GeoSphere Capital Management, LLC
CIK 1426876 · View on SEC EDGAR ↗
- Portfolio value
- $306.3M
- Positions
- 46
- As of
- June 30, 2026
#5,130 of 9,443 by 13F value · top 54.3%
Portfolio value QoQ: +33.9% 13F does not disclose cash
- Top 10 holdings weight
- 62.63%
- Top 25 holdings weight
- 86.98%
- Positions above 1%
- 26
- Effective number of positions
- 18.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 16.74% Est. buys $109,320,630 · sells $44,799,861
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 43.0% still held
- New positions
- 16
- Increased
- 18
- Decreased
- 6
- Closed
- 12
Put-notional exposure: 35.3% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +59.9% · S&P 500: +28.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 93.5% · Options excluded: 35.2%
Sector breakdown
Energy
41.9%
Materials
6.0%
Industrials
5.5%
Technology
4.6%
Utilities
0.9%
Real Estate
0.3%
Other/Unmapped
40.9%
Full portfolio 46 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $37,338,500 | 12.19% | 50,000 | Put option | $5,471,840 | Up ×1 | |
| QQQ Invesco QQQ Trust, Series 1 | $33,138,000 | 10.82% | 45,000 | Put option | $2,374,306 | Down ×1 | |
| IWM | $27,040,500 | 8.83% | 90,000 | Put option | |||
| NESR National Energy Services Reunited Corp - Ordinary Shares | $23,931,370 | 7.81% | 799,578 | $12,131,930 | Up ×1 | ||
| BKV BKV Corporation Common Stock | $15,915,011 | 5.20% | 581,689 | $466,041 | Up ×1 | ||
| WULF TeraWulf Inc. - Common Stock | $12,907,578 | 4.21% | 522,574 | $6,866,603 | Up ×2 | ||
| CNR Core Natural Resources, Inc. Common Stock | $12,637,239 | 4.13% | 157,926 | $-1,807,751 | Up ×4 | ||
| FLR Fluor Corporation Common Stock | $10,897,120 | 3.56% | 208,000 | $5,858,920 | Up ×1 | ||
| SEI Solaris Energy Infrastructure, Inc. Class A Common Stock | $9,282,348 | 3.03% | 115,366 | $4,458,315 | Up ×1 | ||
| VIST Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value | $8,770,777 | 2.86% | 137,473 | $-662,973 | Up ×1 | ||
| CCJ Cameco Corporation Common Stock | $7,065,315 | 2.31% | 69,363 | $617,900 | Up ×1 | ||
| Unknown issuer (CUSIP: 40445M100) | $7,027,500 | 2.29% | 375,000 | Up ×1 | |||
| ARIS Aris Mining Corporation Common Shares | $6,262,200 | 2.04% | 420,000 | $3,476,700 | Up ×1 | ||
| KOS Kosmos Energy Ltd. Common Shares (DE) | $5,937,093 | 1.94% | 2,813,788 | $269,262 | Up ×1 | ||
| BORR Borr Drilling Limited Common Shares | $5,374,621 | 1.75% | 1,301,361 | $3,181,386 | Up ×1 | ||
| USO | $5,322,000 | 1.74% | 50,000 | Call option | Up ×1 | ||
| DK Delek US Holdings, Inc. Common Stock | $5,219,051 | 1.70% | 102,717 | $1,162,751 | Up ×1 | ||
| EFA | $5,194,000 | 1.70% | 50,000 | Put option | Up ×1 | ||
| LBRT Liberty Energy Inc. Class A common stock | $4,550,984 | 1.49% | 173,768 | $698,466 | Up ×1 | ||
| GNRC Generac Holdlings Inc. Common Stock | $4,392,150 | 1.43% | 15,000 | Up ×1 | |||
| VLO Valero Energy Corporation Common Stock | $4,167,040 | 1.36% | 16,000 | Up ×1 | |||
