Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
34
Top-10 weight
73.60%
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.
703.5
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | SLB LTD | — | 1,869,563 | $96.08M | 22.98% |
| 2 | BAKER HUGHES CO | — | 1,527,254 | $93.24M | 22.30% |
| 3 | HALLIBURTON CO | — | 501,334 | $19.55M | 4.67% |
| 4 | TECHNIPFMC PLC | — | 279,910 | $19.35M | 4.63% |
| 5 | WEATHERFORD INTE | — | 159,186 | $15.06M | 3.60% |
| 6 | NOV INC | — | 799,990 | $15.05M | 3.60% |
| 7 | TRANSOCEAN LTD | — | 2,200,764 | $14.59M | 3.49% |
| 8 | VALARIS LTD | — | 142,913 | $14.01M | 3.35% |
| 9 | NOBLE CORP PLC | — | 279,148 | $13.70M | 3.28% |
| 10 | ARCHROCK INC | — | 389,252 | $13.55M | 3.24% |
| 11 | KODIAK GAS SERVICES INC | — | 184,478 | $10.76M | 2.57% |
| 12 | LIBERTY ENERGY INC CL A | — | 359,691 | $10.36M | 2.48% |
| 13 | BlackRock Cash Funds: Institutional, SL Agency Shares | BISXX | 8,878,182 | $8.88M | 2.12% |
| 14 | TIDEWATER INC | — | 102,309 | $8.55M | 2.04% |
| 15 | PATTERSON-UTI ENERGY INC | — | 766,678 | $8.30M | 1.99% |
| 16 | HELMERICH & PAYN | — | 221,622 | $7.99M | 1.91% |
| 17 | OCEANEERING INTL | — | 221,460 | $7.86M | 1.88% |
| 18 | CACTUS INC CL A | — | 152,798 | $7.24M | 1.73% |
| 19 | SEADRILL LIMITED | — | 138,445 | $6.30M | 1.51% |
| 20 | SOLARIS OIL IN-A | — | 101,821 | $5.75M | 1.38% |
| 21 | EXPRO GROUP HOLD | — | 224,332 | $3.91M | 0.93% |
| 22 | SELECT WATER SOLUTIONS INC CL A | — | 250,154 | $3.83M | 0.92% |
| 23 | PROPETRO HOLDING CORP | — | 211,274 | $3.04M | 0.73% |
| 24 | HELIX ENERGY SOL GRP INC | — | 303,609 | $3.00M | 0.72% |
| 25 | NABORS INDS LTD | — | 32,568 | $2.80M | 0.67% |
| 26 | BRISTOW GROUP INC | — | 55,845 | $2.62M | 0.63% |
| 27 | TETRA TECHNOLOGIES INC | — | 296,866 | $2.53M | 0.60% |
| 28 | ATLAS ENERGY SOLUTIONS INC | — | 170,618 | $2.24M | 0.54% |
| 29 | INNOVEX INTERNATIONAL INC | — | 85,675 | $2.09M | 0.50% |
| 30 | CORE LABORATORIES INC | — | 103,352 | $1.74M | 0.41% |
| 31 | RPC INC | — | 197,375 | $1.40M | 0.33% |
| 32 | FLOWCO HOLDINGS INC | — | 67,151 | $1.38M | 0.33% |
| 33 | BlackRock Cash Funds: Treasury, SL Agency Shares | — | 104,080 | $104.08K | 0.02% |
| 34 | XAE ENERGY JUN26 | — | 2 | $16.67K | 0.00% |
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