Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OKE	ONEOK INC NEW	156,630	$13.36M	1.5%	$85.27	$85.27	—	COM	30609A109
NUE	NUCOR CORP	9,000	$2.104M	0.2%	$233.75	$249.98	-6.5%	COM	670346105
XOM	EXXONMOBIL HOLDINGS CORP	9,710	$1.58M	0.2%	$162.75	$162.75	—	COM SHS	30233Q108
HONA	HONEYWELL AEROSPACE INC	9,550	$1.48M	0.2%	$154.97	$181.88	-14.8%	COM	43849R105
FDXF	FEDEX FGHT HLDG CO INC	10,000	$1.094M	0.1%	$109.38	$136.85	-20.1%	COMMON STOCK	314352105
PSX	PHILLIPS 66	1,369	$350K	0.0%	$255.31	$228.44	+11.8%	COM	718546104
CVE	CENOVUS ENERGY INC	11,000	$342K	0.0%	$31.08	$30.17	+3.0%	COM	15135U109
DVN	DEVON ENERGY CORP NEW	4,486	$207K	0.0%	$46.04	$45.90	+0.3%	COM	25179M103

Increased Positions (15)

SUN SUNOCO LP/SUNOCO FIN CORP 7.7%

Value $67.72M (+47.1%) Shares 929,327 (+36.3%) Share Price $72.87 Est. Cost/Share $61.90 Unrealized @ Report Date —

ET ENERGY TRANSFER L P 13.3%

Value $118M (+12.4%) Shares 5,946,353 (+8.7%) Share Price $19.77 Est. Cost/Share $11.56 Unrealized @ Report Date —

TRGP TARGA RES CORP 6.2%

Value $55.03M (+6.3%) Shares 203,589 (+5.4%) Share Price $270.31 Est. Cost/Share $105.73 Unrealized @ Report Date +155.7%

Q QNITY ELECTRONICS INC 0.3%

Value $2.842M (-13.0%) Shares 22,600 (+13.0%) Share Price $125.74 Est. Cost/Share $103.19 Unrealized @ Report Date +21.8%

CON CONCENTRA GROUP HOLDINGS PAR 0.1%

Value $998K (+67.8%) Shares 29,000 (+45.0%) Share Price $34.42 Est. Cost/Share $27.52 Unrealized @ Report Date +25.1%

IMO IMPERIAL OIL LTD 0.1%

Value $813K (+95.7%) Shares 6,610 (+78.2%) Share Price $123.05 Est. Cost/Share $118.87 Unrealized @ Report Date +3.5%

ECG EVERUS CONSTR GROUP 0.2%

Value $1.375M (+29.5%) Shares 11,700 (+82.8%) Share Price $117.52 Est. Cost/Share $97.25 Unrealized @ Report Date +20.8%

DTM DT MIDSTREAM INC 3.9%

Value $34.17M (+0.8%) Shares 285,999 (+23.8%) Share Price $119.47 Est. Cost/Share $97.51 Unrealized @ Report Date +22.5%

KEX KIRBY CORP 0.1%

Value $564K (+88.7%) Shares 4,300 (+95.5%) Share Price $131.25 Est. Cost/Share $140.59 Unrealized @ Report Date -6.6%

VLTO VERALTO CORP 0.1%

Value $1.038M (+32.9%) Shares 11,000 (+25.0%) Share Price $94.32 Est. Cost/Share $85.98 Unrealized @ Report Date +9.7%

VGNT VERSIGENT PLC 0.1%

Value $472K (+87.2%) Shares 10,500 (+75.0%) Share Price $44.94 Est. Cost/Share $41.86 Unrealized @ Report Date +7.3%

RAL RALLIANT CORP 0.1%

Value $899K (+22.1%) Shares 13,000 (+30.0%) Share Price $69.17 Est. Cost/Share $58.44 Unrealized @ Report Date +18.4%

SCCO SOUTHERN COPPER CORP 0.1%

Value $906K (+17.7%) Shares 4,472 (+1.2%) Share Price $202.64 Est. Cost/Share $58.53 Unrealized @ Report Date +246.2%