| CVE Cenovus Energy Inc Common Stock | $4,008,006 | 1.31% | 161,548 | $-277,862 | |||
| HAFN Hafnia Limited Common Shares | $3,486,000 | 1.14% | 525,000 | $1,472,000 | Up ×1 | ||
| IBIT iShares Bitcoin Trust ETF | $3,329,000 | 1.09% | 100,000 | Put option | Up ×1 | ||
| INVX Innovex International, Inc. Common Stock | $3,250,437 | 1.06% | 131,066 | $362,076 | Up ×2 | ||
| FNV Franco-Nevada Corporation | $3,126,600 | 1.02% | 15,000 | ||||
| DNN | $2,989,944 | 0.98% | 977,106 | $-459,240 | |||
| OII Oceaneering International, Inc. Common Stock | $2,823,798 | 0.92% | 69,689 | $-1,432,602 | Down ×1 | ||
| HNRG Hallador Energy Company - Common Stock | $2,608,500 | 0.85% | 150,000 | ||||
| URG | $2,550,690 | 0.83% | 1,875,507 | $-988,815 | Down ×1 | ||
| B Barrick Mining Corporation Common Shares | $2,516,887 | 0.82% | 68,524 | $-278,207 | |||
| TRMD TORM plc - Class A Common Stock | $2,345,400 | 0.77% | 90,000 | Up ×1 | |||
| CF CF Industries Holdings, Inc. Common Stock | $2,165,200 | 0.71% | 20,000 | $-907,723 | Down ×1 | ||
| AR Antero Resources Corporation Common Stock | $2,108,400 | 0.69% | 60,000 | ||||
| GLNG Golar LNG Limited - Common Shares | $1,993,600 | 0.65% | 40,000 | $-170,800 | |||
| NXE Nexgen Energy Ltd. Common Shares | $1,921,720 | 0.63% | 204,656 | $-452,290 | |||
| IAG Iamgold Corporation Ordinary Shares | $1,742,400 | 0.57% | 110,000 | $6,123 | Up ×1 | ||
| NVGS Navigator Holdings Ltd. Ordinary Shares (Marshall Islands) | $1,713,960 | 0.56% | 92,000 | $-64,400 | |||
| BE Bloom Energy Corporation Class A Common Stock | $1,513,500 | 0.49% | 5,000 | ||||
| CENX Century Aluminum Company - Common Stock | $1,472,320 | 0.48% | 32,000 | $-3,340,260 | Down ×1 | ||
| SCZM Santacruz Silver Mining Ltd. - Common Shares | $1,298,000 | 0.42% | 200,000 | Up ×1 | |||
| PAAS Pan American Silver Corp. Common Stock | $1,119,750 | 0.37% | 25,000 | $249,276 | Up ×1 | ||
| MSTR Strategy Inc - Class A Common Stock | $1,095,318 | 0.36% | 12,600 | Put option | |||
| DHT DHT Holdings, Inc. | $991,800 | 0.32% | 60,000 | ||||
| FRMI Fermi Inc. - Common Stock | $916,000 | 0.30% | 100,000 | Put option | Up ×1 | ||
| LPG Dorian LPG Ltd. Common Stock | $869,500 | 0.28% | 25,000 | $-1,182,500 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| CNR | $12,637,239 | 4.13% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IWM | $27,040,500 | 90,000 | 8.83% |
| Unknown issuer (CUSIP: 40445M100) | $7,027,500 | 375,000 | 2.29% |
| USO | $5,322,000 | 50,000 | 1.74% |
| EFA | $5,194,000 | 50,000 | 1.70% |
| GNRC | $4,392,150 | 15,000 | 1.43% |
| VLO | $4,167,040 | 16,000 | 1.36% |
| IBIT | $3,329,000 | 100,000 | 1.09% |
| FNV | $3,126,600 | 15,000 | 1.02% |
| HNRG | $2,608,500 | 150,000 | 0.85% |
| TRMD | $2,345,400 | 90,000 | 0.77% |
| AR | $2,108,400 | 60,000 | 0.69% |
| BE | $1,513,500 | 5,000 | 0.49% |
| SCZM | $1,298,000 | 200,000 | 0.42% |
