SCP Investment, LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DKNG	DRAFTKINGS INC	325,000	$11,200	9.1%	$32.89	0.0%	COM CL A	26142V105
AMZN	AMAZON.COM INC	45,000	$10,387	8.5%	$228.79	0.0%	COM	023135106
EOG	EOG RESOURCES INC	13,200	$1,386	1.1%	$107.22	0.0%	COM	26875P101
FTI	TECHNIPFMC PLC	28,688	$1,278	1.0%	$42.20	0.0%	COM	G87110105
KMI	KINDER MORGAN INC/DE	44,600	$1,226	1.0%	$26.91	0.0%	COM	49456B101
XOM	EXXON MOBIL CORP	10,188	$1,226	1.0%	$115.49	0.0%	COM	30231G102
SLB	SCHLUMBERGER LTD	25,600	$983	0.8%	$36.06	0.0%	COM STK	806857108
PSQ	PROSHARES SHORT QQQ	15,000	$453	0.4%	$30.20	—	SHORT QQQ	74349Y837
MIR	MIRION TECHNOLOGIES INC	18,000	$422	0.3%	$24.94	0.0%	COM CL A	60471A101
PSX	PHILLIPS 66	3,000	$387	0.3%	$134.01	0.0%	COM	718546104
GEV	GE VERNOVA INC	488	$319	0.3%	$609.04	0.0%	COM	36828A101
GLNG	GOLAR LNG LTD	6,800	$253	0.2%	$38.10	0.0%	SHS	G9456A100

Increased Positions (13)

OVV OVINTIV INC 1.3%

Value ($000) $1,630 (+493.7%) Shares 41,600 (+511.8%) Est. Cost $39.10 Unrealized -0.8%

VNOM VIPER ENERGY INC 2.5%

Value ($000) $3,044 (+53.8%) Shares 78,800 (+52.1%) Est. Cost $38.02 Unrealized -0.4%

XEL XCEL ENERGY INC 1.1%

Value ($000) $1,389 (+258.7%) Shares 18,800 (+291.7%) Est. Cost $75.30 Unrealized +4.0%

EQT EQT CORP 1.8%

Value ($000) $2,176 (+62.5%) Shares 40,600 (+65.0%) Est. Cost $51.37 Unrealized +9.2%

TRGP TARGA RESOURCES CORP 2.1%

Value ($000) $2,524 (+46.4%) Shares 13,678 (+33.0%) Est. Cost $165.13 Unrealized +1.8%

ET ENERGY TRANSFER LP 1.6%

Value ($000) $1,959 (+64.0%) Shares 118,800 (+70.7%) Est. Cost $16.60 Unrealized —

CZR CAESARS ENTERTAINMENT INC 11.6%

Value ($000) $14,151 (-4.8%) Shares 605,000 (+10.0%) Est. Cost $46.00 Unrealized -51.1%

FANG DIAMONDBACK ENERGY INC 1.8%

Value ($000) $2,196 (+44.7%) Shares 14,608 (+37.7%) Est. Cost $147.94 Unrealized -0.6%

AEP AMERICAN ELECTRIC POWER CO INC 0.6%

Value ($000) $784 (+148.9%) Shares 6,800 (+142.9%) Est. Cost $113.78 Unrealized +3.4%

CCJ CAMECO CORP 0.7%

Value ($000) $805 (+100.0%) Shares 8,800 (+83.3%) Est. Cost $69.93 Unrealized +28.6%

SHEL SHELL PLC 1.6%

Value ($000) $1,955 (+25.3%) Shares 26,600 (+22.0%) Est. Cost $68.25 Unrealized —

NEE NEXTERA ENERGY INC 1.4%

Value ($000) $1,734 (+23.5%) Shares 21,600 (+16.1%) Est. Cost $72.03 Unrealized +14.5%

