Sagefield Capital LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CFLT	CONFLUENT INC CLASS A COM	830,833	$25,124	2.1%	$24.55	0.0%	CLASS A COM	20717M103
CADE	CADENCE BANK	578,203	$24,770	2.1%	$39.41	0.0%	COM	12740C103
NGD	NEW GOLD INC CDA	2,428,541	$21,153	1.8%	$7.53	0.0%	CDA COM	644535106
CSGS	CSG SYS INTL INC	270,824	$20,769	1.8%	$73.52	0.0%	COM	126349109
SM	SM ENERGY CO	1,084,205	$20,275	1.7%	$20.02	0.0%	COM	78454L100
EXAS	EXACT SCIENCES CORP	171,936	$17,462	1.5%	$80.31	0.0%	COM	30063P105
—	SYNOVUS FINL CORP COM NEW	257,708	$12,898	1.1%	$50.05	—	COM NEW	87161C501
—	DAYFORCE INC	185,648	$12,839	1.1%	$68.83	0.0%	COM	15677J108
HOLX	HOLOGIC INC	169,882	$12,655	1.1%	$73.07	0.0%	COM	436440101
—	CIDARA THERAPEUTICS INC COM NEW	57,075	$12,607	1.1%	$220.89	—	COM NEW	171757206
SEE	SEALED AIR CORP NEW	215,780	$8,940	0.8%	$38.57	0.0%	COM	81211K100
OKE	ONEOK INC NEW	87,753	$6,450	0.5%	$70.46	0.0%	COM	682680103
—	REV GROUP INC	99,858	$6,072	0.5%	$60.81	—	COM	749527107
SOLS	SOLSTICE ADVANCED MATLS INC COM SHS	101,210	$4,917	0.4%	$47.08	0.0%	COM SHS	83443Q103
WBD	WARNER BROS DISCOVERY INC COM SER A	162,509	$4,684	0.4%	$23.37	0.0%	COM SER A	934423104
CWAN	CLEARWATER ANALYTICS HLDGS INC CL A	152,268	$3,673	0.3%	$20.03	0.0%	CL A	185123106
SUNC	SUNOCOCORP LLC COM SHS LLC	70,231	$3,461	0.3%	$49.49	0.0%	COM SHS LLC	86765Q106
GDEN	GOLDEN ENTMT INC	112,331	$3,054	0.3%	$25.68	0.0%	COM	381013101
SLB	SLB LIMITED COM STK	79,508	$3,052	0.3%	$36.06	0.0%	COM STK	806857108
PBF	PBF ENERGY INC CL A	110,324	$2,992	0.3%	$32.03	0.0%	CL A	69318G106
CMA	COMERICA INC	26,449	$2,299	0.2%	$79.98	0.0%	COM	200340107
AHL	ASPEN INSURANCE HOLDINGS LTD ORD SHS CL A	46,195	$1,714	0.1%	$36.88	0.0%	ORD SHS CL A	G05384501
PCH	POTLATCHDELTIC CORPORATION	39,700	$1,579	0.1%	$39.78	—	COM	737630103
KW	KENNEDY-WILSON HOLDINGS INC	95,552	$924	0.1%	$8.96	0.0%	COM	489398107
BELFA	BEL FUSE INC CL A	5,942	$902	0.1%	$134.10	0.0%	CL A	077347201
MOFG	MIDWESTONE FINL GROUP INC NEW	22,992	$885	0.1%	$36.46	0.0%	COM	598511103
ALB	ALBEMARLE CORP	6,185	$875	0.1%	$113.25	0.0%	COM	012653101
—	AVADEL PHARMACEUTICALS PLC COM SHS	27,231	$587	0.0%	$21.55	—	COM SHS	G29687103
—	ASTRIA THERAPEUTICS INC	39,576	$518	0.0%	$13.09	—	COM	04635X102
ZEUS	OLYMPIC STEEL INC	4,735	$203	0.0%	$35.69	0.0%	COM	68162K106

Increased Positions (43)

AL AIR LEASE CORP CL A 2.8%

Value ($000) $33,187 (+656.8%) Shares 516,695 (+649.9%) Est. Cost $63.12 Unrealized +0.9%

— CYBERARK SOFTWARE LTD 2.6%

Value ($000) $30,634 (+596.8%) Shares 68,677 (+654.7%) Est. Cost $450.97 Unrealized —

— FRONTIER COMMUNICATIONS PARENT 1.9%

Value ($000) $22,413 (+602.7%) Shares 588,722 (+589.4%) Est. Cost $37.92 Unrealized —

LBRDK LIBERTY BROADBAND CORP COM SER C 1.3%

Value ($000) $15,700 (+7144.0%) Shares 323,052 (+9370.9%) Est. Cost $52.19 Unrealized -0.3%

FTI TECHNIPFMC PLC 3.2%

Value ($000) $37,441 (+69.2%) Shares 840,243 (+49.8%) Est. Cost $28.07 Unrealized +50.3%

