | $870K | 0.3% | $29.99 | — | ULTRA BLOOMBERG | 74347Y748 |
| CNX | CNX RES CORP | 23,200 | $745K | 0.2% | $30.12 | +1.7% | COM | 12653C108 |
| DNOW | DNOW INC | 47,300 | $721K | 0.2% | $15.09 | 0.0% | COM | 67011P100 |
| WHD | CACTUS INC | 15,000 | $592K | 0.2% | $41.74 | +0.8% | CL A | 127203107 |
| WTTR | SELECT WATER SOLUTIONS INC | 54,900 | $587K | 0.2% | $12.22 | — | CL A COM | 81617J301 |
| WULF | TERAWULF INC | 50,000 | $571K | 0.2% | $7.64 | 0.0% | COM | 88080T104 |
| FTI | TECHNIPFMC PLC | 12,570 | $496K | 0.2% | $28.27 | +29.2% | COM | G87110105 |
| NESR | NATIONAL ENERGY SERVICES REU | 42,000 | $431K | 0.1% | $8.01 | 0.0% | SHS | G6375R107 |
| ECO | OKEANIS ECO TANKERS COR | 10,100 | $296K | 0.1% | $26.04 | 0.0% | SHS | Y64177101 |