13F filings cover long US equity positions only — no shorts, bonds or cash. “% of portfolio” refers to the manager’s reported 13F portfolio, not the entire fund. All facts come from public SEC filings with a link to the original document; this is not investment advice.
| # | Position | % of portfolio | Value | Shares | Δ Q/Q |
|---|---|---|---|---|---|
| 1 |  TFPMTRIPLE FLAG PRECIOUS METAL | 17.6 % | $4B | 133.2M | HOLD-0 % |
| 2 |  PSXPHILLIPS 66 | 14.4 % | $3.3B | 19.3M | HOLD |
| 3 |  SUSUNCOR ENERGY INC NEW | 7 % | $1.6B | 29.5M | TRIM-44.1 % |
| 4 | 6.4 % | $1.5B | 32.3M | ADD+17.7 % | |
| 5 | 5.5 % | $1.2B | 24.3M | TRIM-19.9 % | |
| 6 | 3 % | $676.9M | 59M | HOLD | |
| 7 | 2.6 % | $588.8M | 28M | HOLD | |
| 8 | 1.7 % | $376.7M | 5M | HOLD | |
| 9 | 1.4 % | $310M | 14.7M | ADD+11.4 % | |
| 10 | 0.8 % | $172.6M | 1.3M | HOLD | |
| 11 | 0.7 % | $167.9M | 4.4M | TRIM-5.9 % | |
| 12 | 0.7 % | $156.4M | 150K | HOLD | |
| 13 | 0.4 % | $101.5M | 227.5K | NEW | |
| 14 | 0.4 % | $98.4M | 3.1M | HOLD | |
| 15 | 0.3 % | $76.4M | 15.6M | HOLD | |
| 16 | 0.1 % | $20.6M | 797.1K | HOLD | |
| 17 | 0.1 % | $12.3M | 150K | NEW |
| # | Position | % of portfolio | Others |
|---|---|---|---|
| 1 | TFPMTRIPLE FLAG PRECIOUS METAL | 17.6 % | +4 |
| 2 | PSXPHILLIPS 66 | 14.4 % | +3 |
| 3 | SUSUNCOR ENERGY INC NEW | 7 % | +5 |
| 4 |  HPEHEWLETT PACKARD ENTERPRISE C | 6.4 % | +4 |
| 5 | 5.5 % | +3 | |
| 6 | 3 % | +1 | |
| 7 | 2.6 % | +3 | |
| 8 | 1.7 % | +5 | |
| 9 | 1.4 % | +3 | |
| 10 | 0.8 % | +5 |
Most in line with the market: SU (5 other managers). Loneliest position: UNIT (1).
