Corigliano Investment Advisers, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SU	SUNCOR ENERGY INC NEW	388,000	$17,212	6.1%	$42.26	0.0%	COM	867224107
LNG	CHENIERE ENERGY INC	77,800	$15,124	5.4%	$209.99	0.0%	COM NEW	16411R208
MPC	MARATHON PETE CORP	76,200	$12,392	4.4%	$186.40	0.0%	COM	56585A102
SM	SM ENERGY CO	462,800	$8,654	3.1%	$20.02	0.0%	COM	78454L100
HP	HELMERICH & PAYNE INC	298,905	$8,573	3.0%	$26.56	0.0%	COM	423452101
HAL	HALLIBURTON CO	225,000	$6,359	2.3%	$26.29	0.0%	COM	406216101
TS	TENARIS S A	157,700	$6,064	2.2%	$38.45	—	SPONSORED ADS	88031M109
SEI	SOLARIS ENERGY INFRAS INC	120,400	$5,535	2.0%	$48.29	0.0%	COM CL A	83418M103
AM	ANTERO MIDSTREAM CORP	282,000	$5,017	1.8%	$17.75	0.0%	COM	03676B102
NOV	NOV INC	265,000	$4,142	1.5%	$14.83	0.0%	COM	62955J103
LBRT	LIBERTY ENERGY INC	207,600	$3,832	1.4%	$16.71	0.0%	COM CL A	53115L104
VAL	VALARIS LTD	63,125	$3,182	1.1%	$53.67	0.0%	CL A	G9460G101
CHRD	CHORD ENERGY CORPORATION	32,000	$2,966	1.1%	$91.97	0.0%	COM NEW	674215207
CRGY	CRESCENT ENERGY COMPANY	311,500	$2,613	0.9%	$8.72	0.0%	CL A COM	44952J104
SCO	PROSHARES TR II	48,000	$941	0.3%	$19.61	—	ULSHT BLOOMB OIL	74347Y797
EXE	EXPAND ENERGY CORPORATION	7,700	$850	0.3%	$110.64	0.0%	COM	165167735
IPX	IPERIONX LTD	10,010	$362	0.1%	$36.19	—	SPONSORED ADS	44916E100
MP	MP MATERIALS CORP	5,000	$253	0.1%	$63.41	0.0%	COM CL A	553368101
RIOT	RIOT PLATFORMS INC	13,000	$165	0.1%	$17.11	0.0%	COM	767292105

Increased Positions (11)

WMB WILLIAMS COS INC 4.3%

Value ($000) $12,100 (+130.7%) Shares 201,300 (+143.1%) Est. Cost $59.08 Unrealized +1.7%

CTRA COTERRA ENERGY INC 10.4%

Value ($000) $29,289 (+29.1%) Shares 1,112,800 (+16.0%) Est. Cost $24.84 Unrealized +1.0%

AR ANTERO RESOURCES CORP 11.1%

Value ($000) $31,272 (+11.9%) Shares 907,500 (+9.0%) Est. Cost $35.79 Unrealized -5.4%

EQT EQT CORP 10.2%

Value ($000) $28,730 (+11.9%) Shares 536,000 (+13.7%) Est. Cost $52.86 Unrealized +6.2%

MGY MAGNOLIA OIL & GAS CORP 4.8%

Value ($000) $13,506 (+27.2%) Shares 617,000 (+38.7%) Est. Cost $22.56 Unrealized +0.8%

SDRL SEADRILL LTD 1.4%

Value ($000) $4,008 (+66.7%) Shares 115,835 (+45.5%) Est. Cost $25.96 Unrealized +20.0%

HAFN HAFNIA LTD 1.3%

Value ($000) $3,534 (+76.7%) Shares 663,093 (+98.5%) Est. Cost $5.84 Unrealized +2.1%

FTI TECHNIPFMC PLC 0.2%

Value ($000) $646 (+30.3%) Shares 14,500 (+15.4%) Est. Cost $30.12 Unrealized +40.1%

NOG NORTHERN OIL & GAS INC 0.5%

Value ($000) $1,419 (+8.0%) Shares 66,100 (+24.7%) Est. Cost $25.71 Unrealized -12.7%

