HITE Hedge Asset Management LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AEP	AMERICAN ELEC PWR CO INC	277,787	$32,032	2.0%	$117.70	0.0%	COM	025537101
OVV	OVINTIV INC	794,980	$31,155	2.0%	$38.77	0.0%	COM	69047Q102
KRSP	RICE ACQUISITION CORP 3	2,300,654	$23,582	1.5%	$10.36	0.0%	ORD SHS CL A	G7553X106
F	FORD MTR CO	1,452,916	$19,062	1.2%	$12.83	0.0%	COM	345370860
ES	EVERSOURCE ENERGY	280,391	$18,879	1.2%	$69.55	0.0%	COM	30040W108
Q	QNITY ELECTRONICS INC	217,384	$17,749	1.1%	$84.91	0.0%	COMMON STOCK	74743L100
BETA	BETA TECHNOLOGIES INC	612,868	$17,289	1.1%	$29.84	0.0%	COM SHS CL A	086921103
MDU	MDU RES GROUP INC	690,000	$13,469	0.9%	$19.57	0.0%	COM	552690109
BTE	BAYTEX ENERGY CORP	3,311,203	$10,710	0.7%	$2.79	0.0%	COM	07317Q105
OKE	ONEOK INC NEW	143,546	$10,551	0.7%	$70.46	0.0%	COM	682680103
IFF	INTERNATIONAL FLAVORS&FRAGRA	152,665	$10,288	0.7%	$64.40	0.0%	COM	459506101
FDX	FEDEX CORP	34,025	$9,828	0.6%	$261.56	0.0%	COM	31428X106
ITRI	ITRON INC	92,298	$8,571	0.5%	$108.94	0.0%	COM	465741106
STRL	STERLING INFRASTRUCTURE INC	26,755	$8,193	0.5%	$344.54	0.0%	COM	859241101
EMR	EMERSON ELEC CO	51,325	$6,812	0.4%	$132.37	0.0%	COM	291011104
GLNG	GOLAR LNG LTD	176,977	$6,585	0.4%	$38.10	0.0%	SHS	G9456A100
AREC	AMERICAN RES CORP	2,318,401	$5,750	0.4%	$3.33	0.0%	CL A	02927U208
PCAR	PACCAR INC	50,758	$5,559	0.4%	$101.22	0.0%	COM	693718108
CDE	COEUR MNG INC	274,671	$4,897	0.3%	$17.39	0.0%	COM NEW	192108504
IDR	IDAHO STRATEGIC RESOURCES	91,930	$3,705	0.2%	$38.21	0.0%	COM NEW	645827205
EXE	EXPAND ENERGY CORPORATION	33,056	$3,648	0.2%	$110.64	0.0%	COM	165167735
NVT	NVENT ELECTRIC PLC	34,309	$3,498	0.2%	$103.61	0.0%	SHS	G6700G107
AES	AES CORP	241,451	$3,462	0.2%	$14.03	0.0%	COM	00130H105
MTZ	MASTEC INC	15,864	$3,448	0.2%	$209.86	0.0%	COM	576323109
GEV	GE VERNOVA INC	5,000	$3,268	0.2%	$609.04	0.0%	COM	36828A101
SOLS	SOLSTICE ADVANCED MATLS INC	64,536	$3,135	0.2%	$47.08	0.0%	COM SHS	83443Q103
OLN	OLIN CORP	146,381	$3,049	0.2%	$21.44	0.0%	COM PAR $1	680665205
URG	UR-ENERGY INC	2,065,501	$2,871	0.2%	$1.48	0.0%	COM	91688R108
MOD	MODINE MFG CO	21,086	$2,815	0.2%	$148.95	0.0%	COM	607828100
COPX	GLOBAL X FDS	38,231	$2,745	0.2%	$71.79	—	GLOBAL X COPPER	37954Y830
WRD	WERIDE INC	313,879	$2,724	0.2%	$8.68	—	SPONSORED ADS	950915108
EVEX	EVE HLDG INC	619,277	$2,471	0.2%	$4.40	0.0%	COM	29970N104
ASPI	ASP ISOTOPES INC	449,883	$2,407	0.2%	$7.95	0.0%	COM	00218A105
TSLA	TESLA INC	4,479	$2,014	0.1%	$443.29	0.0%	COM	88160R101
LYFT	LYFT INC	96,631	$1,872	0.1%	$20.79	0.0%	CL A COM	55087P104
BKH	BLACK HILLS CORP	25,000	$1,736	0.1%	$66.47	0.0%	COM	092113109
AQN	ALGONQUIN PWR UTILS CORP	200,000	$1,230	0.1%	$5.94	0.0%	COM	015857105
GNTX	GENTEX CORP	50,186	$1,168	0.1%	$24.11	0.0%	COM	371901109
ST	SENSATA TECHNOLOGIES HLDG PL	33,367	$1,111	0.1%	$31.98	0.0%	SHS	G8060N102
RBA	RB GLOBAL INC	8,838	$909	0.1%	$101.58	0.0%	COM	74935Q107
—	USA RARE EARTH INC	2,250	$743	0.0%	—	—	PUT	91733P957
—	MP MATERIALS CORP	2,250	$473	0.0%	—	—	PUT	553368951
FRMI	FERMI INC	45,413	$363	0.0%	$19.51	0.0%	COM	314911108
MRVL	MARVELL TECHNOLOGY INC	4,000	$340	0.0%	$87.46	0.0%	COM	573874104
KRSP/WS	RICE ACQUISITION CORP 3	383,439	$307	0.0%	$0.80	—	*W EXP 99/99/999	G7553X114
KMX	CARMAX INC	7,779	$301	0.0%	$39.99	0.0%	COM	143130102

