In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Nokomis Capital, L.L.C. reported 38 stock positions worth $226.5 million . Its top holding was Applied Digital (APLD) at 8.8% of the portfolio, followed by Vistra (VST, 8.3% ) and Global Ship Lease Class A (GSL, 7.6% ). Compared with Q4 2023, it opened 12 new positions, sold out of 8, added to 6 and reduced 12. The biggest buy was Seadrill (SDRL, shares +6971% ) and the biggest sale an exit from Bluegreen Vacations (BVH).
Location DALLAS, TX
CIK 0001541055
Portfolio Value $226.5M (Q1 2024) Holdings 38 stocks · $226.5M 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 Q4 2023 APLD Applied Digital Corp. 4,637,160 $19.8M Add +57.7% VST Vistra Corp. 269,534 $18.8M Reduce -65.9% GSL Global Ship Lease Inc. Class A 853,423 $17.3M Reduce -13.6% LSEA Landsea Homes Corp. 1,096,475 $15.9M Reduce -4.8% OEC Orion SA 669,050 $15.7M No change GDX Vaneck Gold Miners ETF 446,828 $14.1M Reduce -3.3% SDRL Seadrill Limited 263,384 $13.2M Add +6970.7% FANG Diamondback Energy Inc. 62,674 $12.4M Reduce -15.0% NXE Nexgen Energy Ltd. 1,339,548 $10.4M Add +3.3% AEM Agnico Eagle Mines Ltd. 141,549 $8.4M Add +12.7% BZH Beazer Homes USA Inc. 202,595 $6.6M Add +4.6% NFE New Fortress Energy Inc. 215,749 $6.6M New CNTY Century Casinos Inc. 1,953,657 $6.2M Add +9.3% KRP Kimbell Royalty Partners LP 316,734 $4.9M Reduce -0.1% AR Antero Resources Corp. 157,869 $4.6M No change HBM Hudbay Minerals Inc. 633,922 $4.4M Reduce -0.1% SILJ Amplify Junior Silver Miners 437,547 $4.3M New MNR Mach Natural Resources LP 218,118 $4.2M Reduce -2.1% GDXJ Vaneck Junior Gold Miners 101,615 $3.9M No change ARCH Arch Resources Inc. 23,434 $3.8M Reduce -26.3% ACR Acres Commercial Realty Corp. 265,231 $3.7M New CGAU Centerra Gold Inc. 537,644 $3.2M New AGI Alamos Gold Inc. Class A 204,000 $3.0M New RILY BRC Group Holdings Inc. filed as B. RILEY FINANCIAL INC 131,892 $2.8M Reduce -70.4% TXO Txo Partners LP 153,950 $2.8M No change ROCLU Roth CH Acquisition V Co. 200,100 $2.2M No change LAZYDAYS HLDGS INC 509,649 $2.1M No change GFR Greenfire Resources Ltd. 332,725 $2.0M New URNM Sprott Uranium Miners ETF 39,482 $1.9M Reduce -31.3% AEAEU Altenergy Acquisition Corp. 168,938 $1.8M New ET Energy Transfer LP 92,879 $1.5M Reduce -18.3% TRTX TPG Re Finance Trust Inc. 186,173 $1.4M New GLD SPDR Gold Shares 4,298 $884K No change PPTA Perpetua Resources Corp. 97,633 $406K New SPPP Sprott Physical Platinum And 34,877 $337K New MAG Mag Silver Corp. 28,900 $306K New PSLV Sprott Physical Silver Trust 24,500 $203K No change SKE Skeena Resources Ltd. 33,600 $155K New
Options reported separately and not counted above: SPY puts ($47.1M), GLD calls ($8.7M), GDX calls ($7.1M), SLV calls ($2.8M), GDXJ calls ($1.6M), APLD calls ($1.5M), SILJ calls ($1.3M), DESKTOP METAL INC puts ($1.1M), KGC calls ($551K), AEM calls ($513K), FNKO puts ($289K), VELO3D INC puts ($255K), and 2 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above) Security Class Shares / Principal Value Change MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 30,093 $6K New
Total filed on the 13F, all lines: $226.5M.
