Location: San Antonio, TX
CIK: 0000754811 · Show all filings
Period: Q4 2022 (← Previous) (Next →)
Filing Date: Feb 3, 2023
Total Value: $1.683B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| DAL | DELTA AIR LI | 6,681,243 | $220M | 13.0% | $32.86 * | $34.12 | -6.3% | COM NEW | 247361702 |
| AAL | AMERICAN AIRLINE | 16,743,035 | $213M | 12.7% | $12.72 | $15.92 | -20.1% | COM | 02376R102 |
| LUV | SOUTHWEST AIR | 6,044,770 | $204M | 12.1% | $33.67 * | $38.37 | -18.4% | COM | 844741108 |
| UAL | UNITED AIRLINES | 5,228,088 | $197M | 11.7% | $37.70 | $42.12 | -10.5% | COM | 910047109 |
| ALK | ALASKA AIR GROUP | 1,402,588 | $60.23M | 3.6% | $42.94 | $41.96 | +2.3% | COM | 011659109 |
| SKYW | SKYWEST INC | 3,513,646 | $58.01M | 3.4% | $16.51 | $33.30 | -50.4% | COM | 830879102 |
| ALGT | ALLEGIANT TRAVEL | 849,473 | $57.76M | 3.4% | $67.99 * | $110.31 | -40.4% | COM | 01748X102 |
| JBLU | JETBLUE AIRWAYS | 8,075,534 | $52.33M | 3.1% | $6.48 | $12.55 | -48.4% | COM | 477143101 |
| ULCC | FRONTIER GROUP H | 5,007,798 | $51.43M | 3.1% | $10.27 | $10.12 | +1.5% | COM | 35909R108 |
| — | HAWAIIAN HOLDING | 4,775,234 | $48.99M | 2.9% | $10.26 | $22.22 | — | COM | 419879101 |
| BA | BOEING CO/THE | 240,869 | $45.88M | 2.7% | $190.49 | $163.57 | +16.5% | COM | 097023105 |
| SABR | SABRE CORP | 7,241,402 | $44.75M | 2.7% | $6.18 | $6.54 | -5.5% | COM | 78573M104 |
| GD | GENERAL DYNAMICS | 173,181 | $42.97M | 2.6% | $248.11 * | $135.67 | +71.6% | COM | 369550108 |
| BKNG | BOOKING HOLDINGS | 21,190 | $42.7M | 2.5% | $2015.28 | $2296.59 | -13.7% | COM | 09857L108 |
| TXT | TEXTRON INC | 587,583 | $41.6M | 2.5% | $70.80 | $64.33 | +9.7% | COM | 883203101 |
| TRIP | TRIPADVISOR INC | 2,268,380 | $40.79M | 2.4% | $17.98 | $37.88 | -52.5% | COM | 896945201 |
| EXPE | EXPEDIA GROUP IN | 445,199 | $39M | 2.3% | $87.60 | $158.66 | -45.2% | COM NEW | 30212P303 |
| TCOM | TRIP.COM GRO-ADR | 650,058 | $22.36M | 1.3% | $34.40 | $28.46 | +20.9% | ADS | 89677Q107 |
| RYAAY | RYANAIR HLDG-ADR | 284,739 | $21.29M | 1.3% | $74.76 | $107.16 | -30.2% | SPONSORED ADS | 783513203 |
| EMBJ | EMBRAER SA-ADR | 1,047,767 | $11.45M | 0.7% | $10.93 | $14.55 | -24.9% | SPONSORED ADS | 29082A107 |
| FNV | FRANCO-NEVADA CO | 80,771 | $11.02M | 0.7% | $136.48 * | $116.06 | +14.4% | COM | 351858105 |
| MMYT | MAKEMYTRIP LTD | 389,523 | $10.74M | 0.6% | $27.57 | $30.61 | -9.9% | SHS | V5633W109 |
| CPA | COPA HOLDIN-CL A | 124,981 | $10.39M | 0.6% | $83.17 * | $68.61 | +3.1% | CL A | P31076105 |
