RR Advisors, LLC Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
ET	Sell	ENERGY TRANSFER LP	$99,261	+5.5%	7,075,000	-4.5%	17.18%	-0.1%
WES	Sell	WESTERN MIDSTREAM PARTNERS LP	$73,074	+0.3%	2,684,000	-2.3%	12.64%	-5.0%
AM	Buy	ANTERO MIDSTREAM CORP	$72,785	+6.2%	6,076,000	+2.9%	12.59%	+0.6%
TRGP	Buy	TARGA RESOURCES CORP	$66,255	+17.3%	773,000	+4.2%	11.46%	+11.1%
EPD	Sell	ENTERPRISE PRODUCTS PARTNERS LP	$61,253	-0.6%	2,238,000	-4.3%	10.60%	-5.9%
PAGP	Sell	PLAINS GP HOLDINGS LPltd partnr int a	$58,824	-18.6%	3,649,000	-25.1%	10.18%	-22.9%
GEL	Buy	GENESIS ENERGY LPunit ltd partn	$53,990	+10.6%	5,232,000	+2.3%	9.34%	+4.7%
PAA	Sell	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$7,384	+5.4%	482,000	-3.0%	1.28%	-0.2%
HES	Buy	HESS CORP	$6,970	+146.5%	46,000	+119.0%	1.21%	+133.3%
	Buy	PERMIAN RESOURCES CORP	$6,455	+57.7%	462,000	+23.9%	1.12%	+49.5%
AR	Buy	ANTERO RESOURCES CORP	$5,170	+38.0%	204,000	+25.2%	0.90%	+30.8%
	New	VIPER ENERGY INC	$2,936	–	105,000	–	0.51%	–
MUR	New	MURPHY OIL CORP	$2,894	–	64,000	–	0.50%	–
RIG	Sell	TRANSOCEAN LTD	$2,155	-12.1%	262,000	-25.1%	0.37%	-16.7%
RRC	New	RANGE RESOURCES CORP	$2,064	–	64,000	–	0.36%	–
FTI	Sell	TECHNIPFMC PLC	$1,951	-8.2%	96,000	-25.0%	0.34%	-12.9%
VOC	Exit	VOC ENERGY TRUSTtr unit	$0	–	-13,000	–	-0.02%	–
DK	Exit	DELEK US HOLDINGS INC	$0	–	-60,000	–	-0.26%	–

Q2 2023

			Value		Shares		↓ Weighting
ET	New	ENERGY TRANSFER LP	$94,109	–	7,410,000	–	17.19%	–
WES	New	WESTERN MIDSTREAM PARTNERS LP	$72,855	–	2,747,000	–	13.31%	–
PAGP	New	PLAINS GP HOLDINGS LPltd partnr int a	$72,282	–	4,874,000	–	13.20%	–
AM	New	ANTERO MIDSTREAM CORP	$68,527	–	5,907,000	–	12.52%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS LP	$61,638	–	2,339,000	–	11.26%	–
TRGP	New	TARGA RESOURCES CORP	$56,501	–	742,000	–	10.32%	–
GEL	New	GENESIS ENERGY LPunit ltd partn	$48,827	–	5,113,000	–	8.92%	–
MPLX	New	MPLX LP	$28,688	–	845,000	–	5.24%	–
NFE	New	NEW FORTRESS ENERGY INC	$15,905	–	594,000	–	2.90%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$7,008	–	497,000	–	1.28%	–
	New	PERMIAN RESOURCES CORP	$4,092	–	373,000	–	0.75%	–
AR	New	ANTERO RESOURCES CORP	$3,747	–	163,000	–	0.68%	–
HES	New	HESS CORP	$2,828	–	21,000	–	0.52%	–
RIG	New	TRANSOCEAN LTD	$2,453	–	350,000	–	0.45%	–
SLB	New	SCHLUMBERGER NV	$2,417	–	49,000	–	0.44%	–
FTI	New	TECHNIPFMC PLC	$2,126	–	128,000	–	0.39%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$1,911	–	32,000	–	0.35%	–
DK	New	DELEK US HOLDINGS INC	$1,427	–	60,000	–	0.26%	–
VOC	New	VOC ENERGY TRUSTtr unit	$102	–	13,000	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
VOC	Exit	VOC ENERGY TRUSTtr unit	$0	–	-38,000	–	-0.05%	–
	Exit	CRESCENT ENERGY CO	$0	–	-157,000	–	-0.39%	–
	Exit	PERMIAN RESOURCES CORP	$0	–	-456,000	–	-0.57%	–
OVV	Exit	OVINTIV INC	$0	–	-70,000	–	-0.59%	–
NESR	Exit	NATIONAL ENERGY SERVICES REUNITED CORP	$0	–	-625,000	–	-0.68%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-467,000	–	-0.73%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-1,625,000	–	-0.74%	–
SM	Exit	SM ENERGY CO	$0	–	-137,000	–	-0.95%	–
AR	Exit	ANTERO RESOURCES CORP	$0	–	-173,000	–	-0.97%	–
DK	Exit	DELEK US HOLDINGS INC	$0	–	-200,000	–	-1.00%	–
PAA	Exit	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$0	–	-548,000	–	-1.07%	–
MPLX	Exit	MPLX LP	$0	–	-397,000	–	-2.20%	–
GEL	Exit	GENESIS ENERGY LPunit ltd partn	$0	–	-4,888,000	–	-8.31%	–
AM	Exit	ANTERO MIDSTREAM CORP	$0	–	-4,947,000	–	-8.39%	–
TRGP	Exit	TARGA RESOURCES CORP	$0	–	-831,000	–	-9.27%	–
DCP	Exit	DCP MIDSTREAM LP	$0	–	-1,379,000	–	-9.57%	–
PAGP	Exit	PLAINS GP HOLDINGS LPltd partnr int a	$0	–	-5,580,000	–	-11.25%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS LP	$0	–	-2,561,000	–	-11.25%	–
WES	Exit	WESTERN MIDSTREAM PARTNERS LP	$0	–	-3,178,000	–	-14.77%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-8,459,000	–	-17.24%	–

Q3 2022

			Value		Shares		↓ Weighting
ET	Buy	ENERGY TRANSFER LP	$93,305,000	+11.3%	8,459,000	+0.7%	17.24%	+5.5%
EPD	Sell	ENTERPRISE PRODUCTS PARTNERS LP	$60,900,000	-3.2%	2,561,000	-0.8%	11.25%	-8.3%
PAGP	Buy	PLAINS GP HOLDINGS LPltd partnr int a	$60,880,000	+39.5%	5,580,000	+31.9%	11.25%	+32.2%
DCP	Sell	DCP MIDSTREAM LP	$51,802,000	-16.0%	1,379,000	-33.9%	9.57%	-20.4%
TRGP	Buy	TARGA RESOURCES CORP	$50,169,000	+124.8%	831,000	+122.2%	9.27%	+113.0%
MPLX	Sell	MPLX LP	$11,909,000	-6.7%	397,000	-9.4%	2.20%	-11.6%
PAA	Buy	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$5,768,000	+31.0%	548,000	+22.3%	1.07%	+24.2%
DK	Sell	DELEK US HOLDINGS INC	$5,428,000	-77.8%	200,000	-78.9%	1.00%	-79.0%
AR	Sell	ANTERO RESOURCES CORP	$5,267,000	-28.2%	173,000	-27.6%	0.97%	-32.0%
SM	Sell	SM ENERGY CO	$5,157,000	-13.4%	137,000	-21.3%	0.95%	-17.8%
RIG	Buy	TRANSOCEAN LTD	$4,014,000	-14.2%	1,625,000	+15.7%	0.74%	-18.6%
FTI	Sell	TECHNIPFMC PLC	$3,950,000	+11.2%	467,000	-11.6%	0.73%	+5.5%
NESR	Sell	NATIONAL ENERGY SERVICES REUNITED CORP	$3,710,000	-13.7%	625,000	-1.4%	0.68%	-18.3%
OVV	Sell	OVINTIV INC	$3,205,000	-17.4%	70,000	-20.5%	0.59%	-21.7%
	New	PERMIAN RESOURCES CORP	$3,098,000	–	456,000	–	0.57%	–
	Sell	CRESCENT ENERGY CO	$2,117,000	-9.1%	157,000	-16.0%	0.39%	-13.9%
CDEV	Exit	CENTENNIAL RESOURCE DEVELOPMENT INC/DEcl a	$0	–	-580,000	–	-0.68%	–

Q2 2022

			Value		Shares		↓ Weighting
ET	New	ENERGY TRANSFER LP	$83,809,000	–	8,398,000	–	16.34%	–
WES	New	WESTERN MIDSTREAM PARTNERS LP	$77,262,000	–	3,178,000	–	15.06%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS LP	$62,915,000	–	2,582,000	–	12.26%	–
DCP	New	DCP MIDSTREAM LP	$61,676,000	–	2,085,000	–	12.02%	–
AM	New	ANTERO MIDSTREAM CORP	$44,774,000	–	4,947,000	–	8.73%	–
PAGP	New	PLAINS GP HOLDINGS LPltd partnr int a	$43,653,000	–	4,230,000	–	8.51%	–
GEL	New	GENESIS ENERGY LPunit ltd partn	$39,204,000	–	4,888,000	–	7.64%	–
DK	New	DELEK US HOLDINGS INC	$24,454,000	–	946,000	–	4.77%	–
TRGP	New	TARGA RESOURCES CORP	$22,317,000	–	374,000	–	4.35%	–
MPLX	New	MPLX LP	$12,765,000	–	438,000	–	2.49%	–
AR	New	ANTERO RESOURCES CORP	$7,335,000	–	239,000	–	1.43%	–
SM	New	SM ENERGY CO	$5,952,000	–	174,000	–	1.16%	–
RIG	New	TRANSOCEAN LTD	$4,679,000	–	1,405,000	–	0.91%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$4,403,000	–	448,000	–	0.86%	–
NESR	New	NATIONAL ENERGY SERVICES REUNITED CORP	$4,297,000	–	634,000	–	0.84%	–
OVV	New	OVINTIV INC	$3,880,000	–	88,000	–	0.76%	–
FTI	New	TECHNIPFMC PLC	$3,552,000	–	528,000	–	0.69%	–
CDEV	New	CENTENNIAL RESOURCE DEVELOPMENT INC/DEcl a	$3,468,000	–	580,000	–	0.68%	–
	New	CRESCENT ENERGY CO	$2,330,000	–	187,000	–	0.45%	–
VOC	New	VOC ENERGY TRUSTtr unit	$246,000	–	38,000	–	0.05%	–

Q4 2021

			Value		Shares		↓ Weighting
VOC	Exit	VOC ENERGY TRUSTtr unit	$0	–	-38,000	–	-0.04%	–
SLCA	Exit	US SILICA HOLDINGS INC	$0	–	-62,000	–	-0.10%	–
BOOM	Exit	DMC GLOBAL INC	$0	–	-14,000	–	-0.10%	–
SOI	Exit	SOLARIS OILFIELD INFRASTRUCTURE INC	$0	–	-100,000	–	-0.17%	–
PUMP	Exit	PROPETRO HOLDING CORP	$0	–	-107,000	–	-0.18%	–
TELL	Exit	TELLURIAN INC	$0	–	-560,000	–	-0.44%	–
CHX	Exit	CHAMPIONX CORP	$0	–	-107,000	–	-0.47%	–
OVV	Exit	OVINTIV INC	$0	–	-116,000	–	-0.76%	–
MCF	Exit	CONTANGO OIL & GAS CO	$0	–	-937,000	–	-0.85%	–
RRC	Exit	RANGE RESOURCES CORP	$0	–	-213,000	–	-0.96%	–
PAA	Exit	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$0	–	-655,000	–	-1.32%	–
AR	Exit	ANTERO RESOURCES CORP	$0	–	-377,000	–	-1.41%	–
MPLX	Exit	MPLX LP	$0	–	-667,000	–	-3.77%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-532,000	–	-3.78%	–
WES	Exit	WESTERN MIDSTREAM PARTNERS LP	$0	–	-1,074,000	–	-4.47%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-4,685,000	–	-8.91%	–
PAGP	Exit	PLAINS GP HOLDINGS LPltd partnr int a	$0	–	-4,425,000	–	-9.46%	–
GEL	Exit	GENESIS ENERGY LPunit ltd partn	$0	–	-5,020,000	–	-9.93%	–
AM	Exit	ANTERO MIDSTREAM CORP	$0	–	-5,261,000	–	-10.88%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS LP	$0	–	-2,868,000	–	-12.32%	–
TRGP	Exit	TARGA RESOURCES CORP	$0	–	-1,418,000	–	-13.85%	–
DCP	Exit	DCP MIDSTREAM LP	$0	–	-2,832,000	–	-15.87%	–

Q3 2021

			Value		Shares		↓ Weighting
DCP	Sell	DCP MIDSTREAM LP	$79,960,000	-9.2%	2,832,000	-1.3%	15.87%	-3.4%
TRGP	Buy	TARGA RESOURCES CORP	$69,777,000	+14.6%	1,418,000	+3.5%	13.85%	+21.9%
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS LP	$62,063,000	-10.2%	2,868,000	+0.1%	12.32%	-4.5%
AM	Sell	ANTERO MIDSTREAM CORP	$54,819,000	-0.3%	5,261,000	-0.6%	10.88%	+6.1%
GEL	Sell	GENESIS ENERGY LPunit ltd partn	$50,045,000	-27.2%	5,020,000	-15.2%	9.93%	-22.6%
PAGP	Buy	PLAINS GP HOLDINGS LPltd partnr int a	$47,684,000	-7.2%	4,425,000	+2.9%	9.46%	-1.2%
ET	Sell	ENERGY TRANSFER LP	$44,881,000	-39.2%	4,685,000	-32.6%	8.91%	-35.3%
WES	New	WESTERN MIDSTREAM PARTNERS LP	$22,518,000	–	1,074,000	–	4.47%	–
PSXP	Sell	PHILLIPS 66 PARTNERS LP	$19,057,000	-15.4%	532,000	-6.8%	3.78%	-10.0%
MPLX	New	MPLX LP	$18,995,000	–	667,000	–	3.77%	–
AR	Sell	ANTERO RESOURCES CORP	$7,088,000	+2.0%	377,000	-18.4%	1.41%	+8.5%
RRC	Buy	RANGE RESOURCES CORP	$4,817,000	+143.0%	213,000	+80.5%	0.96%	+158.4%
TELL	Buy	TELLURIAN INC	$2,190,000	+57.0%	560,000	+86.7%	0.44%	+67.3%
PUMP	Sell	PROPETRO HOLDING CORP	$922,000	-45.6%	107,000	-42.2%	0.18%	-42.1%
SOI	Sell	SOLARIS OILFIELD INFRASTRUCTURE INC	$837,000	-52.3%	100,000	-44.4%	0.17%	-49.2%
BOOM	Sell	DMC GLOBAL INC	$514,000	-70.2%	14,000	-54.8%	0.10%	-68.3%
SLCA	Sell	US SILICA HOLDINGS INC	$492,000	-71.6%	62,000	-58.7%	0.10%	-69.7%
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-180,000	–	-0.19%	–
WMB	Exit	WILLIAMS COS INC/THE	$0	–	-390,000	–	-1.93%	–

