KGH Ltd
KGH Ltd reported 23 US-listed holdings worth $1.30 billion in its 13F for the quarter ended 31 December 2024, filed 14 February 2025. Its largest: Range Resources Corp. (17.2%), Comstock Resources Inc. (17.0%) and United States STL Corp. New (12.0%). Against the quarter before, it opened 5 positions, added to 6, trimmed 3 and sold out of 5.
Its latest 13F is for the quarter ended 31 December 2024; it has not filed one for a later quarter.
The 14 largest of its 23 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q3 2024.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Its positions against its 13F for the quarter to 30 September 2024; a change under 0.1% of a position counts as held
Opened 5
- Alcoa Corp. AA$27.1 million
- Steel Dynamics Inc. STLD$5.9 million
- Ypf Sociedad Anonima YPF$4.3 million
- Chesapeake Energy$3.5 million
- SLB Limited SLB$479,250
Added to 6
- Nextpower Inc. NXT+531,785 shares · +25%
- Occidental Petroleum Corp. OXY+371,000 shares · +190%
- United States STL Corp. New+227,461 shares · +5%
- Graphic Packaging Holding Co. GPK+245,600 shares · +23%
- Valaris Ltd. VAL+140,000 shares · +16%
- Plains GP Hldgs L P PAGP+255,000 shares · +43%
Trimmed 3
- Antero Resources Corp. AR-2.5 million shares · -86%
- EQT Corp. EQT-1.2 million shares · -86%
- West Fraser Timber Co. Ltd WFG-153,000 shares · -50%
Sold out of 5
- Peabody Energy Corp. BTU$31.8 million last quarter
- Coterra Energy Inc. CTRA$31.3 million last quarter
- Murphy Oil Corp. MUR$26.7 million last quarter
- Permian Resources Corp. PR$23.3 million last quarter
- Suncor Energy Inc. SU$12.5 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Range Resources Corp. RRC | 6,210,000 | $223.4 million | 17.21% | no change |
| Comstock Resources Inc. CRK | 12,125,000 | $220.9 million | 17.01% | no change |
| United States STL Corp. New | 4,600,000 | $156.4 million | 12.04% | +227,461 |
| Warrior Met Coal, Inc. HCC | 2,591,350 | $140.6 million | 10.82% | no change |
| Nextpower Inc. NXT | 2,642,785 | $96.5 million | 7.43% | +531,785 |
| Noble Corp. plc NE | 3,055,090 | $95.9 million | 7.39% | no change |
| Arcelormittal SA Luxembourg MT | 3,822,400 | $88.4 million | 6.81% | no change |
| Chord Energy Corp. CHRD | 485,998 | $56.8 million | 4.38% | no change |
| Valaris Ltd. VAL | 1,042,000 | $46.1 million | 3.55% | +140,000 |
| Graphic Packaging Holding Co. GPK | 1,316,000 | $35.7 million | 2.75% | +245,600 |
| Occidental Petroleum Corp. OXY | 566,000 | $28.0 million | 2.15% | +371,000 |
| Alcoa Corp. AA | 717,000 | $27.1 million | 2.09% | new |
| Plains GP Hldgs L P PAGP | 845,000 | $15.5 million | 1.20% | +255,000 |
| Antero Resources Corp. AR | 407,000 | $14.3 million | 1.10% | -2,547,000 |
| West Fraser Timber Co. Ltd WFG | 154,000 | $13.3 million | 1.03% | -153,000 |
| Abrdn Palladium ETF Trust PALL | 150,000 | $12.5 million | 0.96% | no change |
| EQT Corp. EQT | 198,000 | $9.1 million | 0.70% | -1,243,000 |
| Steel Dynamics Inc. STLD | 52,000 | $5.9 million | 0.46% | new |
| Ypf Sociedad Anonima YPF | 100,000 | $4.3 million | 0.33% | new |
| Chesapeake Energy | 40,706 | $3.5 million | 0.27% | new |
| Nexgen Energy Ltd NXE | 467,000 | $3.1 million | 0.24% | no change |
| Sprott Physical Plat Pallad SPPP | 70,030 | $622,567 | 0.05% | no change |
| SLB Limited SLB | 12,500 | $479,250 | 0.04% | new |
Read more
Change is shares against its 13F for the quarter before; the 5 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Tesla, Inc. TSLA | Puts | 900,000 | $363.5 million |
| Expand Energy Corp. EXE | Calls | 2,025,000 | $201.6 million |
| Sunrun Inc. RUN | Puts | 6,500,000 | $60.1 million |
3 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.