Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q1 2025 ▲▼ | Q2 2025 ▲▼ | Change ▲▼ | Q1 2025 ▲▼ | Q2 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| OR ROYALTIES INC(OR) | 0 | 574,831 | +574,831 | 0 | 14,781 | 1.74% | +14,781 |
| UNITED AIRLINES(UAL) | 1,092,438 | 1,102,816 | +10,378 | 75,433 | 87,817 | 10.34% | +12,384 |
| AMERICAN AIRLINE(AAL) | 7,181,246 | 7,718,224 | +536,978 | 75,762 | 86,598 | 10.20% | +10,836 |
| DELTA AIR LI(DAL) | 1,800,245 | 1,766,167 | -34,078 | 78,491 | 86,860 | 10.23% | +8,369 |
| EMBRAER SA-ADR(EMBJ) | 72,139 | 175,040 | +102,901 | 3,333 | 9,962 | 1.17% | +6,629 |
| ALLIED GOLD CORP(AAUC) | 0 | 451,848 | +451,848 | 0 | 6,071 | 0.71% | +6,071 |
| FRONTIER GROUP H(ULCC) | 3,898,614 | 6,204,862 | +2,306,248 | 16,920 | 22,524 | 2.65% | +5,604 |
| SABRE CORP(SABR) | 4,579,011 | 5,646,761 | +1,067,750 | 12,867 | 17,844 | 2.10% | +4,977 |
| LATAM AIRLINES G(LTM) | 0 | 107,017 | +107,017 | 0 | 4,349 | 0.51% | +4,349 |
| SIBANYE-STI-ADR(SBSW) | 0 | 556,542 | +556,542 | 0 | 4,018 | 0.47% | +4,018 |
| SILVERCORP METAL(SVM) | 320,000 | 1,206,666 | +886,666 | 1,238 | 5,092 | 0.60% | +3,854 |
| AVINO SILVER | 0 | 1,065,432 | +1,065,432 | 0 | 3,836 | 0.45% | +3,836 |
| SUN COUNTRY HOLD | 1,721,538 | 2,076,107 | +354,569 | 21,209 | 24,394 | 2.87% | +3,185 |
| ALASKA AIR GROUP | 427,560 | 479,052 | +51,492 | 21,045 | 23,703 | 2.79% | +2,659 |
| IAMGOLD CORP(IAG) | 200,000 | 500,000 | +300,000 | 1,250 | 3,675 | 0.43% | +2,425 |
| ALLEGIANT TRAVEL(ALGT) | 412,400 | 430,153 | +17,753 | 21,300 | 23,637 | 2.78% | +2,336 |
| TEXTRON INC(TXT) | 204,281 | 212,794 | +8,513 | 14,759 | 17,085 | 2.01% | +2,326 |
| ROYAL GOLD INC(RGLD) | 74,177 | 80,839 | +6,662 | 12,129 | 14,376 | 1.69% | +2,248 |
| HARMONY GOLD MINING CO LTD(HMY) | 150,000 | 307,960 | +157,960 | 2,216 | 4,302 | 0.51% | +2,087 |
| JETBLUE AIRWAYS(JBLU) | 4,010,140 | 5,021,419 | +1,011,279 | 19,329 | 21,241 | 2.50% | +1,912 |
| FRANCO NEV CORP(FNV) | 85,773 | 93,305 | +7,532 | 13,514 | 15,295 | 1.80% | +1,780 |
| ARIS MINING CORP(ARIS) | 0 | 250,000 | +250,000 | 0 | 1,685 | 0.20% | +1,685 |
| GENERAL DYNAMICS(GD) | 57,780 | 59,749 | +1,969 | 15,750 | 17,426 | 2.05% | +1,677 |
| MAG SILVER CORP | 75,000 | 125,000 | +50,000 | 1,146 | 2,641 | 0.31% | +1,495 |
| AGNICO EAGLE MINES LTD(AEM) | 32,500 | 41,500 | +9,000 | 3,523 | 4,936 | 0.58% | +1,412 |
| RYANAIR HLDG-ADR(RYAAY) | 158,533 | 140,783 | -17,750 | 6,717 | 8,119 | 0.96% | +1,402 |
| DRDGOLD LTD-ADR(DRD) | 138,951 | 265,755 | +126,804 | 2,150 | 3,543 | 0.42% | +1,393 |
| DOLLY VARDEN SIL | 0 | 412,500 | +412,500 | 0 | 1,382 | 0.16% | +1,382 |
| COEUR MNG INC(CDE) | 481,000 | 464,000 | -17,000 | 2,848 | 4,111 | 0.48% | +1,264 |
| ROYAL CARIBBEAN GROUP COM | 5,855 | 7,855 | +2,000 | 1,203 | 2,460 | 0.29% | +1,257 |
