Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CTRA	CABOT OIL & GAS CORP	1,688,195	$39.44M	6.2%	$16.40	0.0%	COM	127097103
—	ENERGEN CORP	655,252	$37.79M	5.9%	$49.33	—	COM	29265N108
—	CIMAREX ENERGY CO	272,700	$37.06M	5.8%	$99.25	—	COM	171798101
—	ANADARKO PETE CORP	531,160	$37.04M	5.8%	$63.36	—	COM	032511107
SM	SM ENERGY CO	975,120	$33.62M	5.3%	$29.33	+10.2%	COM	78454L100
HAL	HALLIBURTON CO	586,215	$31.71M	5.0%	$36.66	+13.7%	COM	406216101
SU	SUNCOR ENERGY INC NEW	940,773	$30.75M	4.8%	$19.88	+10.8%	COM	867224107
WMB	WILLIAMS COS INC DEL	963,072	$29.99M	4.7%	$16.23	+14.3%	COM	969457100
DVN	DEVON ENERGY CORP NEW	582,065	$26.58M	4.2%	$31.13	0.0%	COM	25179M103
VLO	VALERO ENERGY CORP NEW	370,700	$25.33M	4.0%	$42.78	0.0%	COM	91913Y100
—	OASIS PETE INC NEW	1,393,109	$21.09M	3.3%	$15.14	—	COM	674215108
—	U S SILICA HLDGS INC	339,413	$19.24M	3.0%	$20.20	—	COM	90346E103
—	PARSLEY ENERGY INC	494,384	$17.42M	2.7%	$18.35	—	CL A	701877102
RES	RPC INC	871,835	$17.27M	2.7%	$14.01	+16.1%	COM	749660106
COP	CONOCOPHILLIPS	316,490	$15.87M	2.5%	$30.77	+13.0%	COM	20825C104
—	CALLON PETE CO DEL	951,940	$14.63M	2.3%	$10.66	—	COM	13123X102
—	SOUTHWESTERN ENERGY CO	1,350,702	$14.62M	2.3%	$12.06	—	COM	845467109
TRGP	TARGA RES CORP	255,256	$14.31M	2.2%	$28.99	+18.4%	COM	87612G101
FANG	DIAMONDBACK ENERGY INC	141,100	$14.26M	2.2%	$77.21	0.0%	COM	25278X109
—	DOW CHEM CO	234,541	$13.42M	2.1%	$51.07	—	COM	260543103
PTEN	PATTERSON UTI ENERGY INC	480,983	$12.95M	2.0%	$24.70	0.0%	COM	703481101
KMI	KINDER MORGAN INC DEL	613,600	$12.71M	2.0%	$13.08	+0.2%	COM	49456B101
—	PRECISION DRILLING CORP	2,063,330	$11.24M	1.8%	$5.18	—	COM 2010	74022D308
—	ENCANA CORP	952,738	$11.19M	1.7%	$11.74	—	COM	292505104
CC	CHEMOURS CO	438,197	$9.68M	1.5%	$15.00	0.0%	COM	163851108
—	CHESAPEAKE ENERGY CORP	1,317,181	$9.247M	1.4%	$7.02	—	COM	165167107
MDU	MDU RES GROUP INC	270,950	$7.795M	1.2%	$7.89	0.0%	COM	552690109
—	NATIONAL OILWELL VARCO INC	182,255	$6.824M	1.1%	$37.44	—	COM	637071101
—	GRACE W R & CO DEL NEW	98,712	$6.677M	1.0%	$73.38	—	COM	38388F108
—	QEP RES INC	323,341	$5.953M	0.9%	$14.69	—	COM	74733V100
—	ENERPLUS RES FD	563,528	$5.347M	0.8%	$6.52	—	COM	292766102
—	FORUM ENERGY TECHNOLOGIES IN	223,300	$4.913M	0.8%	$22.00	—	COM	34984V100
—	TRINSEO S A	82,101	$4.869M	0.8%	$56.66	—	SHS	L9340P101
SHW	SHERWIN WILLIAMS CO	16,900	$4.542M	0.7%	$80.28	+1.4%	COM	824348106
—	UNIVAR INC	136,580	$3.875M	0.6%	$26.61	—	COM	91336L107
NGVT	INGEVITY CORP	69,514	$3.814M	0.6%	$45.25	+6.0%	COM	45688C107
MPC	MARATHON PETE CORP	71,069	$3.578M	0.6%	$27.21	+25.8%	COM	56585A102
—	BERRY PLASTICS GROUP INC	68,100	$3.319M	0.5%	$35.27	—	COM	08579W103
—	RESOLUTE ENERGY CORP	73,300	$3.019M	0.5%	$41.19	—	COM NEW	76116A306
MEOH	METHANEX CORP	60,883	$2.667M	0.4%	$39.94	0.0%	COM	59151K108
OLN	OLIN CORP	91,241	$2.337M	0.4%	$18.41	0.0%	COM PAR $1	680665205
E	ENI S P A	64,100	$2.067M	0.3%	$32.25	—	SPONSORED ADR	26874R108
—	INDEPENDENCE CONTRACT DRIL I	307,660	$2.061M	0.3%	$6.26	—	COM	453415309
OXY	OCCIDENTAL PETE CORP DEL	28,000	$1.994M	0.3%	$55.00	0.0%	COM	674599105
PAGP	PLAINS GP HLDGS L P	48,500	$1.682M	0.3%	$34.68	—	LTD PARTNR INT A	72651A207
—	TALLGRASS ENERGY GP LP	55,100	$1.477M	0.2%	$24.05	—	SHS CL A	874696107
—	CALIFORNIA RES CORP	53,940	$1.148M	0.2%	$21.28	—	COM NEW	13057Q206
APD	AIR PRODS & CHEMS INC	6,900	$992K	0.2%	$111.62	0.0%	COM	009158106
—	PIONEER ENERGY SVCS CORP	85,878	$588K	0.1%	$6.85	—	COM	723664108