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Nokomis Capital Portfolio holdings
AUM
$290M
1-Year Est. Return
55.12%
This Fund
S&P 500
This Quarter
Est. Return
+15.36%
1 Year Est. Return
+55.12%
3 Year Est. Return
+144.9%
5 Year Est. Return
+272.78%
10 Year Est. Return
+1,647.6%
AUM
$422M
AUM Growth
+$46.7M
(+12%)
Cap. Flow
+$42.7M
Cap. Flow
% of AUM
10.11%
Top 10 Holdings %
Top 10 Hldgs %
44.57%
Holding
71
New
12
Increased
15
Reduced
15
Closed
9
Avg Time Held Equity + Options
6.6
quarters
Top 10 Avg Time Held Equity + Options
3.9
quarters
Top 20 Avg Time Held Equity + Options
4.2
quarters
Avg Time Held Equity only
7.3
quarters
Top 10 Avg Time Held Equity only
4.5
quarters
Top 20 Avg Time Held Equity only
4.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$24.7M |
| 2 |
Dakota Gold
DC
|
+$7.11M |
| 3 |
Apple Hospitality REIT
APLE
|
+$5.63M |
| 4 |
KKR Real Estate Finance Trust
KREF
|
+$5.33M |
| 5 |
Greenfire Resources
GFR
|
+$4.52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roman DBDR Acquisition Corp II
DRDB
|
+$5.73M |
| 2 |
Seadrill
SDRL
|
+$4.91M |
| 3 |
OTG Acquisition Corp I Unit
OTGAU
|
+$4.24M |
| 4 |
Citigroup
C
|
+$3.62M |
| 5 |
Amplify Junior Silver Miners ETF
SILJ
|
+$2.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 38.36% |
| 2 | Materials | 26.06% |
| 3 | Consumer Discretionary | 12.86% |
| 4 | Energy | 12.42% |
| 5 | Real Estate | 6.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
i-80 Gold Corp
IAUX
$1.33B
| $33.4M | 7.9% |
22,870,369
-53,900
| -0.2% | -$61.3K |
2025 Q2
2 quarters
|
|
|
2
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$44.8B
| $25.1M | 5.94% |
+52,218
| New | +$24.7M |
2025 Q4
0 quarters
|
|
3
MGM Resorts International
MGM
$7.4B
| $23.7M | 5.6% |
648,387
-9,650
| -1% | -$327K |
2024 Q3
5 quarters
|
|
4
Hudbay
HBM
$11.4B
| $17.2M | 4.08% |
868,230
| – | – |
2023 Q1
11 quarters
|
|
5
VanEck Gold Miners ETF
GDX
$26.2B
| $17.1M | 4.05% |
199,551
-23,434
| -11% | -$1.85M |
2013 Q2
50 quarters
|
|
|
NGD
6
DELISTED
New Gold Inc
NGD
| $16.3M | 3.86% |
1,872,682
-15,500
| -0.8% | -$117K |
2024 Q3
5 quarters
|
|
7
CALL
iShares Silver Trust
SLV
$28.8B
| $15.1M | 3.57% |
234,000
-189,200
| -45% | -$9.47M |
2024 Q1
7 quarters
|
|
8
NexGen Energy
NXE
$5.68B
| $14.7M | 3.48% |
1,598,948
+112,000
| +8% | +$989K |
2023 Q3
9 quarters
|
|
9
Coeur Mining
CDE
$16.7B
| $13M | 3.07% |
728,171
| – | – |
2025 Q1
3 quarters
|
|
10
Beazer Homes USA
BZH
$892M
| $12.7M | 3.01% |
626,394
+156,872
| +33% | +$3.49M |
2023 Q3
9 quarters
|
|
|
11
i-80 Gold Corp Warrants
IAUX.WS
$137M
| $12.2M | 2.89% |
12,999,999
| – | – |
2025 Q3
1 quarter
|
|
12
Antero Resources
AR
$11.5B
| $11.6M | 2.73% |
335,208
| – | – |
2022 Q1
15 quarters
|
|
13
Sprott Physical Platinum and Palladium Trust
SPPP
$530M
| $11.5M | 2.72% |
