Webs Creek Capital Management LP

Key Holdings

The portfolio is heavily weighted toward its top-tier assets, with the top three holdings—OVV (OVINTIV INC), VNOM (VIPER ENERGY INC), and PR (PERMIAN RESOURCES CORP)—each commanding between 10% and 13.3% of the total portfolio value. Together, these three positions account for roughly 37% of the fund's assets, signaling strong conviction in the Permian basin and North American energy production.

Following the top three, the portfolio maintains significant weight in the energy services and equipment sector. WEATHERFORD INTL PLC (10.56%) and TECHNIPFMC PLC (9.05%) represent the fourth and fifth largest holdings, respectively. The inclusion of BKR (BAKER HUGHES COMPANY) at 9.03% further cements the strategy of pairing upstream producers with services companies. The largest position outside the immediate top tier is EXPRO GROUP HOLDINGS NV at 8.31%. The concentration risk is notable, as the top five positions comprise over 56% of the total portfolio value.