CIK: 0000754811 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Oct 21, 2025
Total Value ($000): $885,803 (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| LUV | SOUTHWEST AIR | 2,663,281 | $84,985 | 9.6% | $35.24 | -8.0% | COM | 844741108 |
| DAL | DELTA AIR LI | 1,361,033 | $77,239 | 8.7% | $34.35 | +65.5% | COM NEW | 247361702 |
| UAL | UNITED AIRLINES | 780,183 | $75,288 | 8.5% | $41.45 | +132.0% | COM | 910047109 |
| AAL | AMERICAN AIRLINE | 6,485,318 | $72,895 | 8.2% | $14.81 | -16.8% | COM | 02376R102 |
| OR | OR ROYALTIES INC | 931,076 | $37,312 | 4.2% | $26.81 | +16.4% | COM SHS | 68390D106 |
| ALGT | ALLEGIANT TRAVEL | 380,678 | $23,134 | 2.6% | $81.15 | -29.3% | COM | 01748X102 |
| JBLU | JETBLUE AIRWAYS | 4,509,132 | $22,185 | 2.5% | $8.84 | -45.6% | COM | 477143101 |
| SNCY | SUN COUNTRY HOLD | 1,828,219 | $21,591 | 2.4% | $16.76 | -26.2% | COM | 866683105 |
| SKYW | SKYWEST INC | 214,412 | $21,574 | 2.4% | $29.71 | +276.0% | COM | 830879102 |
| ULCC | FRONTIER GROUP H | 4,563,345 | $20,147 | 2.3% | $5.06 | -10.4% | COM | 35909R108 |
| ALK | ALASKA AIR GROUP | 371,365 | $18,487 | 2.1% | $42.23 | +31.7% | COM | 011659109 |
| FNV | FRANCO NEV CORP | 82,537 | $18,398 | 2.1% | $123.28 | +46.2% | COM | 351858105 |
| WPM | WHEATON PRECIOUS | 148,489 | $16,607 | 1.9% | $31.77 | +207.5% | COM | 962879102 |
| GD | GENERAL DYNAMICS | 47,429 | $16,173 | 1.8% | $162.35 | +93.3% | COM | 369550108 |
| TXT | TEXTRON INC | 190,046 | $16,057 | 1.8% | $67.05 | +21.4% | COM | 883203101 |
| SABR | SABRE CORP | 8,696,449 | $15,915 | 1.8% | $3.07 | -23.2% | COM | 78573M104 |
| EXPE | EXPEDIA GROUP IN | 70,627 | $15,097 | 1.7% | $158.71 | +26.2% | COM NEW | 30212P303 |
| BKNG | BOOKING HOLDINGS | 2,783 | $15,026 | 1.7% | $2328.66 | +138.9% | COM | 09857L108 |
| BA | BOEING CO/THE | 66,274 | $14,304 | 1.6% | $163.65 | +37.8% | COM | 097023105 |
| TRIP | TRIPADVISOR INC | 872,869 | $14,193 | 1.6% | $26.56 | -34.3% | COM | 896945201 |
| GFI | GOLD FIELDS LTD | 276,638 | $11,608 | 1.3% | $32.89 | — | SPONSORED ADR | 38059T106 |
| AU | ANGLOGOLD ASHANT | 163,864 | $11,525 | 1.3% | $42.00 | +30.8% | COM SHS | G0378L100 |
| KGC | KINROSS GOLD | 417,334 | $10,371 | 1.2% | $12.20 | +57.6% | COM | 496902404 |
| BTG | B2GOLD CORP | 2,078,516 | $10,289 | 1.2% | $3.67 | +7.1% | COM | 11777Q209 |
| SSRM | SSR MINING IN | 415,642 | $10,150 | 1.1% | $16.92 | 0.0% | COM | 784730103 |
