Greenfield Seitz Capital Management, LLC

Key Holdings

The portfolio is characterized by a high-conviction top-tier, with the largest positions commanding substantial weight.

• Cenovus Energy (CVE) is the dominant holding, comprising 14.64% of the portfolio ($22.77M). This outsized position signals strong conviction in the energy sector, specifically in integrated oil and gas.
• NVIDIA (NVDA) remains a key technology anchor, representing 9.41% ($14.63M). Despite a minor reduction in shares during the quarter, it remains the second-largest position, indicating continued belief in the AI infrastructure theme.
• SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is the third-largest holding at 8.98% ($13.97M). A massive 111.7% increase in this position suggests the firm is raising liquidity or hedging volatility, moving capital into short-term government debt.
• Barrick Gold Corp (B) entered as a major new position, immediately securing the fourth spot with a 6.93% allocation ($10.78M).
• Eaton Corp (ETN) rounds out the top five, offering industrial diversification at 6.89% ($10.72M).