CNQ CANADIAN NATURAL RESOURCES LTD 1.1%

Value ($000) $1,300 (+13.6%) Shares 38,400 (+7.3%) Est. Cost $31.39 Unrealized +3.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OVV	OVINTIV INC	41,600 (+511.8%)	$1,630 (+493.7%)	1.3%	$39.10	-0.8%	COM	69047Q102
VNOM	VIPER ENERGY INC	78,800 (+52.1%)	$3,044 (+53.8%)	2.5%	$38.02	-0.4%	CL A	64361Q101
XEL	XCEL ENERGY INC	18,800 (+291.7%)	$1,389 (+258.7%)	1.1%	$75.30	+4.0%	COM	98389B100
EQT	EQT CORP	40,600 (+65.0%)	$2,176 (+62.5%)	1.8%	$51.37	+9.2%	COM	26884L109
TRGP	TARGA RESOURCES CORP	13,678 (+33.0%)	$2,524 (+46.4%)	2.1%	$165.13	+1.8%	COM	87612G101
ET	ENERGY TRANSFER LP	118,800 (+70.7%)	$1,959 (+64.0%)	1.6%	$16.60	—	COM UT LTD PTN	29273V100
CZR	CAESARS ENTERTAINMENT INC	605,000 (+10.0%)	$14,151 (-4.8%)	11.6%	$46.00	-51.1%	COM	12769G100
FANG	DIAMONDBACK ENERGY INC	14,608 (+37.7%)	$2,196 (+44.7%)	1.8%	$147.94	-0.6%	COM	25278X109
AEP	AMERICAN ELECTRIC POWER CO INC	6,800 (+142.9%)	$784 (+148.9%)	0.6%	$113.78	+3.4%	COM	025537101
CCJ	CAMECO CORP	8,800 (+83.3%)	$805 (+100.0%)	0.7%	$69.93	+28.6%	COM	13321L108
SHEL	SHELL PLC	26,600 (+22.0%)	$1,955 (+25.3%)	1.6%	$68.25	—	SPON ADS	780259305
NEE	NEXTERA ENERGY INC	21,600 (+16.1%)	$1,734 (+23.5%)	1.4%	$72.03	+14.5%	COM	65339F101
CNQ	CANADIAN NATURAL RESOURCES LTD	38,400 (+7.3%)	$1,300 (+13.6%)	1.1%	$31.39	+3.3%	COM	136385101

Exited Positions (11)

GOGO GOGO INC 9.8%

Value ($000) $12,026 Shares 1,400,000 Est. Cost $10.37 Unrealized -29.3%

VLO VALERO ENERGY CORP 0.9%

Value ($000) $1,124 Shares 6,600 Est. Cost $133.12 Unrealized +26.8%

VG VENTURE GLOBAL INC 0.8%

Value ($000) $966 Shares 68,088 Est. Cost $14.20 Unrealized -41.5%

SO SOUTHERN CO, THE 0.7%

Value ($000) $910 Shares 9,600 Est. Cost $84.73 Unrealized +7.3%

KGS KODIAK GAS SERVICES INC 0.5%

Value ($000) $621 Shares 16,800 Est. Cost $33.73 Unrealized +4.8%

HBM HUDBAY MINERALS INC 0.5%

Value ($000) $588 Shares 38,800 Est. Cost $11.45 Unrealized +47.7%

SCCO SOUTHERN COPPER CORP 0.3%

Value ($000) $350 Shares 2,888 Est. Cost $87.06 Unrealized +52.5%

MPLX MPLX LP 0.3%

Value ($000) $340 Shares 6,800 Est. Cost $49.95 Unrealized —

HAL HALLIBURTON CO 0.2%

Value ($000) $266 Shares 10,800 Est. Cost $25.59 Unrealized +2.7%

PTEN PATTERSON-UTI ENERGY INC 0.2%

Value ($000) $253 Shares 48,800 Est. Cost $6.77 Unrealized -11.8%

ARRY ARRAY TECHNOLOGIES INC 0.1%

Value ($000) $161 Shares 19,800 Est. Cost $6.65 Unrealized +29.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOGO	GOGO INC	1,400,000	$12,026	9.8%	$10.37	-29.3%	—	38046C109
VLO	VALERO ENERGY CORP	6,600	$1,124	0.9%	$133.12	+26.8%	—	91913Y100
VG	VENTURE GLOBAL INC	68,088	$966	0.8%	$14.20	-41.5%	—	92333F101
SO	SOUTHERN CO, THE	9,600	$910	0.7%	$84.73	+7.3%	—	842587107
KGS	KODIAK GAS SERVICES INC	16,800	$621	0.5%	$33.73	+4.8%	—	50012A108
HBM	HUDBAY MINERALS INC	38,800	$588	0.5%	$11.45	+47.7%	—	443628102
SCCO	SOUTHERN COPPER CORP	2,888	$350	0.3%	$87.06	+52.5%	—	84265V105
MPLX	MPLX LP	6,800	$340	0.3%	$49.95	—	—	55336V100
HAL	HALLIBURTON CO	10,800	$266	0.2%	$25.59	+2.7%	—	406216101
PTEN	PATTERSON-UTI ENERGY INC	48,800	$253	0.2%	$6.77	-11.8%	—	703481101
ARRY	ARRAY TECHNOLOGIES INC	19,800	$161	0.1%	$6.65	+29.0%	—	04271T100

Decreased Positions (11)

LINE LINEAGE INC 7.7%

Value ($000) $9,450 (-49.0%) Shares 270,000 (-43.8%) Est. Cost $46.57 Unrealized —

GOOGL ALPHABET INC CL A 15.3%

Value ($000) $18,780 (-20.8%) Shares 60,000 (-38.5%) Est. Cost $167.24 Unrealized +70.8%