Increased Positions (26)

POR PORTLAND GEN ELEC CO 8.1%

Value ($000) $127,402 (+39.3%) Shares 2,654,761 (+27.7%) Est. Cost $41.72 Unrealized +12.1%

EQT EQT CORP 2.8%

Value ($000) $44,248 (+234.6%) Shares 825,515 (+239.8%) Est. Cost $53.99 Unrealized +4.0%

XEL XCEL ENERGY INC 7.9%

Value ($000) $123,253 (+30.7%) Shares 1,668,743 (+42.7%) Est. Cost $68.67 Unrealized +14.0%

MGY MAGNOLIA OIL & GAS CORP 2.0%

Value ($000) $31,837 (+598.4%) Shares 1,454,388 (+661.5%) Est. Cost $22.88 Unrealized -0.6%

SU SUNCOR ENERGY INC NEW 2.0%

Value ($000) $30,993 (+89.6%) Shares 698,673 (+78.7%) Est. Cost $41.06 Unrealized +2.9%

TBN TAMBORAN RES CORP 3.5%

Value ($000) $55,457 (+16.6%) Shares 2,036,603 (+17.2%) Est. Cost $22.25 Unrealized +14.3%

NESR NATIONAL ENERGY SERVICES REU 0.9%

Value ($000) $14,398 (+119.3%) Shares 919,381 (+43.7%) Est. Cost $8.56 Unrealized +53.3%

BKV BKV CORP 1.7%

Value ($000) $27,173 (+30.9%) Shares 1,000,839 (+11.5%) Est. Cost $20.96 Unrealized +19.8%

DAN DANA INC 0.9%

Value ($000) $13,558 (+85.2%) Shares 570,607 (+56.2%) Est. Cost $16.17 Unrealized +30.6%

OSK OSHKOSH CORP 0.4%

Value ($000) $5,821 (+1513.9%) Shares 46,336 (+1566.2%) Est. Cost $128.13 Unrealized -0.2%

LNT ALLIANT ENERGY CORP 2.1%

Value ($000) $32,543 (+17.9%) Shares 500,591 (+22.2%) Est. Cost $61.03 Unrealized +9.5%

OC OWENS CORNING NEW 0.5%

Value ($000) $7,586 (+168.1%) Shares 67,790 (+238.9%) Est. Cost $123.48 Unrealized -5.0%

ABG ASBURY AUTOMOTIVE GROUP INC 0.5%

Value ($000) $7,925 (+131.3%) Shares 34,082 (+143.2%) Est. Cost $239.16 Unrealized -1.1%

STLA STELLANTIS N.V 0.6%

Value ($000) $8,684 (+101.6%) Shares 797,453 (+72.9%) Est. Cost $10.20 Unrealized —

WBI WATERBRIDGE INFRASTRUCTURE L 0.4%

Value ($000) $5,697 (+281.9%) Shares 284,689 (+381.3%) Est. Cost $23.25 Unrealized -0.2%

MP MP MATERIALS CORP 0.8%

Value ($000) $13,292 (-18.2%) Shares 263,099 (+8.6%) Est. Cost $42.85 Unrealized +48.0%

HYLN HYLIION HOLDINGS CORP 0.3%

Value ($000) $5,203 (+107.3%) Shares 2,827,742 (+121.9%) Est. Cost $1.88 Unrealized +6.9%

LB LANDBRIDGE COMPANY LLC 0.1%

Value ($000) $2,308 (+153.2%) Shares 47,105 (+175.8%) Est. Cost $62.72 Unrealized -7.3%

EE EXCELERATE ENERGY INC 0.3%

Value ($000) $5,384 (+12.6%) Shares 191,930 (+1.1%) Est. Cost $24.87 Unrealized +8.6%

TEL TE CONNECTIVITY PLC 0.2%

Value ($000) $3,201 (+22.8%) Shares 14,068 (+18.5%) Est. Cost $163.46 Unrealized +41.5%

UTL UNITIL CORP 0.6%

Value ($000) $8,827 (+5.9%) Shares 182,218 (+4.6%) Est. Cost $48.81 Unrealized -0.3%

DINO HF SINCLAIR CORP 0.6%

Value ($000) $10,122 (+4.7%) Shares 219,672 (+19.0%) Est. Cost $42.59 Unrealized +20.4%

CRMT AMERICAS CAR-MART INC 0.0%

Value ($000) $783 (+133.7%) Shares 30,987 (+170.3%) Est. Cost $37.40 Unrealized -35.7%

USAR USA RARE EARTH INC 0.3%

Value ($000) $4,390 (+10.5%) Shares 368,918 (+59.6%) Est. Cost $16.07 Unrealized +18.5%

ALLY ALLY FINL INC 0.1%

Value ($000) $945 (+48.0%) Shares 20,869 (+28.1%) Est. Cost $38.07 Unrealized +7.2%

