Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q1 2025 ▲▼ | Q2 2025 ▲▼ | Change ▲▼ | Q1 2025 ▲▼ | Q2 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SPDR S&P 500 ETF TR(SPY)(Put) | 75,000 | 300,000 | +225,000 | 41,954 | 185,355 | — | +143,401 |
| VISTRA CORP(VST)(Put) | 60,000 | 170,000 | +110,000 | 7,046 | 32,948 | — | +25,901 |
| EQT CORP(EQT)(Put) | 100,000 | 480,000 | +380,000 | 5,343 | 27,994 | — | +22,651 |
| TALEN ENERGY CORP(TLN)(Put) | 0 | 60,000 | +60,000 | 0 | 17,446 | — | +17,446 |
| EQT CORP(EQT) | 210,000 | 465,000 | +255,000 | 11,220 | 27,119 | 15.47% | +15,899 |
| CHENIERE ENERGY INC(LNG)(Put) | 0 | 60,000 | +60,000 | 0 | 14,611 | — | +14,611 |
| VERTIV HOLDINGS CO(VRT)(Put) | 0 | 110,000 | +110,000 | 0 | 14,125 | — | +14,125 |
| WILLIAMS COS INC(WMB)(Put) | 0 | 200,000 | +200,000 | 0 | 12,562 | — | +12,562 |
| SPDR GOLD TR(GLD)(Put) | 0 | 40,000 | +40,000 | 0 | 12,193 | — | +12,193 |
| CHENIERE ENERGY INC(LNG) | 0 | 50,000 | +50,000 | 0 | 12,176 | 6.95% | +12,176 |
| VISTRA CORP(VST) | 136,000 | 142,400 | +6,400 | 15,972 | 27,599 | 15.74% | +11,627 |
| CONSTELLATION ENERGY CORP(CEG)(Put) | 0 | 36,000 | +36,000 | 0 | 11,619 | — | +11,619 |
| SPDR GOLD TR(GLD) | 0 | 36,040 | +36,040 | 0 | 10,986 | 6.27% | +10,986 |
| CAMECO CORP(CCJ)(Put) | 0 | 140,000 | +140,000 | 0 | 10,392 | — | +10,392 |
| SPDR GOLD TR(GLD)(Call) | 0 | 32,500 | +32,500 | 0 | 9,907 | — | +9,907 |
| KODIAK GAS SVCS INC(KGS)(Put) | 0 | 275,000 | +275,000 | 0 | 9,424 | — | +9,424 |
| ISHARES TR(Put) | 650,000 | 750,000 | +100,000 | 51,279 | 60,488 | — | +9,209 |
| ANTERO RESOURCES CORP(AR)(Call) | 0 | 225,000 | +225,000 | 0 | 9,063 | — | +9,063 |
| XPLR INFRASTRUCTURE LP(XIFR)(Put) | 0 | 1,100,000 | +1,100,000 | 0 | 9,020 | — | +9,020 |
| EXPAND ENERGY CORPORATION(EXE) | 0 | 75,000 | +75,000 | 0 | 8,771 | 5.00% | +8,771 |
| EXPAND ENERGY CORPORATION(EXE)(Put) | 0 | 75,000 | +75,000 | 0 | 8,771 | — | +8,771 |
| GE VERNOVA INC(GEV)(Put) | 0 | 16,500 | +16,500 | 0 | 8,731 | — | +8,731 |
| FREEPORT-MCMORAN INC(FCX)(Put) | 0 | 200,000 | +200,000 | 0 | 8,670 | — | +8,670 |
| VERTIV HOLDINGS CO(VRT) | 0 | 65,300 | +65,300 | 0 | 8,385 | 4.78% | +8,385 |
| GE VERNOVA INC(GEV) | 0 | 15,000 | +15,000 | 0 | 7,937 | 4.53% | +7,937 |
| CAMECO CORP(CCJ) | 0 | 105,000 | +105,000 | 0 | 7,794 | 4.45% | +7,794 |