Q2 2021

			Value		Shares		↓ Weighting
DCP	New	DCP MIDSTREAM LP	$88,079,000	–	2,870,000	–	16.43%	–
ET	New	ENERGY TRANSFER LP	$73,865,000	–	6,949,000	–	13.78%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS LP	$69,111,000	–	2,864,000	–	12.89%	–
GEL	New	GENESIS ENERGY LPunit ltd partn	$68,759,000	–	5,923,000	–	12.82%	–
TRGP	New	TARGA RESOURCES CORP	$60,883,000	–	1,370,000	–	11.35%	–
AM	New	ANTERO MIDSTREAM CORP	$54,976,000	–	5,291,000	–	10.25%	–
PAGP	New	PLAINS GP HOLDINGS LPltd partnr int a	$51,364,000	–	4,302,000	–	9.58%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$22,520,000	–	571,000	–	4.20%	–
WMB	New	WILLIAMS COS INC/THE	$10,356,000	–	390,000	–	1.93%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$7,435,000	–	655,000	–	1.39%	–
AR	New	ANTERO RESOURCES CORP	$6,951,000	–	462,000	–	1.30%	–
MCF	New	CONTANGO OIL & GAS CO	$4,050,000	–	937,000	–	0.76%	–
OVV	New	OVINTIV INC	$3,645,000	–	116,000	–	0.68%	–
CHX	New	CHAMPIONX CORP	$2,737,000	–	107,000	–	0.51%	–
RRC	New	RANGE RESOURCES CORP	$1,982,000	–	118,000	–	0.37%	–
SOI	New	SOLARIS OILFIELD INFRASTRUCTURE INC	$1,753,000	–	180,000	–	0.33%	–
SLCA	New	US SILICA HOLDINGS INC	$1,734,000	–	150,000	–	0.32%	–
BOOM	New	DMC GLOBAL INC	$1,726,000	–	31,000	–	0.32%	–
PUMP	New	PROPETRO HOLDING CORP	$1,695,000	–	185,000	–	0.32%	–
TELL	New	TELLURIAN INC	$1,395,000	–	300,000	–	0.26%	–
SWN	New	SOUTHWESTERN ENERGY CO	$1,021,000	–	180,000	–	0.19%	–
VOC	New	VOC ENERGY TRUSTtr unit	$179,000	–	38,000	–	0.03%	–

Q4 2020

			Value		Shares		↓ Weighting
VOC	Exit	VOC ENERGY TRUSTtr unit	$0	–	-38,000	–	-0.02%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-28,000	–	-0.10%	–
AR	Exit	ANTERO RESOURCES CORP	$0	–	-240,000	–	-0.25%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-21,000	–	-0.26%	–
CXO	Exit	CONCHO RESOURCES INC	$0	–	-16,000	–	-0.27%	–
MCF	Exit	CONTANGO OIL & GAS CO	$0	–	-641,000	–	-0.33%	–
OVV	Exit	OVINTIV INC	$0	–	-141,000	–	-0.44%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-61,000	–	-0.56%	–
PAA	Exit	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$0	–	-598,000	–	-1.36%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-838,000	–	-3.92%	–
WMB	Exit	WILLIAMS COS INC/THE	$0	–	-676,000	–	-5.04%	–
ETRN	Exit	EQUITRANS MIDSTREAM CORP	$0	–	-1,986,000	–	-6.37%	–
PAGP	Exit	PLAINS GP HOLDINGS LP	$0	–	-2,798,000	–	-6.46%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-796,000	–	-6.96%	–
TRGP	Exit	TARGA RESOURCES CORP	$0	–	-1,436,000	–	-7.64%	–
GEL	Exit	GENESIS ENERGY LPunit ltd partn	$0	–	-5,628,000	–	-9.60%	–
DCP	Exit	DCP MIDSTREAM LP	$0	–	-2,397,000	–	-10.15%	–
AM	Exit	ANTERO MIDSTREAM CORP	$0	–	-5,017,000	–	-10.22%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-6,802,000	–	-13.98%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS LP	$0	–	-2,688,000	–	-16.09%	–

Q3 2020

			Value		Shares		↓ Weighting
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS LP	$42,443,000	-8.8%	2,688,000	+5.0%	16.09%	+11.8%
ET	Sell	ENERGY TRANSFER LP	$36,868,000	-34.0%	6,802,000	-13.3%	13.98%	-19.1%
AM	Buy	ANTERO MIDSTREAM CORP	$26,943,000	+42.1%	5,017,000	+35.0%	10.22%	+74.1%
DCP	Buy	DCP MIDSTREAM LP	$26,781,000	+66.2%	2,397,000	+68.1%	10.15%	+103.7%
GEL	Buy	GENESIS ENERGY LPunit ltd partn	$25,328,000	-32.2%	5,628,000	+8.7%	9.60%	-17.0%
TRGP	Buy	TARGA RESOURCES CORP	$20,140,000	+218.4%	1,436,000	+355.9%	7.64%	+290.0%
PSXP	Sell	PHILLIPS 66 PARTNERS LP	$18,345,000	-56.2%	796,000	-31.5%	6.96%	-46.3%
PAGP	Sell	PLAINS GP HOLDINGS LP	$17,040,000	-43.7%	2,798,000	-17.7%	6.46%	-31.0%
ETRN	Buy	EQUITRANS MIDSTREAM CORP	$16,800,000	+13.2%	1,986,000	+11.2%	6.37%	+38.7%
WMB	Sell	WILLIAMS COS INC/THE	$13,281,000	-19.5%	676,000	-22.1%	5.04%	-1.4%
KMI	Sell	KINDER MORGAN INC	$10,332,000	-35.2%	838,000	-20.3%	3.92%	-20.6%
PAA	Buy	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$3,579,000	-27.4%	598,000	+7.2%	1.36%	-11.1%
AR	New	ANTERO RESOURCES CORP	$660,000	–	240,000	–	0.25%	–
SM	Exit	SM ENERGY CO	$0	–	-432,000	–	-0.50%	–
WPX	Exit	WPX ENERGY INC	$0	–	-269,000	–	-0.53%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-1,972,000	–	-2.38%	–

Q2 2020

			Value		Shares		↓ Weighting
ET	New	ENERGY TRANSFER LP	$55,859,000	–	7,845,000	–	17.29%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS LP	$46,519,000	–	2,560,000	–	14.40%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$41,887,000	–	1,162,000	–	12.96%	–
GEL	New	GENESIS ENERGY LPunit ltd partn	$37,382,000	–	5,178,000	–	11.57%	–
PAGP	New	PLAINS GP HOLDINGS LP	$30,261,000	–	3,400,000	–	9.36%	–
AM	New	ANTERO MIDSTREAM CORP	$18,954,000	–	3,716,000	–	5.87%	–
WMB	New	WILLIAMS COS INC/THE	$16,502,000	–	868,000	–	5.11%	–
DCP	New	DCP MIDSTREAM LP	$16,113,000	–	1,426,000	–	4.99%	–
KMI	New	KINDER MORGAN INC	$15,941,000	–	1,051,000	–	4.93%	–
ETRN	New	EQUITRANS MIDSTREAM CORP	$14,840,000	–	1,786,000	–	4.59%	–
NGL	New	NGL ENERGY PARTNERS LP	$7,693,000	–	1,972,000	–	2.38%	–
TRGP	New	TARGA RESOURCES CORP	$6,326,000	–	315,000	–	1.96%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$4,932,000	–	558,000	–	1.53%	–
WPX	New	WPX ENERGY INC	$1,718,000	–	269,000	–	0.53%	–
XEC	New	CIMAREX ENERGY CO	$1,677,000	–	61,000	–	0.52%	–
SM	New	SM ENERGY CO	$1,619,000	–	432,000	–	0.50%	–
MCF	New	CONTANGO OIL & GAS CO	$1,469,000	–	641,000	–	0.46%	–
OVV	New	OVINTIV INC	$1,345,000	–	141,000	–	0.42%	–
COP	New	CONOCOPHILLIPS	$882,000	–	21,000	–	0.27%	–
CXO	New	CONCHO RESOURCES INC	$838,000	–	16,000	–	0.26%	–
PE	New	PARSLEY ENERGY INCcl a	$294,000	–	28,000	–	0.09%	–
VOC	New	VOC ENERGY TRUSTtr unit	$92,000	–	38,000	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
FRAC	Exit	KEANE GROUP INC	$0	–	-120,000	–	-0.09%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-183,000	–	-0.10%	–
MCEP	Exit	MID CON ENERGY PARTNERS LP	$0	–	-2,464,000	–	-0.12%	–
HES	Exit	HESS CORP	$0	–	-20,000	–	-0.15%	–
ROYTL	Exit	PACIFIC COAST OIL TRUSTunit ben int	$0	–	-957,000	–	-0.23%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-105,000	–	-0.35%	–
CXO	Exit	CONCHO RESOURCES INC COM STK	$0	–	-45,000	–	-0.38%	–
	Exit	UNITED STATES NATL GAS FUNDput	$0	–	-2,000	–	-0.49%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-46,000	–	-0.51%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-50,000	–	-0.52%	–
MVO	Exit	MV OIL TRUSTtr units	$0	–	-936,000	–	-0.88%	–
VOC	Exit	VOC ENERGY TRUSTtr units	$0	–	-1,528,000	–	-1.00%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-364,000	–	-1.24%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS LPunit ltd int	$0	–	-871,000	–	-2.19%	–
MPLX	Exit	MPLX LP	$0	–	-776,000	–	-2.68%	–
	Exit	UNITED STATES OIL FUND LPput	$0	–	-19,000	–	-2.70%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-1,076,000	–	-2.73%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LPunit ltd partn	$0	–	-1,684,000	–	-4.30%	–
OKE	Exit	ONEOK INC NEW	$0	–	-484,000	–	-4.39%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-2,579,000	–	-4.42%	–
PAGP	Exit	PLAINS GP HOLDINGS LP	$0	–	-2,410,000	–	-6.31%	–
WES	Exit	WESTERN GAS PARTNERS	$0	–	-2,140,000	–	-6.57%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-1,127,000	–	-7.86%	–
GEL	Exit	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$0	–	-3,297,000	–	-8.73%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-3,799,000	–	-13.39%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-8,464,000	–	-13.65%	–
TRGP	Exit	TARGA RESOURCES CORP.	$0	–	-2,826,000	–	-14.00%	–

Q3 2019

			Value		Shares		↓ Weighting
TRGP	Buy	TARGA RESOURCES CORP.	$113,543,000	+4.6%	2,826,000	+2.3%	14.00%	+9.8%
ET	Buy	ENERGY TRANSFER EQUITY L P	$110,720,000	+8.1%	8,464,000	+16.3%	13.65%	+13.4%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$108,634,000	+37.2%	3,799,000	+38.8%	13.39%	+43.9%
GEL	Buy	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$70,787,000	+3.0%	3,297,000	+4.9%	8.73%	+8.1%
PSXP	Sell	PHILLIPS 66 PARTNERS LP	$63,790,000	+7.0%	1,127,000	-6.9%	7.86%	+12.2%
WES	Sell	WESTERN GAS PARTNERS	$53,297,000	-30.0%	2,140,000	-13.5%	6.57%	-26.6%
PAGP	Buy	PLAINS GP HOLDINGS LP	$51,162,000	-5.7%	2,410,000	+11.0%	6.31%	-1.0%
NGL	Sell	NGL ENERGY PARTNERS LP	$35,894,000	-10.7%	2,579,000	-5.3%	4.42%	-6.3%
OKE	Buy	ONEOK INC NEW	$35,607,000	+14.2%	484,000	+6.8%	4.39%	+19.9%
PAA	Sell	PLAINS ALL AMER PIPELINE LPunit ltd partn	$34,923,000	-30.5%	1,684,000	-18.5%	4.30%	-27.1%
KMI	Sell	KINDER MORGAN INC DEL	$22,178,000	-2.1%	1,076,000	-0.9%	2.73%	+2.7%
	Buy	UNITED STATES OIL FUND LPput	$21,943,000	+264.5%	19,000	+280.0%	2.70%	+282.6%
MPLX	New	MPLX LP	$21,733,000	–	776,000	–	2.68%	–
SHLX	Sell	SHELL MIDSTREAM PARTNERS LPunit ltd int	$17,786,000	-24.5%	871,000	-23.4%	2.19%	-20.8%
VNOM	Buy	VIPER ENERGY PARTNERS LP	$10,065,000	+23.8%	364,000	+37.9%	1.24%	+29.9%
VOC	Sell	VOC ENERGY TRUSTtr units	$8,082,000	-3.9%	1,528,000	-7.8%	1.00%	+0.8%
MVO	Sell	MV OIL TRUSTtr units	$7,104,000	-8.4%	936,000	-3.4%	0.88%	-3.9%
FANG	Sell	DIAMONDBACK ENERGY INC	$4,134,000	-29.7%	46,000	-14.8%	0.51%	-26.2%
HES	Sell	HESS CORP	$1,209,000	-78.9%	20,000	-77.8%	0.15%	-77.8%
CPE	Sell	CALLON PETE CO DEL	$794,000	-81.2%	183,000	-71.4%	0.10%	-80.2%
FRAC	Sell	KEANE GROUP INC	$727,000	-79.2%	120,000	-76.9%	0.09%	-78.1%
VOC	Exit	VOC ENERGY TRUSTput	$0	–	-1,000	–	-0.06%	–
VOC	Exit	VOC ENERGY TRUSTcall	$0	–	-3,000	–	-0.18%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-257,000	–	-0.62%	–
TGE	Exit	TALLGRASS ENERGY GP LP	$0	–	-2,741,000	–	-6.80%	–

