SIR Capital Management, L.P. Activity Q4 2008-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MRO	Sell	MARATHON OIL CORP	$56,106,627	+2.9%	2,097,444	-11.5%	6.66%	+11.4%
EQT	Buy	EQT CORP	$42,840,306	+11.0%	1,055,700	+12.5%	5.08%	+20.2%
SWN	Buy	SOUTHWESTERN ENERGY CO	$38,631,482	+134.2%	5,989,377	+118.2%	4.58%	+153.7%
TRGP	Sell	TARGA RES CORP	$37,051,098	-15.8%	432,234	-25.2%	4.40%	-8.7%
BTEGF	Buy	BAYTEX ENERGY CORP	$34,509,376	+43.6%	7,825,026	+6.1%	4.10%	+55.5%
BP	Buy	BP PLCsponsored adr	$32,062,251	+79.3%	828,054	+63.4%	3.80%	+94.2%
FANG	Sell	DIAMONDBACK ENERGY INC	$28,311,444	-22.9%	182,796	-34.6%	3.36%	-16.4%
DK	Buy	DELEK US HLDGS INC NEW	$26,756,510	+146.7%	941,799	+108.0%	3.18%	+167.3%
ENLC	Buy	ENLINK MIDSTREAM LLC	$25,664,065	+42.8%	2,100,169	+23.8%	3.05%	+54.6%
PBF	Sell	PBF ENERGY INCcl a	$23,043,969	-56.5%	430,487	-66.7%	2.74%	-52.9%
MUR	Sell	MURPHY OIL CORP	$22,851,865	-13.8%	503,900	-27.2%	2.71%	-6.6%
ERF	Sell	ENERPLUS CORP	$22,288,891	-46.9%	1,266,300	-56.3%	2.64%	-42.5%
	Sell	SHELL PLCspon ads	$21,790,312	+3.6%	338,464	-2.9%	2.59%	+12.2%
SM	Buy	SM ENERGY CO	$21,637,005	+39.2%	545,700	+11.1%	2.57%	+50.9%
TS	Sell	TENARIS S Asponsored ads	$21,122,483	-0.8%	668,433	-6.0%	2.51%	+7.5%
APD	Buy	AIR PRODS & CHEMS INC	$20,578,808	+3.1%	72,614	+9.0%	2.44%	+11.7%
UGI	Buy	UGI CORP NEW	$20,043,120	+432.4%	871,440	+524.2%	2.38%	+477.4%
SHLS	Buy	SHOALS TECHNOLOGIES GROUP INcl a	$16,991,717	+59.8%	931,053	+123.9%	2.02%	+73.1%
VLO	Sell	VALERO ENERGY CORP	$15,334,014	-71.3%	108,207	-76.2%	1.82%	-68.9%
NOG	Sell	NORTHERN OIL & GAS INC	$14,594,358	-36.6%	362,773	-45.9%	1.73%	-31.3%
PPG	Buy	PPG INDS INC	$14,397,805	+116.2%	110,923	+147.0%	1.71%	+134.4%
NOV	New	NOV INC	$14,322,227	–	685,274	–	1.70%	–
	Buy	NOBLE CORP PLC	$14,205,147	+72.2%	280,457	+40.4%	1.69%	+86.5%
ARRY	Buy	ARRAY TECHNOLOGIES INC	$14,065,553	+16.9%	633,869	+19.0%	1.67%	+26.6%
CC	Sell	CHEMOURS CO	$13,491,152	-34.9%	480,968	-14.4%	1.60%	-29.5%
HAL	Sell	HALLIBURTON CO	$13,132,206	-32.2%	324,252	-44.8%	1.56%	-26.5%
AES	Buy	AES CORP	$11,619,214	+41.5%	764,422	+93.0%	1.38%	+53.2%
	Buy	SIGMA LITHIUM CORPORATION	$11,555,420	-4.5%	356,209	+18.6%	1.37%	+3.4%
	Sell	PERMIAN RESOURCES CORP	$10,981,829	-10.5%	786,664	-29.8%	1.30%	-3.1%
GPOR	Buy	GULFPORT ENERGY CORP	$10,595,270	+219.1%	89,291	+182.6%	1.26%	+245.3%
	Sell	EXPRO GROUP HOLDINGS NV	$10,187,818	-22.0%	438,563	-40.5%	1.21%	-15.5%
ETRN	Sell	EQUITRANS MIDSTREAM CORP	$10,066,303	-56.5%	1,074,312	-55.6%	1.20%	-52.9%
MTDR	Buy	MATADOR RES CO	$8,583,142	+121.4%	144,303	+94.7%	1.02%	+139.8%
PDS	New	PRECISION DRILLING CORP	$8,369,275	–	124,900	–	0.99%	–
	Buy	EXCELERATE ENERGY INC	$8,208,355	-14.2%	481,711	+2.4%	0.97%	-7.1%
CSIQ	New	CANADIAN SOLAR INC	$7,885,265	–	320,409	–	0.94%	–
HLX	Sell	HELIX ENERGY SOLUTIONS GRP I	$7,624,865	+14.7%	682,620	-24.2%	0.90%	+24.3%
AM	New	ANTERO MIDSTREAM CORP	$7,293,556	–	608,811	–	0.87%	–
CPG	New	CRESCENT PT ENERGY CORP	$7,158,747	–	863,500	–	0.85%	–
CBT	Sell	CABOT CORP	$6,777,377	-19.4%	97,840	-22.2%	0.80%	-12.8%
GTLS	Buy	CHART INDS INC	$6,704,932	+467.0%	39,646	+435.8%	0.80%	+512.3%
CLNE	Buy	CLEAN ENERGY FUELS CORP	$6,514,144	+56.8%	1,700,821	+103.1%	0.77%	+69.9%
HES	New	HESS CORP	$6,165,900	–	40,300	–	0.73%	–
EVGO	Buy	EVGO INC	$5,837,023	+116.4%	1,726,930	+156.1%	0.69%	+134.1%
	Buy	SEADRILL 2021 LTD	$5,354,689	+203.8%	119,551	+179.9%	0.64%	+229.0%
VAL	New	VALARIS LTDcl a	$5,198,663	–	69,334	–	0.62%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC	$5,050,890	–	39,000	–	0.60%	–
PUMP	New	PROPETRO HLDG CORP	$4,857,347	–	456,947	–	0.58%	–
BE	Buy	BLOOM ENERGY CORP	$4,067,651	-8.8%	306,761	+12.4%	0.48%	-1.2%
NEXT	Sell	NEXTDECADE CORP	$3,751,424	-47.9%	732,700	-16.4%	0.44%	-43.5%
TTI	Sell	TETRA TECHNOLOGIES INC DEL	$3,713,536	+79.8%	582,059	-4.8%	0.44%	+95.1%
TDW	Buy	TIDEWATER INC NEW	$3,530,900	+104.5%	49,682	+59.6%	0.42%	+121.7%
HP	Buy	HELMERICH & PAYNE INC	$3,081,896	+36.7%	73,100	+15.0%	0.37%	+48.2%
HESM	New	HESS MIDSTREAM LP	$2,913,000	–	100,000	–	0.35%	–
WFRD	Sell	WEATHERFORD INTL PLC	$2,782,164	-2.4%	30,800	-28.2%	0.33%	+5.8%
OEC	Sell	ORION S.A.	$2,503,549	-56.8%	117,648	-57.0%	0.30%	-53.3%
CHX	Sell	CHAMPIONX CORPORATION	$2,197,754	-63.7%	61,700	-68.4%	0.26%	-60.7%
EMN	Sell	EASTMAN CHEM CO	$1,695,512	-85.1%	22,100	-83.8%	0.20%	-83.9%
LNG	Sell	CHENIERE ENERGY INC	$1,591,722	-90.6%	9,591	-91.4%	0.19%	-89.8%
	Sell	DIAMOND OFFSHORE DRILLING IN	$898,944	-64.2%	61,236	-65.3%	0.11%	-61.1%
FTI	Sell	TECHNIPFMC PLC	$248,657	-88.6%	12,225	-90.7%	0.03%	-87.4%
	Exit	NET POWER INC*w exp 06/08/202	$0	–	-100,000	–	-0.04%	–
GLNG	Exit	GOLAR LNG LTD	$0	–	-91,284	–	-0.20%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-49,461	–	-0.32%	–
OLN	Exit	OLIN CORP	$0	–	-79,000	–	-0.44%	–
NEX	Exit	NEXTIER OILFIELD SOLUTIONS	$0	–	-457,610	–	-0.45%	–
	Exit	LINDE PLC	$0	–	-12,776	–	-0.53%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-180,200	–	-0.65%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-85,800	–	-0.65%	–
EOG	Exit	EOG RES INC	$0	–	-58,500	–	-0.73%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-227,900	–	-1.21%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-235,483	–	-1.49%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-483,500	–	-4.43%	–

Q2 2023

			Value		Shares		↓ Weighting
MRO	New	MARATHON OIL CORP	$54,551,507	–	2,369,744	–	5.98%	–
VLO	New	VALERO ENERGY CORP	$53,362,820	–	454,926	–	5.85%	–
PBF	New	PBF ENERGY INCcl a	$52,983,811	–	1,294,182	–	5.80%	–
TRGP	New	TARGA RES CORP	$43,979,332	–	577,915	–	4.82%	–
ERF	New	ENERPLUS CORP	$41,989,452	–	2,897,400	–	4.60%	–
CHK	New	CHESAPEAKE ENERGY CORP	$40,459,280	–	483,500	–	4.43%	–
EQT	New	EQT CORP	$38,600,505	–	938,500	–	4.23%	–
FANG	New	DIAMONDBACK ENERGY INC	$36,697,255	–	279,364	–	4.02%	–
MUR	New	MURPHY OIL CORP	$26,515,090	–	692,300	–	2.90%	–
BTEGF	New	BAYTEX ENERGY CORP	$24,038,898	–	7,372,126	–	2.63%	–
ETRN	New	EQUITRANS MIDSTREAM CORP	$23,136,988	–	2,420,187	–	2.54%	–
NOG	New	NORTHERN OIL & GAS INC	$23,022,645	–	670,823	–	2.52%	–
TS	New	TENARIS S Asponsored ads	$21,296,007	–	711,052	–	2.33%	–
	New	SHELL PLCspon ads	$21,042,430	–	348,500	–	2.30%	–
CC	New	CHEMOURS CO	$20,736,644	–	562,121	–	2.27%	–
APD	New	AIR PRODS & CHEMS INC	$19,952,891	–	66,614	–	2.19%	–
HAL	New	HALLIBURTON CO	$19,362,161	–	586,910	–	2.12%	–
ENLC	New	ENLINK MIDSTREAM LLC	$17,977,515	–	1,695,992	–	1.97%	–
BP	New	BP PLCsponsored adr	$17,879,820	–	506,654	–	1.96%	–
LNG	New	CHENIERE ENERGY INC	$16,968,181	–	111,369	–	1.86%	–
SWN	New	SOUTHWESTERN ENERGY CO	$16,493,706	–	2,744,377	–	1.81%	–
SM	New	SM ENERGY CO	$15,539,819	–	491,300	–	1.70%	–
	New	LI-CYCLE HOLDINGS CORP	$15,099,802	–	2,720,685	–	1.65%	–
TTE	New	TOTALENERGIES SEsponsored ads	$13,573,240	–	235,483	–	1.49%	–
	New	EXPRO GROUP HOLDINGS NV	$13,058,400	–	736,930	–	1.43%	–
	New	PERMIAN RESOURCES CORP	$12,274,805	–	1,119,964	–	1.34%	–
	New	SIGMA LITHIUM CORPORATION	$12,099,471	–	300,235	–	1.33%	–
ARRY	New	ARRAY TECHNOLOGIES INC	$12,033,799	–	532,469	–	1.32%	–
EMN	New	EASTMAN CHEM CO	$11,413,548	–	136,330	–	1.25%	–
DVN	New	DEVON ENERGY CORP NEW	$11,016,686	–	227,900	–	1.21%	–
DK	New	DELEK US HLDGS INC NEW	$10,844,560	–	452,800	–	1.19%	–
SHLS	New	SHOALS TECHNOLOGIES GROUP INcl a	$10,629,918	–	415,881	–	1.16%	–
	New	EXCELERATE ENERGY INC	$9,567,115	–	470,591	–	1.05%	–
CBT	New	CABOT CORP	$8,412,755	–	125,770	–	0.92%	–
	New	NOBLE CORP PLC	$8,250,846	–	199,730	–	0.90%	–
AES	New	AES CORP	$8,212,107	–	396,146	–	0.90%	–
NEXT	New	NEXTDECADE CORP	$7,197,108	–	876,627	–	0.79%	–
EOG	New	EOG RES INC	$6,694,740	–	58,500	–	0.73%	–
PPG	New	PPG INDS INC	$6,658,670	–	44,900	–	0.73%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$6,649,528	–	901,020	–	0.73%	–
CHX	New	CHAMPIONX CORPORATION	$6,056,773	–	195,128	–	0.66%	–
CF	New	CF INDS HLDGS INC	$5,956,236	–	85,800	–	0.65%	–
AXTA	New	AXALTA COATING SYS LTD	$5,912,362	–	180,200	–	0.65%	–
OEC	New	ORION S.A.	$5,801,824	–	273,413	–	0.64%	–
	New	LINDE PLC	$4,868,678	–	12,776	–	0.53%	–
BE	New	BLOOM ENERGY CORP	$4,461,277	–	272,861	–	0.49%	–
CLNE	New	CLEAN ENERGY FUELS CORP	$4,153,732	–	837,446	–	0.46%	–
NEX	New	NEXTIER OILFIELD SOLUTIONS	$4,091,033	–	457,610	–	0.45%	–
OLN	New	OLIN CORP	$4,059,810	–	79,000	–	0.44%	–
MTDR	New	MATADOR RES CO	$3,876,912	–	74,100	–	0.42%	–
UGI	New	UGI CORP NEW	$3,765,012	–	139,600	–	0.41%	–
GPOR	New	GULFPORT ENERGY CORP	$3,319,897	–	31,597	–	0.36%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$2,900,393	–	49,461	–	0.32%	–
WFRD	New	WEATHERFORD INTL PLC	$2,850,481	–	42,916	–	0.31%	–
EVGO	New	EVGO INC	$2,697,600	–	674,400	–	0.30%	–
	New	DIAMOND OFFSHORE DRILLING IN	$2,511,480	–	176,368	–	0.28%	–
HP	New	HELMERICH & PAYNE INC	$2,253,911	–	63,580	–	0.25%	–
FTI	New	TECHNIPFMC PLC	$2,182,622	–	131,325	–	0.24%	–
TTI	New	TETRA TECHNOLOGIES INC DEL	$2,065,717	–	611,159	–	0.23%	–
NETI	New	ENETI INC	$1,887,489	–	155,862	–	0.21%	–
GLNG	New	GOLAR LNG LTD	$1,841,198	–	91,284	–	0.20%	–
	New	SEADRILL 2021 LTD	$1,762,559	–	42,708	–	0.19%	–
TDW	New	TIDEWATER INC NEW	$1,726,235	–	31,137	–	0.19%	–
GTLS	New	CHART INDS INC	$1,182,446	–	7,400	–	0.13%	–
	New	NET POWER INC*w exp 06/08/202	$336,000	–	100,000	–	0.04%	–

Q4 2022

			Value		Shares		↓ Weighting
CLIMWS	Exit	CLIMATE REAL IMPACT SLUTINS*w exp 01/29/202	$0	–	-15,000	–	0.00%	–
PDOTWS	Exit	PERIDOT ACQUISITION CORP II*w exp 04/30/202	$0	–	-85,396	–	-0.00%	–
FSSIW	Exit	FORTISTAR SUSTAINABLE SOL CO*w exp 01/14/202	$0	–	-150,000	–	-0.00%	–
	Exit	POWER & DIGITAL INFRASTRUCTU*w exp 12/09/202	$0	–	-175,000	–	-0.00%	–
	Exit	RICE ACQUISITION CORP II*w exp 99/99/999	$0	–	-100,000	–	-0.01%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-1,800	–	-0.08%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-62,300	–	-0.08%	–
GTLS	Exit	CHART INDS INC	$0	–	-3,213	–	-0.10%	–
CLIM	Exit	CLIMATE REAL IMPACT SLUTINS	$0	–	-75,000	–	-0.12%	–
NOG	Exit	NORTHERN OIL AND GAS INC MN	$0	–	-27,178	–	-0.13%	–
NESR	Exit	NATIONAL ENERGY SERVICES REU	$0	–	-143,022	–	-0.14%	–
BE	Exit	BLOOM ENERGY CORP	$0	–	-47,800	–	-0.16%	–
CRC	Exit	CALIFORNIA RES CORP	$0	–	-35,494	–	-0.23%	–
VAL	Exit	VALARIS LIMITEDcl a	$0	–	-30,493	–	-0.25%	–
FSLR	Exit	FIRST SOLAR INC	$0	–	-11,600	–	-0.26%	–
	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-257,308	–	-0.29%	–
TTI	Exit	TETRA TECHNOLOGIES INC DEL	$0	–	-505,255	–	-0.31%	–
NETI	Exit	ENETI INC	$0	–	-281,100	–	-0.32%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-102,520	–	-0.37%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP I	$0	–	-638,302	–	-0.42%	–
SPWR	Exit	SUNPOWER CORP	$0	–	-115,740	–	-0.45%	–
CLR	Exit	CONTINENTAL RES INC	$0	–	-43,818	–	-0.49%	–
	Exit	NOBLE CORP NEW	$0	–	-100,215	–	-0.50%	–
FSSI	Exit	FORTISTAR SUSTAINABLE SOL CO	$0	–	-300,000	–	-0.50%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-94,200	–	-0.56%	–
	Exit	POWER & DIGITAL INFRASTRUCTU	$0	–	-350,000	–	-0.59%	–
ETRN	Exit	EQUITRANS MIDSTREAM CORP	$0	–	-499,300	–	-0.63%	–
	Exit	SIGMA LITHIUM CORPORATION	$0	–	-142,884	–	-0.66%	–
	Exit	RICE ACQUISITION CORP II	$0	–	-400,000	–	-0.66%	–
	Exit	PROFRAC HLDG CORP	$0	–	-264,789	–	-0.68%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-83,900	–	-0.71%	–
LBRT	Exit	LIBERTY ENERGY INC	$0	–	-340,047	–	-0.73%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-123,366	–	-0.75%	–
PDOT	Exit	PERIDOT ACQUISITION CORP II	$0	–	-452,584	–	-0.76%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-20,453	–	-0.80%	–
APA	Exit	APA CORPORATION	$0	–	-141,000	–	-0.81%	–
PAGP	Exit	PLAINS GP HLDGS L Pltd partnr int a	$0	–	-478,390	–	-0.88%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-618,343	–	-0.88%	–
COG	Exit	COTERRA ENERGY INC	$0	–	-208,300	–	-0.92%	–
AVNT	Exit	AVIENT CORPORATION	$0	–	-190,438	–	-0.97%	–
	Exit	PERMIAN RESOURCES CORP	$0	–	-906,436	–	-1.04%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-109,500	–	-1.14%	–
CBT	Exit	CABOT CORP	$0	–	-108,082	–	-1.16%	–
EQT	Exit	EQT CORP	$0	–	-176,706	–	-1.22%	–
AES	Exit	AES CORP	$0	–	-334,732	–	-1.28%	–
DK	Exit	DELEK US HLDGS INC NEW	$0	–	-315,921	–	-1.45%	–
CC	Exit	CHEMOURS CO	$0	–	-349,382	–	-1.45%	–
	Exit	HF SINCLAIR CORP	$0	–	-166,600	–	-1.51%	–
SM	Exit	SM ENERGY CO	$0	–	-239,663	–	-1.52%	–
NEX	Exit	NEXTIER OILFIELD SOLUTIONS	$0	–	-1,264,960	–	-1.58%	–
HAL	Exit	HALLIBURTON CO	$0	–	-385,747	–	-1.60%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-168,085	–	-1.64%	–
OLN	Exit	OLIN CORP	$0	–	-226,787	–	-1.64%	–
	Exit	EXCELERATE ENERGY INC	$0	–	-461,174	–	-1.82%	–
AR	Exit	ANTERO RESOURCES CORP	$0	–	-359,333	–	-1.85%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-400,482	–	-1.90%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-256,593	–	-2.02%	–
	Exit	ARCHAEA ENERGY INC	$0	–	-668,770	–	-2.03%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-128,423	–	-2.15%	–
	Exit	LI-CYCLE HOLDINGS CORP	$0	–	-2,517,485	–	-2.26%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-85,901	–	-2.40%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-1,652,620	–	-2.48%	–
	Exit	SHELL PLCspon ads	$0	–	-316,700	–	-2.66%	–
EOG	Exit	EOG RES INC	$0	–	-144,500	–	-2.72%	–
TS	Exit	TENARIS S Asponsored ads	$0	–	-686,520	–	-2.99%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-151,516	–	-3.08%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-531,871	–	-3.16%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-883,708	–	-3.37%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-219,509	–	-3.49%	–
BG	Exit	BUNGE LIMITED	$0	–	-252,100	–	-3.51%	–
OVV	Exit	OVINTIV INC	$0	–	-464,223	–	-3.60%	–
DAR	Exit	DARLING INGREDIENTS INC	$0	–	-324,694	–	-3.62%	–
ERF	Exit	ENERPLUS CORP	$0	–	-1,769,000	–	-4.23%	–
TRGP	Exit	TARGA RES CORP	$0	–	-429,464	–	-4.37%	–
BP	Exit	BP PLCsponsored adr	$0	–	-998,900	–	-4.81%	–