| WILLIAMS COS INC(WMB) | 0 | 113,000 | +113,000 | 0 | 7,098 | 4.05% | +7,098 |
| CONSTELLATION ENERGY CORP(CEG) | 0 | 21,800 | +21,800 | 0 | 7,036 | 4.01% | +7,036 |
| KODIAK GAS SVCS INC(KGS) | 0 | 200,000 | +200,000 | 0 | 6,854 | 3.91% | +6,854 |
| XPLR INFRASTRUCTURE LP(XIFR) | 0 | 753,125 | +753,125 | 0 | 6,176 | 3.52% | +6,176 |
| GLOBAL X FDS(Put) GLOBAL X URANIUM | 0 | 150,000 | +150,000 | 0 | 5,822 | — | +5,822 |
| TALEN ENERGY CORP(TLN)(Call) | 0 | 20,000 | +20,000 | 0 | 5,815 | — | +5,815 |
| NRG ENERGY INC(NRG)(Put) | 0 | 32,500 | +32,500 | 0 | 5,219 | — | +5,219 |
| FREEPORT-MCMORAN INC(FCX) | 0 | 119,400 | +119,400 | 0 | 5,176 | 2.95% | +5,176 |
| HUT 8 CORP(HUT)(Call) | 0 | 250,000 | +250,000 | 0 | 4,650 | — | +4,650 |
| FIRST SOLAR INC(FSLR)(Call) | 0 | 23,000 | +23,000 | 0 | 3,807 | — | +3,807 |
| TALEN ENERGY CORP(TLN) | 61,500 | 55,000 | -6,500 | 12,280 | 15,992 | 9.12% | +3,713 |
| NRG ENERGY INC(NRG) | 0 | 21,500 | +21,500 | 0 | 3,452 | 1.97% | +3,452 |
| CORE SCIENTIFIC INC NEW(CORZ)(Call) | 0 | 200,000 | +200,000 | 0 | 3,414 | — | +3,414 |
| NGL ENERGY PARTNERS LP(NGL)(Put) | 178,700 | 0 | -178,700 | 811 | 0 | — | -811 |
| NGL ENERGY PARTNERS LP(NGL)(Call) | 610,300 | 350,000 | -260,300 | 2,771 | 1,495 | — | -1,276 |
| ISHARES TR | 138,000 | 100,000 | -38,000 | 10,887 | 8,065 | 4.60% | -2,822 |
| ANTERO MIDSTREAM CORP(AM)(Put) | 300,000 | 0 | -300,000 | 5,400 | 0 | — | -5,400 |
| ALPS ETF TR ALERIAN MLP | 109,397 | 0 | -109,397 | 5,682 | 0 | — | -5,682 |
| TECK RESOURCES LTD(TECK)(Put) | 350,000 | 165,000 | -185,000 | 12,751 | 6,663 | — | -6,088 |
| TECK RESOURCES LTD(TECK) | 305,000 | 116,100 | -188,900 | 11,111 | 4,688 | 2.67% | -6,423 |
| FREEPORT-MCMORAN INC(FCX)(Call) | 250,000 | 0 | -250,000 | 9,465 | 0 | — | -9,465 |
| EQT CORP(EQT)(Call) | 300,000 | 0 | -300,000 | 16,029 | 0 | — | -16,029 |
| ANTERO MIDSTREAM CORP(AM) | 900,000 | 0 | -900,000 | 16,200 | 0 | — | -16,200 |
| ENERGY TRANSFER L P(ET)(Put) | 875,000 | 0 | -875,000 | 16,266 | 0 | — | -16,266 |
| ALPS ETF TR(Put) ALERIAN MLP | 400,000 | 0 | -400,000 | 20,776 | 0 | — | -20,776 |
| GENERAL MTRS CO(GM)(Call) | 500,000 | 0 | -500,000 | 23,515 | 0 | — | -23,515 |
| FORD MTR CO(F)(Call) | 5,000,000 | 0 | -5,000,000 | 50,150 | 0 | — | -50,150 |