USCF Advisers LLC Long-Term Concentrated

CIK: 0001633971 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $526 (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (2)

BITU PROSHARES ULTRA BITCOIN ETF 24.8%

Value ($000) $130 Shares 5,900 Est. Cost $22.09 Unrealized —

EAF GRAFTECH INTERNATIONAL LTD 6.5%

Value ($000) $34 Shares 2,220 Est. Cost $15.21 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BITU	PROSHARES ULTRA BITCOIN ETF	5,900	$130	24.8%	$22.09	—	COMMON	74349Y704
EAF	GRAFTECH INTERNATIONAL LTD	2,220	$34	6.5%	$15.21	0.0%	COMMON	384313607

Increased Positions (1)

MP MP MATERIALS CORP 13.4%

Value ($000) $71 (+31.8%) Shares 1,400 (+75.0%) Est. Cost $42.08 Unrealized +50.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MP	MP MATERIALS CORP	1,400 (+75.0%)	$71 (+31.8%)	13.4%	$42.08	+50.7%	COMMON	553368101

Exited Positions (2)

ZSB USCF SUST BATTERY METAL FUND 130.7%

Value ($000) $688 Shares 41,500 Est. Cost $14.69 Unrealized —

— GRAFTECH INTERNATIONAL LTD 3.2%

Value ($000) $17 Shares 1,320 Est. Cost $2.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZSB	USCF SUST BATTERY METAL FUND	41,500	$688	130.7%	$14.69	—	—	90290T841
—	GRAFTECH INTERNATIONAL LTD	1,320	$17	3.2%	$2.03	—	—	384313508

Decreased Positions (1)

SQM QUIMICA Y MINERA CHIL-SP ADR 3.9%

Value ($000) $21 (+20.1%) Shares 300 (-25.0%) Est. Cost $55.10 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SQM	QUIMICA Y MINERA CHIL-SP ADR	300 (-25.0%)	$21 (+20.1%)	3.9%	$55.10	—	ADR	833635105

Unchanged Positions (16)

CSIQ CANADIAN SOLAR INC 11.3%

Value ($000) $59 Shares 2,500 Est. Cost $21.46 Unrealized +1.6%

ALB ALBEMARLE CORP 5.4%

Value ($000) $28 Shares 200 Est. Cost $183.94 Unrealized -38.4%

FSLR FIRST SOLAR INC 9.9%

Value ($000) $52 Shares 200 Est. Cost $169.76 Unrealized +48.6%

RNW RENEW ENERGY GLOBAL PLC-A 2.8%

Value ($000) $15 Shares 2,600 Est. Cost $5.92 Unrealized +22.1%

ARRY ARRAY TECHNOLOGIES INC 6.1%

Value ($000) $32 Shares 3,500 Est. Cost $11.82 Unrealized -27.4%

RUN SUNRUN INC 4.5%

Value ($000) $24 Shares 1,300 Est. Cost $14.32 Unrealized +33.9%

ORA ORMAT TECHNOLOGIES INC 2.1%

Value ($000) $11 Shares 100 Est. Cost $76.40 Unrealized +43.1%

BEPC BROOKFIELD RENEWABLE CORP 2.2%

Value ($000) $12 Shares 300 Est. Cost $29.14 Unrealized +37.2%

HXL HEXCEL CORP 1.4%

Value ($000) $7 Shares 100 Est. Cost $71.11 Unrealized -0.6%

MAXN MAXEON SOLAR TECHNOLOGIE 1.0%

Value ($000) $5 Shares 1,831 Est. Cost $7.75 Unrealized -57.2%

NEE NEXTERA ENERGY INC 3.1%

Value ($000) $16 Shares 200 Est. Cost $64.42 Unrealized +28.1%

AMRC AMERESCO INC-CL A 0.6%

Value ($000) $3 Shares 100 Est. Cost $28.88 Unrealized +21.5%

ENPH ENPHASE ENERGY INC 0.6%

Value ($000) $3 Shares 100 Est. Cost $142.45 Unrealized -77.3%

VALE VALE SA-SP ADR 0.2%

Value ($000) $1 Shares 100 Est. Cost $15.86 Unrealized —

TPICQ TPI COMPOSITES INC 0.0%

Value ($000) $0 Shares 4,300 Est. Cost $2.78 Unrealized -99.1%

TROX TRONOX HOLDINGS PLC 0.2%

Value ($000) $1 Shares 200 Est. Cost $15.42 Unrealized -75.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSIQ	CANADIAN SOLAR INC	2,500	$59	11.3%	$21.46	+1.6%	COMMON	136635109
ALB	ALBEMARLE CORP	200	$28	5.4%	$183.94	-38.4%	COMMON	012653101
FSLR	FIRST SOLAR INC	200	$52	9.9%	$169.76	+48.6%	COMMON	336433107
RNW	RENEW ENERGY GLOBAL PLC-A	2,600	$15	2.8%	$5.92	+22.1%	ADR	G7500M104
ARRY	ARRAY TECHNOLOGIES INC	3,500	$32	6.1%	$11.82	-27.4%	COMMON	04271T100
RUN	SUNRUN INC	1,300	$24	4.5%	$14.32	+33.9%	COMMON	86771W105
ORA	ORMAT TECHNOLOGIES INC	100	$11	2.1%	$76.40	+43.1%	COMMON	686688102
BEPC	BROOKFIELD RENEWABLE CORP	300	$12	2.2%	$29.14	+37.2%	ADR	11285B108
HXL	HEXCEL CORP	100	$7	1.4%	$71.11	-0.6%	COMMON	428291108
MAXN	MAXEON SOLAR TECHNOLOGIE	1,831	$5	1.0%	$7.75	-57.2%	ADR	Y58473128
NEE	NEXTERA ENERGY INC	200	$16	3.1%	$64.42	+28.1%	COMMON	65339F101
AMRC	AMERESCO INC-CL A	100	$3	0.6%	$28.88	+21.5%	COMMON	02361E108
ENPH	ENPHASE ENERGY INC	100	$3	0.6%	$142.45	-77.3%	COMMON	29355A107
VALE	VALE SA-SP ADR	100	$1	0.2%	$15.86	—	ADR	91912E105
TPICQ	TPI COMPOSITES INC	4,300	$0	0.0%	$2.78	-99.1%	ADR	87266J104
TROX	TRONOX HOLDINGS PLC	200	$1	0.2%	$15.42	-75.3%	ADR	G9087Q102