13F HOLDINGS REPORT
LSP Investment Advisors, LLC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001172661-26-001077
Total Value
$188.1M
Positions
21
Other Managers
1
Confidential Omitted
No
Holdings (21)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | EXPAND ENERGY CORPORATION | EXE | 509,717 | $56.3M | 29.91% |
| 2 | EQT CORP | EQT | 764,500 | $41.0M | 21.79% |
| 3 | GULFPORT ENERGY CORP | GPOR | 109,100 | $22.7M | 12.07% |
| 4 | SPDR S&P 500 ETF TR | SPY | 18,164 | $12.4M | 6.59% |
| 5 | COMSTOCK RES INC | LODE | 409,900 | $9.5M | 5.05% |
| 6 | ALPHABET INC | GOOG | 21,400 | $6.7M | 3.57% |
| 7 | ANTERO RESOURCES CORP | AR | 189,500 | $6.5M | 3.47% |
| 8 | VANECK ETF TRUST | 92189F106 | 70,500 | $6.0M | 3.22% |
| 9 | ISHARES TR | 464287234 | 108,830 | $6.0M | 3.17% |
| 10 | MICROSOFT CORP | MSFT | 8,280 | $4.0M | 2.13% |
| 11 | ISHARES TR | 464287655 | 15,500 | $3.8M | 2.03% |
| 12 | AMAZON COM INC | AMZN | 14,200 | $3.3M | 1.74% |
| 13 | BATTALION OIL CORP | BATL | 2,369,769 | $2.7M | 1.42% |
| 14 | ISHARES INC | 46434G822 | 30,000 | $2.4M | 1.29% |
| 15 | VANECK ETF TRUST | 92189F791 | 13,584 | $1.5M | 0.82% |
| 16 | CONSTELLATION ENERGY CORP | CEG | 2,208 | $780,020 | 0.41% |
| 17 | CENTERPOINT ENERGY INC | CNP | 16,250 | $623,025 | 0.33% |
| 18 | EXELON CORP | EXC | 13,274 | $578,614 | 0.31% |
| 19 | ROBINHOOD MKTS INC | 770700102 | 4,364 | $493,568 | 0.26% |
| 20 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 5,350 | $429,605 | 0.23% |
| 21 | DUKE ENERGY CORP NEW | DUKB | 3,060 | $358,663 | 0.19% |