Q2 2019

			Value		Shares		↓ Weighting
TRGP	New	TARGA RESOURCES CORP.	$108,518,000	–	2,763,000	–	12.75%	–
ET	New	ENERGY TRANSFER EQUITY L P	$102,460,000	–	7,276,000	–	12.04%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$79,192,000	–	2,738,000	–	9.30%	–
WES	New	WESTERN GAS PARTNERS	$76,181,000	–	2,474,000	–	8.95%	–
GEL	New	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$68,732,000	–	3,142,000	–	8.08%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$59,639,000	–	1,211,000	–	7.01%	–
TGE	New	TALLGRASS ENERGY GP LP	$57,900,000	–	2,741,000	–	6.80%	–
PAGP	New	PLAINS GP HOLDINGS LP	$54,230,000	–	2,171,000	–	6.37%	–
PAA	New	PLAINS ALL AMER PIPELINE LPunit ltd partn	$50,270,000	–	2,065,000	–	5.91%	–
NGL	New	NGL ENERGY PARTNERS LP	$40,207,000	–	2,722,000	–	4.72%	–
OKE	New	ONEOK INC NEW	$31,167,000	–	453,000	–	3.66%	–
SHLX	New	SHELL MIDSTREAM PARTNERS LPunit ltd int	$23,566,000	–	1,137,000	–	2.77%	–
KMI	New	KINDER MORGAN INC DEL	$22,659,000	–	1,086,000	–	2.66%	–
VOC	New	VOC ENERGY TRUSTtr units	$8,406,000	–	1,658,000	–	0.99%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$8,129,000	–	264,000	–	0.96%	–
MVO	New	MV OIL TRUSTtr units	$7,759,000	–	969,000	–	0.91%	–
	New	UNITED STATES OIL FUND LPput	$6,020,000	–	5,000	–	0.71%	–
FANG	New	DIAMONDBACK ENERGY INC	$5,883,000	–	54,000	–	0.69%	–
HES	New	HESS CORP	$5,722,000	–	90,000	–	0.67%	–
PUMP	New	PROPETRO HLDG CORP	$5,320,000	–	257,000	–	0.62%	–
CXO	New	CONCHO RESOURCES INC COM STK	$4,703,000	–	45,000	–	0.55%	–
VLO	New	VALERO ENERGY CORP	$4,281,000	–	50,000	–	0.50%	–
CPE	New	CALLON PETE CO DEL	$4,217,000	–	640,000	–	0.50%	–
	New	UNITED STATES NATL GAS FUNDput	$3,978,000	–	2,000	–	0.47%	–
FRAC	New	KEANE GROUP INC	$3,495,000	–	520,000	–	0.41%	–
PBF	New	PBF ENERGY INCcl a	$3,287,000	–	105,000	–	0.39%	–
ROYTL	New	PACIFIC COAST OIL TRUSTunit ben int	$2,095,000	–	957,000	–	0.25%	–
VOC	New	VOC ENERGY TRUSTcall	$1,521,000	–	3,000	–	0.18%	–
MCEP	New	MID CON ENERGY PARTNERS LP	$1,062,000	–	2,464,000	–	0.12%	–
VOC	New	VOC ENERGY TRUSTput	$507,000	–	1,000	–	0.06%	–

Q4 2018

			Value		Shares		↓ Weighting
PVL	Exit	PERMIANVILLE RTY TRtr unit	$0	–	-8,000	–	-0.00%	–
PEIX	Exit	PACIFIC ETHANOL INC	$0	–	-174,000	–	-0.03%	–
PEIX	Exit	PACIFIC ETHANOL INCcall	$0	–	-2,000	–	-0.04%	–
LLEXQ	Exit	LILIS ENERGY INC	$0	–	-352,000	–	-0.16%	–
DK	Exit	DELEK US HLDGS INC NEW	$0	–	-41,000	–	-0.17%	–
MVO	Exit	MV OIL TRUSTcall	$0	–	-2,000	–	-0.17%	–
TOO	Exit	TEEKAY OFFSHORE PARTNERS LPpartnership un	$0	–	-1,075,000	–	-0.24%	–
ROYTL	Exit	PACIFIC COAST OIL TRUSTunit ben int	$0	–	-957,000	–	-0.25%	–
FANG	Exit	DIAMONDBACK ENERGY INCcall	$0	–	0	–	-0.26%	–
	Exit	VOC ENERGY TRUSTcall	$0	–	-8,000	–	-0.39%	–
MCEP	Exit	MID CON ENERGY PARTNERS LP	$0	–	-2,901,000	–	-0.42%	–
VOC	Exit	VOC ENERGY TRUSTtr units	$0	–	-955,000	–	-0.50%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERScall	$0	–	-2,000	–	-0.57%	–
FRAC	Exit	KEANE GROUP INC	$0	–	-520,000	–	-0.61%	–
HES	Exit	HESS CORP	$0	–	-90,000	–	-0.62%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-412,000	–	-0.65%	–
CXO	Exit	CONCHO RESOURCES INC COM STK	$0	–	-45,000	–	-0.66%	–
BPMP	Exit	BP MIDSTREAM PARTNERS LPunit ltd ptnr	$0	–	-401,000	–	-0.72%	–
CPE	Exit	CALLON PETE CO DELcall	$0	–	-7,000	–	-0.80%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-74,000	–	-0.96%	–
MVO	Exit	MV OIL TRUSTtr units	$0	–	-1,003,000	–	-1.12%	–
	Exit	SPDR SERIES TRUSTput	$0	–	-3,000	–	-1.24%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-1,090,000	–	-1.25%	–
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-457,000	–	-1.65%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-447,000	–	-1.79%	–
	Exit	UNITED STATES NATL GAS FUNDput	$0	–	-9,000	–	-2.13%	–
ET	Exit	ENERGY TRANSFER EQUITY L Pcall	$0	–	-15,000	–	-2.50%	–
NGL	Exit	NGL ENERGY PARTNERS LP	$0	–	-2,635,000	–	-2.92%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-1,061,000	–	-3.04%	–
ENLK	Exit	ENLINK MIDSTREAM PARTNERS LP	$0	–	-2,093,000	–	-3.73%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS LPunit ltd int	$0	–	-1,886,000	–	-3.85%	–
PAGP	Exit	PLAINS GP HOLDINGS LP	$0	–	-1,984,000	–	-4.65%	–
GEL	Exit	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$0	–	-2,237,000	–	-5.08%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LPunit ltd partn	$0	–	-2,142,000	–	-5.12%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-1,050,000	–	-5.12%	–
ENLC	Exit	ENLINK MIDSTREAM, LLC	$0	–	-3,361,000	–	-5.28%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-2,069,000	–	-5.68%	–
TGE	Exit	TALLGRASS ENERGY GP LP	$0	–	-3,355,000	–	-7.55%	–
WES	Exit	WESTERN GAS PARTNERS	$0	–	-2,018,000	–	-8.42%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-5,724,000	–	-9.52%	–
TRGP	Exit	TARGA RESOURCES CORP.	$0	–	-1,892,000	–	-10.16%	–

Q3 2018

			Value		Shares		↓ Weighting
TRGP	Buy	TARGA RESOURCES CORP.	$106,503,000	+32.8%	1,892,000	+16.6%	10.16%	+12.5%
ET	Buy	ENERGY TRANSFER EQUITY L P	$99,757,000	+57.7%	5,724,000	+55.9%	9.52%	+33.6%
WES	Buy	WESTERN GAS PARTNERS	$88,230,000	+56.6%	2,018,000	+73.8%	8.42%	+32.6%
TGE	Buy	TALLGRASS ENERGY GP LP	$79,096,000	+100.7%	3,355,000	+88.7%	7.55%	+69.9%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$59,512,000	+84.5%	2,069,000	+77.4%	5.68%	+56.3%
ENLC	Buy	ENLINK MIDSTREAM, LLC	$55,303,000	+19.2%	3,361,000	+19.2%	5.28%	+0.9%
PSXP	Buy	PHILLIPS 66 PARTNERS LP	$53,671,000	+44.5%	1,050,000	+44.4%	5.12%	+22.4%
PAA	Buy	PLAINS ALL AMER PIPELINE LPunit ltd partn	$53,610,000	+20.9%	2,142,000	+14.2%	5.12%	+2.4%
GEL	Sell	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$53,206,000	-6.8%	2,237,000	-14.1%	5.08%	-21.1%
PAGP	Buy	PLAINS GP HOLDINGS LP	$48,693,000	+31.7%	1,984,000	+28.2%	4.65%	+11.5%
SHLX	Buy	SHELL MIDSTREAM PARTNERS LPunit ltd int	$40,342,000	+20.9%	1,886,000	+25.3%	3.85%	+2.4%
ENLK	Buy	ENLINK MIDSTREAM PARTNERS LP	$39,055,000	+28.8%	2,093,000	+7.3%	3.73%	+9.1%
WGP	Buy	WESTERN GAS EQUITY PARTNERS	$31,822,000	+14.2%	1,061,000	+35.9%	3.04%	-3.3%
NGL	Buy	NGL ENERGY PARTNERS LP	$30,573,000	+155.6%	2,635,000	+175.3%	2.92%	+116.5%
ET	New	ENERGY TRANSFER EQUITY L Pcall	$26,145,000	–	15,000	–	2.50%	–
	Sell	UNITED STATES NATL GAS FUNDput	$22,347,000	-69.1%	9,000	-71.0%	2.13%	-73.8%
VNOM	Sell	VIPER ENERGY PARTNERS LP	$18,796,000	+29.0%	447,000	-2.2%	1.79%	+9.3%
CPE	Buy	CALLON PETE CO DEL	$13,070,000	+39.1%	1,090,000	+24.6%	1.25%	+17.8%
MVO	Buy	MV OIL TRUSTtr units	$11,711,000	+26.6%	1,003,000	+11.1%	1.12%	+7.2%
FANG	Buy	DIAMONDBACK ENERGY INC	$10,003,000	+40.8%	74,000	+37.0%	0.96%	+19.2%
CPE	New	CALLON PETE CO DELcall	$8,393,000	–	7,000	–	0.80%	–
BPMP	Sell	BP MIDSTREAM PARTNERS LPunit ltd ptnr	$7,494,000	-63.7%	401,000	-59.4%	0.72%	-69.3%
CXO	Buy	CONCHO RESOURCES INC COM STK	$6,962,000	+35.1%	45,000	+21.6%	0.66%	+14.5%
PUMP	Buy	PROPETRO HLDG CORP	$6,794,000	+53.6%	412,000	+46.1%	0.65%	+30.1%
HES	Buy	HESS CORP	$6,442,000	+60.5%	90,000	+50.0%	0.62%	+36.1%
FRAC	Buy	KEANE GROUP INC	$6,432,000	+22.2%	520,000	+35.1%	0.61%	+3.5%
WGP	New	WESTERN GAS EQUITY PARTNERScall	$5,988,000	–	2,000	–	0.57%	–
VOC	Buy	VOC ENERGY TRUSTtr units	$5,214,000	+8.6%	955,000	+5.6%	0.50%	-7.9%
MCEP	Buy	MID CON ENERGY PARTNERS LP	$4,381,000	-3.7%	2,901,000	+5.2%	0.42%	-18.5%
	Sell	VOC ENERGY TRUSTcall	$4,116,000	-3.6%	8,000	-11.1%	0.39%	-18.3%
FANG	New	DIAMONDBACK ENERGY INCcall	$2,704,000	–	0	–	0.26%	–
TOO	Buy	TEEKAY OFFSHORE PARTNERS LPpartnership un	$2,516,000	+15.5%	1,075,000	+30.3%	0.24%	-2.4%
MVO	New	MV OIL TRUSTcall	$1,751,000	–	2,000	–	0.17%	–
DK	New	DELEK US HLDGS INC NEW	$1,739,000	–	41,000	–	0.17%	–
PEIX	New	PACIFIC ETHANOL INCcall	$380,000	–	2,000	–	0.04%	–
PEIX	Buy	PACIFIC ETHANOL INC	$330,000	-15.4%	174,000	+16.0%	0.03%	-29.5%
PVL	New	PERMIANVILLE RTY TRtr unit	$28,000	–	8,000	–	0.00%	–
	Exit	MID CON ENERGY PARTNERS LPcall	$0	–	-1,000	–	-0.02%	–
	Exit	PACIFIC ETHANOL INCcall	$0	–	-2,000	–	-0.06%	–
PRT	Exit	PERMROCK ROYALTY TRUSTtr unit	$0	–	-50,000	–	-0.09%	–
CVIAQ	Exit	COVIA HLDGS CORP	$0	–	-219,000	–	-0.46%	–
PAGP	Exit	PLAINS GP HOLDINGS LPcall	$0	–	-2,000	–	-0.54%	–
	Exit	MV OIL TRUSTcall	$0	–	-5,000	–	-0.58%	–
	Exit	CALLON PETE CO DELcall	$0	–	-7,000	–	-0.85%	–
TPL	Exit	TEXAS PAC LD TRsub ctf prop i t	$0	–	-13,000	–	-1.01%	–
	Exit	VIPER ENERGY PARTNERS LPput	$0	–	-4,000	–	-1.31%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-283,000	–	-1.40%	–
TEP	Exit	TALLGRASS ENERGY PARTNERS LP	$0	–	-352,000	–	-1.72%	–
	Exit	BP PRUDHOE BAY RTY TRcall	$0	–	-7,000	–	-2.19%	–