EA ELECTRONIC ARTS INC 1.3%

Value ($000) $15,291 (+14423.6%) Shares 74,837 (+14236.6%) Est. Cost $201.46 Unrealized +0.1%

GTLS CHART INDS INC 1.1%

Value ($000) $13,281 (+5932.4%) Shares 64,400 (+5754.5%) Est. Cost $202.42 Unrealized +0.1%

BP BP PLC SPONSORED ADR 1.5%

Value ($000) $17,141 (+127.0%) Shares 493,556 (+125.2%) Est. Cost $33.45 Unrealized —

SDRL SEADRILL LTD 2.7%

Value ($000) $31,876 (+38.6%) Shares 921,275 (+21.0%) Est. Cost $31.22 Unrealized -0.2%

PR PERMIAN RESOURCES CORP CLASS A COM 5.2%

Value ($000) $61,599 (+15.9%) Shares 4,390,525 (+5.8%) Est. Cost $11.60 Unrealized +15.7%

NSC NORFOLK SOUTHN CORP 0.7%

Value ($000) $8,129 (+1324.2%) Shares 28,156 (+1381.9%) Est. Cost $287.77 Unrealized +0.3%

CCJ CAMECO CORP 2.0%

Value ($000) $23,131 (+40.0%) Shares 252,828 (+28.3%) Est. Cost $58.57 Unrealized +53.6%

CARR CARRIER GLOBAL CORPORATION 0.8%

Value ($000) $9,715 (+181.9%) Shares 183,851 (+218.5%) Est. Cost $55.03 Unrealized +0.9%

SEI SOLARIS ENERGY INFRAS INC COM CL A 1.5%

Value ($000) $18,226 (+50.6%) Shares 396,471 (+30.9%) Est. Cost $29.12 Unrealized +65.9%

TXNM TXNM ENERGY INC 0.9%

Value ($000) $10,076 (+121.1%) Shares 171,136 (+112.3%) Est. Cost $51.26 Unrealized +12.6%

SU SUNCOR ENERGY INC NEW 0.8%

Value ($000) $9,241 (+109.3%) Shares 208,308 (+97.3%) Est. Cost $41.17 Unrealized +2.6%

FDX FEDEX CORP 0.4%

Value ($000) $5,295 (+491.9%) Shares 18,331 (+383.2%) Est. Cost $251.97 Unrealized +3.8%

PBR PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR 0.4%

Value ($000) $5,140 (+325.0%) Shares 433,731 (+354.0%) Est. Cost $12.03 Unrealized —

MLM MARTIN MARIETTA MATLS INC 1.0%

Value ($000) $12,319 (+45.8%) Shares 19,785 (+47.5%) Est. Cost $546.24 Unrealized +13.8%

GEV GE VERNOVA INC 0.7%

Value ($000) $7,991 (+93.3%) Shares 12,227 (+81.8%) Est. Cost $359.28 Unrealized +69.5%

IMXI INTERNATIONAL MNY EXPRESS INC 0.3%

Value ($000) $3,105 (+1391.8%) Shares 202,166 (+1256.8%) Est. Cost $14.83 Unrealized +1.3%

SRE SEMPRA 1.1%

Value ($000) $13,019 (+21.7%) Shares 147,452 (+24.0%) Est. Cost $79.03 Unrealized +14.6%

SHW SHERWIN WILLIAMS CO 0.6%

Value ($000) $7,347 (+39.8%) Shares 22,675 (+49.4%) Est. Cost $343.32 Unrealized -2.7%

PCG PG&E CORP 0.5%

Value ($000) $6,146 (+41.1%) Shares 382,475 (+32.4%) Est. Cost $16.28 Unrealized -2.2%

MTDR MATADOR RES CO 4.0%

Value ($000) $47,418 (+3.6%) Shares 1,117,288 (+9.7%) Est. Cost $54.00 Unrealized -22.2%

EVRG EVERGY INC 0.9%

Value ($000) $10,355 (+18.3%) Shares 142,844 (+24.0%) Est. Cost $60.44 Unrealized +24.8%

NE NOBLE CORP PLC ORD SHS A 0.4%

Value ($000) $5,164 (+39.8%) Shares 182,844 (+40.0%) Est. Cost $34.74 Unrealized -15.8%

COP CONOCOPHILLIPS 3.5%

Value ($000) $41,511 (+3.6%) Shares 443,448 (+4.6%) Est. Cost $99.12 Unrealized -9.2%

TALO TALOS ENERGY INC 0.4%

Value ($000) $4,955 (+37.8%) Shares 449,620 (+19.9%) Est. Cost $9.22 Unrealized +13.5%

AEP AMERICAN ELEC PWR CO INC 0.5%

Value ($000) $6,320 (+27.2%) Shares 54,810 (+24.1%) Est. Cost $95.82 Unrealized +22.8%

HE HAWAIIAN ELEC INDUSTRIES 0.4%

Value ($000) $4,202 (+38.2%) Shares 341,609 (+24.0%) Est. Cost $10.47 Unrealized +10.7%

