Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FANG	DIAMONDBACK ENERGY INC	219,683	$43.45M	2.5%	$159.83	0.0%	COM	25278X109
FPS	FORGENT POWER SOLUTIONS INC	974,601	$28.53M	1.6%	$29.27	—	COM SHS CL A	34631F102
ED	CONSOLIDATED EDISON INC	250,031	$28.3M	1.6%	$105.35	0.0%	COM	209115104
WMB	WILLIAMS COS INC	384,974	$28.02M	1.6%	$66.35	0.0%	COM	969457100
KNTK	KINETIK HOLDINGS INC	460,853	$22.31M	1.3%	$40.27	0.0%	COM NEW CL A	02215L209
AM	ANTERO MIDSTREAM CORP	764,952	$17.44M	1.0%	$19.08	0.0%	COM	03676B102
CNM	CORE & MAIN INC	303,605	$15M	0.8%	$56.25	0.0%	CL A	21874C102
ADP	AUTOMATIC DATA PROCESSING IN	70,578	$14.34M	0.8%	$240.81	0.0%	COM	053015103
YPF	YPF SOCIEDAD ANONIMA	277,192	$12.81M	0.7%	$46.22	—	SPON ADR CL D	984245100
MUR	MURPHY OIL CORP	301,690	$12.44M	0.7%	$31.76	0.0%	COM	626717102
SOC	SABLE OFFSHORE CORP	714,307	$11.8M	0.7%	$9.61	0.0%	COM SHS	78574H104
PR	PERMIAN RESOURCES CORP	484,040	$10.32M	0.6%	$15.78	0.0%	CLASS A COM	71424F105
MCHI	ISHARES TR	181,454	$10.19M	0.6%	$56.18	—	MSCI CHINA ETF	46429B671
VST	VISTRA CORP	67,800	$10.19M	0.6%	$163.18	0.0%	COM	92840M102
TRGP	TARGA RES CORP	40,211	$10.08M	0.6%	$201.70	0.0%	COM	87612G101
CVE	CENOVUS ENERGY INC	379,748	$10.07M	0.6%	$19.61	0.0%	COM	15135U109
VLO	VALERO ENERGY CORP	39,777	$9.828M	0.6%	$190.06	0.0%	COM	91913Y100
NRG	NRG ENERGY INC	65,009	$9.5M	0.5%	$158.48	0.0%	COM NEW	629377508
LBRT	LIBERTY ENERGY INC	297,821	$8.577M	0.5%	$23.21	0.0%	COM CL A	53115L104
FLS	FLOWSERVE CORP	84,650	$6.223M	0.4%	$80.71	0.0%	COM	34354P105
APC	ARKO PETE CORP	299,878	$5.365M	0.3%	$17.89	—	CL A COM	04124A100
DD	DUPONT DE NEMOURS INC	113,578	$5.202M	0.3%	$46.11	0.0%	COM	26614N102
OPLN	OPENLANE INC	177,162	$5.164M	0.3%	$29.50	0.0%	COM	48238T109
PBF	PBF ENERGY INC	100,876	$4.804M	0.3%	$32.98	0.0%	CL A	69318G106
CEG	CONSTELLATION ENERGY CORP	15,003	$4.19M	0.2%	$301.15	0.0%	COM	21037T109
SUNC	SUNOCOCORP LLC	66,816	$4.119M	0.2%	$53.80	0.0%	COM SHS LLC	86765Q106
AN	AUTONATION INC	18,996	$3.709M	0.2%	$209.36	0.0%	COM	05329W102
ALV	AUTOLIV INC	34,568	$3.635M	0.2%	$124.94	0.0%	COM	052800109
FN	FABRINET	5,627	$2.935M	0.2%	$492.64	0.0%	SHS	G3323L100
UAMY	UNITED STATES ANTIMONY CORP	333,708	$2.913M	0.2%	$8.25	0.0%	COM	911549103
PPG	PPG INDS INC	24,956	$2.667M	0.2%	$116.87	0.0%	COM	693506107
ODFL	OLD DOMINION FREIGHT LINE IN	13,172	$2.574M	0.1%	$183.08	0.0%	COM	679580100
RRC	RANGE RES CORP	45,000	$2.033M	0.1%	$36.16	0.0%	COM	75281A109
RIVN	RIVIAN AUTOMOTIVE INC	103,482	$1.557M	0.1%	$16.32	0.0%	COM CL A	76954A103
DK	DELEK US HLDGS INC NEW	32,652	$1.472M	0.1%	$31.21	0.0%	COM	24665A103
IMSR	TERRESTRIAL ENERGY INC	240,113	$1.442M	0.1%	$6.01	—	COM SHS	881454102
ATMU	ATMUS FILTRATION TECHNOLOGIE	18,313	$1.04M	0.1%	$59.01	0.0%	COM	04956D107
CGCT	CARTESIAN GROWTH CORP III	100,000	$1.026M	0.1%	$10.29	0.0%	COM CL A	G19307100
SVAC	SPRING VY ACQUISITION CORP I	100,000	$1.016M	0.1%	$10.53	0.0%	SHS CL A	G8377R101
VGNT	VERSIGENT LTD	20,457	$652K	0.0%	$31.85	—	ORDINARY SHARES	G9600F104
AUR	AURORA INNOVATION INC	119,727	$493K	0.0%	$4.48	0.0%	CLASS A COM	051774107
TAC	TRANSALTA CORP	34,627	$455K	0.0%	$12.92	0.0%	COM	89346D107
CRDO	CREDO TECHNOLOGY GROUP HOLDI	3,000	$282K	0.0%	$131.33	0.0%	ORDINARY SHARES	G25457105
RES	RPC INC	36,957	$262K	0.0%	$5.97	0.0%	COM	749660106
ALAB	ASTERA LABS INC	2,000	$219K	0.0%	$157.63	0.0%	COM	04626A103