MBLY MOBILEYE GLOBAL INC 0.1%

Value ($000) $2,036 (-7.0%) Shares 195,028 (+25.7%) Est. Cost $14.38 Unrealized -13.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
POR	PORTLAND GEN ELEC CO	2,654,761 (+27.7%)	$127,402 (+39.3%)	8.1%	$41.72	+12.1%	COM NEW	736508847
EQT	EQT CORP	825,515 (+239.8%)	$44,248 (+234.6%)	2.8%	$53.99	+4.0%	COM	26884L109
XEL	XCEL ENERGY INC	1,668,743 (+42.7%)	$123,253 (+30.7%)	7.9%	$68.67	+14.0%	COM	98389B100
MGY	MAGNOLIA OIL & GAS CORP	1,454,388 (+661.5%)	$31,837 (+598.4%)	2.0%	$22.88	-0.6%	CL A	559663109
SU	SUNCOR ENERGY INC NEW	698,673 (+78.7%)	$30,993 (+89.6%)	2.0%	$41.06	+2.9%	COM	867224107
TBN	TAMBORAN RES CORP	2,036,603 (+17.2%)	$55,457 (+16.6%)	3.5%	$22.25	+14.3%	COM	87507T101
NESR	NATIONAL ENERGY SERVICES REU	919,381 (+43.7%)	$14,398 (+119.3%)	0.9%	$8.56	+53.3%	SHS	G6375R107
BKV	BKV CORP	1,000,839 (+11.5%)	$27,173 (+30.9%)	1.7%	$20.96	+19.8%	COM	05603J108
DAN	DANA INC	570,607 (+56.2%)	$13,558 (+85.2%)	0.9%	$16.17	+30.6%	COM	235825205
OSK	OSHKOSH CORP	46,336 (+1566.2%)	$5,821 (+1513.9%)	0.4%	$128.13	-0.2%	COM	688239201
LNT	ALLIANT ENERGY CORP	500,591 (+22.2%)	$32,543 (+17.9%)	2.1%	$61.03	+9.5%	COM	018802108
OC	OWENS CORNING NEW	67,790 (+238.9%)	$7,586 (+168.1%)	0.5%	$123.48	-5.0%	COM	690742101
ABG	ASBURY AUTOMOTIVE GROUP INC	34,082 (+143.2%)	$7,925 (+131.3%)	0.5%	$239.16	-1.1%	COM	043436104
STLA	STELLANTIS N.V	797,453 (+72.9%)	$8,684 (+101.6%)	0.6%	$10.20	—	SHS	N82405106
WBI	WATERBRIDGE INFRASTRUCTURE L	284,689 (+381.3%)	$5,697 (+281.9%)	0.4%	$23.25	-0.2%	CL A SHS REPSTG	940923105
MP	MP MATERIALS CORP	263,099 (+8.6%)	$13,292 (-18.2%)	0.8%	$42.85	+48.0%	COM CL A	553368101
HYLN	HYLIION HOLDINGS CORP	2,827,742 (+121.9%)	$5,203 (+107.3%)	0.3%	$1.88	+6.9%	COMMON STOCK	449109107
LB	LANDBRIDGE COMPANY LLC	47,105 (+175.8%)	$2,308 (+153.2%)	0.1%	$62.72	-7.3%	CL A	514952100
EE	EXCELERATE ENERGY INC	191,930 (+1.1%)	$5,384 (+12.6%)	0.3%	$24.87	+8.6%	CL A COM	30069T101
TEL	TE CONNECTIVITY PLC	14,068 (+18.5%)	$3,201 (+22.8%)	0.2%	$163.46	+41.5%	ORD SHS	G87052109
UTL	UNITIL CORP	182,218 (+4.6%)	$8,827 (+5.9%)	0.6%	$48.81	-0.3%	COM	913259107
DINO	HF SINCLAIR CORP	219,672 (+19.0%)	$10,122 (+4.7%)	0.6%	$42.59	+20.4%	COM	403949100
CRMT	AMERICAS CAR-MART INC	30,987 (+170.3%)	$783 (+133.7%)	0.0%	$37.40	-35.7%	COM	03062T105
USAR	USA RARE EARTH INC	368,918 (+59.6%)	$4,390 (+10.5%)	0.3%	$16.07	+18.5%	COM	91733P107
ALLY	ALLY FINL INC	20,869 (+28.1%)	$945 (+48.0%)	0.1%	$38.07	+7.2%	COM	02005N100
MBLY	MOBILEYE GLOBAL INC	195,028 (+25.7%)	$2,036 (-7.0%)	0.1%	$14.38	-13.2%	COMMON CLASS A	60741F104

Exited Positions (40)