| NEWMONT CORP(NEM) | 0 | 20,000 | +20,000 | 0 | 1,165 | 0.14% | +1,165 |
| SKYWEST INC(SKYW) | 270,074 | 240,403 | -29,671 | 23,596 | 24,754 | 2.92% | +1,158 |
| BOOKING HOLDINGS(BKNG) | 3,555 | 3,018 | -537 | 16,378 | 17,472 | 2.06% | +1,094 |
| GE VERNOVA INC(GEV) | 0 | 2,000 | +2,000 | 0 | 1,058 | 0.12% | +1,058 |
| LIFE TIME GROUP HOLDINGS INC(LTH) | 0 | 33,600 | +33,600 | 0 | 1,019 | 0.12% | +1,019 |
| AMERICAS GOLD AN | 400,000 | 1,500,000 | +1,100,000 | 214 | 1,213 | 0.14% | +999 |
| CARNIVAL CORP | 73,500 | 86,000 | +12,500 | 1,435 | 2,418 | 0.28% | +983 |
| GOLD FIELDS LTD(GFI) | 65,000 | 100,000 | +35,000 | 1,436 | 2,367 | 0.28% | +931 |
| TRIPLE FLAG(TFPM) | 214,471 | 209,767 | -4,704 | 4,107 | 4,969 | 0.59% | +862 |
| BIRKENSTOCK HOLDING PLC(BIRK) | 0 | 17,500 | +17,500 | 0 | 861 | 0.10% | +861 |
| LULULEMON ATHLETICA INC(LULU) | 0 | 3,200 | +3,200 | 0 | 760 | 0.09% | +760 |
| ANGLOGOLD ASHANTI PLC(AU) | 60,000 | 65,000 | +5,000 | 2,227 | 2,962 | 0.35% | +735 |
| COPA HOLDIN-CL A(CPA) | 40,001 | 40,269 | +268 | 3,698 | 4,428 | 0.52% | +730 |
| VIZSLA SILVER CO(VZLA) | 1,050,000 | 1,050,000 | 0 | 2,400 | 3,102 | 0.37% | +702 |
| TOTALENERGIES SE(TTE) | 4,000 | 15,000 | +11,000 | 259 | 921 | 0.11% | +662 |
| FREEPORT-MCMORAN INC(FCX) | 0 | 15,000 | +15,000 | 0 | 650 | 0.08% | +650 |
| NUTRIEN LTD(NTR) | 17,500 | 25,000 | +7,500 | 869 | 1,456 | 0.17% | +587 |
| TAPESTRY INC(TPR) | 0 | 6,500 | +6,500 | 0 | 571 | 0.07% | +571 |
| TESLA INC(TSLA) | 7,440 | 7,840 | +400 | 1,928 | 2,490 | 0.29% | +562 |
| HECLA MNG CO(HL) | 500,000 | 550,000 | +50,000 | 2,780 | 3,295 | 0.39% | +515 |
| SHELL PLC(SHEL) | 5,000 | 11,000 | +6,000 | 366 | 775 | 0.09% | +408 |
| OSISKO DEVELOPME | 100,000 | 250,000 | +150,000 | 149 | 537 | 0.06% | +388 |
| WHEATON PRECIOUS(WPM) | 161,378 | 143,810 | -17,568 | 12,528 | 12,914 | 1.52% | +386 |
| VOX ROYALTY CORP(VOXR) | 1,600,000 | 1,600,000 | 0 | 4,672 | 5,056 | 0.60% | +384 |
| ICL GROUP LTD(ICL) | 0 | 49,300 | +49,300 | 0 | 339 | 0.04% | +339 |
| GRUPO AEROPO-ADR | 14,233 | 13,279 | -954 | 3,897 | 4,234 | 0.50% | +337 |
| EXPEDIA GROUP IN(EXPE) | 93,639 | 95,298 | +1,659 | 15,741 | 16,075 | 1.89% | +334 |
| TEEKAY CORP LTD SHS | 0 | 40,156 | +40,156 | 0 | 331 | 0.04% | +331 |
| B2GOLD CORP(BTG) | 425,000 | 425,000 | 0 | 1,211 | 1,534 | 0.18% | +323 |
| CHENIERE ENERGY INC(LNG) | 5,000 | 6,000 | +1,000 | 1,157 | 1,461 | 0.17% | +304 |
| ENDEAVOUR SILVER(EXK) | 452,500 | 452,500 | 0 | 1,930 | 2,232 | 0.26% | +301 |
| EXXON MOBIL CORP | 7,000 | 10,500 | +3,500 | 833 | 1,132 | 0.13% | +299 |
| HUDBAY MINERALS INC(HBM) | 95,000 | 95,000 | 0 | 721 | 1,008 | 0.12% | +287 |
| PERPETUA RESOURCES CORP(PPTA) | 30,000 | 50,000 | +20,000 | 321 | 607 | 0.07% | +286 |
