Location: San Antonio, TX
CIK: 0000754811 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Jul 24, 2025
Total Value: $850M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| UAL | UNITED AIRLINES | 1,102,816 | $87.82M | 10.3% | $41.45 | +77.8% | COM | 910047109 |
| DAL | DELTA AIR LI | 1,766,167 | $86.86M | 10.2% | $34.35 | +32.6% | COM NEW | 247361702 |
| AAL | AMERICAN AIRLINE | 7,718,224 | $86.6M | 10.2% | $14.81 | -27.7% | COM | 02376R102 |
| LUV | SOUTHWEST AIR | 2,657,069 | $86.2M | 10.1% | $35.24 | -15.8% | COM | 844741108 |
| SKYW | SKYWEST INC | 240,403 | $24.75M | 2.9% | $29.71 | +220.0% | COM | 830879102 |
| SNCY | SUN COUNTRY HOLD | 2,076,107 | $24.39M | 2.9% | $16.76 | -34.4% | COM | 866683105 |
| ALK | ALASKA AIR GROUP | 479,052 | $23.7M | 2.8% | $42.23 | +15.0% | COM | 011659109 |
| ALGT | ALLEGIANT TRAVEL | 430,153 | $23.64M | 2.8% | $81.15 | -36.5% | COM | 01748X102 |
| ULCC | FRONTIER GROUP H | 6,204,862 | $22.52M | 2.6% | $5.06 | -27.6% | COM | 35909R108 |
| JBLU | JETBLUE AIRWAYS | 5,021,419 | $21.24M | 2.5% | $8.84 | -49.3% | COM | 477143101 |
| SABR | SABRE CORP | 5,646,761 | $17.84M | 2.1% | $3.46 | -25.8% | COM | 78573M104 |
| BKNG | BOOKING HOLDINGS | 3,018 | $17.47M | 2.1% | $2328.66 | +118.8% | COM | 09857L108 |
| GD | GENERAL DYNAMICS | 59,749 | $17.43M | 2.0% | $162.35 | +67.8% | COM | 369550108 |
| TXT | TEXTRON INC | 212,794 | $17.09M | 2.0% | $67.05 | +7.8% | COM | 883203101 |
| BA | BOEING CO/THE | 77,873 | $16.32M | 1.9% | $163.65 | +15.4% | COM | 097023105 |
| EXPE | EXPEDIA GROUP IN | 95,298 | $16.07M | 1.9% | $158.71 | +1.7% | COM NEW | 30212P303 |
| FNV | FRANCO NEV CORP | 93,305 | $15.29M | 1.8% | $123.28 | +34.0% | COM | 351858105 |
| TRIP | TRIPADVISOR INC | 1,163,738 | $15.19M | 1.8% | $26.56 | -49.7% | COM | 896945201 |
| OR | OR ROYALTIES INC | 574,831 | $14.78M | 1.7% | $24.09 | 0.0% | COM SHS | 68390D106 |
| RGLD | ROYAL GOLD INC | 80,839 | $14.38M | 1.7% | $120.83 | +46.5% | COM | 780287108 |
| WPM | WHEATON PRECIOUS | 143,810 | $12.91M | 1.5% | $29.63 | +183.8% | COM | 962879102 |
| EMBJ | EMBRAER SA-ADR | 175,040 | $9.962M | 1.2% | $40.50 | — | SPONSORED ADS | 29082A107 |
| RYAAY | RYANAIR HLDG-ADR | 140,783 | $8.119M | 1.0% | $63.70 | — | SPONSORED ADR | 783513203 |
| TCOM | TRIP.COM GRO-ADR | 134,738 | $7.901M | 0.9% | $33.97 | — | ADS | 89677Q107 |
| AGI | ALAMOS GOLD INC NEW | 250,000 | $6.64M | 0.8% | $10.92 | +144.6% | COM CL A | 011532108 |
| — | SANDSTORM GOLD | 699,747 | $6.578M | 0.8% | $5.25 | — | COM NEW | 80013R206 |