Q3 2022

			Value		Shares		↓ Weighting
BP	Buy	BP PLCsponsored adr	$28,519,000	+20.8%	998,900	+19.9%	4.81%	+48.5%
TRGP	Sell	TARGA RES CORP	$25,914,000	-26.9%	429,464	-27.7%	4.37%	-10.1%
ERF	Sell	ENERPLUS CORP	$25,054,000	-16.4%	1,769,000	-22.0%	4.23%	+2.9%
DAR	Sell	DARLING INGREDIENTS INC	$21,479,000	+9.8%	324,694	-0.7%	3.62%	+35.0%
OVV	Sell	OVINTIV INC	$21,354,000	-8.4%	464,223	-12.0%	3.60%	+12.6%
BG	Buy	BUNGE LIMITED	$20,816,000	+30.2%	252,100	+43.0%	3.51%	+60.0%
CHK	Sell	CHESAPEAKE ENERGY CORP	$20,680,000	-40.8%	219,509	-49.0%	3.49%	-27.2%
MRO	Sell	MARATHON OIL CORP	$19,954,000	-32.6%	883,708	-32.9%	3.37%	-17.1%
PBF	Sell	PBF ENERGY INCcl a	$18,701,000	-23.7%	531,871	-37.0%	3.16%	-6.1%
FANG	Sell	DIAMONDBACK ENERGY INC	$18,252,000	-22.6%	151,516	-22.2%	3.08%	-4.8%
TS	Sell	TENARIS S Asponsored ads	$17,740,000	-39.6%	686,520	-39.9%	2.99%	-25.7%
EOG	New	EOG RES INC	$16,145,000	–	144,500	–	2.72%	–
	Sell	SHELL PLCspon ads	$15,759,000	-16.9%	316,700	-12.7%	2.66%	+2.2%
ENLC	New	ENLINK MIDSTREAM LLC	$14,692,000	–	1,652,620	–	2.48%	–
LNG	Sell	CHENIERE ENERGY INC	$14,252,000	-55.8%	85,901	-64.6%	2.40%	-45.7%
	Buy	LI-CYCLE HOLDINGS CORP	$13,393,000	-21.6%	2,517,485	+1.4%	2.26%	-3.6%
MPC	New	MARATHON PETE CORP	$12,756,000	–	128,423	–	2.15%	–
	Buy	ARCHAEA ENERGY INC	$12,045,000	+107.3%	668,770	+78.7%	2.03%	+154.8%
TTE	Sell	TOTALENERGIES SEsponsored ads	$11,937,000	-20.0%	256,593	-9.4%	2.02%	-1.6%
SU	Sell	SUNCOR ENERGY INC NEW	$11,274,000	-50.5%	400,482	-38.3%	1.90%	-39.1%
AR	Buy	ANTERO RESOURCES CORP	$10,970,000	+159.0%	359,333	+160.0%	1.85%	+218.6%
	Sell	EXCELERATE ENERGY INC	$10,791,000	+10.6%	461,174	-5.8%	1.82%	+36.0%
OLN	Buy	OLIN CORP	$9,725,000	-7.1%	226,787	+0.3%	1.64%	+14.3%
PDCE	Sell	PDC ENERGY INC	$9,714,000	-26.9%	168,085	-22.1%	1.64%	-10.1%
HAL	Buy	HALLIBURTON CO	$9,497,000	+23.5%	385,747	+57.3%	1.60%	+51.8%
NEX	Buy	NEXTIER OILFIELD SOLUTIONS	$9,361,000	+91.2%	1,264,960	+145.7%	1.58%	+135.1%
SM	Buy	SM ENERGY CO	$9,014,000	+203.9%	239,663	+176.3%	1.52%	+273.7%
	Sell	HF SINCLAIR CORP	$8,970,000	-75.9%	166,600	-79.8%	1.51%	-70.4%
CC	Buy	CHEMOURS CO	$8,612,000	+357.4%	349,382	+494.2%	1.45%	+463.6%
DK	Sell	DELEK US HLDGS INC NEW	$8,574,000	-59.6%	315,921	-61.6%	1.45%	-50.4%
AES	Sell	AES CORP	$7,565,000	+0.1%	334,732	-7.0%	1.28%	+23.1%
EQT	Buy	EQT CORP	$7,201,000	+78.2%	176,706	+50.4%	1.22%	+118.9%
CBT	Buy	CABOT CORP	$6,905,000	+327.8%	108,082	+327.2%	1.16%	+424.8%
OXY	New	OCCIDENTAL PETE CORP	$6,729,000	–	109,500	–	1.14%	–
	New	PERMIAN RESOURCES CORP	$6,164,000	–	906,436	–	1.04%	–
AVNT	Buy	AVIENT CORPORATION	$5,770,000	+8.9%	190,438	+44.0%	0.97%	+34.0%
COG	New	COTERRA ENERGY INC	$5,441,000	–	208,300	–	0.92%	–
FTI	Sell	TECHNIPFMC PLC	$5,231,000	-78.7%	618,343	-83.1%	0.88%	-73.8%
PAGP	Buy	PLAINS GP HLDGS L Pltd partnr int a	$5,219,000	+9.0%	478,390	+3.2%	0.88%	+34.1%
APA	Buy	APA CORPORATION	$4,821,000	+7.0%	141,000	+9.2%	0.81%	+31.7%
APD	Buy	AIR PRODS & CHEMS INC	$4,760,000	+150.5%	20,453	+158.9%	0.80%	+207.7%
SLB	Buy	SCHLUMBERGER LTD	$4,429,000	+249.8%	123,366	+248.5%	0.75%	+329.9%
LBRT	Sell	LIBERTY ENERGY INC	$4,312,000	-16.3%	340,047	-15.8%	0.73%	+3.0%
DD	Sell	DUPONT DE NEMOURS INC	$4,229,000	-10.9%	83,900	-1.8%	0.71%	+9.5%
	Buy	PROFRAC HLDG CORP	$4,027,000	-13.2%	264,789	+4.5%	0.68%	+6.8%
	New	SIGMA LITHIUM CORPORATION	$3,885,000	–	142,884	–	0.66%	–
ETRN	New	EQUITRANS MIDSTREAM CORP	$3,735,000	–	499,300	–	0.63%	–
MUR	New	MURPHY OIL CORP	$3,313,000	–	94,200	–	0.56%	–
	New	NOBLE CORP NEW	$2,964,000	–	100,215	–	0.50%	–
CLR	Sell	CONTINENTAL RES INC	$2,927,000	-81.4%	43,818	-81.8%	0.49%	-77.2%
SPWR	New	SUNPOWER CORP	$2,667,000	–	115,740	–	0.45%	–
HLX	Sell	HELIX ENERGY SOLUTIONS GRP I	$2,464,000	-4.2%	638,302	-23.0%	0.42%	+17.8%
VET	Sell	VERMILION ENERGY INC	$2,195,000	-83.1%	102,520	-85.0%	0.37%	-79.2%
TTI	Buy	TETRA TECHNOLOGIES INC DEL	$1,814,000	+24.8%	505,255	+41.2%	0.31%	+53.8%
	New	DIAMOND OFFSHORE DRILLING IN	$1,706,000	–	257,308	–	0.29%	–
FSLR	New	FIRST SOLAR INC	$1,534,000	–	11,600	–	0.26%	–
VAL	Sell	VALARIS LIMITEDcl a	$1,492,000	-30.1%	30,493	-39.6%	0.25%	-14.0%
CRC	Sell	CALIFORNIA RES CORP	$1,364,000	-27.5%	35,494	-27.4%	0.23%	-10.9%
BE	Buy	BLOOM ENERGY CORP	$956,000	+70.4%	47,800	+40.6%	0.16%	+109.1%
NESR	Sell	NATIONAL ENERGY SERVICES REU	$850,000	-47.9%	143,022	-40.6%	0.14%	-36.2%
NOG	New	NORTHERN OIL AND GAS INC MN	$745,000	–	27,178	–	0.13%	–
GTLS	Sell	CHART INDS INC	$592,000	-52.9%	3,213	-57.2%	0.10%	-42.2%
PUMP	Sell	PROPETRO HLDG CORP	$502,000	-78.2%	62,300	-72.9%	0.08%	-73.0%
ALB	New	ALBEMARLE CORP	$476,000	–	1,800	–	0.08%	–
TROX	Exit	TRONOX HOLDINGS PLC	$0	–	-95,000	–	-0.22%	–
NE	Exit	NOBLE CORP NEW	$0	–	-65,200	–	-0.23%	–
UNVR	Exit	UNIVAR SOLUTIONS INC	$0	–	-78,900	–	-0.27%	–
ARRY	Exit	ARRAY TECHNOLOGIES INC	$0	–	-213,252	–	-0.32%	–
SHLS	Exit	SHOALS TECHNOLOGIES GROUP INcl a	$0	–	-170,440	–	-0.39%	–
E	Exit	ENI S P Asponsored adr	$0	–	-121,500	–	-0.40%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-42,100	–	-0.40%	–
NOVA	Exit	SUNNOVA ENERGY INTL INC.	$0	–	-180,500	–	-0.46%	–
QS	Exit	QUANTUMSCAPE CORP	$0	–	-393,300	–	-0.46%	–
OAS	Exit	OASIS PETROLEUM INC	$0	–	-28,152	–	-0.47%	–
MTZ	Exit	MASTEC INC	$0	–	-50,200	–	-0.49%	–
MTDR	Exit	MATADOR RES CO	$0	–	-84,300	–	-0.54%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-147,200	–	-0.57%	–
NTR	Exit	NUTRIEN LTD	$0	–	-61,500	–	-0.67%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-313,621	–	-0.72%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-499,469	–	-0.73%	–
CDEV	Exit	CENTENNIAL RESOURCE DEV INCcl a	$0	–	-1,504,836	–	-1.24%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-232,172	–	-2.86%	–

Q2 2022

			Value		Shares		↓ Weighting
	New	HF SINCLAIR CORP	$37,211,000	–	823,974	–	5.11%	–
TRGP	New	TARGA RES CORP	$35,459,000	–	594,245	–	4.87%	–
CHK	New	CHESAPEAKE ENERGY CORP	$34,924,000	–	430,624	–	4.79%	–
LNG	New	CHENIERE ENERGY INC	$32,275,000	–	242,613	–	4.43%	–
ERF	New	ENERPLUS CORP	$29,955,000	–	2,266,700	–	4.11%	–
MRO	New	MARATHON OIL CORP	$29,606,000	–	1,317,008	–	4.06%	–
TS	New	TENARIS S Asponsored ads	$29,348,000	–	1,142,373	–	4.03%	–
FTI	New	TECHNIPFMC PLC	$24,570,000	–	3,650,820	–	3.37%	–
PBF	New	PBF ENERGY INCcl a	$24,497,000	–	844,129	–	3.36%	–
BP	New	BP PLCsponsored adr	$23,613,000	–	832,900	–	3.24%	–
FANG	New	DIAMONDBACK ENERGY INC	$23,588,000	–	194,700	–	3.24%	–
OVV	New	OVINTIV INC	$23,311,000	–	527,523	–	3.20%	–
SU	New	SUNCOR ENERGY INC NEW	$22,779,000	–	649,533	–	3.13%	–
DK	New	DELEK US HLDGS INC NEW	$21,246,000	–	822,200	–	2.92%	–
COP	New	CONOCOPHILLIPS	$20,851,000	–	232,172	–	2.86%	–
DAR	New	DARLING INGREDIENTS INC	$19,560,000	–	327,094	–	2.68%	–
	New	SHELL PLCspon ads	$18,966,000	–	362,700	–	2.60%	–
	New	LI-CYCLE HOLDINGS CORP	$17,088,000	–	2,483,785	–	2.34%	–
BG	New	BUNGE LIMITED	$15,989,000	–	176,300	–	2.20%	–
CLR	New	CONTINENTAL RES INC	$15,775,000	–	241,400	–	2.16%	–
TTE	New	TOTALENERGIES SEsponsored ads	$14,913,000	–	283,300	–	2.05%	–
PDCE	New	PDC ENERGY INC	$13,290,000	–	215,711	–	1.82%	–
VET	New	VERMILION ENERGY INC	$12,987,000	–	682,300	–	1.78%	–
OLN	New	OLIN CORP	$10,464,000	–	226,100	–	1.44%	–
	New	EXCELERATE ENERGY INC	$9,755,000	–	489,733	–	1.34%	–
CDEV	New	CENTENNIAL RESOURCE DEV INCcl a	$8,999,000	–	1,504,836	–	1.24%	–
HAL	New	HALLIBURTON CO	$7,692,000	–	245,295	–	1.06%	–
AES	New	AES CORP	$7,558,000	–	359,736	–	1.04%	–
	New	ARCHAEA ENERGY INC	$5,811,000	–	374,175	–	0.80%	–
OII	New	OCEANEERING INTL INC	$5,334,000	–	499,469	–	0.73%	–
AVNT	New	AVIENT CORPORATION	$5,299,000	–	132,213	–	0.73%	–
KMI	New	KINDER MORGAN INC DEL	$5,256,000	–	313,621	–	0.72%	–
LBRT	New	LIBERTY ENERGY INC	$5,152,000	–	403,739	–	0.71%	–
NTR	New	NUTRIEN LTD	$4,901,000	–	61,500	–	0.67%	–
NEX	New	NEXTIER OILFIELD SOLUTIONS	$4,896,000	–	514,850	–	0.67%	–
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$4,786,000	–	463,720	–	0.66%	–
DD	New	DUPONT DE NEMOURS INC	$4,747,000	–	85,400	–	0.65%	–
	New	PROFRAC HLDG CORP	$4,642,000	–	253,500	–	0.64%	–
APA	New	APA CORPORATION	$4,506,000	–	129,100	–	0.62%	–
PDOT	New	PERIDOT ACQUISITION CORP II	$4,440,000	–	452,584	–	0.61%	–
AR	New	ANTERO RESOURCES CORP	$4,236,000	–	138,202	–	0.58%	–
HUN	New	HUNTSMAN CORP	$4,173,000	–	147,200	–	0.57%	–
EQT	New	EQT CORP	$4,042,000	–	117,495	–	0.56%	–
MTDR	New	MATADOR RES CO	$3,928,000	–	84,300	–	0.54%	–
	New	RICE ACQUISITION CORP II	$3,904,000	–	400,000	–	0.54%	–
MTZ	New	MASTEC INC	$3,597,000	–	50,200	–	0.49%	–
	New	POWER & DIGITAL INFRASTRUCTU	$3,444,000	–	350,000	–	0.47%	–
OAS	New	OASIS PETROLEUM INC	$3,425,000	–	28,152	–	0.47%	–
QS	New	QUANTUMSCAPE CORP	$3,378,000	–	393,300	–	0.46%	–
NOVA	New	SUNNOVA ENERGY INTL INC.	$3,327,000	–	180,500	–	0.46%	–
SM	New	SM ENERGY CO	$2,966,000	–	86,739	–	0.41%	–
FSSI	New	FORTISTAR SUSTAINABLE SOL CO	$2,943,000	–	300,000	–	0.40%	–
LPI	New	LAREDO PETROLEUM INC	$2,902,000	–	42,100	–	0.40%	–
E	New	ENI S P Asponsored adr	$2,893,000	–	121,500	–	0.40%	–
SHLS	New	SHOALS TECHNOLOGIES GROUP INcl a	$2,809,000	–	170,440	–	0.39%	–
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$2,571,000	–	829,194	–	0.35%	–
ARRY	New	ARRAY TECHNOLOGIES INC	$2,348,000	–	213,252	–	0.32%	–
PUMP	New	PROPETRO HLDG CORP	$2,298,000	–	229,799	–	0.32%	–
VAL	New	VALARIS LIMITEDcl a	$2,133,000	–	50,493	–	0.29%	–
UNVR	New	UNIVAR SOLUTIONS INC	$1,962,000	–	78,900	–	0.27%	–
APD	New	AIR PRODS & CHEMS INC	$1,900,000	–	7,900	–	0.26%	–
CRC	New	CALIFORNIA RES CORP	$1,882,000	–	48,894	–	0.26%	–
CC	New	CHEMOURS CO	$1,883,000	–	58,800	–	0.26%	–
NETI	New	ENETI INC	$1,726,000	–	281,100	–	0.24%	–
NE	New	NOBLE CORP NEW	$1,653,000	–	65,200	–	0.23%	–
NESR	New	NATIONAL ENERGY SERVICES REU	$1,631,000	–	240,585	–	0.22%	–
CBT	New	CABOT CORP	$1,614,000	–	25,300	–	0.22%	–
TROX	New	TRONOX HOLDINGS PLC	$1,596,000	–	95,000	–	0.22%	–
TTI	New	TETRA TECHNOLOGIES INC DEL	$1,453,000	–	357,855	–	0.20%	–
SLB	New	SCHLUMBERGER LTD	$1,266,000	–	35,400	–	0.17%	–
GTLS	New	CHART INDS INC	$1,258,000	–	7,513	–	0.17%	–
CLIM	New	CLIMATE REAL IMPACT SLUTINS	$737,000	–	75,000	–	0.10%	–
BE	New	BLOOM ENERGY CORP	$561,000	–	34,000	–	0.08%	–
	New	POWER & DIGITAL INFRASTRUCTU*w exp 12/09/202	$33,000	–	175,000	–	0.01%	–
	New	RICE ACQUISITION CORP II*w exp 99/99/999	$30,000	–	100,000	–	0.00%	–
FSSIW	New	FORTISTAR SUSTAINABLE SOL CO*w exp 01/14/202	$19,000	–	150,000	–	0.00%	–
PDOTWS	New	PERIDOT ACQUISITION CORP II*w exp 04/30/202	$15,000	–	85,396	–	0.00%	–
CLIMWS	New	CLIMATE REAL IMPACT SLUTINS*w exp 01/29/202	$3,000	–	15,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CLIMWS	Exit	CLIMATE REAL IMPACT SLUTINS*w exp 01/29/202	$0	–	-15,000	–	-0.00%	–
PDOTWS	Exit	PERIDOT ACQUISITION CORP II*w exp 04/30/202	$0	–	-85,396	–	-0.01%	–
SPAQWS	Exit	SPARTAN ACQUISITION CORP III*w exp 02/04/202	$0	–	-75,000	–	-0.01%	–
DCRNW	Exit	DECARBONIZATION PLUS ACQU II*w exp 01/19/202	$0	–	-66,666	–	-0.01%	–
FSSIW	Exit	FORTISTAR SUSTAINABLE SOL CO*w exp 01/14/202	$0	–	-150,000	–	-0.02%	–
	Exit	RICE ACQUISITION CORP II*w exp 99/99/999	$0	–	-100,000	–	-0.02%	–
GTLS	Exit	CHART INDS INC	$0	–	-1,168	–	-0.03%	–
XPDIW	Exit	POWER & DIGITAL INFRA ACQ CO*w exp 02/12/202	$0	–	-100,000	–	-0.04%	–
	Exit	HYZON MOTORS INC*w exp 10/02/202	$0	–	-181,050	–	-0.04%	–
TTI	Exit	TETRA TECHNOLOGIES INC DEL	$0	–	-86,710	–	-0.04%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-18,515	–	-0.07%	–
	Exit	VOLTA INC	$0	–	-63,200	–	-0.08%	–
	Exit	LI-CYCLE HOLDINGS CORP*w exp 08/10/202	$0	–	-247,480	–	-0.09%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-14,100	–	-0.09%	–
CLIM	Exit	CLIMATE REAL IMPACT SLUTINS	$0	–	-75,000	–	-0.11%	–
IEA	Exit	INFRA AND ENERGY ALTRNTIVE I	$0	–	-73,650	–	-0.12%	–
	Exit	ARCHAEA ENERGY INC*w exp 10/26/202	$0	–	-150,200	–	-0.16%	–
DCRC	Exit	DECARBONIZATION PLUS ACQU II	$0	–	-118,700	–	-0.18%	–
AVNT	Exit	AVIENT CORPORATION	$0	–	-26,700	–	-0.18%	–
FI	Exit	FRANKS INTL N V	$0	–	-472,385	–	-0.20%	–
	Exit	HYZON MOTORS INC	$0	–	-215,944	–	-0.22%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-135,784	–	-0.26%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-147,200	–	-0.28%	–
FSSI	Exit	FORTISTAR SUSTAINABLE SOL CO	$0	–	-300,000	–	-0.43%	–
SPAQ	Exit	SPARTAN ACQUISITION CORP III	$0	–	-300,000	–	-0.43%	–
DCRN	Exit	DECARBONIZATION PLUS ACQU II	$0	–	-311,200	–	-0.45%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-8,400	–	-0.50%	–
NEX	Exit	NEXTIER OILFIELD SOLUTIONS	$0	–	-823,356	–	-0.56%	–
	Exit	RICE ACQUISITION CORP II	$0	–	-400,000	–	-0.58%	–
XPDI	Exit	POWER & DIGITAL INFRA ACQ CO	$0	–	-400,000	–	-0.59%	–
PDOT	Exit	PERIDOT ACQUISITION CORP II	$0	–	-426,984	–	-0.61%	–
NESR	Exit	NATIONAL ENERGY SERVICES REU	$0	–	-342,958	–	-0.63%	–
STEM	Exit	STEM INC	$0	–	-206,596	–	-0.72%	–
VEI	Exit	VINE ENERGY INCcl a	$0	–	-306,521	–	-0.74%	–
MTZ	Exit	MASTEC INC	$0	–	-67,280	–	-0.85%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-933,944	–	-1.03%	–
MGY	Exit	MAGNOLIA OIL & GAS CORPcl a	$0	–	-425,672	–	-1.11%	–
SM	Exit	SM ENERGY CO	$0	–	-292,439	–	-1.13%	–
MDU	Exit	MDU RES GROUP INC	$0	–	-271,420	–	-1.18%	–
	Exit	ARCHAEA ENERGY INC	$0	–	-451,865	–	-1.25%	–
HAL	Exit	HALLIBURTON CO	$0	–	-417,560	–	-1.32%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-149,600	–	-1.35%	–
DTM	Exit	DT MIDSTREAM INC	$0	–	-214,168	–	-1.45%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-126,525	–	-1.69%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-102,644	–	-1.71%	–
	Exit	LI-CYCLE HOLDINGS CORP	$0	–	-1,205,861	–	-2.07%	–
PSX	Exit	PHILLIPS 66	$0	–	-205,610	–	-2.11%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-261,071	–	-2.14%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-495,179	–	-2.15%	–
AR	Exit	ANTERO RESOURCES CORP	$0	–	-853,789	–	-2.35%	–
DK	Exit	DELEK US HLDGS INC NEW	$0	–	-945,393	–	-2.49%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-809,725	–	-2.65%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-963,000	–	-2.93%	–
BG	Exit	BUNGE LIMITED	$0	–	-250,846	–	-2.99%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-445,904	–	-3.10%	–
MTDR	Exit	MATADOR RES CO	$0	–	-573,888	–	-3.20%	–
OLN	Exit	OLIN CORP	$0	–	-452,600	–	-3.20%	–
OVV	Exit	OVINTIV INC	$0	–	-681,614	–	-3.28%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-378,742	–	-3.43%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-250,690	–	-3.48%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-286,052	–	-3.66%	–
TS	Exit	TENARIS S Asponsored ads	$0	–	-1,244,316	–	-3.85%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-389,300	–	-3.87%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-286,403	–	-4.10%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-2,169,403	–	-4.35%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-945,795	–	-4.92%	–
TRGP	Exit	TARGA RES CORP	$0	–	-705,908	–	-5.09%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-701,679	–	-6.01%	–

Q3 2021

			Value		Shares		↓ Weighting
WLL	Sell	WHITING PETE CORP NEW	$40,985,000	-33.8%	701,679	-38.1%	6.01%	-34.4%
TRGP	Buy	TARGA RES CORP	$34,738,000	+41.8%	705,908	+28.1%	5.09%	+40.4%
DVN	Sell	DEVON ENERGY CORP NEW	$33,585,000	-21.1%	945,795	-35.1%	4.92%	-21.8%
MRO	Sell	MARATHON OIL CORP	$29,656,000	-12.7%	2,169,403	-13.0%	4.35%	-13.5%
LNG	Sell	CHENIERE ENERGY INC	$27,973,000	-2.8%	286,403	-13.7%	4.10%	-3.8%
COP	New	CONOCOPHILLIPS	$26,383,000	–	389,300	–	3.87%	–
TS	Buy	TENARIS S Asponsored ads	$26,268,000	+47.1%	1,244,316	+52.6%	3.85%	+45.7%
XEC	Sell	CIMAREX ENERGY CO	$24,944,000	-10.2%	286,052	-25.4%	3.66%	-11.1%
FANG	New	DIAMONDBACK ENERGY INC	$23,733,000	–	250,690	–	3.48%	–
MPC	New	MARATHON PETE CORP	$23,410,000	–	378,742	–	3.43%	–
OVV	Sell	OVINTIV INC	$22,411,000	+0.3%	681,614	-4.0%	3.28%	-0.7%
OLN	Buy	OLIN CORP	$21,838,000	+159.1%	452,600	+148.4%	3.20%	+156.5%
MTDR	Buy	MATADOR RES CO	$21,831,000	+36.9%	573,888	+29.5%	3.20%	+35.5%
PDCE	Sell	PDC ENERGY INC	$21,131,000	-11.5%	445,904	-14.5%	3.10%	-12.4%
BG	New	BUNGE LIMITED	$20,399,000	–	250,846	–	2.99%	–
SU	New	SUNCOR ENERGY INC NEW	$19,973,000	–	963,000	–	2.93%	–
CHX	Buy	CHAMPIONX CORPORATION	$18,105,000	+130.3%	809,725	+164.2%	2.65%	+127.9%
DK	Buy	DELEK US HLDGS INC NEW	$16,989,000	+67.0%	945,393	+100.9%	2.49%	+65.3%
AR	Buy	ANTERO RESOURCES CORP	$16,060,000	+34.5%	853,789	+7.5%	2.35%	+33.2%
HUN	Sell	HUNTSMAN CORP	$14,652,000	-13.7%	495,179	-22.6%	2.15%	-14.5%
CF	Sell	CF INDS HLDGS INC	$14,573,000	-16.6%	261,071	-23.1%	2.14%	-17.4%
PSX	Buy	PHILLIPS 66	$14,399,000	+26.3%	205,610	+54.7%	2.11%	+25.0%
	New	LI-CYCLE HOLDINGS CORP	$14,109,000	–	1,205,861	–	2.07%	–
PWR	Buy	QUANTA SVCS INC	$11,683,000	+78.3%	102,644	+41.9%	1.71%	+76.5%
WLK	Sell	WESTLAKE CHEM CORP	$11,531,000	-15.3%	126,525	-16.3%	1.69%	-16.1%
DTM	Buy	DT MIDSTREAM INC	$9,903,000	+261.8%	214,168	+202.5%	1.45%	+258.3%
CHK	Buy	CHESAPEAKE ENERGY CORP	$9,214,000	+55.7%	149,600	+31.3%	1.35%	+54.1%
HAL	Buy	HALLIBURTON CO	$9,028,000	-4.1%	417,560	+2.5%	1.32%	-5.1%
	New	ARCHAEA ENERGY INC	$8,558,000	–	451,865	–	1.25%	–
MDU	New	MDU RES GROUP INC	$8,053,000	–	271,420	–	1.18%	–
SM	Sell	SM ENERGY CO	$7,715,000	-39.5%	292,439	-43.5%	1.13%	-40.1%
MGY	Sell	MAGNOLIA OIL & GAS CORPcl a	$7,573,000	-44.0%	425,672	-50.8%	1.11%	-44.6%
FTI	Sell	TECHNIPFMC PLC	$7,033,000	-50.2%	933,944	-40.2%	1.03%	-50.7%
VEI	Buy	VINE ENERGY INCcl a	$5,048,000	+56.2%	306,521	+47.8%	0.74%	+54.8%
STEM	Buy	STEM INC	$4,936,000	+792.6%	206,596	+1246.4%	0.72%	+781.7%
NESR	Buy	NATIONAL ENERGY SERVICES REU	$4,294,000	+58.9%	342,958	+80.8%	0.63%	+57.2%
	New	RICE ACQUISITION CORP II	$3,964,000	–	400,000	–	0.58%	–
NEX	New	NEXTIER OILFIELD SOLUTIONS	$3,787,000	–	823,356	–	0.56%	–
GNRC	New	GENERAC HLDGS INC	$3,433,000	–	8,400	–	0.50%	–
DCRN	Buy	DECARBONIZATION PLUS ACQU II	$3,078,000	+19.7%	311,200	+19.4%	0.45%	+18.4%
PBF	Sell	PBF ENERGY INCcl a	$1,909,000	-85.0%	147,200	-82.3%	0.28%	-85.1%
OII	Buy	OCEANEERING INTL INC	$1,809,000	+16.3%	135,784	+35.8%	0.26%	+15.2%
	New	HYZON MOTORS INC	$1,499,000	–	215,944	–	0.22%	–
FI	New	FRANKS INTL N V	$1,389,000	–	472,385	–	0.20%	–
AVNT	New	AVIENT CORPORATION	$1,238,000	–	26,700	–	0.18%	–
DCRC	Sell	DECARBONIZATION PLUS ACQU II	$1,193,000	-69.9%	118,700	-68.9%	0.18%	-70.2%
	New	ARCHAEA ENERGY INC*w exp 10/26/202	$1,102,000	–	150,200	–	0.16%	–
IEA	New	INFRA AND ENERGY ALTRNTIVE I	$842,000	–	73,650	–	0.12%	–
RDSB	Sell	ROYAL DUTCH SHELL PLCspon adr b	$624,000	-80.2%	14,100	-82.7%	0.09%	-80.5%
	New	LI-CYCLE HOLDINGS CORP*w exp 08/10/202	$594,000	–	247,480	–	0.09%	–
	New	VOLTA INC	$547,000	–	63,200	–	0.08%	–
BKR	Sell	BAKER HUGHES COMPANYcl a	$458,000	-96.4%	18,515	-96.7%	0.07%	-96.4%
TTI	Sell	TETRA TECHNOLOGIES INC DEL	$271,000	-46.8%	86,710	-26.0%	0.04%	-46.7%
	New	HYZON MOTORS INC*w exp 10/02/202	$259,000	–	181,050	–	0.04%	–
GTLS	Sell	CHART INDS INC	$223,000	-97.6%	1,168	-98.1%	0.03%	-97.6%
	New	RICE ACQUISITION CORP II*w exp 99/99/999	$160,000	–	100,000	–	0.02%	–
PDACWS	Exit	PERIDOT ACQUISITION CORP*w exp 11/30/202	$0	–	-151,200	–	-0.06%	–
DCRBW	Exit	DECARBONIZATION PLUS ACQU CO*w exp 10/02/202	$0	–	-181,050	–	-0.06%	–
CLIIWS	Exit	CLIMATE CHANGE CRISIS REAL I*w exp 09/15/202	$0	–	-150,000	–	-0.09%	–
RICEWS	Exit	RICE ACQUISITION CORP*w exp 10/26/202	$0	–	-150,200	–	-0.13%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-98,002	–	-0.13%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-119,700	–	-0.38%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-18,300	–	-0.44%	–
EQT	Exit	EQT CORP	$0	–	-142,912	–	-0.47%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-583,500	–	-0.49%	–
CLII	Exit	CLIMATE CHANGE CRISIS REAL I	$0	–	-230,525	–	-0.51%	–
RONIU	Exit	RICE ACQUISITION CORP IIunit 99/99/9999	$0	–	-400,000	–	-0.60%	–
CVI	Exit	CVR ENERGY INC	$0	–	-275,532	–	-0.73%	–
NI	Exit	NISOURCE INC	$0	–	-216,182	–	-0.78%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-52,681	–	-0.80%	–
DCRB	Exit	DECARBONIZATION PLUS ACQU CO	$0	–	-704,059	–	-1.08%	–
TRP	Exit	TC ENERGY CORP	$0	–	-169,412	–	-1.24%	–
RICE	Exit	RICE ACQUISITION CORP	$0	–	-482,065	–	-1.29%	–
BCEI	Exit	BONANZA CREEK ENERGY INC	$0	–	-222,157	–	-1.55%	–
PDAC	Exit	PERIDOT ACQUISITION CORP	$0	–	-1,114,351	–	-2.01%	–
DAR	Exit	DARLING INGREDIENTS INC	$0	–	-233,306	–	-2.33%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-453,260	–	-5.24%	–