| SVM | SILVERCORP METAL | 1,562,671 | $9,876 | 1.1% | $3.92 | +25.0% | COM | 82835P103 |
| CDE | COEUR MNG INC | 479,000 | $8,986 | 1.0% | $5.46 | +124.2% | COM NEW | 192108504 |
| AGI | ALAMOS GOLD INC NEW | 250,000 | $8,715 | 1.0% | $10.92 | +161.7% | COM CL A | 011532108 |
| EMBJ | EMBRAER SA-ADR | 132,788 | $8,027 | 0.9% | $40.50 | — | SPONSORED ADS | 29082A107 |
| RYAAY | RYANAIR HLDG-ADR | 130,647 | $7,868 | 0.9% | $63.70 | — | SPONSORED ADR | 783513203 |
| TCOM | TRIP.COM GRO-ADR | 104,516 | $7,860 | 0.9% | $33.97 | — | ADS | 89677Q107 |
| HL | HECLA MNG CO | 600,000 | $7,260 | 0.8% | $5.87 | +36.8% | COM | 422704106 |
| NGD | NEW GOLD INC | 998,054 | $7,166 | 0.8% | $4.18 | +29.5% | COM | 644535106 |
| VOXR | VOX ROYALTY CORP | 1,562,000 | $6,717 | 0.8% | $2.30 | +48.5% | COM | 92919F103 |
| IAG | IAMGOLD CORP | 500,000 | $6,465 | 0.7% | $5.79 | +51.2% | COM | 450913108 |
| TFPM | TRIPLE FLAG | 213,665 | $6,252 | 0.7% | $13.32 | +94.1% | COM | 89679M104 |
| SBSW | SIBANYE STILLWATER LTD | 544,332 | $6,118 | 0.7% | $7.22 | — | SPONSORED ADR | 82575P107 |
| ORLA | ORLA MINING LTD | 552,301 | $5,965 | 0.7% | $10.51 | +1.9% | COM | 68634K106 |
| DRD | DRDGOLD LTD-ADR | 209,055 | $5,770 | 0.7% | $14.45 | — | SPON ADR REPSTG | 26152H301 |
| HMY | HARMONY GOLD-ADR | 306,797 | $5,568 | 0.6% | $8.74 | — | SPONSORED ADR | 413216300 |
| MTA | METALLA ROYALTY | 814,587 | $5,173 | 0.6% | $4.74 | 0.0% | COM NEW | 59124U605 |
| AEM | AGNICO EAGLE MINES LTD | 30,000 | $5,057 | 0.6% | $71.33 | +91.8% | COM | 008474108 |
| VZLA | VIZSLA SILVER CO | 1,050,000 | $4,531 | 0.5% | $1.62 | +113.6% | COM NEW | 92859G608 |
| CPA | COPA HOLDIN-CL A | 33,364 | $3,964 | 0.4% | $80.99 | +38.2% | CL A | P31076105 |
| RACE | FERRARI N V | 8,165 | $3,962 | 0.4% | $437.66 | +9.5% | COM | N3167Y103 |
| AUGO | AURA MINERALS INC | 100,000 | $3,721 | 0.4% | $28.59 | 0.0% | SHS NEW | G06973112 |
| ASR | GRUPO AEROPO-ADR | 11,315 | $3,658 | 0.4% | $289.69 | — | SPON ADR SER B | 40051E202 |
| CMCL | CALEDONIA MINING | 100,754 | $3,648 | 0.4% | $25.44 | 0.0% | SHS NEW | G1757E113 |
| MMYT | MAKEMYTRIP LTD | 38,882 | $3,639 | 0.4% | $38.70 | +151.2% | SHS | V5633W109 |
| LTM | LATAM AIRLINES G | 80,184 | $3,628 | 0.4% | $40.64 | — | SPONSORED ADR | 51817R205 |
| EXK | ENDEAVOUR SILVER | 452,500 | $3,542 | 0.4% | $3.82 | +54.5% | COM | 29258Y103 |
| OMAB | GRUPO AEROPO-ADR | 32,234 | $3,348 | 0.4% | $103.87 | — | SPON ADR | 400501102 |
| B | BARRICK MNG CORP | 100,000 | $3,277 | 0.4% | $25.15 | 0.0% | COM SHS | 06849F108 |