| AAUC | ALLIED GOLD CORP | 451,848 | $6.071M | 0.7% | $12.69 | 0.0% | COM NEW | 01921D204 |
| SVM | SILVERCORP METAL | 1,206,666 | $5.092M | 0.6% | $3.63 | +6.8% | COM | 82835P103 |
| VOXR | VOX ROYALTY CORP | 1,600,000 | $5.056M | 0.6% | $2.30 | +42.0% | COM | 92919F103 |
| TFPM | TRIPLE FLAG | 209,767 | $4.969M | 0.6% | $13.08 | +67.5% | COM | 89679M104 |
| AEM | AGNICO EAGLE MINES LTD | 41,500 | $4.936M | 0.6% | $71.33 | +61.5% | COM | 008474108 |
| CPA | COPA HOLDIN-CL A | 40,269 | $4.428M | 0.5% | $80.99 | +17.6% | CL A | P31076105 |
| LTM | LATAM AIRLINES G | 107,017 | $4.349M | 0.5% | $40.64 | — | SPONSORED ADR | 51817R205 |
| HMY | HARMONY GOLD MINING CO LTD | 307,960 | $4.302M | 0.5% | $8.74 | — | SPONSORED ADR | 413216300 |
| ASR | GRUPO AEROPO-ADR | 13,279 | $4.234M | 0.5% | $289.69 | — | SPON ADR SER B | 40051E202 |
| MMYT | MAKEMYTRIP LTD | 42,204 | $4.137M | 0.5% | $38.70 | +160.6% | SHS | V5633W109 |
| CDE | COEUR MNG INC | 464,000 | $4.111M | 0.5% | $5.24 | +39.0% | COM NEW | 192108504 |
| KGC | KINROSS GOLD CORP | 260,000 | $4.064M | 0.5% | $7.95 | +83.1% | COM | 496902404 |
| SBSW | SIBANYE-STI-ADR | 556,542 | $4.018M | 0.5% | $7.22 | — | SPONSORED ADR | 82575P107 |
| ASM | AVINO SILVER | 1,065,432 | $3.836M | 0.5% | $2.69 | 0.0% | COM | 053906103 |
| CGAU | CENTERRA GOLD IN | 527,284 | $3.802M | 0.4% | $6.25 | +8.9% | COM | 152006102 |
| IAG | IAMGOLD CORP | 500,000 | $3.675M | 0.4% | $5.79 | +21.0% | COM | 450913108 |
| FSM | FORTUNA MINING C | 553,143 | $3.618M | 0.4% | $5.04 | +22.9% | COM NEW | 349942102 |
| DRD | DRDGOLD LTD-ADR | 265,755 | $3.543M | 0.4% | $14.45 | — | SPON ADR REPSTG | 26152H301 |
| HL | HECLA MNG CO | 550,000 | $3.295M | 0.4% | $5.67 | -2.9% | COM | 422704106 |
| VZLA | VIZSLA SILVER CO | 1,050,000 | $3.102M | 0.4% | $1.62 | +60.6% | COM NEW | 92859G608 |
| AU | ANGLOGOLD ASHANTI PLC | 65,000 | $2.962M | 0.3% | $22.36 | +87.4% | COM SHS | G0378L100 |
| RACE | FERRARI N V | 5,485 | $2.692M | 0.3% | $417.40 | +11.3% | COM | N3167Y103 |
| — | MAG SILVER CORP | 125,000 | $2.641M | 0.3% | $17.62 | — | COM | 55903Q104 |
| TSLA | TESLA INC | 7,840 | $2.49M | 0.3% | $266.68 | +13.0% | COM | 88160R101 |
| RCL | ROYAL CARIBBEAN GROUP | 7,855 | $2.46M | 0.3% | $168.84 | +39.9% | COM | V7780T103 |
| CCL | CARNIVAL CORP | 86,000 | $2.418M | 0.3% | $17.74 | +20.7% | UNIT 99/99/9999 | 143658300 |
| GFI | GOLD FIELDS LTD | 100,000 | $2.367M | 0.3% | $16.86 | — | SPONSORED ADR | 38059T106 |
