LSP Investment Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), LSP Investment Advisors, LLC reported 19 stock positions worth $137.7 million. Its top holding was Expand Energy (EXE) at 25.5% of the portfolio, followed by Eqt (EQT, 24.5%) and Gulfport Energy (GPOR, 15.2%). Compared with Q4 2025, it opened 1 new position, sold out of 3 and reduced 3. The biggest buy was a new position in Dominion Energy (D) and the biggest sale an exit from Comstock Resources (CRK).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001728850
- Portfolio Value
- $137.7M (Q1 2026)
- SEC Filing
- 0001172661-26-002309 ↗ filed May 15, 2026
Holdings Value
Holdings 19 stocks · $137.7M
| EXE Expand Energy Corp. | 25.49% | 319,717 | $35.1M | Reduce -37.3% |
| EQT Eqt Corp. | 24.51% | 530,300 | $33.7M | Reduce -30.6% |
| GPOR Gulfport Energy Corp. | 15.18% | 98,800 | $20.9M | Reduce -9.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.58% | 18,164 | $11.8M | No change |
| GDX Vaneck Gold Miners ETF | 4.70% | 70,500 | $6.5M | No change |
| EEM iShares MSCI Emerging Market | 4.49% | 108,830 | $6.2M | No change |
| GOOG Alphabet Inc. Class C | 4.46% | 21,400 | $6.1M | No change |
| IWM iShares Russell 2000 ETF | 2.79% | 15,500 | $3.8M | No change |
| MSFT Microsoft Corp. | 2.23% | 8,280 | $3.1M | No change |
| AMZN Amazon.com Inc. | 2.15% | 14,200 | $3.0M | No change |
| EWJ iShares MSCI Japan ETF | 1.84% | 30,000 | $2.5M | No change |
| GDXJ Vaneck Junior Gold Miners | 1.18% | 13,584 | $1.6M | No change |
| CNP Centerpoint Energy Inc. | 0.51% | 16,250 | $701K | No change |
| EXC Exelon Corp. | 0.47% | 13,274 | $651K | No change |
| CEG Constellation Energy | 0.45% | 2,208 | $617K | No change |
| PEG Public Service Enterprise GP | 0.31% | 5,350 | $433K | No change |
| DUK Duke Energy Corp. | 0.29% | 3,060 | $401K | No change |
| HOOD Robinhood Markets Inc. Class A | 0.22% | 4,364 | $302K | No change |
| D Dominion Energy Inc. | 0.15% | 3,350 | $207K | New |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| D Dominion Energy Inc. | New | 0.15% | +0.15 |
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 |