Managers / Q4 2025 · view latest →
LSP Investment Advisors, LLC
CIK 0001728850 · 250 WEST 55TH STREET, 31ST FL, NEW YORK, NY, 10019 · 2126153546
Summary
Lsp Investment Advisors, LLC reported $188M in U.S.-listed holdings across 21 positions for Q4 2025.
The portfolio is heavily concentrated: EXE alone accounts for 29.9% of reported value.
Compared with Q3 2025, the fund opened 0 new positions and exited 1.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 82.9% · $156M
- ETP · 17.1% · $32M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GPORGULFPORT ENERGY CORP | ADDED | +62.2K | 109.1K | +$14M | $23M |
| DDOMINION ENERGY INC | SOLD OUT | −3.4K | 0 | −$204,920 | $0 |
| SPYSPDR S&P 500 ETF TR | TRIMMED | −33.2K | 18.2K | −$22M | $12M |
| EXEEXPAND ENERGY CORPORATION | ADDED | +190.3K | 509.7K | +$22M | $56M |
| ARANTERO RESOURCES CORP | ADDED | +25.9K | 189.5K | +$1M | $7M |
| CRKCOMSTOCK RES INC | ADDED | +31.0K | 409.9K | +$2M | $10M |
| EQTEQT CORP | ADDED | +49.0K | 764.5K | +$2M | $41M |
| GOOGALPHABET INC | HELD | +0 | 21.4K | +$2M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EXEEXPAND ENERGY CORPORATIONhistory → | COM | 29.91% | $56M | 509.7K |
| 2 | EQTEQT CORPhistory → | COM | 21.79% | $41M | 764.5K |
| 3 | GPORGULFPORT ENERGY CORPhistory → | COMMON SHARES | 12.07% | $23M | 109.1K |
| 4 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 6.59% | $12M | 18.2K |
| 5 | EEMISHARES TR | MSCI EMG MKT ETF · RUSSELL 2000 ETF | 5.19% | $10M | 124.3K |
| 6 | CRKCOMSTOCK RES INChistory → | COM | 5.05% | $10M | 409.9K |
| 7 | GDXVANECK ETF TRUST | GOLD MINERS ETF · JUNIOR GOLD MINE | 4.04% | $8M | 84.1K |
| 8 | GOOGALPHABET INChistory → | CAP STK CL C | 3.57% | $7M | 21.4K |
| 9 | ARANTERO RESOURCES CORPhistory → | COM | 3.47% | $7M | 189.5K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 2.13% | $4M | 8.3K |
| 11 | AMZNAMAZON COM INChistory → | COM | 1.74% | $3M | 14.2K |
| 12 | BATLBATTALION OIL CORPhistory → | COM | 1.42% | $3M | 2.37M |
| 13 | EWJISHARES INChistory → | MSCI JAPAN ETF | 1.29% | $2M | 30.0K |
| 14 | CEGCONSTELLATION ENERGY CORP | COM | 0.41% | $780,020 | 2.2K |
| 15 | CNPCENTERPOINT ENERGY INC | COM | 0.33% | $623,025 | 16.3K |
| 16 | EXCEXELON CORP | COM | 0.31% | $578,614 | 13.3K |
| 17 | HOODROBINHOOD MKTS INC | COM CL A | 0.26% | $493,568 | 4.4K |
| 18 | PEGPUBLIC SVC ENTERPRISE GRP IN | COM | 0.23% | $429,605 | 5.3K |
| 19 | DUKDUKE ENERGY CORP NEW | COM NEW | 0.19% | $358,663 | 3.1K |
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 ↗.