BOIL PROSHARES TR II 0.3%

Value ($000) $953 (+9.5%) Shares 41,600 (+43.4%) Est. Cost $27.84 Unrealized —

DNOW DNOW INC 0.2%

Value ($000) $696 (-3.6%) Shares 52,500 (+11.0%) Est. Cost $14.99 Unrealized -6.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMB	WILLIAMS COS INC	201,300 (+143.1%)	$12,100 (+130.7%)	4.3%	$59.08	+1.7%	COM	969457100
CTRA	COTERRA ENERGY INC	1,112,800 (+16.0%)	$29,289 (+29.1%)	10.4%	$24.84	+1.0%	COM	127097103
AR	ANTERO RESOURCES CORP	907,500 (+9.0%)	$31,272 (+11.9%)	11.1%	$35.79	-5.4%	COM	03674X106
EQT	EQT CORP	536,000 (+13.7%)	$28,730 (+11.9%)	10.2%	$52.86	+6.2%	COM	26884L109
MGY	MAGNOLIA OIL & GAS CORP	617,000 (+38.7%)	$13,506 (+27.2%)	4.8%	$22.56	+0.8%	CL A	559663109
SDRL	SEADRILL LTD	115,835 (+45.5%)	$4,008 (+66.7%)	1.4%	$25.96	+20.0%	COM	G7997W102
HAFN	HAFNIA LTD	663,093 (+98.5%)	$3,534 (+76.7%)	1.3%	$5.84	+2.1%	SHS	Y2990R101
FTI	TECHNIPFMC PLC	14,500 (+15.4%)	$646 (+30.3%)	0.2%	$30.12	+40.1%	COM	G87110105
NOG	NORTHERN OIL & GAS INC	66,100 (+24.7%)	$1,419 (+8.0%)	0.5%	$25.71	-12.7%	COM	665531307
BOIL	PROSHARES TR II	41,600 (+43.4%)	$953 (+9.5%)	0.3%	$27.84	—	ULTRA BLOOMBERG	74347Y748
DNOW	DNOW INC	52,500 (+11.0%)	$696 (-3.6%)	0.2%	$14.99	-6.3%	COM	67011P100

Exited Positions (22)

