Location: Houston, TX
CIK: 0001767809 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 14, 2025
Total Value: $506M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | SPDR SERIES TRUST | 870,000 | $55.07M | 10.9% | — | — | Call | 78464A908 |
| — | NUTRIEN LTD | 813,000 | $47.73M | 9.4% | — | — | Put | 67077M958 |
| SDRL | SEADRILL LTD | 1,269,299 | $38.74M | 7.7% | $36.31 | -16.1% | COM | G7997W102 |
| — | SPDR S&P 500 ETF TR | 50,000 | $33.31M | 6.6% | — | — | Put | 78462F953 |
| BG | BUNGE GLOBAL SA | 266,664 | $21.98M | 4.3% | $79.21 | 0.0% | COM SHS | H11356104 |
| DAR | DARLING INGREDIENTS INC | 667,347 | $20.45M | 4.0% | $34.08 | -2.0% | COM | 237266101 |
| VLO | VALERO ENERGY CORP | 114,900 | $19.78M | 3.9% | $147.81 | 0.0% | COM | 91913Y100 |
| GLD | SPDR GOLD TR | 48,300 | $17.02M | 3.4% | $318.71 | — | GOLD SHS | 78463V107 |
| DINO | HF SINCLAIR CORP | 312,400 | $16.39M | 3.2% | $44.97 | +3.9% | COM | 403949100 |
| OLN | OLIN CORP | 623,386 | $15.24M | 3.0% | $21.24 | +3.0% | COM PAR $1 | 680665205 |
| KRE | SPDR SERIES TRUST | 214,300 | $13.62M | 2.7% | $63.57 | — | S&P REGL BKG | 78464A698 |
| IAG | IAMGOLD CORP | 1,050,227 | $13.47M | 2.7% | $8.09 | +8.2% | COM | 450913108 |
| RIO | RIO TINTO PLC | 174,400 | $11.5M | 2.3% | $65.92 | — | SPONSORED ADR | 767204100 |
| ARIS | ARIS MNG CORP | 1,018,106 | $10M | 2.0% | $7.97 | 0.0% | COM | 04040Y109 |
| — | BUNGE GLOBAL SA | 100,000 | $8.125M | 1.6% | — | — | Call | H11356904 |
| — | AMPLIFY ENERGY CORP NEW | 1,500,000 | $7.875M | 1.6% | — | — | Call | 03212B903 |
| ADM | ARCHER DANIELS MIDLAND CO | 127,300 | $7.677M | 1.5% | $57.76 | 0.0% | COM | 039483102 |
| TSN | TYSON FOODS INC | 131,298 | $7.113M | 1.4% | $55.93 | -2.7% | CL A | 902494103 |
| B | BARRICK MNG CORP | 203,000 | $6.727M | 1.3% | $25.15 | 0.0% | COM SHS | 06849F108 |
| BTU | PEABODY ENERGY CORP | 247,600 | $6.638M | 1.3% | $17.75 | 0.0% | COM | 704551100 |
| VLRS | CONTROLADORA VUELA COMP DE A | 972,195 | $6.63M | 1.3% | $6.82 | — | SPON ADR RP 10 | 21240E105 |
| GSM | FERROGLOBE PLC | 1,494,911 | $6.503M | 1.3% | $5.16 | -17.5% | SHS | G33856108 |
| SHW | SHERWIN WILLIAMS CO | 18,700 | $6.413M | 1.3% | $351.39 | 0.0% | COM | 824348106 |
| STLD | STEEL DYNAMICS INC | 44,770 | $6.218M | 1.2% | $130.39 | 0.0% | COM | 858119100 |
| — | CLEVELAND-CLIFFS INC NEW | 500,300 | $6.104M | 1.2% | — | — | Call | 185899901 |
| — | IREN LIMITED | 130,000 | $6.101M | 1.2% | — | — | Put | Q4982L959 |
| IBIT | ISHARES BITCOIN TRUST ETF | 92,900 | $6.036M | 1.2% | $64.97 | — | SHS BEN INT | 46438F101 |
| SCCO | SOUTHERN COPPER CORP | 48,700 | $5.897M | 1.2% | $97.73 | 0.0% | COM | 84265V105 |
| AMZN | AMAZON COM INC | 22,900 | $5.088M | 1.0% | $226.35 | 0.0% | COM | 023135106 |
| EXE | EXPAND ENERGY CORPORATION | 41,900 | $4.475M | 0.9% | $99.11 | 0.0% | COM | 165167735 |
| RRC | RANGE RES CORP | 115,900 | $4.332M | 0.9% | $35.71 | 0.0% | COM | 75281A109 |
| — | SABLE OFFSHORE CORP | 240,000 | $4.19M | 0.8% | — | — | Call | 78574H904 |
| SGML | SIGMA LITHIUM CORPORATION | 570,089 | $3.877M | 0.8% | $12.39 | -51.4% | COM | 826599102 |
| WLK | WESTLAKE CORPORATION | 46,200 | $3.558M | 0.7% | $98.13 | -16.1% | COM | 960413102 |
| — | HUNTSMAN CORP | 300,000 | $2.694M | 0.5% | — | — | Call | 447011907 |
| — | OLIN CORP | 100,000 | $2.499M | 0.5% | — | — | Call | 680665905 |
| CENX | CENTURY ALUM CO | 83,991 | $2.469M | 0.5% | $17.36 | +30.6% | COM | 156431108 |
