Managers / Q1 2026
USCF Advisers LLC
CIK 0001633971 · 1850 MT. DIABLO BLVD., SUITE 640, WALNUT CREEK, CA, 94596 · 510-522-9600
Summary
Uscf Advisers LLC reported $176,928 in U.S.-listed holdings across 1 positions for Q1 2026.
The portfolio is heavily concentrated: BITU alone accounts for 100.0% of reported value.
Compared with Q4 2025, the fund opened 0 new positions and exited 19.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 100.0% · $176,928
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BITUPROSHARES ULTRA BITCOIN ETF | ADDED | +9.3K | 15.2K | +$46,597 | $176,928 |
| MPMP MATERIALS CORP | SOLD OUT | −1.4K | 0 | −$70,728 | $0 |
| CSIQCANADIAN SOLAR INC | SOLD OUT | −2.5K | 0 | −$59,425 | $0 |
| FSLRFIRST SOLAR INC | SOLD OUT | −200 | 0 | −$52,246 | $0 |
| EAFGRAFTECH INTERNATIONAL LTD | SOLD OUT | −2.2K | 0 | −$34,432 | $0 |
| ARRYARRAY TECHNOLOGIES INC | SOLD OUT | −3.5K | 0 | −$32,270 | $0 |
| ALBALBEMARLE CORP | SOLD OUT | −200 | 0 | −$28,288 | $0 |
| RUNSUNRUN INC | SOLD OUT | −1.3K | 0 | −$23,920 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BITUPROSHARES ULTRA BITCOIN ETFhistory → | COMMON | 100.00% | $176,928 | 15.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $176,928 | 1 | May 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $526,321 | 20 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $995,950 | 20 | Oct 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1M | 20 | Jul 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1M | 20 | Apr 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $994,940 | 21 | Jan 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $1M | 22 | Nov 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $997,078 | 22 | Aug 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $1M | 22 | Apr 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $397,961 | 21 | Feb 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $231,877 | 19 | Nov 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $70,277 | 4 | Jul 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $66,443 | 4 | May 8, 2023 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- MILLER HOWARD INVESTMENTS INC /NY028-03692
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.