SPHR SPHERE ENTERTAINMENT CO 0.1%

Value $565K (+12.5%) Shares 4,200 (+44.8%) Share Price $134.44 Est. Cost/Share $142.21 Unrealized @ Report Date -5.5%

MLI MUELLER INDS INC 0.1%

Value $597K (-1.4%) Shares 9,852 (+100.0%) Share Price $60.61 Est. Cost/Share $47.11 Unrealized @ Report Date +28.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SUN	SUNOCO LP/SUNOCO FIN CORP	929,327 (+36.3%)	$67.72M (+47.1%)	7.7%	$72.87	$61.90	—	COM UT REP LP	86765K109
ET	ENERGY TRANSFER L P	5,946,353 (+8.7%)	$118M (+12.4%)	13.3%	$19.77	$11.56	—	COM UT LTD PTN	29273V100
TRGP	TARGA RES CORP	203,589 (+5.4%)	$55.03M (+6.3%)	6.2%	$270.31	$105.73	+155.7%	COM	87612G101
Q	QNITY ELECTRONICS INC	22,600 (+13.0%)	$2.842M (-13.0%)	0.3%	$125.74	$103.19	+21.8%	COMMON STOCK	74743L100
CON	CONCENTRA GROUP HOLDINGS PAR	29,000 (+45.0%)	$998K (+67.8%)	0.1%	$34.42	$27.52	+25.1%	COMMON STOCK	20603L102
IMO	IMPERIAL OIL LTD	6,610 (+78.2%)	$813K (+95.7%)	0.1%	$123.05	$118.87	+3.5%	COM NEW	453038408
ECG	EVERUS CONSTR GROUP	11,700 (+82.8%)	$1.375M (+29.5%)	0.2%	$117.52	$97.25	+20.8%	COM	300426103
DTM	DT MIDSTREAM INC	285,999 (+23.8%)	$34.17M (+0.8%)	3.9%	$119.47	$97.51	+22.5%	COMMON STOCK	23345M107
KEX	KIRBY CORP	4,300 (+95.5%)	$564K (+88.7%)	0.1%	$131.25	$140.59	-6.6%	COM	497266106
VLTO	VERALTO CORP	11,000 (+25.0%)	$1.038M (+32.9%)	0.1%	$94.32	$85.98	+9.7%	COM SHS	92338C103
VGNT	VERSIGENT PLC	10,500 (+75.0%)	$472K (+87.2%)	0.1%	$44.94	$41.86	+7.3%	ORDINARY SHARES	G9600F104
RAL	RALLIANT CORP	13,000 (+30.0%)	$899K (+22.1%)	0.1%	$69.17	$58.44	+18.4%	COM	750940108
SCCO	SOUTHERN COPPER CORP	4,472 (+1.2%)	$906K (+17.7%)	0.1%	$202.64	$58.53	+246.2%	COM	84265V105
SPHR	SPHERE ENTERTAINMENT CO	4,200 (+44.8%)	$565K (+12.5%)	0.1%	$134.44	$142.21	-5.5%	CL A	55826T102
MLI	MUELLER INDS INC	9,852 (+100.0%)	$597K (-1.4%)	0.1%	$60.61	$47.11	+28.7%	COM	624756102

Exited Positions (10)

OKE ONEOK INC NEW 1.5%

Value $13.62M Shares 156,630 Share Price $86.94 Est. Cost/Share $74.47 Unrealized @ Report Date +14.5%

SOLS SOLSTICE ADVANCED MATLS INC 0.3%

Value $2.49M Shares 28,100 Share Price $88.60 * Est. Cost/Share $50.86 Unrealized @ Report Date +10.7%

CAT CATERPILLAR INC 0.2%

Value $1.429M Shares 1,342 Share Price $1064.90 * Est. Cost/Share $704.01 Unrealized @ Report Date +15.2%

XOM EXXON MOBIL CORP 0.2%

Value $1.328M Shares 9,710 Share Price $136.72 * Est. Cost/Share $109.79 Unrealized @ Report Date +48.2%

CEG CONSTELLATION ENERGY CORP 0.1%

Value $493K Shares 1,985 Share Price $248.37 * Est. Cost/Share $211.85 Unrealized @ Report Date +19.9%

CMC COMMERCIAL METALS CO 0.0%

Value $389K Shares 6,200 Share Price $62.75 Est. Cost/Share $54.97 Unrealized @ Report Date +13.0%

