Corigliano Investment Advisers, LLC

Key Holdings

The portfolio is dominated by large-cap energy names, with Antero Resources Corp (AR) and EQT Corp (EQT) serving as the two largest holdings, comprising 14.49% and 13.31% of the portfolio, respectively. Notably, EQT was the subject of the largest capital injection during the quarter, with an increase of over 5,138%, bringing its position value to $25.66 million. This suggests a massive pivot toward natural gas exposure. Other top-tier positions include Cenovus Energy (CVE) at 9.34% and Valero Energy (VLO) at 6.42%, a new position that immediately became a top-five holding. The portfolio also maintains significant exposure to the maritime energy sector through Frontline Plc (6.73%) and Scorpio Tankers (5.70%). The lack of position in the top 29 list outside of the energy and industrial spheres underscores a focused thematic approach.