Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	HESS CORP	737,895	$35.77M	4.9%	$62.05	—	COM	42809H107
CNQ	CANADIAN NAT RES LTD	1,619,900	$35.36M	4.8%	$7.23	0.0%	COM	136385101
—	NEWFIELD EXPL CO	1,075,187	$35.01M	4.8%	$32.74	—	COM	651290108
—	PARSLEY ENERGY INC	1,768,312	$32.63M	4.4%	$17.39	—	CL A	701877102
—	COLUMBIA PIPELINE GROUP INC	1,615,800	$32.32M	4.4%	$20.00	—	COM	198280109
SM	SM ENERGY CO	1,603,247	$31.52M	4.3%	$30.33	-10.4%	COM	78454L100
—	WHITING PETE CORP NEW	3,172,300	$29.95M	4.1%	$18.06	—	COM	966387102
—	NABORS INDUSTRIES LTD	3,162,100	$26.91M	3.7%	$8.51	—	SHS	G6359F103
—	RICE ENERGY INC	2,418,100	$26.36M	3.6%	$14.30	—	COM	762760106
EQT	EQT CORP	462,990	$24.14M	3.3%	$35.70	-13.5%	COM	26884L109
TRGP	TARGA RES CORP	794,800	$21.51M	2.9%	$27.03	0.0%	COM	87612G101
—	GULFPORT ENERGY CORP	839,400	$20.62M	2.8%	$33.73	—	COM NEW	402635304
—	STATOIL ASA	1,466,700	$20.48M	2.8%	$14.82	—	SPONSORED ADR	85771P102
—	MEMORIAL RESOURCE DEV CORP	1,259,200	$20.34M	2.8%	$17.56	—	COM	58605Q109
—	PDC ENERGY INC	312,623	$16.69M	2.3%	$53.02	—	COM	69327R101
—	WEATHERFORD INTL PLC	1,979,100	$16.61M	2.3%	$8.48	—	ORD SHS	G48833100
DVN	DEVON ENERGY CORP NEW	509,000	$16.29M	2.2%	$28.36	0.0%	COM	25179M103
—	EP ENERGY CORP	3,548,200	$15.54M	2.1%	$6.49	—	CL A	268785102
—	QEP RES INC	1,096,800	$14.7M	2.0%	$13.40	—	COM	74733V100
—	RSP PERMIAN INC	570,500	$13.91M	1.9%	$23.73	—	COM	74978Q105
TS	TENARIS S A	570,200	$13.57M	1.8%	$23.89	—	SPONSORED ADR	88031M109
—	U S SILICA HLDGS INC	671,850	$12.58M	1.7%	$18.73	—	COM	90346E103
ENB	ENBRIDGE INC	367,249	$12.19M	1.7%	$26.76	-21.9%	COM	29250N105
BP	BP PLC	382,982	$11.97M	1.6%	$31.28	—	SPONSORED ADR	055622104
PPG	PPG INDS INC	120,100	$11.87M	1.6%	$84.35	-0.3%	COM	693506107
SEE	SEALED AIR CORP NEW	258,600	$11.53M	1.6%	$42.06	-7.3%	COM	81211K100
EMN	EASTMAN CHEM CO	147,900	$9.985M	1.4%	$52.00	-3.2%	COM	277432100
—	ENERPLUS CORP	2,873,887	$9.868M	1.3%	$3.43	—	COM	292766102
E	ENI S P A	329,400	$9.816M	1.3%	$29.80	—	SPONSORED ADR	26874R108
EOG	EOG RES INC	138,100	$9.776M	1.3%	$60.82	-1.7%	COM	26875P101
BTE	BAYTEX ENERGY CORP	2,956,700	$9.576M	1.3%	$3.73	0.0%	COM	07317Q105
—	GRACE W R & CO DEL NEW	95,000	$9.461M	1.3%	$97.18	—	COM	38388F108
—	SUPERIOR ENERGY SVCS INC	653,160	$8.798M	1.2%	$13.47	—	COM	868157108
PBF	PBF ENERGY INC	235,300	$8.661M	1.2%	$35.26	0.0%	CL A	69318G106
ALB	ALBEMARLE CORP	140,710	$7.881M	1.1%	$48.97	-8.8%	COM	012653101
VLO	VALERO ENERGY CORP NEW	109,800	$7.764M	1.1%	$45.50	0.0%	COM	91913Y100
LYB	LYONDELLBASELL INDUSTRIES N	88,500	$7.691M	1.0%	$52.02	0.0%	SHS - A -	N53745100
CE	CELANESE CORP DEL	106,400	$7.164M	1.0%	$52.65	+6.2%	COM SER A	150870103
—	EXTERRAN CORP	431,311	$6.923M	0.9%	$16.05	—	COM	30227H106
—	CONTINENTAL RESOURCES INC	274,800	$6.315M	0.9%	$28.97	—	COM	212015101
—	BERRY PLASTICS GROUP INC	152,700	$5.525M	0.8%	$31.75	—	COM	08579W103
—	CALLON PETE CO DEL	636,200	$5.306M	0.7%	$8.34	—	COM	13123X102
—	TRINSEO S A	178,437	$5.032M	0.7%	$25.25	—	SHS	L9340P101
OIS	OIL STS INTL INC	178,200	$4.856M	0.7%	$29.75	0.0%	COM	678026105
AROC	ARCHROCK INC	635,200	$4.777M	0.6%	$8.04	0.0%	COM	03957W106
—	ENCANA CORP	880,350	$4.479M	0.6%	$9.05	—	COM	292505104
HAL	HALLIBURTON CO	125,700	$4.279M	0.6%	$32.88	-5.8%	COM	406216101
—	PIONEER NAT RES CO	33,900	$4.25M	0.6%	$121.64	—	COM	723787107
SHW	SHERWIN WILLIAMS CO	15,600	$4.05M	0.6%	$79.61	-1.1%	COM	824348106
—	BAKER HUGHES INC	84,600	$3.904M	0.5%	$54.79	—	COM	057224107
—	HOLLYFRONTIER CORP	60,900	$2.429M	0.3%	$43.51	—	COM	436106108
CVX	CHEVRON CORP NEW	18,418	$1.657M	0.2%	$58.43	0.0%	COM	166764100
RES	RPC INC	131,700	$1.574M	0.2%	$10.39	0.0%	COM	749660106
—	FAIRMOUNT SANTROL HLDGS INC	662,300	$1.556M	0.2%	$2.35	—	COM	30555Q108
CC	CHEMOURS CO	277,000	$1.485M	0.2%	$4.61	0.0%	COM	163851108
OEC	ORION ENGINEERED CARBONS S A	25,000	$315K	0.0%	$13.16	0.0%	COM	L72967109