Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ANADARKO PETE CORP	653,996	$41.44M	5.4%	$63.36	—	COM	032511107
SM	SM ENERGY CO	1,062,121	$40.98M	5.4%	$29.33	-2.4%	COM	78454L100
—	QEP RES INC	1,968,991	$38.45M	5.0%	$14.69	—	COM	74733V100
COP	CONOCOPHILLIPS	834,200	$36.26M	4.8%	$30.77	+1.2%	COM	20825C104
—	CIMAREX ENERGY CO	258,700	$34.76M	4.6%	$97.27	—	COM	171798101
WMB	WILLIAMS COS INC DEL	1,100,872	$33.83M	4.4%	$16.23	0.0%	COM	969457100
—	PIONEER NAT RES CO	180,305	$33.47M	4.4%	$185.65	—	COM	723787107
—	U S SILICA HLDGS INC	615,513	$28.66M	3.8%	$20.20	—	COM	90346E103
—	ENERGEN CORP	472,230	$27.26M	3.6%	$46.10	—	COM	29265N108
—	PARSLEY ENERGY INC	804,584	$26.96M	3.5%	$18.35	—	CL A	701877102
—	NABORS INDUSTRIES LTD	2,133,014	$25.94M	3.4%	$8.51	—	SHS	G6359F103
—	CALLON PETE CO DEL	1,596,345	$25.06M	3.3%	$10.66	—	COM	13123X102
—	TRANSCANADA CORP	472,362	$22.47M	2.9%	$44.75	—	COM	89353D107
SU	SUNCOR ENERGY INC NEW	802,743	$22.3M	2.9%	$19.52	0.0%	COM	867224107
—	BAKER HUGHES INC	411,187	$20.75M	2.7%	$45.13	—	COM	057224107
—	DOW CHEM CO	374,460	$19.41M	2.5%	$51.07	—	COM	260543103
—	WHITING PETE CORP NEW	2,181,347	$19.07M	2.5%	$12.25	—	COM	966387102
LYB	LYONDELLBASELL INDUSTRIES N	221,149	$17.84M	2.3%	$47.35	-4.8%	SHS - A -	N53745100
AR	ANTERO RES CORP	542,217	$14.61M	1.9%	$26.63	0.0%	COM	03674X106
—	SOUTHWESTERN ENERGY CO	953,317	$13.19M	1.7%	$12.58	—	COM	845467109
—	CARRIZO OIL & GAS INC	298,000	$12.11M	1.6%	$40.17	—	COM	144577103
CE	CELANESE CORP DEL	177,904	$11.84M	1.6%	$52.01	+5.1%	COM SER A	150870103
—	HESS CORP	212,645	$11.4M	1.5%	$60.33	—	COM	42809H107
HAL	HALLIBURTON CO	250,115	$11.22M	1.5%	$29.89	+21.7%	COM	406216101
—	DIAMOND OFFSHORE DRILLING IN	632,200	$11.13M	1.5%	$17.61	—	COM	25271C102
—	BARRETT BILL CORP	2,002,035	$11.13M	1.5%	$5.98	—	COM	06846N104
RES	RPC INC	636,135	$10.69M	1.4%	$13.17	0.0%	COM	749660106
—	TESORO CORP	134,200	$10.68M	1.4%	$79.56	—	COM	881609101
TRGP	TARGA RES CORP	209,427	$10.29M	1.3%	$27.82	+3.8%	COM	87612G101
—	CONTINENTAL RESOURCES INC	196,703	$10.22M	1.3%	$45.27	—	COM	212015101
—	ENSCO PLC	1,171,668	$9.959M	1.3%	$9.44	—	SHS CLASS A	G3157S106
—	ENERPLUS RES FD	1,400,028	$8.984M	1.2%	$6.52	—	COM	292766102
—	RICE ENERGY INC	334,200	$8.726M	1.1%	$18.96	—	COM	762760106
—	WESTERN REFNG INC	311,490	$8.242M	1.1%	$26.46	—	COM	959319104
—	MONSANTO CO NEW	79,630	$8.138M	1.1%	$95.54	—	COM	61166W101
KMI	KINDER MORGAN INC DEL	349,400	$8.082M	1.1%	$13.06	0.0%	COM	49456B101
FMC	F M C CORP	157,137	$7.596M	1.0%	$33.05	0.0%	COM NEW	302491303
—	GRACE W R & CO DEL NEW	91,958	$6.787M	0.9%	$73.81	—	COM	38388F108
OIS	OIL STS INTL INC	198,700	$6.273M	0.8%	$30.65	+0.3%	COM	678026105
MPC	MARATHON PETE CORP	147,900	$6.003M	0.8%	$27.21	+11.5%	COM	56585A102
SHW	SHERWIN WILLIAMS CO	18,654	$5.161M	0.7%	$80.28	+10.9%	COM	824348106
—	PLAINS GP HLDGS L P	320,800	$4.151M	0.5%	$12.94	—	SHS A REP LTPN	72651A108
EMN	EASTMAN CHEM CO	55,454	$3.753M	0.5%	$51.28	-4.0%	COM	277432100
—	BERRY PLASTICS GROUP INC	64,915	$2.847M	0.4%	$34.61	—	COM	08579W103
—	FAIRMOUNT SANTROL HLDGS INC	299,230	$2.537M	0.3%	$8.03	—	COM	30555Q108
—	PRECISION DRILLING CORP	432,700	$1.809M	0.2%	$4.18	—	COM 2010	74022D308
—	KRATON CORPORATION	49,841	$1.746M	0.2%	$27.92	—	COM	50077C106
—	TALLGRASS ENERGY GP LP	67,200	$1.616M	0.2%	$24.05	—	SHS CL A	874696107
NGVT	INGEVITY CORP	32,800	$1.512M	0.2%	$42.23	0.0%	COM	45688C107
TS	TENARIS S A	44,505	$1.264M	0.2%	$23.89	—	SPONSORED ADR	88031M109
—	SILVER RUN ACQUISITION CORP	80,228	$1.264M	0.2%	$15.76	—	CL A	82811P101
—	UNIVAR INC	36,850	$805K	0.1%	$21.85	—	COM	91336L107
—	SILVER RUN ACQUISITION CORP	43,872	$790K	0.1%	$18.01	—	UNIT 99/99/9999T	82811P200
—	INDEPENDENCE CONTRACT DRIL I	93,500	$491K	0.1%	$5.25	—	COM	453415309
—	TRINSEO S A	7,736	$438K	0.1%	$31.21	—	SHS	L9340P101
—	GULFPORT ENERGY CORP	12,550	$355K	0.0%	$32.82	—	COM NEW	402635304