In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Nokomis Capital, L.L.C. reported 43 stock positions worth $209.4 million . Its top holding was Applied Digital (APLD) at 15.9% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 6.5% ) and Seadrill (SDRL, 6.0% ). Compared with Q1 2024, it opened 5 new positions, added to 9 and reduced 21. The biggest buy was Applied Digital (APLD, shares +21% ) and the biggest sale Vistra (VST, shares −89% ).
Location DALLAS, TX
CIK 0001541055
Portfolio Value $209.4M (Q2 2024) Holdings 43 stocks · $209.4M 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 APLD Applied Digital Corp. 5,612,385 $33.4M Add +21.0% GDX Vaneck Gold Miners ETF 399,060 $13.5M Reduce -10.7% SDRL Seadrill Limited 244,384 $12.6M Reduce -7.2% BZH Beazer Homes USA Inc. 426,888 $11.7M Add +110.7% LSEA Landsea Homes Corp. 1,194,706 $11.0M Add +9.0% MAG Mag Silver Corp. 876,926 $10.2M Add +2934.3% NXE Nexgen Energy Ltd. 1,248,548 $8.7M Reduce -6.8% GFR Greenfire Resources Ltd. 1,207,725 $8.2M Add +263.0% AEM Agnico Eagle Mines Ltd. 123,675 $8.1M Reduce -12.6% CNTY Century Casinos Inc. 2,544,691 $7.0M Add +30.3% FANG Diamondback Energy Inc. 31,247 $6.3M Reduce -50.1% GSL Global Ship Lease Inc. Class A 215,406 $6.2M Reduce -74.8% HBM Hudbay Minerals Inc. 605,022 $5.5M Reduce -4.6% NFE New Fortress Energy Inc. 215,749 $4.7M No change SILJ Amplify Junior Silver Miners 417,847 $4.7M Reduce -4.5% MNR Mach Natural Resources LP 213,253 $4.1M Reduce -2.2% PTLO Portillo's Inc. Class A 405,032 $3.9M New GDXJ Vaneck Junior Gold Miners 92,515 $3.9M Reduce -9.0% AR Antero Resources Corp. 110,455 $3.6M Reduce -30.0% ARCH Arch Resources Inc. 23,434 $3.6M No change TXO Txo Partners LP 172,895 $3.5M Add +12.3% ACR Acres Commercial Realty Corp. 261,708 $3.3M Reduce -1.3% OEC Orion SA 147,859 $3.2M Reduce -77.9% KRP Kimbell Royalty Partners LP 186,725 $3.1M Reduce -41.0% AGI Alamos Gold Inc. Class A 185,980 $2.9M Reduce -8.8% CGAU Centerra Gold Inc. 433,558 $2.9M Reduce -19.4% VST Vistra Corp. 28,828 $2.5M Reduce -89.3% ROCLU Roth CH Acquisition V Co. 200,100 $2.3M No change MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC 91,270 $2.0M New AEAEU Altenergy Acquisition Corp. 168,938 $1.9M No change TRTX TPG Re Finance Trust Inc. 174,673 $1.5M Reduce -6.2% LAZYDAYS HLDGS INC 509,649 $1.3M No change ET Energy Transfer LP 78,779 $1.3M Reduce -15.2% SPPP Sprott Physical Platinum And 116,177 $1.1M Add +233.1% URNM Sprott Uranium Miners ETF 19,662 $968K Reduce -50.2% RILY BRC Group Holdings Inc. filed as B. RILEY FINANCIAL INC 53,055 $936K Reduce -59.8% GLD SPDR Gold Shares 4,298 $924K No change NMM Navios Maritime Partners LP 15,800 $806K New KREF KKR Real Estate Finance Trus 61,700 $558K New PPTA Perpetua Resources Corp. 97,633 $508K No change MEC Mayville Engineering Co. Inc. 22,960 $383K New PSLV Sprott Physical Silver Trust 37,800 $375K Add +54.3% SKE Skeena Resources Ltd. 33,600 $180K No change
Options reported separately and not counted above: SPY puts ($26.4M), GLD calls ($18.2M), SLV calls ($15.0M), APLD calls ($2.8M), VELO3D INC puts ($1.8M), GDXJ calls ($1.8M), GDX calls ($1.5M), SILJ calls ($1.5M), DM puts ($938K), KGC calls ($457K), FNKO puts ($452K), AEM calls ($307K), and 1 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 No change
Total filed on the 13F, all lines: $209.4M.