MT ARCELORMITTAL SA LUXEMBOURG 0.0%

Value $289K Shares 4,800 Share Price $60.22 * Est. Cost/Share $41.11 Unrealized @ Report Date +62.4%

RNA ATRIUM THERAPEUTICS INC 0.0%

Value $269K Shares 20,000 Share Price $13.45 * Est. Cost/Share $14.05 Unrealized @ Report Date -41.1%

GE GE AEROSPACE 0.0%

Value $247K Shares 660 Share Price $373.73 * Est. Cost/Share $313.08 Unrealized @ Report Date -0.3%

BKR BAKER HUGHES COMPANY 0.0%

Value $216K Shares 3,900 Share Price $55.50 Est. Cost/Share $57.70 Unrealized @ Report Date -4.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OKE	ONEOK INC NEW	156,630	$13.62M	1.5%	$86.94	$74.47	+14.5%	—	682680103
SOLS	SOLSTICE ADVANCED MATLS INC	28,100	$2.49M	0.3%	$88.60 *	$50.86	+10.7%	—	83443Q103
CAT	CATERPILLAR INC	1,342	$1.429M	0.2%	$1064.90 *	$704.01	+15.2%	—	149123101
XOM	EXXON MOBIL CORP	9,710	$1.328M	0.2%	$136.72 *	$109.79	+48.2%	—	30231G102
CEG	CONSTELLATION ENERGY CORP	1,985	$493K	0.1%	$248.37 *	$211.85	+19.9%	—	21037T109
CMC	COMMERCIAL METALS CO	6,200	$389K	0.0%	$62.75	$54.97	+13.0%	—	201723103
MT	ARCELORMITTAL SA LUXEMBOURG	4,800	$289K	0.0%	$60.22 *	$41.11	+62.4%	—	03938L203
RNA	ATRIUM THERAPEUTICS INC	20,000	$269K	0.0%	$13.45 *	$14.05	-41.1%	—	04965N104
GE	GE AEROSPACE	660	$247K	0.0%	$373.73 *	$313.08	-0.3%	—	369604301
BKR	BAKER HUGHES COMPANY	3,900	$216K	0.0%	$55.50	$57.70	-4.9%	—	05722G100

Decreased Positions (4)

TRP TC ENERGY CORP 3.3%

Value $29.31M (-34.0%) Shares 507,300 (-24.3%) Share Price $57.78 Est. Cost/Share $43.14 Unrealized @ Report Date +33.9%

SNDK SANDISK CORP 0.4%

Value $3.306M (-57.2%) Shares 1,900 (-44.1%) Share Price $1739.89 Est. Cost/Share $200.29 Unrealized @ Report Date +768.7%

HESM HESS MIDSTREAM LP 4.8%

Value $42.6M (-2.4%) Shares 1,139,887 (-1.8%) Share Price $37.37 Est. Cost/Share $34.91 Unrealized @ Report Date +7.0%

WES WESTERN MIDSTREAM PARTNERS L 7.6%

Value $66.83M (+0.2%) Shares 1,506,146 (-1.2%) Share Price $44.37 Est. Cost/Share $25.52 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TRP	TC ENERGY CORP	507,300 (-24.3%)	$29.31M (-34.0%)	3.3%	$57.78	$43.14	+33.9%	COM	87807B107
SNDK	SANDISK CORP	1,900 (-44.1%)	$3.306M (-57.2%)	0.4%	$1739.89	$200.29	+768.7%	COM	80004C200
HESM	HESS MIDSTREAM LP	1,139,887 (-1.8%)	$42.6M (-2.4%)	4.8%	$37.37	$34.91	+7.0%	CL A SHS	428103105
WES	WESTERN MIDSTREAM PARTNERS L	1,506,146 (-1.2%)	$66.83M (+0.2%)	7.6%	$44.37	$25.52	—	COM UNIT LP INT	958669103

Unchanged Positions (51)

WMB WILLIAMS COS INC 6.5%

Value $57.1M Shares 840,072 Share Price $67.97 Est. Cost/Share $45.14 Unrealized @ Report Date +50.6%