Increased Positions (33)

TBN TAMBORAN RES CORP 5.9%

Value $104M (+87.2%) Shares 2,076,315 (+1.9%) Est. Cost $22.37 Unrealized +26.1%

EXE EXPAND ENERGY CORPORATION 2.2%

Value $38.58M (+957.4%) Shares 351,394 (+963.0%) Est. Cost $106.25 Unrealized -0.4%

CTRA COTERRA ENERGY INC 3.7%

Value $65.63M (+107.1%) Shares 1,867,744 (+55.2%) Est. Cost $25.55 Unrealized +10.9%

GPOR GULFPORT ENERGY CORP 1.8%

Value $31.36M (+420.3%) Shares 148,202 (+411.4%) Est. Cost $191.74 Unrealized +1.5%

MDU MDU RES GROUP INC 1.8%

Value $32.12M (+138.4%) Shares 1,550,000 (+124.6%) Est. Cost $20.01 Unrealized +1.8%

APH AMPHENOL CORP 1.0%

Value $18.56M (+1064.6%) Shares 146,862 (+1145.6%) Est. Cost $143.43 Unrealized +2.1%

POR PORTLAND GEN ELEC CO 8.0%

Value $142M (+11.5%) Shares 2,690,996 (+1.4%) Est. Cost $41.84 Unrealized +20.9%

CHRD CHORD ENERGY CORPORATION 2.1%

Value $36.99M (+61.5%) Shares 260,133 (+5.3%) Est. Cost $127.04 Unrealized -23.0%

DTE DTE ENERGY CO 4.2%

Value $74.77M (+23.0%) Shares 511,367 (+8.5%) Est. Cost $115.07 Unrealized +18.9%

EE EXCELERATE ENERGY INC 1.0%

Value $17.65M (+227.8%) Shares 528,015 (+175.1%) Est. Cost $32.00 Unrealized +12.7%

AEP AMERICAN ELEC PWR CO INC 2.4%

Value $42.79M (+33.6%) Shares 326,416 (+17.5%) Est. Cost $118.12 Unrealized +2.0%

BETA BETA TECHNOLOGIES INC 1.6%

Value $27.91M (+61.4%) Shares 1,898,559 (+209.8%) Est. Cost $24.94 Unrealized -9.4%

F FORD MTR CO 1.6%

Value $27.51M (+44.3%) Shares 2,383,465 (+64.0%) Est. Cost $13.19 Unrealized +4.2%

KMX CARMAX INC 0.5%

Value $8.451M (+2711.5%) Shares 203,243 (+2512.7%) Est. Cost $44.70 Unrealized +0.4%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.9%

Value $16.66M (+61.9%) Shares 229,582 (+50.4%) Est. Cost $67.65 Unrealized +9.5%

IDR IDAHO STRATEGIC RESOURCES 0.5%

Value $9.544M (+157.6%) Shares 297,148 (+223.2%) Est. Cost $40.55 Unrealized +2.6%

BKH BLACK HILLS CORP 0.4%

Value $7.531M (+333.9%) Shares 108,500 (+334.0%) Est. Cost $70.64 Unrealized +1.8%

ABG ASBURY AUTOMOTIVE GROUP INC 0.7%

Value $13.05M (+64.6%) Shares 66,766 (+95.9%) Est. Cost $237.82 Unrealized -0.6%

FE FIRSTENERGY CORP 1.1%

Value $19.48M (+30.1%) Shares 384,504 (+14.9%) Est. Cost $42.75 Unrealized +10.1%

RAL RALLIANT CORP 0.6%

Value $11.41M (+58.5%) Shares 274,314 (+94.0%) Est. Cost $46.75 Unrealized +5.2%

ST SENSATA TECHNOLOGIES HLDG PL 0.2%

Value $4.084M (+267.7%) Shares 115,966 (+247.5%) Est. Cost $34.70 Unrealized +3.2%

NPWR NET POWER INC 0.2%

Value $4.311M (+152.4%) Shares 2,763,424 (+268.9%) Est. Cost $3.14 Unrealized -25.5%

NXPI NXP SEMICONDUCTORS N V 0.1%

Value $2.08M (+121.6%) Shares 10,565 (+144.3%) Est. Cost $220.77 Unrealized +6.2%

STLA STELLANTIS N.V 0.4%

Value $7.85M (-9.6%) Shares 1,107,184 (+38.8%) Est. Cost $9.33 Unrealized —

NB NIOCORP DEVS LTD 0.2%

Value $4.026M (+19.6%) Shares 902,680 (+42.2%) Est. Cost $4.84 Unrealized +30.2%

AQN ALGONQUIN POWER & UTILITIES 0.1%

Value $1.842M (+49.8%) Shares 300,000 (+50.0%) Est. Cost $6.13 Unrealized +6.2%

GNTX GENTEX CORP 0.1%

Value $1.765M (+51.2%) Shares 80,789 (+61.0%) Est. Cost $24.08 Unrealized -0.2%

INVZ INNOVIZ TECHNOLOGIES LTD 0.1%

Value $1.546M (+47.8%) Shares 2,443,824 (+99.4%) Est. Cost $0.94 Unrealized +8.7%