| GOLDMAN SACHS GROUP INC(GS) | 2,825 | 2,525 | -300 | 1,543 | 1,787 | 0.21% | +244 |
| WOODSIDE ENERGY GROUP LTD(WDS) | 0 | 15,000 | +15,000 | 0 | 231 | 0.03% | +231 |
| INTEGRA RES CORP(ITRG) | 0 | 150,000 | +150,000 | 0 | 225 | 0.03% | +225 |
| ON HLDG AG(ONON) | 5,350 | 8,650 | +3,300 | 235 | 450 | 0.05% | +215 |
| TRIP.COM GRO-ADR(TCOM) | 120,993 | 134,738 | +13,745 | 7,693 | 7,901 | 0.93% | +208 |
| HILTON WORLDWIDE HLDGS INC(HLT) | 5,150 | 5,150 | 0 | 1,172 | 1,372 | 0.16% | +200 |
| GLOBAL SHIP-CL A COM CL A | 0 | 6,594 | +6,594 | 0 | 173 | 0.02% | +173 |
| PPL CORP(PPL) | 0 | 5,000 | +5,000 | 0 | 169 | 0.02% | +169 |
| TEEKAY TANK-CL A(TNK) | 0 | 3,799 | +3,799 | 0 | 158 | 0.02% | +158 |
| ZIM INTEGRATED S SHS | 16,378 | 24,475 | +8,097 | 239 | 394 | 0.05% | +155 |
| RANGE RES CORP(RRC) | 7,000 | 10,500 | +3,500 | 280 | 427 | 0.05% | +148 |
| NORTHERN TR CORP(NTRS) | 11,950 | 10,450 | -1,500 | 1,179 | 1,325 | 0.16% | +146 |
| VALERO ENERGY CORP(VLO) | 0 | 1,000 | +1,000 | 0 | 134 | 0.02% | +134 |
| IVANHOE ELECTRIC(IE) | 40,000 | 40,000 | 0 | 232 | 363 | 0.04% | +130 |
| SEABRIDGE GOLD INC(SA) | 40,000 | 40,000 | 0 | 467 | 581 | 0.07% | +114 |
| FORTUNA MINING C(FSM) | 576,714 | 553,143 | -23,571 | 3,518 | 3,618 | 0.43% | +100 |
| ANTERO RESOURCES CORP(AR) | 7,500 | 10,000 | +2,500 | 303 | 403 | 0.05% | +100 |
| CAMECO CORP(CCJ) | 2,500 | 2,500 | 0 | 103 | 186 | 0.02% | +83 |
| CORTEVA INC(CTVA) | 6,000 | 6,000 | 0 | 378 | 447 | 0.05% | +70 |
| FEDEX CORP(FDX) | 812 | 1,150 | +338 | 198 | 261 | 0.03% | +63 |
| UNITED PARCEL-B(UPS) | 1,701 | 2,475 | +774 | 187 | 250 | 0.03% | +63 |
| STANDARD LITHIUM LTD(SLI) | 75,000 | 75,000 | 0 | 95 | 147 | 0.02% | +52 |
| ZTO EXPRESS -ADR(ZTO) | 10,101 | 14,048 | +3,947 | 200 | 249 | 0.03% | +49 |
| MGM RESORTS INTERNATIONAL(MGM) | 3,000 | 4,000 | +1,000 | 89 | 138 | 0.02% | +49 |
| EXPEDITORS INTL(EXPD) | 1,683 | 2,179 | +496 | 202 | 249 | 0.03% | +47 |
| LAUDER ESTEE COS INC(EL) | 11,000 | 9,500 | -1,500 | 726 | 768 | 0.09% | +42 |
| PARAMOUNT GOLD NEV CORP(PZG) | 170,000 | 170,000 | 0 | 63 | 104 | 0.01% | +41 |
| MATSON INC(MATX) | 1,009 | 1,497 | +488 | 129 | 167 | 0.02% | +37 |
| TOLL BROTHERS INC(TOL) | 4,350 | 4,350 | 0 | 459 | 496 | 0.06% | +37 |
| TECK RESOURCES LTD(TECK) | 8,500 | 8,500 | 0 | 310 | 343 | 0.04% | +34 |
| NORWEGIAN CRUISE LINE HLDG L SHS | 24,000 | 24,000 | 0 | 455 | 487 | 0.06% | +32 |
| PERMA-PIPE INTL HLDGS INC(PPIH) | 0 | 1,000 | +1,000 | 0 | 23 | 0.00% | +23 |
| SOLITARIO RESOURCES CORP(XPL) | 300,000 | 310,000 | +10,000 | 180 | 202 | 0.02% | +22 |
| BP PLC(BP) | 10,000 | 12,000 | +2,000 | 338 | 359 | 0.04% | +21 |
| ENCORE ENERGY CO(EU) | 100,000 | 50,000 | -50,000 | 133 | 143 | 0.02% | +10 |
| CME GROUP INC(CME) | 461 | 461 | 0 | 122 | 127 | 0.01% | +5 |