| MSTR | $1,095,318 | 12,600 | 0.36% |
| DHT | $991,800 | 60,000 | 0.32% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| NESR | Bought more | +250K | +$12.1M |
| WULF | Bought more | +104K | +$6.9M |
| FLR | Bought more | +100K | +$5.9M |
| SPY | Bought more | +1K | +$5.5M |
| SEI | Bought more | +30K | +$4.5M |
| ARIS | Bought more | +270K | +$3.5M |
| CENX | Trimmed | -50K | -$3.3M |
| BORR | Bought more | +921K | +$3.2M |
| QQQ | Trimmed | -8K | +$2.4M |
| CNR | Bought more | +20K | -$1.8M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| GDXJ | March 31, 2026 | 240,000 | $27,307,200 | No longer tracked |
| MSTR | March 31, 2026 | 104,400 | $15,863,580 | -3.5% |
| IWM | June 30, 2025 | 45,000 | $8,977,050 | No longer tracked |
| LEU | March 31, 2026 | 32,400 | $7,865,424 | 4.7% |
| CEIX | March 31, 2025 | 70,000 | $7,467,600 | No longer tracked |
| NEM | March 31, 2026 | 74,500 | $7,438,825 | 20.9% |
| EE | March 31, 2026 | 205,000 | $5,750,250 | 18.4% |
| FANG | March 31, 2025 | 35,000 | $5,734,050 | 32.3% |
| HUT | March 31, 2026 | 115,000 | $5,283,100 | 88.2% |
| GLNG | Dec. 31, 2025 | 120,000 | $4,849,200 | 43.2% |
| FCX | March 31, 2026 | 95,000 | $4,825,050 | 31.2% |
| PUMP | June 30, 2026 | 324,369 | $4,674,157 | -20.9% |
| MEOH | June 30, 2026 | 70,000 | $4,167,800 | 29.0% |
| KGS | March 31, 2025 | 100,000 | $4,083,000 | 63.0% |
| BTU | June 30, 2026 | 121,959 | $4,018,549 | 19.2% |
| BE | March 31, 2026 | 46,000 | $3,996,940 | 52.1% |
| EQT | March 31, 2026 | 72,000 | $3,859,200 | -15.4% |
| ORLA | Dec. 31, 2025 | 356,342 | $3,848,494 | No longer tracked |
| GNK | June 30, 2025 | 280,422 | $3,746,438 | 104.4% |
| WULF | March 31, 2025 | 650,000 | $3,679,000 | 527.8% |
| GDX | June 30, 2026 | 40,000 | $3,670,800 | No longer tracked |
| PSX | Sept. 30, 2025 | 30,000 | $3,579,000 | 78.7% |
| BTDR | March 31, 2025 | 165,000 | $3,575,550 | 32.0% |
| GPOR | March 31, 2026 | 17,000 | $3,535,830 | -17.3% |
| LPG | Sept. 30, 2025 | 140,000 | $3,413,200 | 73.6% |
| COP | Sept. 30, 2025 | 37,500 | $3,365,250 | 43.2% |
| WFRD | March 31, 2026 | 42,500 | $3,326,050 | -2.8% |
| CENX | June 30, 2025 | 177,174 | $3,288,349 | 149.5% |
| EU | March 31, 2026 | 1,300,000 | $3,224,000 | -37.5% |
| PAAS | Dec. 31, 2025 | 80,000 | $3,098,400 | 1.5% |
| XPRO | Dec. 31, 2025 | 250,000 | $2,970,000 | 41.5% |
| WPM | March 31, 2026 | 25,000 | $2,938,000 | 18.6% |
| MOS | Sept. 30, 2025 | 80,000 | $2,918,400 | -31.5% |
| GDXJ | Sept. 30, 2025 | 42,735 | $2,888,459 | No longer tracked |
| SBSW | March 31, 2026 | 200,000 | $2,850,000 | 3.3% |
| KGC | March 31, 2025 | 306,600 | $2,842,182 | 158.1% |
| INVX | March 31, 2025 | 200,000 | $2,794,000 | 64.2% |
| FRO | June 30, 2026 | 80,000 | $2,788,800 | 27.2% |
| INSW | Dec. 31, 2025 | 60,000 | $2,764,800 | 107.8% |
| GLNG | March 31, 2025 | 65,000 | $2,750,800 | 40.2% |
| LBRT | March 31, 2025 | 125,000 | $2,486,250 | 21.8% |
