Managers / Q1 2026
LSP Investment Advisors, LLC
CIK 0001728850 · 250 WEST 55TH STREET, 31ST FL, NEW YORK, NY, 10019 · 2126153546
Summary
Lsp Investment Advisors, LLC reported $138M in U.S.-listed holdings across 19 positions for Q1 2026.
The portfolio is heavily concentrated: EXE alone accounts for 25.5% of reported value.
Compared with Q4 2025, the fund opened 1 new position and exited 3.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 76.4% · $105M
- ETP · 23.6% · $32M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| DDOMINION ENERGY INC | NEW | +3.4K | 3.4K | +$207,097 | $207,097 |
| CRKCOMSTOCK RES INC | SOLD OUT | −409.9K | 0 | −$10M | $0 |
| ARANTERO RESOURCES CORP | SOLD OUT | −189.5K | 0 | −$7M | $0 |
| BATLBATTALION OIL CORP | SOLD OUT | −2.37M | 0 | −$3M | $0 |
| EXEEXPAND ENERGY CORPORATION | TRIMMED | −190.0K | 319.7K | −$21M | $35M |
| EQTEQT CORP | TRIMMED | −234.2K | 530.3K | −$7M | $34M |
| GPORGULFPORT ENERGY CORP | TRIMMED | −10.3K | 98.8K | −$2M | $21M |
| MSFTMICROSOFT CORP | HELD | +0 | 8.3K | −$939,366 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EXEEXPAND ENERGY CORPORATIONhistory → | COM | 25.49% | $35M | 319.7K |
| 2 | EQTEQT CORPhistory → | COM | 24.51% | $34M | 530.3K |
| 3 | GPORGULFPORT ENERGY CORPhistory → | COMMON SHARES | 15.18% | $21M | 98.8K |
| 4 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 8.58% | $12M | 18.2K |
| 5 | ISHARES TR | MSCI EMG MKT ETF · RUSSELL 2000 ETF | 7.28% | $10M | 124.3K |
| 6 | VANECK ETF TRUST | GOLD MINERS ETF · JUNIOR GOLD MINE | 5.88% | $8M | 84.1K |
| 7 | GOOGALPHABET INChistory → | CAP STK CL C | 4.46% | $6M | 21.4K |
| 8 | MSFTMICROSOFT CORPhistory → | COM | 2.23% | $3M | 8.3K |
| 9 | AMZNAMAZON COM INChistory → | COM | 2.15% | $3M | 14.2K |
| 10 | ISHARES INC | MSCI JAPAN ETF | 1.84% | $3M | 30.0K |
| 11 | CNPCENTERPOINT ENERGY INC | COM | 0.51% | $701,350 | 16.3K |
| 12 | PEOEXELON CORP | COM | 0.47% | $650,691 | 13.3K |
| 13 | CEGCONSTELLATION ENERGY CORP | COM | 0.45% | $616,584 | 2.2K |
| 14 | PEGPUBLIC SVC ENTERPRISE GROUP | COM | 0.31% | $433,082 | 5.3K |
| 15 | DUKDUKE ENERGY CORP NEW | COM NEW | 0.29% | $400,676 | 3.1K |
| 16 | HOODROBINHOOD MKTS INC | COM CL A | 0.22% | $302,425 | 4.4K |
| 17 | DDOMINION ENERGY INC | COM | 0.15% | $207,097 | 3.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $138M | 19 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $188M | 21 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $166M | 22 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $139M | 20 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $116M | 21 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $143M | 21 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $186M | 26 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $176M | 27 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $186M | 26 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $211M | 26 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $203M | 23 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $178M | 23 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $178M | 24 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $227M | 27 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $236M | 30 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $253M | 32 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $329M | 31 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $234M | 29 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $249M | 26 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $152M | 8 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $130M | 8 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $227M | 8 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $371M | 15 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $297M | 12 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $174M | 16 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $415M | 11 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $391M | 11 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $723M | 25 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $429M | 23 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $377M | 23 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- Gen IV Investment Opportunities, LLC028-17897
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.