HSAI HESAI GROUP 0.0%

Value $858K (+81.1%) Shares 44,896 (+112.1%) Est. Cost $17.15 Unrealized —

ALLY ALLY FINL INC 0.0%

Value $844K (-10.7%) Shares 21,517 (+3.1%) Est. Cost $38.21 Unrealized +11.8%

EVGO EVGO INC 0.3%

Value $4.643M (-1.8%) Shares 2,699,353 (+66.2%) Est. Cost $3.44 Unrealized -12.4%

RACE FERRARI N V 0.1%

Value $1.026M (+7.3%) Shares 3,030 (+17.1%) Est. Cost $461.21 Unrealized -22.7%

TSLA TESLA INC 0.1%

Value $2.083M (+3.4%) Shares 5,602 (+25.1%) Est. Cost $439.82 Unrealized -3.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TBN	TAMBORAN RES CORP	2,076,315 (+1.9%)	$104M (+87.2%)	5.9%	$22.37	+26.1%	COM	87507T101
EXE	EXPAND ENERGY CORPORATION	351,394 (+963.0%)	$38.58M (+957.4%)	2.2%	$106.25	-0.4%	COM	165167735
CTRA	COTERRA ENERGY INC	1,867,744 (+55.2%)	$65.63M (+107.1%)	3.7%	$25.55	+10.9%	COM	127097103
GPOR	GULFPORT ENERGY CORP	148,202 (+411.4%)	$31.36M (+420.3%)	1.8%	$191.74	+1.5%	COMMON SHARES	402635502
MDU	MDU RES GROUP INC	1,550,000 (+124.6%)	$32.12M (+138.4%)	1.8%	$20.01	+1.8%	COM	552690109
APH	AMPHENOL CORP	146,862 (+1145.6%)	$18.56M (+1064.6%)	1.0%	$143.43	+2.1%	CL A	032095101
POR	PORTLAND GEN ELEC CO	2,690,996 (+1.4%)	$142M (+11.5%)	8.0%	$41.84	+20.9%	COM NEW	736508847
CHRD	CHORD ENERGY CORPORATION	260,133 (+5.3%)	$36.99M (+61.5%)	2.1%	$127.04	-23.0%	COM NEW	674215207
DTE	DTE ENERGY CO	511,367 (+8.5%)	$74.77M (+23.0%)	4.2%	$115.07	+18.9%	COM	233331107
EE	EXCELERATE ENERGY INC	528,015 (+175.1%)	$17.65M (+227.8%)	1.0%	$32.00	+12.7%	CL A COM	30069T101
AEP	AMERICAN ELEC PWR CO INC	326,416 (+17.5%)	$42.79M (+33.6%)	2.4%	$118.12	+2.0%	COM	025537101
BETA	BETA TECHNOLOGIES INC	1,898,559 (+209.8%)	$27.91M (+61.4%)	1.6%	$24.94	-9.4%	COM SHS CL A	086921103
F	FORD MTR CO	2,383,465 (+64.0%)	$27.51M (+44.3%)	1.6%	$13.19	+4.2%	COM	345370860
KMX	CARMAX INC	203,243 (+2512.7%)	$8.451M (+2711.5%)	0.5%	$44.70	+0.4%	COM	143130102
IFF	INTERNATIONAL FLAVORS&FRAGRA	229,582 (+50.4%)	$16.66M (+61.9%)	0.9%	$67.65	+9.5%	COM	459506101
IDR	IDAHO STRATEGIC RESOURCES	297,148 (+223.2%)	$9.544M (+157.6%)	0.5%	$40.55	+2.6%	COM NEW	645827205
BKH	BLACK HILLS CORP	108,500 (+334.0%)	$7.531M (+333.9%)	0.4%	$70.64	+1.8%	COM	092113109
ABG	ASBURY AUTOMOTIVE GROUP INC	66,766 (+95.9%)	$13.05M (+64.6%)	0.7%	$237.82	-0.6%	COM	043436104
FE	FIRSTENERGY CORP	384,504 (+14.9%)	$19.48M (+30.1%)	1.1%	$42.75	+10.1%	COM	337932107
RAL	RALLIANT CORP	274,314 (+94.0%)	$11.41M (+58.5%)	0.6%	$46.75	+5.2%	COM	750940108
ST	SENSATA TECHNOLOGIES HLDG PL	115,966 (+247.5%)	$4.084M (+267.7%)	0.2%	$34.70	+3.2%	SHS	G8060N102
NPWR	NET POWER INC	2,763,424 (+268.9%)	$4.311M (+152.4%)	0.2%	$3.14	-25.5%	COM CL A	64107A105
NXPI	NXP SEMICONDUCTORS N V	10,565 (+144.3%)	$2.08M (+121.6%)	0.1%	$220.77	+6.2%	COM	N6596X109
STLA	STELLANTIS N.V	1,107,184 (+38.8%)	$7.85M (-9.6%)	0.4%	$9.33	—	SHS	N82405106
NB	NIOCORP DEVS LTD	902,680 (+42.2%)	$4.026M (+19.6%)	0.2%	$4.84	+30.2%	COM NEW	654484609
AQN	ALGONQUIN POWER & UTILITIES	300,000 (+50.0%)	$1.842M (+49.8%)	0.1%	$6.13	+6.2%	COM	015857105
GNTX	GENTEX CORP	80,789 (+61.0%)	$1.765M (+51.2%)	0.1%	$24.08	-0.2%	COM	371901109
INVZ	INNOVIZ TECHNOLOGIES LTD	2,443,824 (+99.4%)	$1.546M (+47.8%)	0.1%	$0.94	+8.7%	SHS	M5R635108
HSAI	HESAI GROUP	44,896 (+112.1%)	$858K (+81.1%)	0.0%	$17.15	—	SPONSORED ADS	428050108
ALLY	ALLY FINL INC	21,517 (+3.1%)	$844K (-10.7%)	0.0%	$38.21	+11.8%	COM	02005N100
EVGO	EVGO INC	2,699,353 (+66.2%)	$4.643M (-1.8%)	0.3%	$3.44	-12.4%	CL A COM	30052F100
RACE	FERRARI N V	3,030 (+17.1%)	$1.026M (+7.3%)	0.1%	$461.21	-22.7%	COM	N3167Y103
TSLA	TESLA INC	5,602 (+25.1%)	$2.083M (+3.4%)	0.1%	$439.82	-3.1%	COM	88160R101