| — | AZUL SA-ADR | 1,680,203 | $10.27M | 0.6% | $6.11 | $12.27 | — | SPONSR ADR PFD | 05501U106 |
| ASR | GRUPO AEROPO-ADR | 42,699 | $9.948M | 0.6% | $232.99 | $204.10 | +14.2% | SPON ADR SER B | 40051E202 |
| RGLD | ROYAL GOLD INC | 87,608 | $9.875M | 0.6% | $112.72 | $113.56 | -0.7% | COM | 780287108 |
| WPM | WHEATON PRECIOUS | 245,241 | $9.584M | 0.6% | $39.08 * | $26.31 | +44.4% | COM | 962879102 |
| AGI | ALAMOS GOLD INC | 520,000 | $5.257M | 0.3% | $10.11 | $7.25 | +37.3% | COM CL A | 011532108 |
| SBSW | SIBANYE-STI-ADR | 459,256 | $4.896M | 0.3% | $10.66 | $11.82 | -9.8% | SPONSORED ADR | 82575P107 |
| IAG | IAMGOLD CORP | 1,699,642 | $4.385M | 0.3% | $2.58 | $2.40 | +7.7% | COM | 450913108 |
| — | ANGLOGOLD AS-ADR | 213,507 | $4.146M | 0.2% | $19.42 | $13.82 | — | SPONSORED ADR | 035128206 |
| HMY | HARMONY GOLD-ADR | 1,208,698 | $4.11M | 0.2% | $3.40 | $3.78 | -10.0% | SPONSORED ADR | 413216300 |
| — | FORTUNA SILVER | 903,627 | $3.39M | 0.2% | $3.75 | $3.86 | — | COM | 349915108 |
| — | SANDSTORM GOLD | 634,165 | $3.336M | 0.2% | $5.26 | $5.17 | — | COM NEW | 80013R206 |
| — | OSISKO GOLD ROYA | 267,417 | $3.228M | 0.2% | $12.07 | $11.91 | — | COM | 68827L101 |
| VOXR | VOX ROYALTY CORP | 1,370,000 | $3.174M | 0.2% | $2.32 * | $2.22 | -0.4% | COM | 92919F103 |
| — | YAMANA GOLD INC | 490,000 | $2.72M | 0.2% | $5.55 | $5.17 | — | COM | 98462Y100 |
| SVM | SILVERCORP METAL | 862,476 | $2.553M | 0.2% | $2.96 | $3.70 | -19.9% | COM | 82835P103 |
| EMX | EMX ROYALTY CORP | 1,250,000 | $2.37M | 0.1% | $1.90 | $1.27 | — | COM | 26873J107 |
| NGD | NEW GOLD INC | 2,316,982 | $2.271M | 0.1% | $0.98 | $0.79 | +27.2% | COM | 644535106 |
| SBR | SABINE ROYALTY | 26,500 | $2.264M | 0.1% | $85.45 | $47.61 | — | UNIT BEN INT | 785688102 |
| NEM | NEWMONT CORP | 45,000 | $2.124M | 0.1% | $47.20 * | $41.56 | +4.7% | COM | 651639106 |
| NKE | NIKE INC -CL B | 16,750 | $1.96M | 0.1% | $117.01 * | $95.30 | +16.4% | CL B | 654106103 |
| AEM | AGNICO EAGLE MINES LTD | 35,000 | $1.82M | 0.1% | $51.99 * | $44.19 | +9.8% | COM | 008474108 |
| COST | COSTCO WHOLESALE CORP | 3,700 | $1.689M | 0.1% | $456.50 * | $468.77 | -6.5% | COM | 22160K105 |
| MAR | MARRIOTT INTL-A | 10,800 | $1.608M | 0.1% | $148.89 * | $143.36 | +0.8% | CL A | 571903202 |
| GORO | GOLD RESOURCE CO | 1,000,000 | $1.53M | 0.1% | $1.53 | $1.70 | -9.8% | COM | 38068T105 |
| DRD | DRDGOLD LTD-ADR | 198,000 | $1.465M | 0.1% | $7.40 | $6.15 | +20.2% | SPON ADR REPSTG | 26152H301 |
| BSM | BLACK STONE MINE | 85,000 | $1.434M | 0.1% | $16.87 | $12.37 | — | COM UNIT | 09225M101 |