LAD LITHIA MTRS INC 2.6%

Value ($000) $41,173 Shares 130,295 Est. Cost $304.37 Unrealized +4.3%

KEX KIRBY CORP 1.5%

Value ($000) $22,811 Shares 273,348 Est. Cost $103.39 Unrealized -1.7%

AROC ARCHROCK INC 1.3%

Value ($000) $19,603 Shares 745,087 Est. Cost $23.67 Unrealized +4.0%

FANG DIAMONDBACK ENERGY INC 0.9%

Value ($000) $13,364 Shares 93,388 Est. Cost $156.61 Unrealized -6.1%

VST VISTRA CORP 0.7%

Value ($000) $11,750 Shares 59,972 Est. Cost $197.68 Unrealized -8.0%

ESI ELEMENT SOLUTIONS INC 0.7%

Value ($000) $11,112 Shares 441,496 Est. Cost $20.78 Unrealized +24.7%

PPG PPG INDS INC 0.7%

Value ($000) $10,836 Shares 103,091 Est. Cost $106.88 Unrealized -6.3%

LIN LINDE PLC 0.6%

Value ($000) $9,335 Shares 19,653 Est. Cost $470.63 Unrealized -9.2%

CAT CATERPILLAR INC 0.6%

Value ($000) $8,742 Shares 18,322 Est. Cost $345.63 Unrealized +60.7%

PAG PENSKE AUTOMOTIVE GRP INC 0.5%

Value ($000) $8,550 Shares 49,166 Est. Cost $166.74 Unrealized -1.4%

AXTA AXALTA COATING SYS LTD 0.5%

Value ($000) $7,931 Shares 277,129 Est. Cost $30.10 Unrealized -2.5%

XYL XYLEM INC 0.5%

Value ($000) $7,857 Shares 53,271 Est. Cost $120.19 Unrealized +19.5%

ALV AUTOLIV INC 0.5%

Value ($000) $7,074 Shares 57,277 Est. Cost $115.95 Unrealized +3.0%

PR PERMIAN RESOURCES CORP 0.5%

Value ($000) $7,057 Shares 551,295 Est. Cost $13.71 Unrealized -2.1%

HII HUNTINGTON INGALLS INDS INC 0.4%

Value ($000) $6,879 Shares 23,892 Est. Cost $220.44 Unrealized +40.4%

ROK ROCKWELL AUTOMATION INC 0.3%

Value ($000) $5,110 Shares 14,620 Est. Cost $282.18 Unrealized +33.0%

VC VISTEON CORP 0.3%

Value ($000) $5,034 Shares 42,001 Est. Cost $117.24 Unrealized -9.8%

MOS MOSAIC CO NEW 0.3%

Value ($000) $5,010 Shares 144,460 Est. Cost $26.41 Unrealized +1.3%

OTIS OTIS WORLDWIDE CORP 0.3%

Value ($000) $4,967 Shares 54,321 Est. Cost $90.13 Unrealized -1.0%

ITW ILLINOIS TOOL WKS INC 0.3%

Value ($000) $4,937 Shares 18,935 Est. Cost $257.33 Unrealized -3.8%

KNTK KINETIK HOLDINGS INC 0.3%

Value ($000) $4,917 Shares 115,054 Est. Cost $53.52 Unrealized -32.5%

DK DELEK US HLDGS INC NEW 0.3%

Value ($000) $4,899 Shares 151,807 Est. Cost $16.40 Unrealized +117.2%

DD DUPONT DE NEMOURS INC 0.3%

Value ($000) $4,674 Shares 60,000 Est. Cost $31.14 Unrealized +20.0%

GWW GRAINGER W W INC 0.3%

Value ($000) $4,641 Shares 4,870 Est. Cost $1000.75 Unrealized -3.2%

INR INFINITY NAT RES INC 0.3%

Value ($000) $4,424 Shares 337,448 Est. Cost $16.02 Unrealized -18.2%

GLD SPDR GOLD TR 0.3%

Value ($000) $4,142 Shares 11,651 Est. Cost $355.47 Unrealized —

CPER UNITED STS COMMODITY INDEX F 0.2%

Value ($000) $3,900 Shares 130,000 Est. Cost $30.00 Unrealized —

LAC LITHIUM AMERS CORP NEW 0.1%

Value ($000) $2,012 Shares 352,330 Est. Cost $3.10 Unrealized +86.4%

VLO VALERO ENERGY CORP 0.1%

Value ($000) $1,956 Shares 11,490 Est. Cost $135.92 Unrealized +24.2%

ON ON SEMICONDUCTOR CORP 0.1%

Value ($000) $1,907 Shares 38,667 Est. Cost $52.63 Unrealized -2.5%

CVNA CARVANA CO 0.1%

Value ($000) $1,751 Shares 4,641 Est. Cost $221.24 Unrealized +68.0%

IMSR HCM II ACQUISITION CORP 0.1%

Value ($000) $1,679 Shares 102,338 Est. Cost $11.89 Unrealized +12.4%

RIVN RIVIAN AUTOMOTIVE INC 0.1%

Value ($000) $1,273 Shares 86,685 Est. Cost $12.23 Unrealized +29.8%

— OKLO INC 0.1%

Value ($000) $977 Shares 450 Est. Cost — Unrealized —

ASTL ALGOMA STL GROUP INC 0.0%

Value ($000) $763 Shares 214,556 Est. Cost $7.11 Unrealized -43.9%

MU MICRON TECHNOLOGY INC 0.0%

Value ($000) $671 Shares 4,008 Est. Cost $93.22 Unrealized +146.0%

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.0%