Q2 2018

			Value		Shares		↓ Weighting
TRGP	New	TARGA RESOURCES CORP.	$80,170,000	–	1,622,000	–	9.04%	–
	New	UNITED STATES NATL GAS FUNDput	$72,285,000	–	31,000	–	8.15%	–
ET	New	ENERGY TRANSFER EQUITY LP	$63,248,000	–	3,671,000	–	7.13%	–
GEL	New	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$57,112,000	–	2,604,000	–	6.44%	–
WES	New	WESTERN GAS PARTNERS	$56,325,000	–	1,161,000	–	6.35%	–
ENLC	New	ENLINK MIDSTREAM, LLC	$46,401,000	–	2,820,000	–	5.23%	–
PAA	New	PLAINS ALL AMER PIPELINE LPunit ltd partn	$44,340,000	–	1,876,000	–	5.00%	–
TGE	New	TALLGRASS ENERGY GP LP	$39,414,000	–	1,778,000	–	4.44%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$37,146,000	–	727,000	–	4.19%	–
PAGP	New	PLAINS GP HOLDINGS LP	$36,983,000	–	1,547,000	–	4.17%	–
SHLX	New	SHELL MIDSTREAM PARTNERS LPunit ltd int	$33,371,000	–	1,505,000	–	3.76%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$32,248,000	–	1,166,000	–	3.64%	–
ENLK	New	ENLINK MIDSTREAM PARTNERS LP	$30,323,000	–	1,951,000	–	3.42%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$27,873,000	–	781,000	–	3.14%	–
BPMP	New	BP MIDSTREAM PARTNERS LPunit ltd ptnr	$20,655,000	–	988,000	–	2.33%	–
	New	BP PRUDHOE BAY RTY TRcall	$19,435,000	–	7,000	–	2.19%	–
TEP	New	TALLGRASS ENERGY PARTNERS LP	$15,261,000	–	352,000	–	1.72%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$14,566,000	–	457,000	–	1.64%	–
REN	New	RESOLUTE ENERGY CORP	$14,244,000	–	457,000	–	1.61%	–
	New	SPDR SERIES TRUSTput	$12,918,000	–	3,000	–	1.46%	–
RSPP	New	RSP PERMIAN INC	$12,451,000	–	283,000	–	1.40%	–
NGL	New	NGL ENERGY PARTNERS LP	$11,963,000	–	957,000	–	1.35%	–
	New	VIPER ENERGY PARTNERS LPput	$11,615,000	–	4,000	–	1.31%	–
CPE	New	CALLON PETE CO DEL	$9,397,000	–	875,000	–	1.06%	–
MVO	New	MV OIL TRUSTtr units	$9,253,000	–	903,000	–	1.04%	–
TPL	New	TEXAS PAC LD TRsub ctf prop i t	$8,964,000	–	13,000	–	1.01%	–
	New	CALLON PETE CO DELcall	$7,518,000	–	7,000	–	0.85%	–
FANG	New	DIAMONDBACK ENERGY INC	$7,103,000	–	54,000	–	0.80%	–
FRAC	New	KEANE GROUP INC	$5,263,000	–	385,000	–	0.59%	–
CXO	New	CONCHO RESOURCES INC COM STK	$5,155,000	–	37,000	–	0.58%	–
	New	MV OIL TRUSTcall	$5,120,000	–	5,000	–	0.58%	–
VOC	New	VOC ENERGY TRUSTtr units	$4,801,000	–	904,000	–	0.54%	–
PAGP	New	PLAINS GP HOLDINGS LPcall	$4,782,000	–	2,000	–	0.54%	–
MCEP	New	MID CON ENERGY PARTNERS LP	$4,549,000	–	2,757,000	–	0.51%	–
PUMP	New	PROPETRO HLDG CORP	$4,422,000	–	282,000	–	0.50%	–
	New	VOC ENERGY TRUSTcall	$4,269,000	–	9,000	–	0.48%	–
CVIAQ	New	COVIA HLDGS CORP	$4,065,000	–	219,000	–	0.46%	–
HES	New	HESS CORP	$4,013,000	–	60,000	–	0.45%	–
ROYTL	New	PACIFIC COAST OIL TRUSTunit ben int	$2,201,000	–	957,000	–	0.25%	–
TOO	New	TEEKAY OFFSHORE PARTNERS LPpartnership un	$2,179,000	–	825,000	–	0.25%	–
LLEXQ	New	LILIS ENERGY INC	$1,831,000	–	352,000	–	0.21%	–
PRT	New	PERMROCK ROYALTY TRUSTtr unit	$811,000	–	50,000	–	0.09%	–
	New	PACIFIC ETHANOL INCcall	$520,000	–	2,000	–	0.06%	–
PEIX	New	PACIFIC ETHANOL INC	$390,000	–	150,000	–	0.04%	–
	New	MID CON ENERGY PARTNERS LPcall	$204,000	–	1,000	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	MID CON ENERGY PARTNERS LPcall	$0	–	-8,000	–	-0.06%	–
	Exit	MV OIL TRUSTcall	$0	–	-1,000	–	-0.08%	–
PEIX	Exit	PACIFIC ETHANOL INC	$0	–	-150,000	–	-0.11%	–
VLP	Exit	VALERO ENERGY PARTNERS LP	$0	–	-22,000	–	-0.13%	–
LGCY	Exit	LEGACY RESVS LPunit lp int	$0	–	-850,000	–	-0.18%	–
ROYTL	Exit	PACIFIC COAST OIL TRUSTunit ben int	$0	–	-906,000	–	-0.19%	–
LLEXQ	Exit	LILIS ENERGY INC	$0	–	-352,000	–	-0.21%	–
	Exit	EP ENERGY CORPcl a	$0	–	-5,000	–	-0.22%	–
MCEP	Exit	MID CON ENERGY PARTNERS LP	$0	–	-1,425,000	–	-0.22%	–
NDRO	Exit	ENDURO ROYALTY TRUST-NYStr units	$0	–	-468,000	–	-0.28%	–
MVO	Exit	MV OIL TRUSTtr units	$0	–	-464,000	–	-0.36%	–
VOC	Exit	VOC ENERGY TRUSTtr units	$0	–	-784,000	–	-0.40%	–
GLNG	Exit	GOLAR LNG LTD	$0	–	-142,000	–	-0.43%	–
FRAC	Exit	KEANE GROUP INC	$0	–	-200,000	–	-0.45%	–
	Exit	VOC ENERGY TRUSTcall	$0	–	-20,000	–	-0.48%	–
FMSA	Exit	FAIRMOUNT SANTROL HLDGS INC	$0	–	-845,000	–	-0.55%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-282,000	–	-0.55%	–
CDEV	Exit	CENTENNIAL RERSOURCE DEV INCcl a	$0	–	-241,000	–	-0.59%	–
SLCA	Exit	US SILICA HOLDINGS INC	$0	–	-143,000	–	-0.60%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-138,000	–	-0.65%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-430,000	–	-0.66%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-52,000	–	-0.69%	–
CXO	Exit	CONCHO RESOURCES INC COM STK	$0	–	-46,000	–	-0.83%	–
TPL	Exit	TEXAS PAC LD TRsub ctf prop i t	$0	–	-16,000	–	-0.86%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS LPunit ltd int	$0	–	-245,000	–	-0.93%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-657,000	–	-1.66%	–
NBLX	Exit	NOBLE MIDSTREAM PARTNERS LP	$0	–	-325,000	–	-2.29%	–
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-598,000	–	-2.41%	–
TGE	Exit	TALLGRASS ENERGY GP LP - CORP	$0	–	-711,000	–	-2.72%	–
PAGP	Exit	PLAINS GP HOLDINGS LP	$0	–	-1,020,000	–	-3.03%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-451,000	–	-3.22%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-657,000	–	-3.67%	–
ENLC	Exit	ENLINK MIDSTREAM, LLC	$0	–	-1,908,000	–	-4.47%	–
ENLK	Exit	ENLINK MIDSTREAM PARTNERS LP	$0	–	-2,720,000	–	-6.19%	–
ET	Exit	ENERGY TRANSFER EQUITY LP	$0	–	-2,748,000	–	-6.48%	–
TEP	Exit	TALLGRASS ENERGY PARTNERS LP	$0	–	-1,074,000	–	-6.98%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LPunit ltd partn	$0	–	-2,755,000	–	-7.92%	–
GEL	Exit	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$0	–	-2,401,000	–	-8.59%	–
TRGP	Exit	TARGA RESOURCES CORP.	$0	–	-1,391,000	–	-8.92%	–
	Exit	UNITED STATES NATL GAS FUNDput	$0	–	-130,000	–	-10.16%	–
WES	Exit	WESTERN GAS PARTNERS	$0	–	-1,520,000	–	-10.58%	–

Q3 2017

			Value		Shares		↓ Weighting
WES	Sell	WESTERN GAS PARTNERS	$77,952,000	-15.4%	1,520,000	-7.8%	10.58%	-13.3%
	Buy	UNITED STATES NATL GAS FUNDput	$74,791,000	+29.9%	130,000	+54.8%	10.16%	+33.2%
TRGP	Buy	TARGA RESOURCES CORP.	$65,725,000	+6.6%	1,391,000	+1.9%	8.92%	+9.3%
GEL	Buy	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$63,243,000	-14.0%	2,401,000	+3.6%	8.59%	-11.8%
PAA	Sell	PLAINS ALL AMER PIPELINE LPunit ltd partn	$58,350,000	-32.5%	2,755,000	-16.3%	7.92%	-30.8%
TEP	Buy	TALLGRASS ENERGY PARTNERS LP	$51,367,000	-4.1%	1,074,000	+0.3%	6.98%	-1.8%
ET	Buy	ENERGY TRANSFER EQUITY LP	$47,759,000	+22.0%	2,748,000	+25.9%	6.48%	+25.0%
ENLK	Sell	ENLINK MIDSTREAM PARTNERS LP	$45,560,000	-2.7%	2,720,000	-1.6%	6.19%	-0.3%
ENLC	Buy	ENLINK MIDSTREAM, LLC	$32,923,000	-1.1%	1,908,000	+1.0%	4.47%	+1.4%
WGP	Buy	WESTERN GAS EQUITY PARTNERS	$27,035,000	+0.7%	657,000	+5.3%	3.67%	+3.2%
PSXP	New	PHILLIPS 66 PARTNERS LP	$23,677,000	–	451,000	–	3.22%	–
PAGP	Sell	PLAINS GP HOLDINGS LP	$22,333,000	-24.8%	1,020,000	-9.8%	3.03%	-22.9%
NBLX	Buy	NOBLE MIDSTREAM PARTNERS LP	$16,855,000	+57.1%	325,000	+37.1%	2.29%	+61.1%
VNOM	Buy	VIPER ENERGY PARTNERS LP	$12,229,000	+31.8%	657,000	+11.0%	1.66%	+35.1%
SHLX	New	SHELL MIDSTREAM PARTNERS LPunit ltd int	$6,821,000	–	245,000	–	0.93%	–
CPE	Buy	CALLON PETE CO DEL	$4,833,000	+28.3%	430,000	+21.1%	0.66%	+31.5%
FMSA	Sell	FAIRMOUNT SANTROL HLDGS INC	$4,039,000	+15.0%	845,000	-6.2%	0.55%	+17.8%
	Buy	VOC ENERGY TRUSTcall	$3,572,000	-12.6%	20,000	+100.0%	0.48%	-10.4%
VOC	Buy	VOC ENERGY TRUSTtr units	$2,924,000	-10.3%	784,000	+2.6%	0.40%	-8.1%
MVO	Buy	MV OIL TRUSTtr units	$2,668,000	+2.1%	464,000	+3.1%	0.36%	+4.6%
MCEP	Buy	MID CON ENERGY PARTNERS LP	$1,638,000	+4.7%	1,425,000	+23.9%	0.22%	+7.2%
	New	EP ENERGY CORPcl a	$1,630,000	–	5,000	–	0.22%	–
LLEXQ	Buy	LILIS ENERGY INC	$1,574,000	+6.4%	352,000	+16.6%	0.21%	+9.2%
LGCY	Buy	LEGACY RESVS LPunit lp int	$1,292,000	+47.5%	850,000	+41.7%	0.18%	+50.9%
VLP	Sell	VALERO ENERGY PARTNERS LP	$961,000	-49.9%	22,000	-47.6%	0.13%	-48.8%
PEIX	New	PACIFIC ETHANOL INC	$833,000	–	150,000	–	0.11%	–
	Sell	MV OIL TRUSTcall	$572,000	-77.5%	1,000	-75.0%	0.08%	-76.8%
	Buy	MID CON ENERGY PARTNERS LPcall	$460,000	-51.7%	8,000	+14.3%	0.06%	-50.8%
APC	Exit	ANADARKO PETE CORP	$0	–	-12,000	–	-0.07%	–
CFWFF	Exit	CALFRAC WELL SERVICES LTDunit ltd partn	$0	–	-330,000	–	-0.08%	–
	Exit	LEGACY RESVS LPcall	$0	–	-5,000	–	-0.10%	–
	Exit	FAIRMOUNT SANTROL HLDGS INCcall	$0	–	-2,000	–	-0.10%	–
	Exit	PACIFIC ETHANOL INCcall	$0	–	-2,000	–	-0.12%	–
	Exit	EP ENERGY CORPcall	$0	–	-5,000	–	-0.24%	–
	Exit	CALLON PETE CO DELcall	$0	–	-2,000	–	-0.28%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-80,000	–	-0.29%	–
	Exit	UNITED STATES OIL FUND LPput	$0	–	-5,000	–	-0.63%	–
DCP	Exit	DCP MIDSTREAM LP	$0	–	-464,000	–	-2.08%	–

Q2 2017

			Value		Shares		↓ Weighting
WES	New	WESTERN GAS PARTNERS	$92,175,000	–	1,648,000	–	12.21%	–
PAA	New	PLAINS ALL AMER PIPELINE LPunit ltd partn	$86,480,000	–	3,293,000	–	11.46%	–
GEL	New	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$73,530,000	–	2,317,000	–	9.74%	–
TRGP	New	TARGA RESOURCES CORP.	$61,649,000	–	1,365,000	–	8.17%	–
	New	UNITED STATES NATL GAS FUNDput	$57,562,000	–	84,000	–	7.63%	–
TEP	New	TALLGRASS ENERGY PARTNERS LP	$53,590,000	–	1,071,000	–	7.10%	–
ENLK	New	ENLINK MIDSTREAM PARTNERS LP	$46,834,000	–	2,763,000	–	6.20%	–
ET	New	ENERGY TRANSFER EQUITY LP	$39,161,000	–	2,182,000	–	5.19%	–
ENLC	New	ENLINK MIDSTREAM, LLC	$33,276,000	–	1,889,000	–	4.41%	–
PAGP	New	PLAINS GP HOLDINGS LP	$29,683,000	–	1,131,000	–	3.93%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$26,852,000	–	624,000	–	3.56%	–
TGE	New	TALLGRASS ENERGY GP LP - CORP	$18,016,000	–	711,000	–	2.39%	–
REN	New	RESOLUTE ENERGY CORP	$17,789,000	–	598,000	–	2.36%	–
DCP	New	DCP MIDSTREAM LP	$15,724,000	–	464,000	–	2.08%	–
NBLX	New	NOBLE MIDSTREAM PARTNERS LP	$10,729,000	–	237,000	–	1.42%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$9,279,000	–	592,000	–	1.23%	–
CXO	New	CONCHO RESOURCES INC COM STK	$5,622,000	–	46,000	–	0.74%	–
SLCA	New	US SILICA HOLDINGS INC	$5,065,000	–	143,000	–	0.67%	–
	New	UNITED STATES OIL FUND LPput	$4,750,000	–	5,000	–	0.63%	–
FANG	New	DIAMONDBACK ENERGY INC	$4,617,000	–	52,000	–	0.61%	–
TPL	New	TEXAS PAC LD TRsub ctf prop i t	$4,606,000	–	16,000	–	0.61%	–
RSPP	New	RSP PERMIAN INC	$4,448,000	–	138,000	–	0.59%	–
	New	VOC ENERGY TRUSTcall	$4,087,000	–	10,000	–	0.54%	–
PUMP	New	PROPETRO HLDG CORP	$3,937,000	–	282,000	–	0.52%	–
CDEV	New	CENTENNIAL RERSOURCE DEV INCcl a	$3,807,000	–	241,000	–	0.50%	–
CPE	New	CALLON PETE CO DEL	$3,767,000	–	355,000	–	0.50%	–
FMSA	New	FAIRMOUNT SANTROL HLDGS INC	$3,513,000	–	901,000	–	0.46%	–
VOC	New	VOC ENERGY TRUSTtr units	$3,261,000	–	764,000	–	0.43%	–
FRAC	New	KEANE GROUP INC	$3,200,000	–	200,000	–	0.42%	–
GLNG	New	GOLAR LNG LTD	$3,149,000	–	142,000	–	0.42%	–
MVO	New	MV OIL TRUSTtr units	$2,613,000	–	450,000	–	0.35%	–
	New	MV OIL TRUSTcall	$2,537,000	–	4,000	–	0.34%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS	$2,166,000	–	80,000	–	0.29%	–
	New	CALLON PETE CO DELcall	$2,122,000	–	2,000	–	0.28%	–
VLP	New	VALERO ENERGY PARTNERS LP	$1,917,000	–	42,000	–	0.25%	–
	New	EP ENERGY CORPcall	$1,830,000	–	5,000	–	0.24%	–
MCEP	New	MID CON ENERGY PARTNERS LP	$1,564,000	–	1,150,000	–	0.21%	–
NDRO	New	ENDURO ROYALTY TRUST-NYStr units	$1,522,000	–	468,000	–	0.20%	–
LLEXQ	New	LILIS ENERGY INC	$1,480,000	–	302,000	–	0.20%	–
ROYTL	New	PACIFIC COAST OIL TRUSTunit ben int	$1,468,000	–	906,000	–	0.19%	–
	New	MID CON ENERGY PARTNERS LPcall	$952,000	–	7,000	–	0.13%	–
	New	PACIFIC ETHANOL INCcall	$938,000	–	2,000	–	0.12%	–
LGCY	New	LEGACY RESVS LPunit lp int	$876,000	–	600,000	–	0.12%	–
	New	FAIRMOUNT SANTROL HLDGS INCcall	$780,000	–	2,000	–	0.10%	–
	New	LEGACY RESVS LPcall	$730,000	–	5,000	–	0.10%	–
CFWFF	New	CALFRAC WELL SERVICES LTDunit ltd partn	$639,000	–	330,000	–	0.08%	–
APC	New	ANADARKO PETE CORP	$544,000	–	12,000	–	0.07%	–

