Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
61
Top-10 weight
46.09%
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.
31
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.
648.2
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | EXXON MOBIL CORP | — | 668,900 | $94.58M | 7.94% |
| 2 | CORTEVA INC | — | 1,266,100 | $92.17M | 7.73% |
| 3 | NUTRIEN LTD | — | 906,383 | $62.40M | 5.24% |
| 4 | CHEVRON CORP | — | 340,330 | $60.20M | 5.05% |
| 5 | ARCHER DANIELS MIDLAND CO | — | 773,500 | $52.06M | 4.37% |
| 6 | BUNGE GLOBAL SA | — | 443,900 | $50.55M | 4.24% |
| 7 | Fidelity Securities Lending Cash Central Fund | — | 43,091,658 | $43.10M | 3.62% |
| 8 | SHELL PLC | — | 1,070,273 | $41.14M | 3.45% |
| 9 | AGNICO EAGLE MINES LTD | — | 210,800 | $40.07M | 3.36% |
| 10 | VALE SA | — | 2,065,900 | $33.10M | 2.78% |
| 11 | IMPERIAL OIL LTD | — | 323,800 | $32.71M | 2.74% |
| 12 | ZIJIN MINING-H | — | 6,012,000 | $32.25M | 2.71% |
| 13 | WHEATON PRECIOUS METALS CORP | — | 215,700 | $28.42M | 2.38% |
| 14 | FRANCO-NEVADA CORP | — | 116,371 | $27.24M | 2.29% |
| 15 | Fidelity Cash Central Fund | — | 25,896,623 | $25.90M | 2.17% |
| 16 | MMG | — | 19,140,000 | $25.21M | 2.12% |
| 17 | BHP GROUP LTD | — | 714,971 | $24.63M | 2.07% |
| 18 | CAN NATURAL RES | — | 659,700 | $24.53M | 2.06% |
| 19 | UPM-KYMMENE OYJ | — | 831,300 | $22.93M | 1.92% |
| 20 | ANGLOGOLD ASHANTI PLC | — | 250,700 | $22.60M | 1.90% |
| 21 | GLENCORE PLC | — | 3,078,100 | $20.98M | 1.76% |
| 22 | NUCOR CORP | — | 113,300 | $20.14M | 1.69% |
| 23 | STEEL DYNAMICS INC | — | 111,100 | $19.95M | 1.67% |
| 24 | FIRST QUANTUM | — | 642,171 | $18.15M | 1.52% |
| 25 | BARRICK MINING CORP | — | 385,000 | $17.60M | 1.48% |
| 26 | BP PLC | — | 2,656,300 | $16.84M | 1.41% |
| 27 | LUNDIN MINING CORP | — | 651,900 | $16.45M | 1.38% |
| 28 | ANTOFAGASTA PLC | — | 328,800 | $16.41M | 1.38% |
| 29 | DIAMONDBACK ENERGY INC | — | 93,600 | $15.35M | 1.29% |
| 30 | YARA INTL ASA | — | 333,100 | $15.33M | 1.29% |
| 31 | G MINING VENTURES CORP | — | 476,600 | $15.11M | 1.27% |
| 32 | CAMECO CORP | — | 120,100 | $14.85M | 1.25% |
| 33 | ALAMOS GOLD INC A | — | 396,500 | $14.69M | 1.23% |
| 34 | PRIO SA | — | 1,223,600 | $11.86M | 0.99% |
| 35 | WEST FRASER TIMB | — | 165,200 | $11.28M | 0.95% |
| 36 | GERDAU-PREF | — | 2,647,300 | $11.28M | 0.95% |
| 37 | KINDER MORGAN INC | — | 361,100 | $11.01M | 0.92% |
| 38 | OVINTIV INC | — | 233,800 | $10.16M | 0.85% |
| 39 | ANTERO RESOURCES | — | 277,212 | $10.08M | 0.85% |
| 40 | CF INDUSTRIES HOLDINGS INC | — | 107,200 | $9.99M | 0.84% |
| 41 | MURPHY OIL CORP | — | 312,600 | $9.41M | 0.79% |
| 42 | MONDI PLC COMMON STOCK | MNP | 729,196 | $8.52M | 0.72% |
| 43 | VALTERRA PLATINU | — | 91,400 | $8.21M | 0.69% |
| 44 | ANGLO AMER PLC | — | 174,931 | $8.11M | 0.68% |
| 45 | NORSK HYDRO ASA | — | 883,600 | $7.84M | 0.66% |
| 46 | SUBSEA 7 SA | — | 287,000 | $7.32M | 0.61% |
| 47 | NAVIGATOR HOLDINGS LTD | NVGS | 382,500 | $7.09M | 0.59% |
| 48 | OCCIDENTAL PETROLEUM CORP | — | 146,500 | $6.65M | 0.56% |
| 49 | INTL PAPER CO | — | 160,400 | $6.47M | 0.54% |
| 50 | HUDBAY MINERALS | — | 234,700 | $5.56M | 0.47% |
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