KGH Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 22, 2024), KGH Ltd reported 29 stock positions worth $1.6 billion. Its top holding was Range Resources (RRC) at 12.5% of the portfolio, followed by United States Steel (X, 9.9%) and Warrior Met Coal (HCC, 9.7%). Compared with Q1 2024, it opened 1 new position, sold out of 5, added to 6 and reduced 2. The biggest buy was Chord Energy (CHRD, shares +872%) and the biggest sale an exit from Enerplus (ERF).

Most Recent 13F
Q4 2024
Location
NASSAU, C5
CIK
0001549641
Portfolio Value
$1.6B (Q2 2024)
SEC Filing
0001085146-24-004159 ↗ filed Aug 22, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.7B Q1 2024 Q2 2024: $1.6B $1.6B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.3B Q4 2024

Holdings 29 stocks · $1.6B
RRC Range Resources Corp. 12.50% 6,080,000 $203.9M Add +3.2%
X United States Steel Corp. 9.86% 4,255,000 $160.8M Add +68.2%
HCC Warrior Met Coal Inc. 9.70% 2,520,838 $158.2M No change
DO Diamond Offshore Drilling Inc. 7.96% 8,381,000 $129.8M No change
CRK Comstock Resources Inc. 7.72% 12,125,000 $125.9M Add +8.7%
SWN Southwestern Energy Co. 7.24% 17,548,000 $118.1M No change
AR Antero Resources Corp. 7.04% 3,520,822 $114.9M Reduce -11.6%
ETRN Equitrans Midstream Corp. 6.05% 7,603,115 $98.7M No change
CHRD Chord Energy Corp. 5.00% 485,998 $81.5M Add +872.0%
MT Arcelormittal-NY Registered 3.57% 2,540,000 $58.2M No change
VAL Valaris Ltd. 2.90% 635,000 $47.3M No change
NE Noble Corp. PLC 2.72% 993,541 $44.4M No change
SU Suncor Energy Inc. 2.49% 1,066,353 $40.6M No change
CTRA Coterra Energy Inc. 2.14% 1,306,257 $34.8M No change
MUR Murphy Oil Corp. 2.02% 800,000 $33.0M No change
PR Permian Resources Corp. Class A 1.74% 1,755,591 $28.4M No change
BTU Peabody Energy Corp. 1.62% 1,197,000 $26.5M Reduce -34.2%
GPK Graphic Packaging Holding Co. 1.49% 930,000 $24.4M Add +24.7%
CNX CNX Resources Corp. 1.19% 796,358 $19.4M No change
PBR.A Petroleo Brasil-SP Pref ADR 1.11% 1,325,000 $18.1M No change
DINO HF Sinclair Corp. 0.98% 299,172 $16.0M No change
WFG West Fraser Timber Co. Ltd. 0.88% 187,452 $14.4M Add +38.9%
PALL Abrdn Physical Palladium SHS 0.82% 150,000 $13.4M No change
PAGP Plains GP Holdings LP 0.44% 379,945 $7.2M No change
OXY Occidental Petroleum Corp. 0.32% 84,000 $5.3M New
NXE Nexgen Energy Ltd. 0.20% 467,000 $3.3M No change
GM General Motors Co. 0.20% 70,000 $3.3M No change
ENVX Enovix Corp. 0.06% 65,000 $1.0M No change
SPPP Sprott Physical Platinum And 0.04% 70,030 $684K No change

Options reported separately and not counted above: RUN puts ($77.1M), NOVAQ puts ($10.6M).

Portfolio Sells Q1 2024 → Q2 2024
ERF Enerplus Corp. Sold out 0.00% −6.45
WRK Westrock Co. Sold out 0.00% −1.83
MPC Marathon Petroleum Corp. Sold out 0.00% −1.31
VLO Valero Energy Corp. Sold out 0.00% −1.16
BTU Peabody Energy Corp. Reduce -34.2% 1.62% −0.99
OLN Olin Corp. Sold out 0.00% −0.37
AR Antero Resources Corp. Reduce -11.6% 7.04% +0.21

Portfolio Buys Q1 2024 → Q2 2024
CHRD Chord Energy Corp. Add +872.0% 5.00% +4.47
X United States Steel Corp. Add +68.2% 9.86% +3.75
CRK Comstock Resources Inc. Add +8.7% 7.72% +1.59
RRC Range Resources Corp. Add +3.2% 12.50% +0.50
OXY Occidental Petroleum Corp. New 0.32% +0.32
GPK Graphic Packaging Holding Co. Add +24.7% 1.49% +0.21
WFG West Fraser Timber Co. Ltd. Add +38.9% 0.88% +0.19

Options Activity Q1 2024 → Q2 2024
PLUG Plug Power Inc. put Sold out 6,415,000 $22.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2024 22$1.3BRRC, CRK, X, HCC, NXT
Q3 2024 23$1.4BRRC, HCC, X, CRK, NE
Q2 2024Amended 29$1.6BRRC, X, HCC, DO, CRK
Q1 2024 33$1.7BRRC, HCC, SWN, AR, DO