682,500
+141,377
| +26% | +$2.09M |
2024 Q1
7 quarters
|
|
14
PUT
Credo Technology Group
CRDO
$37.3B
| $10.7M | 2.53% |
74,400
+69,100
| +1,304% | +$10.6M |
2025 Q3
1 quarter
|
|
15
Shoe Station Group
SHOE
$356M
| $10.5M | 2.48% |
619,747
+245,644
| +66% | +$4.51M |
2025 Q2
2 quarters
|
|
16
PUT
Invesco QQQ Trust
QQQ
$497B
| $10.1M | 2.4% |
16,500
-31,700
| -66% | -$19.5M |
2025 Q3
1 quarter
|
|
|
17
Greenfire Resources
GFR
$1.63B
| $10.1M | 2.38% |
2,113,249
+951,524
| +82% | +$4.52M |
2024 Q1
7 quarters
|
|
18
Sprott Physical Silver Trust
PSLV
$12.2B
| $9.91M | 2.35% |
419,082
-112,039
| -21% | -$2.05M |
2023 Q3
9 quarters
|
|
19
VanEck Junior Gold Miners ETF
GDXJ
$8.2B
| $9.82M | 2.32% |
86,315
| – | – |
2013 Q2
50 quarters
|
|
20
Hallador Energy
HNRG
$658M
| $9.47M | 2.24% |
497,531
+135,000
| +37% | +$2.74M |
2025 Q1
3 quarters
|
|
|
21
KKR Real Estate Finance Trust
KREF
$347M
| $8.97M | 2.12% |
1,091,820
+629,982
| +136% | +$5.33M |
2025 Q2
2 quarters
|
|
22
DELISTED
Coterra Energy
CTRA
| $8.55M | 2.02% |
324,717
+14,200
| +5% | +$358K |
2025 Q1
3 quarters
|
|
|
23
Dakota Gold
DC
$765M
| $8.41M | 1.99% |
+1,480,885
| New | +$7.11M |
2025 Q4
0 quarters
|
|
24
PUT
NVIDIA
NVDA
$5.52T
| $8.02M | 1.9% |
43,000
+15,600
| +57% | +$2.9M |
2025 Q3
1 quarter
|
|
25
CALL
SPDR Gold Trust
GLD
$141B
| $7.93M | 1.88% |
20,000
-68,700
| -77% | -$26.2M |
2024 Q1
7 quarters
|
|
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Nokomis Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Nokomis Capital held 71 positions worth $422M, up 12% from $376M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Nokomis Capital deployed $42.7M of net new capital in Q4 2025, opening 12 new positions and adding to 15 existing holdings. Its largest new stake was State Street SPDR Dow Jones Industrial Average ETF Trust: 52,218 shares worth $25.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 38% of assets, down from 43% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was Roman DBDR Acquisition Corp II, an estimated $5.73M trimmed.
- Nokomis Capital's largest Q4 2025 buy was State Street SPDR Dow Jones Industrial Average ETF Trust: 52,218 shares worth $25.1M.
- Nokomis Capital added most to KKR Real Estate Finance Trust in Q4 2025, an estimated $5.33M increase.
- Nokomis Capital's biggest Q4 2025 reduction was Roman DBDR Acquisition Corp II, cutting an estimated $5.73M.
- Nokomis Capital fully exited OTG Acquisition Corp I Unit in Q4 2025, selling an estimated $4.24M.
- Nokomis Capital's ten largest holdings make up 45% of its $422M portfolio in Q4 2025.
- Nokomis Capital opened 12 new positions and closed 9 in Q4 2025.
- Nokomis Capital's portfolio value rose 12% quarter-over-quarter to $422M.
Based on Nokomis Capital's 13F filing for Q4 2025, filed 17 Feb 2026.