PAA PLAINS ALL AMERN PIPELINE L 9.7%

Value $86M Shares 3,625,784 Share Price $23.72 Est. Cost/Share $11.68 Unrealized @ Report Date —

LNG CHENIERE ENERGY INC 2.4%

Value $20.9M Shares 77,685 Share Price $269.03 Est. Cost/Share $189.95 Unrealized @ Report Date +41.6%

EPD ENTERPRISE PRODS PARTNERS L 7.4%

Value $65.42M Shares 1,837,044 Share Price $35.61 Est. Cost/Share $23.73 Unrealized @ Report Date —

KMI KINDER MORGAN INC DEL 3.6%

Value $31.56M Shares 1,046,638 Share Price $30.15 Est. Cost/Share $22.00 Unrealized @ Report Date +37.0%

NGL NGL ENERGY PARTNERS LP 1.4%

Value $12.27M Shares 832,479 Share Price $14.74 Est. Cost/Share $5.16 Unrealized @ Report Date —

GEV GE VERNOVA INC 0.4%

Value $3.753M Shares 3,949 Share Price $950.49 Est. Cost/Share $191.56 Unrealized @ Report Date +396.2%

AM ANTERO MIDSTREAM CORP 0.5%

Value $4.705M Shares 233,383 Share Price $20.16 Est. Cost/Share $20.80 Unrealized @ Report Date -3.1%

ENB ENBRIDGE INC 0.4%

Value $3.138M Shares 67,500 Share Price $46.49 Est. Cost/Share $43.78 Unrealized @ Report Date +6.2%

PHIN PHINIA INC 0.1%

Value $886K Shares 14,900 Share Price $59.43 Est. Cost/Share $34.61 Unrealized @ Report Date +71.7%

NEM NEWMONT CORP 0.2%

Value $1.755M Shares 15,218 Share Price $115.34 Est. Cost/Share $69.39 Unrealized @ Report Date +66.2%

MPC MARATHON PETE CORP 0.1%

Value $906K Shares 2,291 Share Price $395.42 Est. Cost/Share $107.10 Unrealized @ Report Date +269.2%

SU SUNCOR ENERGY INC NEW 0.1%

Value $1.113M Shares 16,400 Share Price $67.87 Est. Cost/Share $45.20 Unrealized @ Report Date +50.2%

SHEL SHELL PLC 0.1%

Value $1.101M Shares 11,588 Share Price $95.05 Est. Cost/Share $71.89 Unrealized @ Report Date +32.2%

DINO HF SINCLAIR CORP 0.1%

Value $494K Shares 4,600 Share Price $107.32 Est. Cost/Share $54.17 Unrealized @ Report Date +98.1%

VLO VALERO ENERGY CORP 0.1%

Value $527K Shares 1,360 Share Price $387.61 Est. Cost/Share $147.81 Unrealized @ Report Date +162.2%

CVX CHEVRON CORPORATION 0.1%

Value $858K Shares 4,200 Share Price $204.21 Est. Cost/Share $138.98 Unrealized @ Report Date +46.9%

SPH SUBURBAN PROPANE PARTNERS L 0.4%

Value $3.532M Shares 214,864 Share Price $16.44 Est. Cost/Share $17.61 Unrealized @ Report Date —

GEL GENESIS ENERGY L P 0.5%

Value $4.723M Shares 343,243 Share Price $13.76 Est. Cost/Share $11.14 Unrealized @ Report Date —

AEM AGNICO EAGLE MINES LTD 0.1%

Value $881K Shares 4,809 Share Price $183.27 Est. Cost/Share $86.40 Unrealized @ Report Date +112.1%

CR CRANE COMPANY 0.1%

Value $1.285M Shares 6,300 Share Price $204.02 Est. Cost/Share $119.32 Unrealized @ Report Date +71.0%

FCX FREEPORT MCMORAN INC 0.1%

Value $1.055M Shares 15,068 Share Price $70.00 Est. Cost/Share $39.40 Unrealized @ Report Date +77.6%

COP CONOCOPHILLIPS 0.1%

Value $562K Shares 4,492 Share Price $125.15 Est. Cost/Share $90.99 Unrealized @ Report Date +37.5%