LNT ALLIANT ENERGY CORP 0.6%

Value ($000) $6,946 (+19.6%) Shares 106,850 (+24.1%) Est. Cost $56.51 Unrealized +18.3%

CNP CENTERPOINT ENERGY INC 0.3%

Value ($000) $3,750 (+39.9%) Shares 97,815 (+41.6%) Est. Cost $37.26 Unrealized +4.3%

CIVI CIVITAS RESOURCES INC COM NEW 0.6%

Value ($000) $6,634 (-13.7%) Shares 244,873 (+3.5%) Est. Cost $36.71 Unrealized -22.3%

AWK AMERICAN WTR WKS CO INC NEW 0.1%

Value ($000) $1,556 (+197.8%) Shares 11,925 (+217.7%) Est. Cost $135.67 Unrealized -1.8%

WEC WEC ENERGY GROUP INC 0.7%

Value ($000) $7,735 (+14.1%) Shares 73,342 (+24.0%) Est. Cost $89.95 Unrealized +22.6%

RIVN RIVIAN AUTOMOTIVE INC COM CL A 0.2%

Value ($000) $2,175 (+62.5%) Shares 110,348 (+21.0%) Est. Cost $12.65 Unrealized +25.5%

FLNC FLUENCE ENERGY INC COM CL A 0.1%

Value ($000) $1,521 (+121.6%) Shares 76,899 (+21.0%) Est. Cost $10.60 Unrealized +77.7%

UNP UNION PAC CORP 0.5%

Value ($000) $6,335 (+8.5%) Shares 27,385 (+10.8%) Est. Cost $223.56 Unrealized +1.7%

RRX REGAL REXNORD CORPORATION 0.2%

Value ($000) $2,306 (+21.3%) Shares 16,431 (+24.0%) Est. Cost $146.39 Unrealized -2.8%

LPX LOUISIANA PAC CORP 0.4%

Value ($000) $4,276 (-7.2%) Shares 52,950 (+2.1%) Est. Cost $103.14 Unrealized -18.1%

AUR AURORA INNOVATION INC CLASS A COM 0.1%

Value ($000) $1,571 (-13.8%) Shares 409,091 (+21.0%) Est. Cost $6.43 Unrealized -28.8%