Q2 2021

			Value		Shares		↓ Weighting
WLL	New	WHITING PETE CORP NEW	$61,883,000	–	1,134,432	–	9.16%	–
DVN	New	DEVON ENERGY CORP NEW	$42,544,000	–	1,457,471	–	6.30%	–
VLO	New	VALERO ENERGY CORP	$35,391,000	–	453,260	–	5.24%	–
MRO	New	MARATHON OIL CORP	$33,951,000	–	2,492,703	–	5.03%	–
LNG	New	CHENIERE ENERGY INC	$28,787,000	–	331,874	–	4.26%	–
XEC	New	CIMAREX ENERGY CO	$27,771,000	–	383,307	–	4.11%	–
TRGP	New	TARGA RES CORP	$24,500,000	–	551,192	–	3.63%	–
PDCE	New	PDC ENERGY INC	$23,889,000	–	521,704	–	3.54%	–
OVV	New	OVINTIV INC	$22,347,000	–	710,114	–	3.31%	–
TS	New	TENARIS S Asponsored ads	$17,857,000	–	815,405	–	2.64%	–
CF	New	CF INDS HLDGS INC	$17,471,000	–	339,571	–	2.59%	–
HUN	New	HUNTSMAN CORP	$16,970,000	–	639,879	–	2.51%	–
MTDR	New	MATADOR RES CO	$15,952,000	–	442,988	–	2.36%	–
DAR	New	DARLING INGREDIENTS INC	$15,748,000	–	233,306	–	2.33%	–
FTI	New	TECHNIPFMC PLC	$14,123,000	–	1,560,547	–	2.09%	–
WLK	New	WESTLAKE CHEM CORP	$13,613,000	–	151,100	–	2.02%	–
PDAC	New	PERIDOT ACQUISITION CORP	$13,573,000	–	1,114,351	–	2.01%	–
MGY	New	MAGNOLIA OIL & GAS CORPcl a	$13,533,000	–	865,842	–	2.00%	–
SM	New	SM ENERGY CO	$12,751,000	–	517,700	–	1.89%	–
PBF	New	PBF ENERGY INCcl a	$12,727,000	–	831,856	–	1.88%	–
BKR	New	BAKER HUGHES COMPANYcl a	$12,663,000	–	553,680	–	1.88%	–
AR	New	ANTERO RESOURCES CORP	$11,939,000	–	794,350	–	1.77%	–
PSX	New	PHILLIPS 66	$11,405,000	–	132,900	–	1.69%	–
BCEI	New	BONANZA CREEK ENERGY INC	$10,457,000	–	222,157	–	1.55%	–
DK	New	DELEK US HLDGS INC NEW	$10,176,000	–	470,667	–	1.51%	–
HAL	New	HALLIBURTON CO	$9,416,000	–	407,273	–	1.39%	–
GTLS	New	CHART INDS INC	$9,148,000	–	62,523	–	1.35%	–
RICE	New	RICE ACQUISITION CORP	$8,701,000	–	482,065	–	1.29%	–
OLN	New	OLIN CORP	$8,429,000	–	182,216	–	1.25%	–
TRP	New	TC ENERGY CORP	$8,389,000	–	169,412	–	1.24%	–
CHX	New	CHAMPIONX CORPORATION	$7,862,000	–	306,494	–	1.16%	–
DCRB	New	DECARBONIZATION PLUS ACQU CO	$7,259,000	–	704,059	–	1.08%	–
MTZ	New	MASTEC INC	$7,138,000	–	67,280	–	1.06%	–
PWR	New	QUANTA SVCS INC	$6,552,000	–	72,344	–	0.97%	–
CHK	New	CHESAPEAKE ENERGY CORP	$5,916,000	–	113,945	–	0.88%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$5,419,000	–	52,681	–	0.80%	–
NI	New	NISOURCE INC	$5,296,000	–	216,182	–	0.78%	–
CVI	New	CVR ENERGY INC	$4,949,000	–	275,532	–	0.73%	–
PDOT	New	PERIDOT ACQUISITION CORP II	$4,167,000	–	426,984	–	0.62%	–
RONIU	New	RICE ACQUISITION CORP IIunit 99/99/9999	$4,088,000	–	400,000	–	0.60%	–
DCRC	New	DECARBONIZATION PLUS ACQU II	$3,963,000	–	382,200	–	0.59%	–
XPDI	New	POWER & DIGITAL INFRA ACQ CO	$3,932,000	–	400,000	–	0.58%	–
CLII	New	CLIMATE CHANGE CRISIS REAL I	$3,462,000	–	230,525	–	0.51%	–
SWN	New	SOUTHWESTERN ENERGY CO	$3,308,000	–	583,500	–	0.49%	–
VEI	New	VINE ENERGY INCcl a	$3,232,000	–	207,342	–	0.48%	–
EQT	New	EQT CORP	$3,181,000	–	142,912	–	0.47%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$3,157,000	–	81,300	–	0.47%	–
PXD	New	PIONEER NAT RES CO	$2,974,000	–	18,300	–	0.44%	–
SPAQ	New	SPARTAN ACQUISITION CORP III	$2,934,000	–	300,000	–	0.43%	–
FSSI	New	FORTISTAR SUSTAINABLE SOL CO	$2,919,000	–	300,000	–	0.43%	–
DTM	New	DT MIDSTREAM INC	$2,737,000	–	70,800	–	0.40%	–
NESR	New	NATIONAL ENERGY SERVICES REU	$2,703,000	–	189,714	–	0.40%	–
DCRN	New	DECARBONIZATION PLUS ACQU II	$2,572,000	–	260,600	–	0.38%	–
EQNR	New	EQUINOR ASAsponsored adr	$2,538,000	–	119,700	–	0.38%	–
OII	New	OCEANEERING INTL INC	$1,556,000	–	99,955	–	0.23%	–
PUMP	New	PROPETRO HLDG CORP	$898,000	–	98,002	–	0.13%	–
RICEWS	New	RICE ACQUISITION CORP*w exp 10/26/202	$856,000	–	150,200	–	0.13%	–
CLIM	New	CLIMATE REAL IMPACT SLUTINS	$740,000	–	75,000	–	0.11%	–
CLIIWS	New	CLIMATE CHANGE CRISIS REAL I*w exp 09/15/202	$612,000	–	150,000	–	0.09%	–
STEM	New	STEM INC	$553,000	–	15,344	–	0.08%	–
TTI	New	TETRA TECHNOLOGIES INC DEL	$509,000	–	117,210	–	0.08%	–
DCRBW	New	DECARBONIZATION PLUS ACQU CO*w exp 10/02/202	$415,000	–	181,050	–	0.06%	–
PDACWS	New	PERIDOT ACQUISITION CORP*w exp 11/30/202	$410,000	–	151,200	–	0.06%	–
FSSIW	New	FORTISTAR SUSTAINABLE SOL CO*w exp 01/14/202	$168,000	–	150,000	–	0.02%	–
XPDIW	New	POWER & DIGITAL INFRA ACQ CO*w exp 02/12/202	$139,000	–	100,000	–	0.02%	–
PDOTWS	New	PERIDOT ACQUISITION CORP II*w exp 04/30/202	$95,000	–	85,396	–	0.01%	–
DCRNW	New	DECARBONIZATION PLUS ACQU II*w exp 01/19/202	$97,000	–	66,666	–	0.01%	–
SPAQWS	New	SPARTAN ACQUISITION CORP III*w exp 02/04/202	$89,000	–	75,000	–	0.01%	–
CLIMWS	New	CLIMATE REAL IMPACT SLUTINS*w exp 01/29/202	$21,000	–	15,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
PXD	Exit	PIONEER NAT RES CO	$0	–	-3,700	–	-0.08%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-32,200	–	-0.09%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-116,232	–	-0.10%	–
NESR	Exit	NATIONAL ENERGY SERVICES REU	$0	–	-93,615	–	-0.14%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-17,816	–	-0.22%	–
NEX	Exit	NEXTIER OILFIELD SOLUTIONS	$0	–	-631,729	–	-0.28%	–
MTZ	Exit	MASTEC INC	$0	–	-29,900	–	-0.30%	–
DNOW	Exit	NOW INC	$0	–	-370,400	–	-0.40%	–
BCEI	Exit	BONANZA CREEK ENERGY INC	$0	–	-122,134	–	-0.55%	–
PDACU	Exit	PERIDOT ACQUISITION CORPunit 99/99/9999	$0	–	-250,000	–	-0.59%	–
MTDR	Exit	MATADOR RES CO	$0	–	-344,671	–	-0.68%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-191,985	–	-0.71%	–
CLIIU	Exit	CLIMATE CHANGE CRISIS REAL Iunit 99/99/9999	$0	–	-300,000	–	-0.72%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-10,600	–	-0.75%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-85,774	–	-0.82%	–
TS	Exit	TENARIS S Asponsored ads	$0	–	-376,557	–	-0.88%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GRP I	$0	–	-1,761,904	–	-1.01%	–
BKR	Exit	BAKER HUGHES COMPANYcl a	$0	–	-344,463	–	-1.09%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-252,712	–	-1.18%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-213,100	–	-1.23%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-333,804	–	-1.27%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-278,094	–	-1.47%	–
APA	Exit	APACHE CORP	$0	–	-654,900	–	-1.48%	–
CBT	Exit	CABOT CORP	$0	–	-174,679	–	-1.50%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-507,824	–	-1.50%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-116,844	–	-1.54%	–
MGY	Exit	MAGNOLIA OIL & GAS CORPcl a	$0	–	-1,306,992	–	-1.61%	–
CRK	Exit	COMSTOCK RES INC	$0	–	-1,597,345	–	-1.66%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-152,672	–	-1.68%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-369,510	–	-1.73%	–
CE	Exit	CELANESE CORP DEL	$0	–	-80,016	–	-2.04%	–
EOG	Exit	EOG RES INC	$0	–	-249,613	–	-2.13%	–
REGI	Exit	RENEWABLE ENERGY GROUP INC	$0	–	-181,750	–	-2.31%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-590,694	–	-2.44%	–
TRGP	Exit	TARGA RES CORP	$0	–	-741,509	–	-2.47%	–
EQT	Exit	EQT CORP	$0	–	-819,580	–	-2.52%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-4,779,534	–	-2.67%	–
LIN	Exit	LINDE PLC	$0	–	-50,965	–	-2.89%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-2,225,435	–	-3.01%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-600,564	–	-3.17%	–
GTLS	Exit	CHART INDS INC	$0	–	-192,367	–	-3.21%	–
CHX	Exit	CHAMPIONX CORPORATION	$0	–	-1,905,204	–	-3.62%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-2,855,252	–	-4.28%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-624,195	–	-4.36%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-2,032,129	–	-4.57%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-2,435,123	–	-5.42%	–
CXO	Exit	CONCHO RES INC	$0	–	-637,253	–	-6.68%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-1,260,529	–	-7.29%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-1,864,058	–	-7.66%	–

Q3 2020

			Value		Shares		↓ Weighting
WLL	New	WHITING PETE CORP NEW	$32,230,000	–	1,864,058	–	7.66%	–
XEC	Buy	CIMAREX ENERGY CO	$30,669,000	+7.6%	1,260,529	+21.5%	7.29%	+4.4%
CXO	Buy	CONCHO RES INC	$28,116,000	+30.7%	637,253	+52.6%	6.68%	+26.9%
PE	Sell	PARSLEY ENERGY INCcl a	$22,793,000	-34.1%	2,435,123	-24.8%	5.42%	-36.0%
DVN	Sell	DEVON ENERGY CORP NEW	$19,224,000	-17.0%	2,032,129	-0.5%	4.57%	-19.4%
MPC	Sell	MARATHON PETE CORP	$18,314,000	-27.6%	624,195	-7.7%	4.36%	-29.7%
FTI	Buy	TECHNIPFMC PLC	$18,017,000	+177.5%	2,855,252	+200.8%	4.28%	+169.4%
CHX	Buy	CHAMPIONX CORPORATION	$15,223,000	+0.9%	1,905,204	+23.3%	3.62%	-2.0%
GTLS	Sell	CHART INDS INC	$13,518,000	+31.6%	192,367	-9.2%	3.21%	+27.7%
AXTA	Buy	AXALTA COATING SYS LTD	$13,315,000	+4.4%	600,564	+6.2%	3.17%	+1.4%
PBF	New	PBF ENERGY INCcl a	$12,663,000	–	2,225,435	–	3.01%	–
LIN	New	LINDE PLC	$12,136,000	–	50,965	–	2.89%	–
SWN	New	SOUTHWESTERN ENERGY CO	$11,232,000	–	4,779,534	–	2.67%	–
EQT	Sell	EQT CORP	$10,597,000	-21.7%	819,580	-28.0%	2.52%	-24.0%
TRGP	Buy	TARGA RES CORP	$10,403,000	+50.1%	741,509	+114.7%	2.47%	+45.8%
COG	Buy	CABOT OIL & GAS CORP	$10,254,000	+23.3%	590,694	+22.0%	2.44%	+19.7%
REGI	New	RENEWABLE ENERGY GROUP INC	$9,709,000	–	181,750	–	2.31%	–
EOG	New	EOG RES INC	$8,971,000	–	249,613	–	2.13%	–
CE	New	CELANESE CORP DEL	$8,598,000	–	80,016	–	2.04%	–
HFC	New	HOLLYFRONTIER CORP	$7,283,000	–	369,510	–	1.73%	–
LNG	Buy	CHENIERE ENERGY INC	$7,064,000	+1377.8%	152,672	+1442.1%	1.68%	+1335.9%
CRK	Sell	COMSTOCK RES INC	$6,996,000	-14.3%	1,597,345	-14.3%	1.66%	-16.8%
MGY	Buy	MAGNOLIA OIL & GAS CORPcl a	$6,757,000	+36.6%	1,306,992	+60.1%	1.61%	+32.6%
DD	Sell	DUPONT DE NEMOURS INC	$6,483,000	-11.4%	116,844	-15.1%	1.54%	-14.0%
CBT	Buy	CABOT CORP	$6,294,000	+112.9%	174,679	+118.9%	1.50%	+106.8%
PDCE	Sell	PDC ENERGY INC	$6,294,000	-58.7%	507,824	-58.5%	1.50%	-59.9%
APA	Sell	APACHE CORP	$6,202,000	-66.2%	654,900	-51.8%	1.48%	-67.1%
HUN	New	HUNTSMAN CORP	$6,176,000	–	278,094	–	1.47%	–
CNQ	Buy	CANADIAN NAT RES LTD	$5,344,000	+12.4%	333,804	+22.4%	1.27%	+9.2%
RDSB	Buy	ROYAL DUTCH SHELL PLCspon adr b	$5,161,000	-1.4%	213,100	+24.0%	1.23%	-4.3%
WMB	New	WILLIAMS COS INC	$4,966,000	–	252,712	–	1.18%	–
BKR	Sell	BAKER HUGHES COMPANYcl a	$4,578,000	-54.9%	344,463	-47.8%	1.09%	-56.2%
HLX	New	HELIX ENERGY SOLUTIONS GRP I	$4,246,000	–	1,761,904	–	1.01%	–
TS	Sell	TENARIS S Asponsored ads	$3,709,000	-60.4%	376,557	-48.1%	0.88%	-61.6%
GRA	Sell	GRACE W R & CO DEL NEW	$3,456,000	-27.2%	85,774	-8.2%	0.82%	-29.3%
APD	New	AIR PRODS & CHEMS INC	$3,157,000	–	10,600	–	0.75%	–
CLIIU	New	CLIMATE CHANGE CRISIS REAL Iunit 99/99/9999	$3,015,000	–	300,000	–	0.72%	–
SLB	Sell	SCHLUMBERGER LTD	$2,987,000	-45.2%	191,985	-35.2%	0.71%	-46.8%
MTDR	New	MATADOR RES CO	$2,847,000	–	344,671	–	0.68%	–
PDACU	New	PERIDOT ACQUISITION CORPunit 99/99/9999	$2,496,000	–	250,000	–	0.59%	–
BCEI	New	BONANZA CREEK ENERGY INC	$2,296,000	–	122,134	–	0.55%	–
DNOW	New	NOW INC	$1,682,000	–	370,400	–	0.40%	–
MTZ	New	MASTEC INC	$1,262,000	–	29,900	–	0.30%	–
NEX	Buy	NEXTIER OILFIELD SOLUTIONS	$1,169,000	+19.8%	631,729	+58.6%	0.28%	+16.3%
PWR	Buy	QUANTA SVCS INC	$942,000	+34.8%	17,816	+0.0%	0.22%	+31.0%
NESR	Buy	NATIONAL ENERGY SERVICES REU	$597,000	+21.8%	93,615	+31.5%	0.14%	+18.3%
OII	New	OCEANEERING INTL INC	$409,000	–	116,232	–	0.10%	–
KMI	Sell	KINDER MORGAN INC DEL	$397,000	-69.5%	32,200	-62.4%	0.09%	-70.4%
PXD	Sell	PIONEER NAT RES CO	$318,000	-92.0%	3,700	-90.9%	0.08%	-92.2%
OEC	Exit	ORION ENGINEERED CARBONS S A	$0	–	-57,076	–	-0.15%	–
BOOM	Exit	DMC GLOBAL INC	$0	–	-26,300	–	-0.18%	–
SOI	Exit	SOLARIS OILFIELD INFRSTR INC	$0	–	-171,607	–	-0.31%	–
PPG	Exit	PPG INDS INC	$0	–	-12,800	–	-0.33%	–
DRQ	Exit	DRIL QUIP INC	$0	–	-74,020	–	-0.54%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-183,691	–	-0.62%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-126,512	–	-0.88%	–
NOG	Exit	NORTHERN OIL & GAS INC NEV	$0	–	-5,138,744	–	-1.06%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-77,272	–	-1.24%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-192,400	–	-1.97%	–
DK	Exit	DELEK US HLDGS INC NEW	$0	–	-664,824	–	-2.84%	–
TRP	Exit	TC ENERGY CORP	$0	–	-285,402	–	-3.00%	–
PSX	Exit	PHILLIPS 66	$0	–	-205,279	–	-3.62%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-3,234,544	–	-7.10%	–

Q2 2020

			Value		Shares		↓ Weighting
PE	New	PARSLEY ENERGY INCcl a	$34,587,000	–	3,238,523	–	8.47%	–
NBL	New	NOBLE ENERGY INC	$28,982,000	–	3,234,544	–	7.10%	–
XEC	New	CIMAREX ENERGY CO	$28,514,000	–	1,037,245	–	6.98%	–
MPC	New	MARATHON PETE CORP	$25,284,000	–	676,403	–	6.19%	–
DVN	New	DEVON ENERGY CORP NEW	$23,151,000	–	2,041,543	–	5.67%	–
CXO	New	CONCHO RES INC	$21,507,000	–	417,609	–	5.27%	–
APA	New	APACHE CORP	$18,333,000	–	1,357,980	–	4.49%	–
PDCE	New	PDC ENERGY INC	$15,225,000	–	1,223,853	–	3.73%	–
CHX	New	CHAMPIONX CORPORATION	$15,084,000	–	1,545,506	–	3.69%	–
PSX	New	PHILLIPS 66	$14,760,000	–	205,279	–	3.62%	–
EQT	New	EQT CORP	$13,540,000	–	1,137,782	–	3.32%	–
AXTA	New	AXALTA COATING SYS LTD	$12,749,000	–	565,367	–	3.12%	–
TRP	New	TC ENERGY CORP	$12,232,000	–	285,402	–	3.00%	–
DK	New	DELEK US HLDGS INC NEW	$11,575,000	–	664,824	–	2.84%	–
GTLS	New	CHART INDS INC	$10,274,000	–	211,875	–	2.52%	–
BKR	New	BAKER HUGHES COMPANYcl a	$10,154,000	–	659,748	–	2.49%	–
TS	New	TENARIS S Asponsored ads	$9,374,000	–	725,018	–	2.30%	–
COG	New	CABOT OIL & GAS CORP	$8,315,000	–	484,018	–	2.04%	–
CRK	New	COMSTOCK RES INC	$8,166,000	–	1,864,400	–	2.00%	–
FANG	New	DIAMONDBACK ENERGY INC	$8,046,000	–	192,400	–	1.97%	–
DD	New	DUPONT DE NEMOURS INC	$7,315,000	–	137,674	–	1.79%	–
TRGP	New	TARGA RES CORP	$6,931,000	–	345,355	–	1.70%	–
FTI	New	TECHNIPFMC PLC	$6,493,000	–	949,336	–	1.59%	–
SLB	New	SCHLUMBERGER LTD	$5,452,000	–	296,461	–	1.34%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$5,233,000	–	171,841	–	1.28%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$5,078,000	–	77,272	–	1.24%	–
MGY	New	MAGNOLIA OIL & GAS CORPcl a	$4,947,000	–	816,376	–	1.21%	–
CNQ	New	CANADIAN NAT RES LTD	$4,753,000	–	272,700	–	1.16%	–
GRA	New	GRACE W R & CO DEL NEW	$4,749,000	–	93,475	–	1.16%	–
NOG	New	NORTHERN OIL & GAS INC NEV	$4,311,000	–	5,138,744	–	1.06%	–
PXD	New	PIONEER NAT RES CO	$3,976,000	–	40,700	–	0.97%	–
FLS	New	FLOWSERVE CORP	$3,608,000	–	126,512	–	0.88%	–
CBT	New	CABOT CORP	$2,957,000	–	79,800	–	0.72%	–
LPI	New	LAREDO PETROLEUM INC	$2,546,000	–	183,691	–	0.62%	–
DRQ	New	DRIL QUIP INC	$2,205,000	–	74,020	–	0.54%	–
PPG	New	PPG INDS INC	$1,358,000	–	12,800	–	0.33%	–
KMI	New	KINDER MORGAN INC DEL	$1,300,000	–	85,700	–	0.32%	–
SOI	New	SOLARIS OILFIELD INFRSTR INC	$1,273,000	–	171,607	–	0.31%	–
NEX	New	NEXTIER OILFIELD SOLUTIONS	$976,000	–	398,313	–	0.24%	–
BOOM	New	DMC GLOBAL INC	$726,000	–	26,300	–	0.18%	–
PWR	New	QUANTA SVCS INC	$699,000	–	17,811	–	0.17%	–
OEC	New	ORION ENGINEERED CARBONS S A	$604,000	–	57,076	–	0.15%	–
NESR	New	NATIONAL ENERGY SERVICES REU	$490,000	–	71,182	–	0.12%	–
LNG	New	CHENIERE ENERGY INC	$478,000	–	9,900	–	0.12%	–