Value ($000) $582 Shares 4,000 Est. Cost $122.39 Unrealized +25.7%

— ZEEKR INTELLIGENT TECHNOLOGY 0.0%

Value ($000) $491 Shares 16,125 Est. Cost $20.03 Unrealized —

QS QUANTUMSCAPE CORP 0.0%

Value ($000) $463 Shares 37,554 Est. Cost $4.23 Unrealized +226.2%

LCID LUCID GROUP INC 0.0%

Value ($000) $212 Shares 8,901 Est. Cost $22.60 Unrealized -29.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LAD	LITHIA MTRS INC	130,295	$41,173	2.6%	$304.37	+4.3%	—	536797103
KEX	KIRBY CORP	273,348	$22,811	1.5%	$103.39	-1.7%	—	497266106
AROC	ARCHROCK INC	745,087	$19,603	1.3%	$23.67	+4.0%	—	03957W106
FANG	DIAMONDBACK ENERGY INC	93,388	$13,364	0.9%	$156.61	-6.1%	—	25278X109
VST	VISTRA CORP	59,972	$11,750	0.7%	$197.68	-8.0%	—	92840M102
ESI	ELEMENT SOLUTIONS INC	441,496	$11,112	0.7%	$20.78	+24.7%	—	28618M106
PPG	PPG INDS INC	103,091	$10,836	0.7%	$106.88	-6.3%	—	693506107
LIN	LINDE PLC	19,653	$9,335	0.6%	$470.63	-9.2%	—	G54950103
CAT	CATERPILLAR INC	18,322	$8,742	0.6%	$345.63	+60.7%	—	149123101
PAG	PENSKE AUTOMOTIVE GRP INC	49,166	$8,550	0.5%	$166.74	-1.4%	—	70959W103
AXTA	AXALTA COATING SYS LTD	277,129	$7,931	0.5%	$30.10	-2.5%	—	G0750C108
XYL	XYLEM INC	53,271	$7,857	0.5%	$120.19	+19.5%	—	98419M100
ALV	AUTOLIV INC	57,277	$7,074	0.5%	$115.95	+3.0%	—	052800109
PR	PERMIAN RESOURCES CORP	551,295	$7,057	0.5%	$13.71	-2.1%	—	71424F105
HII	HUNTINGTON INGALLS INDS INC	23,892	$6,879	0.4%	$220.44	+40.4%	—	446413106
ROK	ROCKWELL AUTOMATION INC	14,620	$5,110	0.3%	$282.18	+33.0%	—	773903109
VC	VISTEON CORP	42,001	$5,034	0.3%	$117.24	-9.8%	—	92839U206
MOS	MOSAIC CO NEW	144,460	$5,010	0.3%	$26.41	+1.3%	—	61945C103
OTIS	OTIS WORLDWIDE CORP	54,321	$4,967	0.3%	$90.13	-1.0%	—	68902V107
ITW	ILLINOIS TOOL WKS INC	18,935	$4,937	0.3%	$257.33	-3.8%	—	452308109
KNTK	KINETIK HOLDINGS INC	115,054	$4,917	0.3%	$53.52	-32.5%	—	02215L209
DK	DELEK US HLDGS INC NEW	151,807	$4,899	0.3%	$16.40	+117.2%	—	24665A103
DD	DUPONT DE NEMOURS INC	60,000	$4,674	0.3%	$31.14	+20.0%	—	26614N102
GWW	GRAINGER W W INC	4,870	$4,641	0.3%	$1000.75	-3.2%	—	384802104
INR	INFINITY NAT RES INC	337,448	$4,424	0.3%	$16.02	-18.2%	—	456941103
GLD	SPDR GOLD TR	11,651	$4,142	0.3%	$355.47	—	—	78463V107
CPER	UNITED STS COMMODITY INDEX F	130,000	$3,900	0.2%	$30.00	—	—	911718104
LAC	LITHIUM AMERS CORP NEW	352,330	$2,012	0.1%	$3.10	+86.4%	—	53681J103
VLO	VALERO ENERGY CORP	11,490	$1,956	0.1%	$135.92	+24.2%	—	91913Y100
ON	ON SEMICONDUCTOR CORP	38,667	$1,907	0.1%	$52.63	-2.5%	—	682189105
CVNA	CARVANA CO	4,641	$1,751	0.1%	$221.24	+68.0%	—	146869102
IMSR	HCM II ACQUISITION CORP	102,338	$1,679	0.1%	$11.89	+12.4%	—	G43658106
RIVN	RIVIAN AUTOMOTIVE INC	86,685	$1,273	0.1%	$12.23	+29.8%	—	76954A103
—	OKLO INC	450	$977	0.1%	—	—	PUT	02156V959
ASTL	ALGOMA STL GROUP INC	214,556	$763	0.0%	$7.11	-43.9%	—	015658107
MU	MICRON TECHNOLOGY INC	4,008	$671	0.0%	$93.22	+146.0%	—	595112103
CRDO	CREDO TECHNOLOGY GROUP HOLDI	4,000	$582	0.0%	$122.39	+25.7%	—	G25457105
—	ZEEKR INTELLIGENT TECHNOLOGY	16,125	$491	0.0%	$20.03	—	—	98923K103
QS	QUANTUMSCAPE CORP	37,554	$463	0.0%	$4.23	+226.2%	—	74767V109
LCID	LUCID GROUP INC	8,901	$212	0.0%	$22.60	-29.3%	—	549498202

Decreased Positions (42)

DTE DTE ENERGY CO 3.9%

Value ($000) $60,797 (-52.5%) Shares 471,367 (-47.9%) Est. Cost $113.23 Unrealized +19.1%

CNP CENTERPOINT ENERGY INC 0.5%

Value ($000) $7,938 (-87.6%) Shares 207,033 (-87.4%) Est. Cost $31.17 Unrealized +24.7%

COP CONOCOPHILLIPS 0.6%

Value ($000) $8,965 (-83.2%) Shares 95,770 (-83.0%) Est. Cost $98.24 Unrealized -8.4%

GPOR GULFPORT ENERGY CORP 0.4%

Value ($000) $6,027 (-86.7%) Shares 28,977 (-88.4%) Est. Cost $179.62 Unrealized +11.0%