WLKP WESTLAKE CHEM PARTNERS LP 0.2%

Value $1.704M Shares 80,400 Share Price $21.20 Est. Cost/Share $23.09 Unrealized @ Report Date —

SMC SUMMIT MIDSTREAM CORPORATION 0.2%

Value $1.36M Shares 45,000 Share Price $30.23 Est. Cost/Share $36.10 Unrealized @ Report Date -16.3%

CF CF INDUSTRIES HOLD 0.1%

Value $1.187M Shares 10,300 Share Price $115.20 Est. Cost/Share $75.83 Unrealized @ Report Date +51.9%

E ENI SPA 0.1%

Value $499K Shares 9,186 Share Price $54.30 Est. Cost/Share $44.84 Unrealized @ Report Date +21.1%

B BARRICK MNG CORP 0.1%

Value $667K Shares 16,400 Share Price $40.67 Est. Cost/Share $19.29 Unrealized @ Report Date +110.9%

FIP FTAI INFRASTRUCTURE INC 0.0%

Value $91,080 Shares 33,000 Share Price $2.76 Est. Cost/Share $2.55 Unrealized @ Report Date +8.3%

GLP GLOBAL PARTNERS LP 1.0%

Value $9.039M Shares 195,234 Share Price $46.30 Est. Cost/Share $34.62 Unrealized @ Report Date —

FTV FORTIVE CORP 0.1%

Value $460K Shares 8,400 Share Price $54.81 Est. Cost/Share $51.86 Unrealized @ Report Date +5.7%

KNTK KINETIK HOLDINGS INC 0.2%

Value $1.381M Shares 27,502 Share Price $50.20 Est. Cost/Share $34.94 Unrealized @ Report Date +43.7%

FTRE FORTREA HLDGS INC 0.0%

Value $339K Shares 17,000 Share Price $19.95 Est. Cost/Share $13.50 Unrealized @ Report Date +47.8%

LLYVK LIBERTY LIVE HOLDINGS INC 0.1%

Value $500K Shares 5,143 Share Price $97.25 Est. Cost/Share $85.87 Unrealized @ Report Date +13.2%

KEYS KEYSIGHT TECHNOLOGIES INC 0.1%

Value $910K Shares 2,500 Share Price $364.04 Est. Cost/Share $341.05 Unrealized @ Report Date +6.7%

TT TRANE TECHNOLOGIES PLC 0.0%

Value $362K Shares 800 Share Price $451.98 Est. Cost/Share $267.07 Unrealized @ Report Date +69.2%

GGB GERDAU SA 0.0%

Value $157K Shares 33,264 Share Price $4.72 Est. Cost/Share $4.03 Unrealized @ Report Date +17.2%

NATL NCR ATLEOS CORPORATION 0.1%

Value $574K Shares 12,700 Share Price $45.18 Est. Cost/Share $24.38 Unrealized @ Report Date +85.3%

STLD STEEL DYNAMICS INC 0.1%

Value $597K Shares 2,694 Share Price $221.61 Est. Cost/Share $67.00 Unrealized @ Report Date +230.7%

DKL DELEK LOGISTICS PARTNERS LP 0.1%

Value $562K Shares 10,559 Share Price $53.21 Est. Cost/Share $42.95 Unrealized @ Report Date —

CQP CHENIERE ENERGY PARTNERS L P 1.3%

Value $11.81M Shares 194,126 Share Price $60.86 Est. Cost/Share $47.38 Unrealized @ Report Date —

RIG TRANSOCEAN LTD 0.0%

Value $252K Shares 48,000 Share Price $5.24 Est. Cost/Share $6.25 Unrealized @ Report Date -16.1%

MPLX MPLX LP 10.6%

Value $93.95M Shares 1,668,116 Share Price $56.32 Est. Cost/Share $35.74 Unrealized @ Report Date —

PH PARKER-HANNIFIN CORP 0.1%

Value $697K Shares 730 Share Price $955.42 Est. Cost/Share $523.94 Unrealized @ Report Date +82.4%

HAL HALLIBURTON CO 0.0%

Value $229K Shares 7,200 Share Price $31.80 Est. Cost/Share $26.29 Unrealized @ Report Date +21.0%