Portfolio Sells Q4 2023 → Q1 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 Q4 2023 % Of Portfolio Change To Portfolio ▲ BVH Bluegreen Vacations Holding Sold out 0.00% −5.61 BXC Bluelinx Holdings Inc. Sold out 0.00% −3.98 METC Ramaco Resources Inc. Class A Sold out 0.00% −3.49 VST Vistra Corp. Reduce -65.9% 8.29% −3.44 SIMO Silicon Motion Technol-ADR Sold out 0.00% −3.22 RILY BRC Group Holdings Inc. Reduce -70.4% 1.23% −2.37 ETF MANAGERS TR Sold out 0.00% −1.55 STKS One Group Hospitality Inc. Sold out 0.00% −1.06 AEAE Altenergy Acquisition Corp. Class A Sold out 0.00% −0.71 ARCH Arch Resources Inc. Reduce -26.3% 1.66% −0.37 URNM Sprott Uranium Miners ETF Reduce -31.3% 0.86% −0.21 ERAS Erasca Inc. Sold out 0.00% −0.11 ET Energy Transfer LP Reduce -18.3% 0.65% +0.04 GSL Global Ship Lease Inc. Class A Reduce -13.6% 7.65% +0.11 KRP Kimbell Royalty Partners LP Reduce -0.1% 2.17% +0.33 MNR Mach Natural Resources LP Reduce -2.1% 1.86% +0.44 HBM Hudbay Minerals Inc. Reduce -0.1% 1.96% +0.61 GDX Vaneck Gold Miners ETF Reduce -3.3% 6.24% +0.73 FANG Diamondback Energy Inc. Reduce -15.0% 5.48% +1.08 LSEA Landsea Homes Corp. Reduce -4.8% 7.03% +1.21
Portfolio Buys Q4 2023 → Q1 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 Q4 2023 % Of Portfolio Change To Portfolio ▼ SDRL Seadrill Limited Add +6970.7% 5.85% +5.78 NFE New Fortress Energy Inc. New 2.91% +2.91 SILJ Amplify Junior Silver Miners New 1.92% +1.92 ACR Acres Commercial Realty Corp. New 1.65% +1.65 CGAU Centerra Gold Inc. New 1.40% +1.40 AGI Alamos Gold Inc. Class A New 1.33% +1.33 APLD Applied Digital Corp. Add +57.7% 8.76% +1.13 NXE Nexgen Energy Ltd. Add +3.3% 4.59% +1.10 AEM Agnico Eagle Mines Ltd. Add +12.7% 3.73% +1.08 GFR Greenfire Resources Ltd. New 0.88% +0.88 AEAEU Altenergy Acquisition Corp. New 0.82% +0.82 TRTX TPG Re Finance Trust Inc. New 0.63% +0.63 BZH Beazer Homes USA Inc. Add +4.6% 2.93% +0.42 PPTA Perpetua Resources Corp. New 0.18% +0.18 SPPP Sprott Physical Platinum And New 0.15% +0.15 MAG Mag Silver Corp. New 0.14% +0.14 SKE Skeena Resources Ltd. New 0.07% +0.07 CNTY Century Casinos Inc. Add +9.3% 2.73% −0.63
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -20.9% 90,000 $47.1M GLD SPDR Gold Shares call New 42,300 $8.7M GDX Vaneck Gold Miners ETF call Add +499.7% 223,100 $7.1M SLV iShares Silver Trust call New 122,600 $2.8M QQQ Invesco QQQ Trust Series 1 put Sold out 4,500 $1.8Mbefore exit ETF MANAGERS TR call Sold out 174,400 $1.7Mbefore exit PCT Purecycle Technologies Inc. put Sold out 429,000 $1.7Mbefore exit GDXJ Vaneck Junior Gold Miners call Reduce -37.4% 41,900 $1.6M APLD Applied Digital Corp. call New 359,200 $1.5M SILJ Amplify Junior Silver Miners call New 135,200 $1.3M DESKTOP METAL INC put Reduce -28.0% 1,209,600 $1.1M KGC Kinross Gold Corp. call Add +108.1% 89,900 $551K AEM Agnico Eagle Mines Ltd. call Reduce -73.9% 8,600 $513K FNKO Funko Inc. Class A put New 46,300 $289K VELO3D INC put Add +2.8% 560,400 $255K BRC INC-A put New 24,300 $104K NIKOLA CORP put New 23,500 $24K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 New 30,093 $6K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 Amended 44 $261.9M IAUX, CDE, OGC, HBM, LAD Q1 2026 43 $318.3M IAUX, CDE, LAD, DIA, MGM Q4 2025 46 $346.7M IAUX, DIA, MGM, HBM, GDX Q3 2025 44 $276.2M MGM, IAUX, GDX, CDE, NGD Q2 2025 41 $238.7M MGM, IAUX, SDRL, GDX, BZH Q1 2025 46 $231.8M MGM, CAL, SDRL, MAG, GDX Q4 2024 44 $216.7M CAL, MGM, LSEA, MAG, GDX Q3 2024 44 $223.7M APLD, MGM, GDX, BZH, LSEA Q2 2024 43 $209.4M APLD, GDX, SDRL, BZH, LSEA Q1 2024 38 $226.5M APLD, VST, GSL, LSEA, OEC