COP CONOCOPHILLIPS 0.2%

Value ($000) $262 (-82.3%) Shares 2,800 (-82.1%) Est. Cost $105.28 Unrealized -14.5%

PCG PG&E CORP 1.2%

Value ($000) $1,459 (-42.0%) Shares 90,800 (-45.6%) Est. Cost $15.83 Unrealized +0.6%

CVX CHEVRON CORP 0.5%

Value ($000) $579 (-56.6%) Shares 3,800 (-55.8%) Est. Cost $148.68 Unrealized +1.8%

NXT NEXTRACKER INC 0.3%

Value ($000) $339 (-66.6%) Shares 3,888 (-71.6%) Est. Cost $55.55 Unrealized +63.2%

SU SUNCOR ENERGY INC 1.2%

Value ($000) $1,446 (-24.5%) Shares 32,600 (-28.8%) Est. Cost $40.11 Unrealized +5.4%

DINO HF SINCLAIR CORP 0.2%

Value ($000) $267 (-46.8%) Shares 5,800 (-39.6%) Est. Cost $37.39 Unrealized +37.2%

BKR BAKER HUGHES CO 0.7%

Value ($000) $856 (-13.9%) Shares 18,800 (-7.8%) Est. Cost $34.22 Unrealized +38.3%

FSLR FIRST SOLAR INC 1.2%

Value ($000) $1,434 (-5.6%) Shares 5,488 (-20.3%) Est. Cost $199.79 Unrealized +26.2%

PR PERMIAN RESOURCES CORP 0.9%

Value ($000) $1,145 (-4.4%) Shares 81,600 (-12.8%) Est. Cost $14.10 Unrealized -4.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LINE	LINEAGE INC	270,000 (-43.8%)	$9,450 (-49.0%)	7.7%	$46.57	—	COM	53566V106
GOOGL	ALPHABET INC CL A	60,000 (-38.5%)	$18,780 (-20.8%)	15.3%	$167.24	+70.8%	CAP STK CL A	02079K305
COP	CONOCOPHILLIPS	2,800 (-82.1%)	$262 (-82.3%)	0.2%	$105.28	-14.5%	COM	20825C104
PCG	PG&E CORP	90,800 (-45.6%)	$1,459 (-42.0%)	1.2%	$15.83	+0.6%	COM	69331C108
CVX	CHEVRON CORP	3,800 (-55.8%)	$579 (-56.6%)	0.5%	$148.68	+1.8%	COM	166764100
NXT	NEXTRACKER INC	3,888 (-71.6%)	$339 (-66.6%)	0.3%	$55.55	+63.2%	CLASS A COM	65290E101
SU	SUNCOR ENERGY INC	32,600 (-28.8%)	$1,446 (-24.5%)	1.2%	$40.11	+5.4%	COM	867224107
DINO	HF SINCLAIR CORP	5,800 (-39.6%)	$267 (-46.8%)	0.2%	$37.39	+37.2%	COM	403949100
BKR	BAKER HUGHES CO	18,800 (-7.8%)	$856 (-13.9%)	0.7%	$34.22	+38.3%	CL A	05722G100
FSLR	FIRST SOLAR INC	5,488 (-20.3%)	$1,434 (-5.6%)	1.2%	$199.79	+26.2%	COM	336433107
PR	PERMIAN RESOURCES CORP	81,600 (-12.8%)	$1,145 (-4.4%)	0.9%	$14.10	-4.7%	CLASS A COM	71424F105

Unchanged Positions (5)

UBER UBER TECHNOLOGIES INC 9.0%

Value ($000) $11,031 Shares 135,000 Est. Cost $52.23 Unrealized +72.4%

GOOS CANADA GOOSE HOLDINGS INC 3.7%

Value ($000) $4,533 Shares 350,000 Est. Cost $12.65 Unrealized +5.2%

AMRN AMARIN CORP PLC 1.1%

Value ($000) $1,396 Shares 100,000 Est. Cost $16.22 Unrealized —

AAPL APPLE INC 2.2%

Value ($000) $2,719 Shares 10,000 Est. Cost $87.75 Unrealized +205.8%

XLV HEALTH CARE SELECT SECTOR SPDR FUND 1.3%

Value ($000) $1,548 Shares 10,000 Est. Cost $139.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	135,000	$11,031	9.0%	$52.23	+72.4%	COM	90353T100
GOOS	CANADA GOOSE HOLDINGS INC	350,000	$4,533	3.7%	$12.65	+5.2%	SHS SUB VTG	135086106
AMRN	AMARIN CORP PLC	100,000	$1,396	1.1%	$16.22	—	SPONSORED ADR	023111404
AAPL	APPLE INC	10,000	$2,719	2.2%	$87.75	+205.8%	COM	037833100
XLV	HEALTH CARE SELECT SECTOR SPDR FUND	10,000	$1,548	1.3%	$139.17	—	STATE STREET HEA	81369Y209