Portfolio concentration
As of April 30, 2026 · N-PORT
Holdings
40
Top-10 weight
44.27%
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.
30
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.
664.9
Holdings
As of April 30, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | STEEL DYNAMICS INC | — | 96,743 | $22.12M | 5.77% |
| 2 | RBC BEARINGS INC | — | 32,062 | $19.21M | 5.01% |
| 3 | NEWMARKET CORP | — | 27,168 | $18.36M | 4.79% |
| 4 | ANGLOGOLD ASHANTI PLC | — | 178,858 | $16.76M | 4.37% |
| 5 | EASTMAN CHEMICAL CO | — | 228,166 | $16.68M | 4.35% |
| 6 | CF INDUSTRIES HOLDINGS INC | — | 134,116 | $16.66M | 4.34% |
| 7 | NUCOR CORP | — | 72,085 | $16.24M | 4.24% |
| 8 | MOSAIC CO/THE | — | 682,886 | $15.89M | 4.14% |
| 9 | MUELLER INDUSTRIES INC | — | 110,014 | $14.90M | 3.89% |
| 10 | RELIANCE STEEL and ALUMINUM CO | — | 40,108 | $14.54M | 3.79% |
| 11 | TIMKEN CO | — | 121,206 | $13.44M | 3.51% |
| 12 | CARPENTER TECHNOLOGY CORP | — | 30,926 | $13.24M | 3.45% |
| 13 | NEWMONT CORP | — | 112,605 | $12.51M | 3.26% |
| 14 | ALCOA CORP | — | 183,770 | $11.72M | 3.06% |
| 15 | OLIN CORP | — | 410,009 | $11.68M | 3.05% |
| 16 | SOLSTICE ADV MAT | — | 137,188 | $11.24M | 2.93% |
| 17 | LINDE PLC | — | 21,077 | $10.56M | 2.75% |
| 18 | Southern Copper Corporation COM USD0.01 | SCCO US | 60,725 | $10.43M | 2.72% |
| 19 | ECOLAB INC | — | 39,276 | $10.24M | 2.67% |
| 20 | FASTENAL CO | — | 225,177 | $10.12M | 2.64% |
| 21 | AVERY DENNISON CORP | — | 60,505 | $9.92M | 2.59% |
| 22 | ROYAL GOLD INC | — | 41,056 | $9.58M | 2.50% |
| 23 | ELEMENT SOLUTIONS INC | — | 178,524 | $7.60M | 1.98% |
| 24 | CLEVELAND-CLIFFS INC | — | 721,274 | $7.36M | 1.92% |
| 25 | HEXCEL CORPORATION | — | 75,307 | $7.07M | 1.84% |
| 26 | HUNTSMAN CORP | — | 457,909 | $6.58M | 1.72% |
| 27 | SCOTTS MIRACLE GRO CO | — | 100,226 | $6.28M | 1.64% |
| 28 | FREEPORT MCMORAN INC | — | 103,687 | $5.99M | 1.56% |
| 29 | INTL FLVR & FRAG | — | 84,008 | $5.90M | 1.54% |
| 30 | INTL PAPER CO | — | 170,720 | $5.19M | 1.35% |
| 31 | MP MATERIALS CORP | — | 63,145 | $4.17M | 1.09% |
| 32 | DAIWA CAPITAL MARKETS AMERICA INC | — | 3,534,824 | $3.53M | 0.92% |
| 33 | ALBEMARLE CORP | — | 16,975 | $3.34M | 0.87% |
| 34 | AIR PRODUCTS and CHEMICALS INC | — | 10,489 | $3.15M | 0.82% |
| 35 | CELANESE CORP | — | 46,335 | $3.14M | 0.82% |
| 36 | WESTLAKE CORP | — | 26,087 | $3.01M | 0.78% |
| 37 | ASHLAND INC | — | 54,799 | $2.92M | 0.76% |
| 38 | LYONDELLBASELL INDS CLASS A | — | 37,827 | $2.82M | 0.74% |
| 39 | FMC CORP NEW | — | 176,966 | $2.72M | 0.71% |
| 40 | MSILF Treasury Portfolio, Class Institutional | MISXX | 294,546 | $294.55K | 0.08% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.