— VIPER ENERGY INC 1.8%

Value ($000) $28,051 (-55.8%) Shares 726,136 (-56.3%) Est. Cost $38.20 Unrealized —

CHRD CHORD ENERGY CORPORATION 1.5%

Value ($000) $22,901 (-59.9%) Shares 247,048 (-57.1%) Est. Cost $128.59 Unrealized -28.5%

PPL PPL CORP 0.9%

Value ($000) $13,810 (-64.8%) Shares 394,351 (-62.7%) Est. Cost $35.43 Unrealized +1.1%

CTRA COTERRA ENERGY INC 2.0%

Value ($000) $31,685 (-43.3%) Shares 1,203,829 (-49.1%) Est. Cost $24.01 Unrealized +4.5%

APTV APTIV PLC 0.1%

Value ($000) $1,278 (-94.6%) Shares 16,797 (-93.9%) Est. Cost $61.22 Unrealized +31.1%

AR ANTERO RESOURCES CORP 0.4%

Value ($000) $5,607 (-77.9%) Shares 162,709 (-78.5%) Est. Cost $30.99 Unrealized +9.3%

AEE AMEREN CORP 3.6%

Value ($000) $55,692 (-25.3%) Shares 557,700 (-22.0%) Est. Cost $84.95 Unrealized +20.0%

EVRG EVERGY INC 2.7%

Value ($000) $42,493 (-27.1%) Shares 586,192 (-23.6%) Est. Cost $60.79 Unrealized +24.1%

NI NISOURCE INC 3.8%

Value ($000) $59,334 (-17.7%) Shares 1,420,828 (-14.7%) Est. Cost $35.80 Unrealized +19.0%

TM TOYOTA MOTOR CORP 0.7%

Value ($000) $10,833 (-50.1%) Shares 50,609 (-55.5%) Est. Cost $194.74 Unrealized —

ADNT ADIENT PLC 2.4%

Value ($000) $36,885 (-22.7%) Shares 1,924,117 (-2.9%) Est. Cost $19.13 Unrealized +10.0%

EVGO EVGO INC 0.3%

Value ($000) $4,727 (-66.1%) Shares 1,624,427 (-44.9%) Est. Cost $3.72 Unrealized -2.2%

OKLO OKLO INC 0.5%

Value ($000) $7,437 (-55.2%) Shares 103,643 (-30.3%) Est. Cost $28.95 Unrealized +285.2%

GM GENERAL MTRS CO 0.9%

Value ($000) $14,838 (-36.2%) Shares 182,460 (-52.2%) Est. Cost $48.56 Unrealized +45.0%

NXPI NXP SEMICONDUCTORS N V 0.1%

Value ($000) $939 (-89.1%) Shares 4,324 (-88.5%) Est. Cost $201.08 Unrealized +6.3%

NB NIOCORP DEVS LTD 0.2%

Value ($000) $3,365 (-65.6%) Shares 634,906 (-56.6%) Est. Cost $4.22 Unrealized +63.0%

CRGY CRESCENT ENERGY COMPANY 1.4%

Value ($000) $22,470 (-20.2%) Shares 2,678,232 (-15.1%) Est. Cost $9.50 Unrealized -8.1%

DCH AMERICAN AXLE & MFG HLDGS IN 0.6%

Value ($000) $9,440 (-36.6%) Shares 1,472,714 (-40.6%) Est. Cost $5.29 Unrealized +17.6%

ORLY OREILLY AUTOMOTIVE INC 0.0%

Value ($000) $698 (-86.8%) Shares 7,653 (-84.4%) Est. Cost $93.61 Unrealized +4.4%

WLK WESTLAKE CORPORATION 0.2%

Value ($000) $3,856 (-50.0%) Shares 52,153 (-47.8%) Est. Cost $108.96 Unrealized -35.0%

ETR ENTERGY CORP NEW 6.3%

Value ($000) $98,241 (-3.5%) Shares 1,062,870 (-2.7%) Est. Cost $75.22 Unrealized +25.7%

RAL RALLIANT CORP 0.5%

Value ($000) $7,198 (-30.6%) Shares 141,390 (-40.4%) Est. Cost $44.46 Unrealized +5.4%

RACE FERRARI N V 0.1%

Value ($000) $956 (-75.3%) Shares 2,587 (-67.5%) Est. Cost $479.13 Unrealized -16.5%

NSP INSPERITY INC 0.1%

Value ($000) $1,992 (-56.9%) Shares 51,451 (-45.2%) Est. Cost $53.41 Unrealized -26.2%

GPI GROUP 1 AUTOMOTIVE INC 0.9%

Value ($000) $13,869 (-15.1%) Shares 35,263 (-5.5%) Est. Cost $424.03 Unrealized -3.2%

CVX CHEVRON CORP NEW 0.6%

Value ($000) $9,136 (-17.4%) Shares 59,944 (-15.8%) Est. Cost $137.00 Unrealized +10.5%

INVZ INNOVIZ TECHNOLOGIES LTD 0.1%

Value ($000) $1,046 (-60.8%) Shares 1,225,704 (-6.3%) Est. Cost $0.86 Unrealized +84.1%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value ($000) $428 (-78.8%) Shares 2,000 (-84.0%) Est. Cost $110.59 Unrealized +103.1%

