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LSP Investment Advisors Portfolio holdings
AUM
$138M
1-Year Est. Return
21.81%
This Fund
S&P 500
This Quarter
Est. Return
+5.2%
1 Year Est. Return
+21.81%
3 Year Est. Return
+103.61%
5 Year Est. Return
+289.11%
10 Year Est. Return
–
AUM
$188M
AUM Growth
+$21.7M
(+13%)
Cap. Flow
+$15.2M
Cap. Flow
% of AUM
8.06%
Top 10 Holdings %
Top 10 Hldgs %
90.96%
Holding
22
New
–
Increased
5
Reduced
1
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$21.1M |
| 2 |
Gulfport Energy Corp
GPOR
|
+$12.4M |
| 3 |
EQT Corp
EQT
|
+$2.75M |
| 4 |
Antero Resources
AR
|
+$877K |
| 5 |
Comstock Resources
CRK
|
+$683K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$22.5M |
| 2 |
Dominion Energy
D
|
+$205K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 73.72% |
| 2 | Communication Services | 3.57% |
| 3 | Technology | 2.13% |
| 4 | Consumer Discretionary | 1.74% |
| 5 | Utilities | 1.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXE
1
Expand Energy Corp
EXE
$21.7B
| $56.3M | 29.91% |
509,717
+190,300
| +60% | +$21.1M |
|
|
2
EQT Corp
EQT
$32.5B
| $41M | 21.79% |
764,500
+49,000
| +7% | +$2.75M |
|
|
3
Gulfport Energy Corp
GPOR
$2.77B
| $22.7M | 12.07% |
109,100
+62,200
| +133% | +$12.4M |
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $12.4M | 6.59% |
18,164
-33,226
| -65% | -$22.5M |
|
|
5
Comstock Resources
CRK
$3.82B
| $9.5M | 5.05% |
409,900
+31,000
| +8% | +$683K |
|
6
Alphabet (Google) Class C
GOOG
$3.99T
| $6.72M | 3.57% |
21,400
| – | – |
|
|
7
Antero Resources
AR
$10.5B
| $6.53M | 3.47% |
189,500
+25,900
| +16% | +$877K |
|
8
VanEck Gold Miners ETF
GDX
$23.2B
| $6.05M | 3.22% |
70,500
| – | – |
|
9
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $5.95M | 3.17% |
108,830
| – | – |
|
10
Microsoft
MSFT
$2.89T
| $4M | 2.13% |
8,280
| – | – |
|
11
iShares Russell 2000 ETF
IWM
$80.3B
| $3.82M | 2.03% |
15,500
| – | – |
|
12
Amazon
AMZN
$2.49T
| $3.28M | 1.74% |
14,200
| – | – |
|
13
Battalion Oil
BATL
$32.1M
| $2.68M | 1.42% |
2,369,769
| – | – |
|
14
iShares MSCI Japan ETF
EWJ
$21.7B
| $2.42M | 1.29% |
30,000
| – | – |
|
15
VanEck Junior Gold Miners ETF
GDXJ
$7.15B
| $1.55M | 0.82% |
13,584
| – | – |
|
16
Constellation Energy
CEG
$96.4B
| $780K | 0.41% |
2,208
| – | – |
|
17
CenterPoint Energy
CNP
$28.8B
| $623K | 0.33% |
16,250
| – | – |
|
18
Exelon
EXC
$48.2B
| $579K | 0.31% |
13,274
| – | – |
|
19
Robinhood
HOOD
$85.9B
| $494K | 0.26% |
4,364
| – | – |
|
20
Public Service Enterprise Group
PEG
$39.5B
| $430K | 0.23% |
5,350
| – | – |
|
21
Duke Energy
DUK
$100B
| $359K | 0.19% |
3,060
| – | – |
|
|
22
Dominion Energy
D
$61.8B
| – | – |
-3,350
| Closed | -$205K |
|
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LSP Investment Advisors's Q4 2025 Portfolio in Review
As of Q4 2025, LSP Investment Advisors held 22 positions worth $188M, up 13% from $166M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
LSP Investment Advisors deployed $15.2M of net new capital in Q4 2025, adding to 5 existing holdings.
By sector, the portfolio is most concentrated in Energy at 74% of assets, up from 58% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $22.5M trimmed.
- LSP Investment Advisors added most to Expand Energy Corp in Q4 2025, an estimated $21.1M increase.
- LSP Investment Advisors's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $22.5M.
- LSP Investment Advisors fully exited Dominion Energy in Q4 2025, selling an estimated $205K.
- LSP Investment Advisors's ten largest holdings make up 91% of its $188M portfolio in Q4 2025.
- LSP Investment Advisors opened 0 new positions and closed 1 in Q4 2025.
- LSP Investment Advisors's portfolio value rose 13% quarter-over-quarter to $188M.
Based on LSP Investment Advisors's 13F filing for Q4 2025, filed 17 Feb 2026.