GEF GREIF INC 0.0%

Value $223K Shares 2,800 Share Price $79.59 Est. Cost/Share $67.08 Unrealized @ Report Date +18.7%

BHP BHP BILLITON LIMITED 0.1%

Value $764K Shares 9,000 Share Price $84.84 Est. Cost/Share $50.69 Unrealized @ Report Date +67.4%

PLD PROLOGIS INC. 0.0%

Value $312K Shares 2,400 Share Price $129.84 Est. Cost/Share $102.32 Unrealized @ Report Date —

RS RELIANCE INC 0.0%

Value $385K Shares 1,000 Share Price $384.75 Est. Cost/Share $183.74 Unrealized @ Report Date +109.4%

RIO RIO TINTO PLC 0.1%

Value $772K Shares 8,200 Share Price $94.17 Est. Cost/Share $62.39 Unrealized @ Report Date +50.9%

PAAS PAN AMERN SILVER CORP 0.0%

Value $253K Shares 5,567 Share Price $45.51 Est. Cost/Share $32.15 Unrealized @ Report Date +41.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WMB	WILLIAMS COS INC	840,072	$57.1M	6.5%	$67.97	$45.14	+50.6%	COM	969457100
PAA	PLAINS ALL AMERN PIPELINE L	3,625,784	$86M	9.7%	$23.72	$11.68	—	UNIT LTD PARTN	726503105
LNG	CHENIERE ENERGY INC	77,685	$20.9M	2.4%	$269.03	$189.95	+41.6%	COM NEW	16411R208
EPD	ENTERPRISE PRODS PARTNERS L	1,837,044	$65.42M	7.4%	$35.61	$23.73	—	COM	293792107
KMI	KINDER MORGAN INC DEL	1,046,638	$31.56M	3.6%	$30.15	$22.00	+37.0%	COM	49456B101
NGL	NGL ENERGY PARTNERS LP	832,479	$12.27M	1.4%	$14.74	$5.16	—	COM UNIT REPST	62913M107
GEV	GE VERNOVA INC	3,949	$3.753M	0.4%	$950.49	$191.56	+396.2%	COM	36828A101
AM	ANTERO MIDSTREAM CORP	233,383	$4.705M	0.5%	$20.16	$20.80	-3.1%	COM	03676B102
ENB	ENBRIDGE INC	67,500	$3.138M	0.4%	$46.49	$43.78	+6.2%	COM	29250N105
PHIN	PHINIA INC	14,900	$886K	0.1%	$59.43	$34.61	+71.7%	COMMON STOCK	71880K101
NEM	NEWMONT CORP	15,218	$1.755M	0.2%	$115.34	$69.39	+66.2%	COM	651639106
MPC	MARATHON PETE CORP	2,291	$906K	0.1%	$395.42	$107.10	+269.2%	COM	56585A102
SU	SUNCOR ENERGY INC NEW	16,400	$1.113M	0.1%	$67.87	$45.20	+50.2%	COM	867224107
SHEL	SHELL PLC	11,588	$1.101M	0.1%	$95.05	$71.89	+32.2%	SPON ADS	780259305
DINO	HF SINCLAIR CORP	4,600	$494K	0.1%	$107.32	$54.17	+98.1%	COM	403949100
VLO	VALERO ENERGY CORP	1,360	$527K	0.1%	$387.61	$147.81	+162.2%	COM	91913Y100
CVX	CHEVRON CORPORATION	4,200	$858K	0.1%	$204.21	$138.98	+46.9%	COM	166764100
SPH	SUBURBAN PROPANE PARTNERS L	214,864	$3.532M	0.4%	$16.44	$17.61	—	UNIT LTD PARTN	864482104
GEL	GENESIS ENERGY L P	343,243	$4.723M	0.5%	$13.76	$11.14	—	UNIT LTD PARTN	371927104
AEM	AGNICO EAGLE MINES LTD	4,809	$881K	0.1%	$183.27	$86.40	+112.1%	COM	008474108