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $2,923 (-34.8%) Shares 15,673 (-34.8%) Est. Cost $126.08 Unrealized +47.6%

KGS KODIAK GAS SVCS INC 0.6%

Value ($000) $8,644 (-13.8%) Shares 231,116 (-14.8%) Est. Cost $34.60 Unrealized +2.2%

NPWR NET POWER INC 0.1%

Value ($000) $1,708 (-41.9%) Shares 749,091 (-23.3%) Est. Cost $5.29 Unrealized -40.9%

HSAI HESAI GROUP 0.0%

Value ($000) $474 (-69.9%) Shares 21,163 (-62.3%) Est. Cost $14.93 Unrealized —

WOLF WOLFSPEED INC 0.1%

Value ($000) $785 (-55.9%) Shares 45,105 (-27.6%) Est. Cost $25.35 Unrealized -9.5%

PHIN PHINIA INC 1.0%

Value ($000) $15,116 (-5.2%) Shares 241,116 (-13.1%) Est. Cost $44.00 Unrealized +25.3%

PBR PETROLEO BRASILEIRO SA PETRO 0.0%

Value ($000) $542 (-55.0%) Shares 45,725 (-51.9%) Est. Cost $12.66 Unrealized —

FE FIRSTENERGY CORP 1.0%

Value ($000) $14,976 (-3.7%) Shares 334,504 (-1.4%) Est. Cost $42.11 Unrealized +8.6%

TTI TETRA TECHNOLOGIES INC DEL 0.3%

Value ($000) $5,352 (+10.7%) Shares 571,133 (-32.1%) Est. Cost $4.27 Unrealized +80.7%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $1,593 (+4.0%) Shares 11,790 (-4.8%) Est. Cost $109.40 Unrealized +22.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DTE	DTE ENERGY CO	471,367 (-47.9%)	$60,797 (-52.5%)	3.9%	$113.23	+19.1%	COM	233331107
CNP	CENTERPOINT ENERGY INC	207,033 (-87.4%)	$7,938 (-87.6%)	0.5%	$31.17	+24.7%	COM	15189T107
COP	CONOCOPHILLIPS	95,770 (-83.0%)	$8,965 (-83.2%)	0.6%	$98.24	-8.4%	COM	20825C104
GPOR	GULFPORT ENERGY CORP	28,977 (-88.4%)	$6,027 (-86.7%)	0.4%	$179.62	+11.0%	COMMON SHARES	402635502
—	VIPER ENERGY INC	726,136 (-56.3%)	$28,051 (-55.8%)	1.8%	$38.20	—	CL A	927959106
CHRD	CHORD ENERGY CORPORATION	247,048 (-57.1%)	$22,901 (-59.9%)	1.5%	$128.59	-28.5%	COM NEW	674215207
PPL	PPL CORP	394,351 (-62.7%)	$13,810 (-64.8%)	0.9%	$35.43	+1.1%	COM	69351T106
CTRA	COTERRA ENERGY INC	1,203,829 (-49.1%)	$31,685 (-43.3%)	2.0%	$24.01	+4.5%	COM	127097103
APTV	APTIV PLC	16,797 (-93.9%)	$1,278 (-94.6%)	0.1%	$61.22	+31.1%	COM SHS	G3265R107
AR	ANTERO RESOURCES CORP	162,709 (-78.5%)	$5,607 (-77.9%)	0.4%	$30.99	+9.3%	COM	03674X106
AEE	AMEREN CORP	557,700 (-22.0%)	$55,692 (-25.3%)	3.6%	$84.95	+20.0%	COM	023608102
EVRG	EVERGY INC	586,192 (-23.6%)	$42,493 (-27.1%)	2.7%	$60.79	+24.1%	COM	30034W106
NI	NISOURCE INC	1,420,828 (-14.7%)	$59,334 (-17.7%)	3.8%	$35.80	+19.0%	COM	65473P105
TM	TOYOTA MOTOR CORP	50,609 (-55.5%)	$10,833 (-50.1%)	0.7%	$194.74	—	ADS	892331307
ADNT	ADIENT PLC	1,924,117 (-2.9%)	$36,885 (-22.7%)	2.4%	$19.13	+10.0%	ORD SHS	G0084W101
EVGO	EVGO INC	1,624,427 (-44.9%)	$4,727 (-66.1%)	0.3%	$3.72	-2.2%	CL A COM	30052F100
OKLO	OKLO INC	103,643 (-30.3%)	$7,437 (-55.2%)	0.5%	$28.95	+285.2%	COM CL A	02156V109
GM	GENERAL MTRS CO	182,460 (-52.2%)	$14,838 (-36.2%)	0.9%	$48.56	+45.0%	COM	37045V100
NXPI	NXP SEMICONDUCTORS N V	4,324 (-88.5%)	$939 (-89.1%)	0.1%	$201.08	+6.3%	COM	N6596X109
NB	NIOCORP DEVS LTD	634,906 (-56.6%)	$3,365 (-65.6%)	0.2%	$4.22	+63.0%	COM NEW	654484609
CRGY	CRESCENT ENERGY COMPANY	2,678,232 (-15.1%)	$22,470 (-20.2%)	1.4%	$9.50	-8.1%	CL A COM	44952J104
DCH	AMERICAN AXLE & MFG HLDGS IN	1,472,714 (-40.6%)	$9,440 (-36.6%)	0.6%	$5.29	+17.6%	COM	024061103
ORLY	OREILLY AUTOMOTIVE INC	7,653 (-84.4%)	$698 (-86.8%)	0.0%	$93.61	+4.4%	COM	67103H107
WLK	WESTLAKE CORPORATION	52,153 (-47.8%)	$3,856 (-50.0%)	0.2%	$108.96	-35.0%	COM	960413102
ETR	ENTERGY CORP NEW	1,062,870 (-2.7%)	$98,241 (-3.5%)	6.3%	$75.22	+25.7%	COM	29364G103
RAL	RALLIANT CORP	141,390 (-40.4%)	$7,198 (-30.6%)	0.5%	$44.46	+5.4%	COM	750940108
RACE	FERRARI N V	2,587 (-67.5%)	$956 (-75.3%)	0.1%	$479.13	-16.5%	COM	N3167Y103
NSP	INSPERITY INC	51,451 (-45.2%)	$1,992 (-56.9%)	0.1%	$53.41	-26.2%	COM	45778Q107
GPI	GROUP 1 AUTOMOTIVE INC	35,263 (-5.5%)	$13,869 (-15.1%)	0.9%	$424.03	-3.2%	COM	398905109
CVX	CHEVRON CORP NEW	59,944 (-15.8%)	$9,136 (-17.4%)	0.6%	$137.00	+10.5%	COM	166764100
INVZ	INNOVIZ TECHNOLOGIES LTD	1,225,704 (-6.3%)	$1,046 (-60.8%)	0.1%	$0.86	+84.1%	SHS	M5R635108
AMD	ADVANCED MICRO DEVICES INC	2,000 (-84.0%)	$428 (-78.8%)	0.0%	$110.59	+103.1%	COM	007903107
NVDA	NVIDIA CORPORATION	15,673 (-34.8%)	$2,923 (-34.8%)	0.2%	$126.08	+47.6%	COM	67066G104
KGS	KODIAK GAS SVCS INC	231,116 (-14.8%)	$8,644 (-13.8%)	0.6%	$34.60	+2.2%	COM	50012A108
NPWR	NET POWER INC	749,091 (-23.3%)	$1,708 (-41.9%)	0.1%	$5.29	-40.9%	COM CL A	64107A105
HSAI	HESAI GROUP	21,163 (-62.3%)	$474 (-69.9%)	0.0%	$14.93	—	SPONSORED ADS	428050108
WOLF	WOLFSPEED INC	45,105 (-27.6%)	$785 (-55.9%)	0.1%	$25.35	-9.5%	COMMON STOCK	97785W106
PHIN	PHINIA INC	241,116 (-13.1%)	$15,116 (-5.2%)	1.0%	$44.00	+25.3%	COMMON STOCK	71880K101
PBR	PETROLEO BRASILEIRO SA PETRO	45,725 (-51.9%)	$542 (-55.0%)	0.0%	$12.66	—	SPONSORED ADR	71654V408
FE	FIRSTENERGY CORP	334,504 (-1.4%)	$14,976 (-3.7%)	1.0%	$42.11	+8.6%	COM	337932107
TTI	TETRA TECHNOLOGIES INC DEL	571,133 (-32.1%)	$5,352 (+10.7%)	0.3%	$4.27	+80.7%	COM	88162F105
APH	AMPHENOL CORP NEW	11,790 (-4.8%)	$1,593 (+4.0%)	0.1%	$109.40	+22.1%	CL A	032095101