Q4 2019

			Value		Shares		↓ Weighting
TELL	Exit	TELLURIAN INC NEW	$0	–	-57,800	–	-0.12%	–
WHD	Exit	CACTUS INCcl a	$0	–	-24,703	–	-0.18%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-13,300	–	-0.21%	–
NESR	Exit	NATIONAL ENERGY SERVICES REU	$0	–	-145,700	–	-0.24%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-12,200	–	-0.27%	–
RPM	Exit	RPM INTL INC	$0	–	-32,285	–	-0.55%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-65,001	–	-0.64%	–
JAG	Exit	JAGGED PEAK ENERGY INC	$0	–	-395,070	–	-0.70%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-62,904	–	-0.72%	–
VNOM	Exit	VIPER ENERGY PARTNERS LP	$0	–	-113,112	–	-0.77%	–
APY	Exit	APERGY CORP	$0	–	-116,655	–	-0.78%	–
RRC	Exit	RANGE RES CORP	$0	–	-1,020,500	–	-0.96%	–
LIN	Exit	LINDE PLC	$0	–	-20,286	–	-0.97%	–
PVAC	Exit	PENN VA CORP NEW	$0	–	-158,713	–	-1.13%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-372,139	–	-1.24%	–
BKR	Exit	BAKER HUGHES A GE COcl a	$0	–	-232,122	–	-1.32%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-105,221	–	-1.39%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-219,755	–	-1.47%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-283,546	–	-1.48%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-502,100	–	-1.51%	–
MDU	Exit	MDU RES GROUP INC	$0	–	-238,086	–	-1.65%	–
SM	Exit	SM ENERGY CO	$0	–	-713,450	–	-1.70%	–
ERF	Exit	ENERPLUS CORP	$0	–	-951,171	–	-1.74%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-337,834	–	-1.93%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-133,600	–	-2.00%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-95,900	–	-2.01%	–
NOG	Exit	NORTHERN OIL & GAS INC NEV	$0	–	-4,265,176	–	-2.06%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-204,295	–	-2.41%	–
TRGP	Exit	TARGA RES CORP	$0	–	-263,385	–	-2.60%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-169,648	–	-2.97%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-631,600	–	-3.20%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-345,752	–	-3.21%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-130,637	–	-4.04%	–
TRP	Exit	TC ENERGY CORP	$0	–	-339,523	–	-4.32%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-734,963	–	-4.36%	–
GTLS	Exit	CHART INDS INC	$0	–	-307,877	–	-4.72%	–
WPX	Exit	WPX ENERGY INC	$0	–	-1,906,805	–	-4.96%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-184,600	–	-5.38%	–
EQT	Exit	EQT CORP	$0	–	-2,479,492	–	-6.48%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-1,686,433	–	-6.96%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-322,644	–	-7.13%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-995,159	–	-7.53%	–

Q3 2019

			Value		Shares		↓ Weighting
CLR	Buy	CONTINENTAL RESOURCES INC	$30,641,000	+80.2%	995,159	+146.4%	7.53%	+153.5%
FANG	Buy	DIAMONDBACK ENERGY INC	$29,009,000	+72.9%	322,644	+109.5%	7.13%	+143.2%
PE	Sell	PARSLEY ENERGY INCcl a	$28,332,000	-17.0%	1,686,433	-6.1%	6.96%	+16.8%
EQT	Buy	EQT CORP	$26,382,000	+34.6%	2,479,492	+100.0%	6.48%	+89.3%
CVX	New	CHEVRON CORP NEW	$21,894,000	–	184,600	–	5.38%	–
WPX	Buy	WPX ENERGY INC	$20,193,000	+32.0%	1,906,805	+43.5%	4.96%	+85.7%
GTLS	Buy	CHART INDS INC	$19,199,000	-13.3%	307,877	+6.9%	4.72%	+22.0%
FTI	Buy	TECHNIPFMC PLC	$17,742,000	+56.2%	734,963	+67.9%	4.36%	+119.8%
TRP	New	TC ENERGY CORP	$17,584,000	–	339,523	–	4.32%	–
PXD	Buy	PIONEER NAT RES CO	$16,430,000	+7.5%	130,637	+31.5%	4.04%	+51.2%
PWR	Buy	QUANTA SVCS INC	$13,069,000	+105.4%	345,752	+107.5%	3.21%	+188.8%
KMI	New	KINDER MORGAN INC DEL	$13,017,000	–	631,600	–	3.20%	–
DD	New	DUPONT DE NEMOURS INC	$12,098,000	–	169,648	–	2.97%	–
TRGP	New	TARGA RES CORP	$10,580,000	–	263,385	–	2.60%	–
XEC	New	CIMAREX ENERGY CO	$9,794,000	–	204,295	–	2.41%	–
NOG	Buy	NORTHERN OIL & GAS INC NEV	$8,360,000	+72.1%	4,265,176	+69.4%	2.06%	+142.0%
VLO	New	VALERO ENERGY CORP NEW	$8,175,000	–	95,900	–	2.01%	–
MPC	New	MARATHON PETE CORP	$8,116,000	–	133,600	–	2.00%	–
HUN	Sell	HUNTSMAN CORP	$7,858,000	-49.3%	337,834	-55.4%	1.93%	-28.6%
ERF	Sell	ENERPLUS CORP	$7,087,000	-60.4%	951,171	-60.0%	1.74%	-44.2%
SM	Buy	SM ENERGY CO	$6,913,000	+33.1%	713,450	+72.0%	1.70%	+87.3%
MDU	New	MDU RES GROUP INC	$6,712,000	–	238,086	–	1.65%	–
MRO	New	MARATHON OIL CORP	$6,161,000	–	502,100	–	1.51%	–
NOV	New	NATIONAL OILWELL VARCO INC	$6,011,000	–	283,546	–	1.48%	–
PBF	Sell	PBF ENERGY INCcl a	$5,975,000	-66.5%	219,755	-61.4%	1.47%	-52.8%
HFC	Sell	HOLLYFRONTIER CORP	$5,644,000	-45.6%	105,221	-53.0%	1.39%	-23.5%
BKR	New	BAKER HUGHES A GE COcl a	$5,385,000	–	232,122	–	1.32%	–
OII	New	OCEANEERING INTL INC	$5,042,000	–	372,139	–	1.24%	–
PVAC	Buy	PENN VA CORP NEW	$4,614,000	+29.6%	158,713	+36.8%	1.13%	+82.3%
LIN	Sell	LINDE PLC	$3,930,000	-79.9%	20,286	-79.2%	0.97%	-71.8%
RRC	Buy	RANGE RES CORP	$3,898,000	+610.0%	1,020,500	+1198.3%	0.96%	+897.9%
APY	New	APERGY CORP	$3,156,000	–	116,655	–	0.78%	–
VNOM	New	VIPER ENERGY PARTNERS LP	$3,130,000	–	113,112	–	0.77%	–
CLB	Sell	CORE LABORATORIES N V	$2,933,000	-55.1%	62,904	-49.7%	0.72%	-36.9%
JAG	Buy	JAGGED PEAK ENERGY INC	$2,868,000	-3.0%	395,070	+10.5%	0.70%	+36.4%
HP	Sell	HELMERICH & PAYNE INC	$2,605,000	-77.8%	65,001	-71.9%	0.64%	-68.8%
RPM	New	RPM INTL INC	$2,222,000	–	32,285	–	0.55%	–
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$1,092,000	-92.1%	12,200	-92.4%	0.27%	-88.9%
LNG	New	CHENIERE ENERGY INC	$839,000	–	13,300	–	0.21%	–
WHD	New	CACTUS INCcl a	$715,000	–	24,703	–	0.18%	–
TELL	New	TELLURIAN INC NEW	$481,000	–	57,800	–	0.12%	–
OSG	Exit	OVERSEAS SHIPHOLDING GROUP Icl a new	$0	–	-52,600	–	-0.02%	–
ASC	Exit	ARDMORE SHIPPING CORP	$0	–	-18,317	–	-0.03%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-12,701	–	-0.07%	–
VNTR	Exit	VENATOR MATLS PLC	$0	–	-85,547	–	-0.08%	–
UGI	Exit	UGI CORP NEW	$0	–	-10,511	–	-0.10%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-116,000	–	-0.18%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-165,100	–	-0.18%	–
CDEV	Exit	CENTENNIAL RESOURCE DEV INCcl a	$0	–	-160,200	–	-0.21%	–
POL	Exit	POLYONE CORP	$0	–	-46,481	–	-0.26%	–
OEC	Exit	ORION ENGINEERED CARBONS S A	$0	–	-108,401	–	-0.41%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-65,962	–	-0.80%	–
SRCI	Exit	SRC ENERGY INC	$0	–	-1,134,200	–	-0.98%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-226,644	–	-1.10%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-338,600	–	-1.60%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-259,199	–	-1.80%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-374,600	–	-1.84%	–
PAGP	Exit	PLAINS GP HLDGS L Pltd partnr int a	$0	–	-428,405	–	-1.87%	–
BG	Exit	BUNGE LIMITED	$0	–	-200,800	–	-1.96%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-460,175	–	-1.98%	–
BERY	Exit	BERRY GLOBAL GROUP INC	$0	–	-240,289	–	-2.21%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-505,450	–	-2.52%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-221,217	–	-2.94%	–
UNVR	Exit	UNIVAR INC	$0	–	-776,919	–	-2.99%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-1,043,700	–	-3.61%	–
ECA	Exit	ENCANA CORP	$0	–	-4,374,554	–	-3.92%	–
PSX	Exit	PHILLIPS 66	$0	–	-240,000	–	-3.92%	–
CXO	Exit	CONCHO RES INC	$0	–	-286,765	–	-5.17%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-627,126	–	-6.68%	–

Q2 2019

			Value		Shares		↓ Weighting
COP	New	CONOCOPHILLIPS	$38,255,000	–	627,126	–	6.68%	–
PE	New	PARSLEY ENERGY INCcl a	$34,124,000	–	1,795,048	–	5.96%	–
CXO	New	CONCHO RES INC	$29,588,000	–	286,765	–	5.17%	–
PSX	New	PHILLIPS 66	$22,450,000	–	240,000	–	3.92%	–
ECA	New	ENCANA CORP	$22,441,000	–	4,374,554	–	3.92%	–
GTLS	New	CHART INDS INC	$22,144,000	–	288,038	–	3.87%	–
EQNR	New	EQUINOR ASAsponsored adr	$20,644,000	–	1,043,700	–	3.61%	–
EQT	New	EQT CORP	$19,602,000	–	1,239,836	–	3.42%	–
LIN	New	LINDE PLC	$19,589,000	–	97,557	–	3.42%	–
ERF	New	ENERPLUS CORP	$17,882,000	–	2,377,277	–	3.12%	–
PBF	New	PBF ENERGY INCcl a	$17,811,000	–	569,030	–	3.11%	–
UNVR	New	UNIVAR INC	$17,123,000	–	776,919	–	2.99%	–
CLR	New	CONTINENTAL RESOURCES INC	$17,002,000	–	403,938	–	2.97%	–
GRA	New	GRACE W R & CO DEL NEW	$16,837,000	–	221,217	–	2.94%	–
FANG	New	DIAMONDBACK ENERGY INC	$16,782,000	–	154,010	–	2.93%	–
HUN	New	HUNTSMAN CORP	$15,487,000	–	757,682	–	2.71%	–
WPX	New	WPX ENERGY INC	$15,297,000	–	1,329,005	–	2.67%	–
PXD	New	PIONEER NAT RES CO	$15,284,000	–	99,337	–	2.67%	–
DVN	New	DEVON ENERGY CORP NEW	$14,415,000	–	505,450	–	2.52%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$13,858,000	–	160,900	–	2.42%	–
BERY	New	BERRY GLOBAL GROUP INC	$12,637,000	–	240,289	–	2.21%	–
HP	New	HELMERICH & PAYNE INC	$11,724,000	–	231,600	–	2.05%	–
FTI	New	TECHNIPFMC PLC	$11,356,000	–	437,768	–	1.98%	–
MUR	New	MURPHY OIL CORP	$11,343,000	–	460,175	–	1.98%	–
BG	New	BUNGE LIMITED	$11,187,000	–	200,800	–	1.96%	–
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$10,697,000	–	428,405	–	1.87%	–
WMB	New	WILLIAMS COS INC DEL	$10,504,000	–	374,600	–	1.84%	–
HFC	New	HOLLYFRONTIER CORP	$10,371,000	–	224,100	–	1.81%	–
SLB	New	SCHLUMBERGER LTD	$10,301,000	–	259,199	–	1.80%	–
CNQ	New	CANADIAN NAT RES LTD	$9,132,000	–	338,600	–	1.60%	–
CLB	New	CORE LABORATORIES N V	$6,535,000	–	125,000	–	1.14%	–
PWR	New	QUANTA SVCS INC	$6,364,000	–	166,646	–	1.11%	–
IMO	New	IMPERIAL OIL LTD	$6,271,000	–	226,644	–	1.10%	–
SRCI	New	SRC ENERGY INC	$5,626,000	–	1,134,200	–	0.98%	–
SM	New	SM ENERGY CO	$5,193,000	–	414,795	–	0.91%	–
NOG	New	NORTHERN OIL & GAS INC NEV	$4,858,000	–	2,517,276	–	0.85%	–
WLK	New	WESTLAKE CHEM CORP	$4,582,000	–	65,962	–	0.80%	–
PVAC	New	PENN VA CORP NEW	$3,559,000	–	115,992	–	0.62%	–
JAG	New	JAGGED PEAK ENERGY INC	$2,957,000	–	357,514	–	0.52%	–
OEC	New	ORION ENGINEERED CARBONS S A	$2,321,000	–	108,401	–	0.41%	–
POL	New	POLYONE CORP	$1,459,000	–	46,481	–	0.26%	–
NESR	New	NATIONAL ENERGY SERVICES REU	$1,268,000	–	145,700	–	0.22%	–
CDEV	New	CENTENNIAL RESOURCE DEV INCcl a	$1,216,000	–	160,200	–	0.21%	–
RIG	New	TRANSOCEAN LTD	$1,058,000	–	165,100	–	0.18%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING IN	$1,029,000	–	116,000	–	0.18%	–
UGI	New	UGI CORP NEW	$561,000	–	10,511	–	0.10%	–
RRC	New	RANGE RES CORP	$549,000	–	78,600	–	0.10%	–
VNTR	New	VENATOR MATLS PLC	$453,000	–	85,547	–	0.08%	–
STNG	New	SCORPIO TANKERS INC	$375,000	–	12,701	–	0.07%	–
ASC	New	ARDMORE SHIPPING CORP	$149,000	–	18,317	–	0.03%	–
OSG	New	OVERSEAS SHIPHOLDING GROUP Icl a new	$99,000	–	52,600	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-20,000	–	-0.05%	–
TTI	Exit	TETRA TECHNOLOGIES INC DEL	$0	–	-114,100	–	-0.08%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-54,677	–	-0.15%	–
MGY	Exit	MAGNOLIA OIL & GAS CORPcl a	$0	–	-69,000	–	-0.15%	–
SM	Exit	SM ENERGY CO	$0	–	-35,400	–	-0.17%	–
PARR	Exit	PAR PACIFIC HOLDINGS INC	$0	–	-72,700	–	-0.22%	–
BTEGF	Exit	BAYTEX ENERGY CORP	$0	–	-568,500	–	-0.24%	–
CJ	Exit	C&J ENERGY SVCS INC NEW	$0	–	-86,765	–	-0.27%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-156,900	–	-0.32%	–
FRAC	Exit	KEANE GROUP INC	$0	–	-183,477	–	-0.34%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-93,658	–	-0.38%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-88,200	–	-0.44%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-49,200	–	-0.45%	–
NTR	Exit	NUTRIEN LTD	$0	–	-68,600	–	-0.59%	–
ENB	Exit	ENBRIDGE INC	$0	–	-126,759	–	-0.61%	–
GDI	Exit	GARDNER DENVER HLDGS INC	$0	–	-145,609	–	-0.61%	–
UNVR	Exit	UNIVAR INC	$0	–	-137,279	–	-0.63%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-88,400	–	-0.72%	–
FTSI	Exit	FTS INTERNATIONAL INC	$0	–	-415,450	–	-0.73%	–
MTZ	Exit	MASTEC INC	$0	–	-154,170	–	-1.02%	–
GTLS	Exit	CHART INDS INC	$0	–	-91,441	–	-1.06%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-91,172	–	-1.08%	–
APY	Exit	APERGY CORP	$0	–	-169,619	–	-1.10%	–
E	Exit	ENI S P Asponsored adr	$0	–	-208,200	–	-1.17%	–
WRD	Exit	WILDHORSE RESOURCE DEV CORP	$0	–	-334,897	–	-1.18%	–
DK	Exit	DELEK US HLDGS INC NEW	$0	–	-190,194	–	-1.20%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-169,785	–	-1.24%	–
NOG	Exit	NORTHERN OIL & GAS INC NEV	$0	–	-2,098,877	–	-1.25%	–
RRC	Exit	RANGE RES CORP	$0	–	-535,487	–	-1.35%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-146,300	–	-1.50%	–
MDU	Exit	MDU RES GROUP INC	$0	–	-414,400	–	-1.58%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-481,639	–	-1.61%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-131,966	–	-1.64%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-119,885	–	-1.78%	–
ERF	Exit	ENERPLUS CORP	$0	–	-997,214	–	-1.83%	–
FMC	Exit	F M C CORP	$0	–	-151,293	–	-1.96%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-482,100	–	-2.07%	–
CBT	Exit	CABOT CORP	$0	–	-221,851	–	-2.07%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-182,700	–	-2.10%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-203,459	–	-2.16%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-539,072	–	-2.18%	–
CC	Exit	CHEMOURS CO	$0	–	-422,730	–	-2.48%	–
PAGP	Exit	PLAINS GP HLDGS L Pltd partnr int a	$0	–	-753,888	–	-2.75%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-3,013,482	–	-2.76%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-751,400	–	-2.82%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-214,300	–	-2.96%	–
TS	Exit	TENARIS S Asponsored adr	$0	–	-598,785	–	-2.98%	–
WPX	Exit	WPX ENERGY INC	$0	–	-1,014,423	–	-3.03%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-311,475	–	-3.12%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-630,805	–	-3.19%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-262,300	–	-3.32%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-828,334	–	-3.60%	–
PSX	Exit	PHILLIPS 66	$0	–	-224,136	–	-3.76%	–
OKE	Exit	ONEOK INC NEW	$0	–	-503,246	–	-5.07%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-253,352	–	-5.09%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-720,150	–	-5.68%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-1,768,377	–	-6.12%	–

Q3 2018

			Value		Shares		↓ Weighting
MRO	Buy	MARATHON OIL CORP	$41,168,000	+81.7%	1,768,377	+62.8%	6.12%	+65.8%
WLL	New	WHITING PETE CORP NEW	$38,197,000	–	720,150	–	5.68%	–
FANG	Buy	DIAMONDBACK ENERGY INC	$34,251,000	+350.4%	253,352	+338.3%	5.09%	+311.0%
OKE	Buy	ONEOK INC NEW	$34,115,000	+37.9%	503,246	+42.1%	5.07%	+25.9%
PSX	New	PHILLIPS 66	$25,265,000	–	224,136	–	3.76%	–
PE	Sell	PARSLEY ENERGY INCcl a	$24,229,000	-21.2%	828,334	-18.4%	3.60%	-28.1%
XOM	New	EXXON MOBIL CORP	$22,301,000	–	262,300	–	3.32%	–
PBA	Buy	PEMBINA PIPELINE CORP	$21,440,000	+5.4%	630,805	+7.4%	3.19%	-3.8%
APC	New	ANADARKO PETE CORP	$20,997,000	–	311,475	–	3.12%	–
WPX	Buy	WPX ENERGY INC	$20,410,000	+15.7%	1,014,423	+3.7%	3.03%	+5.6%
TS	Sell	TENARIS S Asponsored adr	$20,071,000	-8.9%	598,785	-1.1%	2.98%	-16.8%
XEC	New	CIMAREX ENERGY CO	$19,917,000	–	214,300	–	2.96%	–
CRZO	Buy	CARRIZO OIL & GAS INC	$18,935,000	+56.2%	751,400	+72.6%	2.82%	+42.5%
NBR	Buy	NABORS INDUSTRIES LTD	$18,563,000	+130.1%	3,013,482	+139.4%	2.76%	+110.0%
PAGP	Buy	PLAINS GP HLDGS L Pltd partnr int a	$18,493,000	+288.6%	753,888	+278.7%	2.75%	+254.7%
CC	Sell	CHEMOURS CO	$16,672,000	-12.2%	422,730	-1.2%	2.48%	-19.8%
WMB	Sell	WILLIAMS COS INC DEL	$14,657,000	-44.5%	539,072	-44.7%	2.18%	-49.4%
GRA	New	GRACE W R & CO DEL NEW	$14,539,000	–	203,459	–	2.16%	–
COP	New	CONOCOPHILLIPS	$14,141,000	–	182,700	–	2.10%	–
CBT	Buy	CABOT CORP	$13,914,000	+192.8%	221,851	+188.4%	2.07%	+167.2%
NFX	New	NEWFIELD EXPL CO	$13,899,000	–	482,100	–	2.07%	–
FMC	Sell	F M C CORP	$13,190,000	-13.5%	151,293	-11.5%	1.96%	-21.1%
ERF	Buy	ENERPLUS CORP	$12,317,000	+3.3%	997,214	+5.5%	1.83%	-5.7%
ALB	New	ALBEMARLE CORP	$11,962,000	–	119,885	–	1.78%	–
ASH	Buy	ASHLAND GLOBAL HLDGS INC	$11,067,000	+171.9%	131,966	+153.5%	1.64%	+148.1%
COG	New	CABOT OIL & GAS CORP	$10,847,000	–	481,639	–	1.61%	–
MDU	New	MDU RES GROUP INC	$10,646,000	–	414,400	–	1.58%	–
HP	New	HELMERICH & PAYNE INC	$10,061,000	–	146,300	–	1.50%	–
RRC	New	RANGE RES CORP	$9,098,000	–	535,487	–	1.35%	–
NOG	New	NORTHERN OIL & GAS INC NEV	$8,396,000	–	2,098,877	–	1.25%	–
PDCE	Buy	PDC ENERGY INC	$8,313,000	+15.4%	169,785	+42.4%	1.24%	+5.3%
DK	Sell	DELEK US HLDGS INC NEW	$8,070,000	-25.3%	190,194	-11.7%	1.20%	-31.8%
WRD	Buy	WILDHORSE RESOURCE DEV CORP	$7,917,000	+27.8%	334,897	+37.1%	1.18%	+16.7%
E	New	ENI S P Asponsored adr	$7,841,000	–	208,200	–	1.17%	–
APY	New	APERGY CORP	$7,389,000	–	169,619	–	1.10%	–
MPC	New	MARATHON PETE CORP	$7,291,000	–	91,172	–	1.08%	–
GTLS	Buy	CHART INDS INC	$7,163,000	+44.4%	91,441	+13.7%	1.06%	+31.8%
MTZ	Buy	MASTEC INC	$6,884,000	+93.2%	154,170	+119.6%	1.02%	+76.4%
FTSI	Buy	FTS INTERNATIONAL INC	$4,898,000	+63.2%	415,450	+97.1%	0.73%	+48.9%
CF	New	CF INDS HLDGS INC	$4,812,000	–	88,400	–	0.72%	–
UNVR	New	UNIVAR INC	$4,209,000	–	137,279	–	0.63%	–
GDI	Buy	GARDNER DENVER HLDGS INC	$4,127,000	+329.4%	145,609	+345.3%	0.61%	+291.1%
ENB	Sell	ENBRIDGE INC	$4,093,000	-84.9%	126,759	-83.4%	0.61%	-86.3%
NTR	New	NUTRIEN LTD	$3,958,000	–	68,600	–	0.59%	–
SLB	New	SCHLUMBERGER LTD	$2,997,000	–	49,200	–	0.45%	–
PWR	Buy	QUANTA SVCS INC	$2,944,000	+1.6%	88,200	+1.6%	0.44%	-7.2%
OII	Sell	OCEANEERING INTL INC	$2,585,000	-69.5%	93,658	-71.8%	0.38%	-72.2%
FRAC	Sell	KEANE GROUP INC	$2,270,000	-36.5%	183,477	-29.8%	0.34%	-42.1%
RIG	Sell	TRANSOCEAN LTD	$2,189,000	-61.8%	156,900	-63.2%	0.32%	-65.2%
CJ	New	C&J ENERGY SVCS INC NEW	$1,805,000	–	86,765	–	0.27%	–
BTEGF	New	BAYTEX ENERGY CORP	$1,651,000	–	568,500	–	0.24%	–
PARR	New	PAR PACIFIC HOLDINGS INC	$1,483,000	–	72,700	–	0.22%	–
SM	Sell	SM ENERGY CO	$1,116,000	-79.1%	35,400	-83.0%	0.17%	-80.9%
MGY	New	MAGNOLIA OIL & GAS CORPcl a	$1,036,000	–	69,000	–	0.15%	–
RDC	Sell	ROWAN COMPANIES PLC	$1,030,000	-86.8%	54,677	-88.7%	0.15%	-88.0%
TTI	New	TETRA TECHNOLOGIES INC DEL	$515,000	–	114,100	–	0.08%	–
PUMP	New	PROPETRO HLDG CORP	$330,000	–	20,000	–	0.05%	–
NESR	Exit	NATIONAL ENERGY SERVICES REU	$0	–	-147,900	–	-0.25%	–
HPR	Exit	HIGHPOINT RES CORP	$0	–	-265,864	–	-0.26%	–
ESV	Exit	ENSCO PLC	$0	–	-435,900	–	-0.52%	–
EQT	Exit	EQT CORP	$0	–	-74,000	–	-0.66%	–
SPNV	Exit	SUPERIOR ENERGY SVCS INC	$0	–	-494,800	–	-0.78%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-18,029	–	-1.20%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-2,380,800	–	-1.28%	–
NEBLQ	Exit	NOBLE CORP PLC	$0	–	-1,268,800	–	-1.31%	–
MMM	Exit	3M CO	$0	–	-41,253	–	-1.32%	–
MRC	Exit	MRC GLOBAL INC	$0	–	-412,557	–	-1.46%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-328,655	–	-1.56%	–
CASY	Exit	CASEYS GEN STORES INC	$0	–	-94,079	–	-1.61%	–
PVAC	Exit	PENN VA CORP NEW	$0	–	-133,976	–	-1.85%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-210,382	–	-2.26%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-412,400	–	-2.42%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-147,130	–	-2.66%	–
CE	Exit	CELANESE CORP DEL	$0	–	-147,373	–	-2.66%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-1,588,200	–	-2.68%	–
CRCQQ	Exit	CALIFORNIA RES CORP	$0	–	-404,584	–	-2.99%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-452,700	–	-3.09%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-656,000	–	-3.39%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-950,091	–	-6.80%	–