Exited Positions (40)

MGY MAGNOLIA OIL & GAS CORP 1.8%

Value $31.84M Shares 1,454,388 Est. Cost $22.88 Unrealized +8.4%

ES EVERSOURCE ENERGY 1.1%

Value $18.88M Shares 280,391 Est. Cost $69.55 Unrealized +0.8%

Q QNITY ELECTRONICS INC 1.0%

Value $17.75M Shares 217,384 Est. Cost $84.91 Unrealized +19.2%

OKE ONEOK INC NEW 0.6%

Value $10.55M Shares 143,546 Est. Cost $70.46 Unrealized +11.5%

FDX FEDEX CORP 0.6%

Value $9.828M Shares 34,025 Est. Cost $261.56 Unrealized +29.6%

CVX CHEVRON CORP NEW 0.5%

Value $9.136M Shares 59,944 Est. Cost $137.00 Unrealized +25.5%

UTL UNITIL CORP 0.5%

Value $8.827M Shares 182,218 Est. Cost $48.81 Unrealized +3.5%

KGS KODIAK GAS SVCS INC 0.5%

Value $8.644M Shares 231,116 Est. Cost $34.60 Unrealized +25.8%

ITRI ITRON INC 0.5%

Value $8.571M Shares 92,298 Est. Cost $108.94 Unrealized -9.4%

OC OWENS CORNING NEW 0.4%

Value $7.586M Shares 67,790 Est. Cost $123.48 Unrealized +1.8%

EMR EMERSON ELEC CO 0.4%

Value $6.812M Shares 51,325 Est. Cost $132.37 Unrealized +12.2%

GLNG GOLAR LNG LTD 0.4%

Value $6.585M Shares 176,977 Est. Cost $38.10 Unrealized +8.5%

OSK OSHKOSH CORP 0.3%

Value $5.821M Shares 46,336 Est. Cost $128.13 Unrealized +23.3%

WBI WATERBRIDGE INFRASTRUCTURE L 0.3%

Value $5.697M Shares 284,689 Est. Cost $23.25 Unrealized -2.6%

AR ANTERO RESOURCES CORP 0.3%

Value $5.607M Shares 162,709 Est. Cost $30.99 Unrealized +9.1%

PCAR PACCAR INC 0.3%

Value $5.559M Shares 50,758 Est. Cost $101.22 Unrealized +21.5%

CDE COEUR MNG INC 0.3%

Value $4.897M Shares 274,671 Est. Cost $17.39 Unrealized +28.4%

USAR USA RARE EARTH INC 0.2%

Value $4.39M Shares 368,918 Est. Cost $16.07 Unrealized +25.5%

WLK WESTLAKE CORPORATION 0.2%

Value $3.856M Shares 52,153 Est. Cost $108.96 Unrealized -18.1%

NVT NVENT ELECTRIC PLC 0.2%

Value $3.498M Shares 34,309 Est. Cost $103.61 Unrealized +8.4%

AES AES CORP 0.2%

Value $3.462M Shares 241,451 Est. Cost $14.03 Unrealized +7.9%

MTZ MASTEC INC 0.2%

Value $3.448M Shares 15,864 Est. Cost $209.86 Unrealized +19.2%

GEV GE VERNOVA INC 0.2%

Value $3.268M Shares 5,000 Est. Cost $609.04 Unrealized +21.0%

SOLS SOLSTICE ADVANCED MATLS INC 0.2%

Value $3.135M Shares 64,536 Est. Cost $47.08 Unrealized +38.5%

OLN OLIN CORP 0.2%

Value $3.049M Shares 146,381 Est. Cost $21.44 Unrealized +10.2%

NVDA NVIDIA CORPORATION 0.2%

Value $2.923M Shares 15,673 Est. Cost $126.08 Unrealized +48.0%

URG UR-ENERGY INC 0.2%

Value $2.871M Shares 2,065,501 Est. Cost $1.48 Unrealized +15.7%

MOD MODINE MFG CO 0.2%

Value $2.815M Shares 21,086 Est. Cost $148.95 Unrealized +18.5%

COPX GLOBAL X FDS 0.2%

Value $2.745M Shares 38,231 Est. Cost $71.79 Unrealized —

LB LANDBRIDGE COMPANY LLC 0.1%

Value $2.308M Shares 47,105 Est. Cost $62.72 Unrealized -7.7%

MBLY MOBILEYE GLOBAL INC 0.1%

Value $2.036M Shares 195,028 Est. Cost $14.38 Unrealized -31.1%

LYFT LYFT INC 0.1%

Value $1.872M Shares 96,631 Est. Cost $20.79 Unrealized -19.3%

RBA RB GLOBAL INC 0.1%

Value $909K Shares 8,838 Est. Cost $101.58 Unrealized +8.3%

WOLF WOLFSPEED INC 0.0%

Value $785K Shares 45,105 Est. Cost $25.35 Unrealized -27.9%

— USA RARE EARTH INC 0.0%

Value $743K Shares 2,250 Est. Cost — Unrealized —

