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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
+4.23%
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
$349M
AUM Growth
-$73.8M
(-17%)
Cap. Flow
-$33.2M
Cap. Flow
% of AUM
-9.51%
Top 10 Holdings %
Top 10 Hldgs %
52.92%
Holding
69
New
7
Increased
8
Reduced
34
Closed
14
Avg Time Held Equity + Options
6.3
quarters
Top 10 Avg Time Held Equity + Options
1.6
quarters
Top 20 Avg Time Held Equity + Options
4.3
quarters
Avg Time Held Equity only
6.7
quarters
Top 10 Avg Time Held Equity only
2.3
quarters
Top 20 Avg Time Held Equity only
4.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coeur Mining
CDE
|
+$20.3M |
| 2 |
Lithia Motors
LAD
|
+$19.9M |
| 3 |
Integra Resources
ITRG
|
+$13.1M |
| 4 |
Mayfair Gold Corp
MINE
|
+$9.08M |
| 5 |
Ovintiv
OVV
|
+$5.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NGD
New Gold Inc
NGD
|
+$16.3M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$12.1M |
| 3 |
Hudbay
HBM
|
+$9.69M |
| 4 |
MGM Resorts International
MGM
|
+$8.16M |
| 5 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$7.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 34.96% |
| 2 | Miscellaneous | 24.12% |
| 3 | Consumer Discretionary | 16.93% |
| 4 | Energy | 16.33% |
| 5 | Real Estate | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
i-80 Gold Corp
IAUX
$1.33B
| $33.7M | 9.67% |
22,177,102
-693,267
| -3% | -$1.19M |
2025 Q2
3 quarters
|
|
|
2
Coeur Mining
CDE
$16.7B
| $31.2M | 8.95% |
1,662,133
+933,962
| +128% | +$20.3M |
2025 Q1
4 quarters
|
|
|
3
Lithia Motors
LAD
$6.3B
| $18.8M | 5.39% |
75,241
+67,069
| +821% | +$19.9M |
2025 Q4
1 quarter
|
|
4
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$44.8B
| $18M | 5.17% |
38,880
-13,338
| -26% | -$6.46M |
2025 Q4
1 quarter
|
|
5
PUT
AST SpaceMobile
ASTS
$14.1B
| $16.6M | 4.75% |
199,800
+145,600
| +269% | +$13.7M |
2025 Q1
4 quarters
|
|
|
6
MGM Resorts International
MGM
$7.4B
| $15.5M | 4.45% |
419,339
-229,048
| -35% | -$8.16M |
2024 Q3
6 quarters
|
|
7
NexGen Energy
NXE
$5.68B
| $15M | 4.31% |
1,296,448
-302,500
| -19% | -$3.61M |
2023 Q3
10 quarters
|
|
|
8
i-80 Gold Corp Warrants
IAUX.WS
$137M
| $12.3M | 3.54% |
12,857,543
-142,456
| -1% | -$161K |
2025 Q3
2 quarters
|
|
9
Antero Resources
AR
$11.5B
| $11.8M | 3.38% |
277,302
-57,906
| -17% | -$2.11M |
2022 Q1
16 quarters
|
|
10
Beazer Homes USA
BZH
$892M
| $11.6M | 3.31% |
600,677
-25,717
| -4% | -$594K |
2023 Q3
10 quarters
|
|
11
Greenfire Resources
GFR
$1.63B
| $11.1M | 3.18% |
1,751,837
-361,412
| -17% | -$2.08M |
2024 Q1
8 quarters
|
|
12
Sprott Physical Silver Trust
PSLV
$12.2B
| $10.2M | 2.93% |
419,082
| – | – |
2023 Q3
10 quarters
|
|
13
Dakota Gold
DC
$765M
| $10.1M | 2.9% |
2,005,427
+524,542
| +35% | +$3.1M |
2025 Q4
1 quarter
|
|
|
14
Integra Resources
ITRG
$503M
| $9.65M | 2.77% |
+3,536,056
| New | +$13.1M |
2026 Q1
0 quarters
|
|
|
15
Hudbay
HBM
$11.4B
| $9.48M | 2.72% |
453,745
-414,485
| -48% | -$9.69M |
2023 Q1
12 quarters
|
|
16
Sprott Physical Platinum and Palladium Trust
SPPP
$530M
| $8.49M | 2.44% |
546,814
-135,686
| -20% | -$2.41M |
2024 Q1
8 quarters
|
|
17
Shoe Station Group
SHOE
$356M
| $8.39M | 2.41% |
537,845
-81,902
| -13% | -$1.56M |
2025 Q2
3 quarters
|
|
|
18
Ovintiv
OVV
$18.4B
| $7.85M | 2.25% |
132,252
+114,052
| +627% | +$5.5M |
2025 Q4
1 quarter
|
|
|
19
Mayfair Gold Corp
MINE
$165M
| $7.55M | 2.16% |
+2,438,552
| New | +$9.08M |
2026 Q1
0 quarters
|
|
|
20
VanEck Gold Miners ETF
GDX
$26.2B
| $7.03M | 2.02% |
76,571
-122,980
| -62% | -$12.1M |
2013 Q2
51 quarters
|
|
21
KKR Real Estate Finance Trust
KREF
$347M
| $6.85M | 1.97% |
1,119,822
+28,002
| +3% | +$205K |
2025 Q2
3 quarters
|
|
|
OGG
22
Osisko Gold Group
OGG
$853M
| $6.5M | 1.86% |
2,000,000
| – | – |
2025 Q3
2 quarters
|
|
23
Amplify Junior Silver Miners ETF
SILJ
$3.41B
| $6.39M | 1.83% |
215,126
-43,508
| -17% | -$1.44M |
2021 Q1
20 quarters
|
|
24
Apple Hospitality REIT
APLE
$3.91B
| $4.66M | 1.34% |
405,027
-74,549
| -16% | -$901K |
2025 Q4
1 quarter
|
|
25
Cenovus Energy
CVE
$60.5B
| $4.63M | 1.33% |
+174,700
| New | +$3.73M |
2026 Q1
0 quarters
|
|
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Nokomis Capital's Q1 2026 Portfolio in Review
As of Q1 2026, Nokomis Capital held 69 positions worth $349M, down 17% from $422M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Nokomis Capital withdrew a net $33.2M in Q1 2026, closing 14 positions and reducing 34 holdings. Its most notable exit was New Gold Inc, an estimated $16.3M position sold in full.
By sector, the portfolio is most concentrated in Materials at 35% of assets, up from 26% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Nokomis Capital opened a new position in Integra Resources worth $9.65M.
- Nokomis Capital's largest Q1 2026 buy was Integra Resources: 3,536,056 shares worth $9.65M.
- Nokomis Capital added most to Coeur Mining in Q1 2026, an estimated $20.3M increase.
- Nokomis Capital's biggest Q1 2026 reduction was VanEck Gold Miners ETF, cutting an estimated $12.1M.
- Nokomis Capital fully exited New Gold Inc in Q1 2026, selling an estimated $16.3M.
- Nokomis Capital's ten largest holdings make up 53% of its $349M portfolio in Q1 2026.
- Nokomis Capital opened 7 new positions and closed 14 in Q1 2026.
- Nokomis Capital's portfolio value fell 17% quarter-over-quarter to $349M.
Based on Nokomis Capital's 13F filing for Q1 2026, filed 15 May 2026.