Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SUNCOR ENERGY INC NEW(SU) | 52,670,800 | 52,670,800 | 0 | 2,336,477 | 3,482,067 | 21.85% | +1,145,590 |
| PHILLIPS 66(PSX) | 19,251,000 | 19,251,000 | 0 | 2,484,149 | 3,507,147 | 22.01% | +1,022,998 |
| SELECT SECTOR SPDR TR(Put) ST STR DISCR ETF | 0 | 4,300,000 | +4,300,000 | 0 | 468,614 | — | +468,614 |
| ISHARES TR(Put) | 0 | 5,000,000 | +5,000,000 | 0 | 397,800 | — | +397,800 |
| NORWEGIAN CRUISE LINE HLDGS SHS | 0 | 13,186,000 | +13,186,000 | 0 | 246,578 | 1.55% | +246,578 |
| HEWLETT PACKARD ENTERPRISE C(HPE) | 18,630,978 | 27,421,735 | +8,790,757 | 447,516 | 652,912 | 4.10% | +205,395 |
| VANECK ETF TRUST(Call) GOLD MINERS ETF | 0 | 2,000,000 | +2,000,000 | 0 | 183,540 | — | +183,540 |
| TRIPLE FLAG PRECIOUS METAL(TFPM) | 133,815,727 | 133,248,215 | -567,512 | 4,445,358 | 4,625,046 | 29.03% | +179,687 |
| UNITI GROUP LLC(UNIT) | 59,012,219 | 59,012,219 | 0 | 413,676 | 553,535 | 3.47% | +139,859 |
| ISHARES TR(Put) | 0 | 500,000 | +500,000 | 0 | 124,000 | — | +124,000 |
| DIGITAL RLTY TR INC(DLR)(Put) | 1,000,000 | 1,500,000 | +500,000 | 154,710 | 270,315 | — | +115,605 |
| TRANSOCEAN LTD(RIG) | 0 | 15,626,834 | +15,626,834 | 0 | 103,606 | 0.65% | +103,606 |
| SEADRILL LTD(SDRL) | 4,558,758 | 4,719,085 | +160,327 | 157,733 | 214,718 | 1.35% | +56,985 |
| SELECT SECTOR SPDR TR(Put) ST STR INDL ETF | 7,500,000 | 7,500,000 | 0 | 1,163,400 | 1,212,975 | — | +49,575 |
| FORTIVE CORP(FTV)(Put) | 0 | 750,000 | +750,000 | 0 | 41,460 | — | +41,460 |
| EQUINIX INC(EQIX) | 150,000 | 150,000 | 0 | 114,924 | 147,036 | 0.92% | +32,112 |
| EMERSON ELEC CO(EMR)(Put) | 0 | 200,000 | +200,000 | 0 | 26,204 | — | +26,204 |
| PEPSICO INC(PEP) | 1,275,000 | 1,275,000 | 0 | 182,988 | 197,995 | 1.24% | +15,007 |
| WHEATON PRECIOUS METALS CORP(WPM)(Call) | 0 | 100,000 | +100,000 | 0 | 13,101 | — | +13,101 |
| HDFC BANK LTD(HDB) | 216,756 | 797,085 | +580,329 | 7,920 | 19,831 | 0.12% | +11,911 |
| OR ROYALTIES INC.(OR) | 3,111,000 | 3,111,000 | 0 | 110,098 | 118,280 | 0.74% | +8,182 |
| SPDR SERIES TRUST(Put) ST STR SP METAL | 900,000 | 900,000 | 0 | 93,249 | 97,209 | — | +3,960 |
| GCI LIBERTY INC(GLIBA) | 659,928 | 659,928 | 0 | 24,556 | 24,556 | 0.15% | 0 |
| FS KKR CAP CORP(FSK) | 264,850 | 0 | -264,850 | 3,922 | 0 | — | -3,922 |
| WAYFAIR INC(W) | 0 | 0 | 0 | 34,327 | 26,246 | 0.16% | -8,081 |
| CROWN CASTLE INC(CCI) | 1,225,000 | 1,225,000 | 0 | 108,866 | 99,605 | 0.63% | -9,261 |
| STRATEGY INC(MSTR) | 0 | 0 | 0 | 22,709 | 11,539 | 0.07% | -11,170 |
| ETSY INC(ETSY) | 5,000,000 | 5,000,000 | 0 | 277,200 | 249,900 | 1.57% | -27,300 |
| ISHARES TR(Put) | 300,000 | 0 | -300,000 | 31,707 | 0 | — | -31,707 |
| ISHARES TR(Call) | 1,000,000 | 0 | -1,000,000 | 105,690 | 0 | — | -105,690 |
| SENSATA TECHNOLOGIES HLDG PL SHS | 3,250,000 | 0 | -3,250,000 | 108,193 | 0 | — | -108,192 |
| BILL HOLDINGS INC | 3,000,000 | 0 | -3,000,000 | 163,620 | 0 | — | -163,620 |
| PINTEREST INC(PINS) | 28,000,000 | 28,000,000 | 0 | 724,920 | 513,520 | 3.22% | -211,400 |
| SPDR SERIES TRUST(Put) SP O&G EXPL PRO | 2,398,400 | 0 | -2,398,400 | 302,822 | 0 | — | -302,822 |
| ISHARES TR | 3,800,000 | 0 | -3,800,000 | 306,394 | 0 | — | -306,394 |
| ISHARES TR(Put) | 2,800,000 | 1,000,000 | -1,800,000 | 588,952 | 213,670 | — | -375,282 |
| NVIDIA CORPORATION(NVDA)(Put) | 3,000,000 | 0 | -3,000,000 | 559,500 | 0 | — | -559,500 |
| INVESCO QQQ TR(Call) | 1,000,000 | 0 | -1,000,000 | 614,310 | 0 | — | -614,310 |
| INVESCO QQQ TR(Put) | 1,500,000 | 400,000 | -1,100,000 | 921,465 | 230,872 | — | -690,593 |
| SELECT SECTOR SPDR TR(Put) ST STR ENERG ETF | 16,000,000 | 0 | -16,000,000 | 715,360 | 0 | — | -715,360 |
| SELECT SECTOR SPDR TR(Put) ST STR STAPL ETF | 20,000,000 | 9,140,000 | -10,860,000 | 1,553,600 | 749,297 | — | -804,303 |
| SOUTHWEST AIRLS CO(LUV) | 51,128,500 | 30,346,000 | -20,782,500 | 2,113,141 | 1,140,099 | 7.16% | -973,042 |
| VANECK ETF TRUST(Put) GOLD MINERS ETF | 14,000,000 | 1,650,000 | -12,350,000 | 1,200,780 | 151,421 | — | -1,049,359 |