PBR PETROLEO BRASILEIRO SA PETRO 0.0%

Value $542K Shares 45,725 Est. Cost $12.66 Unrealized —

— MP MATERIALS CORP 0.0%

Value $473K Shares 2,250 Est. Cost — Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.0%

Value $428K Shares 2,000 Est. Cost $110.59 Unrealized +100.5%

FRMI FERMI INC 0.0%

Value $363K Shares 45,413 Est. Cost $19.51 Unrealized -52.1%

MRVL MARVELL TECHNOLOGY INC 0.0%

Value $340K Shares 4,000 Est. Cost $87.46 Unrealized -7.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MGY	MAGNOLIA OIL & GAS CORP	1,454,388	$31.84M	1.8%	$22.88	+8.4%	—	559663109
ES	EVERSOURCE ENERGY	280,391	$18.88M	1.1%	$69.55	+0.8%	—	30040W108
Q	QNITY ELECTRONICS INC	217,384	$17.75M	1.0%	$84.91	+19.2%	—	74743L100
OKE	ONEOK INC NEW	143,546	$10.55M	0.6%	$70.46	+11.5%	—	682680103
FDX	FEDEX CORP	34,025	$9.828M	0.6%	$261.56	+29.6%	—	31428X106
CVX	CHEVRON CORP NEW	59,944	$9.136M	0.5%	$137.00	+25.5%	—	166764100
UTL	UNITIL CORP	182,218	$8.827M	0.5%	$48.81	+3.5%	—	913259107
KGS	KODIAK GAS SVCS INC	231,116	$8.644M	0.5%	$34.60	+25.8%	—	50012A108
ITRI	ITRON INC	92,298	$8.571M	0.5%	$108.94	-9.4%	—	465741106
OC	OWENS CORNING NEW	67,790	$7.586M	0.4%	$123.48	+1.8%	—	690742101
EMR	EMERSON ELEC CO	51,325	$6.812M	0.4%	$132.37	+12.2%	—	291011104
GLNG	GOLAR LNG LTD	176,977	$6.585M	0.4%	$38.10	+8.5%	—	G9456A100
OSK	OSHKOSH CORP	46,336	$5.821M	0.3%	$128.13	+23.3%	—	688239201
WBI	WATERBRIDGE INFRASTRUCTURE L	284,689	$5.697M	0.3%	$23.25	-2.6%	—	940923105
AR	ANTERO RESOURCES CORP	162,709	$5.607M	0.3%	$30.99	+9.1%	—	03674X106
PCAR	PACCAR INC	50,758	$5.559M	0.3%	$101.22	+21.5%	—	693718108
CDE	COEUR MNG INC	274,671	$4.897M	0.3%	$17.39	+28.4%	—	192108504
USAR	USA RARE EARTH INC	368,918	$4.39M	0.2%	$16.07	+25.5%	—	91733P107
WLK	WESTLAKE CORPORATION	52,153	$3.856M	0.2%	$108.96	-18.1%	—	960413102
NVT	NVENT ELECTRIC PLC	34,309	$3.498M	0.2%	$103.61	+8.4%	—	G6700G107
AES	AES CORP	241,451	$3.462M	0.2%	$14.03	+7.9%	—	00130H105
MTZ	MASTEC INC	15,864	$3.448M	0.2%	$209.86	+19.2%	—	576323109
GEV	GE VERNOVA INC	5,000	$3.268M	0.2%	$609.04	+21.0%	—	36828A101
SOLS	SOLSTICE ADVANCED MATLS INC	64,536	$3.135M	0.2%	$47.08	+38.5%	—	83443Q103
OLN	OLIN CORP	146,381	$3.049M	0.2%	$21.44	+10.2%	—	680665205
NVDA	NVIDIA CORPORATION	15,673	$2.923M	0.2%	$126.08	+48.0%	—	67066G104
URG	UR-ENERGY INC	2,065,501	$2.871M	0.2%	$1.48	+15.7%	—	91688R108
MOD	MODINE MFG CO	21,086	$2.815M	0.2%	$148.95	+18.5%	—	607828100
COPX	GLOBAL X FDS	38,231	$2.745M	0.2%	$71.79	—	—	37954Y830
LB	LANDBRIDGE COMPANY LLC	47,105	$2.308M	0.1%	$62.72	-7.7%	—	514952100
MBLY	MOBILEYE GLOBAL INC	195,028	$2.036M	0.1%	$14.38	-31.1%	—	60741F104
LYFT	LYFT INC	96,631	$1.872M	0.1%	$20.79	-19.3%	—	55087P104
RBA	RB GLOBAL INC	8,838	$909K	0.1%	$101.58	+8.3%	—	74935Q107
WOLF	WOLFSPEED INC	45,105	$785K	0.0%	$25.35	-27.9%	—	97785W106
—	USA RARE EARTH INC	2,250	$743K	0.0%	—	—	PUT	91733P957
PBR	PETROLEO BRASILEIRO SA PETRO	45,725	$542K	0.0%	$12.66	—	—	71654V408
—	MP MATERIALS CORP	2,250	$473K	0.0%	—	—	PUT	553368951
AMD	ADVANCED MICRO DEVICES INC	2,000	$428K	0.0%	$110.59	+100.5%	—	007903107
FRMI	FERMI INC	45,413	$363K	0.0%	$19.51	-52.1%	—	314911108
MRVL	MARVELL TECHNOLOGY INC	4,000	$340K	0.0%	$87.46	-7.3%	—	573874104

