Energy. Metals. Critical Minerals.

Cycle-aware positioning across the physical constraints every version of the future requires — from oil and gas infrastructure to precious metals and rare earth supply chains.

The Commodities Thesis

Why Commodities?

The energy transition and AI infrastructure buildout share a common dependency: physical commodities. Copper, rare earths, natural gas, and oil are not optional inputs — they are structural bottlenecks that no technology roadmap can bypass. GZC’s Commodities pool identifies the companies and instruments that own or control these supply chain constraints, positioning for multi-year cycles driven by geopolitical dynamics, capital expenditure discipline, and transition demand.

Focus Areas

Three Structural Themes

Energy & Midstream

Oil, gas, and pipeline infrastructure with durable cash flows and non-discretionary demand.

Precious Metals

Gold and silver as inflation hedges and industrial inputs with structural monetary and manufacturing demand.

Critical Minerals

Rare earths and materials essential to EV, defense, and semiconductor manufacturing supply chains.

Cycle-Aware|
Long Only|
Energy & Metals|
8–15 Positions
Investor Access

Ready to Learn More?

The Commodities pool is available to qualified investors via separately managed account. Begin the inquiry process to access performance data, the full IPS, and fee schedule.

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