GeoSphere Capital Management, LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), GeoSphere Capital Management, LLC reported 26 stock positions worth $128.7 million . Its top holding was Zim Integrated Shipping Serv (ZIM) at 10.2% of the portfolio, followed by Weatherford International PL (WFRD, 9.2% ) and Cenovus Energy (CVE, 6.7% ). Compared with Q1 2024, it opened 14 new positions, sold out of 12, added to 3 and reduced 7. The biggest buy was a new position in Zim Integrated Shipping Serv (ZIM) and the biggest sale an exit from Valaris (VAL).
Location MIAMI BEACH, FL
CIK 0001426876
Portfolio Value $128.7M (Q2 2024) Holdings 26 stocks · $128.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 ZIM Zim Integrated Shipping Serv 590,108 $13.1M New WFRD Weatherford International PL 97,000 $11.9M Add +3.2% CVE Cenovus Energy Inc. 436,000 $8.6M No change STNG Scorpio Tankers Inc. 98,000 $8.0M Reduce -18.7% CONSOL ENERGY INC 73,000 $7.4M New AA Alcoa Corp. 167,270 $6.7M Add +44.0% CCJ Cameco Corp. 122,000 $6.0M Reduce -27.8% KGC Kinross Gold Corp. 635,000 $5.3M No change AR Antero Resources Corp. 161,000 $5.3M New CNQ Canadian Natural Resources 145,000 $5.2M New XPRO Expro Group Holdings NV 220,000 $5.0M New HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 415,334 $5.0M Reduce -7.2% BP BP PLC-Spons ADR 135,000 $4.9M New PAAS Pan American Silver Corp. 222,000 $4.4M New HCC Warrior Met Coal Inc. 60,000 $3.8M New TDW Tidewater Inc. 39,491 $3.8M Reduce -53.0% SDRL Seadrill Limited 60,000 $3.1M New ARCH Arch Resources Inc. 20,000 $3.0M New METC Ramaco Resources Inc. Class A 225,202 $2.8M Reduce -51.3% UEC Uranium Energy Corp. 460,000 $2.8M Reduce -57.8% HL Hecla Mining Co. 550,000 $2.7M New EU Encore Energy Corp. 620,000 $2.4M New SLB SLB Ltd. filed as SCHLUMBERGER LTD 50,000 $2.4M Reduce -56.7% NEM Newmont Corp. 49,000 $2.1M New KOS Kosmos Energy Ltd. 316,787 $1.8M Add +5.6% CRK Comstock Resources Inc. 150,000 $1.6M New
Options reported separately and not counted above: SPY puts ($65.3M), SLB calls ($4.7M), XLI puts ($3.7M).
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ VAL Valaris Ltd. Sold out 0.00% −5.21 METC Ramaco Resources Inc. Class A Reduce -51.3% 2.18% −4.31 GDXJ Vaneck Junior Gold Miners Sold out 0.00% −4.04 UEC Uranium Energy Corp. Reduce -57.8% 2.15% −3.99 NXE Nexgen Energy Ltd. Sold out 0.00% −3.89 TDW Tidewater Inc. Reduce -53.0% 2.92% −3.52 SLB SLB Ltd. Reduce -56.7% 1.83% −3.45 EXE Expand Energy Corp. Sold out 0.00% −3.33 BTU Peabody Energy Corp. Sold out 0.00% −2.83 B Barrick Gold Corp. Sold out 0.00% −2.43 DVN Devon Energy Corp. Sold out 0.00% −2.34 SIL Global X Silver Miners ETF Sold out 0.00% −2.29 IE Ivanhoe Electric Inc. / US Sold out 0.00% −2.04 DO Diamond Offshore Drilling Inc. Sold out 0.00% −1.99 NMM Navios Maritime Partners LP Sold out 0.00% −1.78 INSW International Seaways Inc. Sold out 0.00% −1.78 CCJ Cameco Corp. Reduce -27.8% 4.67% −1.44 STNG Scorpio Tankers Inc. Reduce -18.7% 6.19% −1.00 HOS Hornbeck Offshore Services I Reduce -7.2% 3.85% −0.19
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ ZIM Zim Integrated Shipping Serv New 10.17% +10.17 CONSOL ENERGY INC New 5.79% +5.79 AR Antero Resources Corp. New 4.08% +4.08 CNQ Canadian Natural Resources New 4.01% +4.01 XPRO Expro Group Holdings NV New 3.92% +3.92 BP BP PLC-Spons ADR New 3.79% +3.79 PAAS Pan American Silver Corp. New 3.43% +3.43 HCC Warrior Met Coal Inc. New 2.93% +2.93 SDRL Seadrill Limited New 2.40% +2.40 ARCH Arch Resources Inc. New 2.37% +2.37 HL Hecla Mining Co. New 2.07% +2.07 EU Encore Energy Corp. New 1.90% +1.90 AA Alcoa Corp. Add +44.0% 5.17% +1.90 NEM Newmont Corp. New 1.59% +1.59 CRK Comstock Resources Inc. New 1.21% +1.21 WFRD Weatherford International PL Add +3.2% 9.23% +0.18 KOS Kosmos Energy Ltd. Add +5.6% 1.36% −0.13
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 120,000 $65.3M IWM iShares Russell 2000 ETF put Sold out 45,000 $9.5Mbefore exit SLB SLB Ltd. call New 100,000 $4.7M XLB SS Materials Select Sector put Sold out 50,000 $4.6Mbefore exit CVE Cenovus Energy Inc. put Sold out 200,000 $4.0Mbefore exit XLI SS Industrial Select Sector put New 30,000 $3.7M X United States Steel Corp. call Sold out 50,000 $2.0Mbefore exit AA Alcoa Corp. call Sold out 20,900 $706Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 38 $193.0M NESR, BKV, WULF, CNR, FLR Q1 2026 40 $166.2M BKV, CNR, NESR, VIST, CCJ Q4 2025 34 $144.8M NESR, BKV, CNR, CCJ, SEI Q3 2025 40 $131.0M NESR, BKV, CCJ, SEI, CVE Q2 2025 39 $97.5M CCJ, BKV, NESR, SEI, GLNG Q1 2025 28 $85.4M FNV, EQT, NESR, CNR, BKV Q4 2024 30 $99.5M NESR, EQT, CONSOL ENERGY INC, BKV, FANG Q3 2024 33 $120.4M KGC, CONSOL ENERGY INC, CCJ, SBLK, COP Q2 2024 26 $128.7M ZIM, WFRD, CVE, STNG, CONSOL ENERGY INC Q1 2024 24 $119.9M WFRD, CVE, STNG, METC, TDW