Decreased Positions (36)

EQT EQT CORP 0.0%

Value $581K (-98.7%) Shares 9,132 (-98.9%) Est. Cost $53.99 Unrealized +2.4%

XEL XCEL ENERGY INC 5.2%

Value $92.16M (-25.2%) Shares 1,160,099 (-30.5%) Est. Cost $68.67 Unrealized +12.4%

OVV OVINTIV INC 0.2%

Value $3.972M (-87.3%) Shares 66,912 (-91.6%) Est. Cost $38.77 Unrealized +12.7%

NI NISOURCE INC 2.3%

Value $40.94M (-31.0%) Shares 877,440 (-38.2%) Est. Cost $35.80 Unrealized +22.9%

PHIN PHINIA INC 0.1%

Value $1.553M (-89.7%) Shares 22,690 (-90.6%) Est. Cost $44.00 Unrealized +62.8%

SU SUNCOR ENERGY INC NEW 1.0%

Value $17.89M (-42.3%) Shares 270,665 (-61.3%) Est. Cost $41.06 Unrealized +26.2%

ETR ENTERGY CORP NEW 4.8%

Value $85.74M (-12.7%) Shares 763,078 (-28.2%) Est. Cost $75.22 Unrealized +29.4%

MP MP MATERIALS CORP 0.1%

Value $1.498M (-88.7%) Shares 31,034 (-88.2%) Est. Cost $42.85 Unrealized +44.1%

CRGY CRESCENT ENERGY COMPANY 0.7%

Value $11.82M (-47.4%) Shares 875,200 (-67.3%) Est. Cost $9.50 Unrealized -1.8%

AEE AMEREN CORP 2.6%

Value $46.42M (-16.7%) Shares 422,264 (-24.3%) Est. Cost $84.95 Unrealized +23.2%

NESR NATIONAL ENERGY SERVICES REU 0.4%

Value $6.299M (-56.3%) Shares 293,373 (-68.1%) Est. Cost $8.56 Unrealized +138.7%

CNP CENTERPOINT ENERGY INC 0.0%

Value $304K (-96.2%) Shares 7,033 (-96.6%) Est. Cost $31.17 Unrealized +28.3%

DINO HF SINCLAIR CORP 0.2%

Value $3.743M (-63.0%) Shares 60,000 (-72.7%) Est. Cost $42.59 Unrealized +21.8%

COP CONOCOPHILLIPS 0.2%

Value $3.279M (-63.4%) Shares 24,843 (-74.1%) Est. Cost $98.24 Unrealized +4.5%

TM TOYOTA MOTOR CORP 0.3%

Value $5.217M (-51.8%) Shares 25,315 (-50.0%) Est. Cost $194.74 Unrealized —

DAN DANA INC 0.5%

Value $8.771M (-35.3%) Shares 260,652 (-54.3%) Est. Cost $16.17 Unrealized +87.7%

STRL STERLING INFRASTRUCTURE INC 0.2%

Value $3.945M (-51.9%) Shares 9,686 (-63.8%) Est. Cost $344.54 Unrealized +9.3%

AREC AMERICAN RES CORP 0.1%

Value $1.782M (-69.0%) Shares 736,354 (-68.2%) Est. Cost $3.33 Unrealized +0.1%

GM GENERAL MTRS CO 0.6%

Value $10.92M (-26.4%) Shares 146,532 (-19.7%) Est. Cost $48.56 Unrealized +69.4%

EVRG EVERGY INC 2.2%

Value $39.39M (-7.3%) Shares 480,895 (-18.0%) Est. Cost $60.79 Unrealized +27.1%

BKV BKV CORP 1.4%

Value $24.4M (-10.2%) Shares 855,481 (-14.5%) Est. Cost $20.96 Unrealized +36.2%

GPI GROUP 1 AUTOMOTIVE INC 0.6%

Value $11.16M (-19.6%) Shares 33,745 (-4.3%) Est. Cost $424.03 Unrealized -13.3%

EVEX EVE HLDG INC 0.0%

Value $284K (-88.5%) Shares 114,513 (-81.5%) Est. Cost $4.40 Unrealized -13.0%

DCH DAUCH CORP 0.4%

Value $7.394M (-21.7%) Shares 1,246,828 (-15.3%) Est. Cost $5.29 Unrealized +45.8%

NSP INSPERITY INC 0.0%

Value $462K (-76.8%) Shares 17,091 (-66.8%) Est. Cost $53.41 Unrealized -29.7%

— VIPER ENERGY INC 1.7%

Value $29.51M (+5.2%) Shares 627,965 (-13.5%) Est. Cost $38.20 Unrealized —

TEL TE CONNECTIVITY PLC 0.1%

Value $2.171M (-32.2%) Shares 10,388 (-26.2%) Est. Cost $163.46 Unrealized +40.6%