Q2 2018

			Value		Shares		↓ Weighting
DVN	New	DEVON ENERGY CORP NEW	$41,766,000	–	950,091	–	6.80%	–
PE	New	PARSLEY ENERGY INCcl a	$30,755,000	–	1,015,700	–	5.01%	–
ENB	New	ENBRIDGE INC	$27,174,000	–	761,400	–	4.43%	–
WMB	New	WILLIAMS COS INC DEL	$26,423,000	–	974,650	–	4.30%	–
OKE	New	ONEOK INC NEW	$24,730,000	–	354,148	–	4.03%	–
MRO	New	MARATHON OIL CORP	$22,662,000	–	1,086,400	–	3.69%	–
TS	New	TENARIS S Asponsored adr	$22,028,000	–	605,329	–	3.59%	–
FTI	New	TECHNIPFMC PLC	$20,821,000	–	656,000	–	3.39%	–
PBA	New	PEMBINA PIPELINE CORP	$20,345,000	–	587,478	–	3.31%	–
PBF	New	PBF ENERGY INCcl a	$18,982,000	–	452,700	–	3.09%	–
CC	New	CHEMOURS CO	$18,979,000	–	427,830	–	3.09%	–
CRCQQ	New	CALIFORNIA RES CORP	$18,384,000	–	404,584	–	2.99%	–
WPX	New	WPX ENERGY INC	$17,636,000	–	978,120	–	2.87%	–
CVE	New	CENOVUS ENERGY INC	$16,486,000	–	1,588,200	–	2.68%	–
CE	New	CELANESE CORP DEL	$16,367,000	–	147,373	–	2.66%	–
VLO	New	VALERO ENERGY CORP NEW	$16,306,000	–	147,130	–	2.66%	–
FMC	New	F M C CORP	$15,254,000	–	170,993	–	2.48%	–
CNQ	New	CANADIAN NAT RES LTD	$14,875,000	–	412,400	–	2.42%	–
DWDP	New	DOWDUPONT INC	$13,868,000	–	210,382	–	2.26%	–
CRZO	New	CARRIZO OIL & GAS INC	$12,126,000	–	435,400	–	1.98%	–
ERF	New	ENERPLUS CORP	$11,922,000	–	945,334	–	1.94%	–
PVAC	New	PENN VA CORP NEW	$11,373,000	–	133,976	–	1.85%	–
DK	New	DELEK US HLDGS INC NEW	$10,803,000	–	215,324	–	1.76%	–
CASY	New	CASEYS GEN STORES INC	$9,886,000	–	94,079	–	1.61%	–
HUN	New	HUNTSMAN CORP	$9,597,000	–	328,655	–	1.56%	–
MRC	New	MRC GLOBAL INC	$8,940,000	–	412,557	–	1.46%	–
OII	New	OCEANEERING INTL INC	$8,466,000	–	332,540	–	1.38%	–
MMM	New	3M CO	$8,115,000	–	41,253	–	1.32%	–
NBR	New	NABORS INDUSTRIES LTD	$8,067,000	–	1,258,529	–	1.31%	–
NEBLQ	New	NOBLE CORP PLC	$8,032,000	–	1,268,800	–	1.31%	–
WFTIQ	New	WEATHERFORD INTL PLC	$7,833,000	–	2,380,800	–	1.28%	–
RDC	New	ROWAN COMPANIES PLC	$7,828,000	–	482,627	–	1.28%	–
FANG	New	DIAMONDBACK ENERGY INC	$7,605,000	–	57,800	–	1.24%	–
SHW	New	SHERWIN WILLIAMS CO	$7,348,000	–	18,029	–	1.20%	–
PDCE	New	PDC ENERGY INC	$7,206,000	–	119,200	–	1.17%	–
WRD	New	WILDHORSE RESOURCE DEV CORP	$6,195,000	–	244,300	–	1.01%	–
RIG	New	TRANSOCEAN LTD	$5,732,000	–	426,500	–	0.93%	–
SM	New	SM ENERGY CO	$5,349,000	–	208,200	–	0.87%	–
GTLS	New	CHART INDS INC	$4,962,000	–	80,441	–	0.81%	–
SPNV	New	SUPERIOR ENERGY SVCS INC	$4,819,000	–	494,800	–	0.78%	–
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$4,759,000	–	199,054	–	0.78%	–
CBT	New	CABOT CORP	$4,752,000	–	76,937	–	0.77%	–
EQT	New	EQT CORP	$4,083,000	–	74,000	–	0.66%	–
ASH	New	ASHLAND GLOBAL HLDGS INC	$4,070,000	–	52,060	–	0.66%	–
FRAC	New	KEANE GROUP INC	$3,572,000	–	261,280	–	0.58%	–
MTZ	New	MASTEC INC	$3,564,000	–	70,220	–	0.58%	–
ESV	New	ENSCO PLC	$3,165,000	–	435,900	–	0.52%	–
FTSI	New	FTS INTERNATIONAL INC	$3,002,000	–	210,814	–	0.49%	–
PWR	New	QUANTA SVCS INC	$2,899,000	–	86,800	–	0.47%	–
HPR	New	HIGHPOINT RES CORP	$1,616,000	–	265,864	–	0.26%	–
NESR	New	NATIONAL ENERGY SERVICES REU	$1,544,000	–	147,900	–	0.25%	–
GDI	New	GARDNER DENVER HLDGS INC	$961,000	–	32,697	–	0.16%	–

Q4 2017

			Value		Shares		↓ Weighting
TUSK	Exit	MAMMOTH ENERGY SVCS INC	$0	–	-21,699	–	-0.05%	–
CJ	Exit	C&J ENERGY SVCS INC NEW	$0	–	-26,547	–	-0.10%	–
ESTE	Exit	EARTHSTONE ENERGY INCcl a	$0	–	-74,887	–	-0.11%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-27,138	–	-0.17%	–
WTTR	Exit	SELECT ENERGY SVCS INC	$0	–	-98,673	–	-0.20%	–
FET	Exit	FORUM ENERGY TECHNOLOGIES IN	$0	–	-131,100	–	-0.27%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-76,854	–	-0.28%	–
BASX	Exit	BASIC ENERGY SVCS INC NEW	$0	–	-137,000	–	-0.34%	–
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-100,625	–	-0.39%	–
PBF	Exit	PBF ENERGY INCcl a	$0	–	-110,900	–	-0.40%	–
OLN	Exit	OLIN CORP	$0	–	-93,923	–	-0.42%	–
RES	Exit	RPC INC	$0	–	-139,500	–	-0.45%	–
HKRSQ	Exit	HALCON RES CORP	$0	–	-632,776	–	-0.56%	–
TS	Exit	TENARIS S Asponsored adr	$0	–	-208,242	–	-0.76%	–
JAG	Exit	JAGGED PEAK ENERGY INC	$0	–	-525,705	–	-0.93%	–
PUMP	Exit	PROPETRO HLDG CORP	$0	–	-526,828	–	-0.98%	–
MRC	Exit	MRC GLOBAL INC	$0	–	-452,443	–	-1.02%	–
TSE	Exit	TRINSEO S A	$0	–	-140,471	–	-1.22%	–
FTI	Exit	TECHNIPFMC PLC	$0	–	-339,200	–	-1.22%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-358,292	–	-1.24%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-312,919	–	-1.26%	–
XOGAQ	Exit	EXTRACTION OIL AND GAS INC	$0	–	-669,796	–	-1.33%	–
QEP	Exit	QEP RES INC	$0	–	-1,257,000	–	-1.39%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-121,703	–	-1.42%	–
ECA	Exit	ENCANA CORP	$0	–	-959,438	–	-1.46%	–
TROX	Exit	TRONOX LTD	$0	–	-551,317	–	-1.50%	–
FRAC	Exit	KEANE GROUP INC	$0	–	-794,141	–	-1.71%	–
ERF	Exit	ENERPLUS CORP	$0	–	-1,488,934	–	-1.90%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-451,147	–	-1.95%	–
SRCI	Exit	SRC ENERGY INC	$0	–	-1,609,075	–	-2.01%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-105,556	–	-2.06%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-319,315	–	-2.06%	–
CC	Exit	CHEMOURS CO	$0	–	-331,030	–	-2.16%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-230,412	–	-2.29%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-164,469	–	-2.41%	–
CE	Exit	CELANESE CORP DEL	$0	–	-179,829	–	-2.42%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-545,342	–	-2.47%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-57,533	–	-2.66%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-664,800	–	-2.97%	–
HAL	Exit	HALLIBURTON CO	$0	–	-525,761	–	-3.12%	–
OKE	Exit	ONEOK INC NEW	$0	–	-451,890	–	-3.23%	–
FMC	Exit	F M C CORP	$0	–	-281,849	–	-3.25%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-1,268,348	–	-3.43%	–
PAGP	Exit	PLAINS GP HLDGS L Pltd partnr int a	$0	–	-1,226,300	–	-3.46%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-2,640,881	–	-3.83%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-1,132,640	–	-3.85%	–
WPX	Exit	WPX ENERGY INC	$0	–	-2,695,269	–	-4.00%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-554,791	–	-4.96%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-1,197,475	–	-5.67%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-1,208,354	–	-6.02%	–
ANDV	Exit	ANDEAVOR	$0	–	-500,879	–	-6.67%	–

Q3 2017

			Value		Shares		↓ Weighting
ANDV	New	ANDEAVOR	$51,666,000	–	500,879	–	6.67%	–
CLR	Buy	CONTINENTAL RESOURCES INC	$46,655,000	+59.2%	1,208,354	+33.3%	6.02%	+36.9%
DVN	Buy	DEVON ENERGY CORP NEW	$43,959,000	+58.0%	1,197,475	+37.6%	5.67%	+35.9%
DWDP	New	DOWDUPONT INC	$38,408,000	–	554,791	–	4.96%	–
WPX	Buy	WPX ENERGY INC	$30,996,000	+84.8%	2,695,269	+55.2%	4.00%	+58.9%
PE	Sell	PARSLEY ENERGY INCcl a	$29,834,000	-25.6%	1,132,640	-21.6%	3.85%	-36.0%
CPE	Sell	CALLON PETE CO DEL	$29,684,000	-17.6%	2,640,881	-22.2%	3.83%	-29.2%
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$26,819,000	–	1,226,300	–	3.46%	–
PTEN	Buy	PATTERSON UTI ENERGY INC	$26,559,000	+60.7%	1,268,348	+55.0%	3.43%	+38.3%
FMC	Buy	F M C CORP	$25,172,000	+37.8%	281,849	+12.7%	3.25%	+18.5%
OKE	Sell	ONEOK INC NEW	$25,039,000	-15.9%	451,890	-20.8%	3.23%	-27.7%
HAL	Buy	HALLIBURTON CO	$24,201,000	+73.1%	525,761	+60.6%	3.12%	+48.9%
RSPP	New	RSP PERMIAN INC	$22,995,000	–	664,800	–	2.97%	–
SHW	Buy	SHERWIN WILLIAMS CO	$20,599,000	+53.2%	57,533	+50.2%	2.66%	+31.8%
PBA	Buy	PEMBINA PIPELINE CORP	$19,135,000	+74.0%	545,342	+64.3%	2.47%	+49.7%
CE	Buy	CELANESE CORP DEL	$18,751,000	+25.6%	179,829	+14.4%	2.42%	+8.0%
XEC	Sell	CIMAREX ENERGY CO	$18,695,000	-52.1%	164,469	-60.4%	2.41%	-58.8%
VLO	New	VALERO ENERGY CORP NEW	$17,726,000	–	230,412	–	2.29%	–
CC	Buy	CHEMOURS CO	$16,753,000	+44.0%	331,030	+7.9%	2.16%	+23.9%
COP	Buy	CONOCOPHILLIPS	$15,982,000	+26.2%	319,315	+10.8%	2.06%	+8.5%
APD	Buy	AIR PRODS & CHEMS INC	$15,962,000	+62.1%	105,556	+53.3%	2.06%	+39.4%
SRCI	Buy	SRC ENERGY INC	$15,560,000	+439.9%	1,609,075	+275.8%	2.01%	+364.8%
CNQ	New	CANADIAN NAT RES LTD	$15,109,000	–	451,147	–	1.95%	–
ERF	Buy	ENERPLUS CORP	$14,690,000	+72.1%	1,488,934	+41.5%	1.90%	+48.0%
FRAC	Buy	KEANE GROUP INC	$13,246,000	+45.5%	794,141	+39.6%	1.71%	+25.2%
TROX	Buy	TRONOX LTD	$11,633,000	+146.5%	551,317	+76.6%	1.50%	+112.0%
ECA	New	ENCANA CORP	$11,302,000	–	959,438	–	1.46%	–
EMN	Sell	EASTMAN CHEM CO	$11,013,000	-29.7%	121,703	-34.7%	1.42%	-39.5%
QEP	Sell	QEP RES INC	$10,772,000	-59.7%	1,257,000	-52.5%	1.39%	-65.3%
XOGAQ	Buy	EXTRACTION OIL AND GAS INC	$10,308,000	+538.7%	669,796	+458.1%	1.33%	+449.6%
SLCA	Buy	U S SILICA HLDGS INC	$9,722,000	+237.2%	312,919	+285.2%	1.26%	+189.8%
COG	Sell	CABOT OIL & GAS CORP	$9,584,000	-14.8%	358,292	-20.1%	1.24%	-26.7%
FTI	New	TECHNIPFMC PLC	$9,470,000	–	339,200	–	1.22%	–
TSE	New	TRINSEO S A	$9,426,000	–	140,471	–	1.22%	–
MRC	Buy	MRC GLOBAL INC	$7,913,000	+92.0%	452,443	+81.3%	1.02%	+64.9%
PUMP	New	PROPETRO HLDG CORP	$7,560,000	–	526,828	–	0.98%	–
JAG	Buy	JAGGED PEAK ENERGY INC	$7,181,000	+132.0%	525,705	+126.8%	0.93%	+99.8%
TS	Sell	TENARIS S Asponsored adr	$5,895,000	-67.9%	208,242	-64.7%	0.76%	-72.4%
HKRSQ	New	HALCON RES CORP	$4,303,000	–	632,776	–	0.56%	–
RES	Sell	RPC INC	$3,458,000	-69.3%	139,500	-75.0%	0.45%	-73.6%
OLN	Sell	OLIN CORP	$3,217,000	-47.8%	93,923	-53.9%	0.42%	-55.1%
PBF	New	PBF ENERGY INCcl a	$3,062,000	–	110,900	–	0.40%	–
REN	Buy	RESOLUTE ENERGY CORP	$2,988,000	+100.0%	100,625	+100.4%	0.39%	+72.3%
BASX	New	BASIC ENERGY SVCS INC NEW	$2,644,000	–	137,000	–	0.34%	–
NBL	Sell	NOBLE ENERGY INC	$2,180,000	-86.5%	76,854	-86.6%	0.28%	-88.4%
FET	New	FORUM ENERGY TECHNOLOGIES IN	$2,084,000	–	131,100	–	0.27%	–
WTTR	New	SELECT ENERGY SVCS INC	$1,571,000	–	98,673	–	0.20%	–
TRP	Sell	TRANSCANADA CORP	$1,341,000	-87.8%	27,138	-88.2%	0.17%	-89.5%
ESTE	Sell	EARTHSTONE ENERGY INCcl a	$823,000	-19.5%	74,887	-26.7%	0.11%	-30.7%
CJ	Sell	C&J ENERGY SVCS INC NEW	$796,000	-57.2%	26,547	-51.1%	0.10%	-63.1%
TUSK	New	MAMMOTH ENERGY SVCS INC	$366,000	–	21,699	–	0.05%	–
ICD	Exit	INDEPENDENCE CONTRACT DRIL I	$0	–	-213,157	–	-0.12%	–
KOS	Exit	KOSMOS ENERGY LTD	$0	–	-169,176	–	-0.16%	–
LPI	Exit	LAREDO PETROLEUM INC	$0	–	-346,972	–	-0.55%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-187,500	–	-0.64%	–
BMS	Exit	BEMIS INC	$0	–	-105,738	–	-0.73%	–
ENB	Exit	ENBRIDGE INC	$0	–	-129,200	–	-0.77%	–
POL	Exit	POLYONE CORP	$0	–	-152,338	–	-0.89%	–
NGVT	Exit	INGEVITY CORP	$0	–	-106,333	–	-0.92%	–
TSO	Exit	TESORO CORP	$0	–	-112,930	–	-1.59%	–
MUSA	Exit	MURPHY USA INC	$0	–	-184,844	–	-2.06%	–
DOW	Exit	DOW CHEM CO	$0	–	-304,677	–	-2.88%	–
RICE	Exit	RICE ENERGY INC	$0	–	-780,530	–	-3.12%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-760,478	–	-3.33%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-221,037	–	-3.36%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-933,219	–	-3.99%	–

Q2 2017

			Value		Shares		↓ Weighting
PE	New	PARSLEY ENERGY INCcl a	$40,100,000	–	1,445,045	–	6.02%	–
XEC	New	CIMAREX ENERGY CO	$39,063,000	–	415,521	–	5.86%	–
CPE	New	CALLON PETE CO DEL	$36,034,000	–	3,396,218	–	5.41%	–
OKE	New	ONEOK INC NEW	$29,771,000	–	570,770	–	4.47%	–
CLR	New	CONTINENTAL RESOURCES INC	$29,301,000	–	906,302	–	4.40%	–
DVN	New	DEVON ENERGY CORP NEW	$27,817,000	–	870,105	–	4.17%	–
QEP	New	QEP RES INC	$26,726,000	–	2,646,158	–	4.01%	–
NFX	New	NEWFIELD EXPL CO	$26,559,000	–	933,219	–	3.99%	–
CLB	New	CORE LABORATORIES N V	$22,384,000	–	221,037	–	3.36%	–
SU	New	SUNCOR ENERGY INC NEW	$22,206,000	–	760,478	–	3.33%	–
RICE	New	RICE ENERGY INC	$20,786,000	–	780,530	–	3.12%	–
DOW	New	DOW CHEM CO	$19,216,000	–	304,677	–	2.88%	–
TS	New	TENARIS S Asponsored adr	$18,351,000	–	589,303	–	2.75%	–
FMC	New	F M C CORP	$18,273,000	–	250,149	–	2.74%	–
WPX	New	WPX ENERGY INC	$16,775,000	–	1,736,569	–	2.52%	–
PTEN	New	PATTERSON UTI ENERGY INC	$16,522,000	–	818,347	–	2.48%	–
NBL	New	NOBLE ENERGY INC	$16,195,000	–	572,270	–	2.43%	–
EMN	New	EASTMAN CHEM CO	$15,656,000	–	186,403	–	2.35%	–
CE	New	CELANESE CORP DEL	$14,924,000	–	157,197	–	2.24%	–
HAL	New	HALLIBURTON CO	$13,982,000	–	327,375	–	2.10%	–
MUSA	New	MURPHY USA INC	$13,699,000	–	184,844	–	2.06%	–
SHW	New	SHERWIN WILLIAMS CO	$13,442,000	–	38,300	–	2.02%	–
COP	New	CONOCOPHILLIPS	$12,667,000	–	288,137	–	1.90%	–
CC	New	CHEMOURS CO	$11,630,000	–	306,705	–	1.74%	–
RES	New	RPC INC	$11,255,000	–	556,916	–	1.69%	–
COG	New	CABOT OIL & GAS CORP	$11,247,000	–	448,446	–	1.69%	–
PBA	New	PEMBINA PIPELINE CORP	$10,994,000	–	331,942	–	1.65%	–
TRP	New	TRANSCANADA CORP	$10,994,000	–	230,635	–	1.65%	–
TSO	New	TESORO CORP	$10,570,000	–	112,930	–	1.59%	–
APD	New	AIR PRODS & CHEMS INC	$9,850,000	–	68,850	–	1.48%	–
FRAC	New	KEANE GROUP INC	$9,105,000	–	569,044	–	1.37%	–
ERF	New	ENERPLUS CORP	$8,535,000	–	1,052,034	–	1.28%	–
OLN	New	OLIN CORP	$6,163,000	–	203,523	–	0.92%	–
NGVT	New	INGEVITY CORP	$6,104,000	–	106,333	–	0.92%	–
POL	New	POLYONE CORP	$5,902,000	–	152,338	–	0.89%	–
ENB	New	ENBRIDGE INC	$5,143,000	–	129,200	–	0.77%	–
BMS	New	BEMIS INC	$4,890,000	–	105,738	–	0.73%	–
TROX	New	TRONOX LTD	$4,720,000	–	312,162	–	0.71%	–
OII	New	OCEANEERING INTL INC	$4,283,000	–	187,500	–	0.64%	–
MRC	New	MRC GLOBAL INC	$4,122,000	–	249,500	–	0.62%	–
LPI	New	LAREDO PETROLEUM INC	$3,650,000	–	346,972	–	0.55%	–
JAG	New	JAGGED PEAK ENERGY INC	$3,095,000	–	231,839	–	0.46%	–
SLCA	New	U S SILICA HLDGS INC	$2,883,000	–	81,244	–	0.43%	–
SRCI	New	SRC ENERGY INC	$2,882,000	–	428,204	–	0.43%	–
CJ	New	C&J ENERGY SVCS INC NEW	$1,859,000	–	54,237	–	0.28%	–
XOGAQ	New	EXTRACTION OIL AND GAS INC	$1,614,000	–	120,022	–	0.24%	–
REN	New	RESOLUTE ENERGY CORP	$1,494,000	–	50,200	–	0.22%	–
KOS	New	KOSMOS ENERGY LTD	$1,084,000	–	169,176	–	0.16%	–
ESTE	New	EARTHSTONE ENERGY INCcl a	$1,022,000	–	102,100	–	0.15%	–
ICD	New	INDEPENDENCE CONTRACT DRIL I	$829,000	–	213,157	–	0.12%	–

