Nokomis Capital, L.L.C.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Nokomis Capital, L.L.C. reported 44 stock positions worth $223.7 million. Its top holding was Applied Digital (APLD) at 10.2% of the portfolio, followed by MGM Resorts International (MGM, 7.4%) and Vaneck Gold Miners ETF (GDX, 6.9%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 8 and reduced 17. The biggest buy was a new position in MGM Resorts International (MGM) and the biggest sale Applied Digital (APLD, shares −51%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001541055
Portfolio Value
$223.7M (Q3 2024)
SEC Filing
0001214659-24-019136 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $226.5M Q1 2024 Q2 2024: $209.4M Q2 2024 Q3 2024: $223.7M $223.7M Q3 2024 Q4 2024: $216.7M Q4 2024 Q1 2025: $231.8M Q1 2025 Q2 2025: $238.7M Q2 2025 Q3 2025: $276.2M Q3 2025 Q4 2025: $346.7M Q4 2025 Q1 2026: $318.3M Q1 2026 Q2 2026: $261.9M Q2 2026

Holdings 44 stocks · $223.7M
APLD Applied Digital Corp. 10.24% 2,776,979 $22.9M Reduce -50.5%
MGM MGM Resorts International 7.36% 421,314 $16.5M New
GDX Vaneck Gold Miners ETF 6.93% 389,526 $15.5M Reduce -2.4%
BZH Beazer Homes USA Inc. 6.22% 407,131 $13.9M Reduce -4.6%
LSEA Landsea Homes Corp. 5.99% 1,084,738 $13.4M Reduce -9.2%
MAG Mag Silver Corp. 5.56% 885,043 $12.4M Add +0.9%
SDRL Seadrill Limited 4.43% 249,304 $9.9M Add +2.0%
GFR Greenfire Resources Ltd. 3.95% 1,185,725 $8.8M Reduce -1.8%
AEM Agnico Eagle Mines Ltd. 3.81% 105,727 $8.5M Reduce -14.5%
NXE Nexgen Energy Ltd. 3.64% 1,248,548 $8.2M No change
CRGY Crescent Energy Inc. Class A 2.84% 579,927 $6.4M New
CNTY Century Casinos Inc. 2.63% 2,296,939 $5.9M Reduce -9.7%
HBM Hudbay Minerals Inc. 2.50% 608,322 $5.6M Add +0.6%
NMM Navios Maritime Partners LP 2.46% 87,684 $5.5M Add +455.0%
GSL Global Ship Lease Inc. Class A 2.45% 205,406 $5.5M Reduce -4.6%
SILJ Amplify Junior Silver Miners 2.41% 417,847 $5.4M No change
GDXJ Vaneck Junior Gold Miners 2.02% 92,515 $4.5M No change
ACR Acres Commercial Realty Corp. 1.83% 261,708 $4.1M No change
NGD New Gold Inc. 1.76% 1,365,000 $3.9M New
AGI Alamos Gold Inc. Class A 1.65% 185,380 $3.7M Reduce -0.3%
AR Antero Resources Corp. 1.60% 124,755 $3.6M Add +12.9%
SPPP Sprott Physical Platinum And 1.56% 356,189 $3.5M Add +206.6%
MNR Mach Natural Resources LP 1.53% 213,253 $3.4M No change
TXO Txo Partners LP 1.45% 164,012 $3.2M Reduce -5.1%
ARCH Arch Resources Inc. 1.40% 22,727 $3.1M Reduce -3.0%
VST Vistra Corp. 1.15% 21,764 $2.6M Reduce -24.5%
MEC Mayville Engineering Co. Inc. 1.15% 121,569 $2.6M Add +429.5%
ROCLU Roth CH Acquisition V Co. 1.06% 200,100 $2.4M No change
MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC 0.92% 91,270 $2.0M No change
SOC Sable Offshore Corp. 0.88% 83,005 $2.0M New
NFE New Fortress Energy Inc. 0.88% 215,749 $2.0M No change
AEAEU Altenergy Acquisition Corp. 0.84% 168,938 $1.9M No change
KRP Kimbell Royalty Partners LP 0.84% 116,098 $1.9M Reduce -37.8%
GLD SPDR Gold Shares 0.79% 7,298 $1.8M Add +69.8%
TRTX TPG Re Finance Trust Inc. 0.67% 174,673 $1.5M No change
CGAU Centerra Gold Inc. 0.48% 151,483 $1.1M Reduce -65.1%
PPTA Perpetua Resources Corp. 0.41% 97,633 $913K No change
URNM Sprott Uranium Miners ETF 0.40% 19,662 $902K No change
ET Energy Transfer LP 0.38% 53,279 $855K Reduce -32.4%
SEQUANS COMMUNICATIONS S A 0.28% 523,300 $623K New
LAZYDAYS HLDGS INC 0.25% 377,742 $567K Reduce -25.9%
PSLV Sprott Physical Silver Trust 0.18% 37,800 $395K No change
SKE Skeena Resources Ltd. 0.13% 33,600 $284K No change
RILY BRC Group Holdings Inc. filed as B. RILEY FINANCIAL INC 0.12% 50,355 $264K Reduce -5.1%

Options reported separately and not counted above: SPY puts ($27.9M), GLD calls ($20.1M), SLV calls ($14.4M), GDXJ calls ($2.0M), SILJ calls ($2.0M), GDX calls ($1.8M), DM puts ($1.1M), APLD calls ($834K), AEM calls ($379K), BRC INC-A puts ($83K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
SecurityClassShares / PrincipalValueChange
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 · principal 30,093$3KNew

Total filed on the 13F, all lines: $223.7M.

