Managers / Q1 2025 · view latest →
USCF Advisers LLC
CIK 0001633971 · 1850 MT. DIABLO BLVD., SUITE 640, WALNUT CREEK, CA, 94596 · 510-522-9600
Summary
Uscf Advisers LLC reported $1M in U.S.-listed holdings across 20 positions for Q1 2025.
The portfolio is heavily concentrated: ZSB alone accounts for 80.6% of reported value.
Compared with Q4 2024, the fund opened 0 new positions and exited 1.
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 · 80.6% · $840,554
- Common Stock · 15.8% · $164,442
- Other · 2.0% · $20,715
- ADR · 1.6% · $16,890
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ARCADIUM LITHIUM PLC | SOLD OUT | −1.8K | 0 | −$9,373 | $0 |
| SQMQUIMICA Y MINERA CHIL-SP ADR | ADDED | +100 | 400 | +$4,984 | $15,892 |
| MPMP MATERIALS CORP | ADDED | +100 | 800 | +$8,608 | $19,528 |
| GRAFTECH INTERNATIONAL LTD | HELD | +600 | 13.2K | −$10,256 | $11,542 |
| ZSBUSCF SUST BATTERY METAL FUND | HELD | +0 | 57.2K | +$99,528 | $840,554 |
| FSLRFIRST SOLAR INC | HELD | +0 | 200 | −$9,962 | $25,286 |
| MAXEON SOLAR TECHNOLOGIE | HELD | +0 | 1.8K | −$8,405 | $5,401 |
| CSIQCANADIAN SOLAR INC | HELD | +0 | 2.5K | −$6,175 | $21,625 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ZSBUSCF SUST BATTERY METAL FUNDhistory → | Common | 80.62% | $840,554 | 57.2K |
| 2 | FSLRFIRST SOLAR INChistory → | Common | 2.43% | $25,286 | 200 |
| 3 | CSIQCANADIAN SOLAR INChistory → | Common | 2.07% | $21,625 | 2.5K |
| 4 | MPMP MATERIALS CORPhistory → | Common | 1.87% | $19,528 | 800 |
| 5 | ARRYARRAY TECHNOLOGIES INChistory → | Common | 1.63% | $17,045 | 3.5K |
| 6 | SQMQUIMICA Y MINERA CHIL-SP ADRhistory → | ADR | 1.52% | $15,892 | 400 |
| 7 | RENEW ENERGY GLOBAL PLC-A | ADR | 1.47% | $15,314 | 2.6K |
| 8 | ALBALBEMARLE CORPhistory → | Common | 1.38% | $14,404 | 200 |
| 9 | NEENEXTERA ENERGY INChistory → | Common | 1.36% | $14,178 | 200 |
| 10 | GRAFTECH INTERNATIONAL LTD | Common | 1.11% | $11,542 | 13.2K |
| 11 | BEPCBROOKFIELD RENEWABLE CORP | ADR | 0.80% | $8,376 | 300 |
| 12 | RUNSUNRUN INC | Common | 0.73% | $7,618 | 1.3K |
| 13 | ORAORMAT TECHNOLOGIES INC | Common | 0.68% | $7,077 | 100 |
| 14 | ENPHENPHASE ENERGY INC | Common | 0.60% | $6,205 | 100 |
| 15 | HXLHEXCEL CORP | Common | 0.53% | $5,476 | 100 |
| 16 | MAXEON SOLAR TECHNOLOGIE | ADR | 0.52% | $5,401 | 1.8K |
| 17 | TPI COMPOSITES INC | Common | 0.33% | $3,466 | 4.3K |
| 18 | TROXTRONOX HOLDINGS PLC | ADR | 0.14% | $1,408 | 200 |
| 19 | AMRCAMERESCO INC-CL A | Common | 0.12% | $1,208 | 100 |
| 20 | VALEVALE SA-SP ADR | ADR | 0.10% | $998 | 100 |
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 ↗.