| ARIS | ARIS MINING CORP | 300,000 | $2,938 | 0.3% | $6.27 | +27.1% | COM | 04040Y109 |
| PAAS | PAN AMERN SILVER CORP | 73,555 | $2,849 | 0.3% | $32.15 | 0.0% | COM | 697900108 |
| EMX | EMX ROYALTY CORP | 500,000 | $2,556 | 0.3% | $1.27 | — | COM | 26873J107 |
| RCL | ROYAL CARIBBEAN GROUP | 7,835 | $2,535 | 0.3% | $168.84 | +96.6% | COM | V7780T103 |
| USAS | AMERICAS GOLD AN | 580,000 | $2,161 | 0.2% | $2.61 | 0.0% | COM NEW | 03062D803 |
| B | BARRICK GOLD CORP | 1,165 | $1,828 | 0.2% | $25.15 | 0.0% | Call | 06849F108 |
| DVS | DOLLY VARDEN SIL | 350,000 | $1,757 | 0.2% | $2.92 | +31.8% | COM NO PAR | 256827783 |
| CCL | CARNIVAL CORP | 59,500 | $1,720 | 0.2% | $17.74 | +70.3% | UNIT 99/99/9999 | 143658300 |
| NEM | NEWMONT CORP | 20,000 | $1,686 | 0.2% | $52.90 | +31.2% | COM | 651639106 |
| GS | GOLDMAN SACHS GROUP INC | 2,075 | $1,652 | 0.2% | $441.89 | +66.3% | COM | 38141G104 |
| NTR | NUTRIEN LTD | 25,000 | $1,468 | 0.2% | $51.89 | +12.3% | COM | 67077M108 |
| HBM | HUDBAY MINERALS INC | 95,000 | $1,440 | 0.2% | $8.32 | +37.7% | COM | 443628102 |
| LNG | CHENIERE ENERGY INC | 6,000 | $1,410 | 0.2% | $111.54 | +110.7% | COM NEW | 16411R208 |
| NEM | NEWMONT CORP | 335 | $1,377 | 0.2% | $52.90 | +31.2% | Call | 651639106 |
| TSLA | TESLA INC | 2,840 | $1,263 | 0.1% | $266.68 | +30.1% | COM | 88160R101 |
| XOM | EXXON MOBIL CORP | 10,500 | $1,184 | 0.1% | $107.25 | +2.3% | COM | 30231G102 |
| NTRS | NORTHERN TR CORP | 8,550 | $1,151 | 0.1% | $91.89 | +38.6% | COM | 665859104 |
| HLT | HILTON WORLDWIDE HLDGS INC | 4,400 | $1,142 | 0.1% | $215.74 | +25.2% | COM | 43300A203 |
| PPTA | PERPETUA RESOURCES CORP | 50,000 | $1,012 | 0.1% | $10.12 | +66.9% | COM | 714266103 |
| SA | SEABRIDGE GOLD INC | 40,000 | $966 | 0.1% | $13.43 | +28.8% | COM | 811916105 |
| NCLH | NORWEGIAN CRUISE LINE HLDG L | 39,000 | $961 | 0.1% | $24.32 | -0.1% | SHS | G66721104 |
| LTH | LIFE TIME GROUP HOLDINGS INC | 33,600 | $927 | 0.1% | $29.66 | -3.8% | COMMON STOCK | 53190C102 |
| — | TOTALENERGIES SE | 15,000 | $895 | 0.1% | $62.80 | — | SPONSORED ADS | 89151E109 |
| ODV | OSISKO DEVELOPME | 250,000 | $854 | 0.1% | $1.70 | +55.7% | COM NEW | 68828E809 |
| SHEL | SHELL PLC | 11,000 | $787 | 0.1% | $71.71 | — | SPON ADS | 780259305 |
| TPR | TAPESTRY INC | 6,500 | $736 | 0.1% | $74.95 | +38.8% | COM | 876030107 |
| EL | LAUDER ESTEE COS INC | 7,500 | $661 | 0.1% | $88.65 | -0.2% | CL A | 518439104 |
