CIK: 0001323414 · Show all filings
Period: Q4 2025 (← Previous)
Filing Date: Feb 5, 2026
Total Value ($000): $2,668,125 (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| FCX | FREEPORT-MCMORAN INC | 2,650,000 (+3.9%) | $134,594 (+34.6%) | 5.0% | $28.02 | +54.6% | CL B | 35671D857 |
| NVDA | NVIDIA CORP | 860,000 (+10.3%) | $160,390 (+10.2%) | 6.0% | $119.96 | +55.2% | COM | 67066G104 |
| COST | COSTCO WHSL CORP NEW | 72,000 (+38.5%) | $62,088 (+29.0%) | 2.3% | $370.51 | +144.5% | COM NEW | 22160K105 |
| RIO | RIO TINTO PLC | 425,000 (+30.8%) | $34,013 (+58.5%) | 1.3% | $63.63 | — | SPONSORED ADR | 767204100 |
| AMT | AMERICAN TOWER CORP NEW | 200,000 (+60.0%) | $35,114 (+46.1%) | 1.3% | $185.75 | -2.9% | COM | 03027X100 |
| AVB | AVALONBAY CMNTYS INC | 150,000 (+76.5%) | $27,197 (+65.6%) | 1.0% | $154.72 | +16.2% | COM | 053484101 |
| TWLO | TWILIO INC | 210,000 (+5.0%) | $29,870 (+49.2%) | 1.1% | $108.36 | +14.3% | CL A | 90138F102 |
| XOM | EXXON MOBIL CORP | 275,000 (+31.0%) | $33,094 (+39.8%) | 1.2% | $78.53 | +47.1% | COM | 30231G102 |
| CVX | CHEVRON CORP | 275,000 (+31.0%) | $41,913 (+28.5%) | 1.6% | $112.77 | +34.3% | COM NEW | 166764100 |
| COP | CONOCOPHILLIPS | 300,000 (+42.9%) | $28,083 (+41.4%) | 1.1% | $70.35 | +28.0% | COM | 20825C104 |
| SCHW | SCHWAB CHARLES CORP | 330,000 (+26.9%) | $32,970 (+32.8%) | 1.2% | $68.95 | +37.4% | COM NEW | 808513105 |
| AVGO | BROADCOM INC | 252,000 (+5.0%) | $87,217 (+10.2%) | 3.3% | $175.08 | +103.9% | COM | 11135F101 |
| META | META PLATFORMS INC | 190,000 (+18.8%) | $125,417 (+6.7%) | 4.7% | $252.27 | +164.5% | CL A | 30303M102 |
| OUT | OUTFRONT MEDIA INC | 850,000 (+21.4%) | $20,485 (+59.7%) | 0.8% | $18.06 | — | COM NEW | 69007J304 |
| V | VISA INC | 85,000 (+30.8%) | $29,810 (+34.3%) | 1.1% | $248.39 | +37.0% | COM CL A | 92826C839 |
| NUE | NUCOR CORP | 175,000 (+12.9%) | $28,544 (+36.0%) | 1.1% | $101.84 | +47.1% | COM | 670346105 |
| NTR | NUTRIEN LTD | 400,000 (+33.3%) | $24,688 (+40.2%) | 0.9% | $50.80 | +15.9% | COM | 67077M108 |
| AFRM | AFFIRM HLDGS INC | 525,000 (+19.3%) | $39,076 (+21.5%) | 1.5% | $66.36 | +8.4% | COM CL A | 00827B106 |
| STT | STATE STREET CORPORATION | 215,000 (+16.2%) | $27,737 (+29.2%) | 1.0% | $89.61 | +32.8% | COM | 857477103 |
| MS | MORGAN STANLEY | 250,000 (+4.2%) | $44,383 (+16.3%) | 1.7% | $98.56 | +68.9% | COM NEW | 617446448 |
| BHP | BHP BILLITON LTD | 425,000 (+21.4%) | $25,657 (+31.5%) | 1.0% | $53.65 | — | SPONSORED ADR | 088606108 |
| LMT | LOCKHEED MARTIN CORP | 90,000 (+20.0%) | $43,530 (+16.3%) | 1.6% | $419.10 | +13.6% | COM | 539830109 |
| CP | CANADIAN PACIFIC KANSAS CITY | 285,000 (+42.5%) | $20,985 (+40.9%) | 0.8% | $76.15 | -3.3% | COM | 13646K108 |
| WY | WEYERHAEUSER CO | 600,000 (+71.4%) | $14,214 (+63.8%) | 0.5% | $23.64 | -2.8% | COM | 962166104 |