Q4 2016

			Value		Shares		↓ Weighting
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-12,550	–	-0.05%	–
TSE	Exit	TRINSEO S A	$0	–	-7,736	–	-0.06%	–
ICD	Exit	INDEPENDENCE CONTRACT DRIL I	$0	–	-93,500	–	-0.06%	–
SRAQU	Exit	SILVER RUN ACQUISITION CORPunit 99/99/9999t	$0	–	-43,872	–	-0.10%	–
UNVR	Exit	UNIVAR INC	$0	–	-36,850	–	-0.11%	–
TS	Exit	TENARIS S Asponsored adr	$0	–	-44,505	–	-0.17%	–
SRAQ	Exit	SILVER RUN ACQUISITION CORPcl a	$0	–	-80,228	–	-0.17%	–
NGVT	Exit	INGEVITY CORP	$0	–	-32,800	–	-0.20%	–
TGE	Exit	TALLGRASS ENERGY GP LP	$0	–	-67,200	–	-0.21%	–
KRA	Exit	KRATON CORPORATION	$0	–	-49,841	–	-0.23%	–
PDS	Exit	PRECISION DRILLING CORP	$0	–	-432,700	–	-0.24%	–
FMSA	Exit	FAIRMOUNT SANTROL HLDGS INC	$0	–	-299,230	–	-0.33%	–
BERY	Exit	BERRY PLASTICS GROUP INC	$0	–	-64,915	–	-0.37%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-55,454	–	-0.49%	–
PAGP	Exit	PLAINS GP HLDGS L P	$0	–	-320,800	–	-0.54%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-18,654	–	-0.68%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-147,900	–	-0.79%	–
OIS	Exit	OIL STS INTL INC	$0	–	-198,700	–	-0.82%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-91,958	–	-0.89%	–
FMC	Exit	F M C CORP	$0	–	-157,137	–	-1.00%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-349,400	–	-1.06%	–
MON	Exit	MONSANTO CO NEW	$0	–	-79,630	–	-1.07%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-311,490	–	-1.08%	–
RICE	Exit	RICE ENERGY INC	$0	–	-334,200	–	-1.14%	–
ERF	Exit	ENERPLUS RES FD	$0	–	-1,400,028	–	-1.18%	–
ESV	Exit	ENSCO PLC	$0	–	-1,171,668	–	-1.31%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-196,703	–	-1.34%	–
TRGP	Exit	TARGA RES CORP	$0	–	-209,427	–	-1.35%	–
TSO	Exit	TESORO CORP	$0	–	-134,200	–	-1.40%	–
RES	Exit	RPC INC	$0	–	-636,135	–	-1.40%	–
BBG	Exit	BARRETT BILL CORP	$0	–	-2,002,035	–	-1.46%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-632,200	–	-1.46%	–
HAL	Exit	HALLIBURTON CO	$0	–	-250,115	–	-1.47%	–
HES	Exit	HESS CORP	$0	–	-212,645	–	-1.50%	–
CE	Exit	CELANESE CORP DEL	$0	–	-177,904	–	-1.55%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-298,000	–	-1.59%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-953,317	–	-1.73%	–
AR	Exit	ANTERO RES CORP	$0	–	-542,217	–	-1.92%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-221,149	–	-2.34%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-2,181,347	–	-2.50%	–
DOW	Exit	DOW CHEM CO	$0	–	-374,460	–	-2.54%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-411,187	–	-2.72%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-802,743	–	-2.92%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-472,362	–	-2.94%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-1,596,345	–	-3.29%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-2,133,014	–	-3.40%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-804,584	–	-3.54%	–
EGN	Exit	ENERGEN CORP	$0	–	-472,230	–	-3.57%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-615,513	–	-3.76%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-180,305	–	-4.39%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-1,100,872	–	-4.44%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-258,700	–	-4.56%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-834,200	–	-4.75%	–
QEP	Exit	QEP RES INC	$0	–	-1,968,991	–	-5.04%	–
SM	Exit	SM ENERGY CO	$0	–	-1,062,121	–	-5.37%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-653,996	–	-5.43%	–

Q3 2016

			Value		Shares		↓ Weighting
APC	New	ANADARKO PETE CORP	$41,437,000	–	653,996	–	5.43%	–
SM	Buy	SM ENERGY CO	$40,977,000	+248.4%	1,062,121	+143.8%	5.37%	+206.3%
QEP	Buy	QEP RES INC	$38,454,000	+35.1%	1,968,991	+22.0%	5.04%	+18.8%
COP	Sell	CONOCOPHILLIPS	$36,263,000	-23.7%	834,200	-23.5%	4.75%	-32.9%
XEC	Sell	CIMAREX ENERGY CO	$34,762,000	+5.7%	258,700	-6.1%	4.56%	-7.1%
WMB	New	WILLIAMS COS INC DEL	$33,830,000	–	1,100,872	–	4.44%	–
PXD	New	PIONEER NAT RES CO	$33,474,000	–	180,305	–	4.39%	–
SLCA	Buy	U S SILICA HLDGS INC	$28,658,000	+42.6%	615,513	+5.6%	3.76%	+25.4%
EGN	Buy	ENERGEN CORP	$27,257,000	+40.0%	472,230	+16.9%	3.57%	+23.0%
PE	Sell	PARSLEY ENERGY INCcl a	$26,962,000	-32.4%	804,584	-45.4%	3.54%	-40.5%
NBR	Sell	NABORS INDUSTRIES LTD	$25,937,000	-16.4%	2,133,014	-30.9%	3.40%	-26.5%
CPE	Buy	CALLON PETE CO DEL	$25,063,000	+62.1%	1,596,345	+16.0%	3.29%	+42.6%
TRP	Buy	TRANSCANADA CORP	$22,466,000	+208.6%	472,362	+193.4%	2.94%	+171.2%
SU	New	SUNCOR ENERGY INC NEW	$22,300,000	–	802,743	–	2.92%	–
BHI	Sell	BAKER HUGHES INC	$20,753,000	+1.5%	411,187	-9.3%	2.72%	-10.8%
DOW	Buy	DOW CHEM CO	$19,408,000	+190.8%	374,460	+178.9%	2.54%	+155.7%
WLL	Buy	WHITING PETE CORP NEW	$19,065,000	+128.9%	2,181,347	+142.5%	2.50%	+101.3%
LYB	Buy	LYONDELLBASELL INDUSTRIES N	$17,838,000	+162.0%	221,149	+141.7%	2.34%	+130.4%
AR	New	ANTERO RES CORP	$14,613,000	–	542,217	–	1.92%	–
SWN	Sell	SOUTHWESTERN ENERGY CO	$13,194,000	-24.5%	953,317	-31.3%	1.73%	-33.6%
CRZO	Buy	CARRIZO OIL & GAS INC	$12,105,000	+1102.1%	298,000	+960.5%	1.59%	+958.0%
CE	Sell	CELANESE CORP DEL	$11,841,000	-0.3%	177,904	-2.0%	1.55%	-12.4%
HES	Sell	HESS CORP	$11,402,000	-53.3%	212,645	-47.6%	1.50%	-58.9%
HAL	Buy	HALLIBURTON CO	$11,225,000	-0.1%	250,115	+0.8%	1.47%	-12.2%
DOFSQ	New	DIAMOND OFFSHORE DRILLING IN	$11,133,000	–	632,200	–	1.46%	–
BBG	Buy	BARRETT BILL CORP	$11,131,000	+73.4%	2,002,035	+99.3%	1.46%	+52.5%
RES	New	RPC INC	$10,687,000	–	636,135	–	1.40%	–
TSO	New	TESORO CORP	$10,677,000	–	134,200	–	1.40%	–
TRGP	Buy	TARGA RES CORP	$10,285,000	+102.7%	209,427	+74.0%	1.35%	+78.1%
CLR	Sell	CONTINENTAL RESOURCES INC	$10,221,000	-44.5%	196,703	-51.6%	1.34%	-51.2%
ESV	Buy	ENSCO PLC	$9,959,000	+12.8%	1,171,668	+28.8%	1.31%	-0.8%
ERF	Buy	ENERPLUS RES FD	$8,984,000	+59.7%	1,400,028	+63.9%	1.18%	+40.4%
RICE	Buy	RICE ENERGY INC	$8,726,000	+96.6%	334,200	+65.9%	1.14%	+72.8%
WNR	New	WESTERN REFNG INC	$8,242,000	–	311,490	–	1.08%	–
MON	Buy	MONSANTO CO NEW	$8,138,000	+27.6%	79,630	+29.1%	1.07%	+12.1%
KMI	New	KINDER MORGAN INC DEL	$8,082,000	–	349,400	–	1.06%	–
FMC	New	F M C CORP	$7,596,000	–	157,137	–	1.00%	–
GRA	New	GRACE W R & CO DEL NEW	$6,787,000	–	91,958	–	0.89%	–
OIS	Sell	OIL STS INTL INC	$6,273,000	-15.2%	198,700	-11.6%	0.82%	-25.5%
MPC	Sell	MARATHON PETE CORP	$6,003,000	-26.4%	147,900	-31.2%	0.79%	-35.3%
SHW	Sell	SHERWIN WILLIAMS CO	$5,161,000	-46.8%	18,654	-43.6%	0.68%	-53.2%
PAGP	New	PLAINS GP HLDGS L P	$4,151,000	–	320,800	–	0.54%	–
EMN	Sell	EASTMAN CHEM CO	$3,753,000	-63.0%	55,454	-62.9%	0.49%	-67.5%
BERY	Sell	BERRY PLASTICS GROUP INC	$2,847,000	-82.6%	64,915	-84.6%	0.37%	-84.7%
FMSA	Buy	FAIRMOUNT SANTROL HLDGS INC	$2,537,000	+87.6%	299,230	+70.7%	0.33%	+64.9%
PDS	New	PRECISION DRILLING CORP	$1,809,000	–	432,700	–	0.24%	–
KRA	Sell	KRATON CORPORATION	$1,746,000	-13.4%	49,841	-31.0%	0.23%	-23.9%
TGE	New	TALLGRASS ENERGY GP LP	$1,616,000	–	67,200	–	0.21%	–
NGVT	New	INGEVITY CORP	$1,512,000	–	32,800	–	0.20%	–
TS	Sell	TENARIS S Asponsored adr	$1,264,000	-51.1%	44,505	-50.4%	0.17%	-57.0%
SRAQ	New	SILVER RUN ACQUISITION CORPcl a	$1,264,000	–	80,228	–	0.17%	–
UNVR	New	UNIVAR INC	$805,000	–	36,850	–	0.11%	–
SRAQU	New	SILVER RUN ACQUISITION CORPunit 99/99/9999t	$790,000	–	43,872	–	0.10%	–
ICD	New	INDEPENDENCE CONTRACT DRIL I	$491,000	–	93,500	–	0.06%	–
TSE	Sell	TRINSEO S A	$438,000	-96.2%	7,736	-97.2%	0.06%	-96.7%
GPORQ	Sell	GULFPORT ENERGY CORP	$355,000	-98.6%	12,550	-98.4%	0.05%	-98.8%
NEBLQ	Exit	NOBLE CORP PLC	$0	–	-28,881	–	-0.04%	–
PWE	Exit	PENN WEST PETE LTD	$0	–	-811,700	–	-0.17%	–
ECR	Exit	ECLIPSE RES CORP	$0	–	-400,000	–	-0.20%	–
GCP	Exit	GCP APPLIED TECHNOLOGIES INC	$0	–	-113,102	–	-0.44%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-132,400	–	-0.60%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-204,457	–	-0.72%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-880,341	–	-0.73%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-268,800	–	-1.03%	–
E	Exit	ENI S P Asponsored adr	$0	–	-220,400	–	-1.06%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-98,799	–	-1.17%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-167,100	–	-1.27%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-229,004	–	-1.57%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-1,345,600	–	-1.87%	–
SPNV	Exit	SUPERIOR ENERGY SVCS INC	$0	–	-684,142	–	-1.88%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-589,612	–	-3.07%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-625,540	–	-3.38%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-676,101	–	-4.46%	–

Q2 2016

			Value		Shares		↓ Weighting
COP	New	CONOCOPHILLIPS	$47,520,000	–	1,089,900	–	7.09%	–
PE	New	PARSLEY ENERGY INCcl a	$39,867,000	–	1,473,284	–	5.95%	–
XEC	New	CIMAREX ENERGY CO	$32,885,000	–	275,600	–	4.90%	–
NBR	New	NABORS INDUSTRIES LTD	$31,025,000	–	3,087,067	–	4.63%	–
NFX	New	NEWFIELD EXPL CO	$29,870,000	–	676,101	–	4.46%	–
QEP	New	QEP RES INC	$28,463,000	–	1,614,480	–	4.24%	–
GPORQ	New	GULFPORT ENERGY CORP	$25,209,000	–	806,419	–	3.76%	–
HES	New	HESS CORP	$24,396,000	–	405,926	–	3.64%	–
DVN	New	DEVON ENERGY CORP NEW	$22,676,000	–	625,540	–	3.38%	–
RSPP	New	RSP PERMIAN INC	$20,572,000	–	589,612	–	3.07%	–
BHI	New	BAKER HUGHES INC	$20,455,000	–	453,257	–	3.05%	–
SLCA	New	U S SILICA HLDGS INC	$20,096,000	–	583,013	–	3.00%	–
EGN	New	ENERGEN CORP	$19,476,000	–	403,991	–	2.90%	–
CLR	New	CONTINENTAL RESOURCES INC	$18,414,000	–	406,752	–	2.75%	–
SWN	New	SOUTHWESTERN ENERGY CO	$17,465,000	–	1,388,283	–	2.60%	–
BERY	New	BERRY PLASTICS GROUP INC	$16,388,000	–	421,835	–	2.44%	–
CPE	New	CALLON PETE CO DEL	$15,457,000	–	1,376,370	–	2.30%	–
SPNV	New	SUPERIOR ENERGY SVCS INC	$12,595,000	–	684,142	–	1.88%	–
OASPQ	New	OASIS PETE INC NEW	$12,568,000	–	1,345,600	–	1.87%	–
CE	New	CELANESE CORP DEL	$11,879,000	–	181,500	–	1.77%	–
SM	New	SM ENERGY CO	$11,760,000	–	435,569	–	1.75%	–
TSE	New	TRINSEO S A	$11,660,000	–	271,612	–	1.74%	–
HAL	New	HALLIBURTON CO	$11,241,000	–	248,204	–	1.68%	–
SEE	New	SEALED AIR CORP NEW	$10,527,000	–	229,004	–	1.57%	–
EMN	New	EASTMAN CHEM CO	$10,137,000	–	149,300	–	1.51%	–
SHW	New	SHERWIN WILLIAMS CO	$9,710,000	–	33,065	–	1.45%	–
ESV	New	ENSCO PLC	$8,832,000	–	909,568	–	1.32%	–
VLO	New	VALERO ENERGY CORP NEW	$8,522,000	–	167,100	–	1.27%	–
WLL	New	WHITING PETE CORP NEW	$8,329,000	–	899,461	–	1.24%	–
MPC	New	MARATHON PETE CORP	$8,161,000	–	215,000	–	1.22%	–
ALB	New	ALBEMARLE CORP	$7,836,000	–	98,799	–	1.17%	–
OIS	New	OIL STS INTL INC	$7,395,000	–	224,898	–	1.10%	–
TRP	New	TRANSCANADA CORP	$7,280,000	–	161,000	–	1.09%	–
E	New	ENI S P Asponsored adr	$7,130,000	–	220,400	–	1.06%	–
COG	New	CABOT OIL & GAS CORP	$6,919,000	–	268,800	–	1.03%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$6,809,000	–	91,500	–	1.02%	–
DOW	New	DOW CHEM CO	$6,673,000	–	134,242	–	1.00%	–
BBG	New	BARRETT BILL CORP	$6,420,000	–	1,004,751	–	0.96%	–
MON	New	MONSANTO CO NEW	$6,380,000	–	61,700	–	0.95%	–
ERF	New	ENERPLUS RES FD	$5,627,000	–	854,328	–	0.84%	–
TRGP	New	TARGA RES CORP	$5,073,000	–	120,387	–	0.76%	–
WFTIQ	New	WEATHERFORD INTL PLC	$4,886,000	–	880,341	–	0.73%	–
HFC	New	HOLLYFRONTIER CORP	$4,860,000	–	204,457	–	0.72%	–
RICE	New	RICE ENERGY INC	$4,439,000	–	201,413	–	0.66%	–
PBA	New	PEMBINA PIPELINE CORP	$4,023,000	–	132,400	–	0.60%	–
GCP	New	GCP APPLIED TECHNOLOGIES INC	$2,945,000	–	113,102	–	0.44%	–
TS	New	TENARIS S Asponsored adr	$2,587,000	–	89,690	–	0.39%	–
KRA	New	KRATON PERFORMANCE POLYMERS	$2,017,000	–	72,231	–	0.30%	–
FMSA	New	FAIRMOUNT SANTROL HLDGS INC	$1,352,000	–	175,330	–	0.20%	–
ECR	New	ECLIPSE RES CORP	$1,336,000	–	400,000	–	0.20%	–
PWE	New	PENN WEST PETE LTD	$1,131,000	–	811,700	–	0.17%	–
CRZO	New	CARRIZO OIL & GAS INC	$1,007,000	–	28,100	–	0.15%	–
NEBLQ	New	NOBLE CORP PLC	$238,000	–	28,881	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-40,900	–	-0.23%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-208,500	–	-0.24%	–
CBT	Exit	CABOT CORP	$0	–	-73,100	–	-0.28%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-38,500	–	-0.30%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-135,900	–	-0.44%	–
TS	Exit	TENARIS S Asponsored adr	$0	–	-170,000	–	-0.50%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-93,000	–	-0.50%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-42,000	–	-0.65%	–
TSE	Exit	TRINSEO S A	$0	–	-213,400	–	-0.65%	–
SYRG	Exit	SYNERGY RES CORP	$0	–	-561,700	–	-0.66%	–
EXC	Exit	EXELON CORP	$0	–	-197,300	–	-0.71%	–
GRA	Exit	GRACE W R & CO DEL NEW	$0	–	-68,500	–	-0.77%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-142,100	–	-0.89%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-251,973	–	-0.96%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-182,000	–	-1.03%	–
DK	Exit	DELEK US HLDGS INC	$0	–	-316,900	–	-1.06%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-210,700	–	-1.12%	–
PPG	Exit	PPG INDS INC	$0	–	-107,900	–	-1.14%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-42,900	–	-1.15%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-151,900	–	-1.26%	–
BERY	Exit	BERRY PLASTICS GROUP INC	$0	–	-391,900	–	-1.42%	–
DOW	Exit	DOW CHEM CO	$0	–	-279,400	–	-1.43%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-1,060,390	–	-1.46%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-371,587	–	-1.48%	–
SCG	Exit	SCANA CORP NEW	$0	–	-226,785	–	-1.54%	–
CXO	Exit	CONCHO RES INC	$0	–	-132,800	–	-1.58%	–
CE	Exit	CELANESE CORP DEL	$0	–	-224,700	–	-1.60%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-205,900	–	-1.61%	–
EPEGQ	Exit	EP ENERGY CORPcl a	$0	–	-2,698,400	–	-1.68%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-975,700	–	-1.72%	–
AEE	Exit	AMEREN CORP	$0	–	-367,415	–	-1.88%	–
BP	Exit	BP PLCsponsored adr	$0	–	-518,200	–	-1.91%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-539,100	–	-1.93%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-134,100	–	-1.97%	–
EXH	Exit	EXTERRAN HLDGS INC	$0	–	-931,400	–	-2.02%	–
EQT	Exit	EQT CORP	$0	–	-277,490	–	-2.17%	–
RICE	Exit	RICE ENERGY INC	$0	–	-1,145,900	–	-2.24%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-1,209,135	–	-2.25%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-980,400	–	-2.40%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-410,600	–	-2.42%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-386,200	–	-2.47%	–
MRD	Exit	MEMORIAL RESOURCE DEV CORP	$0	–	-1,188,000	–	-2.52%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-801,500	–	-2.80%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-775,500	–	-2.82%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-1,540,900	–	-2.84%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-2,837,000	–	-2.90%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-1,691,912	–	-3.08%	–
HES	Exit	HESS CORP	$0	–	-528,595	–	-3.19%	–
ENB	Exit	ENBRIDGE INC	$0	–	-725,749	–	-3.25%	–
HAL	Exit	HALLIBURTON CO	$0	–	-767,400	–	-3.28%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-277,900	–	-3.44%	–
PCG	Exit	PG&E CORP	$0	–	-561,510	–	-3.58%	–
SM	Exit	SM ENERGY CO	$0	–	-988,300	–	-3.82%	–
ECA	Exit	ENCANA CORP	$0	–	-5,067,850	–	-3.94%	–
EOG	Exit	EOG RES INC	$0	–	-547,500	–	-4.81%	–

Q3 2015

			Value		Shares		↓ Weighting
EOG	Buy	EOG RES INC	$39,858,000	+104.9%	547,500	+146.4%	4.81%	+108.1%
ECA	Buy	ENCANA CORP	$32,635,000	+4.6%	5,067,850	+79.0%	3.94%	+6.2%
SM	New	SM ENERGY CO	$31,665,000	–	988,300	–	3.82%	–
PCG	Buy	PG&E CORP	$29,648,000	+403.6%	561,510	+368.3%	3.58%	+411.3%
XEC	Buy	CIMAREX ENERGY CO	$28,479,000	+131.7%	277,900	+149.5%	3.44%	+135.5%
HAL	Buy	HALLIBURTON CO	$27,128,000	+90.6%	767,400	+132.2%	3.28%	+93.6%
ENB	Buy	ENBRIDGE INC	$26,947,000	-12.4%	725,749	+10.4%	3.25%	-11.0%
HES	Sell	HESS CORP	$26,461,000	-42.9%	528,595	-23.7%	3.19%	-42.0%
PE	Buy	PARSLEY ENERGY INCcl a	$25,497,000	+34.4%	1,691,912	+55.4%	3.08%	+36.6%
WFTIQ	New	WEATHERFORD INTL PLC	$24,058,000	–	2,837,000	–	2.90%	–
WLL	Buy	WHITING PETE CORP NEW	$23,530,000	-31.8%	1,540,900	+50.1%	2.84%	-30.7%
NBL	New	NOBLE ENERGY INC	$23,405,000	–	775,500	–	2.82%	–
CLR	New	CONTINENTAL RESOURCES INC	$23,219,000	–	801,500	–	2.80%	–
MRD	Buy	MEMORIAL RESOURCE DEV CORP	$20,885,000	+2020.3%	1,188,000	+2189.0%	2.52%	+2054.7%
PDCE	Buy	PDC ENERGY INC	$20,472,000	+43.7%	386,200	+45.4%	2.47%	+46.0%
HFC	Buy	HOLLYFRONTIER CORP	$20,054,000	+32.0%	410,600	+15.4%	2.42%	+34.1%
RSPP	Buy	RSP PERMIAN INC	$19,853,000	+45.5%	980,400	+102.0%	2.40%	+47.8%
MRO	Sell	MARATHON OIL CORP	$18,621,000	-61.6%	1,209,135	-33.9%	2.25%	-61.0%
RICE	Buy	RICE ENERGY INC	$18,518,000	+88.3%	1,145,900	+142.7%	2.24%	+91.2%
EQT	Sell	EQT CORP	$17,973,000	-30.6%	277,490	-12.9%	2.17%	-29.6%
EXH	Buy	EXTERRAN HLDGS INC	$16,765,000	+20.0%	931,400	+117.6%	2.02%	+21.9%
PXD	New	PIONEER NAT RES CO	$16,312,000	–	134,100	–	1.97%	–
GPORQ	Buy	GULFPORT ENERGY CORP	$16,000,000	-2.6%	539,100	+32.1%	1.93%	-1.1%
BP	Buy	BP PLCsponsored adr	$15,836,000	+843.7%	518,200	+1133.8%	1.91%	+860.8%
AEE	New	AMEREN CORP	$15,531,000	–	367,415	–	1.88%	–
STO	Buy	STATOIL ASAsponsored adr	$14,206,000	+256.7%	975,700	+338.5%	1.72%	+262.6%
EPEGQ	Buy	EP ENERGY CORPcl a	$13,897,000	+52.7%	2,698,400	+277.3%	1.68%	+55.0%
EMN	Buy	EASTMAN CHEM CO	$13,326,000	+73.3%	205,900	+119.0%	1.61%	+76.0%
CE	Buy	CELANESE CORP DEL	$13,295,000	+181.1%	224,700	+241.5%	1.60%	+185.6%
CXO	Sell	CONCHO RES INC	$13,054,000	-33.8%	132,800	-23.4%	1.58%	-32.8%
SCG	Buy	SCANA CORP NEW	$12,759,000	+79.0%	226,785	+61.2%	1.54%	+81.8%
NFX	Sell	NEWFIELD EXPL CO	$12,225,000	-73.2%	371,587	-70.5%	1.48%	-72.7%
CPG	New	CRESCENT PT ENERGY CORP	$12,134,000	–	1,060,390	–	1.46%	–
DOW	Sell	DOW CHEM CO	$11,847,000	-19.3%	279,400	-2.6%	1.43%	-18.1%
BERY	Buy	BERRY PLASTICS GROUP INC	$11,784,000	+16.1%	391,900	+25.1%	1.42%	+17.9%
SLB	Sell	SCHLUMBERGER LTD	$10,477,000	-70.0%	151,900	-62.5%	1.26%	-69.5%
SHW	New	SHERWIN WILLIAMS CO	$9,557,000	–	42,900	–	1.15%	–
PPG	New	PPG INDS INC	$9,462,000	–	107,900	–	1.14%	–
WNR	New	WESTERN REFNG INC	$9,296,000	–	210,700	–	1.12%	–
DK	Buy	DELEK US HLDGS INC	$8,778,000	-13.8%	316,900	+14.6%	1.06%	-12.4%
SEE	New	SEALED AIR CORP NEW	$8,532,000	–	182,000	–	1.03%	–
TRP	Sell	TRANSCANADA CORP	$7,957,000	-66.5%	251,973	-57.0%	0.96%	-66.0%
BHI	Buy	BAKER HUGHES INC	$7,395,000	+195.9%	142,100	+250.9%	0.89%	+200.7%
GRA	Sell	GRACE W R & CO DEL NEW	$6,374,000	-30.2%	68,500	-24.7%	0.77%	-29.1%
EXC	Buy	EXELON CORP	$5,860,000	+39.1%	197,300	+47.1%	0.71%	+41.1%
SYRG	Buy	SYNERGY RES CORP	$5,505,000	+123.6%	561,700	+160.8%	0.66%	+127.0%
TSE	New	TRINSEO S A	$5,388,000	–	213,400	–	0.65%	–
APD	Sell	AIR PRODS & CHEMS INC	$5,358,000	-57.4%	42,000	-54.3%	0.65%	-56.8%
ALB	Sell	ALBEMARLE CORP	$4,101,000	-44.6%	93,000	-30.6%	0.50%	-43.8%
TS	New	TENARIS S Asponsored adr	$4,099,000	–	170,000	–	0.50%	–
GXP	Sell	GREAT PLAINS ENERGY INC	$3,672,000	-32.4%	135,900	-39.5%	0.44%	-31.3%
FANG	Sell	DIAMONDBACK ENERGY INC	$2,487,000	-71.4%	38,500	-66.6%	0.30%	-71.0%
CBT	New	CABOT CORP	$2,307,000	–	73,100	–	0.28%	–
HUN	New	HUNTSMAN CORP	$2,020,000	–	208,500	–	0.24%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,938,000	–	40,900	–	0.23%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-14,941	–	-0.12%	–
FOE	Exit	FERRO CORP	$0	–	-71,500	–	-0.14%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-37,600	–	-0.15%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-15,300	–	-0.18%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-79,100	–	-0.26%	–
CIE	Exit	COBALT INTL ENERGY INC	$0	–	-253,250	–	-0.29%	–
OLN	Exit	OLIN CORP	$0	–	-141,200	–	-0.45%	–
AXTA	Exit	AXALTA COATING SYS LTD	$0	–	-131,500	–	-0.52%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-149,000	–	-0.55%	–
BTEGF	Exit	BAYTEX ENERGY CORP	$0	–	-301,000	–	-0.56%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-75,200	–	-0.56%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-94,600	–	-0.59%	–
RPM	Exit	RPM INTL INC	$0	–	-113,900	–	-0.66%	–
EIX	Exit	EDISON INTL	$0	–	-105,900	–	-0.70%	–
POL	Exit	POLYONE CORP	$0	–	-182,500	–	-0.85%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-507,700	–	-0.87%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-269,100	–	-0.88%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-149,200	–	-1.02%	–
E	Exit	ENI S P Asponsored adr	$0	–	-268,000	–	-1.13%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-106,500	–	-1.31%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-235,838	–	-1.48%	–
EGN	Exit	ENERGEN CORP	$0	–	-191,800	–	-1.56%	–
FTI	Exit	FMC TECHNOLOGIES INC	$0	–	-423,700	–	-2.09%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-222,700	–	-2.10%	–
DTE	Exit	DTE ENERGY CO	$0	–	-294,717	–	-2.61%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-532,800	–	-4.92%	–