Q4 2016

			Value		Shares		↓ Weighting
MCEP	Exit	MID-CON ENERGY PARTNERS LP(NSM)	$0	–	-12,000	–	-0.01%	–
LGCY	Exit	LEGACY RESVS LPunit lp int	$0	–	-100,000	–	-0.02%	–
GMLP	Exit	GOLAR LNG PARTNERS LP	$0	–	-10,000	–	-0.03%	–
HGTXU	Exit	HUGOTON ROYALTY TRUST Ccall	$0	–	-250,000	–	-0.08%	–
NDRO	Exit	ENDURO ROYALTY TRUST-NYStr units	$0	–	-280,000	–	-0.14%	–
VOC	Exit	VOC ENERGY TRUSTtr units	$0	–	-338,000	–	-0.14%	–
DNOW	Exit	NOW INC(NYS)	$0	–	-50,000	–	-0.15%	–
ROYTL	Exit	PACIFIC COAST OIL TRUSTunit ben int	$0	–	-650,000	–	-0.17%	–
ROYTL	Exit	PACIFIC COAST OIL TRUSTcall	$0	–	-650,000	–	-0.17%	–
NBR	Exit	NABORS INDUSTRIES LTD (NYS)	$0	–	-100,000	–	-0.17%	–
EQM	Exit	EQT MIDSTREAM PARTNERS LPunit ltd partn	$0	–	-17,000	–	-0.19%	–
BPT	Exit	BP PRUDHOE BAY ROYALTY TRUSTunit ben int	$0	–	-77,000	–	-0.20%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-21,000	–	-0.21%	–
MVO	Exit	MV OIL TRUSTcall	$0	–	-259,000	–	-0.21%	–
MVO	Exit	MV OIL TRUSTtr units	$0	–	-259,000	–	-0.21%	–
SRAQU	Exit	SILVER RUN ACQUISITIONunit	$0	–	-91,000	–	-0.23%	–
VLP	Exit	VALERO ENERGY PARTNERS LP	$0	–	-42,000	–	-0.26%	–
RES	Exit	RPC Inc	$0	–	-125,000	–	-0.30%	–
GLNG	Exit	GOLAR LNG LTD	$0	–	-117,000	–	-0.35%	–
CPE	Exit	CALLON PETROLEUM COMPANY	$0	–	-161,000	–	-0.35%	–
PEIX	Exit	PACIFIC ETHANOL INC	$0	–	-371,000	–	-0.36%	–
PEIX	Exit	PACIFIC ETHANOL INCcall	$0	–	-371,000	–	-0.36%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-179,000	–	-0.41%	–
SLCA	Exit	US SILICA HOLDINGS INC	$0	–	-66,000	–	-0.42%	–
ECA	Exit	ENCANA CORPORATION	$0	–	-355,000	–	-0.52%	–
CHK	Exit	CHESAPEAKE ENERGY CORPORATION	$0	–	-600,000	–	-0.53%	–
NBLX	Exit	NOBLE MIDSTREAM PARTNERS LP	$0	–	-151,000	–	-0.59%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC	$0	–	-190,000	–	-0.60%	–
NFX	Exit	NEWFIELD EXPLORATION CO(NYS)	$0	–	-105,000	–	-0.64%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-54,000	–	-0.73%	–
DVN	Exit	DEVON ENERGY CORPORATION	$0	–	-120,000	–	-0.74%	–
CXO	Exit	CONCHO RESOURCES INC COM STK	$0	–	-38,000	–	-0.74%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-150,000	–	-0.82%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-123,000	–	-0.90%	–
SXL	Exit	SUNOCO LOGISTICS PARTNERS L.P.	$0	–	-347,000	–	-1.38%	–
HEP	Exit	HOLLY ENERGY PARTNERS LP	$0	–	-302,000	–	-1.44%	–
OKE	Exit	ONEOK INC(NYS)unit ltd partn	$0	–	-228,000	–	-1.65%	–
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-496,000	–	-1.81%	–
ENLC	Exit	ENLINK MIDSTREAM, LLC	$0	–	-1,283,000	–	-3.02%	–
MPLX	Exit	MPLX LP	$0	–	-680,000	–	-3.23%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-595,000	–	-3.55%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-1,118,000	–	-4.33%	–
PAGP	Exit	PLAINS GP HOLDINGS LP	$0	–	-2,442,000	–	-4.44%	–
TGE	Exit	TALLGRASS ENERGY GP LP - CORP	$0	–	-1,343,000	–	-4.53%	–
TRGP	Exit	TARGA RESOURCES CORP.	$0	–	-945,000	–	-6.51%	–
ENLK	Exit	ENLINK MIDSTREAM PARTNERS LP	$0	–	-3,556,000	–	-8.84%	–
GEL	Exit	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$0	–	-1,737,000	–	-9.25%	–
TEP	Exit	TALLGRASS ENERGY PARTNERS LP	$0	–	-1,396,000	–	-9.44%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LPunit ltd partn	$0	–	-2,768,000	–	-12.19%	–
WES	Exit	WESTERN GAS PARTNERS	$0	–	-1,614,000	–	-12.48%	–

Q3 2016

			Value		Shares		↓ Weighting
WES	Buy	WESTERN GAS PARTNERS	$88,900,000	+13.7%	1,614,000	+4.1%	12.48%	+7.1%
PAA	Sell	PLAINS ALL AMER PIPELINE LPunit ltd partn	$86,870,000	+8.0%	2,768,000	-5.4%	12.19%	+1.7%
TEP	Sell	TALLGRASS ENERGY PARTNERS LP	$67,227,000	-10.0%	1,396,000	-14.0%	9.44%	-15.2%
GEL	Buy	GENESIS ENERGY LP HOUSTON COMunit ltd partn	$65,920,000	+0.7%	1,737,000	+1.8%	9.25%	-5.2%
ENLK	Buy	ENLINK MIDSTREAM PARTNERS LP	$62,995,000	+23.9%	3,556,000	+16.3%	8.84%	+16.6%
TRGP	Buy	TARGA RESOURCES CORP.	$46,354,000	+332.7%	945,000	+272.0%	6.51%	+307.5%
TGE	Sell	TALLGRASS ENERGY GP LP - CORP	$32,294,000	+5.7%	1,343,000	-0.7%	4.53%	-0.5%
PAGP	Buy	PLAINS GP HOLDINGS LP	$31,607,000	+32.8%	2,442,000	+0.2%	4.44%	+25.0%
EPD	Sell	ENTERPRISE PRODUCTS PARTNERS	$30,873,000	-56.8%	1,118,000	-54.2%	4.33%	-59.3%
WGP	Buy	WESTERN GAS EQUITY PARTNERS	$25,262,000	+232.8%	595,000	+200.5%	3.55%	+213.5%
MPLX	Sell	MPLX LP	$22,996,000	-57.1%	680,000	-57.4%	3.23%	-59.6%
ENLC	Buy	ENLINK MIDSTREAM, LLC	$21,488,000	+16.3%	1,283,000	+10.4%	3.02%	+9.5%
REN	Sell	RESOLUTE ENERGY CORP	$12,920,000	+500.7%	496,000	-31.5%	1.81%	+465.1%
OKE	Buy	ONEOK INC(NYS)unit ltd partn	$11,738,000	+40.2%	228,000	+29.5%	1.65%	+32.1%
HEP	Buy	HOLLY ENERGY PARTNERS LP	$10,246,000	-1.4%	302,000	+0.7%	1.44%	-7.2%
SXL	Buy	SUNOCO LOGISTICS PARTNERS L.P.	$9,836,000	+58.0%	347,000	+59.9%	1.38%	+48.8%
CLR	Sell	CONTINENTAL RESOURCES INC	$6,391,000	+2.3%	123,000	-10.9%	0.90%	-3.7%
RSPP	Sell	RSP PERMIAN INC	$5,806,000	+4.2%	150,000	-6.2%	0.82%	-1.9%
DVN	Sell	DEVON ENERGY CORPORATION	$5,294,000	-2.6%	120,000	-20.0%	0.74%	-8.4%
CXO	Sell	CONCHO RESOURCES INC COM STK	$5,292,000	+6.9%	38,000	-9.5%	0.74%	+0.7%
FANG	Sell	DIAMONDBACK ENERGY INC	$5,204,000	-17.2%	54,000	-21.7%	0.73%	-22.1%
NFX	Sell	NEWFIELD EXPLORATION CO(NYS)	$4,537,000	-27.4%	105,000	-25.5%	0.64%	-31.6%
PTEN	New	PATTERSON-UTI ENERGY INC	$4,250,000	–	190,000	–	0.60%	–
NBLX	New	NOBLE MIDSTREAM PARTNERS LP	$4,185,000	–	151,000	–	0.59%	–
CHK	New	CHESAPEAKE ENERGY CORPORATION	$3,762,000	–	600,000	–	0.53%	–
ECA	Buy	ENCANA CORPORATION	$3,716,000	+151.1%	355,000	+86.8%	0.52%	+136.2%
SLCA	New	US SILICA HOLDINGS INC	$3,026,000	–	66,000	–	0.42%	–
VNOM	Sell	VIPER ENERGY PARTNERS LP	$2,900,000	-20.4%	179,000	-8.2%	0.41%	-25.0%
PEIX	Buy	PACIFIC ETHANOL INCcall	$2,564,000	+839.2%	371,000	+642.0%	0.36%	+778.0%
PEIX	Buy	PACIFIC ETHANOL INC	$2,564,000	+52.2%	371,000	+20.1%	0.36%	+43.4%
CPE	Sell	CALLON PETROLEUM COMPANY	$2,515,000	+21.0%	161,000	-13.0%	0.35%	+13.9%
GLNG	Sell	GOLAR LNG LTD	$2,470,000	+12.6%	117,000	-17.6%	0.35%	+6.1%
RES	New	RPC Inc	$2,100,000	–	125,000	–	0.30%	–
VLP	Sell	VALERO ENERGY PARTNERS LP	$1,835,000	-36.0%	42,000	-31.1%	0.26%	-39.6%
SRAQU	Buy	SILVER RUN ACQUISITIONunit	$1,633,000	+193.7%	91,000	+62.5%	0.23%	+175.9%
MVO	Buy	MV OIL TRUSTcall	$1,480,000	+655.1%	259,000	+735.5%	0.21%	+617.2%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$1,482,000	-37.0%	21,000	-32.3%	0.21%	-40.7%
BPT	Buy	BP PRUDHOE BAY ROYALTY TRUSTunit ben int	$1,439,000	+11.2%	77,000	+10.0%	0.20%	+4.7%
NBR	New	NABORS INDUSTRIES LTD (NYS)	$1,216,000	–	100,000	–	0.17%	–
ROYTL	New	PACIFIC COAST OIL TRUSTcall	$1,184,000	–	650,000	–	0.17%	–
ROYTL	Buy	PACIFIC COAST OIL TRUSTunit ben int	$1,184,000	+149.8%	650,000	+187.6%	0.17%	+133.8%
DNOW	New	NOW INC(NYS)	$1,072,000	–	50,000	–	0.15%	–
VOC	Buy	VOC ENERGY TRUSTtr units	$1,011,000	-4.3%	338,000	+5.6%	0.14%	-9.6%
NDRO	Buy	ENDURO ROYALTY TRUST-NYStr units	$990,000	+3.6%	280,000	+8.5%	0.14%	-2.8%
LGCY	Buy	LEGACY RESVS LPunit lp int	$135,000	+66.7%	100,000	+100.0%	0.02%	+58.3%
MCEP	New	MID-CON ENERGY PARTNERS LP(NSM)	$34,000	–	12,000	–	0.01%	–
EVEPQ	Exit	EV ENERGY PARTNERS LP	$0	–	-150,000	–	-0.05%	–
EVEPQ	Exit	EV ENERGY PARTNERS LPcall	$0	–	-300,000	–	-0.10%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS LPunit ltd int	$0	–	-32,000	–	-0.16%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORPORATIONcall	$0	–	-25,000	–	-0.28%	–
PAGP	Exit	PLAINS GP HOLDINGS LPcall	$0	–	-200,000	–	-0.29%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-101,000	–	-0.80%	–
TGE	Exit	TALLGRASS ENERGY GP LP - CORPput	$0	–	-300,000	–	-1.01%	–