| APP | APPLOVIN CORP | 120,000 (+14.3%) | $80,858 (+7.2%) | 3.0% | $405.81 | +55.3% | COM CL A | 03831W108 |
| TPL | TEXAS PACIFIC LAND CORP | 620,000 (+235.1%) | $178,076 (+3.1%) | 6.7% | $264.31 | +15.4% | COM | 88262P102 |
| CSR | CENTERSPACE | 275,000 (+22.2%) | $18,348 (+38.4%) | 0.7% | $68.86 | — | COM | 15202L107 |
| A | AGILENT TECHNOLOGIES INC | 150,000 (+25.0%) | $20,411 (+32.5%) | 0.8% | $95.00 | +51.3% | COM | 00846U101 |
| FRT | FEDERAL RLTY INVT TR | 200,000 (+33.3%) | $20,160 (+32.7%) | 0.8% | $99.88 | -2.5% | SH BEN INT NEW | 313745101 |
| PLTR | PALANTIR TECHNOLOGIES INC | 1,175,000 (+4.9%) | $208,856 (+2.2%) | 7.8% | $86.05 | +110.4% | CL A | 69608A108 |
| UDR | UDR INC | 350,000 (+55.6%) | $12,838 (+53.1%) | 0.5% | $30.37 | +17.0% | COM | 902653104 |
| UMH | UMH PPTYS INC | 650,000 (+62.5%) | $10,342 (+74.1%) | 0.4% | $14.55 | — | COM | 903002103 |
| STAG | STAG INDL INC | 500,000 (+25.0%) | $18,380 (+30.2%) | 0.7% | $36.14 | — | COM | 85254J102 |
| MRP | MILLROSE PPTYS INC | 700,000 (+40.0%) | $20,909 (+24.4%) | 0.8% | $29.05 | — | COM CL A | 601137102 |
| CUBE | CUBESMART | 450,000 (+50.0%) | $16,223 (+33.0%) | 0.6% | $39.12 | — | COM | 229663109 |
| LULU | LULULEMON ATHLETICA INC | 75,000 (+15.4%) | $15,586 (+34.8%) | 0.6% | $242.87 | -25.4% | COM | 550021109 |
| VNOM | VIPER ENERGY INC | 450,000 (+28.6%) | $17,384 (+30.0%) | 0.7% | $38.05 | -0.5% | CL A | 64361Q101 |
| OVV | OVINTIV INC | 600,000 (+23.7%) | $23,514 (+20.1%) | 0.9% | $38.65 | +0.3% | COM | 69047Q102 |
| ARM | ARM HOLDINGS PLC | 275,000 (+48.6%) | $30,060 (+14.8%) | 1.1% | $141.27 | — | SPONSORED ADS | 042068205 |
| BXP | BXP INC (formerly Boston Properties, Inc.) | 250,000 (+42.9%) | $16,870 (+29.7%) | 0.6% | $68.27 | +3.1% | COM | 101121101 |
| VNO | VORNADO RLTY TR | 350,000 (+75.0%) | $11,648 (+43.7%) | 0.4% | $37.14 | — | SH BEN INT | 929042109 |
| ESS | ESSEX PPTY TR INC | 100,000 (+17.6%) | $26,168 (+15.0%) | 1.0% | $200.71 | +27.7% | COM | 297178105 |
| APA | APA CORPORATION | 550,000 (+29.4%) | $13,453 (+30.4%) | 0.5% | $20.63 | +16.9% | COM | 03743Q108 |
| MUR | MURPHY OIL CORP | 550,000 (+10.0%) | $17,188 (+21.0%) | 0.6% | $24.65 | +20.1% | COM | 626717102 |
| QUBT | QUANTUM COMPUTING INC | 900,000 (+38.5%) | $9,234 (-22.8%) | 0.3% | $13.62 | +4.5% | COM | 74766W108 |
| CNQ | CANADIAN NAT RES LTD | 550,000 (+10.0%) | $18,618 (+16.5%) | 0.7% | $27.35 | +18.5% | COM | 136385101 |
| DVN | DEVON ENERGY CORPORATION | 550,000 (+10.0%) | $20,147 (+14.9%) | 0.8% | $25.22 | +37.7% | COM NEW | 25179M103 |
| REG | REGENCY CTRS CORP | 275,000 (+22.2%) | $18,983 (+15.7%) | 0.7% | $61.98 | +12.1% | COM | 758849103 |
| ITW | ILLINOIS TOOL WKS INC | 115,000 (+15.0%) | $28,325 (+8.6%) | 1.1% | $160.15 | +54.6% | COM | 452308109 |
| FLR | FLUOR CORP NEW | 400,000 (+23.1%) | $15,852 (+15.9%) | 0.6% | $42.49 | +4.1% | COM NEW | 343412102 |