| TOL | TOLL BROTHERS INC | 4,350 | $601 | 0.1% | $120.06 | +8.7% | COM | 889478103 |
| FCX | FREEPORT-MCMORAN INC | 15,000 | $588 | 0.1% | $37.70 | +14.6% | CL B | 35671D857 |
| LULU | LULULEMON ATHLETICA INC | 3,200 | $569 | 0.1% | $275.46 | -27.3% | COM | 550021109 |
| CNL | COLLECTIVE MININ | 35,000 | $508 | 0.1% | $2.97 | +282.3% | COM | 19425C100 |
| IE | IVANHOE ELECTRIC | 40,000 | $502 | 0.1% | $9.87 | +0.2% | COM | 46578C108 |
| ZIM | ZIM INTEGRATED S | 35,525 | $481 | 0.1% | $18.42 | -17.6% | SHS | M9T951109 |
| GEV | GE VERNOVA INC | 750 | $461 | 0.1% | $415.97 | +45.6% | COM | 36828A101 |
| RGLD | ROYAL GOLD INC | 2,280 | $457 | 0.1% | $120.83 | +43.1% | COM | 780287108 |
| ITRG | INTEGRA RES CORP | 150,000 | $443 | 0.0% | $1.60 | +25.2% | COM | 45826T509 |
| BP | BP PLC | 12,000 | $414 | 0.0% | $35.07 | — | SPONSORED ADR | 055622104 |
| CTVA | CORTEVA INC | 6,000 | $406 | 0.0% | $61.25 | +17.8% | COM | 22052L104 |
| RRC | RANGE RES CORP | 10,500 | $395 | 0.0% | $23.37 | +52.8% | COM | 75281A109 |
| LIN | LINDE PLC | 800 | $380 | 0.0% | $352.90 | +33.4% | SHS | G54950103 |
| ONON | ON HLDG AG | 8,650 | $366 | 0.0% | $50.25 | -5.3% | NAMEN AKT A | H5919C104 |
| TK | TEEKAY CORP LTD | 44,216 | $362 | 0.0% | $7.77 | +2.4% | SHS | G8726T105 |
| ARLP | ALLIANCE RESOURCE PARTNERS L | 14,000 | $354 | 0.0% | $27.28 | — | UT LTD PART | 01877R108 |
| DVN | DEVON ENERGY CORP NEW | 10,000 | $351 | 0.0% | $34.59 | -2.8% | COM | 25179M103 |
| IP | INTERNATIONAL PAPER CO | 7,500 | $348 | 0.0% | $52.74 | -9.0% | COM | 460146103 |
| BIRK | BIRKENSTOCK HOLDING PLC | 7,500 | $339 | 0.0% | $51.40 | -4.8% | COM SHS | M2029K104 |
| AR | ANTERO RESOURCES CORP | 10,000 | $336 | 0.0% | $30.73 | +8.5% | COM | 03674X106 |
| WY | WEYERHAEUSER CO MTN BE | 13,000 | $322 | 0.0% | $28.86 | -12.7% | COM NEW | 962166104 |
| ICL | ICL GROUP LTD | 49,300 | $307 | 0.0% | $6.53 | -1.6% | SHS | M53213100 |
| FDX | FEDEX CORP | 1,248 | $294 | 0.0% | $226.52 | +0.8% | COM | 31428X106 |
| EXPD | EXPEDITORS INTL | 2,344 | $287 | 0.0% | $111.59 | +6.0% | COM | 302130109 |
| ZTO | ZTO EXPRESS -ADR | 14,764 | $283 | 0.0% | $20.82 | — | SPONSORED ADS A | 98980A105 |
| UPS | UNITED PARCEL-B | 3,372 | $282 | 0.0% | $117.16 | -24.8% | CL B | 911312106 |
| RIVN | RIVIAN AUTOMOTIVE INC | 19,000 | $279 | 0.0% | $13.40 | 0.0% | COM CL A | 76954A103 |
| TSLA | TESLA INC | 60 | $269 | 0.0% | $266.68 | +30.1% | Call | 88160R101 |