Q2 2015

			Value		Shares		↓ Weighting
MRO	New	MARATHON OIL CORP	$48,531,000	–	1,828,600	–	5.77%	–
HES	New	HESS CORP	$46,314,000	–	692,500	–	5.50%	–
NFX	New	NEWFIELD EXPL CO	$45,536,000	–	1,260,687	–	5.41%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$41,436,000	–	532,800	–	4.92%	–
SLB	New	SCHLUMBERGER LTD	$34,941,000	–	405,400	–	4.15%	–
WLL	New	WHITING PETE CORP NEW	$34,494,000	–	1,026,600	–	4.10%	–
ECA	New	ENCANA CORP	$31,201,000	–	2,831,050	–	3.71%	–
ENB	New	ENBRIDGE INC	$30,764,000	–	657,500	–	3.66%	–
EQT	New	EQT CORP	$25,914,000	–	318,590	–	3.08%	–
TRP	New	TRANSCANADA CORP	$23,781,000	–	585,450	–	2.83%	–
DTE	New	DTE ENERGY CO	$21,998,000	–	294,717	–	2.61%	–
CXO	New	CONCHO RES INC	$19,732,000	–	173,300	–	2.34%	–
EOG	New	EOG RES INC	$19,454,000	–	222,200	–	2.31%	–
PE	New	PARSLEY ENERGY INCcl a	$18,964,000	–	1,088,612	–	2.25%	–
SEMG	New	SEMGROUP CORPcl a	$17,700,000	–	222,700	–	2.10%	–
FTI	New	FMC TECHNOLOGIES INC	$17,579,000	–	423,700	–	2.09%	–
GPORQ	New	GULFPORT ENERGY CORP	$16,426,000	–	408,100	–	1.95%	–
HFC	New	HOLLYFRONTIER CORP	$15,189,000	–	355,800	–	1.80%	–
DOW	New	DOW CHEM CO	$14,686,000	–	287,000	–	1.74%	–
PDCE	New	PDC ENERGY INC	$14,247,000	–	265,600	–	1.69%	–
HAL	New	HALLIBURTON CO	$14,235,000	–	330,500	–	1.69%	–
EXH	New	EXTERRAN HLDGS INC	$13,974,000	–	428,000	–	1.66%	–
RSPP	New	RSP PERMIAN INC	$13,642,000	–	485,300	–	1.62%	–
EGN	New	ENERGEN CORP	$13,100,000	–	191,800	–	1.56%	–
APD	New	AIR PRODS & CHEMS INC	$12,588,000	–	92,000	–	1.50%	–
AEP	New	AMERICAN ELEC PWR INC	$12,492,000	–	235,838	–	1.48%	–
XEC	New	CIMAREX ENERGY CO	$12,289,000	–	111,400	–	1.46%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$11,025,000	–	106,500	–	1.31%	–
DK	New	DELEK US HLDGS INC	$10,184,000	–	276,600	–	1.21%	–
BERY	New	BERRY PLASTICS GROUP INC	$10,148,000	–	313,200	–	1.21%	–
RICE	New	RICE ENERGY INC	$9,834,000	–	472,100	–	1.17%	–
E	New	ENI S P Asponsored adr	$9,535,000	–	268,000	–	1.13%	–
GRA	New	GRACE W R & CO DEL NEW	$9,127,000	–	91,000	–	1.08%	–
EPEGQ	New	EP ENERGY CORPcl a	$9,103,000	–	715,100	–	1.08%	–
FANG	New	DIAMONDBACK ENERGY INC	$8,699,000	–	115,400	–	1.03%	–
WMB	New	WILLIAMS COS INC DEL	$8,563,000	–	149,200	–	1.02%	–
EMN	New	EASTMAN CHEM CO	$7,691,000	–	94,000	–	0.91%	–
SU	New	SUNCOR ENERGY INC NEW	$7,406,000	–	269,100	–	0.88%	–
ALB	New	ALBEMARLE CORP	$7,406,000	–	134,000	–	0.88%	–
NBR	New	NABORS INDUSTRIES LTD	$7,326,000	–	507,700	–	0.87%	–
POL	New	POLYONE CORP	$7,149,000	–	182,500	–	0.85%	–
SCG	New	SCANA CORP NEW	$7,126,000	–	140,700	–	0.85%	–
PCG	New	PG&E CORP	$5,887,000	–	119,900	–	0.70%	–
EIX	New	EDISON INTL	$5,886,000	–	105,900	–	0.70%	–
RPM	New	RPM INTL INC	$5,578,000	–	113,900	–	0.66%	–
GXP	New	GREAT PLAINS ENERGY INC	$5,429,000	–	224,700	–	0.64%	–
MPC	New	MARATHON PETE CORP	$4,949,000	–	94,600	–	0.59%	–
CE	New	CELANESE CORP DEL	$4,730,000	–	65,800	–	0.56%	–
VLO	New	VALERO ENERGY CORP NEW	$4,708,000	–	75,200	–	0.56%	–
BTEGF	New	BAYTEX ENERGY CORP	$4,682,000	–	301,000	–	0.56%	–
POT	New	POTASH CORP SASK INC	$4,615,000	–	149,000	–	0.55%	–
AXTA	New	AXALTA COATING SYS LTD	$4,350,000	–	131,500	–	0.52%	–
EXC	New	EXELON CORP	$4,213,000	–	134,100	–	0.50%	–
STO	New	STATOIL ASAsponsored adr	$3,983,000	–	222,500	–	0.47%	–
OLN	New	OLIN CORP	$3,805,000	–	141,200	–	0.45%	–
BHI	New	BAKER HUGHES INC	$2,499,000	–	40,500	–	0.30%	–
SYRG	New	SYNERGY RES CORP	$2,462,000	–	215,400	–	0.29%	–
CIE	New	COBALT INTL ENERGY INC	$2,459,000	–	253,250	–	0.29%	–
CNQ	New	CANADIAN NAT RES LTD	$2,148,000	–	79,100	–	0.26%	–
BP	New	BP PLCsponsored adr	$1,678,000	–	42,000	–	0.20%	–
NEE	New	NEXTERA ENERGY INC	$1,500,000	–	15,300	–	0.18%	–
POR	New	PORTLAND GEN ELEC CO	$1,247,000	–	37,600	–	0.15%	–
FOE	New	FERRO CORP	$1,200,000	–	71,500	–	0.14%	–
WLK	New	WESTLAKE CHEM CORP	$1,025,000	–	14,941	–	0.12%	–
MRD	New	MEMORIAL RESOURCE DEV CORP	$985,000	–	51,900	–	0.12%	–

Q4 2014

			Value		Shares		↓ Weighting
MRC	Exit	MRC GLOBAL INC	$0	–	-39,700	–	-0.16%	–
WFTIQ	Exit	WEATHERFORD INTL PLC	$0	–	-47,600	–	-0.18%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-30,500	–	-0.18%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-56,100	–	-0.23%	–
FOE	Exit	FERRO CORP	$0	–	-118,500	–	-0.31%	–
GDPMQ	Exit	GOODRICH PETE CORP	$0	–	-128,800	–	-0.34%	–
ATHL	Exit	ATHLON ENERGY INC	$0	–	-33,750	–	-0.35%	–
EXC	Exit	EXELON CORP	$0	–	-59,600	–	-0.36%	–
SGY	Exit	STONE ENERGY CORP	$0	–	-78,900	–	-0.44%	–
BXE	Exit	BELLATRIX EXPLORATION LTD	$0	–	-426,000	–	-0.47%	–
J	Exit	JACOBS ENGR GROUP INC DEL	$0	–	-54,700	–	-0.48%	–
RSPP	Exit	RSP PERMIAN INC	$0	–	-126,200	–	-0.58%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-56,900	–	-0.62%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-12,500	–	-0.62%	–
ACM	Exit	AECOM TECHNOLOGY CORP DELAWA	$0	–	-109,100	–	-0.66%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-121,700	–	-0.70%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-81,400	–	-0.79%	–
BCEI	Exit	BONANZA CREEK ENERGY INC	$0	–	-79,500	–	-0.81%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-112,200	–	-0.84%	–
PVAHQ	Exit	PENN VA CORP	$0	–	-376,140	–	-0.85%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-97,600	–	-0.90%	–
TRGP	Exit	TARGA RES CORP	$0	–	-39,035	–	-0.95%	–
CIE	Exit	COBALT INTL ENERGY INC	$0	–	-399,650	–	-0.97%	–
BBG	Exit	BARRETT BILL CORP	$0	–	-249,031	–	-0.98%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-148,000	–	-0.98%	–
POL	Exit	POLYONE CORP	$0	–	-159,700	–	-1.01%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-128,200	–	-1.15%	–
FET	Exit	FORUM ENERGY TECHNOLOGIES IN	$0	–	-216,200	–	-1.18%	–
EIX	Exit	EDISON INTL	$0	–	-122,413	–	-1.22%	–
MON	Exit	MONSANTO CO NEW	$0	–	-62,500	–	-1.25%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-284,000	–	-1.32%	–
HAL	Exit	HALLIBURTON CO	$0	–	-120,600	–	-1.39%	–
ASH	Exit	ASHLAND INC NEW	$0	–	-75,000	–	-1.39%	–
DTE	Exit	DTE ENERGY CO	$0	–	-104,080	–	-1.41%	–
ROSE	Exit	ROSETTA RESOURCES INC	$0	–	-180,000	–	-1.43%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-252,900	–	-1.47%	–
RES	Exit	RPC INC	$0	–	-382,700	–	-1.50%	–
WNR	Exit	WESTERN REFNG INC	$0	–	-222,600	–	-1.67%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-126,400	–	-1.68%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-148,462	–	-1.80%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-119,510	–	-1.84%	–
TS	Exit	TENARIS S Asponsored adr	$0	–	-237,000	–	-1.92%	–
OIS	Exit	OIL STS INTL INC	$0	–	-180,000	–	-1.98%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-52,600	–	-2.05%	–
SM	Exit	SM ENERGY CO	$0	–	-148,500	–	-2.06%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-545,300	–	-2.07%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-225,377	–	-2.10%	–
LYB	Exit	LYONDELL BASEBALL INDUSTRIES N	$0	–	-113,200	–	-2.19%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-99,031	–	-2.23%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-191,000	–	-2.35%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-157,600	–	-2.38%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-180,440	–	-3.26%	–
PCG	Exit	PG&E CORP	$0	–	-427,900	–	-3.43%	–
ECA	Exit	ENCANA CORP	$0	–	-934,700	–	-3.53%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-305,000	–	-3.54%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-577,887	–	-3.82%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-555,000	–	-5.47%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-895,400	–	-5.77%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-915,600	–	-6.13%	–
HES	Exit	HESS CORP	$0	–	-373,520	–	-6.28%	–

Q3 2014

			Value		Shares		↓ Weighting
HES	Sell	HESS CORP	$35,230,000	-30.3%	373,520	-27.0%	6.28%	-6.1%
MRO	New	MARATHON OIL CORP	$34,417,000	–	915,600	–	6.13%	–
SU	Sell	SUNCOR ENERGY INC NEW	$32,369,000	-24.1%	895,400	-10.5%	5.77%	+2.3%
WMB	Buy	WILLIAMS COS INC DEL	$30,719,000	-2.8%	555,000	+2.2%	5.47%	+31.0%
NFX	Buy	NEWFIELD EXPL CO	$21,422,000	+30.8%	577,887	+55.9%	3.82%	+76.2%
BHI	Sell	BAKER HUGHES INC	$19,843,000	-33.8%	305,000	-24.2%	3.54%	-10.8%
ECA	Buy	ENCANA CORP	$19,825,000	+54.9%	934,700	+73.2%	3.53%	+108.8%
PCG	New	PG&E CORP	$19,273,000	–	427,900	–	3.43%	–
APC	Buy	ANADARKO PETE CORP	$18,304,000	+81.2%	180,440	+95.5%	3.26%	+144.2%
MPC	Buy	MARATHON PETE CORP	$13,344,000	+18.4%	157,600	+9.2%	2.38%	+59.6%
D	New	DOMINION RES INC VA NEW	$13,196,000	–	191,000	–	2.35%	–
XEC	Sell	CIMAREX ENERGY CO	$12,530,000	-63.6%	99,031	-58.7%	2.23%	-50.9%
LYB	Buy	LYONDELL BASEBALL INDUSTRIES N	$12,300,000	+41.1%	113,200	+26.8%	2.19%	+90.1%
AEP	Sell	AMERICAN ELEC PWR INC	$11,767,000	-62.8%	225,377	-60.2%	2.10%	-49.8%
PE	New	PARSLEY ENERGY INCcl a	$11,631,000	–	545,300	–	2.07%	–
SM	New	SM ENERGY CO	$11,583,000	–	148,500	–	2.06%	–
SHW	Buy	SHERWIN WILLIAMS CO	$11,519,000	+29.5%	52,600	+22.3%	2.05%	+74.4%
OIS	New	OIL STS INTL INC	$11,142,000	–	180,000	–	1.98%	–
TS	Buy	TENARIS S Asponsored adr	$10,795,000	+464.0%	237,000	+483.7%	1.92%	+660.5%
WLK	Buy	WESTLAKE CHEM CORP	$10,348,000	+313.3%	119,510	+299.7%	1.84%	+457.1%
DVN	Sell	DEVON ENERGY CORP NEW	$10,122,000	-57.5%	148,462	-50.5%	1.80%	-42.8%
FANG	Buy	DIAMONDBACK ENERGY INC	$9,452,000	+37.5%	126,400	+63.3%	1.68%	+85.3%
WNR	Sell	WESTERN REFNG INC	$9,347,000	-17.0%	222,600	-25.8%	1.67%	+11.9%
RES	New	RPC INC	$8,404,000	–	382,700	–	1.50%	–
PTEN	Sell	PATTERSON UTI ENERGY INC	$8,227,000	-55.3%	252,900	-52.0%	1.47%	-39.7%
ROSE	Buy	ROSETTA RESOURCES INC	$8,021,000	+433.7%	180,000	+556.9%	1.43%	+618.1%
DTE	New	DTE ENERGY CO	$7,918,000	–	104,080	–	1.41%	–
ASH	Buy	ASHLAND INC NEW	$7,808,000	+0.3%	75,000	+4.7%	1.39%	+35.0%
HAL	Sell	HALLIBURTON CO	$7,780,000	-77.8%	120,600	-75.6%	1.39%	-70.1%
HUN	Sell	HUNTSMAN CORP	$7,381,000	-13.2%	284,000	-6.1%	1.32%	+17.0%
MON	Buy	MONSANTO CO NEW	$7,032,000	+16.2%	62,500	+28.9%	1.25%	+56.6%
EIX	Sell	EDISON INTL	$6,845,000	-64.4%	122,413	-63.0%	1.22%	-52.0%
FET	Buy	FORUM ENERGY TECHNOLOGIES IN	$6,618,000	+69.1%	216,200	+101.3%	1.18%	+128.0%
PDCE	Sell	PDC ENERGY INC	$6,447,000	-26.7%	128,200	-7.9%	1.15%	-1.1%
POL	Buy	POLYONE CORP	$5,682,000	+170.2%	159,700	+220.0%	1.01%	+264.0%
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$5,512,000	–	148,000	–	0.98%	–
BBG	Sell	BARRETT BILL CORP	$5,489,000	-55.7%	249,031	-46.2%	0.98%	-40.3%
CIE	Buy	COBALT INTL ENERGY INC	$5,435,000	-21.1%	399,650	+6.5%	0.97%	+6.3%
TRGP	Buy	TARGA RES CORP	$5,315,000	+414.5%	39,035	+427.5%	0.95%	+591.2%
TRP	New	TRANSCANADA CORP	$5,027,000	–	97,600	–	0.90%	–
PVAHQ	Sell	PENN VA CORP	$4,781,000	-67.8%	376,140	-57.1%	0.85%	-56.6%
OASPQ	Sell	OASIS PETE INC NEW	$4,691,000	-53.5%	112,200	-37.8%	0.84%	-37.3%
BCEI	New	BONANZA CREEK ENERGY INC	$4,524,000	–	79,500	–	0.81%	–
PNW	New	PINNACLE WEST CAP CORP	$4,448,000	–	81,400	–	0.79%	–
POR	New	PORTLAND GEN ELEC CO	$3,909,000	–	121,700	–	0.70%	–
ACM	New	AECOM TECHNOLOGY CORP DELAWA	$3,682,000	–	109,100	–	0.66%	–
CF	New	CF INDS HLDGS INC	$3,490,000	–	12,500	–	0.62%	–
VET	New	VERMILION ENERGY INC	$3,464,000	–	56,900	–	0.62%	–
RSPP	Sell	RSP PERMIAN INC	$3,226,000	-62.3%	126,200	-52.1%	0.58%	-49.2%
J	New	JACOBS ENGR GROUP INC DEL	$2,670,000	–	54,700	–	0.48%	–
BXE	Buy	BELLATRIX EXPLORATION LTD	$2,617,000	-0.1%	426,000	+41.2%	0.47%	+34.7%
SGY	Sell	STONE ENERGY CORP	$2,474,000	-80.5%	78,900	-70.9%	0.44%	-73.7%
EXC	Sell	EXELON CORP	$2,032,000	-65.4%	59,600	-63.0%	0.36%	-53.4%
ATHL	Sell	ATHLON ENERGY INC	$1,965,000	-89.4%	33,750	-91.3%	0.35%	-85.8%
GDPMQ	New	GOODRICH PETE CORP	$1,909,000	–	128,800	–	0.34%	–
FOE	New	FERRO CORP	$1,717,000	–	118,500	–	0.31%	–
NBR	New	NABORS INDUSTRIES LTD	$1,277,000	–	56,100	–	0.23%	–
COG	New	CABOT OIL & GAS CORP	$997,000	–	30,500	–	0.18%	–
WFTIQ	New	WEATHERFORD INTL PLC	$990,000	–	47,600	–	0.18%	–
MRC	New	MRC GLOBAL INC	$926,000	–	39,700	–	0.16%	–
NI	Exit	NISOURCE INC	$0	–	-11,000	–	-0.06%	–
UPLMQ	Exit	ULTRA PETROLEUM CORP	$0	–	-34,300	–	-0.14%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-14,200	–	-0.16%	–
AXLL	Exit	AXIALL CORP	$0	–	-29,500	–	-0.18%	–
SNECQ	Exit	SANCHEZ ENERGY CORP	$0	–	-52,600	–	-0.26%	–
CE	Exit	CELANESE CORP DEL	$0	–	-31,200	–	-0.26%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-21,500	–	-0.29%	–
FMC	Exit	F M C CORP	$0	–	-37,600	–	-0.35%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-114,300	–	-0.41%	–
CRRTQ	Exit	CARBO CERAMICS INC	$0	–	-21,500	–	-0.44%	–
SPNV	Exit	SUPERIOR ENERGY SVCS INC	$0	–	-118,980	–	-0.57%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-76,700	–	-0.64%	–
CST	Exit	CST BRANDS INC	$0	–	-142,400	–	-0.65%	–
PPG	Exit	PPG INDS INC	$0	–	-23,400	–	-0.65%	–
DRQ	Exit	DRIL-QUIP INC	$0	–	-48,600	–	-0.70%	–
DOW	Exit	DOW CHEM CO	$0	–	-122,300	–	-0.83%	–
RICE	Exit	RICE ENERGY INC	$0	–	-222,300	–	-0.90%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-234,600	–	-1.07%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-188,000	–	-1.14%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-171,900	–	-1.26%	–
TSO	Exit	TESORO CORP	$0	–	-192,400	–	-1.49%	–
EPEGQ	Exit	EP ENERGY CORPcl a	$0	–	-493,200	–	-1.50%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-441,293	–	-1.82%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-199,804	–	-1.83%	–
EQT	Exit	EQT CORP	$0	–	-131,900	–	-1.86%	–
PDS	Exit	PRECISION DRILLING CORP	$0	–	-1,217,600	–	-2.28%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-424,600	–	-2.38%	–
EOG	Exit	EOG RES INC	$0	–	-285,700	–	-4.42%	–

