Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| KODIAK GAS SVCS INC(KGS) | 420,000 | 1,096,000 | +676,000 | 15,527 | 40,990 | 32.73% | +25,463 |
| VISTRA CORP(VST)(Call) | 0 | 140,000 | +140,000 | 0 | 22,586 | — | +22,586 |
| KODIAK GAS SVCS INC(KGS)(Put) | 450,000 | 1,001,100 | +551,100 | 16,637 | 37,441 | — | +20,805 |
| SPDR S&P 500 ETF TR(SPY)(Put) | 50,000 | 77,500 | +27,500 | 33,309 | 52,849 | — | +19,540 |
| ISHARES TR(Put) | 0 | 75,000 | +75,000 | 0 | 18,462 | — | +18,462 |
| CAMECO CORP(CCJ)(Put) | 0 | 150,000 | +150,000 | 0 | 13,724 | — | +13,724 |
| WILLIAMS COS INC(WMB)(Put) | 125,000 | 350,000 | +225,000 | 7,919 | 21,039 | — | +13,120 |
| CAMECO CORP(CCJ) | 0 | 130,000 | +130,000 | 0 | 11,894 | 9.50% | +11,894 |
| WILLIAMS COS INC(WMB) | 135,000 | 328,000 | +193,000 | 8,552 | 19,716 | 15.74% | +11,164 |
| IVANHOE ELECTRIC INC(IE) | 500,000 | 950,025 | +450,025 | 6,275 | 15,181 | 12.12% | +8,906 |
| IVANHOE ELECTRIC INC(IE)(Put) | 530,000 | 800,000 | +270,000 | 6,652 | 12,784 | — | +6,133 |
| XPLR INFRASTRUCTURE LP(XIFR) | 1,500,000 | 2,100,000 | +600,000 | 15,255 | 21,000 | 16.77% | +5,745 |
| XPLR INFRASTRUCTURE LP(XIFR)(Put) | 1,600,000 | 2,200,000 | +600,000 | 16,272 | 22,000 | — | +5,728 |
| AES CORP(AES) | 0 | 300,000 | +300,000 | 0 | 4,302 | 3.43% | +4,302 |
| VENTURE GLOBAL INC(VG)(Put) | 0 | 625,000 | +625,000 | 0 | 4,263 | — | +4,263 |
| NEXTDECADE CORP(NEXT)(Put) | 0 | 700,000 | +700,000 | 0 | 3,689 | — | +3,689 |
| CAMECO CORP(CCJ)(Call) | 0 | 40,000 | +40,000 | 0 | 3,660 | — | +3,660 |
| NEXTDECADE CORP(NEXT) | 0 | 600,000 | +600,000 | 0 | 3,162 | 2.52% | +3,162 |
| XPLR INFRASTRUCTURE LP(XIFR)(Call) | 0 | 150,000 | +150,000 | 0 | 1,500 | — | +1,500 |
| NUSCALE PWR CORP(SMR)(Put) | 0 | 80,000 | +80,000 | 0 | 1,134 | — | +1,134 |
| ANTERO RESOURCES CORP(AR)(Call) | 225,000 | 250,000 | +25,000 | 7,551 | 8,615 | — | +1,064 |
| ISHARES BITCOIN TRUST ETF(IBIT)(Put) | 28,500 | 0 | -28,500 | 1,853 | 0 | — | -1,852 |
| CORE SCIENTIFIC INC NEW(CORZ)(Put) | 150,000 | 0 | -150,000 | 2,691 | 0 | — | -2,691 |
| CONSTELLATION ENERGY CORP(CEG)(Call) | 10,000 | 0 | -10,000 | 3,291 | 0 | — | -3,291 |
| IVANHOE ELECTRIC INC(IE)(Call) | 300,000 | 0 | -300,000 | 3,765 | 0 | — | -3,765 |
| VERTIV HOLDINGS CO(VRT) | 47,150 | 17,500 | -29,650 | 7,113 | 2,835 | 2.26% | -4,278 |
| CORE SCIENTIFIC INC NEW(CORZ) | 259,000 | 0 | -259,000 | 4,646 | 0 | — | -4,646 |
| EXPAND ENERGY CORPORATION(EXE) | 45,200 | 0 | -45,200 | 4,802 | 0 | — | -4,802 |
| EXPAND ENERGY CORPORATION(EXE)(Call) | 50,000 | 0 | -50,000 | 5,312 | 0 | — | -5,312 |
| EXPAND ENERGY CORPORATION(EXE)(Put) | 50,000 | 0 | -50,000 | 5,312 | 0 | — | -5,312 |
| HUT 8 CORP(HUT) | 200,000 | 18,000 | -182,000 | 6,962 | 827 | 0.66% | -6,135 |
| TALEN ENERGY CORP(TLN)(Call) | 15,000 | 0 | -15,000 | 6,381 | 0 | — | -6,381 |
| SPDR GOLD TR(GLD) | 18,750 | 0 | -18,750 | 6,665 | 0 | — | -6,665 |
| HUT 8 CORP(HUT)(Put) | 200,000 | 0 | -200,000 | 6,962 | 0 | — | -6,962 |
| CONSTELLATION ENERGY CORP(CEG) | 28,050 | 4,500 | -23,550 | 9,230 | 1,590 | 1.27% | -7,641 |
| ISHARES TR | 100,000 | 0 | -100,000 | 8,119 | 0 | — | -8,119 |
| CONSTELLATION ENERGY CORP(CEG)(Put) | 25,000 | 0 | -25,000 | 8,227 | 0 | — | -8,227 |
| SPDR GOLD TR(GLD)(Put) | 25,000 | 0 | -25,000 | 8,887 | 0 | — | -8,887 |
| ANTERO MIDSTREAM CORP(AM) | 510,000 | 0 | -510,000 | 9,914 | 0 | — | -9,914 |
| ANTERO MIDSTREAM CORP(AM)(Put) | 600,000 | 0 | -600,000 | 11,664 | 0 | — | -11,664 |
| KODIAK GAS SVCS INC(KGS)(Call) | 361,000 | 0 | -361,000 | 13,346 | 0 | — | -13,346 |
| TALEN ENERGY CORP(TLN) | 40,960 | 10,000 | -30,960 | 17,424 | 3,748 | 2.99% | -13,675 |
| SPDR GOLD TR(GLD)(Call) | 40,000 | 0 | -40,000 | 14,219 | 0 | — | -14,219 |
| TALEN ENERGY CORP(TLN)(Put) | 35,000 | 0 | -35,000 | 14,888 | 0 | — | -14,888 |
| EQT CORP(EQT) | 465,000 | 0 | -465,000 | 25,310 | 0 | — | -25,310 |
| VISTRA CORP(VST)(Put) | 133,000 | 0 | -133,000 | 26,057 | 0 | — | -26,057 |
| EQT CORP(EQT)(Put) | 500,000 | 0 | -500,000 | 27,215 | 0 | — | -27,215 |
| VISTRA CORP(VST) | 142,400 | 0 | -142,400 | 27,899 | 0 | — | -27,899 |
| ISHARES TR(Put) | 295,400 | 0 | -295,400 | 28,494 | 0 | — | -28,494 |
| ISHARES TR(Put) | 750,000 | 0 | -750,000 | 60,893 | 0 | — | -60,892 |