| EXK | ENDEAVOUR SILVER | 452,500 | $2.232M | 0.3% | $3.82 | +3.1% | COM | 29258Y103 |
| GS | GOLDMAN SACHS GROUP INC | 2,525 | $1.787M | 0.2% | $441.89 | +29.4% | COM | 38141G104 |
| ARIS | ARIS MINING CORP | 250,000 | $1.685M | 0.2% | $5.93 | 0.0% | COM | 04040Y109 |
| BTG | B2GOLD CORP | 425,000 | $1.534M | 0.2% | $2.66 | +23.0% | COM | 11777Q209 |
| LNG | CHENIERE ENERGY INC | 6,000 | $1.461M | 0.2% | $111.54 | +107.6% | COM NEW | 16411R208 |
| NTR | NUTRIEN LTD | 25,000 | $1.456M | 0.2% | $51.89 | +7.9% | COM | 67077M108 |
| DVS | DOLLY VARDEN SIL | 412,500 | $1.382M | 0.2% | $2.92 | 0.0% | COM NO PAR | 256827783 |
| HLT | HILTON WORLDWIDE HLDGS INC | 5,150 | $1.372M | 0.2% | $215.74 | +10.2% | COM | 43300A203 |
| NGD | NEW GOLD INC CDA | 275,000 | $1.361M | 0.2% | $0.93 | +340.8% | COM | 644535106 |
| NTRS | NORTHERN TR CORP | 10,450 | $1.325M | 0.2% | $91.89 | +9.4% | COM | 665859104 |
| EMX | EMX ROYALTY CORP | 500,000 | $1.268M | 0.1% | $1.27 | — | COM | 26873J107 |
| — | AMERICAS GOLD AN | 1,500,000 | $1.213M | 0.1% | $0.69 | — | COM | 03062D100 |
| NEM | NEWMONT CORP | 20,000 | $1.165M | 0.1% | $52.90 | 0.0% | COM | 651639106 |
| XOM | EXXON MOBIL CORP | 10,500 | $1.132M | 0.1% | $107.25 | -2.6% | COM | 30231G102 |
| GEV | GE VERNOVA INC | 2,000 | $1.058M | 0.1% | $415.97 | 0.0% | COM | 36828A101 |
| LTH | LIFE TIME GROUP HOLDINGS INC | 33,600 | $1.019M | 0.1% | $29.66 | 0.0% | COMMON STOCK | 53190C102 |
| HBM | HUDBAY MINERALS INC | 95,000 | $1.008M | 0.1% | $8.32 | +0.2% | COM | 443628102 |
| — | TOTALENERGIES SE | 15,000 | $921K | 0.1% | $62.80 | — | SPONSORED ADS | 89151E109 |
| BIRK | BIRKENSTOCK HOLDING PLC | 17,500 | $861K | 0.1% | $51.40 | 0.0% | COM SHS | M2029K104 |
| SHEL | SHELL PLC | 11,000 | $775K | 0.1% | $71.71 | — | SPON ADS | 780259305 |
| EL | LAUDER ESTEE COS INC | 9,500 | $768K | 0.1% | $88.65 | -28.2% | CL A | 518439104 |
| JMST | J P MORGAN EXCHANGE TRADED F | 15,000 | $764K | 0.1% | $50.85 | — | ULTRA SHT MUNCPL | 46641Q654 |
| LULU | LULULEMON ATHLETICA INC | 3,200 | $760K | 0.1% | $275.46 | 0.0% | COM | 550021109 |
| AMZN | AMAZON COM INC | 3,125 | $686K | 0.1% | $217.00 | -8.8% | COM | 023135106 |
| CNL | COLLECTIVE MININ | 60,000 | $657K | 0.1% | $2.97 | +241.5% | COM | 19425C100 |
| FCX | FREEPORT-MCMORAN INC | 15,000 | $650K | 0.1% | $37.70 | 0.0% | CL B | 35671D857 |
| NEM | NEWMONT CORP | 335 | $611K | 0.1% | $52.90 | 0.0% | Call | 651639106 |
| PPTA | PERPETUA RESOURCES CORP | 50,000 | $607K | 0.1% | $10.12 | +33.0% | COM | 714266103 |