| UBER | UBER TECHNOLOGIES INC | 335,000 (+28.8%) | $27,373 (+7.5%) | 1.0% | $55.11 | +63.4% | COM | 90353T100 |
| BP | BP PLC | 350,000 (+16.7%) | $12,156 (+17.6%) | 0.5% | $31.49 | — | SPONSORED ADR | 055622104 |
| DLR | DIGITAL RLTY TR INC | 150,000 (+20.0%) | $23,207 (+7.4%) | 0.9% | $109.45 | +49.0% | COM | 253868103 |
| APD | AIR PRODS & CHEMS INC | 100,000 (+17.6%) | $24,702 (+6.6%) | 0.9% | $181.73 | +38.5% | COM | 009158106 |
| OXY | OCCIDENTAL PETE CORP | 450,000 (+25.0%) | $18,504 (+8.8%) | 0.7% | $41.30 | +0.6% | COM | 674599105 |
| WSM | WILLIAMS SONOMA INC | 150,000 (+15.4%) | $26,789 (+5.4%) | 1.0% | $108.57 | +72.5% | COM | 969904101 |
| DINO | HF SINCLAIR CORPORATION | 425,000 (+21.4%) | $19,584 (+6.9%) | 0.7% | $36.88 | +39.1% | COM | 403949100 |
| ADSK | AUTODESK INC | 95,000 (+11.8%) | $28,121 (+4.1%) | 1.1% | $196.71 | +53.8% | COM | 052769106 |
| HIW | HIGHWOODS PPTYS INC | 350,000 (+40.0%) | $9,037 (+13.6%) | 0.3% | $33.74 | — | COM | 431284108 |
| LEN | LENNAR CORP | 225,000 (+28.6%) | $23,130 (+4.9%) | 0.9% | $104.69 | +15.3% | CL A | 526057104 |
| PSX | PHILLIPS 66 | 100,000 (+11.1%) | $12,904 (+5.4%) | 0.5% | $95.96 | +39.6% | COM | 718546104 |
| IPGP | IPG PHOTONICS CORP | 225,000 (+12.5%) | $16,110 (+1.7%) | 0.6% | $70.99 | +14.9% | COM | 44980X109 |
| KIM | KIMCO RLTY CORP | 550,000 (+10.0%) | $11,149 (+2.0%) | 0.4% | $19.10 | +7.7% | COM | 49446R109 |
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| GPCR | STRUCTURE THERAPEUTICS INC | 700,000 | $48,685 | 1.8% | $23.23 | — | SPONSORED ADS | 86366E106 |
| ALB | ALBEMARLE CORP | 200,000 | $28,288 | 1.1% | $85.52 | +32.4% | COM | 012653101 |
| PH | PARKER HANNIFIN CORP | 65,000 | $57,132 | 2.1% | $305.75 | +167.5% | COM | 701094104 |
| BIREF | BIRCHCLIFF ENERGY LTD | 3,500,000 | $19,044 | 0.7% | $4.73 | +4.2% | COM | 090697103 |
| FDX | FEDEX CORP | 85,000 | $24,553 | 0.9% | $163.36 | +60.1% | COM | 31428X106 |
| AMGN | AMGEN INC | 85,000 | $27,821 | 1.0% | $185.07 | +70.7% | COM | 031162100 |
| CCJ | CAMECO CORP | 500,000 | $45,745 | 1.7% | $16.96 | +430.3% | COM | 13321L108 |
| PLD | PROLOGIS INC | 225,000 | $28,724 | 1.1% | $78.89 | +57.0% | COM | 74340W103 |
| SOUHY | SOUTH32 LTD | 500,000 | $5,910 | 0.2% | $9.87 | — | ADR | 84473L105 |
| WYNN | WYNN RESORTS LTD | 150,000 | $18,050 | 0.7% | $96.08 | +28.6% | COM | 983134107 |
| VALE | VALE SA | 500,000 | $6,515 | 0.2% | $9.82 | — | ADR | 91912E105 |
| OXY/WS | OCCIDENTAL PETROLEUM CORP WARRANT | 100,000 | $1,927 | 0.1% | $14.83 | — | EXP 08/03/2027 | 674599162 |
| ALEX | ALEXANDER & BALDWIN INC | 200,000 | $4,128 | 0.2% | $28.51 | — | COM NEW | 014491104 |
| SPG | SIMON PPTY GROUP INC NEW | 125,000 | $23,139 | 0.9% | $148.29 | +21.4% | COM | 828806109 |
| R | RYDER SYS INC | 100,000 | $19,139 | 0.7% | $130.07 | +38.2% | COM | 783549108 |
| DIS | DISNEY WALT CO | 150,000 | $17,066 | 0.6% | $102.46 | +6.9% | COM | 254687106 |