Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
49
Top-10 weight
69.02%
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.
14
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.
968.9
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | CONOCOPHILLIPS | — | 966,446 | $127.57M | 19.46% |
| 2 | EOG RESOURCES INC | — | 428,016 | $61.88M | 9.44% |
| 3 | VALERO ENERGY CORP | — | 240,600 | $59.45M | 9.07% |
| 4 | PHILLIPS 66 | — | 262,443 | $47.81M | 7.29% |
| 5 | DIAMONDBACK ENERGY INC | — | 159,240 | $31.50M | 4.81% |
| 6 | DEVON ENERGY CORP | — | 582,589 | $29.32M | 4.47% |
| 7 | MARATHON PETROLEUM CORP | — | 119,033 | $29.07M | 4.43% |
| 8 | EQT CORPORATION | — | 422,833 | $26.91M | 4.11% |
| 9 | COTERRA ENERGY INC | — | 712,563 | $25.04M | 3.82% |
| 10 | EXPAND ENERGY CORP | — | 223,703 | $24.56M | 3.75% |
| 11 | TEXAS PACIFIC LAND CORP | — | 51,425 | $24.40M | 3.72% |
| 12 | OVINTIV INC | — | 260,803 | $15.48M | 2.36% |
| 13 | BlackRock Cash Funds: Institutional, SL Agency Shares | BISXX | 15,476,324 | $15.48M | 2.36% |
| 14 | PERMIAN RESOURCES CORP CL A | — | 695,386 | $14.83M | 2.26% |
| 15 | APA CORP | — | 333,126 | $14.14M | 2.16% |
| 16 | ANTERO RESOURCES | — | 275,296 | $11.68M | 1.78% |
| 17 | RANGE RESOURCES CORP | — | 222,544 | $10.05M | 1.53% |
| 18 | HF SINCLAIR CORP | — | 146,859 | $9.16M | 1.40% |
| 19 | VIPER ENERGY INC A | — | 174,535 | $8.20M | 1.25% |
| 20 | CHORD ENERGY CORP | — | 53,411 | $7.59M | 1.16% |
| 21 | VENTURE GLOBAL INC | — | 450,380 | $7.10M | 1.08% |
| 22 | MATADOR RESOURCES COMPANY | — | 109,719 | $6.93M | 1.06% |
| 23 | SM ENERGY CO | — | 212,604 | $6.63M | 1.01% |
| 24 | MAGNOLIA OIL and GAS CORPO CL A | — | 169,895 | $5.36M | 0.82% |
| 25 | MURPHY OIL CORP | — | 126,025 | $5.20M | 0.79% |
| 26 | CNX RESOURCES CORP | — | 133,720 | $5.15M | 0.79% |
| 27 | CALIFORNIA RESOU | — | 73,798 | $5.11M | 0.78% |
| 28 | PBF ENERGY INC CL A | — | 77,995 | $3.71M | 0.57% |
| 29 | GULFPORT ENERGY CORP | — | 14,707 | $3.11M | 0.47% |
| 30 | CRESCENT ENERGY INC A | — | 228,402 | $3.08M | 0.47% |
| 31 | PAR PACIFIC HOLDINGS INC | — | 47,272 | $2.96M | 0.45% |
| 32 | NORTHERN OIL AND GAS INC | — | 98,024 | $2.87M | 0.44% |
| 33 | DELEK US HOLDINGS INC | — | 56,322 | $2.54M | 0.39% |
| 34 | CALUMET INC | — | 60,178 | $2.16M | 0.33% |
| 35 | SABLE OFFSHORE CORP | — | 115,548 | $1.91M | 0.29% |
| 36 | TALOS ENERGY INC | — | 117,938 | $1.86M | 0.28% |
| 37 | COMSTOCK RESOURCES INC | — | 74,141 | $1.56M | 0.24% |
| 38 | KOSMOS ENERGY LTD | — | 541,511 | $1.51M | 0.23% |
| 39 | REX AMERICAN RESOURCES CORP | — | 26,641 | $1.21M | 0.19% |
| 40 | WORLD KINECT CORP | — | 52,279 | $1.21M | 0.18% |
| 41 | GREEN PLAINS INC | — | 65,702 | $1.08M | 0.16% |
| 42 | BKV CORPORATION | — | 34,266 | $977.27K | 0.15% |
| 43 | CVR ENERGY INC | — | 28,371 | $954.68K | 0.15% |
| 44 | BlackRock Cash Funds: Treasury, SL Agency Shares | — | 680,010 | $680.01K | 0.10% |
| 45 | VAALCO ENERGY INC | — | 98,080 | $621.83K | 0.09% |
| 46 | SANDRIDGE ENERGY INC | — | 29,709 | $484.55K | 0.07% |
| 47 | VITESSE ENERGY INC | — | 26,559 | $482.31K | 0.07% |
| 48 | CLEAN ENERGY FUELS CORP | — | 162,981 | $404.19K | 0.06% |
| 49 | XAE ENERGY JUN26 | — | 4 | $24.25K | 0.00% |
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