Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SPDR S&P 500 ETF TR(SPY)(Put) | 600 | 143,900 | +143,300 | 400 | 98,128 | — | +97,729 |
| VANECK ETF TRUST(Put) JUNIOR GOLD MINE | 0 | 240,000 | +240,000 | 0 | 27,307 | — | +27,307 |
| STRATEGY INC(MSTR)(Put) | 0 | 104,400 | +104,400 | 0 | 15,864 | — | +15,864 |
| BKV CORP(BKV) | 279,857 | 554,857 | +275,000 | 6,473 | 15,064 | 4.96% | +8,591 |
| CENTRUS ENERGY CORP(LEU)(Put) | 0 | 32,400 | +32,400 | 0 | 7,865 | — | +7,865 |
| NEWMONT CORP(NEM)(Put) | 0 | 74,500 | +74,500 | 0 | 7,439 | — | +7,439 |
| NATIONAL ENERGY SERVICES REU SHS | 1,488,697 | 1,415,124 | -73,573 | 15,274 | 22,161 | 7.29% | +6,887 |
| BORR DRILLING LTD(BORR) | 0 | 1,385,000 | +1,385,000 | 0 | 5,582 | 1.84% | +5,582 |
| BLOOM ENERGY CORP | 0 | 46,000 | +46,000 | 0 | 3,997 | 1.32% | +3,997 |
| TERAWULF INC(WULF) | 0 | 250,000 | +250,000 | 0 | 2,873 | 0.95% | +2,873 |
| PROPETRO HLDG CORP(PUMP) | 0 | 300,000 | +300,000 | 0 | 2,853 | 0.94% | +2,853 |
| SIBANYE STILLWATER LTD(SBSW) | 0 | 200,000 | +200,000 | 0 | 2,850 | 0.94% | +2,850 |
| HUT 8 CORP(HUT) | 70,000 | 115,000 | +45,000 | 2,437 | 5,283 | 1.74% | +2,846 |
| CORE NATURAL RESOURCES INC(CNR) | 60,000 | 85,000 | +25,000 | 5,009 | 7,523 | 2.48% | +2,515 |
| EQT CORP(EQT) | 25,000 | 72,000 | +47,000 | 1,361 | 3,859 | 1.27% | +2,498 |
| OKEANIS ECO TANKERS COR SHS | 0 | 72,500 | +72,500 | 0 | 2,453 | 0.81% | +2,453 |
| AGNICO EAGLE MINES LTD(AEM)(Put) | 0 | 14,300 | +14,300 | 0 | 2,424 | — | +2,424 |
| ENCORE ENERGY CORP | 300,000 | 1,300,000 | +1,000,000 | 963 | 3,224 | 1.06% | +2,261 |
| BARRICK MNG CORP(B) | 0 | 45,000 | +45,000 | 0 | 1,960 | 0.65% | +1,960 |
| DHT HOLDINGS INC(DHT) | 0 | 155,000 | +155,000 | 0 | 1,893 | 0.62% | +1,893 |
| FREEPORT-MCMORAN INC(FCX) | 80,000 | 95,000 | +15,000 | 3,138 | 4,825 | 1.59% | +1,687 |
| TETRA TECHNOLOGIES INC DEL(TTI) | 0 | 175,000 | +175,000 | 0 | 1,640 | 0.54% | +1,640 |
| FRONTLINE PLC(FRO) | 120,000 | 200,000 | +80,000 | 2,735 | 4,364 | 1.44% | +1,629 |
| WEATHERFORD INTL PLC(WFRD) | 25,000 | 42,500 | +17,500 | 1,711 | 3,326 | 1.09% | +1,615 |
| EXCELERATE ENERGY INC(EE) | 180,000 | 205,000 | +25,000 | 4,534 | 5,750 | 1.89% | +1,216 |
| PERPETUA RESOURCES CORP(PPTA) | 0 | 50,000 | +50,000 | 0 | 1,211 | 0.40% | +1,211 |
| CAMECO CORP(CCJ) | 68,460 | 73,460 | +5,000 | 5,741 | 6,721 | 2.21% | +980 |
| IAMGOLD CORP(IAG) | 225,000 | 225,000 | 0 | 2,909 | 3,710 | 1.22% | +801 |
| TERRA INNOVATUM GLOBAL NV | 0 | 150,000 | +150,000 | 0 | 693 | 0.23% | +693 |