| B | BARRICK GOLD CORP | 1,165 | $594K | 0.1% | — | — | Call | 06849F108 |
| SA | SEABRIDGE GOLD INC | 40,000 | $581K | 0.1% | $13.43 | -5.4% | COM | 811916105 |
| TPR | TAPESTRY INC | 6,500 | $571K | 0.1% | $74.95 | 0.0% | COM | 876030107 |
| ODV | OSISKO DEVELOPME | 250,000 | $537K | 0.1% | $1.70 | +8.8% | COM NEW | 68828E809 |
| TOL | TOLL BROTHERS INC | 4,350 | $496K | 0.1% | $120.06 | -13.6% | COM | 889478103 |
| NCLH | NORWEGIAN CRUISE LINE HLDG L | 24,000 | $487K | 0.1% | $24.33 | -26.5% | SHS | G66721104 |
| ONON | ON HLDG AG | 8,650 | $450K | 0.1% | $50.25 | +1.4% | NAMEN AKT A | H5919C104 |
| CTVA | CORTEVA INC | 6,000 | $447K | 0.1% | $61.25 | +8.0% | COM | 22052L104 |
| RRC | RANGE RES CORP | 10,500 | $427K | 0.1% | $23.37 | +61.3% | COM | 75281A109 |
| AR | ANTERO RESOURCES CORP | 10,000 | $403K | 0.0% | $30.73 | +23.2% | COM | 03674X106 |
| ZIM | ZIM INTEGRATED S | 24,475 | $394K | 0.0% | $19.88 | -20.8% | SHS | M9T951109 |
| LIN | LINDE PLC | 800 | $375K | 0.0% | $352.90 | +28.2% | SHS | G54950103 |
| ARLP | ALLIANCE RESOURCE PARTNERS L | 14,000 | $366K | 0.0% | $27.28 | — | UT LTD PART | 01877R108 |
| IE | IVANHOE ELECTRIC | 40,000 | $363K | 0.0% | $9.87 | -29.6% | COM | 46578C108 |
| BP | BP PLC | 12,000 | $359K | 0.0% | $35.07 | — | SPONSORED ADR | 055622104 |
| IP | INTERNATIONAL PAPER CO | 7,500 | $351K | 0.0% | $52.74 | -12.8% | COM | 460146103 |
| TECK | TECK RESOURCES LTD | 8,500 | $343K | 0.0% | $47.62 | -24.2% | CL B | 878742204 |
| ICL | ICL GROUP LTD | 49,300 | $339K | 0.0% | $6.53 | 0.0% | SHS | M53213100 |
| WY | WEYERHAEUSER CO MTN BE | 13,000 | $334K | 0.0% | $28.86 | -11.4% | COM NEW | 962166104 |
| TK | TEEKAY CORP LTD | 40,156 | $331K | 0.0% | $7.75 | 0.0% | SHS | G8726T105 |
| DVN | DEVON ENERGY CORP NEW | 10,000 | $318K | 0.0% | $34.59 | -9.7% | COM | 25179M103 |
| STZ | CONSTELLATION BRANDS INC | 1,800 | $293K | 0.0% | $229.20 | -22.9% | CL A | 21036P108 |
| FDX | FEDEX CORP | 1,150 | $261K | 0.0% | $226.37 | -4.9% | COM | 31428X106 |
| UPS | UNITED PARCEL-B | 2,475 | $250K | 0.0% | $127.69 | -26.3% | CL B | 911312106 |
| ZTO | ZTO EXPRESS -ADR | 14,048 | $249K | 0.0% | $20.90 | — | SPONSORED ADS A | 98980A105 |
| EXPD | EXPEDITORS INTL | 2,179 | $249K | 0.0% | $111.08 | -0.2% | COM | 302130109 |
| WDS | WOODSIDE ENERGY GROUP LTD | 15,000 | $231K | 0.0% | $15.43 | — | SPONSORED ADR | 980228308 |
| ORLA | ORLA MINING LTD | 23,000 | $231K | 0.0% | $5.93 | +75.3% | COM | 68634K106 |
| ITRG | INTEGRA RES CORP | 150,000 | $225K | 0.0% | $1.60 | 0.0% | COM | 45826T509 |