CR	CRANE COMPANY	6,300	$1.285M	0.1%	$204.02	$119.32	+71.0%	COMMON STOCK	224408104
FCX	FREEPORT MCMORAN INC	15,068	$1.055M	0.1%	$70.00	$39.40	+77.6%	CL B	35671D857
COP	CONOCOPHILLIPS	4,492	$562K	0.1%	$125.15	$90.99	+37.5%	COM	20825C104
WLKP	WESTLAKE CHEM PARTNERS LP	80,400	$1.704M	0.2%	$21.20	$23.09	—	COM UNIT RP LP	960417103
SMC	SUMMIT MIDSTREAM CORPORATION	45,000	$1.36M	0.2%	$30.23	$36.10	-16.3%	COM	86614G101
CF	CF INDUSTRIES HOLD	10,300	$1.187M	0.1%	$115.20	$75.83	+51.9%	COM	125269100
E	ENI SPA	9,186	$499K	0.1%	$54.30	$44.84	+21.1%	SPONSORED ADR	26874R108
B	BARRICK MNG CORP	16,400	$667K	0.1%	$40.67	$19.29	+110.9%	COM SHS	06849F108
FIP	FTAI INFRASTRUCTURE INC	33,000	$91,080	0.0%	$2.76	$2.55	+8.3%	COMMON STOCK	35953C106
GLP	GLOBAL PARTNERS LP	195,234	$9.039M	1.0%	$46.30	$34.62	—	COM UNITS	37946R109
FTV	FORTIVE CORP	8,400	$460K	0.1%	$54.81	$51.86	+5.7%	COM	34959J108
KNTK	KINETIK HOLDINGS INC	27,502	$1.381M	0.2%	$50.20	$34.94	+43.7%	COM NEW CL A	02215L209
FTRE	FORTREA HLDGS INC	17,000	$339K	0.0%	$19.95	$13.50	+47.8%	COMMON STOCK	34965K107
LLYVK	LIBERTY LIVE HOLDINGS INC	5,143	$500K	0.1%	$97.25	$85.87	+13.2%	COM SHS SER C	530909308
KEYS	KEYSIGHT TECHNOLOGIES INC	2,500	$910K	0.1%	$364.04	$341.05	+6.7%	COM	49338L103
TT	TRANE TECHNOLOGIES PLC	800	$362K	0.0%	$451.98	$267.07	+69.2%	SHS	G8994E103
GGB	GERDAU SA	33,264	$157K	0.0%	$4.72	$4.03	+17.2%	SPON ADR REP PFD	373737105
NATL	NCR ATLEOS CORPORATION	12,700	$574K	0.1%	$45.18	$24.38	+85.3%	COM SHS	63001N106
STLD	STEEL DYNAMICS INC	2,694	$597K	0.1%	$221.61	$67.00	+230.7%	COM	858119100
DKL	DELEK LOGISTICS PARTNERS LP	10,559	$562K	0.1%	$53.21	$42.95	—	COM UNT RP INT	24664T103
CQP	CHENIERE ENERGY PARTNERS L P	194,126	$11.81M	1.3%	$60.86	$47.38	—	COM UNIT	16411Q101
RIG	TRANSOCEAN LTD	48,000	$252K	0.0%	$5.24	$6.25	-16.1%	REGISTERED SHS	H8817H100
MPLX	MPLX LP	1,668,116	$93.95M	10.6%	$56.32	$35.74	—	COM UNIT REP LTD	55336V100
PH	PARKER-HANNIFIN CORP	730	$697K	0.1%	$955.42	$523.94	+82.4%	COM	701094104
HAL	HALLIBURTON CO	7,200	$229K	0.0%	$31.80	$26.29	+21.0%	COM	406216101
GEF	GREIF INC	2,800	$223K	0.0%	$79.59	$67.08	+18.7%	CL A	397624107
BHP	BHP BILLITON LIMITED	9,000	$764K	0.1%	$84.84	$50.69	+67.4%	SPONSORED ADS	088606108
PLD	PROLOGIS INC.	2,400	$312K	0.0%	$129.84	$102.32	—	COM	74340W103
RS	RELIANCE INC	1,000	$385K	0.0%	$384.75	$183.74	+109.4%	COM	759509102
RIO	RIO TINTO PLC	8,200	$772K	0.1%	$94.17	$62.39	+50.9%	SPONSORED ADR	767204100
PAAS	PAN AMERN SILVER CORP	5,567	$253K	0.0%	$45.51	$32.15	+41.5%	COM	697900108