SEC 13F Intelligence

Managers / Q2 2025 · view latest →

USCF Advisers LLC

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

Reported Value
$1M
Q2 2025
Positions
20
Filings on Record
13
2019–present window
Filed
Jul 23, 2025
original filing

Summary

Uscf Advisers LLC reported $1M in U.S.-listed holdings across 20 positions for Q2 2025.

The portfolio is heavily concentrated: ZSB alone accounts for 77.3% of reported value.

The book was largely unchanged from Q1 2025.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+95.0%
share of reported value
Largest Position
+77.3%
Uscf Sust Battery Metal Fund

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: 77.3%Common Stock: 18.9%Other: 2.3%ADR: 1.5%
  • ETP · 77.3% · $786,990
  • Common Stock · 18.9% · $191,916
  • Other · 2.3% · $23,569
  • ADR · 1.5% · $15,079

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ZSBUSCF SUST BATTERY METAL FUNDHELD−1.7K55.5K−$53,564$786,990
FSLRFIRST SOLAR INCHELD+0200+$7,822$33,108
MPMP MATERIALS CORPHELD+0800+$7,088$26,616
CSIQCANADIAN SOLAR INCHELD+02.5K+$5,975$27,600
ARRYARRAY TECHNOLOGIES INCHELD+03.5K+$3,605$20,650
RUNSUNRUN INCHELD+01.3K+$3,016$10,634
RENEW ENERGY GLOBAL PLC-AHELD+02.6K+$2,652$17,966
ENPHENPHASE ENERGY INCHELD+0100−$2,240$3,965

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

Holdings — Q2 2025

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ZSBUSCF SUST BATTERY METAL FUNDhistory →Common77.34%$786,99055.5K
2FSLRFIRST SOLAR INChistory →COMMON3.25%$33,108200
3CSIQCANADIAN SOLAR INChistory →COMMON2.71%$27,6002.5K
4MPMP MATERIALS CORPhistory →COMMON2.62%$26,616800
5ARRYARRAY TECHNOLOGIES INChistory →COMMON2.03%$20,6503.5K
6RENEW ENERGY GLOBAL PLC-AADR1.77%$17,9662.6K
7SQMQUIMICA Y MINERA CHIL-SP ADRhistory →ADR1.39%$14,108400
8NEENEXTERA ENERGY INChistory →COMMON1.36%$13,884200
9GRAFTECH INTERNATIONAL LTDCOMMON1.26%$12,83813.2K
10ALBALBEMARLE CORPhistory →COMMON1.23%$12,534200
11RUNSUNRUN INChistory →COMMON1.05%$10,6341.3K
12BEPCBROOKFIELD RENEWABLE CORPADR0.97%$9,834300
13ORAORMAT TECHNOLOGIES INCCOMMON0.82%$8,376100
14HXLHEXCEL CORPCOMMON0.56%$5,649100
15MAXEON SOLAR TECHNOLOGIEADR0.55%$5,6031.8K
16ENPHENPHASE ENERGY INCCOMMON0.39%$3,965100
17TPI COMPOSITES INCCOMMON0.36%$3,6954.3K
18AMRCAMERESCO INC-CL ACOMMON0.15%$1,519100
19TROXTRONOX HOLDINGS PLCADR0.10%$1,014200
20VALEVALE SA-SP ADRADR0.10%$971100

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 ↗.