ACDC PROFRAC HLDG CORP CLASS A COM 0.1%

Value ($000) $1,191 (+22.9%) Shares 306,202 (+16.9%) Est. Cost $6.09 Unrealized -32.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AL	AIR LEASE CORP CL A	516,695 (+649.9%)	$33,187 (+656.8%)	2.8%	$63.12	+0.9%	CL A	00912X302
—	CYBERARK SOFTWARE LTD	68,677 (+654.7%)	$30,634 (+596.8%)	2.6%	$450.97	—	SHS	M2682V108
—	FRONTIER COMMUNICATIONS PARENT	588,722 (+589.4%)	$22,413 (+602.7%)	1.9%	$37.92	—	COM	35909D109
LBRDK	LIBERTY BROADBAND CORP COM SER C	323,052 (+9370.9%)	$15,700 (+7144.0%)	1.3%	$52.19	-0.3%	COM SER C	530307305
FTI	TECHNIPFMC PLC	840,243 (+49.8%)	$37,441 (+69.2%)	3.2%	$28.07	+50.3%	COM	G87110105
EA	ELECTRONIC ARTS INC	74,837 (+14236.6%)	$15,291 (+14423.6%)	1.3%	$201.46	+0.1%	COM	285512109
GTLS	CHART INDS INC	64,400 (+5754.5%)	$13,281 (+5932.4%)	1.1%	$202.42	+0.1%	COM	16115Q308
BP	BP PLC SPONSORED ADR	493,556 (+125.2%)	$17,141 (+127.0%)	1.5%	$33.45	—	SPONSORED ADR	055622104
SDRL	SEADRILL LTD	921,275 (+21.0%)	$31,876 (+38.6%)	2.7%	$31.22	-0.2%	COM	G7997W102
PR	PERMIAN RESOURCES CORP CLASS A COM	4,390,525 (+5.8%)	$61,599 (+15.9%)	5.2%	$11.60	+15.7%	CLASS A COM	71424F105
NSC	NORFOLK SOUTHN CORP	28,156 (+1381.9%)	$8,129 (+1324.2%)	0.7%	$287.77	+0.3%	COM	655844108
CCJ	CAMECO CORP	252,828 (+28.3%)	$23,131 (+40.0%)	2.0%	$58.57	+53.6%	COM	13321L108
CARR	CARRIER GLOBAL CORPORATION	183,851 (+218.5%)	$9,715 (+181.9%)	0.8%	$55.03	+0.9%	COM	14448C104
SEI	SOLARIS ENERGY INFRAS INC COM CL A	396,471 (+30.9%)	$18,226 (+50.6%)	1.5%	$29.12	+65.9%	COM CL A	83418M103
TXNM	TXNM ENERGY INC	171,136 (+112.3%)	$10,076 (+121.1%)	0.9%	$51.26	+12.6%	COM	69349H107
SU	SUNCOR ENERGY INC NEW	208,308 (+97.3%)	$9,241 (+109.3%)	0.8%	$41.17	+2.6%	COM	867224107
FDX	FEDEX CORP	18,331 (+383.2%)	$5,295 (+491.9%)	0.4%	$251.97	+3.8%	COM	31428X106
PBR	PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR	433,731 (+354.0%)	$5,140 (+325.0%)	0.4%	$12.03	—	SPONSORED ADR	71654V408
MLM	MARTIN MARIETTA MATLS INC	19,785 (+47.5%)	$12,319 (+45.8%)	1.0%	$546.24	+13.8%	COM	573284106
GEV	GE VERNOVA INC	12,227 (+81.8%)	$7,991 (+93.3%)	0.7%	$359.28	+69.5%	COM	36828A101
IMXI	INTERNATIONAL MNY EXPRESS INC	202,166 (+1256.8%)	$3,105 (+1391.8%)	0.3%	$14.83	+1.3%	COM	46005L101
SRE	SEMPRA	147,452 (+24.0%)	$13,019 (+21.7%)	1.1%	$79.03	+14.6%	COM	816851109
SHW	SHERWIN WILLIAMS CO	22,675 (+49.4%)	$7,347 (+39.8%)	0.6%	$343.32	-2.7%	COM	824348106
PCG	PG&E CORP	382,475 (+32.4%)	$6,146 (+41.1%)	0.5%	$16.28	-2.2%	COM	69331C108
MTDR	MATADOR RES CO	1,117,288 (+9.7%)	$47,418 (+3.6%)	4.0%	$54.00	-22.2%	COM	576485205
EVRG	EVERGY INC	142,844 (+24.0%)	$10,355 (+18.3%)	0.9%	$60.44	+24.8%	COM	30034W106
NE	NOBLE CORP PLC ORD SHS A	182,844 (+40.0%)	$5,164 (+39.8%)	0.4%	$34.74	-15.8%	ORD SHS A	G65431127
COP	CONOCOPHILLIPS	443,448 (+4.6%)	$41,511 (+3.6%)	3.5%	$99.12	-9.2%	COM	20825C104
TALO	TALOS ENERGY INC	449,620 (+19.9%)	$4,955 (+37.8%)	0.4%	$9.22	+13.5%	COM	87484T108
AEP	AMERICAN ELEC PWR CO INC	54,810 (+24.1%)	$6,320 (+27.2%)	0.5%	$95.82	+22.8%	COM	025537101
HE	HAWAIIAN ELEC INDUSTRIES	341,609 (+24.0%)	$4,202 (+38.2%)	0.4%	$10.47	+10.7%	COM	419870100
LNT	ALLIANT ENERGY CORP	106,850 (+24.1%)	$6,946 (+19.6%)	0.6%	$56.51	+18.3%	COM	018802108
CNP	CENTERPOINT ENERGY INC	97,815 (+41.6%)	$3,750 (+39.9%)	0.3%	$37.26	+4.3%	COM	15189T107
CIVI	CIVITAS RESOURCES INC COM NEW	244,873 (+3.5%)	$6,634 (-13.7%)	0.6%	$36.71	-22.3%	COM NEW	17888H103
AWK	AMERICAN WTR WKS CO INC NEW	11,925 (+217.7%)	$1,556 (+197.8%)	0.1%	$135.67	-1.8%	COM	030420103
WEC	WEC ENERGY GROUP INC	73,342 (+24.0%)	$7,735 (+14.1%)	0.7%	$89.95	+22.6%	COM	92939U106
RIVN	RIVIAN AUTOMOTIVE INC COM CL A	110,348 (+21.0%)	$2,175 (+62.5%)	0.2%	$12.65	+25.5%	COM CL A	76954A103
FLNC	FLUENCE ENERGY INC COM CL A	76,899 (+21.0%)	$1,521 (+121.6%)	0.1%	$10.60	+77.7%	COM CL A	34379V103
UNP	UNION PAC CORP	27,385 (+10.8%)	$6,335 (+8.5%)	0.5%	$223.56	+1.7%	COM	907818108
RRX	REGAL REXNORD CORPORATION	16,431 (+24.0%)	$2,306 (+21.3%)	0.2%	$146.39	-2.8%	COM	758750103
LPX	LOUISIANA PAC CORP	52,950 (+2.1%)	$4,276 (-7.2%)	0.4%	$103.14	-18.1%	COM	546347105
AUR	AURORA INNOVATION INC CLASS A COM	409,091 (+21.0%)	$1,571 (-13.8%)	0.1%	$6.43	-28.8%	CLASS A COM	051774107
ACDC	PROFRAC HLDG CORP CLASS A COM	306,202 (+16.9%)	$1,191 (+22.9%)	0.1%	$6.09	-32.9%	CLASS A COM	74319N100

