Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
45
Top-10 weight
34.83%
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.
39
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.
578.1
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | STEEL DYNAMICS INC | — | 56,173 | $10.11M | 4.03% |
| 2 | NUTRIEN LTD | — | 130,323 | $9.83M | 3.92% |
| 3 | DIAMONDBACK ENERGY INC | — | 49,512 | $9.79M | 3.90% |
| 4 | NEWMONT CORP | — | 85,195 | $9.22M | 3.68% |
| 5 | COMMSTCK | BP US | 187,230 | $8.80M | 3.51% |
| 6 | CORE NATURAL RESOURCES INC | — | 80,720 | $8.45M | 3.37% |
| 7 | CONOCOPHILLIPS | — | 62,390 | $8.24M | 3.28% |
| 8 | GLENCORE PLC | — | 1,059,720 | $8.03M | 3.20% |
| 9 | SHELL PLC | — | 161,139 | $7.46M | 2.98% |
| 10 | CAN NATURAL RES | — | 151,060 | $7.37M | 2.94% |
| 11 | ANGLO AMER PLC | — | 163,713 | $7.03M | 2.80% |
| 12 | HUDBAY MINERALS | — | 319,967 | $6.69M | 2.67% |
| 13 | ALCOA CORP | — | 99,429 | $6.60M | 2.63% |
| 14 | INTL PAPER CO | — | 176,484 | $6.30M | 2.51% |
| 15 | BUNGE GLOBAL SA | — | 47,484 | $6.04M | 2.41% |
| 16 | CRH PLC | — | 57,666 | $6.03M | 2.41% |
| 17 | AGNICO EAGLE MINES LTD | — | 29,650 | $6.02M | 2.40% |
| 18 | ARC RESOURCES LTD | — | 287,901 | $5.99M | 2.39% |
| 19 | PERMIAN RESOURCES CORP CL A | — | 278,774 | $5.94M | 2.37% |
| 20 | WEST FRASER TIMB | — | 90,841 | $5.93M | 2.37% |
| 21 | VALERO ENERGY CORP | — | 23,790 | $5.88M | 2.34% |
| 22 | COEUR MINING INC | — | 311,865 | $5.85M | 2.33% |
| 23 | CORTEVA INC | — | 69,111 | $5.79M | 2.31% |
| 24 | PEABODY ENERGY CORP | — | 161,759 | $5.33M | 2.13% |
| 25 | KIMBELL ROYALTY PARTNERS LP 0.00000000 | KRP | 361,972 | $5.24M | 2.09% |
| 26 | CF INDUSTRIES HOLDINGS INC | — | 39,772 | $5.16M | 2.06% |
| 27 | SMURFIT WESTROCK PLC | — | 121,570 | $4.84M | 1.93% |
| 28 | ARCOSA INC | — | 45,404 | $4.82M | 1.92% |
| 29 | HELMERICH & PAYN | — | 133,099 | $4.80M | 1.91% |
| 30 | OVINTIV INC | — | 79,830 | $4.74M | 1.89% |
| 31 | TECK RESOURCES-B | — | 84,989 | $4.40M | 1.76% |
| 32 | SLB LTD | — | 85,060 | $4.37M | 1.74% |
| 33 | CHORD ENERGY CORP | — | 29,805 | $4.24M | 1.69% |
| 34 | EXPAND ENERGY CORP | — | 36,161 | $3.97M | 1.58% |
| 35 | BARRICK MINING CORP | — | 91,980 | $3.75M | 1.50% |
| 36 | WEATHERFORD INTERNATIONAL PLC | — | 33,720 | $3.19M | 1.27% |
| 37 | ELDORADO GOLD | — | 90,210 | $3.10M | 1.23% |
| 38 | Unit Corporation | UNTC | 89,447 | $3.09M | 1.23% |
| 39 | JBS NV, Class A | JBS | 167,230 | $3.00M | 1.20% |
| 40 | LOUISIANA PACIFIC CORP | — | 35,843 | $2.61M | 1.04% |
| 41 | BlackRock Liquidity FedFund - Institutional Class | TFDXX | 2,581,954 | $2.58M | 1.03% |
| 42 | MONEYMKT | FGTXX | 2,581,954 | $2.58M | 1.03% |
| 43 | MSILF-GOVT-INS | MVRXX | 2,581,954 | $2.58M | 1.03% |
| 44 | MONEYMKT | FIGXX | 2,581,954 | $2.58M | 1.03% |
| 45 | TITAN SA | — | 43,323 | $2.27M | 0.91% |
| 46 | CHINA METAL RECYCLING HOLDINGS LTD | 773 HK | 30,000,000 | $0 | 0.00% |
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