| PR | PERMIAN RESOURCES CORP | 15,000 | $204K | 0.0% | $13.69 | -6.1% | CLASS A COM | 71424F105 |
| XPL | SOLITARIO RESOURCES CORP | 310,000 | $202K | 0.0% | $0.79 | -19.9% | COM | 8342EP107 |
| STLD | STEEL DYNAMICS INC | 1,500 | $192K | 0.0% | $124.96 | +1.1% | COM | 858119100 |
| CCJ | CAMECO CORP | 2,500 | $186K | 0.0% | $39.41 | +35.1% | COM | 13321L108 |
| GSL | GLOBAL SHIP-CL A | 6,594 | $173K | 0.0% | $23.39 | 0.0% | COM CL A | Y27183600 |
| PPL | PPL CORP | 5,000 | $169K | 0.0% | $34.05 | 0.0% | COM | 69351T106 |
| BHP | BHP GROUP LTD | 3,500 | $168K | 0.0% | $57.69 | — | SPONSORED ADS | 088606108 |
| STNG | SCORPIO TANKERS | 4,272 | $167K | 0.0% | $57.66 | — | SHS | Y7542C130 |
| MATX | MATSON INC | 1,497 | $167K | 0.0% | $130.92 | -17.3% | COM | 57686G105 |
| HAFN | HAFNIA LTD | 32,731 | $163K | 0.0% | $5.42 | -11.4% | SHS | Y2990R101 |
| TNK | TEEKAY TANK-CL A | 3,799 | $158K | 0.0% | $41.94 | 0.0% | CL A | G8726X106 |
| SLB | SCHLUMBERGER LTD | 4,500 | $152K | 0.0% | $15.47 | +119.3% | COM STK | 806857108 |
| SLI | STANDARD LITHIUM LTD | 75,000 | $147K | 0.0% | $1.84 | -14.4% | COM | 853606101 |
| EU | ENCORE ENERGY CO | 50,000 | $143K | 0.0% | $2.33 | -22.9% | COM NEW | 29259W700 |
| MGM | MGM RESORTS INTERNATIONAL | 4,000 | $138K | 0.0% | $33.13 | -4.3% | COM | 552953101 |
| VLO | VALERO ENERGY CORP | 1,000 | $134K | 0.0% | $122.29 | 0.0% | COM | 91913Y100 |
| BKR | BAKER HUGHES COMPANY | 3,500 | $134K | 0.0% | $34.13 | +9.2% | CL A | 05722G100 |
| BCC | BOISE CASCADE CO DEL | 1,500 | $130K | 0.0% | $112.24 | -19.8% | COM | 09739D100 |
| VFC | VF CORP | 11,000 | $129K | 0.0% | $20.37 | -39.2% | COM | 918204108 |
| CME | CME GROUP INC | 461 | $127K | 0.0% | $219.66 | +22.2% | COM | 12572Q105 |
| PZG | PARAMOUNT GOLD NEV CORP | 170,000 | $104K | 0.0% | $1.07 | -54.2% | COM | 69924M109 |
| WTTR | SELECT WATER SOLUTIONS INC | 10,000 | $86,400 | 0.0% | $7.59 | — | CL A COM | 81617J301 |
| ALB | ALBEMARLE CORP | 1,000 | $62,670 | 0.0% | $97.25 | -40.0% | COM | 012653101 |
| HAL | HALLIBURTON CO | 3,000 | $61,140 | 0.0% | $25.59 | -19.6% | COM | 406216101 |
| SGML | SIGMA LITHIUM CORPORATION | 10,000 | $45,000 | 0.0% | $17.53 | -62.3% | COM | 826599102 |
| PPIH | PERMA-PIPE INTL HLDGS INC | 1,000 | $22,870 | 0.0% | $14.42 | 0.0% | COM | 714167103 |
| MSTZ | ETF OPPORTUNITIES TRUST | 600 | $2,508 | 0.0% | $14.03 | — | T REX 2X INVERSE | 26923N413 |
| DECK | DECKERS OUTDOOR CORP | 75 | $75 | 0.0% | — | — | Call | 243537107 |