Portfolio Sells Q2 2024 → Q3 2024
APLD Applied Digital Corp. Reduce -50.5% 10.24% −5.70
FANG Diamondback Energy Inc. Sold out 0.00% −2.99
PTLO Portillo's Inc. Class A Sold out 0.00% −1.88
OEC Orion SA Sold out 0.00% −1.55
CGAU Centerra Gold Inc. Reduce -65.1% 0.48% −0.91
CNTY Century Casinos Inc. Reduce -9.7% 2.63% −0.74
KRP Kimbell Royalty Partners LP Reduce -37.8% 0.84% −0.62
GSL Global Ship Lease Inc. Class A Reduce -4.6% 2.45% −0.51
LAZYDAYS HLDGS INC Reduce -25.9% 0.25% −0.36
RILY BRC Group Holdings Inc. Reduce -5.1% 0.12% −0.33
ARCH Arch Resources Inc. Reduce -3.0% 1.40% −0.30
KREF KKR Real Estate Finance Trus Sold out 0.00% −0.27
ET Energy Transfer LP Reduce -32.4% 0.38% −0.23
TXO Txo Partners LP Reduce -5.1% 1.45% −0.21
AEM Agnico Eagle Mines Ltd. Reduce -14.5% 3.81% −0.05
VST Vistra Corp. Reduce -24.5% 1.15% −0.03
GFR Greenfire Resources Ltd. Reduce -1.8% 3.95% +0.06
AGI Alamos Gold Inc. Class A Reduce -0.3% 1.65% +0.26
GDX Vaneck Gold Miners ETF Reduce -2.4% 6.93% +0.47
BZH Beazer Homes USA Inc. Reduce -4.6% 6.22% +0.62
LSEA Landsea Homes Corp. Reduce -9.2% 5.99% +0.75

Portfolio Buys Q2 2024 → Q3 2024
MGM MGM Resorts International New 7.36% +7.36
CRGY Crescent Energy Inc. Class A New 2.84% +2.84
NMM Navios Maritime Partners LP Add +455.0% 2.46% +2.07
NGD New Gold Inc. New 1.76% +1.76
SPPP Sprott Physical Platinum And Add +206.6% 1.56% +1.02
MEC Mayville Engineering Co. Inc. Add +429.5% 1.15% +0.96
SOC Sable Offshore Corp. New 0.88% +0.88
MAG Mag Silver Corp. Add +0.9% 5.56% +0.67
GLD SPDR Gold Shares Add +69.8% 0.79% +0.35
SEQUANS COMMUNICATIONS S A New 0.28% +0.28
HBM Hudbay Minerals Inc. Add +0.6% 2.50% −0.12
AR Antero Resources Corp. Add +12.9% 1.60% −0.12
SDRL Seadrill Limited Add +2.0% 4.43% −1.58

Options Activity Q2 2024 → Q3 2024
GLD SPDR Gold Shares call Reduce -2.2% 82,900 $20.1M
SLV iShares Silver Trust call Reduce -10.3% 506,100 $14.4M
SILJ Amplify Junior Silver Miners call Add +13.0% 152,800 $2.0M
VELO3D INC put Sold out 546,500 $1.8Mbefore exit
GDX Vaneck Gold Miners ETF call Reduce -0.7% 45,100 $1.8M
APLD Applied Digital Corp. call Reduce -78.5% 101,100 $834K
KGC Kinross Gold Corp. call Sold out 54,900 $457Kbefore exit
FNKO Funko Inc. Class A put Sold out 46,300 $452Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2024 → Q3 2024
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 Sold out 30,093 $6Kbefore exit
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 · principal New 30,093 $3K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 44$261.9MIAUX, CDE, OGC, HBM, LAD
Q1 2026 43$318.3MIAUX, CDE, LAD, DIA, MGM
Q4 2025 46$346.7MIAUX, DIA, MGM, HBM, GDX
Q3 2025 44$276.2MMGM, IAUX, GDX, CDE, NGD
Q2 2025 41$238.7MMGM, IAUX, SDRL, GDX, BZH
Q1 2025 46$231.8MMGM, CAL, SDRL, MAG, GDX
Q4 2024 44$216.7MCAL, MGM, LSEA, MAG, GDX
Q3 2024 44$223.7MAPLD, MGM, GDX, BZH, LSEA
Q2 2024 43$209.4MAPLD, GDX, SDRL, BZH, LSEA
Q1 2024 38$226.5MAPLD, VST, GSL, LSEA, OEC