Q2 2016

			Value		Shares		↓ Weighting
PAA	New	PLAINS ALL AMER PIPELINE LPunit ltd partn	$80,424,000	–	2,926,000	–	11.99%	–
WES	New	WESTERN GAS PARTNERS	$78,166,000	–	1,551,000	–	11.65%	–
TEP	New	TALLGRASS ENERGY PARTNERS LP	$74,680,000	–	1,623,000	–	11.13%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS, L.P.	$71,456,000	–	2,442,000	–	10.65%	–
GEL	New	GENESIS ENERGY LPunit ltd partn	$65,474,000	–	1,706,000	–	9.76%	–
MPLX	New	MPLX LP	$53,631,000	–	1,595,000	–	8.00%	–
ENLK	New	ENLINK MIDSTREAM PARTNERS LP	$50,859,000	–	3,058,000	–	7.58%	–
TGE	New	TALLGRASS ENERGY GP LP - CORP	$30,548,000	–	1,353,000	–	4.55%	–
PAGP	New	PLAINS GP HOLDINGS LP	$23,807,000	–	2,438,000	–	3.55%	–
ENLC	New	ENLINK MIDSTREAM, LLC	$18,482,000	–	1,162,000	–	2.76%	–
TRGP	New	TARGA RESOURCES CORP.	$10,713,000	–	254,000	–	1.60%	–
HEP	New	HOLLY ENERGY PARTNERS LP	$10,395,000	–	300,000	–	1.55%	–
OKE	New	ONEOK INC.	$8,373,000	–	176,000	–	1.25%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$7,590,000	–	198,000	–	1.13%	–
TGE	New	TALLGRASS ENERGY GP LP - CORPput	$6,771,000	–	300,000	–	1.01%	–
FANG	New	DIAMONDBACK ENERGY INC	$6,285,000	–	69,000	–	0.94%	–
NFX	New	NEWFIELD EXPLORATION CO	$6,247,000	–	141,000	–	0.93%	–
CLR	New	CONTINENTAL RESOURCES INC.	$6,247,000	–	138,000	–	0.93%	–
SXL	New	SUNOCO LOGISTICS PARTNERS L.P.	$6,227,000	–	217,000	–	0.93%	–
RSPP	New	RSP PERMIAN INC	$5,572,000	–	160,000	–	0.83%	–
DVN	New	DEVON ENERGY CORPORATION	$5,438,000	–	150,000	–	0.81%	–
APC	New	ANADARKO PETROLEUM CORP	$5,372,000	–	101,000	–	0.80%	–
CXO	New	CONCHO RESOURCES INC COM STK	$4,952,000	–	42,000	–	0.74%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$3,644,000	–	195,000	–	0.54%	–
VLP	New	VALERO ENERGY PARTNERS LP	$2,867,000	–	61,000	–	0.43%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS, L.P.	$2,352,000	–	31,000	–	0.35%	–
GLNG	New	GOLAR LNG LTD	$2,193,000	–	142,000	–	0.33%	–
REN	New	RESOLUTE ENERGY CORP	$2,151,000	–	724,000	–	0.32%	–
CPE	New	CALLON PETROLEUM COMPANY	$2,078,000	–	185,000	–	0.31%	–
PAGP	New	PLAINS GP HOLDINGS LPcall	$1,953,000	–	200,000	–	0.29%	–
OXY	New	OCCIDENTAL PETROLEUM CORPORATIONcall	$1,889,000	–	25,000	–	0.28%	–
PEIX	New	PACIFIC ETHANOL INC	$1,685,000	–	309,000	–	0.25%	–
MVO	New	MV OIL TRUSTtr units	$1,633,000	–	259,000	–	0.24%	–
ECA	New	ENCANA CORPORATION	$1,480,000	–	190,000	–	0.22%	–
EQM	New	EQT MIDSTREAM PARTNERS LPunit ltd partn	$1,397,000	–	17,000	–	0.21%	–
BPT	New	BP PRUDHOE BAY ROYALTY TRUSTunit ben int	$1,294,000	–	70,000	–	0.19%	–
SHLX	New	SHELL MIDSTREAM PARTNERS LPunit ltd int	$1,096,000	–	32,000	–	0.16%	–
VOC	New	VOC ENERGY TRUSTtr units	$1,056,000	–	320,000	–	0.16%	–
NDRO	New	ENDURO ROYALTY TRUST-NYStr units	$956,000	–	258,000	–	0.14%	–
EVEPQ	New	EV ENERGY PARTNERS LPcall	$687,000	–	300,000	–	0.10%	–
HGTXU	New	HUGOTON ROYALTY TRUSTcall	$590,000	–	250,000	–	0.09%	–
SRAQU	New	SILVER RUN ACQUISITIONunit	$556,000	–	56,000	–	0.08%	–
ROYTL	New	PACIFIC COAST OIL TRUSTunit ben int	$474,000	–	226,000	–	0.07%	–
EVEPQ	New	EV ENERGY PARTNERS LP	$344,000	–	150,000	–	0.05%	–
PEIX	New	PACIFIC ETHANOL INCcall	$273,000	–	50,000	–	0.04%	–
MVO	New	MV OIL TRUSTcall	$196,000	–	31,000	–	0.03%	–
GMLP	New	GOLAR LNG PARTNERS LP	$183,000	–	10,000	–	0.03%	–
LGCY	New	LEGACY RESERVES, LPunit lp int	$81,000	–	50,000	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
VNRSQ	Exit	VANGUARG NATURAL RESOURCES LLCput	$0	–	-15,000	–	-0.02%	–
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-300,000	–	-0.02%	–
NDRO	Exit	ENDURO ROYALTY TRUSTtr unti	$0	–	-50,000	–	-0.02%	–
DOMR	Exit	DOMINION RES BLACK WARRIORunits ben int	$0	–	-240,000	–	-0.06%	–
LRE	Exit	LRR ENERGY LP	$0	–	-91,000	–	-0.06%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-13,000	–	-0.08%	–
SDPI	Exit	SUPERIOR DRILLING PRODUCTS I	$0	–	-394,000	–	-0.08%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS LPunit ltd int	$0	–	-20,000	–	-0.09%	–
EVEPQ	Exit	EV ENERGY PARTNERS LPcall	$0	–	-100,000	–	-0.10%	–
VOC	Exit	VOC ENERGY TRUSTtr units	$0	–	-174,000	–	-0.10%	–
TRGP	Exit	TARGA RESOURCES CORP	$0	–	-16,000	–	-0.13%	–
MPLX	Exit	MPLX LP	$0	–	-24,000	–	-0.15%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-23,000	–	-0.15%	–
MVO	Exit	MV OIL TRUSTtr units	$0	–	-180,000	–	-0.17%	–
GLNG	Exit	GOLAR LNG LTD	$0	–	-42,000	–	-0.19%	–
PEIX	Exit	PACIFIC ETHANOL INC	$0	–	-255,000	–	-0.27%	–
VLP	Exit	VALERO ENERGY PARTNERS LP	$0	–	-38,000	–	-0.27%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-70,000	–	-0.31%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS	$0	–	-43,000	–	-0.42%	–
XEC	Exit	CIMAREX ENERGY COcall	$0	–	-50,000	–	-0.83%	–
NFX	Exit	NEWFIELD EXPLORATION CO	$0	–	-210,000	–	-1.12%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-493,000	–	-1.14%	–
SYRG	Exit	SYNERGY RESOURCES CORP	$0	–	-853,000	–	-1.36%	–
EGN	Exit	ENERGEN CORP	$0	–	-180,000	–	-1.46%	–
EROC	Exit	EAGLE ROCK ENERGY PARTNERSunit	$0	–	-7,594,000	–	-1.56%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-165,000	–	-1.62%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-140,000	–	-1.65%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-163,000	–	-1.71%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-559,000	–	-1.84%	–
CXO	Exit	CONCHO RESOURCES INC	$0	–	-126,000	–	-2.01%	–
TGE	Exit	TALLGRASS ENERGY GP LP	$0	–	-1,181,000	–	-3.80%	–
EVEPQ	Exit	EV ENERGY PARTNERS LP	$0	–	-4,003,000	–	-3.89%	–
PAGP	Exit	PLAINS GP HOLDINGS LP-CL A	$0	–	-1,434,000	–	-4.07%	–
NGLS	Exit	TARGA RESOURCES PARTNERS LP	$0	–	-1,259,000	–	-5.93%	–
MWE	Exit	MARKWEST ENERGY PARTNERS LPunit ltd partn	$0	–	-871,000	–	-6.06%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-1,779,000	–	-7.18%	–
ENLK	Exit	ENLINK MIDSTREAM PARTNERS LP	$0	–	-3,130,000	–	-8.00%	–
TEP	Exit	TALLGRASS ENERGY PARTNERS LP	$0	–	-1,411,000	–	-8.98%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-1,414,000	–	-10.73%	–
GEL	Exit	GENESIS ENERGY L.P.unit ltd partn	$0	–	-1,782,000	–	-11.08%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LPunit ltd partn	$0	–	-2,293,000	–	-11.29%	–

Q3 2015

			Value		Shares		↓ Weighting
PAA	Buy	PLAINS ALL AMER PIPELINE LPunit ltd partn	$69,660,000	-9.2%	2,293,000	+30.2%	11.29%	+11.5%
GEL	Buy	GENESIS ENERGY L.P.unit ltd partn	$68,323,000	-0.8%	1,782,000	+13.5%	11.08%	+21.8%
WES	Buy	WESTERN GAS PARTNERS LP	$66,192,000	-23.8%	1,414,000	+3.1%	10.73%	-6.4%
TEP	Buy	TALLGRASS ENERGY PARTNERS LP	$55,420,000	-15.6%	1,411,000	+3.3%	8.98%	+3.6%
ENLK	Buy	ENLINK MIDSTREAM PARTNERS LP	$49,326,000	-21.1%	3,130,000	+9.9%	8.00%	-3.1%
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS	$44,290,000	+64.3%	1,779,000	+97.2%	7.18%	+101.7%
MWE	Buy	MARKWEST ENERGY PARTNERS LPunit ltd partn	$37,382,000	-21.9%	871,000	+2.6%	6.06%	-4.1%
NGLS	Sell	TARGA RESOURCES PARTNERS LP	$36,553,000	-25.7%	1,259,000	-1.3%	5.93%	-8.8%
PAGP	Buy	PLAINS GP HOLDINGS LP-CL A	$25,094,000	-27.9%	1,434,000	+6.5%	4.07%	-11.4%
EVEPQ	Buy	EV ENERGY PARTNERS LP	$24,015,000	-38.3%	4,003,000	+17.5%	3.89%	-24.3%
TGE	Buy	TALLGRASS ENERGY GP LP	$23,462,000	-27.0%	1,181,000	+18.1%	3.80%	-10.4%
RSPP	Buy	RSP PERMIAN INC	$11,320,000	-15.0%	559,000	+17.9%	1.84%	+4.3%
FANG	Sell	DIAMONDBACK ENERGY INC	$10,536,000	-34.4%	163,000	-23.5%	1.71%	-19.5%
EOG	New	EOG RESOURCES INC	$10,192,000	–	140,000	–	1.65%	–
APC	Buy	ANADARKO PETROLEUM CORP	$9,964,000	+2.1%	165,000	+32.0%	1.62%	+25.4%
EROC	Buy	EAGLE ROCK ENERGY PARTNERSunit	$9,644,000	-46.0%	7,594,000	+6.3%	1.56%	-33.7%
EGN	Buy	ENERGEN CORP	$8,975,000	-9.4%	180,000	+24.1%	1.46%	+11.2%
SYRG	Sell	SYNERGY RESOURCES CORP	$8,359,000	-30.5%	853,000	-19.0%	1.36%	-14.7%
VNOM	Buy	VIPER ENERGY PARTNERS LP	$7,048,000	+17.3%	493,000	+61.6%	1.14%	+44.1%
NFX	Sell	NEWFIELD EXPLORATION CO	$6,909,000	-16.8%	210,000	-8.7%	1.12%	+2.1%
XEC	New	CIMAREX ENERGY COcall	$5,124,000	–	50,000	–	0.83%	–
MMP	Buy	MAGELLAN MIDSTREAM PARTNERS	$2,581,000	-3.9%	43,000	+16.2%	0.42%	+17.7%
KMI	Sell	KINDER MORGAN INC	$1,938,000	-81.8%	70,000	-74.8%	0.31%	-77.7%
VLP	Buy	VALERO ENERGY PARTNERS LP	$1,670,000	+13.5%	38,000	+31.0%	0.27%	+39.7%
MVO	New	MV OIL TRUSTtr units	$1,047,000	–	180,000	–	0.17%	–
MPLX	New	MPLX LP	$906,000	–	24,000	–	0.15%	–
TRGP	New	TARGA RESOURCES CORP	$822,000	–	16,000	–	0.13%	–
VOC	New	VOC ENERGY TRUSTtr units	$642,000	–	174,000	–	0.10%	–
EVEPQ	New	EV ENERGY PARTNERS LPcall	$600,000	–	100,000	–	0.10%	–
SDPI	Sell	SUPERIOR DRILLING PRODUCTS I	$524,000	-65.4%	394,000	-28.2%	0.08%	-57.5%
LRE	New	LRR ENERGY LP	$367,000	–	91,000	–	0.06%	–
DOMR	New	DOMINION RES BLACK WARRIORunits ben int	$341,000	–	240,000	–	0.06%	–
NDRO	New	ENDURO ROYALTY TRUSTtr unti	$133,000	–	50,000	–	0.02%	–
REN	New	RESOLUTE ENERGY CORP	$116,000	–	300,000	–	0.02%	–
VNRSQ	New	VANGUARG NATURAL RESOURCES LLCput	$112,000	–	15,000	–	0.02%	–
GMLP	Exit	Golar LNG Partners LP	$0	–	-11,000	–	-0.04%	–
OKS	Exit	ONEOK Partners LPunit ltd partn	$0	–	-29,000	–	-0.13%	–
PVAHQ	Exit	Penn Virginia Corporation	$0	–	-975,000	–	-0.56%	–
FANG	Exit	Diamondback Energy Incput	$0	–	-90,000	–	-0.90%	–
ENLC	Exit	Enlink Midstream, LLC	$0	–	-251,000	–	-1.03%	–
MEMPQ	Exit	Memorial Production Partners LP	$0	–	-1,035,000	–	-2.03%	–

