Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
113
Top-10 weight
55.97%
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.
21
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.
721.1
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | LINDE PLC | — | 1,353,727 | $687.80M | 14.53% |
| 2 | NEWMONT CORP | — | 3,171,307 | $412.27M | 8.71% |
| 3 | FREEPORT MCMORAN INC | — | 4,145,249 | $282.21M | 5.96% |
| 4 | SHERWIN WILLIAMS CO | — | 683,818 | $247.95M | 5.24% |
| 5 | CRH PLC | — | 1,942,015 | $233.00M | 4.92% |
| 6 | ECOLAB INC | — | 736,914 | $227.23M | 4.80% |
| 7 | AIR PRODUCTS and CHEMICALS INC | — | 615,515 | $169.68M | 3.58% |
| 8 | CORTEVA INC | — | 1,960,533 | $157.08M | 3.32% |
| 9 | VULCAN MATERIALS CO | — | 381,460 | $118.25M | 2.50% |
| 10 | MARTIN MAR MTLS | — | 174,114 | $117.80M | 2.49% |
| 11 | NUCOR CORP | — | 662,706 | $117.22M | 2.48% |
| 12 | AMRIZE LTD | — | 1,437,133 | $93.40M | 1.97% |
| 13 | PPG INDUSTRIES INC | — | 651,565 | $80.32M | 1.70% |
| 14 | STEEL DYNAMICS INC | — | 403,770 | $77.98M | 1.65% |
| 15 | ROYAL GOLD INC | — | 242,986 | $72.84M | 1.54% |
| 16 | SMURFIT WESTROCK | — | 1,507,421 | $70.86M | 1.50% |
| 17 | AMCOR PLC | — | 1,332,864 | $64.55M | 1.36% |
| 18 | INTL PAPER CO | — | 1,448,161 | $63.07M | 1.33% |
| 19 | DOW INC | — | 2,046,654 | $62.89M | 1.33% |
| 20 | INTL FLVR & FRAG | — | 739,915 | $60.84M | 1.29% |
| 21 | ALBEMARLE CORP | — | 339,771 | $60.71M | 1.28% |
| 22 | DUPONT DE NEMOURS INC | — | 1,208,823 | $60.49M | 1.28% |
| 23 | PACKAGING CORP OF AMERICA | — | 259,767 | $60.30M | 1.27% |
| 24 | COEUR MINING INC | — | 1,855,724 | $50.38M | 1.06% |
| 25 | BALL CORP | — | 746,409 | $50.11M | 1.06% |
| 26 | HECLA MINING CO | — | 1,934,450 | $48.19M | 1.02% |
| 27 | RELIANCE STEEL and ALUMINUM CO | — | 151,847 | $47.93M | 1.01% |
| 28 | CF INDUSTRIES HOLDINGS INC | — | 467,625 | $46.55M | 0.98% |
| 29 | AVERY DENNISON CORP | — | 225,115 | $44.20M | 0.93% |
| 30 | LYONDELLBASELL-A | — | 742,965 | $42.74M | 0.90% |
| 31 | RPM INTL INC | — | 370,159 | $42.24M | 0.89% |
| 32 | CROWN HOLDINGS INC | — | 335,991 | $38.50M | 0.81% |
| 33 | SOLSTICE ADV MAT | — | 463,918 | $36.42M | 0.77% |
| 34 | ALCOA CORP | — | 557,637 | $34.62M | 0.73% |
| 35 | APTARGROUP INC | — | 190,245 | $27.34M | 0.58% |
| 36 | MOSAIC CO/THE | — | 916,679 | $25.52M | 0.54% |
| 37 | EASTMAN CHEMICAL CO | — | 331,442 | $25.03M | 0.53% |
| 38 | MP MATERIALS CORP | — | 408,849 | $24.07M | 0.51% |
| 39 | COMMERCIAL METALS CO | — | 323,031 | $23.68M | 0.50% |
| 40 | ELEMENT SOLUTIONS INC | — | 662,462 | $23.25M | 0.49% |
| 41 | EAGLE MATERIALS INC | — | 93,646 | $20.96M | 0.44% |
| 42 | AXALTA COATING S | — | 625,031 | $20.88M | 0.44% |
| 43 | SEALED AIR CORP | — | 424,610 | $17.78M | 0.38% |
| 44 | CLEVELAND-CLIFFS INC | — | 1,644,609 | $17.53M | 0.37% |
| 45 | BALCHEM CORP | — | 93,692 | $17.00M | 0.36% |
| 46 | SONOCO PRODUCTS CO | — | 284,798 | $16.08M | 0.34% |
| 47 | CELANESE CORP | — | 316,083 | $15.79M | 0.33% |
| 48 | LOUISIANA PACIFIC CORP | — | 180,944 | $15.33M | 0.32% |
| 49 | Vanguard Market Liquidity Fund | — | 14,638,581 | $14.64M | 0.31% |
| 50 | KNIFE RIVER HOLDING CO W/I | — | 163,653 | $14.56M | 0.31% |
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