ASPI ASP ISOTOPES INC 0.1%

Value $1.442M (-40.1%) Shares 326,227 (-27.5%) Est. Cost $7.95 Unrealized -19.0%

APTV APTIV PLC 0.0%

Value $519K (-59.4%) Shares 7,478 (-55.5%) Est. Cost $61.22 Unrealized +32.2%

WRD WERIDE INC 0.1%

Value $2.099M (-23.0%) Shares 259,409 (-17.4%) Est. Cost $8.68 Unrealized —

ADNT ADIENT PLC 2.0%

Value $36.31M (-1.6%) Shares 1,796,652 (-6.6%) Est. Cost $19.13 Unrealized +20.0%

ORLY OREILLY AUTOMOTIVE INC 0.0%

Value $306K (-56.1%) Shares 3,318 (-56.6%) Est. Cost $93.61 Unrealized +1.5%

BTE BAYTEX ENERGY CORP 0.6%

Value $10.41M (-2.8%) Shares 2,327,328 (-29.7%) Est. Cost $2.79 Unrealized +23.7%

LNT ALLIANT ENERGY CORP 1.8%

Value $32.26M (-0.9%) Shares 449,591 (-10.2%) Est. Cost $61.03 Unrealized +10.8%

AMPX AMPRIUS TECHNOLOGIES INC 0.0%

Value $595K (+30.5%) Shares 35,313 (-38.9%) Est. Cost $2.95 Unrealized +268.3%

SM SM ENERGY COMPANY 0.2%

Value $3.118M (-0.1%) Shares 100,000 (-40.1%) Est. Cost $34.54 Unrealized -42.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EQT	EQT CORP	9,132 (-98.9%)	$581K (-98.7%)	0.0%	$53.99	+2.4%	COM	26884L109
XEL	XCEL ENERGY INC	1,160,099 (-30.5%)	$92.16M (-25.2%)	5.2%	$68.67	+12.4%	COM	98389B100
OVV	OVINTIV INC	66,912 (-91.6%)	$3.972M (-87.3%)	0.2%	$38.77	+12.7%	COM	69047Q102
NI	NISOURCE INC	877,440 (-38.2%)	$40.94M (-31.0%)	2.3%	$35.80	+22.9%	COM	65473P105
PHIN	PHINIA INC	22,690 (-90.6%)	$1.553M (-89.7%)	0.1%	$44.00	+62.8%	COMMON STOCK	71880K101
SU	SUNCOR ENERGY INC NEW	270,665 (-61.3%)	$17.89M (-42.3%)	1.0%	$41.06	+26.2%	COM	867224107
ETR	ENTERGY CORP NEW	763,078 (-28.2%)	$85.74M (-12.7%)	4.8%	$75.22	+29.4%	COM	29364G103
MP	MP MATERIALS CORP	31,034 (-88.2%)	$1.498M (-88.7%)	0.1%	$42.85	+44.1%	COM CL A	553368101
CRGY	CRESCENT ENERGY COMPANY	875,200 (-67.3%)	$11.82M (-47.4%)	0.7%	$9.50	-1.8%	CL A COM	44952J104
AEE	AMEREN CORP	422,264 (-24.3%)	$46.42M (-16.7%)	2.6%	$84.95	+23.2%	COM	023608102
NESR	NATIONAL ENERGY SERVICES REU	293,373 (-68.1%)	$6.299M (-56.3%)	0.4%	$8.56	+138.7%	SHS	G6375R107
CNP	CENTERPOINT ENERGY INC	7,033 (-96.6%)	$304K (-96.2%)	0.0%	$31.17	+28.3%	COM	15189T107
DINO	HF SINCLAIR CORP	60,000 (-72.7%)	$3.743M (-63.0%)	0.2%	$42.59	+21.8%	COM	403949100
COP	CONOCOPHILLIPS	24,843 (-74.1%)	$3.279M (-63.4%)	0.2%	$98.24	+4.5%	COM	20825C104
TM	TOYOTA MOTOR CORP	25,315 (-50.0%)	$5.217M (-51.8%)	0.3%	$194.74	—	ADS	892331307
DAN	DANA INC	260,652 (-54.3%)	$8.771M (-35.3%)	0.5%	$16.17	+87.7%	COM	235825205
STRL	STERLING INFRASTRUCTURE INC	9,686 (-63.8%)	$3.945M (-51.9%)	0.2%	$344.54	+9.3%	COM	859241101
AREC	AMERICAN RES CORP	736,354 (-68.2%)	$1.782M (-69.0%)	0.1%	$3.33	+0.1%	CL A	02927U208
GM	GENERAL MTRS CO	146,532 (-19.7%)	$10.92M (-26.4%)	0.6%	$48.56	+69.4%	COM	37045V100
EVRG	EVERGY INC	480,895 (-18.0%)	$39.39M (-7.3%)	2.2%	$60.79	+27.1%	COM	30034W106
BKV	BKV CORP	855,481 (-14.5%)	$24.4M (-10.2%)	1.4%	$20.96	+36.2%	COM	05603J108
GPI	GROUP 1 AUTOMOTIVE INC	33,745 (-4.3%)	$11.16M (-19.6%)	0.6%	$424.03	-13.3%	COM	398905109
EVEX	EVE HLDG INC	114,513 (-81.5%)	$284K (-88.5%)	0.0%	$4.40	-13.0%	COM	29970N104
DCH	DAUCH CORP	1,246,828 (-15.3%)	$7.394M (-21.7%)	0.4%	$5.29	+45.8%	COM	024061103
NSP	INSPERITY INC	17,091 (-66.8%)	$462K (-76.8%)	0.0%	$53.41	-29.7%	COM	45778Q107
—	VIPER ENERGY INC	627,965 (-13.5%)	$29.51M (+5.2%)	1.7%	$38.20	—	CL A	927959106
TEL	TE CONNECTIVITY PLC	10,388 (-26.2%)	$2.171M (-32.2%)	0.1%	$163.46	+40.6%	ORD SHS	G87052109
ASPI	ASP ISOTOPES INC	326,227 (-27.5%)	$1.442M (-40.1%)	0.1%	$7.95	-19.0%	COM	00218A105
APTV	APTIV PLC	7,478 (-55.5%)	$519K (-59.4%)	0.0%	$61.22	+32.2%	COM SHS	G3265R107
WRD	WERIDE INC	259,409 (-17.4%)	$2.099M (-23.0%)	0.1%	$8.68	—	SPONSORED ADS	950915108
ADNT	ADIENT PLC	1,796,652 (-6.6%)	$36.31M (-1.6%)	2.0%	$19.13	+20.0%	ORD SHS	G0084W101
ORLY	OREILLY AUTOMOTIVE INC	3,318 (-56.6%)	$306K (-56.1%)	0.0%	$93.61	+1.5%	COM	67103H107
BTE	BAYTEX ENERGY CORP	2,327,328 (-29.7%)	$10.41M (-2.8%)	0.6%	$2.79	+23.7%	COM	07317Q105
LNT	ALLIANT ENERGY CORP	449,591 (-10.2%)	$32.26M (-0.9%)	1.8%	$61.03	+10.8%	COM	018802108
AMPX	AMPRIUS TECHNOLOGIES INC	35,313 (-38.9%)	$595K (+30.5%)	0.0%	$2.95	+268.3%	COMMON STOCK	03214Q108
SM	SM ENERGY COMPANY	100,000 (-40.1%)	$3.118M (-0.1%)	0.2%	$34.54	-42.4%	COM	78454L100