| NUE | NUCOR CORP | 17,900 | $2.436M | 0.5% | $140.51 | 0.0% | COM | 670346105 |
| AR | ANTERO RESOURCES CORP | 64,900 | $2.177M | 0.4% | $33.33 | 0.0% | COM | 03674X106 |
| EQT | EQT CORP | 38,800 | $2.113M | 0.4% | $52.61 | 0.0% | COM | 26884L109 |
| CIVI | CIVITAS RESOURCES INC | 61,300 | $2.038M | 0.4% | $31.09 | 0.0% | COM NEW | 17888H103 |
| GPOR | GULFPORT ENERGY CORP | 11,300 | $2.036M | 0.4% | $174.05 | 0.0% | COMMON SHARES | 402635502 |
| — | TRONOX HOLDINGS PLC | 500,000 | $2.01M | 0.4% | — | — | Call | G9087Q902 |
| PARR | PAR PAC HOLDINGS INC | 54,200 | $1.94M | 0.4% | $19.02 | +71.1% | COM NEW | 69888T207 |
| — | PLUG POWER INC | 800,000 | $1.864M | 0.4% | — | — | Put | 72919P952 |
| — | HYLIION HOLDINGS CORP | 927,600 | $1.827M | 0.4% | — | — | Call | 449109907 |
| LUV | SOUTHWEST AIRLS CO | 55,410 | $1.809M | 0.4% | $31.12 | +4.2% | COM | 844741108 |
| — | TERAWULF INC | 150,000 | $1.713M | 0.3% | — | — | Put | 88080T954 |
| — | OKLO INC | 15,100 | $1.686M | 0.3% | — | — | Put | 02156V959 |
| HOG | HARLEY DAVIDSON INC | 57,850 | $1.654M | 0.3% | $26.84 | 0.0% | COM | 412822108 |
| PII | POLARIS INC | 23,391 | $1.391M | 0.3% | $48.72 | +10.7% | COM | 731068102 |
| — | COREWEAVE INC | 10,000 | $1.369M | 0.3% | — | — | Put | 21873S958 |
| CMC | COMMERCIAL METALS CO | 22,600 | $1.295M | 0.3% | $45.91 | +19.7% | COM | 201723103 |
| — | CIPHER MINING INC | 100,000 | $1.259M | 0.2% | — | — | Put | 17253J956 |
| CWH | CAMPING WORLD HLDGS INC | 76,865 | $1.25M | 0.2% | $16.24 | +3.5% | CL A | 13462K109 |
| WGO | WINNEBAGO INDS INC | 34,315 | $1.16M | 0.2% | $32.87 | +0.4% | COM | 974637100 |
| INVX | INNOVEX INTERNATIONAL INC | 60,909 | $1.121M | 0.2% | $16.17 | +2.9% | COM | 457651107 |
| XHB | SPDR SERIES TRUST | 9,000 | $996K | 0.2% | $110.63 | — | S&P HOMEBUILD | 78464A888 |
| GPRE | GREEN PLAINS INC | 103,800 | $950K | 0.2% | $8.76 | 0.0% | COM | 393222104 |
| THO | THOR INDS INC | 8,820 | $924K | 0.2% | $86.27 | +15.6% | COM | 885160101 |
| DOO | BRP INC | 13,980 | $845K | 0.2% | $47.06 | +18.9% | COM SUN VTG | 05577W200 |
| RYAAY | RYANAIR HOLDINGS PLC | 14,070 | $823K | 0.2% | $58.51 | — | SPONSORED ADR | 783513203 |
| SLSR | SOLARIS RES INC | 126,800 | $806K | 0.2% | $5.31 | 0.0% | COM NEW | 83419D201 |
| LTM | LATAM AIRLINES GROUP SA | 17,945 | $801K | 0.2% | $44.65 | — | SPONSORED ADR | 51817R205 |
| SD | SANDRIDGE ENERGY INC | 59,200 | $666K | 0.1% | $11.04 | 0.0% | COM NEW | 80007P869 |
| CPA | COPA HOLDINGS SA | 4,875 | $581K | 0.1% | $111.94 | 0.0% | CL A | P31076105 |
| SKYW | SKYWEST INC | 5,545 | $558K | 0.1% | $111.71 | 0.0% | COM | 830879102 |
| VTWO | VANGUARD SCOTTSDALE FDS | 4,151 | $405K | 0.1% | $97.67 | — | VNG RUS2000IDX | 92206C664 |
| RGR | STURM RUGER & CO INC | 9,000 | $385K | 0.1% | $36.06 | 0.0% | COM | 864159108 |
| SNCY | SUN CTRY AIRLS HLDGS INC | 28,300 | $339K | 0.1% | $10.99 | +12.5% | COM | 866683105 |
| NCLH | NORWEGIAN CRUISE LINE HLDG L | 12,708 | $315K | 0.1% | $24.29 | 0.0% | SHS | G66721104 |
| APLD | APPLIED DIGITAL CORP | 14,000 | $310K | 0.1% | $14.81 | 0.0% | COM NEW | 038169207 |
| SPHR | SPHERE ENTERTAINMENT CO | 4,990 | $310K | 0.1% | $33.86 | +39.4% | CL A | 55826T102 |
| WBI | WATERBRIDGE INFRASTRUCTURE L | 10,000 | $245K | 0.0% | $23.45 | 0.0% | CL A SHS REPSTG | 940923105 |
| EVEX | EVE HLDG INC | 48,596 | $189K | 0.0% | $5.32 | 0.0% | COM | 29970N104 |
| EVLV | EVOLV TECHNOLOGIES HLDNGS IN | 17,400 | $137K | 0.0% | $7.30 | 0.0% | COM CL A | 30049H102 |