Institutional Manager · CIK 0001728850
LSP Investment Advisors, LLC
New York, NY · File #028-18583
Latest AUM
$188.1M
Positions
21
Top-10 Concentration
91.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SPDR S&P 500 ETF TR | SPY | -33,226 | -$22.7M | +$808,879 |
| ADD | EXPAND ENERGY CORPORATION | EXE | +190,300 | +$21.0M | +$1.3M |
| ADD | GULFPORT ENERGY CORP | GPOR | +62,200 | +$12.9M | +$1.3M |
| ADD | EQT CORP | EQT | +49,000 | +$2.6M | -$593,865 |
| ADD | ANTERO RESOURCES CORP | AR | +25,900 | +$892,514 | +$147,240 |
| ADD | COMSTOCK RES INC | LODE | +31,000 | +$718,580 | +$1.3M |
| EXITED | DOMINION ENERGY INC | 25746U109 | -3,350 | -$204,920 | $0 |
| REDUCE | ALPHABET INC | GOOG | 0 | $0 | +$1.5M |
| REDUCE | AMAZON COM INC | AMZN | 0 | $0 | +$159,750 |
| REDUCE | BATTALION OIL CORP | BATL | 0 | $0 | -$189,581 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202521 pos · $188.1M
- 13F HOLDINGS REPORTQ/E Sep 202522 pos · $166.4M
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $139.4M
- 13F HOLDINGS REPORTQ/E Mar 202521 pos · $116.4M
- 13F HOLDINGS REPORTQ/E Dec 202421 pos · $143.3M
- 13F HOLDINGS REPORTQ/E Sep 202426 pos · $185.7M
- 13F HOLDINGS REPORTQ/E Jun 202427 pos · $176.1M
- 13F HOLDINGS REPORTQ/E Mar 202426 pos · $185.5M
- 13F HOLDINGS REPORTQ/E Dec 202323 pos · $202.9M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 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% |