| — | VIZSLA SILVER CO | 1,250,000 | $1.429M | 0.1% | $1.14 | $1.67 | — | COM NEW | 92859G202 |
| IAUX | I-80 GOLD CORP | 500,000 | $1.394M | 0.1% | $2.79 | $2.49 | +13.0% | COM | 44955L106 |
| TSLA | TESLA INC | 11,255 | $1.386M | 0.1% | $123.18 | $219.31 | -43.8% | COM | 88160R101 |
| STZ | CONSTELLATION-A | 5,750 | $1.333M | 0.1% | $231.75 * | $226.15 | -3.1% | CL A | 21036P108 |
| HLT | HILTON WORLDWIDE HOLDINGS | 9,700 | $1.226M | 0.1% | $126.36 | $125.07 | +0.1% | COM | 43300A203 |
| — | SILVERCREST META | 200,000 | $1.195M | 0.1% | $5.98 | $5.98 | — | COM | 828363101 |
| JMST | JPM ULTR-SHT MUN | 22,500 | $1.137M | 0.1% | $50.54 | $50.54 | -0.0% | ULTRA SHT MUNCPL | 46641Q654 |
| LNG | CHENIERE ENERGY | 7,500 | $1.125M | 0.1% | $149.96 | $87.52 | +71.3% | COM NEW | 16411R208 |
| EGO | ELDORADO GOLD | 125,000 | $1.045M | 0.1% | $8.36 | $9.42 | -11.3% | COM | 284902509 |
| COTY | COTY INC-CL A | 110,000 | $942K | 0.1% | $8.56 | $7.51 | +14.0% | COM CL A | 222070203 |
| KRP | KIMBELL ROYALTY | 55,000 | $919K | 0.1% | $16.70 | $13.48 | — | UNIT | 49435R102 |
| SGI | TEMPUR SEALY INTL INC | 26,700 | $917K | 0.1% | $34.33 | $25.77 | +33.2% | COM | 88023U101 |
| EQNR | EQUINOR ASA-ADR | 25,000 | $895K | 0.1% | $35.81 | $17.83 | +100.9% | SPONSORED ADR | 29446M102 |
| MGM | MGM RESORTS INTERNATIONAL | 23,500 | $788K | 0.0% | $33.53 | $34.63 | -3.2% | COM | 552953101 |
| HAL | HALLIBURTON CO | 20,000 | $787K | 0.0% | $39.35 * | $22.70 | +62.0% | COM | 406216101 |
| RCL | ROYAL CARIBBEAN CRUISES | 13,940 | $689K | 0.0% | $49.43 | $69.36 | -30.0% | COM | V7780T103 |
| MTN | VAIL RESORTS INC | 2,830 | $675K | 0.0% | $238.35 | $227.40 | +4.8% | COM | 91879Q109 |
| — | LINDE PLC | 2,000 | $652K | 0.0% | $326.18 | $238.00 | — | SHS | G5494J103 |
| NCLH | NORWEGIAN CRUISE LINE HLD | 53,000 | $649K | 0.0% | $12.24 | $15.06 | -18.7% | SHS | G66721104 |
| SLB | SCHLUMBERGER LTD | 12,000 | $642K | 0.0% | $53.46 * | $15.47 | +220.5% | COM | 806857108 |
| — | VIPER ENERGY PARTNERS LP | 20,000 | $636K | 0.0% | $31.79 | $18.85 | — | COM UNT RP INT | 92763M105 |
| OXY | OCCIDENTAL PETROLEUM CORP | 10,000 | $630K | 0.0% | $62.99 * | $25.18 | +138.1% | COM | 674599105 |
| COP | CONOCOPHILLIPS | 5,000 | $590K | 0.0% | $118.00 * | $32.91 | +225.1% | COM | 20825C104 |
| NTRS | NORTHERN TRUST CORP | 6,600 | $584K | 0.0% | $88.49 * | $86.27 | -7.0% | COM | 665859104 |
| BE | BLOOM ENERGY C-A | 30,000 | $574K | 0.0% | $19.12 | $21.16 | -9.6% | COM CL A | 093712107 |