Exited Positions (37)

SHEL SHELL PLC 1.7%

Value ($000) $19,882 Shares 277,956 Est. Cost $71.53 Unrealized —

CASY CASEYS GEN STORES INC 0.9%

Value ($000) $10,902 Shares 19,285 Est. Cost $521.89 Unrealized +5.3%

DINO HF SINCLAIR CORP 0.8%

Value ($000) $9,611 Shares 183,617 Est. Cost $46.72 Unrealized +9.8%

KMI KINDER MORGAN INC DEL 0.7%

Value ($000) $8,209 Shares 289,971 Est. Cost $26.97 Unrealized -0.2%

BKR BAKER HUGHES COMPANY 0.4%

Value ($000) $4,551 Shares 93,418 Est. Cost $43.83 Unrealized +8.0%

— VERONA PHARMA PLC 0.4%

Value ($000) $4,366 Shares 40,913 Est. Cost $106.71 Unrealized —

CNM CORE & MAIN INC 0.3%

Value ($000) $3,864 Shares 71,773 Est. Cost $47.27 Unrealized +8.5%

— SANDSTORM GOLD LTD 0.3%

Value ($000) $3,736 Shares 298,431 Est. Cost $12.52 Unrealized —

— WNS HLDGS LTD 0.3%

Value ($000) $3,470 Shares 45,500 Est. Cost $76.27 Unrealized —

PEG PUBLIC SVC ENTERPRISE GRP IN 0.3%

Value ($000) $3,363 Shares 40,294 Est. Cost $82.72 Unrealized -2.0%

— VERITEX HLDGS INC 0.3%

Value ($000) $3,355 Shares 100,068 Est. Cost $33.53 Unrealized —

VG VENTURE GLOBAL INC 0.3%

Value ($000) $3,252 Shares 229,182 Est. Cost $14.20 Unrealized -41.5%

— HANESBRANDS INC 0.2%

Value ($000) $2,933 Shares 445,056 Est. Cost $6.59 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.2%