IMO IMPERIAL OIL LTD 4.5%

Value ($000) $12,667 Shares 139,600 Est. Cost $70.25 Unrealized +29.1%

DINO HF SINCLAIR CORP 4.4%

Value ($000) $12,316 Shares 235,300 Est. Cost $39.48 Unrealized +29.9%

TDW TIDEWATER INC NEW 3.6%

Value ($000) $10,223 Shares 191,700 Est. Cost $44.50 Unrealized +18.7%

UNG UNITED STS NAT GAS FD LP 3.6%

Value ($000) $10,104 Shares 773,075 Est. Cost $13.07 Unrealized —

RIG TRANSOCEAN LTD 2.9%

Value ($000) $8,217 Shares 2,633,797 Est. Cost $2.72 Unrealized +42.7%

CIVI CIVITAS RESOURCES INC 2.8%

Value ($000) $8,018 Shares 246,700 Est. Cost $29.81 Unrealized -4.3%

PBF PBF ENERGY INC 2.6%

Value ($000) $7,380 Shares 244,600 Est. Cost $26.14 Unrealized +22.5%

KMI KINDER MORGAN INC DEL 2.2%

Value ($000) $6,140 Shares 216,900 Est. Cost $26.76 Unrealized +0.5%

SLB SCHLUMBERGER LTD 2.0%

Value ($000) $5,671 Shares 165,000 Est. Cost $34.34 Unrealized +5.0%

DK DELEK US HLDGS INC NEW 1.8%

Value ($000) $4,986 Shares 154,500 Est. Cost $16.53 Unrealized +115.4%

PR PERMIAN RESOURCES CORP 1.7%

Value ($000) $4,736 Shares 370,000 Est. Cost $13.71 Unrealized -2.1%

EOG EOG RES INC 1.6%

Value ($000) $4,462 Shares 39,800 Est. Cost $124.50 Unrealized -13.9%

HESM HESS MIDSTREAM LP 1.2%

Value ($000) $3,420 Shares 99,000 Est. Cost $35.52 Unrealized -8.2%

OKE ONEOK INC NEW 1.1%

Value ($000) $2,977 Shares 40,800 Est. Cost $75.06 Unrealized -6.1%

TRP TC ENERGY CORP 0.7%

Value ($000) $2,068 Shares 38,000 Est. Cost $50.20 Unrealized +6.3%

MNR MACH NATURAL RESOURCES LP 0.7%

Value ($000) $1,947 Shares 147,700 Est. Cost $13.18 Unrealized —

GPOR GULFPORT ENERGY CORP 0.6%

Value ($000) $1,629 Shares 9,000 Est. Cost $185.04 Unrealized +7.7%

CNX CNX RES CORP 0.3%

Value ($000) $745 Shares 23,200 Est. Cost $30.12 Unrealized +18.9%

WHD CACTUS INC 0.2%

Value ($000) $592 Shares 15,000 Est. Cost $41.74 Unrealized +0.2%

WTTR SELECT WATER SOLUTIONS INC 0.2%

Value ($000) $587 Shares 54,900 Est. Cost $12.22 Unrealized —

NESR NATIONAL ENERGY SERVICES REU 0.2%

Value ($000) $431 Shares 42,000 Est. Cost $8.01 Unrealized +63.9%

ECO OKEANIS ECO TANKERS COR 0.1%

Value ($000) $296 Shares 10,100 Est. Cost $26.04 Unrealized +30.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IMO	IMPERIAL OIL LTD	139,600	$12,667	4.5%	$70.25	+29.1%	—	453038408
DINO	HF SINCLAIR CORP	235,300	$12,316	4.4%	$39.48	+29.9%	—	403949100
TDW	TIDEWATER INC NEW	191,700	$10,223	3.6%	$44.50	+18.7%	—	88642R109
UNG	UNITED STS NAT GAS FD LP	773,075	$10,104	3.6%	$13.07	—	—	912318409
RIG	TRANSOCEAN LTD	2,633,797	$8,217	2.9%	$2.72	+42.7%	—	H8817H100
CIVI	CIVITAS RESOURCES INC	246,700	$8,018	2.8%	$29.81	-4.3%	—	17888H103
PBF	PBF ENERGY INC	244,600	$7,380	2.6%	$26.14	+22.5%	—	69318G106
KMI	KINDER MORGAN INC DEL	216,900	$6,140	2.2%	$26.76	+0.5%	—	49456B101
SLB	SCHLUMBERGER LTD	165,000	$5,671	2.0%	$34.34	+5.0%	—	806857108
DK	DELEK US HLDGS INC NEW	154,500	$4,986	1.8%	$16.53	+115.4%	—	24665A103
PR	PERMIAN RESOURCES CORP	370,000	$4,736	1.7%	$13.71	-2.1%	—	71424F105
EOG	EOG RES INC	39,800	$4,462	1.6%	$124.50	-13.9%	—	26875P101
HESM	HESS MIDSTREAM LP	99,000	$3,420	1.2%	$35.52	-8.2%	—	428103105
OKE	ONEOK INC NEW	40,800	$2,977	1.1%	$75.06	-6.1%	—	682680103
TRP	TC ENERGY CORP	38,000	$2,068	0.7%	$50.20	+6.3%	—	87807B107
MNR	MACH NATURAL RESOURCES LP	147,700	$1,947	0.7%	$13.18	—	—	55445L100
GPOR	GULFPORT ENERGY CORP	9,000	$1,629	0.6%	$185.04	+7.7%	CALL	402635502
CNX	CNX RES CORP	23,200	$745	0.3%	$30.12	+18.9%	—	12653C108
WHD	CACTUS INC	15,000	$592	0.2%	$41.74	+0.2%	—	127203107
WTTR	SELECT WATER SOLUTIONS INC	54,900	$587	0.2%	$12.22	—	—	81617J301
NESR	NATIONAL ENERGY SERVICES REU	42,000	$431	0.2%	$8.01	+63.9%	—	G6375R107
ECO	OKEANIS ECO TANKERS COR	10,100	$296	0.1%	$26.04	+30.2%	—	Y64177101