| HECLA MNG CO(HL) | 0 | 31,951 | +31,951 | 0 | 613 | 0.20% | +613 |
| SOLARIS ENERGY INFRAS INC(SEI) | 139,472 | 129,472 | -10,000 | 5,575 | 5,952 | 1.96% | +377 |
| DIAMONDBACK ENERGY INC(FANG) | 11,250 | 11,250 | 0 | 1,610 | 1,691 | 0.56% | +81 |
| ISHARES TR(Put) | 1,000 | 0 | -1,000 | 242 | 0 | — | -242 |
| GULFPORT ENERGY CORP(GPOR) | 22,000 | 17,000 | -5,000 | 3,982 | 3,536 | 1.16% | -446 |
| PEABODY ENERGY CORP(BTU) | 79,246 | 50,000 | -29,246 | 2,102 | 1,485 | 0.49% | -617 |
| INNOVEX INTERNATIONAL INC(INVX) | 100,000 | 50,000 | -50,000 | 1,854 | 1,094 | 0.36% | -760 |
| DENISON MINES CORP(DNN) | 1,700,000 | 1,400,000 | -300,000 | 4,675 | 3,724 | 1.23% | -951 |
| WHEATON PRECIOUS METALS CORP(WPM) | 35,000 | 25,000 | -10,000 | 3,914 | 2,938 | 0.97% | -976 |
| SABLE OFFSHORE CORP | 64,717 | 0 | -64,717 | 1,130 | 0 | — | -1,130 |
| VANECK ETF TRUST GOLD MINERS ETF | 15,202 | 0 | -15,202 | 1,161 | 0 | — | -1,161 |
| NEXGEN ENERGY LTD(NXE) | 550,000 | 400,000 | -150,000 | 4,923 | 3,680 | 1.21% | -1,242 |
| GENCO SHIPPING & TRADING LTD(GNK) | 75,000 | 0 | -75,000 | 1,335 | 0 | — | -1,335 |
| DELEK US HLDGS INC NEW(DK) | 150,000 | 117,500 | -32,500 | 4,841 | 3,485 | 1.15% | -1,355 |
| CIVITAS RESOURCES INC | 50,000 | 0 | -50,000 | 1,625 | 0 | — | -1,625 |
| RAMACO RES INC | 50,000 | 0 | -50,000 | 1,660 | 0 | — | -1,659 |
| FRANCO NEV CORP(FNV) | 8,000 | 0 | -8,000 | 1,783 | 0 | — | -1,783 |
| GLOBAL X FDS GLOBAL X SILVER | 25,000 | 0 | -25,000 | 1,791 | 0 | — | -1,791 |
| CORE SCIENTIFIC INC NEW(CORZ) | 100,000 | 0 | -100,000 | 1,794 | 0 | — | -1,794 |
| NAVIOS MARITIME PARTNERS L P(NMM) | 40,000 | 0 | -40,000 | 1,802 | 0 | — | -1,802 |
| LIBERTY ENERGY INC(LBRT) | 150,000 | 0 | -150,000 | 1,851 | 0 | — | -1,851 |
| UR-ENERGY INC | 1,050,000 | 0 | -1,050,000 | 1,880 | 0 | — | -1,879 |
| WATERBRIDGE INFRASTRUCTURE L(WBI) | 80,000 | 0 | -80,000 | 2,018 | 0 | — | -2,018 |
| OKLO INC(OKLO) | 22,075 | 0 | -22,075 | 2,464 | 0 | — | -2,464 |
| CENOVUS ENERGY INC(CVE) | 320,000 | 165,000 | -155,000 | 5,437 | 2,792 | 0.92% | -2,645 |
| INTERNATIONAL SEAWAYS INC(INSW) | 60,000 | 0 | -60,000 | 2,765 | 0 | — | -2,765 |
| EXPRO GROUP HOLDINGS NV | 250,000 | 0 | -250,000 | 2,970 | 0 | — | -2,970 |
| PAN AMERN SILVER CORP(PAAS) | 80,000 | 0 | -80,000 | 3,098 | 0 | — | -3,098 |
| ORLA MNG LTD NEW(ORLA) | 356,342 | 0 | -356,342 | 3,848 | 0 | — | -3,848 |
| GOLAR LNG LTD SHS | 120,000 | 0 | -120,000 | 4,849 | 0 | — | -4,849 |