SEC 13F Intelligence

Managers / Q4 2024 · view latest →

USCF Advisers LLC

CIK 0001633971 · 1850 MT. DIABLO BLVD., SUITE 640, WALNUT CREEK, CA, 94596 · 510-522-9600

Reported Value
$994,940
Q4 2024
Positions
21
Filings on Record
13
2019–present window
Filed
Jan 14, 2025
original filing

Summary

Uscf Advisers LLC reported $994,940 in U.S.-listed holdings across 21 positions for Q4 2024.

The portfolio is heavily concentrated: ZSB alone accounts for 74.5% of reported value.

Compared with Q3 2024, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Top-10 Concentration
+92.7%
share of reported value
Largest Position
+74.5%
Uscf Sust Battery Metal Fund
New / Exited
4 / 5
positions this quarter

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

13F Reported Value
Q1 ’23: $66,443Q1 ’23Q2 ’23: $70,277Q3 ’23: $231,877Q3 ’23Q4 ’23: $397,961Q1 ’24: $1MQ1 ’24Q2 ’24: $997,078Q3 ’24: $1MQ3 ’24Q4 ’24: $994,940Q1 ’25: $1MQ1 ’25Q2 ’25: $1MQ3 ’25: $995,950Q3 ’25Q4 ’25: $526,321Q1 ’26: $176,928Q1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 74.5%Common Stock: 20.2%Other: 4.1%ADR: 1.2%
  • ETP · 74.5% · $741,026
  • Common Stock · 20.2% · $201,182
  • Other · 4.1% · $40,937
  • ADR · 1.2% · $11,795

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MAXEON SOLAR TECHNOLOGIENEW+1.8K1.8K+$13,806$13,806
BEPCBROOKFIELD RENEWABLE CORPNEW+300300+$8,298$8,298
TPI COMPOSITES INCNEW+4.3K4.3K+$8,127$8,127
AMRCAMERESCO INC-CL ANEW+100100+$2,348$2,348
ARRYARRAY TECHNOLOGIES INCADDED+2.2K3.5K+$12,560$21,140
BROOKFIELD RENEWABLE COR-ASOLD OUT7000$22,862$0
JKSJINKOSOLAR HOLDING CO-ADRSOLD OUT5000$13,410$0
DQDAQO NEW ENERGY CORP-ADRSOLD OUT6000$12,222$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2024

21 positions
#IssuerClass% PortfolioValueShares
1ZSBUSCF SUST BATTERY METAL FUNDhistory →Common74.48%$741,02657.2K
2FSLRFIRST SOLAR INChistory →Common3.54%$35,248200
3CSIQCANADIAN SOLAR INChistory →ADR2.79%$27,8002.5K
4GRAFTECH INTERNATIONAL LTDCommon2.19%$21,79812.6K
5ARRYARRAY TECHNOLOGIES INChistory →Common2.12%$21,1403.5K
6RENEW ENERGY GLOBAL PLC-AADR1.78%$17,7582.6K
7ALBALBEMARLE CORPhistory →Common1.73%$17,216200
8NEENEXTERA ENERGY INChistory →Common1.44%$14,338200
9MAXEON SOLAR TECHNOLOGIEADR1.39%$13,8061.8K
10RUNSUNRUN INChistory →Common1.21%$12,0251.3K
11MPMP MATERIALS CORPhistory →Common1.10%$10,920700
12SQMQUIMICA Y MINERA CHIL-SP ADRhistory →ADR1.10%$10,908300
13ARCADIUM LITHIUM PLCCommon0.94%$9,3731.8K
14BEPCBROOKFIELD RENEWABLE CORPADR0.83%$8,298300
15TPI COMPOSITES INCCommon0.82%$8,1274.3K
16ENPHENPHASE ENERGY INCCommon0.69%$6,868100
17ORAORMAT TECHNOLOGIES INCCommon0.68%$6,772100
18HXLHEXCEL CORPCommon0.63%$6,270100
19AMRCAMERESCO INC-CL ACommon0.24%$2,348100
20TROXTRONOX HOLDINGS PLCADR0.20%$2,014200
21VALEVALE SA-SP ADRADR0.09%$887100

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$176,9281May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$526,32120Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$995,95020Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$1M20Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$1M20Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$994,94021Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1M22Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$997,07822Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$1M22Apr 18, 202413F-HRchanges · EDGAR ↗
Q4 2023$397,96121Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$231,87719Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$70,2774Jul 27, 202313F-HRchanges · EDGAR ↗
Q1 2023$66,4434May 8, 202313F-HRchanges · 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 ↗.