Q2 2014

			Value		Shares		↓ Weighting
HES	New	HESS CORP	$50,574,000	–	511,420	–	6.69%	–
SU	New	SUNCOR ENERGY INC NEW	$42,626,000	–	999,900	–	5.64%	–
HAL	New	HALLIBURTON CO	$35,100,000	–	494,300	–	4.64%	–
XEC	New	CIMAREX ENERGY CO	$34,406,000	–	239,831	–	4.55%	–
EOG	New	EOG RES INC	$33,387,000	–	285,700	–	4.42%	–
AEP	New	AMERICAN ELEC PWR INC	$31,616,000	–	566,900	–	4.18%	–
WMB	New	WILLIAMS COS INC DEL	$31,596,000	–	542,800	–	4.18%	–
BHI	New	BAKER HUGHES INC	$29,959,000	–	402,400	–	3.96%	–
DVN	New	DEVON ENERGY CORP NEW	$23,836,000	–	300,200	–	3.15%	–
EIX	New	EDISON INTL	$19,218,000	–	330,713	–	2.54%	–
ATHL	New	ATHLON ENERGY INC	$18,598,000	–	389,900	–	2.46%	–
PTEN	New	PATTERSON UTI ENERGY INC	$18,399,000	–	526,600	–	2.43%	–
SE	New	SPECTRA ENERGY CORP	$18,037,000	–	424,600	–	2.38%	–
PDS	New	PRECISION DRILLING CORP	$17,241,000	–	1,217,600	–	2.28%	–
NFX	New	NEWFIELD EXPL CO	$16,381,000	–	370,600	–	2.17%	–
PVAHQ	New	PENN VA CORP	$14,858,000	–	876,600	–	1.96%	–
EQT	New	EQT CORP	$14,100,000	–	131,900	–	1.86%	–
CRZO	New	CARRIZO OIL & GAS INC	$13,838,000	–	199,804	–	1.83%	–
CMS	New	CMS ENERGY CORP	$13,746,000	–	441,293	–	1.82%	–
ECA	New	ENCANA CORP	$12,796,000	–	539,700	–	1.69%	–
SGY	New	STONE ENERGY CORP	$12,675,000	–	270,900	–	1.68%	–
BBG	New	BARRETT BILL CORP	$12,397,000	–	462,931	–	1.64%	–
EPEGQ	New	EP ENERGY CORPcl a	$11,368,000	–	493,200	–	1.50%	–
TSO	New	TESORO CORP	$11,288,000	–	192,400	–	1.49%	–
MPC	New	MARATHON PETE CORP	$11,266,000	–	144,300	–	1.49%	–
WNR	New	WESTERN REFNG INC	$11,257,000	–	299,800	–	1.49%	–
APC	New	ANADARKO PETE CORP	$10,104,000	–	92,300	–	1.34%	–
OASPQ	New	OASIS PETE INC NEW	$10,088,000	–	180,500	–	1.33%	–
SLCA	New	U S SILICA HLDGS INC	$9,530,000	–	171,900	–	1.26%	–
SHW	New	SHERWIN WILLIAMS CO	$8,897,000	–	43,000	–	1.18%	–
PDCE	New	PDC ENERGY INC	$8,790,000	–	139,200	–	1.16%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$8,720,000	–	89,300	–	1.15%	–
CNQ	New	CANADIAN NAT RES LTD	$8,631,000	–	188,000	–	1.14%	–
RSPP	New	RSP PERMIAN INC	$8,554,000	–	263,700	–	1.13%	–
HUN	New	HUNTSMAN CORP	$8,503,000	–	302,600	–	1.12%	–
PWR	New	QUANTA SVCS INC	$8,112,000	–	234,600	–	1.07%	–
ASH	New	ASHLAND INC NEW	$7,786,000	–	71,600	–	1.03%	–
CIE	New	COBALT INTL ENERGY INC	$6,886,000	–	375,250	–	0.91%	–
FANG	New	DIAMONDBACK ENERGY INC	$6,873,000	–	77,400	–	0.91%	–
RICE	New	RICE ENERGY INC	$6,769,000	–	222,300	–	0.90%	–
DOW	New	DOW CHEM CO	$6,294,000	–	122,300	–	0.83%	–
MON	New	MONSANTO CO NEW	$6,050,000	–	48,500	–	0.80%	–
EXC	New	EXELON CORP	$5,877,000	–	161,100	–	0.78%	–
DRQ	New	DRIL-QUIP INC	$5,309,000	–	48,600	–	0.70%	–
PPG	New	PPG INDS INC	$4,918,000	–	23,400	–	0.65%	–
CST	New	CST BRANDS INC	$4,913,000	–	142,400	–	0.65%	–
GPORQ	New	GULFPORT ENERGY CORP	$4,817,000	–	76,700	–	0.64%	–
SPNV	New	SUPERIOR ENERGY SVCS INC	$4,300,000	–	118,980	–	0.57%	–
FET	New	FORUM ENERGY TECHNOLOGIES IN	$3,913,000	–	107,400	–	0.52%	–
CRRTQ	New	CARBO CERAMICS INC	$3,314,000	–	21,500	–	0.44%	–
GXP	New	GREAT PLAINS ENERGY INC	$3,071,000	–	114,300	–	0.41%	–
FMC	New	F M C CORP	$2,677,000	–	37,600	–	0.35%	–
BXE	New	BELLATRIX EXPLORATION LTD	$2,620,000	–	301,800	–	0.35%	–
WLK	New	WESTLAKE CHEM CORP	$2,504,000	–	29,900	–	0.33%	–
NEE	New	NEXTERA ENERGY INC	$2,203,000	–	21,500	–	0.29%	–
POL	New	POLYONE CORP	$2,103,000	–	49,900	–	0.28%	–
CE	New	CELANESE CORP DEL	$2,006,000	–	31,200	–	0.26%	–
SNECQ	New	SANCHEZ ENERGY CORP	$1,977,000	–	52,600	–	0.26%	–
TS	New	TENARIS S Asponsored adr	$1,914,000	–	40,600	–	0.25%	–
ROSE	New	ROSETTA RESOURCES INC	$1,503,000	–	27,400	–	0.20%	–
AXLL	New	AXIALL CORP	$1,394,000	–	29,500	–	0.18%	–
COP	New	CONOCOPHILLIPS	$1,217,000	–	14,200	–	0.16%	–
TRGP	New	TARGA RES CORP	$1,033,000	–	7,400	–	0.14%	–
UPLMQ	New	ULTRA PETROLEUM CORP	$1,018,000	–	34,300	–	0.14%	–
NI	New	NISOURCE INC	$433,000	–	11,000	–	0.06%	–

Q4 2013

			Value		Shares		↓ Weighting
BAS	Exit	BASIC ENERGY SVCS INC NEW	$0	–	-19,500	–	-0.04%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-17,600	–	-0.06%	–
RDC	Exit	ROWAN COMPANIES PLC	$0	–	-11,800	–	-0.07%	–
UNTCQ	Exit	UNIT CORP	$0	–	-10,600	–	-0.08%	–
BRSWQ	Exit	BRISTOW GROUP INC	$0	–	-7,300	–	-0.09%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-8,800	–	-0.11%	–
ACI	Exit	ARCH COAL INC	$0	–	-174,800	–	-0.12%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-37,200	–	-0.17%	–
BXE	Exit	BELLATRIX EXPLORATION LTD	$0	–	-239,000	–	-0.30%	–
PCG	Exit	PG&E CORP	$0	–	-49,300	–	-0.34%	–
ERF	Exit	ENERPLUS CORP	$0	–	-122,600	–	-0.34%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-71,992	–	-0.34%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-26,800	–	-0.36%	–
GLFMQ	Exit	GULFMARK OFFSHORE INCcl a new	$0	–	-46,632	–	-0.40%	–
GTLS	Exit	CHART INDS INC	$0	–	-19,500	–	-0.40%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-13,600	–	-0.41%	–
SDRL	Exit	SEADRILL LIMITED	$0	–	-59,000	–	-0.44%	–
TS	Exit	TENARIS S Asponsored adr	$0	–	-58,800	–	-0.46%	–
BCEI	Exit	BONANZA CREEK ENERGY INC	$0	–	-59,300	–	-0.48%	–
KBR	Exit	KBR INC	$0	–	-95,200	–	-0.52%	–
FET	Exit	FORUM ENERGY TECHNOLOGIES IN	$0	–	-130,600	–	-0.59%	–
KOS	Exit	KOSMOS ENERGY LTD	$0	–	-349,700	–	-0.60%	–
ORIG	Exit	OCEAN RIG UDW INC	$0	–	-200,900	–	-0.61%	–
PACD	Exit	PACIFIC DRILLING SA LUXEMBOU	$0	–	-333,800	–	-0.62%	–
FMC	Exit	F M C CORP	$0	–	-56,000	–	-0.67%	–
NE	Exit	NOBLE CORPORATION BAARnamen -akt	$0	–	-112,500	–	-0.71%	–
PX	Exit	PRAXAIR INC	$0	–	-35,700	–	-0.71%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-211,200	–	-0.72%	–
DRQ	Exit	DRIL-QUIP INC	$0	–	-38,500	–	-0.74%	–
HAL	Exit	HALLIBURTON CO	$0	–	-103,500	–	-0.83%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-62,200	–	-0.84%	–
WLK	Exit	WESTLAKE CHEM CORP	$0	–	-49,300	–	-0.86%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-120,900	–	-0.87%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-97,600	–	-0.89%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-127,428	–	-0.90%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-103,965	–	-0.95%	–
WTI	Exit	W & T OFFSHORE INC	$0	–	-324,200	–	-0.96%	–
EGN	Exit	ENERGEN CORP	$0	–	-75,300	–	-0.96%	–
MDU	Exit	MDU RES GROUP INC	$0	–	-221,100	–	-1.03%	–
MON	Exit	MONSANTO CO NEW	$0	–	-60,600	–	-1.05%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-111,200	–	-1.08%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-246,418	–	-1.08%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-113,200	–	-1.31%	–
MTZ	Exit	MASTEC INC	$0	–	-283,558	–	-1.43%	–
NI	Exit	NISOURCE INC	$0	–	-283,700	–	-1.46%	–
GPORQ	Exit	GULFPORT ENERGY CORP	$0	–	-142,800	–	-1.53%	–
CNX	Exit	CONSOL ENERGY INC	$0	–	-285,800	–	-1.60%	–
CRZO	Exit	CARRIZO OIL & GAS INC	$0	–	-260,900	–	-1.62%	–
OKE	Exit	ONEOK INC NEW	$0	–	-187,400	–	-1.66%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-149,300	–	-1.71%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-107,800	–	-1.73%	–
HOSSQ	Exit	HORNBECK OFFSHORE SVCS INC N	$0	–	-201,900	–	-1.93%	–
WLL	Exit	WHITING PETE CORP NEW	$0	–	-222,100	–	-2.21%	–
EQT	Exit	EQT CORP	$0	–	-152,300	–	-2.25%	–
OIS	Exit	OIL STS INTL INC	$0	–	-132,200	–	-2.28%	–
TSO	Exit	TESORO CORP	$0	–	-316,000	–	-2.31%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-399,400	–	-2.32%	–
CIE	Exit	COBALT INTL ENERGY INC	$0	–	-611,250	–	-2.53%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-125,400	–	-2.54%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-317,900	–	-2.60%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-692,400	–	-2.61%	–
ECA	Exit	ENCANA CORP	$0	–	-1,049,400	–	-3.03%	–
HES	Exit	HESS CORP	$0	–	-236,400	–	-3.04%	–
PTEN	Exit	PATTERSON UTI ENERGY INC	$0	–	-990,600	–	-3.52%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-281,300	–	-4.14%	–
SM	Exit	SM ENERGY CO	$0	–	-415,050	–	-5.33%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-362,950	–	-5.62%	–
EOG	Exit	EOG RES INC	$0	–	-237,600	–	-6.70%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,209,500	–	-7.20%	–

Q3 2013

			Value		Shares		↓ Weighting
SU	Sell	SUNCOR ENERGY INC NEW	$43,276,000	-13.6%	1,209,500	-28.8%	7.20%	-12.7%
EOG	Sell	EOG RES INC	$40,221,000	-8.5%	237,600	-28.8%	6.70%	-7.6%
APC	Buy	ANADARKO PETE CORP	$33,751,000	+25.8%	362,950	+16.3%	5.62%	+27.2%
SM	Buy	SM ENERGY CO	$32,038,000	+69.0%	415,050	+31.3%	5.33%	+70.8%
SLB	New	SCHLUMBERGER LTD	$24,856,000	–	281,300	–	4.14%	–
PTEN	New	PATTERSON UTI ENERGY INC	$21,179,000	–	990,600	–	3.52%	–
HES	Sell	HESS CORP	$18,283,000	+8.3%	236,400	-6.9%	3.04%	+9.5%
ECA	New	ENCANA CORP	$18,186,000	–	1,049,400	–	3.03%	–
STO	New	STATOIL ASAsponsored adr	$15,704,000	–	692,400	–	2.61%	–
OASPQ	Buy	OASIS PETE INC NEW	$15,618,000	+147.9%	317,900	+96.1%	2.60%	+150.5%
CVX	New	CHEVRON CORP NEW	$15,236,000	–	125,400	–	2.54%	–
CIE	Sell	COBALT INTL ENERGY INC	$15,196,000	-7.4%	611,250	-1.0%	2.53%	-6.4%
MRO	New	MARATHON OIL CORP	$13,931,000	–	399,400	–	2.32%	–
TSO	Buy	TESORO CORP	$13,898,000	+172.7%	316,000	+224.4%	2.31%	+175.7%
OIS	New	OIL STS INTL INC	$13,677,000	–	132,200	–	2.28%	–
EQT	New	EQT CORP	$13,512,000	–	152,300	–	2.25%	–
WLL	Sell	WHITING PETE CORP NEW	$13,293,000	-37.5%	222,100	-51.9%	2.21%	-36.9%
HOSSQ	Buy	HORNBECK OFFSHORE SVCS INC N	$11,597,000	+2067.7%	201,900	+1919.0%	1.93%	+2093.2%
XEC	New	CIMAREX ENERGY CO	$10,392,000	–	107,800	–	1.73%	–
HP	Buy	HELMERICH & PAYNE INC	$10,294,000	+244.9%	149,300	+212.3%	1.71%	+248.2%
OKE	New	ONEOK INC NEW	$9,992,000	–	187,400	–	1.66%	–
CRZO	New	CARRIZO OIL & GAS INC	$9,734,000	–	260,900	–	1.62%	–
CNX	Buy	CONSOL ENERGY INC	$9,617,000	+163.6%	285,800	+112.3%	1.60%	+166.4%
GPORQ	Sell	GULFPORT ENERGY CORP	$9,188,000	+21.6%	142,800	-11.0%	1.53%	+22.9%
NI	Sell	NISOURCE INC	$8,763,000	-19.5%	283,700	-25.3%	1.46%	-18.6%
MTZ	Buy	MASTEC INC	$8,592,000	+15.6%	283,558	+25.5%	1.43%	+16.8%
COP	New	CONOCOPHILLIPS	$7,869,000	–	113,200	–	1.31%	–
CAM	New	CAMERON INTERNATIONAL CORP	$6,491,000	–	111,200	–	1.08%	–
CMS	Buy	CMS ENERGY CORP	$6,486,000	+1.4%	246,418	+4.6%	1.08%	+2.5%
MON	New	MONSANTO CO NEW	$6,325,000	–	60,600	–	1.05%	–
MDU	Buy	MDU RES GROUP INC	$6,184,000	+169.3%	221,100	+149.5%	1.03%	+172.2%
EGN	New	ENERGEN CORP	$5,752,000	–	75,300	–	0.96%	–
WTI	New	W & T OFFSHORE INC	$5,745,000	–	324,200	–	0.96%	–
PNW	Buy	PINNACLE WEST CAP CORP	$5,691,000	+167.2%	103,965	+170.7%	0.95%	+169.8%
FANG	Sell	DIAMONDBACK ENERGY INC	$5,434,000	-35.3%	127,428	-49.4%	0.90%	-34.6%
VET	New	VERMILION ENERGY INC	$5,366,000	–	97,600	–	0.89%	–
AEP	New	AMERICAN ELEC PWR INC	$5,241,000	–	120,900	–	0.87%	–
WLK	New	WESTLAKE CHEM CORP	$5,160,000	–	49,300	–	0.86%	–
OII	New	OCEANEERING INTL INC	$5,053,000	–	62,200	–	0.84%	–
HAL	Sell	HALLIBURTON CO	$4,984,000	-9.0%	103,500	-21.1%	0.83%	-8.0%
DRQ	Sell	DRIL-QUIP INC	$4,418,000	-50.4%	38,500	-61.0%	0.74%	-49.9%
HUN	New	HUNTSMAN CORP	$4,353,000	–	211,200	–	0.72%	–
PX	New	PRAXAIR INC	$4,291,000	–	35,700	–	0.71%	–
NE	New	NOBLE CORPORATION BAARnamen -akt	$4,249,000	–	112,500	–	0.71%	–
FMC	Sell	F M C CORP	$4,016,000	-54.7%	56,000	-61.4%	0.67%	-54.2%
PACD	Sell	PACIFIC DRILLING SA LUXEMBOU	$3,699,000	+13.0%	333,800	-0.3%	0.62%	+14.3%
ORIG	New	OCEAN RIG UDW INC	$3,656,000	–	200,900	–	0.61%	–
KOS	Sell	KOSMOS ENERGY LTD	$3,595,000	-0.2%	349,700	-1.4%	0.60%	+0.8%
FET	New	FORUM ENERGY TECHNOLOGIES IN	$3,528,000	–	130,600	–	0.59%	–
KBR	New	KBR INC	$3,107,000	–	95,200	–	0.52%	–
BCEI	Sell	BONANZA CREEK ENERGY INC	$2,862,000	-67.2%	59,300	-75.9%	0.48%	-66.8%
TS	New	TENARIS S Asponsored adr	$2,751,000	–	58,800	–	0.46%	–
SDRL	Sell	SEADRILL LIMITED	$2,660,000	-79.6%	59,000	-81.6%	0.44%	-79.4%
SHW	New	SHERWIN WILLIAMS CO	$2,478,000	–	13,600	–	0.41%	–
GTLS	Sell	CHART INDS INC	$2,399,000	-45.7%	19,500	-58.5%	0.40%	-45.2%
GLFMQ	New	GULFMARK OFFSHORE INCcl a new	$2,373,000	–	46,632	–	0.40%	–
NEE	Buy	NEXTERA ENERGY INC	$2,148,000	+105.9%	26,800	+109.4%	0.36%	+108.1%
ERF	Sell	ENERPLUS CORP	$2,030,000	-66.1%	122,600	-69.7%	0.34%	-65.7%
POR	Buy	PORTLAND GEN ELEC CO	$2,032,000	+158.5%	71,992	+180.1%	0.34%	+162.0%
PCG	New	PG&E CORP	$2,017,000	–	49,300	–	0.34%	–
BXE	Buy	BELLATRIX EXPLORATION LTD	$1,819,000	+554.3%	239,000	+426.4%	0.30%	+558.7%
XEL	New	XCEL ENERGY INC	$1,027,000	–	37,200	–	0.17%	–
ACI	New	ARCH COAL INC	$718,000	–	174,800	–	0.12%	–
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$644,000	-88.2%	8,800	-89.3%	0.11%	-88.1%
BRSWQ	New	BRISTOW GROUP INC	$531,000	–	7,300	–	0.09%	–
UNTCQ	New	UNIT CORP	$493,000	–	10,600	–	0.08%	–
RDC	Sell	ROWAN COMPANIES PLC	$433,000	-97.1%	11,800	-97.3%	0.07%	-97.0%
GXP	Sell	GREAT PLAINS ENERGY INC	$391,000	-76.9%	17,600	-76.6%	0.06%	-76.7%
BAS	Sell	BASIC ENERGY SVCS INC NEW	$246,000	-93.3%	19,500	-93.6%	0.04%	-93.2%
SE	Exit	SPECTRA ENERGY CORP	$0	–	-6,800	–	-0.04%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-29,900	–	-0.13%	–
EEQ	Exit	ENBRIDGE ENERGY MANAGEMENT L	$0	–	-39,300	–	-0.20%	–
ATW	Exit	ATWOOD OCEANICS INC	$0	–	-33,700	–	-0.29%	–
BBG	Exit	BARRETT BILL CORP	$0	–	-92,600	–	-0.31%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-27,200	–	-0.31%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-38,200	–	-0.32%	–
RS	Exit	RELIANCE STEEL & ALUMINUM CO	$0	–	-33,600	–	-0.36%	–
NFX	Exit	NEWFIELD EXPL CO	$0	–	-101,300	–	-0.40%	–
KOG	Exit	KODIAK OIL & GAS CORP	$0	–	-278,000	–	-0.41%	–
TDW	Exit	TIDEWATER INC	$0	–	-51,800	–	-0.49%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INC	$0	–	-185,200	–	-0.50%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$0	–	-78,100	–	-0.77%	–
BP	Exit	BP PLCsponsored adr	$0	–	-119,000	–	-0.82%	–
DK	Exit	DELEK US HLDGS INC	$0	–	-173,800	–	-0.82%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-166,000	–	-0.84%	–
UNP	Exit	UNION PAC CORP	$0	–	-38,800	–	-0.99%	–
ASH	Exit	ASHLAND INC NEW	$0	–	-74,100	–	-1.02%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-124,600	–	-1.17%	–
RRC	Exit	RANGE RES CORP	$0	–	-95,100	–	-1.21%	–
CXO	Exit	CONCHO RES INC	$0	–	-107,600	–	-1.48%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-144,100	–	-1.66%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-150,100	–	-2.13%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-890,000	–	-2.24%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-380,400	–	-2.89%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-371,325	–	-4.34%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-743,800	–	-4.48%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-541,107	–	-5.69%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-637,700	–	-6.40%	–

Q2 2013

			Value		Shares		↓ Weighting
SU	New	SUNCOR ENERGY INC NEW	$50,086,000	–	1,698,400	–	8.25%	–
EOG	New	EOG RES INC	$43,968,000	–	333,900	–	7.24%	–
MUR	New	MURPHY OIL CORP	$38,830,000	–	637,700	–	6.40%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$34,523,000	–	541,107	–	5.69%	–
SWN	New	SOUTHWESTERN ENERGY CO	$27,171,000	–	743,800	–	4.48%	–
APC	New	ANADARKO PETE CORP	$26,823,000	–	312,150	–	4.42%	–
COG	New	CABOT OIL & GAS CORP	$26,372,000	–	371,325	–	4.34%	–
WLL	New	WHITING PETE CORP NEW	$21,284,000	–	461,800	–	3.50%	–
SM	New	SM ENERGY CO	$18,963,000	–	316,150	–	3.12%	–
BHI	New	BAKER HUGHES INC	$17,548,000	–	380,400	–	2.89%	–
HES	New	HESS CORP	$16,882,000	–	253,900	–	2.78%	–
CIE	New	COBALT INTL ENERGY INC	$16,411,000	–	617,650	–	2.70%	–
RDC	New	ROWAN COMPANIES PLC	$14,694,000	–	431,300	–	2.42%	–
NBR	New	NABORS INDUSTRIES LTD	$13,626,000	–	890,000	–	2.24%	–
SDRL	New	SEADRILL LIMITED	$13,029,000	–	319,800	–	2.15%	–
CLR	New	CONTINENTAL RESOURCES INC	$12,918,000	–	150,100	–	2.13%	–
NI	New	NISOURCE INC	$10,880,000	–	379,900	–	1.79%	–
EMN	New	EASTMAN CHEM CO	$10,088,000	–	144,100	–	1.66%	–
CXO	New	CONCHO RES INC	$9,008,000	–	107,600	–	1.48%	–
DRQ	New	DRIL-QUIP INC	$8,912,000	–	98,700	–	1.47%	–
FMC	New	F M C CORP	$8,866,000	–	145,200	–	1.46%	–
BCEI	New	BONANZA CREEK ENERGY INC	$8,713,000	–	245,700	–	1.44%	–
FANG	New	DIAMONDBACK ENERGY INC	$8,396,000	–	251,993	–	1.38%	–
GPORQ	New	GULFPORT ENERGY CORP	$7,553,000	–	160,400	–	1.24%	–
MTZ	New	MASTEC INC	$7,434,000	–	225,946	–	1.22%	–
RRC	New	RANGE RES CORP	$7,353,000	–	95,100	–	1.21%	–
D	New	DOMINION RES INC VA NEW	$7,080,000	–	124,600	–	1.17%	–
CMS	New	CMS ENERGY CORP	$6,398,000	–	235,481	–	1.05%	–
OASPQ	New	OASIS PETE INC NEW	$6,301,000	–	162,100	–	1.04%	–
ASH	New	ASHLAND INC NEW	$6,187,000	–	74,100	–	1.02%	–
ERF	New	ENERPLUS CORP	$5,984,000	–	404,900	–	0.99%	–
UNP	New	UNION PAC CORP	$5,986,000	–	38,800	–	0.99%	–
HAL	New	HALLIBURTON CO	$5,474,000	–	131,200	–	0.90%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$5,473,000	–	82,600	–	0.90%	–
TSO	New	TESORO CORP	$5,096,000	–	97,400	–	0.84%	–
PBA	New	PEMBINA PIPELINE CORP	$5,080,000	–	166,000	–	0.84%	–
DK	New	DELEK US HLDGS INC	$5,002,000	–	173,800	–	0.82%	–
BP	New	BP PLCsponsored adr	$4,967,000	–	119,000	–	0.82%	–
CBI	New	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$4,659,000	–	78,100	–	0.77%	–
GTLS	New	CHART INDS INC	$4,422,000	–	47,000	–	0.73%	–
BAS	New	BASIC ENERGY SVCS INC NEW	$3,673,000	–	303,800	–	0.60%	–
CNX	New	CONSOL ENERGY INC	$3,648,000	–	134,600	–	0.60%	–
KOS	New	KOSMOS ENERGY LTD	$3,603,000	–	354,600	–	0.59%	–
PACD	New	PACIFIC DRILLING SA LUXEMBOU	$3,273,000	–	334,700	–	0.54%	–
CLDPQ	New	CLOUD PEAK ENERGY INC	$3,052,000	–	185,200	–	0.50%	–
HP	New	HELMERICH & PAYNE INC	$2,985,000	–	47,800	–	0.49%	–
TDW	New	TIDEWATER INC	$2,951,000	–	51,800	–	0.49%	–
KOG	New	KODIAK OIL & GAS CORP	$2,471,000	–	278,000	–	0.41%	–
NFX	New	NEWFIELD EXPL CO	$2,420,000	–	101,300	–	0.40%	–
MDU	New	MDU RES GROUP INC	$2,296,000	–	88,600	–	0.38%	–
RS	New	RELIANCE STEEL & ALUMINUM CO	$2,203,000	–	33,600	–	0.36%	–
PNW	New	PINNACLE WEST CAP CORP	$2,130,000	–	38,400	–	0.35%	–
PDCE	New	PDC ENERGY INC	$1,967,000	–	38,200	–	0.32%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,874,000	–	27,200	–	0.31%	–
BBG	New	BARRETT BILL CORP	$1,872,000	–	92,600	–	0.31%	–
ATW	New	ATWOOD OCEANICS INC	$1,754,000	–	33,700	–	0.29%	–
GXP	New	GREAT PLAINS ENERGY INC	$1,695,000	–	75,200	–	0.28%	–
EEQ	New	ENBRIDGE ENERGY MANAGEMENT L	$1,190,000	–	39,300	–	0.20%	–
NEE	New	NEXTERA ENERGY INC	$1,043,000	–	12,800	–	0.17%	–
PWR	New	QUANTA SVCS INC	$791,000	–	29,900	–	0.13%	–
POR	New	PORTLAND GEN ELEC CO	$786,000	–	25,700	–	0.13%	–
HOSSQ	New	HORNBECK OFFSHORE SVCS INC N	$535,000	–	10,000	–	0.09%	–
BXE	New	BELLATRIX EXPLORATION LTD	$278,000	–	45,400	–	0.05%	–
SE	New	SPECTRA ENERGY CORP	$234,000	–	6,800	–	0.04%	–

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