| CPRI | CAPRI HOLDINGS L | 9,500 | $545K | 0.0% | $57.32 | $50.52 | +13.5% | SHS | G1890L107 |
| SKE | SKEENA RESOURCES | 100,000 | $532K | 0.0% | $5.32 | $10.34 | -48.5% | COM | 83056P715 |
| RRC | RANGE RESOURCES CORP | 20,000 | $500K | 0.0% | $25.02 | $16.21 | +54.4% | COM | 75281A109 |
| UUUU | ENERGY FUELS INC | 80,000 | $497K | 0.0% | $6.21 | $6.39 | -2.9% | COM NEW | 292671708 |
| RYN | RAYONIER INC | 15,000 | $494K | 0.0% | $32.96 | $34.49 | — | COM | 754907103 |
| H | HYATT HOTELS CORP-A | 5,000 | $452K | 0.0% | $90.45 | $90.70 | -1.5% | COM CL A | 448579102 |
| — | PIEDMONT LITHIUM | 10,000 | $440K | 0.0% | $44.02 | $36.40 | — | COM | 72016P105 |
| PCH | POTLATCHDELTIC CORP | 10,000 | $440K | 0.0% | $43.99 | $39.00 | — | COM | 737630103 |
| RACE | FERRARI NV | 2,029 | $435K | 0.0% | $214.22 | $205.37 | +4.3% | COM | N3167Y103 |
| PSX | PHILLIPS 66 | 4,000 | $416K | 0.0% | $104.08 * | $68.50 | +36.3% | COM | 718546104 |
| SVM | SILVERCORP METALS INC | 124,000 | $367K | 0.0% | $2.96 | $3.70 | -19.9% | Call | 82835P103 |
| MOS | MOSAIC CO/THE | 8,000 | $351K | 0.0% | $43.87 * | $26.91 | +49.5% | COM | 61945C103 |
| CF | CF INDUSTRIES HOLDINGS | 4,000 | $341K | 0.0% | $85.20 * | $36.20 | +119.5% | COM | 125269100 |
| LBRT | LIBERTY ENERGY I | 20,000 | $320K | 0.0% | $16.01 | $13.50 | +18.6% | COM CL A | 53115L104 |
| VLO | VALERO ENERGY | 2,500 | $317K | 0.0% | $126.86 * | $63.00 | +83.6% | COM | 91913Y100 |
| CMCL | CALEDONIA MINING CORP PLC | 25,000 | $310K | 0.0% | $12.40 * | $13.59 | -18.5% | SHS NEW | G1757E113 |
| CSIQ | CANADIAN SOLAR INC | 10,000 | $309K | 0.0% | $30.90 | $20.25 | +52.6% | COM | 136635109 |
| ZTO | ZTO EXPRESS -ADR | 11,068 | $297K | 0.0% | $26.87 | $25.90 | +3.8% | SPONSORED ADS A | 98980A105 |
| LPX | LOUISIANA-PACIFIC CORP | 5,000 | $296K | 0.0% | $59.20 | $28.77 | +105.8% | COM | 546347105 |
| NTR | NUTRIEN LTD | 4,000 | $292K | 0.0% | $72.93 * | $41.03 | +61.3% | COM | 67077M108 |
| WFG | WEST FRASER TIMB | 4,000 | $289K | 0.0% | $72.13 | $65.90 | +9.7% | COM | 952845105 |
| — | LITHIUM AMERICAS | 15,000 | $284K | 0.0% | $18.94 | $20.13 | — | COM NEW | 53680Q207 |
| NIO | NIO INC - ADR | 26,000 | $254K | 0.0% | $9.75 | $38.13 | -74.4% | SPON ADS | 62914V106 |
| SLI | STANDARD LITHIUM | 75,000 | $221K | 0.0% | $2.95 | $3.87 | -23.7% | COM | 853606101 |
| ZIM | ZIM INTEGRATED S | 12,197 | $210K | 0.0% | $17.19 | $50.56 | -66.0% | SHS | M9T951109 |
| — | GOLD US 01/20/23 C18 | 11,944 | $184K | 0.0% | $15.42 | — | — | Call | 067901108 |