Value ($000) $2,699 Shares 12,018 Est. Cost $196.51 Unrealized +21.1%

— INTERPUBLIC GROUP COS INC 0.2%

Value ($000) $2,637 Shares 94,500 Est. Cost $24.94 Unrealized +4.1%

PPC PILGRIMS PRIDE CORP 0.2%

Value ($000) $2,633 Shares 64,656 Est. Cost $45.36 Unrealized -15.2%

LEN LENNAR CORP 0.2%

Value ($000) $2,318 Shares 18,393 Est. Cost $107.30 Unrealized +12.5%

— MR COOPER GROUP INC 0.2%

Value ($000) $2,265 Shares 10,746 Est. Cost $210.79 Unrealized —

— PREMIER INC 0.2%

Value ($000) $2,224 Shares 80,000 Est. Cost $27.80 Unrealized —

CW CURTISS WRIGHT CORP 0.2%

Value ($000) $1,938 Shares 3,569 Est. Cost $448.58 Unrealized +24.3%

AAL AMERICAN AIRLS GROUP INC 0.2%

Value ($000) $1,888 Shares 167,989 Est. Cost $11.56 Unrealized +16.7%

HCC WARRIOR MET COAL INC 0.1%

Value ($000) $1,305 Shares 20,509 Est. Cost $57.14 Unrealized +31.6%

— 89BIO INC 0.1%

Value ($000) $1,298 Shares 88,300 Est. Cost $14.70 Unrealized —

— HARBORONE BANCORP INC NEW 0.1%

Value ($000) $961 Shares 70,665 Est. Cost $11.68 Unrealized —

— PERFORMANT HEALTHCARE INC 0.1%

Value ($000) $784 Shares 101,481 Est. Cost $7.73 Unrealized —

— GUILD HLDGS CO 0.1%

Value ($000) $744 Shares 37,297 Est. Cost $19.94 Unrealized —

— ALLETE INC 0.1%

Value ($000) $691 Shares 10,400 Est. Cost $66.40 Unrealized —

— PROS HOLDINGS INC 0.1%

Value ($000) $687 Shares 30,000 Est. Cost $22.91 Unrealized —

— POTBELLY CORP 0.1%

Value ($000) $598 Shares 35,110 Est. Cost $17.04 Unrealized —

— VIMEO INC 0.0%

Value ($000) $487 Shares 62,889 Est. Cost $7.75 Unrealized —

— KELLANOVA 0.0%

Value ($000) $443 Shares 5,400 Est. Cost $78.61 Unrealized +5.1%

— MERUS N V 0.0%

Value ($000) $443 Shares 4,700 Est. Cost $94.15 Unrealized —

STAA STAAR SURGICAL CO 0.0%

Value ($000) $295 Shares 10,970 Est. Cost $23.84 Unrealized +8.1%

— SOHO HOUSE & CO INC 0.0%

Value ($000) $264 Shares 29,800 Est. Cost $8.85 Unrealized —

— PROVIDENT BANCORP INC 0.0%

Value ($000) $205 Shares 16,390 Est. Cost $12.49 Unrealized —

TASK TASKUS INC 0.0%

Value ($000) $95 Shares 5,310 Est. Cost $17.30 Unrealized -26.1%

— BERRY CORP 0.0%

Value ($000) $1 Shares 149 Est. Cost $3.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHEL	SHELL PLC	277,956	$19,882	1.7%	$71.53	—	—	780259305
CASY	CASEYS GEN STORES INC	19,285	$10,902	0.9%	$521.89	+5.3%	—	147528103
DINO	HF SINCLAIR CORP	183,617	$9,611	0.8%	$46.72	+9.8%	—	403949100
KMI	KINDER MORGAN INC DEL	289,971	$8,209	0.7%	$26.97	-0.2%	—	49456B101
BKR	BAKER HUGHES COMPANY	93,418	$4,551	0.4%	$43.83	+8.0%	—	05722G100
—	VERONA PHARMA PLC	40,913	$4,366	0.4%	$106.71	—	—	925050106
CNM	CORE & MAIN INC	71,773	$3,864	0.3%	$47.27	+8.5%	—	21874C102
—	SANDSTORM GOLD LTD	298,431	$3,736	0.3%	$12.52	—	—	80013R206
—	WNS HLDGS LTD	45,500	$3,470	0.3%	$76.27	—	—	G98196101
PEG	PUBLIC SVC ENTERPRISE GRP IN	40,294	$3,363	0.3%	$82.72	-2.0%	—	744573106
—	VERITEX HLDGS INC	100,068	$3,355	0.3%	$33.53	—	—	923451108
VG	VENTURE GLOBAL INC	229,182	$3,252	0.3%	$14.20	-41.5%	—	92333F101
—	HANESBRANDS INC	445,056	$2,933	0.2%	$6.59	—	—	410345102
FERG	FERGUSON ENTERPRISES INC	12,018	$2,699	0.2%	$196.51	+21.1%	—	31488V107
—	INTERPUBLIC GROUP COS INC	94,500	$2,637	0.2%	$24.94	+4.1%	—	460690100
PPC	PILGRIMS PRIDE CORP	64,656	$2,633	0.2%	$45.36	-15.2%	—	72147K108
LEN	LENNAR CORP	18,393	$2,318	0.2%	$107.30	+12.5%	—	526057104
—	MR COOPER GROUP INC	10,746	$2,265	0.2%	$210.79	—	—	62482R107
—	PREMIER INC	80,000	$2,224	0.2%	$27.80	—	—	74051N102
CW	CURTISS WRIGHT CORP	3,569	$1,938	0.2%	$448.58	+24.3%	—	231561101
AAL	AMERICAN AIRLS GROUP INC	167,989	$1,888	0.2%	$11.56	+16.7%	—	02376R102
HCC	WARRIOR MET COAL INC	20,509	$1,305	0.1%	$57.14	+31.6%	—	93627C101
—	89BIO INC	88,300	$1,298	0.1%	$14.70	—	—	282559103
—	HARBORONE BANCORP INC NEW	70,665	$961	0.1%	$11.68	—	—	41165Y100
—	PERFORMANT HEALTHCARE INC	101,481	$784	0.1%	$7.73	—	—	71377E105
—	GUILD HLDGS CO	37,297	$744	0.1%	$19.94	—	—	40172N107
—	ALLETE INC	10,400	$691	0.1%	$66.40	—	—	018522300
—	PROS HOLDINGS INC	30,000	$687	0.1%	$22.91	—	—	74346Y103
—	POTBELLY CORP	35,110	$598	0.1%	$17.04	—	—	73754Y100
—	VIMEO INC	62,889	$487	0.0%	$7.75	—	—	92719V100
—	KELLANOVA	5,400	$443	0.0%	$78.61	+5.1%	—	487836108
—	MERUS N V	4,700	$443	0.0%	$94.15	—	—	N5749R100
STAA	STAAR SURGICAL CO	10,970	$295	0.0%	$23.84	+8.1%	—	852312305
—	SOHO HOUSE & CO INC	29,800	$264	0.0%	$8.85	—	—	586001109
—	PROVIDENT BANCORP INC	16,390	$205	0.0%	$12.49	—	—	74383L105
TASK	TASKUS INC	5,310	$95	0.0%	$17.30	-26.1%	—	87652V109
—	BERRY CORP	149	$1	0.0%	$3.78	—	—	08579X101

Decreased Positions (27)

APA APA CORPORATION 1.3%

Value ($000) $15,633 (-48.0%) Shares 639,108 (-48.4%) Est. Cost $22.38 Unrealized +7.8%

VLO VALERO ENERGY CORP 1.5%

Value ($000) $17,240 (-38.7%) Shares 105,903 (-35.9%) Est. Cost $133.39 Unrealized +26.6%