Q2 2015

			Value		Shares		↓ Weighting
WES	New	Western Gas Partners LP	$86,874,000	–	1,371,000	–	11.47%	–
PAA	New	Plains All American Pipeline LPunit ltd partn	$76,722,000	–	1,761,000	–	10.13%	–
GEL	New	Genesis Energy LPunit ltd partn	$68,904,000	–	1,570,000	–	9.10%	–
TEP	New	Tallgrass Energy Partners LP	$65,676,000	–	1,366,000	–	8.67%	–
ENLK	New	Enlink Midstream Partners LP	$62,541,000	–	2,847,000	–	8.26%	–
NGLS	New	Targa Res Partners, LP	$49,221,000	–	1,275,000	–	6.50%	–
MWE	New	Markwest Energy Partners LPunit ltd partn	$47,841,000	–	849,000	–	6.32%	–
EVEPQ	New	EV Energy Partners LP Com Stock	$38,928,000	–	3,406,000	–	5.14%	–
PAGP	New	Plains GP Holdings, L.P.	$34,796,000	–	1,347,000	–	4.59%	–
TGE	New	Tallgrass Energy GP, LP	$32,150,000	–	1,000,000	–	4.24%	–
EPD	New	Enterprise Products Partners, LP	$26,956,000	–	902,000	–	3.56%	–
EROC	New	Eagle Rock Energy Partners, LPunit	$17,868,000	–	7,147,000	–	2.36%	–
FANG	New	Diamondback Energy Inc	$16,063,000	–	213,000	–	2.12%	–
MEMPQ	New	Memorial Production Partners LP	$15,365,000	–	1,035,000	–	2.03%	–
CXO	New	Concho Resources Inc	$14,368,000	–	126,000	–	1.90%	–
RSPP	New	RSP Permian Inc.	$13,324,000	–	474,000	–	1.76%	–
SYRG	New	Synergy Resources Corporation	$12,035,000	–	1,053,000	–	1.59%	–
KMI	New	Kinder Morgan Inc	$10,673,000	–	278,000	–	1.41%	–
EGN	New	Energen Corporation	$9,904,000	–	145,000	–	1.31%	–
APC	New	Anadarko Petroleum Corporation	$9,758,000	–	125,000	–	1.29%	–
NFX	New	Newfield Exploration Company	$8,308,000	–	230,000	–	1.10%	–
ENLC	New	Enlink Midstream, LLC	$7,790,000	–	251,000	–	1.03%	–
FANG	New	Diamondback Energy Incput	$6,784,000	–	90,000	–	0.90%	–
VNOM	New	Viper Energy Partners LP	$6,008,000	–	305,000	–	0.79%	–
PVAHQ	New	Penn Virginia Corporation	$4,271,000	–	975,000	–	0.56%	–
MMP	New	Magellan Midstream Partners LP	$2,686,000	–	37,000	–	0.36%	–
PEIX	New	Pacific Ethanol, Inc.	$2,632,000	–	255,000	–	0.35%	–
GLNG	New	Golar Lng Ltd	$1,942,000	–	42,000	–	0.26%	–
SDPI	New	Superior Drilling Products, Inc	$1,515,000	–	549,000	–	0.20%	–
VLP	New	Valero Energy Partners LP	$1,472,000	–	29,000	–	0.19%	–
SEP	New	Spectra Energy Partners, LP	$1,082,000	–	23,000	–	0.14%	–
OKS	New	ONEOK Partners LPunit ltd partn	$1,000,000	–	29,000	–	0.13%	–
SHLX	New	Shell Midstream Partners, L.P.unit ltd int	$899,000	–	20,000	–	0.12%	–
WGP	New	Western Gas Equity Partners	$754,000	–	13,000	–	0.10%	–
GMLP	New	Golar LNG Partners LP	$275,000	–	11,000	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
EVEPQ	Exit	EV Energy Partners LP Com Stockcall	$0	–	-3,000	–	-0.01%	–
EROC	Exit	Eagle Rock Energy Partners, LPcall	$0	–	-64,000	–	-0.02%	–
VNOM	Exit	Viper Energy Partners LP	$0	–	-24,000	–	-0.05%	–
WGP	Exit	Western Gas Equity Partners	$0	–	-13,000	–	-0.07%	–
SEP	Exit	Spectra Energy Partners, LP	$0	–	-23,000	–	-0.12%	–
OKS	Exit	ONEOK Partners LPunit ltd partn	$0	–	-29,000	–	-0.15%	–
CHK	Exit	Chesapeake Energy Corporationcall	$0	–	-100,000	–	-0.22%	–
KMI	Exit	Kinder Morgan Inc	$0	–	-62,000	–	-0.22%	–
MMP	Exit	Magellan Midstream Partners LP	$0	–	-37,000	–	-0.29%	–
PEIX	Exit	Pacific Ethanol, Inc.	$0	–	-255,000	–	-0.33%	–
DCP	Exit	DCP Midstream Partners LP	$0	–	-70,000	–	-0.36%	–
EPD	Exit	Enterprise Products Partners, LP	$0	–	-111,000	–	-0.42%	–
RSPP	Exit	RSP Permian Inc.	$0	–	-200,000	–	-0.48%	–
NFX	Exit	Newfield Exploration Company	$0	–	-150,000	–	-0.52%	–
SDPI	Exit	Superior Drilling Products, Inc	$0	–	-886,000	–	-0.52%	–
SYRG	Exit	Synergy Resources Corporation	$0	–	-461,000	–	-0.53%	–
DE	Exit	Deere & Companyput	$0	–	-100,000	–	-0.77%	–
PVAHQ	Exit	Penn Virginia Corporation	$0	–	-700,000	–	-0.83%	–
GDPMQ	Exit	Goodrich Petroleum Corporation	$0	–	-625,000	–	-0.87%	–
MEMPQ	Exit	Memorial Production Partners LP	$0	–	-501,000	–	-1.03%	–
RES	Exit	RPC Inc.	$0	–	-509,000	–	-1.05%	–
GPRE	Exit	Green Plains Inccall	$0	–	-300,000	–	-1.05%	–
APC	Exit	Anadarko Petroleum Corporation	$0	–	-166,000	–	-1.58%	–
CXO	Exit	Concho Resources Inc	$0	–	-158,000	–	-1.86%	–
FANG	Exit	Diamondback Energy Inc	$0	–	-273,000	–	-1.92%	–
XEC	Exit	Cimarex Energy Co.	$0	–	-168,000	–	-1.99%	–
PAGP	Exit	Plains GP Holdings, L.P.	$0	–	-763,000	–	-2.19%	–
EROC	Exit	Eagle Rock Energy Partners, LPunit	$0	–	-6,798,000	–	-2.27%	–
WPZ	Exit	Williams Partners LP	$0	–	-1,124,000	–	-5.59%	–
ENLK	Exit	Enlink Midstream Partners LP	$0	–	-1,967,000	–	-5.62%	–
TEP	Exit	Tallgrass Energy Partners LP	$0	–	-1,349,000	–	-5.73%	–
MWE	Exit	Markwest Energy Partners LPunit ltd partn	$0	–	-843,000	–	-6.07%	–
WES	Exit	Western Gas Partners LP	$0	–	-1,070,000	–	-7.53%	–
GEL	Exit	Genesis Energy LPunit ltd partn	$0	–	-1,573,000	–	-7.76%	–
NGLS	Exit	Targa Res Partners, LP	$0	–	-1,251,000	–	-8.48%	–
GLNG	Exit	Golar Lng Ltd	$0	–	-1,442,000	–	-8.98%	–
PAA	Exit	Plains All American Pipeline LPunit ltd partn	$0	–	-1,980,000	–	-10.93%	–
EVEPQ	Exit	EV Energy Partners LP Com Stock	$0	–	-3,482,000	–	-11.58%	–

Q3 2014

			Value		Shares		↓ Weighting
EVEPQ	Sell	EV Energy Partners LP Com Stock	$123,492,000	-15.7%	3,482,000	-5.9%	11.58%	-16.8%
PAA	Buy	Plains All American Pipeline LPunit ltd partn	$116,570,000	+15.3%	1,980,000	+17.6%	10.93%	+13.8%
GLNG	Sell	Golar Lng Ltd	$95,716,000	-1.4%	1,442,000	-10.7%	8.98%	-2.6%
NGLS	Buy	Targa Res Partners, LP	$90,475,000	+12.6%	1,251,000	+12.0%	8.48%	+11.2%
GEL	Buy	Genesis Energy LPunit ltd partn	$82,778,000	+1.9%	1,573,000	+8.6%	7.76%	+0.6%
WES	Sell	Western Gas Partners LP	$80,263,000	-10.3%	1,070,000	-8.5%	7.53%	-11.4%
MWE	Buy	Markwest Energy Partners LPunit ltd partn	$64,780,000	+66.9%	843,000	+55.5%	6.07%	+64.8%
TEP	Buy	Tallgrass Energy Partners LP	$61,121,000	+40.3%	1,349,000	+20.1%	5.73%	+38.5%
ENLK	Buy	Enlink Midstream Partners LP	$59,884,000	+89.5%	1,967,000	+95.7%	5.62%	+87.1%
WPZ	Buy	Williams Partners LP	$59,628,000	+18.3%	1,124,000	+21.1%	5.59%	+16.8%
EROC	Buy	Eagle Rock Energy Partners, LPunit	$24,201,000	-9.6%	6,798,000	+26.5%	2.27%	-10.8%
PAGP	Buy	Plains GP Holdings, L.P.	$23,390,000	-4.1%	763,000	+0.1%	2.19%	-5.3%
XEC	New	Cimarex Energy Co.	$21,206,000	–	168,000	–	1.99%	–
FANG	Sell	Diamondback Energy Inc	$20,422,000	-16.5%	273,000	-0.7%	1.92%	-17.6%
CXO	Buy	Concho Resources Inc	$19,836,000	+41.1%	158,000	+62.9%	1.86%	+39.3%
APC	Sell	Anadarko Petroleum Corporation	$16,875,000	-25.3%	166,000	-19.4%	1.58%	-26.2%
GPRE	Buy	Green Plains Inccall	$11,217,000	+70.6%	300,000	+50.0%	1.05%	+68.6%
RES	New	RPC Inc.	$11,173,000	–	509,000	–	1.05%	–
MEMPQ	New	Memorial Production Partners LP	$11,023,000	–	501,000	–	1.03%	–
GDPMQ	New	Goodrich Petroleum Corporation	$9,265,000	–	625,000	–	0.87%	–
PVAHQ	New	Penn Virginia Corporation	$8,897,000	–	700,000	–	0.83%	–
DE	New	Deere & Companyput	$8,199,000	–	100,000	–	0.77%	–
SYRG	Buy	Synergy Resources Corporation	$5,620,000	+324.2%	461,000	+361.0%	0.53%	+318.3%
NFX	New	Newfield Exploration Company	$5,561,000	–	150,000	–	0.52%	–
RSPP	New	RSP Permian Inc.	$5,112,000	–	200,000	–	0.48%	–
EPD	Buy	Enterprise Products Partners, LP	$4,488,000	+1.1%	111,000	+94.7%	0.42%	-0.2%
PEIX	Sell	Pacific Ethanol, Inc.	$3,560,000	-48.8%	255,000	-44.0%	0.33%	-49.5%
KMI	Sell	Kinder Morgan Inc	$2,372,000	-87.6%	62,000	-88.2%	0.22%	-87.7%
VNOM	New	Viper Energy Partners LP	$556,000	–	24,000	–	0.05%	–
EROC	New	Eagle Rock Energy Partners, LPcall	$228,000	–	64,000	–	0.02%	–
EVEPQ	New	EV Energy Partners LP Com Stockcall	$106,000	–	3,000	–	0.01%	–
CXO	Exit	Concho Resources Incput	$0	–	-5,000	–	-0.07%	–
SXEEQ	Exit	Southcross Energy Partners, LP	$0	–	-37,000	–	-0.08%	–
ENBL	Exit	Enable Midstream Partners LP	$0	–	-50,000	–	-0.12%	–
4945SC	Exit	Kinder Morgan Energy Partnersut ltd partner	$0	–	-18,000	–	-0.14%	–
WNR	Exit	Western Refining, Inc	$0	–	-50,000	–	-0.18%	–
HFC	Exit	HollyFrontier Corporation	$0	–	-107,000	–	-0.45%	–
LINEQ	Exit	Linn Energy, LLCunit ltd liab	$0	–	-158,000	–	-0.48%	–
GPRE	Exit	Green Plains Inc	$0	–	-240,000	–	-0.75%	–
RRC	Exit	Range Resources Corporation	$0	–	-100,000	–	-0.83%	–
REXX	Exit	Rex Energy Corp	$0	–	-565,000	–	-0.95%	–
VLO	Exit	Valero Energy Corporation	$0	–	-208,000	–	-0.99%	–
PSX	Exit	Phillips 66	$0	–	-132,000	–	-1.01%	–
APC	Exit	Anadarko Petroleum Corporationcall	$0	–	-100,000	–	-1.04%	–
EOG	Exit	EOG Resources Inc	$0	–	-190,000	–	-2.11%	–
NTI	Exit	Northern Tier Energy LP	$0	–	-955,000	–	-2.42%	–

Q2 2014

			Value		Shares		↓ Weighting
EVEPQ	New	EV Energy Partners LP Com Stock	$146,577,000	–	3,700,000	–	13.92%	–
PAA	New	Plains All American Pipeline LPunit ltd partn	$101,122,000	–	1,684,000	–	9.60%	–
GLNG	New	Golar Lng Ltd	$97,048,000	–	1,615,000	–	9.22%	–
WES	New	Western Gas Partners LP	$89,453,000	–	1,170,000	–	8.50%	–
GEL	New	Genesis Energy LPunit ltd partn	$81,216,000	–	1,449,000	–	7.71%	–
NGLS	New	Targa Res Partners, LP	$80,339,000	–	1,117,000	–	7.63%	–
WPZ	New	Williams Partners LP	$50,400,000	–	928,000	–	4.79%	–
TEP	New	Tallgrass Energy Partners LP	$43,580,000	–	1,123,000	–	4.14%	–
MWE	New	Markwest Energy Partners LPunit ltd partn	$38,803,000	–	542,000	–	3.68%	–
ENLK	New	Enlink Midstream Partners LP	$31,594,000	–	1,005,000	–	3.00%	–
EROC	New	Eagle Rock Energy Partners, LPunit	$26,772,000	–	5,376,000	–	2.54%	–
NTI	New	Northern Tier Energy LP	$25,525,000	–	955,000	–	2.42%	–
FANG	New	Diamondback Energy Inc	$24,456,000	–	275,000	–	2.32%	–
PAGP	New	Plains GP Holdings, L.P.	$24,384,000	–	762,000	–	2.32%	–
APC	New	Anadarko Petroleum Corporation	$22,589,000	–	206,000	–	2.14%	–
EOG	New	EOG Resources Inc	$22,201,000	–	190,000	–	2.11%	–
KMI	New	Kinder Morgan Inc	$19,082,000	–	526,000	–	1.81%	–
CXO	New	Concho Resources Inc	$14,058,000	–	97,000	–	1.34%	–
APC	New	Anadarko Petroleum Corporationcall	$10,947,000	–	100,000	–	1.04%	–
PSX	New	Phillips 66	$10,617,000	–	132,000	–	1.01%	–
VLO	New	Valero Energy Corporation	$10,420,000	–	208,000	–	0.99%	–
REXX	New	Rex Energy Corp	$10,015,000	–	565,000	–	0.95%	–
RRC	New	Range Resources Corporation	$8,695,000	–	100,000	–	0.83%	–
GPRE	New	Green Plains Inc	$7,877,000	–	240,000	–	0.75%	–
PEIX	New	Pacific Ethanol, Inc.	$6,957,000	–	455,000	–	0.66%	–
GPRE	New	Green Plains Inccall	$6,574,000	–	200,000	–	0.62%	–
SDPI	New	Superior Drilling Products, Inc	$5,765,000	–	886,000	–	0.55%	–
LINEQ	New	Linn Energy, LLCunit ltd liab	$5,098,000	–	158,000	–	0.48%	–
HFC	New	HollyFrontier Corporation	$4,695,000	–	107,000	–	0.45%	–
EPD	New	Enterprise Products Partners, LP	$4,438,000	–	57,000	–	0.42%	–
DCP	New	DCP Midstream Partners LP	$4,014,000	–	70,000	–	0.38%	–
CHK	New	Chesapeake Energy Corporationcall	$3,108,000	–	100,000	–	0.30%	–
MMP	New	Magellan Midstream Partners LP	$3,076,000	–	37,000	–	0.29%	–
WNR	New	Western Refining, Inc	$1,878,000	–	50,000	–	0.18%	–
OKS	New	ONEOK Partners LPunit ltd partn	$1,724,000	–	29,000	–	0.16%	–
4945SC	New	Kinder Morgan Energy Partnersut ltd partner	$1,520,000	–	18,000	–	0.14%	–
SYRG	New	Synergy Resources Corporation	$1,325,000	–	100,000	–	0.13%	–
ENBL	New	Enable Midstream Partners LP	$1,310,000	–	50,000	–	0.12%	–
SEP	New	Spectra Energy Partners, LP	$1,252,000	–	23,000	–	0.12%	–
SXEEQ	New	Southcross Energy Partners, LP	$848,000	–	37,000	–	0.08%	–
WGP	New	Western Gas Equity Partners	$788,000	–	13,000	–	0.08%	–
CXO	New	Concho Resources Incput	$723,000	–	5,000	–	0.07%	–