| SLI | STANDARD LITHIUM LTD | 75,000 | $253 | 0.0% | $1.84 | +52.0% | COM | 853606101 |
| STZ | CONSTELLATION BRANDS INC | 1,800 | $242 | 0.0% | $229.20 | -31.3% | CL A | 21036P108 |
| TECK | TECK RESOURCES LTD | 5,000 | $219 | 0.0% | $47.62 | -23.7% | CL B | 878742204 |
| XPL | SOLITARIO RESOURCES CORP | 310,000 | $216 | 0.0% | $0.79 | -8.1% | COM | 8342EP107 |
| — | CANGO INC | 50,000 | $212 | 0.0% | $4.24 | — | ADS | 137586103 |
| CCJ | CAMECO CORP | 2,500 | $210 | 0.0% | $39.41 | +96.4% | COM | 13321L108 |
| STLD | STEEL DYNAMICS INC | 1,500 | $209 | 0.0% | $124.96 | +4.4% | COM | 858119100 |
| PZG | PARAMOUNT GOLD NEV CORP | 170,000 | $209 | 0.0% | $1.07 | -20.6% | COM | 69924M109 |
| BHP | BHP GROUP LTD | 3,500 | $195 | 0.0% | $57.69 | — | SPONSORED ADS | 088606108 |
| PR | PERMIAN RESOURCES CORP | 15,000 | $192 | 0.0% | $13.69 | +0.2% | CLASS A COM | 71424F105 |
| STNG | SCORPIO TANKERS | 3,347 | $188 | 0.0% | $57.66 | — | SHS | Y7542C130 |
| HAFN | HAFNIA LTD | 31,161 | $187 | 0.0% | $5.42 | +5.5% | SHS | Y2990R101 |
| PPL | PPL CORP | 5,000 | $186 | 0.0% | $34.05 | +4.1% | COM | 69351T106 |
| GSL | GLOBAL SHIP-CL A | 5,906 | $181 | 0.0% | $23.39 | +27.4% | COM CL A | Y27183600 |
| BKR | BAKER HUGHES COMPANY | 3,500 | $171 | 0.0% | $34.13 | +28.4% | CL A | 05722G100 |
| VLO | VALERO ENERGY CORP | 1,000 | $170 | 0.0% | $122.29 | +20.9% | COM | 91913Y100 |
| EU | ENCORE ENERGY CO | 50,000 | $161 | 0.0% | $2.33 | +15.4% | COM NEW | 29259W700 |
| VFC | VF CORP | 11,000 | $159 | 0.0% | $20.37 | -34.0% | COM | 918204108 |
| SLB | SCHLUMBERGER LTD | 4,500 | $155 | 0.0% | $15.47 | +121.9% | COM STK | 806857108 |
| MGM | MGM RESORTS INTERNATIONAL | 4,000 | $139 | 0.0% | $33.13 | +10.8% | COM | 552953101 |
| CME | CME GROUP INC | 461 | $125 | 0.0% | $219.66 | +22.9% | COM | 12572Q105 |
| PPIH | PERMA-PIPE INTL HLDGS INC | 5,000 | $117 | 0.0% | $23.56 | +9.7% | COM | 714167103 |
| BCC | BOISE CASCADE CO DEL | 1,500 | $116 | 0.0% | $112.24 | -24.1% | COM | 09739D100 |
| WTTR | SELECT WATER SOLUTIONS INC | 10,000 | $107 | 0.0% | $7.59 | — | CL A COM | 81617J301 |
| ALB | ALBEMARLE CORP | 1,000 | $81 | 0.0% | $97.25 | -21.3% | COM | 012653101 |
| HAL | HALLIBURTON CO | 3,000 | $74 | 0.0% | $25.59 | -14.5% | COM | 406216101 |
| SGML | SIGMA LITHIUM CORPORATION | 10,000 | $64 | 0.0% | $17.53 | -65.7% | COM | 826599102 |
| CALI | BLACKROCK ETF TRUST II | 1,126 | $57 | 0.0% | $50.67 | — | ISHARES SHORT-TE | 092528884 |