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Speculation

Energy

Speculation · High-Moderate risk

Broad selection of companies operating in the energy sector. Extremely exposed to sector concentration risk, and designed for investors wishing to speculate on the energy sector's direction.

Holdings
6
Names in portfolio
Rebalance
Opportunistic
Not calendar-driven
Turnover
Moderate–High
Annualized
Horizon
5+ years
Recommended hold
— Live tracker

Energy

Inception 5/1/2026 · base 100 USD
Latest index
100.61
Total return
0.61%
CAGR
Max drawdown
0.00%
Energy100.61
S&P 500100.11
100100100100101May 2026May 2026
Drag across the chart to zoom · double-click to reset
May 2026May 2026

Value-added index computed from rebalance weights and daily prices. Dashed lines mark rebalances.

— 01

Philosophy

Energy is the input to every economy. After a decade of underinvestment, supply-demand fundamentals favor producers — but cycles are violent and timing matters.

Diversified across upstream producers, midstream pipelines, refiners, and selected energy services. Tilted toward names with strong free cash flow and disciplined capital return.

— 02

How it's built

The repeatable process behind Energy.

  1. 01
    Universe screen

    We start from a defined universe relevant to this strategy and filter for fundamental quality, balance sheet health, and liquidity.

  2. 02
    Fundamental scoring

    Each candidate is scored on financial strength, competitive position, and exposure to integrated oil & gas, e&p, midstream / pipelines dynamics that drive this portfolio.

  3. 03
    Position sizing

    Weights reflect conviction, valuation, and risk contribution — not market cap. Concentration is intentional where it earns its keep.

  4. 04
    Ongoing review

    We re-underwrite each holding continuously and rebalance when the thesis, valuation, or risk profile materially changes.

— 03

Holdings

The exchange-listed stocks held in Energy, with their target allocation. Sector and industry data sourced from Yahoo Finance.

Live from latest rebalance · 5/1/2026

Allocation by stock
  • Petróleo Brasileiro S.A. - Petrobras20.0%
  • Ecopetrol S.A.20.0%
  • Exxon Mobil Corporation20.0%
  • Chevron Corporation20.0%
  • Alliance Resource Partners, L.P.10.0%
  • Black Stone Minerals, L.P.10.0%

Weights reflect the most recent rebalance recorded in our tracker. They drift with market prices between rebalances.

— 04

What it looks like in practice

Three plausible paths from here. Real outcomes will sit somewhere along this distribution.

Bull case
Outperform benchmark

Sector tailwinds and individual catalysts compound over a multi-year window. Concentrated weights drive meaningful relative outperformance.

Base case
Track to benchmark+

Quality screens and disciplined sizing deliver returns roughly in line with — to modestly above — the relevant benchmark over a full cycle.

Bear case
Drawdown with the market

Expect drawdowns consistent with this strategy's high-medium risk profile. The portfolio is built to survive and recover, not to avoid declines.

— 05

Is this you?

An honest fit check. We'd rather you pick the right strategy than the most exciting one.

A good fit if
  • Has a thesis on commodity prices
  • Wants inflation hedge and yield
  • Comfortable with sector concentration
  • Treats this as a tactical allocation
Probably not for you if
  • You need access to this capital within the next 12–24 months
  • You'd panic-sell during a 20%+ drawdown
  • You're looking for guaranteed returns or principal protection
— 06

Historical context

Energy has historically been one of the most volatile sectors, with returns highly dependent on commodity cycles. Periods of underinvestment (like 2014–2020) have historically been followed by extended periods of strong producer returns.

* Past performance does not guarantee future results. All investments carry risk of loss.

— 07

Common questions

How is this portfolio different from an ETF?
Unlike a passive ETF, Energy is actively managed against a specific objective (speculation). Position sizing reflects conviction, not market cap weighting.
How often will my positions change?
We rebalance opportunistically rather than on a fixed calendar. In a typical year you can expect modest turnover; in periods of dislocation, more.
Can I customize the holdings?
Core holdings follow the strategy, but we can accommodate restrictions (e.g. tax-lot preferences, ESG exclusions, single-name caps) on request.
What happens in a market downturn?
This portfolio carries high-medium risk and will participate in market declines. Our discipline is to re-underwrite, not to react — which historically produces better long-term outcomes.

License or access Energy

Subscribe for data access — live holdings, price targets, and API — or license this portfolio to redistribute it under your firm. Self-serve checkout in a minute, or contact us for AUM-based licensing.