| TPL Texas Pacific Land Corp. | 12.51% | 165,000 | $182.5M | No change |
| OVV Ovintiv Inc. | 7.82% | 1,515,000 | $114.1M | Add +697.4% |
| NTR Nutrien Ltd. | 7.41% | 815,000 | $108.1M | Add +462.1% |
| LMT Lockheed Martin Corp. | 6.12% | 153,000 | $89.3M | Add +163.8% |
| FCX Freeport-McMoran Inc. | 5.67% | 2,170,000 | $82.6M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 3.58% | 57,000 | $52.2M | No change |
| AVGO Broadcom Inc. | 3.50% | 220,000 | $51.0M | No change |
| PLTR Palantir Technologies Inc. Class A | 3.01% | 135,000 | $43.8M | Reduce -91.4% |
| LEN Lennar Corp. Class A | 1.88% | 60,000 | $27.4M | Reduce -53.9% |
| CCJ Cameco Corp. | 1.76% | 500,000 | $25.7M | No change |
| CVX Chevron Corp. | 1.74% | 175,000 | $25.3M | Add +16.7% |
| META Meta Platforms Inc. Class A | 1.71% | 180,000 | $24.9M | Add +16.1% |
| NVDA Nvidia Corp. | 1.48% | 335,000 | $21.6M | Reduce -61.0% |
| WSM Williams-Sonoma Inc. | 1.40% | 110,000 | $20.4M | No change |
| AFRM Affirm Holdings Inc. | 1.32% | 315,000 | $19.2M | No change |
| XOM Exxon Mobil Corp. | 1.29% | 175,000 | $18.8M | Add +16.7% |
| SCHW Schwab (charles) Corp. | 1.23% | 110,000 | $18.0M | Reduce -40.5% |
| COP Conocophillips | 1.19% | 175,000 | $17.4M | Add +16.7% |
| ADSK Autodesk Inc. | 1.18% | 58,000 | $17.1M | No change |
| ESS Essex Property Trust Inc. | 1.17% | 60,000 | $17.1M | No change |
| KIM Kimco Realty Corp. | 1.17% | 125,000 | $17.0M | Reduce -58.3% |
| APD Air Products & Chemicals Inc. | 1.15% | 58,000 | $16.8M | No change |
| V Visa Inc. Class A | 1.15% | 53,000 | $16.8M | No change |
| FDX FedEx Corp. | 1.14% | 59,000 | $16.6M | Add +1.7% |
| ITW Illinois Tool Works | 1.10% | 63,000 | $16.0M | No change |
| PSX Phillips 66 | 1.09% | 150,000 | $15.9M | Add +100.0% |
| AMGN Amgen Inc. | 1.04% | 58,000 | $15.1M | No change |
| MS Morgan Stanley | 1.02% | 460,000 | $14.9M | Add +148.7% |
| REG Regency Centers Corp. | 1.01% | 250,000 | $14.7M | Add +100.0% |
| CNQ Canadian Natural Resources | 0.95% | 450,000 | $13.9M | Add +40.6% |
| R Ryder System Inc. | 0.94% | 180,000 | $13.7M | Add +125.0% |
| DLR Digital Realty Trust Inc. | 0.91% | 75,000 | $13.3M | No change |
| UBER Uber Technologies Inc. | 0.91% | 220,000 | $13.3M | Add +18.9% |
| CSR Centerspace | 0.91% | 200,000 | $13.2M | No change |
| AVB Avalonbay Communities Inc. | 0.90% | 60,000 | $13.2M | No change |
| DVN Devon Energy Corp. | 0.90% | 400,000 | $13.1M | Add +14.3% |
| AMT American Tower Corp. | 0.88% | 70,000 | $12.8M | Add +75.0% |
| VNOM Viper Energy Inc. | 0.84% | 250,000 | $12.3M | Add +42.9% |
| BHP BHP Group Ltd.-Spon ADR | 0.84% | 250,000 | $12.2M | Add +56.3% |
| RIO Rio Tinto PLC-Spon ADR | 0.81% | 75,000 | $11.8M | Reduce -53.1% |
| MUR Murphy Oil Corp. | 0.80% | 100,000 | $11.7M | Reduce -71.4% |
| CP Canadian Pacific Kansas City | 0.77% | 155,000 | $11.2M | No change |
| FRT Federal Realty Invs Trust | 0.77% | 100,000 | $11.2M | No change |
| PH Parker Hannifin Corp. | 0.72% | 78,000 | $10.5M | Add +23.8% |
| PLD Prologis Inc. | 0.63% | 125,000 | $9.2M | Reduce -16.7% |
| FLR Fluor Corp. | 0.63% | 185,000 | $9.1M | No change |
| OUT Outfront Media Inc. | 0.62% | 225,000 | $9.1M | Reduce -43.8% |
| A Agilent Technologies Inc. | 0.59% | 64,000 | $8.6M | No change |
| BIREF Birchcliff Energy Ltd. | 0.54% | 2,100,000 | $7.9M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.53% | 70,000 | $7.8M | No change |
| DINO HF Sinclair Corp. | 0.53% | 220,000 | $7.7M | Add +2.3% |
| IPGP Ipg Photonics Corp. | 0.50% | 304,000 | $7.3M | Add +375.0% |
| NUE Nucor Corp. | 0.50% | 155,000 | $7.3M | Add +50.5% |
| BP BP PLC-Spons ADR | 0.46% | 225,000 | $6.7M | Add +40.6% |
| WYNN WYNN Resorts Ltd. | 0.41% | 70,000 | $6.0M | No change |
| APA Apa Corp. | 0.40% | 250,000 | $5.8M | Add +38.9% |
| ALB Albemarle Corp. | 0.38% | 65,000 | $5.6M | Add +8.3% |
| UDR Udr Inc. | 0.37% | 125,000 | $5.4M | No change |
| STT State Street Corp. | 0.37% | 55,000 | $5.4M | No change |
| SPG Simon Property Group Inc. | 0.36% | 500,000 | $5.2M | Add +400.0% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.32% | 250,000 | $4.7M | No change |
| HIW Highwoods Properties Inc. | 0.31% | 150,000 | $4.6M | No change |
| BXP BXP Inc. | 0.31% | 60,000 | $4.5M | No change |
| INTC Intel Corp. | 0.30% | 60,000 | $4.4M | Reduce -71.4% |
| WY Weyerhaeuser Co. | 0.29% | 150,000 | $4.2M | No change |
| VNO Vornado Realty Trust | 0.29% | 100,000 | $4.2M | No change |
| VALE Vale SA-SP ADR | 0.24% | 400,000 | $3.5M | Add +100.0% |
| OXY Occidental Petroleum Corp. | 0.19% | 100,000 | $2.8M | Reduce -44.4% |
| ALEX Alexander & Baldwin Inc. | 0.15% | 125,000 | $2.2M | No change |
| SOUHY SOUTH32 - ADR | 0.10% | 45,000 | $1.5M | Reduce -91.0% |