| STNG | March 31, 2025 | 50,000 | $2,484,500 | 111.0% |
| PTEN | June 30, 2025 | 300,000 | $2,466,000 | 108.4% |
| OKLO | Dec. 31, 2025 | 22,075 | $2,464,232 | -40.1% |
| AR | March 31, 2025 | 70,000 | $2,453,500 | -6.8% |
| AEM | March 31, 2026 | 14,300 | $2,424,279 | 6.8% |
| CNQ | Sept. 30, 2025 | 75,000 | $2,355,000 | 60.3% |
| UEC | March 31, 2025 | 350,000 | $2,341,500 | No longer tracked |
| EXE | Sept. 30, 2025 | 20,000 | $2,338,800 | -10.3% |
| RRC | June 30, 2025 | 55,000 | $2,196,150 | 0.1% |
| CNQ | March 31, 2025 | 70,000 | $2,160,900 | 66.3% |
| FRO | June 30, 2025 | 145,471 | $2,160,244 | 169.8% |
| MTDR | March 31, 2025 | 38,000 | $2,137,880 | 14.6% |
| KOS | March 31, 2025 | 625,000 | $2,137,500 | 32.2% |
| FPS | June 30, 2026 | 72,854 | $2,132,437 | -39.5% |
| PR | June 30, 2026 | 100,000 | $2,132,000 | 29.3% |
| PR | Sept. 30, 2025 | 150,000 | $2,043,000 | 86.0% |
| ECO | June 30, 2026 | 40,000 | $2,023,600 | 30.4% |
| WBI | Dec. 31, 2025 | 80,000 | $2,017,600 | 62.3% |
| ORLA | June 30, 2026 | 124,178 | $2,002,991 | No longer tracked |
| CHRD | Sept. 30, 2025 | 20,000 | $1,937,000 | 50.3% |
| PBF | June 30, 2026 | 40,000 | $1,904,800 | 56.5% |
| DHT | March 31, 2026 | 155,000 | $1,892,550 | 10.0% |
| URG | Dec. 31, 2025 | 1,050,000 | $1,879,500 | No longer tracked |
| LEU | June 30, 2025 | 30,000 | $1,866,300 | -0.8% |
| LBRT | Dec. 31, 2025 | 150,000 | $1,851,000 | 4.4% |
| HAFN | March 31, 2025 | 330,000 | $1,838,100 | 96.9% |
| NMM | Dec. 31, 2025 | 40,000 | $1,802,000 | 68.4% |
| DNN | March 31, 2025 | 1,000,000 | $1,800,000 | No longer tracked |
| CORZ | Dec. 31, 2025 | 100,000 | $1,794,000 | 30.9% |
| SIL | Dec. 31, 2025 | 25,000 | $1,790,750 | No longer tracked |
| FNV | Dec. 31, 2025 | 8,000 | $1,783,280 | 27.2% |
| BTU | June 30, 2025 | 125,000 | $1,693,750 | 105.3% |
| FANG | March 31, 2026 | 11,250 | $1,691,212 | 7.0% |
| BP | June 30, 2025 | 49,550 | $1,674,294 | 51.1% |
| METC | Dec. 31, 2025 | 50,000 | $1,659,500 | -35.1% |
| TTI | March 31, 2026 | 175,000 | $1,639,750 | -14.6% |
| CIVI | Dec. 31, 2025 | 50,000 | $1,625,000 | No longer tracked |
| HCC | June 30, 2026 | 15,000 | $1,397,250 | 32.4% |
| GNK | Dec. 31, 2025 | 75,000 | $1,335,000 | 45.0% |
| GDX | Dec. 31, 2025 | 15,202 | $1,161,433 | No longer tracked |
| PPTA | June 30, 2026 | 40,582 | $1,141,166 | 22.9% |
| SOC | Dec. 31, 2025 | 64,717 | $1,129,959 | -40.5% |
| NESRW | Sept. 30, 2025 | 1,333,344 | $736,006 | No longer tracked |
| NKLR | March 31, 2026 | 150,000 | $693,000 | 28.9% |
| NVGS | June 30, 2025 | 48,512 | $645,695 | 58.1% |
| HL | March 31, 2026 | 31,951 | $613,140 | 11.6% |
| HNRG | Sept. 30, 2025 | 30,000 | $474,900 | -18.4% |
| OKLO | March 31, 2025 | 17,173 | $364,583 | 98.6% |
| TMC | Sept. 30, 2025 | 50,000 | $330,000 | -33.4% |
| IWM | Dec. 31, 2025 | 1,000 | $241,960 | No longer tracked |
| TMQ | Sept. 30, 2025 | 150,000 | $202,500 | No longer tracked |