In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), KGH Ltd reported 23 stock positions worth $1.4 billion . Its top holding was Range Resources (RRC) at 13.5% of the portfolio, followed by Warrior Met Coal (HCC, 11.7% ) and United States Steel (X, 10.9% ). Compared with Q2 2024, it opened 2 new positions, sold out of 8, added to 10 and reduced 4. The biggest buy was a new position in Nextpower (NXT) and the biggest sale an exit from Diamond Offshore Drilling (DO).
Location NASSAU, C5
CIK 0001549641
Portfolio Value $1.4B (Q3 2024) Holdings 23 stocks · $1.4B Holdings quarter Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 RRC Range Resources Corp. 6,210,000 $191.0M Add +2.1% HCC Warrior Met Coal Inc. 2,591,350 $165.6M Add +2.8% X United States Steel Corp. 4,372,539 $154.5M Add +2.8% CRK Comstock Resources Inc. 12,125,000 $135.0M No change NE Noble Corp. PLC 3,055,090 $110.4M Add +207.5% MT Arcelormittal-NY Registered 3,822,400 $100.4M Add +50.5% AR Antero Resources Corp. 2,954,000 $84.6M Reduce -16.1% NXT Nextpower Inc. filed as NEXTRACKER INC 2,111,000 $79.1M New CHRD Chord Energy Corp. 485,998 $63.3M No change EQT Eqt Corp. 1,441,000 $52.8M New VAL Valaris Ltd. 902,000 $50.3M Add +42.0% BTU Peabody Energy Corp. 1,197,000 $31.8M No change GPK Graphic Packaging Holding Co. 1,070,400 $31.7M Add +15.1% CTRA Coterra Energy Inc. 1,306,257 $31.3M No change WFG West Fraser Timber Co. Ltd. 307,000 $29.9M Add +63.8% MUR Murphy Oil Corp. 790,432 $26.7M Reduce -1.2% PR Permian Resources Corp. Class A 1,714,048 $23.3M Reduce -2.4% PALL Abrdn Physical Palladium SHS 150,000 $13.7M No change SU Suncor Energy Inc. 338,637 $12.5M Reduce -68.2% PAGP Plains GP Holdings LP 590,000 $10.9M Add +55.3% OXY Occidental Petroleum Corp. 195,000 $10.1M Add +132.1% NXE Nexgen Energy Ltd. 467,000 $3.0M No change SPPP Sprott Physical Platinum And 70,030 $688K No change
Options reported separately and not counted above: TSLA puts ($261.6M), RUN puts ($117.4M).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ DO Diamond Offshore Drilling Inc. Sold out 0.00% −7.96 SWN Southwestern Energy Co. Sold out 0.00% −7.24 ETRN Equitrans Midstream Corp. Sold out 0.00% −6.05 SU Suncor Energy Inc. Reduce -68.2% 0.89% −1.61 CNX CNX Resources Corp. Sold out 0.00% −1.19 PBR.A Petroleo Brasil-SP Pref ADR Sold out 0.00% −1.11 AR Antero Resources Corp. Reduce -16.1% 5.99% −1.05 DINO HF Sinclair Corp. Sold out 0.00% −0.98 GM General Motors Co. Sold out 0.00% −0.20 MUR Murphy Oil Corp. Reduce -1.2% 1.89% −0.13 PR Permian Resources Corp. Class A Reduce -2.4% 1.65% −0.09 ENVX Enovix Corp. Sold out 0.00% −0.06
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ NXT Nextpower Inc. New 5.60% +5.60 NE Noble Corp. PLC Add +207.5% 7.82% +5.10 EQT Eqt Corp. New 3.74% +3.74 MT Arcelormittal-NY Registered Add +50.5% 7.11% +3.54 HCC Warrior Met Coal Inc. Add +2.8% 11.72% +2.02 WFG West Fraser Timber Co. Ltd. Add +63.8% 2.12% +1.23 X United States Steel Corp. Add +2.8% 10.94% +1.08 RRC Range Resources Corp. Add +2.1% 13.52% +1.03 GPK Graphic Packaging Holding Co. Add +15.1% 2.24% +0.75 VAL Valaris Ltd. Add +42.0% 3.56% +0.66 OXY Occidental Petroleum Corp. Add +132.1% 0.71% +0.39 PAGP Plains GP Holdings LP Add +55.3% 0.77% +0.33
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ TSLA Tesla Inc. put New 1,000,000 $261.6M NOVAQ Sunnova Energy International put Sold out 1,900,000 $10.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q4 2024 22 $1.3B RRC, CRK, X, HCC, NXT Q3 2024 23 $1.4B RRC, HCC, X, CRK, NE Q2 2024 Amended 29 $1.6B RRC, X, HCC, DO, CRK Q1 2024 33 $1.7B RRC, HCC, SWN, AR, DO