Q4 2013

			Value		Shares		↓ Weighting
NOV	Exit	National Oil Well Varco Inc	$0	–	-3,000	–	-0.02%	–
XTXI	Exit	Crosstex Energy Inc	$0	–	-20,000	–	-0.05%	–
ROSE	Exit	Rosetta Resources, Inc.	$0	–	-12,000	–	-0.07%	–
KMI	Exit	Kinder Morgan Inc	$0	–	-25,000	–	-0.10%	–
SEP	Exit	Spectra Energy Partners, LP	$0	–	-25,000	–	-0.12%	–
TAT	Exit	Transatlantic Petroleum Ltd	$0	–	-1,567,000	–	-0.14%	–
2108SC	Exit	El Paso Pipeline Partners LP	$0	–	-33,000	–	-0.15%	–
	Exit	Eagle Rock Energy Partners LPcall	$0	–	-200,000	–	-0.15%	–
OKS	Exit	ONEOK Partners LPunit ltd partn	$0	–	-31,000	–	-0.18%	–
LGCY	Exit	Legacy Reserves LPunit lp int	$0	–	-81,000	–	-0.24%	–
MMP	Exit	Magellan Midstream Partners LP	$0	–	-39,000	–	-0.24%	–
	Exit	Rex Energy Corpput	$0	–	-100,000	–	-0.24%	–
XOP	Exit	SPDR SERIES TRUSTs&p oilgas exp	$0	–	-41,000	–	-0.29%	–
XTEX	Exit	Crosstex Energy LP	$0	–	-140,000	–	-0.30%	–
DCP	Exit	DCP Midstream Partners LP	$0	–	-75,000	–	-0.40%	–
PSXP	Exit	Phillips 66 Partners LP	$0	–	-150,000	–	-0.50%	–
WGP	Exit	Western Gas Equity Partners	$0	–	-142,000	–	-0.58%	–
RRC	Exit	Range Resources Corp	$0	–	-82,000	–	-0.68%	–
	Exit	EV Energy Partners LP Com Stockcall	$0	–	-200,000	–	-0.80%	–
REN	Exit	Resolute Energy Corp	$0	–	-898,000	–	-0.82%	–
	Exit	Golar Lng Ltdput	$0	–	-200,000	–	-0.82%	–
APC	Exit	Anadarko Pete Corporation	$0	–	-90,000	–	-0.91%	–
CPE	Exit	Callon Pete Co	$0	–	-1,746,000	–	-1.04%	–
PNG	Exit	PAA Natural Gas Storage LP	$0	–	-433,000	–	-1.09%	–
EPD	Exit	Enterprise Products Partners, LP	$0	–	-185,000	–	-1.23%	–
	Exit	Concho Resources Incput	$0	–	-150,000	–	-1.77%	–
REXX	Exit	Rex Energy Corp	$0	–	-751,000	–	-1.82%	–
	Exit	United States Oil Fund LPput	$0	–	-500,000	–	-2.00%	–
TEP	Exit	Tallgrass Energy Partners LP	$0	–	-1,009,000	–	-2.55%	–
NGLS	Exit	Targa Res Partners, LP	$0	–	-501,000	–	-2.80%	–
FANG	Exit	Diamondback Energy Inc	$0	–	-606,000	–	-2.80%	–
GMLP	Exit	Golar Lng Partners LP	$0	–	-983,000	–	-3.47%	–
4945SC	Exit	Kinder Morgan Energy Partnersut ltd partner	$0	–	-403,000	–	-3.50%	–
LINEQ	Exit	Linn Energy, LLCunit ltd liab	$0	–	-1,280,000	–	-3.60%	–
MWE	Exit	Markwest Energy Partners LPunit ltd partn	$0	–	-545,000	–	-4.28%	–
CXO	Exit	Concho Resources Inc	$0	–	-365,000	–	-4.31%	–
EOG	Exit	EOG Resources Inc	$0	–	-237,000	–	-4.35%	–
GPORQ	Exit	Gulfport Energy Corp	$0	–	-658,000	–	-4.59%	–
PAA	Exit	Plains All American Pipeline LPunit ltd partn	$0	–	-967,000	–	-5.53%	–
GLNG	Exit	Golar Lng Ltd	$0	–	-1,411,000	–	-5.77%	–
WPZ	Exit	Williams Partners LP	$0	–	-1,167,000	–	-6.70%	–
GEL	Exit	Genesis Energy LPunit ltd partn	$0	–	-1,298,000	–	-7.05%	–
WES	Exit	Western Gas Partners LP	$0	–	-1,084,000	–	-7.08%	–
EVEPQ	Exit	EV Energy Partners LP Com Stock	$0	–	-3,694,000	–	-14.87%	–

Q3 2013

			Value		Shares		↓ Weighting
EVEPQ	Buy	EV Energy Partners LP Com Stock	$137,006,000	+8.4%	3,694,000	+9.3%	14.87%	+23.8%
WES	Sell	Western Gas Partners LP	$65,202,000	-8.9%	1,084,000	-1.6%	7.08%	+4.1%
GEL	Buy	Genesis Energy LPunit ltd partn	$64,972,000	+5.3%	1,298,000	+9.0%	7.05%	+20.2%
WPZ	Sell	Williams Partners LP	$61,703,000	-14.3%	1,167,000	-16.3%	6.70%	-2.1%
GLNG	Sell	Golar Lng Ltd	$53,146,000	-3.3%	1,411,000	-18.1%	5.77%	+10.4%
PAA	Buy	Plains All American Pipeline LPunit ltd partn	$50,924,000	+13.1%	967,000	+19.8%	5.53%	+29.1%
GPORQ	Sell	Gulfport Energy Corp	$42,320,000	+4.8%	658,000	-23.3%	4.59%	+19.6%
EOG	Buy	EOG Resources Inc	$40,051,000	+148.9%	237,000	+94.3%	4.35%	+184.2%
CXO	Buy	Concho Resources Inc	$39,716,000	+50.6%	365,000	+15.9%	4.31%	+72.0%
MWE	Sell	Markwest Energy Partners LPunit ltd partn	$39,397,000	-9.5%	545,000	-16.3%	4.28%	+3.3%
LINEQ	New	Linn Energy, LLCunit ltd liab	$33,167,000	–	1,280,000	–	3.60%	–
4945SC	Sell	Kinder Morgan Energy Partnersut ltd partner	$32,193,000	-67.2%	403,000	-64.9%	3.50%	-62.5%
GMLP	Sell	Golar Lng Partners LP	$31,943,000	-30.2%	983,000	-26.7%	3.47%	-20.2%
FANG	Buy	Diamondback Energy Inc	$25,821,000	+39.5%	606,000	+9.0%	2.80%	+59.3%
NGLS	Sell	Targa Res Partners, LP	$25,779,000	+0.8%	501,000	-1.2%	2.80%	+15.2%
TEP	Buy	Tallgrass Energy Partners LP	$23,508,000	+24.1%	1,009,000	+11.9%	2.55%	+41.8%
	Sell	United States Oil Fund LPput	$18,425,000	-55.8%	500,000	-59.0%	2.00%	-49.5%
REXX	Buy	Rex Energy Corp	$16,752,000	+37.9%	751,000	+8.7%	1.82%	+57.5%
	New	Concho Resources Incput	$16,322,000	–	150,000	–	1.77%	–
EPD	Buy	Enterprise Products Partners, LP	$11,317,000	+13.5%	185,000	+15.6%	1.23%	+29.6%
PNG	Buy	PAA Natural Gas Storage LP	$10,074,000	+30.8%	433,000	+18.3%	1.09%	+49.5%
CPE	Sell	Callon Pete Co	$9,549,000	+0.5%	1,746,000	-38.1%	1.04%	+14.7%
APC	New	Anadarko Pete Corporation	$8,378,000	–	90,000	–	0.91%	–
	New	Golar Lng Ltdput	$7,534,000	–	200,000	–	0.82%	–
REN	Sell	Resolute Energy Corp	$7,505,000	-21.6%	898,000	-25.2%	0.82%	-10.4%
	Sell	EV Energy Partners LP Com Stockcall	$7,418,000	-50.4%	200,000	-50.0%	0.80%	-43.3%
RRC	Sell	Range Resources Corp	$6,241,000	-56.9%	82,000	-56.1%	0.68%	-50.8%
WGP	Sell	Western Gas Equity Partners	$5,296,000	-36.2%	142,000	-29.7%	0.58%	-27.2%
PSXP	New	Phillips 66 Partners LP	$4,614,000	–	150,000	–	0.50%	–
DCP	Sell	DCP Midstream Partners LP	$3,726,000	-19.0%	75,000	-11.8%	0.40%	-7.6%
XTEX	Buy	Crosstex Energy LP	$2,776,000	+157.0%	140,000	+169.2%	0.30%	+192.2%
XOP	Sell	SPDR SERIES TRUSTs&p oilgas exp	$2,687,000	-49.6%	41,000	-55.4%	0.29%	-42.4%
LGCY	Buy	Legacy Reserves LPunit lp int	$2,177,000	+506.4%	81,000	+478.6%	0.24%	+594.1%
TAT	New	Transatlantic Petroleum Ltd	$1,316,000	–	1,567,000	–	0.14%	–
SEP	New	Spectra Energy Partners, LP	$1,097,000	–	25,000	–	0.12%	–
ROSE	New	Rosetta Resources, Inc.	$644,000	–	12,000	–	0.07%	–
XTXI	New	Crosstex Energy Inc	$420,000	–	20,000	–	0.05%	–
TAPFF	Exit	Transatlantic Petroleum Ltd	$0	–	-1,567,000	–	-0.10%	–
	Exit	Pioneer Natural Resoures Cocall	$0	–	-30,000	–	-0.41%	–
	Exit	Marathon Petroleum Corpput	$0	–	-75,000	–	-0.51%	–
	Exit	Phillips 66put	$0	–	-100,000	–	-0.56%	–
	Exit	Comstock Resources Inc Newcall	$0	–	-450,000	–	-0.67%	–
EROC	Exit	Eagle Rock Energy Partners LPunit	$0	–	-3,185,000	–	-2.38%	–
	Exit	EOG Resources Inccall	$0	–	-200,000	–	-2.50%	–
CRK	Exit	Comstock Resources Inc New	$0	–	-1,822,000	–	-2.72%	–
	Exit	Gulfport Energy Corpput	$0	–	-723,000	–	-3.24%	–

Q2 2013

			Value		Shares		↓ Weighting
EVEPQ	New	EV Energy Partners LP Com Stock	$126,365,000	–	3,381,000	–	12.01%	–
4945SC	New	Kinder Morgan Energy Partnersut ltd partner	$98,036,000	–	1,148,000	–	9.32%	–
WPZ	New	Williams Partners LP	$71,985,000	–	1,395,000	–	6.84%	–
WES	New	Western Gas Partners LP	$71,538,000	–	1,102,000	–	6.80%	–
GEL	New	Genesis Energy LPunit ltd partn	$61,712,000	–	1,191,000	–	5.87%	–
GLNG	New	Golar Lng Ltd	$54,951,000	–	1,723,000	–	5.22%	–
GMLP	New	Golar Lng Partners LP	$45,741,000	–	1,341,000	–	4.35%	–
PAA	New	Plains All American Pipeline LPunit ltd partn	$45,030,000	–	807,000	–	4.28%	–
MWE	New	Markwest Energy Partners LPunit ltd partn	$43,533,000	–	651,000	–	4.14%	–
	New	United States Oil Fund LPput	$41,700,000	–	1,220,000	–	3.96%	–
GPORQ	New	Gulfport Energy Corp	$40,391,000	–	858,000	–	3.84%	–
	New	Gulfport Energy Corpput	$34,032,000	–	723,000	–	3.24%	–
CRK	New	Comstock Resources Inc New	$28,661,000	–	1,822,000	–	2.72%	–
CXO	New	Concho Resources Inc	$26,372,000	–	315,000	–	2.51%	–
	New	EOG Resources Inccall	$26,336,000	–	200,000	–	2.50%	–
NGLS	New	Targa Res Partners, LP	$25,565,000	–	507,000	–	2.43%	–
EROC	New	Eagle Rock Energy Partners LPunit	$25,063,000	–	3,185,000	–	2.38%	–
TEP	New	Tallgrass Energy Partners LP	$18,936,000	–	902,000	–	1.80%	–
FANG	New	Diamondback Energy Inc	$18,511,000	–	556,000	–	1.76%	–
EOG	New	EOG Resources Inc	$16,091,000	–	122,000	–	1.53%	–
	New	EV Energy Partners LP Com Stockcall	$14,948,000	–	400,000	–	1.42%	–
RRC	New	Range Resources Corp	$14,482,000	–	187,000	–	1.38%	–
REXX	New	Rex Energy Corp	$12,147,000	–	691,000	–	1.16%	–
EPD	New	Enterprise Products Partners, LP	$9,969,000	–	160,000	–	0.95%	–
REN	New	Resolute Energy Corp	$9,576,000	–	1,200,000	–	0.91%	–
CPE	New	Callon Pete Co	$9,506,000	–	2,821,000	–	0.90%	–
WGP	New	Western Gas Equity Partners	$8,306,000	–	202,000	–	0.79%	–
PNG	New	PAA Natural Gas Storage LP	$7,700,000	–	366,000	–	0.73%	–
	New	Comstock Resources Inc Newcall	$7,078,000	–	450,000	–	0.67%	–
	New	Phillips 66put	$5,891,000	–	100,000	–	0.56%	–
	New	Marathon Petroleum Corpput	$5,330,000	–	75,000	–	0.51%	–
XOP	New	SPDR SERIES TRUSTs&p oilgas exp	$5,329,000	–	92,000	–	0.51%	–
DCP	New	DCP Midstream Partners LP	$4,600,000	–	85,000	–	0.44%	–
	New	Pioneer Natural Resoures Cocall	$4,343,000	–	30,000	–	0.41%	–
MMP	New	Magellan Midstream Partners LP	$2,126,000	–	39,000	–	0.20%	–
	New	Rex Energy Corpput	$1,758,000	–	100,000	–	0.17%	–
	New	Eagle Rock Energy Partners LPcall	$1,574,000	–	200,000	–	0.15%	–
OKS	New	ONEOK Partners LPunit ltd partn	$1,552,000	–	31,000	–	0.15%	–
2108SC	New	El Paso Pipeline Partners LP	$1,455,000	–	33,000	–	0.14%	–
TAPFF	New	Transatlantic Petroleum Ltd	$1,081,000	–	1,567,000	–	0.10%	–
XTEX	New	Crosstex Energy LP	$1,080,000	–	52,000	–	0.10%	–
KMI	New	Kinder Morgan Inc	$954,000	–	25,000	–	0.09%	–
LGCY	New	Legacy Reserves LPunit lp int	$359,000	–	14,000	–	0.03%	–
NOV	New	National Oil Well Varco Inc	$207,000	–	3,000	–	0.02%	–

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