Unchanged Positions (12)

OKLO OKLO INC 0.3%

Value $5.14M Shares 103,643 Est. Cost $28.95 Unrealized +177.5%

AIRJW AIRJOULE TECHNOLOGIES CORP 0.2%

Value $3.421M Shares 6,108,275 Est. Cost $0.64 Unrealized —

PPL PPL CORP 0.9%

Value $15.06M Shares 394,351 Est. Cost $35.43 Unrealized +2.3%

TTI TETRA TECHNOLOGIES INC DEL 0.3%

Value $4.866M Shares 571,133 Est. Cost $4.27 Unrealized +158.3%

CRMT AMERICAS CAR-MART INC 0.0%

Value $394K Shares 30,987 Est. Cost $37.40 Unrealized -33.4%

SES SES AI CORPORATION 0.0%

Value $294K Shares 306,121 Est. Cost $0.92 Unrealized +117.3%

HYLN HYLIION HOLDINGS CORP 0.3%

Value $4.977M Shares 2,827,742 Est. Cost $1.88 Unrealized +8.9%

— RIVIAN AUTOMOTIVE INC 0.1%

Value $931K Shares 971,000 Est. Cost $0.87 Unrealized —

KRSP RICE ACQUISITION CORP 3 1.3%

Value $23.72M Shares 2,300,654 Est. Cost $10.36 Unrealized -0.0%

SPY STATE STR SPDR S&P 500 ETF T 0.1%

Value $1.951M Shares 3,000 Est. Cost $599.04 Unrealized —

ELVR ELEVRA LITHIUM LTD 0.0%

Value $717K Shares 12,168 Est. Cost $24.01 Unrealized —

KRSP/WS RICE ACQUISITION CORP 3 0.0%

Value $307K Shares 383,439 Est. Cost $0.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OKLO	OKLO INC	103,643	$5.14M	0.3%	$28.95	+177.5%	COM CL A	02156V109
AIRJW	AIRJOULE TECHNOLOGIES CORP	6,108,275	$3.421M	0.2%	$0.64	—	*W EXP 03/15/202	612160119
PPL	PPL CORP	394,351	$15.06M	0.9%	$35.43	+2.3%	COM	69351T106
TTI	TETRA TECHNOLOGIES INC DEL	571,133	$4.866M	0.3%	$4.27	+158.3%	COM	88162F105
CRMT	AMERICAS CAR-MART INC	30,987	$394K	0.0%	$37.40	-33.4%	COM	03062T105
SES	SES AI CORPORATION	306,121	$294K	0.0%	$0.92	+117.3%	CL A COM	78397Q109
HYLN	HYLIION HOLDINGS CORP	2,827,742	$4.977M	0.3%	$1.88	+8.9%	COMMON STOCK	449109107
—	RIVIAN AUTOMOTIVE INC	971,000	$931K	0.1%	$0.87	—	NOTE 3.625%10/1	76954AAD5
KRSP	RICE ACQUISITION CORP 3	2,300,654	$23.72M	1.3%	$10.36	-0.0%	ORD SHS CL A	G7553X106
SPY	STATE STR SPDR S&P 500 ETF T	3,000	$1.951M	0.1%	$599.04	—	TR UNIT	78462F103
ELVR	ELEVRA LITHIUM LTD	12,168	$717K	0.0%	$24.01	—	SPONSORED ADS	805700101
KRSP/WS	RICE ACQUISITION CORP 3	383,439	$307K	0.0%	$0.80	—	*W EXP 99/99/999	G7553X114