CIK: 0001852314 · Show all filings
Period: Q4 2025
Filing Date: Feb 13, 2026
Total Value ($000): $206,136 (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF TR | 100,000 | $68,192 | 33.1% | — | — | Put | 78462F103 |
| SBLK | STAR BULK CARRIERS CORP. | 361,191 | $6,942 | 3.4% | $18.67 | 0.0% | SHS PAR | Y8162K204 |
| JBGS | JBG SMITH PPTYS | 385,463 | $6,557 | 3.2% | $17.01 | — | COM | 46590V100 |
| HCC | WARRIOR MET COAL INC | 74,184 | $6,541 | 3.2% | $75.18 | 0.0% | COM | 93627C101 |
| WULF | TERAWULF INC | 565,928 | $6,503 | 3.2% | $13.40 | 0.0% | COM | 88080T104 |
| CNR | CORE NATURAL RESOURCES INC | 68,143 | $6,031 | 2.9% | $85.17 | 0.0% | COM SHS | 218937100 |
| INSW | INTERNATIONAL SEAWAYS INC | 123,827 | $6,012 | 2.9% | $48.84 | 0.0% | COM | Y41053102 |
| NXRT | NEXPOINT RESIDENTIAL TR INC | 173,438 | $5,220 | 2.5% | $30.10 | — | COM | 65341D102 |
| GNK | GENCO SHIPPING & TRADING LTD | 281,246 | $5,183 | 2.5% | $17.56 | 0.0% | SHS | Y2685T131 |
| NMM | NAVIOS MARITIME PARTNERS L P | 95,884 | $5,027 | 2.4% | $52.43 | — | COM UNIT LPI | Y62267409 |
| TRMD | TORM PLC | 245,902 | $4,815 | 2.3% | $20.80 | 0.0% | SHS CL A | G89479102 |
| TDW | TIDEWATER INC NEW | 89,546 | $4,523 | 2.2% | $52.82 | 0.0% | COM | 88642R109 |
| FCNCA | FIRST CTZNS BANCSHARES INC D | 2,105 | $4,518 | 2.2% | $1883.58 | 0.0% | CL A | 31946M103 |
| SBLK | STAR BULK CARRIERS CORP. | 222,900 | $4,284 | 2.1% | $18.67 | 0.0% | Call | Y8162K204 |
| CENX | CENTURY ALUM CO | 107,056 | $4,194 | 2.0% | $31.24 | 0.0% | COM | 156431108 |
| GTX | GARRETT MOTION INC | 225,971 | $3,939 | 1.9% | $15.92 | 0.0% | COM | 366505105 |
| ASC | ARDMORE SHIPPING CORP | 366,141 | $3,877 | 1.9% | $11.89 | 0.0% | COM | Y0207T100 |
| NBIS | NEBIUS GROUP N.V. | 44,276 | $3,706 | 1.8% | $103.64 | 0.0% | SHS CLASS A | N97284108 |
| HUT | HUT 8 CORP | 75,942 | $3,489 | 1.7% | $44.08 | 0.0% | COM | 44812J104 |
| CORZ | CORE SCIENTIFIC INC NEW | 221,872 | $3,230 | 1.6% | $17.44 | 0.0% | COM | 21874A106 |
| SHW | SHERWIN WILLIAMS CO | 8,864 | $2,872 | 1.4% | $334.11 | 0.0% | COM | 824348106 |
| GLD | SPDR GOLD TR | 6,700 | $2,655 | 1.3% | $396.31 | — | GOLD SHS | 78463V107 |
| ALX | ALEXANDERS INC | 12,040 | $2,624 | 1.3% | $217.94 | — | COM | 014752109 |
| FRO | FRONTLINE PLC | 109,319 | $2,385 | 1.2% | $23.37 | 0.0% | COM | M46528101 |
| TLN | TALEN ENERGY CORP | 5,760 | $2,159 | 1.0% | $388.68 | 0.0% | COM | 87422Q109 |
| HAFN | HAFNIA LTD | 404,306 | $2,155 | 1.0% | $5.96 | 0.0% | SHS | Y2990R101 |
| EXP | EAGLE MATLS INC | 9,050 | $1,870 | 0.9% | $220.50 | 0.0% | COM | 26969P108 |
| DHT | DHT HOLDINGS INC | 146,793 | $1,792 | 0.9% | $12.28 | 0.0% | SHS NEW | Y2065G121 |
| CMBT | CMB.TECH NV | 184,253 | $1,778 | 0.9% | $9.72 | 0.0% | SHS | B38564108 |
| NLOP | NET LEASE OFFICE PROPERTIES | 68,027 | $1,754 | 0.9% | $25.79 | — | COM | 64110Y108 |