Decreased Positions (11)

GPOR GULFPORT ENERGY CORP 0.2%

Value ($000) $686 (-93.4%) Shares 3,300 (-94.3%) Est. Cost $185.04 Unrealized +7.7%

CVE CENOVUS ENERGY INC 3.3%

Value ($000) $9,221 (-48.8%) Shares 545,000 (-48.6%) Est. Cost $12.88 Unrealized +34.8%

STNG SCORPIO TANKERS INC 1.2%

Value ($000) $3,375 (-69.3%) Shares 66,400 (-66.1%) Est. Cost $40.42 Unrealized —

FRO FRONTLINE PLC 2.3%

Value ($000) $6,339 (-51.1%) Shares 290,501 (-49.0%) Est. Cost $16.28 Unrealized +43.6%

FANG DIAMONDBACK ENERGY INC 0.9%

Value ($000) $2,541 (-71.1%) Shares 16,900 (-72.5%) Est. Cost $145.69 Unrealized +0.9%

CRK COMSTOCK RES INC 0.4%

Value ($000) $1,076 (-80.4%) Shares 46,400 (-83.2%) Est. Cost $18.94 Unrealized +16.4%

VLO VALERO ENERGY CORP 3.3%

Value ($000) $9,210 (-25.6%) Shares 56,574 (-22.2%) Est. Cost $147.81 Unrealized +14.2%

MTDR MATADOR RES CO 3.8%

Value ($000) $10,712 (-11.9%) Shares 252,400 (-6.8%) Est. Cost $51.36 Unrealized -18.2%

TRMD TORM PLC 0.5%

Value ($000) $1,502 (-41.9%) Shares 76,700 (-38.8%) Est. Cost $15.76 Unrealized +32.0%

BKV BKV CORP 2.1%

Value ($000) $5,910 (-4.3%) Shares 217,683 (-18.4%) Est. Cost $20.86 Unrealized +20.4%

WULF TERAWULF INC 0.2%

Value ($000) $540 (-5.4%) Shares 47,000 (-6.0%) Est. Cost $7.64 Unrealized +75.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GPOR	GULFPORT ENERGY CORP	3,300 (-94.3%)	$686 (-93.4%)	0.2%	$185.04	+7.7%	COMMON SHARES	402635502
CVE	CENOVUS ENERGY INC	545,000 (-48.6%)	$9,221 (-48.8%)	3.3%	$12.88	+34.8%	COM	15135U109
STNG	SCORPIO TANKERS INC	66,400 (-66.1%)	$3,375 (-69.3%)	1.2%	$40.42	—	SHS	Y7542C130
FRO	FRONTLINE PLC	290,501 (-49.0%)	$6,339 (-51.1%)	2.3%	$16.28	+43.6%	COM	M46528101
FANG	DIAMONDBACK ENERGY INC	16,900 (-72.5%)	$2,541 (-71.1%)	0.9%	$145.69	+0.9%	COM	25278X109
CRK	COMSTOCK RES INC	46,400 (-83.2%)	$1,076 (-80.4%)	0.4%	$18.94	+16.4%	COM	205768302
VLO	VALERO ENERGY CORP	56,574 (-22.2%)	$9,210 (-25.6%)	3.3%	$147.81	+14.2%	COM	91913Y100
MTDR	MATADOR RES CO	252,400 (-6.8%)	$10,712 (-11.9%)	3.8%	$51.36	-18.2%	COM	576485205
TRMD	TORM PLC	76,700 (-38.8%)	$1,502 (-41.9%)	0.5%	$15.76	+32.0%	SHS CL A	G89479102
BKV	BKV CORP	217,683 (-18.4%)	$5,910 (-4.3%)	2.1%	$20.86	+20.4%	COM	05603J108
WULF	TERAWULF INC	47,000 (-6.0%)	$540 (-5.4%)	0.2%	$7.64	+75.4%	COM	88080T104