Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
14
Top-10 weight
95.19%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
9
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
186.5
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | U.S. Treasury Bills | B | 55,000,000 | $54.57M | 31.30% |
| 2 | U.S. Treasury Bills | B | 40,000,000 | $39.94M | 22.90% |
| 3 | U.S. Treasury Bills | B | 37,000,000 | $36.79M | 21.10% |
| 4 | Silver Futures Contracts | SIN6 | 48 | $22.46M | 12.88% |
| 5 | Brent Crude Future | CON6 | 202 | $19.43M | 11.14% |
| 6 | WTI CRUDE SEP 26 | XBN6 | 172 | $17.44M | 10.00% |
| 7 | WTI CRUDE SEP 26 | XBN6 | 357 | $10.30M | 5.91% |
| 8 | Silver Futures Contracts | SIN6 | 63 | $8.84M | 5.07% |
| 9 | Low Su Gasoil G May26 | QSK6 | 70 | $8.67M | 4.98% |
| 10 | WHEAT SEP 26 | WU6 | 145 | $8.49M | 4.87% |
| 11 | WHEAT SEP 26 | WU6 | 358 | $8.19M | 4.70% |
| 12 | LME PRI ALUM FUTR MAY26 XLME 20260518 | — | 78 | $6.83M | 3.92% |
| 13 | WTI CRUDE SEP 26 | XBN6 | 37 | $6.39M | 3.67% |
| 14 | WTI CRUDE SEP 26 | XBN6 | 43 | $5.79M | 3.32% |
| 15 | ZCS BRL 14.0087 05/12/25-01/04/27 CME | XASH6 INDEX | 59 | $5.74M | 3.29% |
| 16 | WHEAT SEP 26 | WU6 | 138 | $5.70M | 3.27% |
| 17 | Silver Futures Contracts | SIN6 | 15 | $5.62M | 3.22% |
| 18 | WHEAT SEP 26 | WU6 | 152 | $4.68M | 2.69% |
| 19 | Sugar #11 (World) Future | SBN6 | 254 | $4.42M | 2.53% |
| 20 | WHEAT SEP 26 | WU6 | 139 | $4.40M | 2.52% |
| 21 | LME ZINC FUTURE MAY26 XLME 20260518 | — | 42 | $3.40M | 1.95% |
| 22 | Sugar #11 (World) Future | SBN6 | 30 | $3.36M | 1.93% |
| 23 | ZCS BRL 14.0087 05/12/25-01/04/27 CME | XASH6 INDEX | 76 | $3.19M | 1.83% |
| 24 | LME NICKEL FUTURE MAY26 XLME 20260518 | — | 31 | $3.17M | 1.82% |
| 25 | WHEAT SEP 26 | WU6 | 97 | $3.08M | 1.77% |
| 26 | Sugar #11 (World) Future | SBN6 | 71 | $2.48M | 1.43% |
| 27 | Sugar #11 (World) Future | SBN6 | 42 | $1.39M | 0.79% |
| 28 | LME Lead Future | — | 28 | $1.32M | 0.76% |
| 29 | LME Lead Future | — | -1 | -$47.11K | -0.03% |
| 30 | LME ZINC FUTURE MAY26 XLME 20260518 | — | -1 | -$81.02K | -0.05% |
| 31 | LME NICKEL FUTURE MAY26 XLME 20260518 | — | -1 | -$102.16K | -0.06% |
| 32 | LME PRI ALUM FUTR MAY26 XLME 20260518 | — | -3 | -$262.80K | -0.15% |
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