| NUE | NUCOR CORP | 10,000 | $1,631 | 0.8% | — | — | Put | 670346105 |
| STNG | SCORPIO TANKERS INC | 28,044 | $1,425 | 0.7% | $50.83 | — | SHS | Y7542C130 |
| TNK | TEEKAY TANKERS LTD | 23,073 | $1,233 | 0.6% | $56.15 | 0.0% | CL A | G8726X106 |
| RIG | TRANSOCEAN LTD | 289,877 | $1,197 | 0.6% | $3.88 | 0.0% | REGISTERED SHS | H8817H100 |
| KKR | KKR & CO INC | 9,100 | $1,160 | 0.6% | $124.29 | 0.0% | COM | 48251W104 |
| AMR | ALPHA METALLURGICAL RESOUR I | 5,584 | $1,116 | 0.5% | $172.83 | 0.0% | COM | 020764106 |
| OLN | OLIN CORP | 45,700 | $952 | 0.5% | $21.44 | 0.0% | COM PAR $1 | 680665205 |
| VAL | VALARIS LTD | 18,647 | $940 | 0.5% | $53.67 | 0.0% | CL A | G9460G101 |
| SATS | ECHOSTAR CORP | 8,600 | $935 | 0.5% | $81.43 | 0.0% | CL A | 278768106 |
| WLK | WESTLAKE CORPORATION | 11,700 | $865 | 0.4% | $70.79 | 0.0% | COM | 960413102 |
| MLM | MARTIN MARIETTA MATLS INC | 1,295 | $806 | 0.4% | $621.36 | 0.0% | COM | 573284106 |
| TEN | TSAKOS ENERGY NAVIGATION LTD | 33,991 | $762 | 0.4% | $23.41 | 0.0% | SHS | G9108L173 |
| MT | ARCELORMITTAL SA LUXEMBOURG | 14,888 | $678 | 0.3% | $45.57 | — | NY REGISTRY SH | 03938L203 |
| BTU | PEABODY ENERGY CORP | 22,757 | $676 | 0.3% | $29.35 | 0.0% | COM | 704551100 |
| DAC | DANAOS CORPORATION | 7,119 | $670 | 0.3% | $92.12 | 0.0% | SHS | Y1968P121 |
| SEG | SEAPORT ENTMT GROUP INC | 32,300 | $639 | 0.3% | $22.41 | 0.0% | COMMON STOCK | 812215200 |
| AL | AIR LEASE CORP | 9,078 | $583 | 0.3% | $63.69 | 0.0% | CL A | 00912X302 |
| CZR | CAESARS ENTERTAINMENT INC NE | 21,945 | $513 | 0.2% | $22.48 | 0.0% | COM | 12769G100 |
| FNV | FRANCO NEV CORP | 2,400 | $497 | 0.2% | $202.79 | 0.0% | COM | 351858105 |
| CMBT | CMB.TECH NV | 51,200 | $494 | 0.2% | $9.72 | 0.0% | Call | B38564108 |
| WFG | WEST FRASER TIMBER CO LTD | 7,900 | $483 | 0.2% | $62.58 | 0.0% | COM | 952845105 |
| VNO | VORNADO RLTY TR | 12,500 | $416 | 0.2% | $33.28 | — | SH BEN INT | 929042109 |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 790 | $397 | 0.2% | $497.53 | 0.0% | CL B NEW | 084670702 |
| CLF | CLEVELAND-CLIFFS INC NEW | 28,513 | $379 | 0.2% | $12.63 | 0.0% | COM | 185899101 |
| VALE | VALE S A | 25,800 | $336 | 0.2% | $13.03 | — | SPONSORED ADS | 91912E105 |
| WH | WYNDHAM HOTELS & RESORTS INC | 4,047 | $306 | 0.1% | $75.40 | 0.0% | COM | 98311A105 |
| LEN/B | LENNAR CORP | 3,200 | $304 | 0.1% | $112.76 | 0.0% | CL B | 526057302 |
| ECO | OKEANIS ECO TANKERS COR | 8,057 | $273 | 0.1% | $33.92 | 0.0% | SHS | Y64177101 |
| CDRE | CADRE HLDGS INC | 6,076 | $248 | 0.1% | $41.45 | 0.0% | COM | 12763L105 |
| GSL | GLOBAL SHIP LEASE INC NEW | 6,515 | $228 | 0.1% | $32.49 | 0.0% | COM CL A | Y27183600 |
| TROX | TRONOX HOLDINGS PLC | 19,830 | $83 | 0.0% | $3.81 | 0.0% | SHS | G9087Q102 |
| GNK | GENCO SHIPPING & TRADING LTD | 4,300 | $79 | 0.0% | $17.56 | 0.0% | Call | Y2685T131 |