LSP Investment Advisors, LLC

CIK 1728850 · View on SEC EDGAR ↗

Portfolio value
$108.9M
#8,221 of 9,443 by 13F value · top 87.1%
Positions
18
As of
June 30, 2026

Portfolio value QoQ: -20.9% 13F does not disclose cash

Top 10 holdings weight
94.91%
Top 25 holdings weight
100.00%
Positions above 1%
11
Effective number of positions
5.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $0 · sells $17,730,395

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 69.2% still held

New positions
0
Increased
0
Decreased
14
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+6.9%
S&P 500 total return (same window)
+28.1%
Excess return
-21.1%

Annualized: +4.6% · S&P 500: +18.0%

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: 89.9% · Options excluded: 0.0%

Sector breakdown

Energy
68.1%
Communication Services
5.1%
Retail
2.3%
Technology
2.1%
Utilities
1.9%
Financial Services
0.4%
Other/Unmapped
20.1%

Full portfolio 18 positions

Type Streak 8Q trend
EXE Expand Energy Corporation - Common Stock $29,154,993 26.78% 319,717 $-5,943,539
EQT EQT Corporation Common Stock $28,196,051 25.90% 530,300 $-5,552,241
GPOR Gulfport Energy Corporation Common Shares $16,766,360 15.40% 98,800 $-4,136,756
SPY SPY $6,079,436 5.58% 8,152 $-5,733,340 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $5,559,294 5.11% 15,734 $-579,510 Down ×1
EEM $5,473,621 5.03% 80,012 $-706,835 Down ×1
GDX GDX $3,910,724 3.59% 51,832 $-2,559,061 Down ×1
IWM $3,423,928 3.14% 11,396 $-420,072 Down ×1
AMZN Amazon.com, Inc. - Common Stock $2,488,270 2.29% 10,440 $-469,164 Down ×1
MSFT Microsoft Corporation - Common Stock $2,270,946 2.09% 6,088 $-794,062 Down ×1
EWJ $2,057,163 1.89% 22,056 $-476,037 Down ×1
GDXJ $981,321 0.90% 9,988 $-649,302 Down ×1
EXC Exelon Corporation - Common Stock $537,062 0.49% 11,520 $-113,629 Down ×1
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $526,190 0.48% 11,948 $-175,160 Down ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $437,622 0.40% 4,364 $135,197
CEG Constellation Energy Corporation - Common Stock When-Issued $403,353 0.37% 1,624 $-213,231 Down ×1
PEG Public Service Enterprise Group Incorporated Common Stock $319,283 0.29% 3,934 $-113,799 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $284,805 0.26% 2,250 $-115,871 Down ×1

Top movers (QoQ)

Security Action Shares Δ Value Δ
EXE Price move only +0 -$5.9M
SPY Trimmed -10K -$5.7M
EQT Price move only +0 -$5.6M
GPOR Price move only +0 -$4.1M
GDX Trimmed -19K -$2.6M
MSFT Trimmed -2K -$794K
EEM Trimmed -29K -$707K
GDXJ Trimmed -4K -$649K
GOOG Trimmed -6K -$580K
EWJ Trimmed -8K -$476K

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.

SecurityQuarter Shares before Value before Price since exit
XEL March 31, 2025 702,000 $47,399,040 10.9%
SM March 31, 2025 304,191 $11,790,443 26.2%
CRK March 31, 2026 409,900 $9,501,482 -34.1%
AR March 31, 2026 189,500 $6,530,170 -11.2%
BATL March 31, 2026 2,369,769 $2,677,839 No longer tracked
HCC June 30, 2025 45,600 $2,176,032 134.5%
D June 30, 2026 3,350 $207,097 -1.1%
D Dec. 31, 2025 3,350 $204,920 15.3%
OTLY March 31, 2025 161,667 $107,024 43.9%