LSP Investment Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), LSP Investment Advisors, LLC reported 21 stock positions worth $143.3 million. Its top holding was Xcel Energy (XEL) at 33.1% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 22.9%) and Expand Energy (EXE, 12.6%). Compared with Q3 2024, it opened 1 new position, sold out of 6, added to 2 and reduced 1. The biggest buy was Expand Energy (EXE, shares +36%) and the biggest sale an exit from Arch Resources (ARCH).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001728850
- Portfolio Value
- $143.3M (Q4 2024)
- SEC Filing
- 0001172661-25-001200 ↗ filed Feb 14, 2025
Holdings Value
Holdings 21 stocks · $143.3M
| XEL Xcel Energy Inc. | 33.08% | 702,000 | $47.4M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 22.90% | 55,990 | $32.8M | Reduce -22.4% |
| EXE Expand Energy Corp. | 12.63% | 181,817 | $18.1M | Add +36.0% |
| SM SM Energy Co. | 8.23% | 304,191 | $11.8M | Add +53.4% |
| EEM iShares MSCI Emerging Market | 3.18% | 108,830 | $4.6M | No change |
| BATL Battalion Oil Corp. | 2.85% | 2,369,769 | $4.1M | No change |
| GOOG Alphabet Inc. Class C | 2.84% | 21,400 | $4.1M | No change |
| MSFT Microsoft Corp. | 2.44% | 8,280 | $3.5M | No change |
| IWM iShares Russell 2000 ETF | 2.39% | 15,500 | $3.4M | No change |
| AMZN Amazon.com Inc. | 2.17% | 14,200 | $3.1M | No change |
| HCC Warrior Met Coal Inc. | 1.73% | 45,600 | $2.5M | New |
| GDX Vaneck Gold Miners ETF | 1.67% | 70,500 | $2.4M | No change |
| EWJ iShares MSCI Japan ETF | 1.41% | 30,000 | $2.0M | No change |
| GDXJ Vaneck Junior Gold Miners | 0.41% | 13,584 | $581K | No change |
| HOOD Robinhood Markets Inc. Class A | 0.40% | 15,364 | $572K | No change |
| CNP Centerpoint Energy Inc. | 0.36% | 16,250 | $516K | No change |
| EXC Exelon Corp. | 0.35% | 13,274 | $500K | No change |
| CEG Constellation Energy | 0.34% | 2,208 | $494K | No change |
| PEG Public Service Enterprise GP | 0.32% | 5,350 | $452K | No change |
| DUK Duke Energy Corp. | 0.23% | 3,060 | $330K | No change |
| OTLY Oatly Group AB | 0.07% | 161,667 | $107K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| ARCH Arch Resources Inc. | Sold out | 0.00% | −13.86 |
| VTLE Vital Energy Inc. | Sold out | 0.00% | −4.25 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.82 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.41 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.40 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -22.4% | 22.90% | +0.59 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $108.9M | EXE, EQT, GPOR, SPY, GOOG |
| Q1 2026 | 19 | $137.7M | EXE, EQT, GPOR, SPY, GDX |
| Q4 2025 | 21 | $188.1M | EXE, EQT, GPOR, SPY, CRK |
| Q3 2025 | 22 | $166.4M | EQT, SPY, EXE, GPOR, CRK |
| Q2 2025 | 20 | $139.4M | SPY, EQT, EXE, CRK, EEM |
| Q1 2025 | 21 | $116.4M | SPY, EQT, EXE, EEM, AR |
| Q4 2024 | 21 | $143.3M | XEL, SPY, EXE, SM, EEM |
| Q3 2024 | 26 | $185.7M | XEL, SPY, ARCH, BATL, EXE |
| Q2 2024 | 27 | $176.1M | SPY, ARCH, XEL, VTLE, SM |
| Q1 2024 | 26 | $185.5M | ARCH, SPY, XEL, BATL, SM |