| HL | HL US 01/20/23 C5 | 2,598 | $175K | 0.0% | $67.50 | — | — | Call | 422704106 |
| PLG | PLATINUM GROUP M | 100,000 | $175K | 0.0% | $1.75 | $1.73 | +0.6% | COM | 72765Q882 |
| CYRX | CRYOPORT | 8,500 | $147K | 0.0% | $17.35 | $21.08 | -17.7% | COM PAR $0.001 | 229050307 |
| FDX | FEDEX CORP | 811 | $140K | 0.0% | $173.20 * | $214.60 | -24.3% | COM | 31428X106 |
| UPS | UNITED PARCEL-B | 798 | $139K | 0.0% | $173.84 * | $176.88 | -15.6% | CL B | 911312106 |
| — | ELECTRA BATTERY | 83,333 | $138K | 0.0% | $1.66 | $2.86 | — | COM NEW | 28474P201 |
| GXO | GXO LOGISTIC | 3,224 | $138K | 0.0% | $42.69 | $44.17 | -3.4% | COMMON STOCK | 36262G101 |
| EXPD | EXPEDITORS INTL | 1,283 | $133K | 0.0% | $103.92 * | $105.10 | -4.6% | COM | 302130109 |
| GREK | GLOBAL X MSCI GR | 5,000 | $133K | 0.0% | $26.64 | $26.19 | +1.7% | MSCI GREECE ETF | 37954Y319 |
| DQ | DAQO NEW ENERGY CORP-ADR | 3,175 | $123K | 0.0% | $38.61 | $66.93 | -42.3% | SPNSRD ADS NEW | 23703Q203 |
| IE | IVANHOE ELEC | 8,501 | $103K | 0.0% | $12.14 | $9.40 | +29.2% | COM | 46578C108 |
| SBLK | STAR BULK CARRIE | 4,987 | $95,900 | 0.0% | $19.23 | $26.15 | -26.5% | SHS PAR | Y8162K204 |
| MATX | MATSON INC | 1,531 | $95,703 | 0.0% | $62.51 * | $87.67 | -31.6% | COM | 57686G105 |
| — | LUCID GROUP INC | 13,000 | $88,790 | 0.0% | $6.83 | $6.83 | — | COM | 549498103 |
| EPOL | ISHARES MSCI POLAND ETF | 4,000 | $61,840 | 0.0% | $15.46 | $13.55 | +14.1% | MSCI POLAND ETF | 46429B606 |
| TSM | TSMC-ADR | 810 | $60,337 | 0.0% | $74.49 | $72.34 | +3.0% | SPONSORED ADS | 874039100 |
| PZG | PARAMOUNT GOLD N | 170,000 | $58,650 | 0.0% | $0.34 | $1.07 | -67.7% | COM | 69924M109 |
| BABA | ALIBABA GROUP HOLDING-ADR | 630 | $55,497 | 0.0% | $88.09 | $226.58 | -61.1% | SPONSORED ADS | 01609W102 |
| CQQQ | CQQQ US 03/17/23 C39 | 75 | $45,750 | 0.0% | $610.00 | — | — | Call | 46138E800 |
| — | TTE1 US 01/20/23 C60 | 100 | $38,000 | 0.0% | $380.00 | — | — | Call | 89151E109 |
| NTES | NTES US 03/17/23 C75 | 50 | $29,250 | 0.0% | $585.00 | — | — | Call | 64110W102 |
| NIU | NIU TECHNOLO-ADR | 3,200 | $16,736 | 0.0% | $5.23 | $8.45 | -38.1% | ADS | 65481N100 |
| XOM | XOM US 01/20/23 C110 | 50 | $16,250 | 0.0% | $325.00 | — | — | Call | 30231G102 |
| BP | BP US 01/20/23 C34 | 100 | $15,350 | 0.0% | $153.50 | — | — | Call | 055622104 |
| NUGT | NUGT US 01/20/23 C50 | 420 | $5,880 | 0.0% | $14.00 | — | — | Call | 25460G781 |
| NEM | NEM US 01/20/23 C82.5 | 2,625 | $2,625 | 0.0% | $1.00 * | $41.56 | +4.7% | Call | 651639106 |