SO SOUTHERN CO 0.2%

Value ($000) $1,990 (-80.9%) Shares 22,817 (-79.3%) Est. Cost $75.78 Unrealized +20.0%

DVN DEVON ENERGY CORP NEW 0.4%

Value ($000) $4,563 (-58.4%) Shares 124,567 (-60.2%) Est. Cost $34.11 Unrealized +1.8%

GLNG GOLAR LNG LTD 0.8%

Value ($000) $9,089 (-36.4%) Shares 244,271 (-30.9%) Est. Cost $38.08 Unrealized +0.0%

PNW PINNACLE WEST CAP CORP 0.3%

Value ($000) $3,791 (-51.0%) Shares 42,744 (-50.4%) Est. Cost $87.40 Unrealized +2.1%

VST VISTRA CORP 0.4%

Value ($000) $4,421 (-46.4%) Shares 27,405 (-34.9%) Est. Cost $89.54 Unrealized +103.2%

RRC RANGE RES CORP 2.1%

Value ($000) $24,586 (-13.2%) Shares 697,267 (-7.3%) Est. Cost $31.04 Unrealized +20.0%

OII OCEANEERING INTL INC 0.8%

Value ($000) $9,133 (-27.7%) Shares 380,070 (-25.4%) Est. Cost $17.09 Unrealized +41.3%

WMB WILLIAMS COS INC 1.6%

Value ($000) $18,345 (-15.2%) Shares 305,195 (-10.6%) Est. Cost $46.29 Unrealized +29.8%

SAIA SAIA INC 0.7%

Value ($000) $7,794 (-28.2%) Shares 23,869 (-34.2%) Est. Cost $310.32 Unrealized -2.6%

PPL PPL CORP 0.7%

Value ($000) $7,954 (-27.0%) Shares 227,139 (-22.5%) Est. Cost $29.10 Unrealized +23.1%

TLN TALEN ENERGY CORP 0.5%

Value ($000) $6,068 (-29.7%) Shares 16,189 (-20.3%) Est. Cost $138.87 Unrealized +179.9%

OVV OVINTIV INC 1.8%

Value ($000) $21,717 (-10.1%) Shares 554,147 (-7.3%) Est. Cost $44.94 Unrealized -13.7%

XOM EXXON MOBIL CORP 3.1%

Value ($000) $37,097 (-5.8%) Shares 308,270 (-11.7%) Est. Cost $106.85 Unrealized +8.1%

ETN EATON CORP PLC 0.3%

Value ($000) $4,068 (-31.1%) Shares 12,773 (-19.0%) Est. Cost $345.79 Unrealized +2.5%

BG BUNGE GLOBAL SA COM SHS 0.6%

Value ($000) $7,286 (-16.1%) Shares 81,790 (-23.5%) Est. Cost $79.21 Unrealized +16.0%

WFRD WEATHERFORD INTL PLC ORD SHS 1.6%

Value ($000) $19,013 (-5.4%) Shares 242,942 (-17.3%) Est. Cost $54.26 Unrealized +33.8%

DAR DARLING INGREDIENTS INC 0.8%

Value ($000) $9,547 (-8.5%) Shares 265,198 (-21.6%) Est. Cost $33.35 Unrealized +1.5%

OGE OGE ENERGY CORP 0.1%

Value ($000) $1,452 (-31.4%) Shares 33,994 (-25.6%) Est. Cost $44.40 Unrealized +0.5%

XPRO EXPRO GROUP HOLDINGS NV 0.8%

Value ($000) $9,373 (-5.0%) Shares 702,086 (-15.5%) Est. Cost $18.08 Unrealized -25.4%

CEG CONSTELLATION ENERGY CORP 0.5%

Value ($000) $6,169 (-6.4%) Shares 17,463 (-12.8%) Est. Cost $313.15 Unrealized +16.0%

AMWD AMERICAN WOODMARK CORPORATION 0.1%

Value ($000) $855 (-32.9%) Shares 15,862 (-16.9%) Est. Cost $61.36 Unrealized -4.6%

ATI ATI INC 0.5%

Value ($000) $5,905 (+4.4%) Shares 51,455 (-26.0%) Est. Cost $77.21 Unrealized +26.2%

RAL RALLIANT CORP 0.5%

Value ($000) $6,042 (+3.8%) Shares 118,674 (-10.9%) Est. Cost $44.46 Unrealized +5.4%

DTM DT MIDSTREAM INC COMMON STOCK 0.5%

Value ($000) $5,758 (+3.2%) Shares 48,113 (-2.5%) Est. Cost $103.16 Unrealized +10.8%