Unchanged Positions (7)

SM SM ENERGY CO 0.2%

Value ($000) $3,121 Shares 166,923 Est. Cost $34.54 Unrealized -42.1%

AIRJW AIRJOULE TECHNOLOGIES CORP 0.3%

Value ($000) $5,192 Shares 6,108,275 Est. Cost $0.64 Unrealized —

ELVR ELEVRA LITHIUM LTD 0.0%

Value ($000) $640 Shares 12,168 Est. Cost $24.01 Unrealized —

— RIVIAN AUTOMOTIVE INC 0.1%

Value ($000) $1,091 Shares 971,000 Est. Cost $0.87 Unrealized —

AMPX AMPRIUS TECHNOLOGIES INC 0.0%

Value ($000) $456 Shares 57,802 Est. Cost $2.95 Unrealized +287.5%

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $2,046 Shares 3,000 Est. Cost $599.04 Unrealized —

SES SES AI CORPORATION 0.0%

Value ($000) $551 Shares 306,121 Est. Cost $0.92 Unrealized +143.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SM	SM ENERGY CO	166,923	$3,121	0.2%	$34.54	-42.1%	COM	78454L100
AIRJW	AIRJOULE TECHNOLOGIES CORP	6,108,275	$5,192	0.3%	$0.64	—	*W EXP 03/15/202	612160119
ELVR	ELEVRA LITHIUM LTD	12,168	$640	0.0%	$24.01	—	SPONSORED ADS	805700101
—	RIVIAN AUTOMOTIVE INC	971,000	$1,091	0.1%	$0.87	—	NOTE 3.625%10/1	76954AAD5
AMPX	AMPRIUS TECHNOLOGIES INC	57,802	$456	0.0%	$2.95	+287.5%	COMMON STOCK	03214Q108
SPY	SPDR S&P 500 ETF TR	3,000	$2,046	0.1%	$599.04	—	TR UNIT	78462F103
SES	SES AI CORPORATION	306,121	$551	0.0%	$0.92	+143.7%	CL A COM	78397Q109