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 ▲ VST Vistra Corp. Reduce -89.3% 1.18% −7.10 OEC Orion SA Reduce -77.9% 1.55% −5.40 GSL Global Ship Lease Inc. Class A Reduce -74.8% 2.96% −4.69 FANG Diamondback Energy Inc. Reduce -50.1% 2.99% −2.50 RILY BRC Group Holdings Inc. Reduce -59.8% 0.45% −0.79 KRP Kimbell Royalty Partners LP Reduce -41.0% 1.46% −0.71 NXE Nexgen Energy Ltd. Reduce -6.8% 4.16% −0.43 URNM Sprott Uranium Miners ETF Reduce -50.2% 0.46% −0.40 AR Antero Resources Corp. Reduce -30.0% 1.72% −0.30 ACR Acres Commercial Realty Corp. Reduce -1.3% 1.59% −0.05 ET Energy Transfer LP Reduce -15.2% 0.61% −0.03 CGAU Centerra Gold Inc. Reduce -19.4% 1.39% −0.01 AGI Alamos Gold Inc. Class A Reduce -8.8% 1.39% +0.06 MNR Mach Natural Resources LP Reduce -2.2% 1.94% +0.08 TRTX TPG Re Finance Trust Inc. Reduce -6.2% 0.72% +0.09 GDXJ Vaneck Junior Gold Miners Reduce -9.0% 1.86% +0.12 AEM Agnico Eagle Mines Ltd. Reduce -12.6% 3.86% +0.14 SDRL Seadrill Limited Reduce -7.2% 6.01% +0.16 GDX Vaneck Gold Miners ETF Reduce -10.7% 6.47% +0.23 SILJ Amplify Junior Silver Miners Reduce -4.5% 2.26% +0.34 HBM Hudbay Minerals Inc. Reduce -4.6% 2.61% +0.66
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 ▼ APLD Applied Digital Corp. Add +21.0% 15.95% +7.18 MAG Mag Silver Corp. Add +2934.3% 4.89% +4.75 GFR Greenfire Resources Ltd. Add +263.0% 3.89% +3.02 BZH Beazer Homes USA Inc. Add +110.7% 5.60% +2.67 PTLO Portillo's Inc. Class A New 1.88% +1.88 MLP Maui Land & Pineapple Co. New 0.96% +0.96 CNTY Century Casinos Inc. Add +30.3% 3.37% +0.64 TXO Txo Partners LP Add +12.3% 1.66% +0.44 SPPP Sprott Physical Platinum And Add +233.1% 0.54% +0.39 NMM Navios Maritime Partners LP New 0.39% +0.39 KREF KKR Real Estate Finance Trus New 0.27% +0.27 MEC Mayville Engineering Co. Inc. New 0.18% +0.18 PSLV Sprott Physical Silver Trust Add +54.3% 0.18% +0.09 LSEA Landsea Homes Corp. Add +9.0% 5.24% −1.79
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 Reduce -46.0% 48,600 $26.4M GLD SPDR Gold Shares call Add +100.5% 84,800 $18.2M SLV iShares Silver Trust call Add +360.4% 564,500 $15.0M APLD Applied Digital Corp. call Add +31.1% 470,900 $2.8M VELO3D INC put New 546,500 $1.8M GDX Vaneck Gold Miners ETF call Reduce -79.7% 45,400 $1.5M DM Desktop Metal Inc. Class A put Add +87.7% 227,000 $938K KGC Kinross Gold Corp. call Reduce -38.9% 54,900 $457K AEM Agnico Eagle Mines Ltd. call Reduce -45.4% 4,700 $307K VELO3D INC put Sold out 560,400 $255Kbefore exit NIKOLA CORP put Sold out 783 $24Kbefore 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 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