HP HELMERICH & PAYNE INC 0.7%

Value ($000) $8,253 (-0.8%) Shares 287,771 (-23.6%) Est. Cost $18.44 Unrealized +44.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APA	APA CORPORATION	639,108 (-48.4%)	$15,633 (-48.0%)	1.3%	$22.38	+7.8%	COM	03743Q108
VLO	VALERO ENERGY CORP	105,903 (-35.9%)	$17,240 (-38.7%)	1.5%	$133.39	+26.6%	COM	91913Y100
SO	SOUTHERN CO	22,817 (-79.3%)	$1,990 (-80.9%)	0.2%	$75.78	+20.0%	COM	842587107
DVN	DEVON ENERGY CORP NEW	124,567 (-60.2%)	$4,563 (-58.4%)	0.4%	$34.11	+1.8%	COM	25179M103
GLNG	GOLAR LNG LTD	244,271 (-30.9%)	$9,089 (-36.4%)	0.8%	$38.08	+0.0%	SHS	G9456A100
PNW	PINNACLE WEST CAP CORP	42,744 (-50.4%)	$3,791 (-51.0%)	0.3%	$87.40	+2.1%	COM	723484101
VST	VISTRA CORP	27,405 (-34.9%)	$4,421 (-46.4%)	0.4%	$89.54	+103.2%	COM	92840M102
RRC	RANGE RES CORP	697,267 (-7.3%)	$24,586 (-13.2%)	2.1%	$31.04	+20.0%	COM	75281A109
OII	OCEANEERING INTL INC	380,070 (-25.4%)	$9,133 (-27.7%)	0.8%	$17.09	+41.3%	COM	675232102
WMB	WILLIAMS COS INC	305,195 (-10.6%)	$18,345 (-15.2%)	1.6%	$46.29	+29.8%	COM	969457100
SAIA	SAIA INC	23,869 (-34.2%)	$7,794 (-28.2%)	0.7%	$310.32	-2.6%	COM	78709Y105
PPL	PPL CORP	227,139 (-22.5%)	$7,954 (-27.0%)	0.7%	$29.10	+23.1%	COM	69351T106
TLN	TALEN ENERGY CORP	16,189 (-20.3%)	$6,068 (-29.7%)	0.5%	$138.87	+179.9%	COM	87422Q109
OVV	OVINTIV INC	554,147 (-7.3%)	$21,717 (-10.1%)	1.8%	$44.94	-13.7%	COM	69047Q102
XOM	EXXON MOBIL CORP	308,270 (-11.7%)	$37,097 (-5.8%)	3.1%	$106.85	+8.1%	COM	30231G102
ETN	EATON CORP PLC	12,773 (-19.0%)	$4,068 (-31.1%)	0.3%	$345.79	+2.5%	SHS	G29183103
BG	BUNGE GLOBAL SA COM SHS	81,790 (-23.5%)	$7,286 (-16.1%)	0.6%	$79.21	+16.0%	COM SHS	H11356104
WFRD	WEATHERFORD INTL PLC ORD SHS	242,942 (-17.3%)	$19,013 (-5.4%)	1.6%	$54.26	+33.8%	ORD SHS	G48833118
DAR	DARLING INGREDIENTS INC	265,198 (-21.6%)	$9,547 (-8.5%)	0.8%	$33.35	+1.5%	COM	237266101
OGE	OGE ENERGY CORP	33,994 (-25.6%)	$1,452 (-31.4%)	0.1%	$44.40	+0.5%	COM	670837103
XPRO	EXPRO GROUP HOLDINGS NV	702,086 (-15.5%)	$9,373 (-5.0%)	0.8%	$18.08	-25.4%	COM	N3144W105
CEG	CONSTELLATION ENERGY CORP	17,463 (-12.8%)	$6,169 (-6.4%)	0.5%	$313.15	+16.0%	COM	21037T109
AMWD	AMERICAN WOODMARK CORPORATION	15,862 (-16.9%)	$855 (-32.9%)	0.1%	$61.36	-4.6%	COM	030506109
ATI	ATI INC	51,455 (-26.0%)	$5,905 (+4.4%)	0.5%	$77.21	+26.2%	COM	01741R102
RAL	RALLIANT CORP	118,674 (-10.9%)	$6,042 (+3.8%)	0.5%	$44.46	+5.4%	COM	750940108
DTM	DT MIDSTREAM INC COMMON STOCK	48,113 (-2.5%)	$5,758 (+3.2%)	0.5%	$103.16	+10.8%	COMMON STOCK	23345M107
HP	HELMERICH & PAYNE INC	287,771 (-23.6%)	$8,253 (-0.8%)	0.7%	$18.44	+44.1%	COM	423452101

Unchanged Positions (2)

EXE EXPAND ENERGY CORPORATION 6.9%

Value ($000) $80,906 Shares 733,110 Est. Cost $88.63 Unrealized +24.8%

DK DELEK US HLDGS INC NEW 0.4%

Value ($000) $4,570 Shares 154,082 Est. Cost $25.83 Unrealized +37.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXE	EXPAND ENERGY CORPORATION	733,110	$80,906	6.9%	$88.63	+24.8%	COM	165167735
DK	DELEK US HLDGS INC NEW	154,082	$4,570	0.4%	$25.83	+37.8%	COM	24665A103