Filed: 8/14/2025ACC: 0001172661-25-003488
📋 What this filing means
LSP INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 20 equity positions with a total reported market value of $139.40M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
20
Positions
$139.40M
Total AUM (reported)
3.94M
Total Shares
Allocation by class
COM$84.48M60.6%
TR UNIT$34.59M24.8%
MSCI EMG MKT ETF$5.25M3.8%
CAP STK CL C$3.80M2.7%
GOLD MINERS ETF$3.67M2.6%
RUSSELL 2000 ETF$3.34M2.4%
MSCI JPN ETF NEW$2.25M1.6%
Portfolio Concentration
Top 3$94.80M68.0%
4–10$31.82M22.8%
11–25$12.77M9.2%
Top 3 weight
68.0%
Top 10 weight
90.8%
Voting Authority Distribution
Total shares with voting rights: 3.94M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
3.94M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other20
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings20
Rows:
SPDR S&P 500 ETF TR
DFNDShares55.99K
TypeSH
Market value$34.59M
24.82%
Sole
0.00
Shared
55.99K
None
0.00
EQT CORP
DFNDShares577.50K
TypeSH
Market value$33.68M
24.16%
Sole
0.00
Shared
577.50K
None
0.00
EXPAND ENERGY CORPORATION
DFNDShares226.82K
TypeSH
Market value$26.52M
19.03%
Sole
0.00
Shared
226.82K
None
0.00
COMSTOCK RES INC
DFNDShares283K
TypeSH
Market value$7.83M
5.62%
Sole
0.00
Shared
283K
None
0.00
ISHARES TR
DFNDShares108.83K
TypeSH
Market value$5.25M
3.77%
Sole
0.00
Shared
108.83K
None
0.00
MICROSOFT CORP
DFNDShares8.28K
TypeSH
Market value$4.12M
2.95%
Sole
0.00
Shared
8.28K
None
0.00
ANTERO RESOURCES CORP
DFNDShares94.70K
TypeSH
Market value$3.81M
2.74%
Sole
0.00
Shared
94.70K
None
0.00
ALPHABET INC
DFNDShares21.40K
TypeSH
Market value$3.80M
2.72%
Sole
0.00
Shared
21.40K
None
0.00
VANECK ETF TRUST
DFNDShares70.50K
TypeSH
Market value$3.67M
2.63%
Sole
0.00
Shared
70.50K
None
0.00
ISHARES TR
DFNDShares15.50K
TypeSH
Market value$3.34M
2.40%
Sole
0.00
Shared
15.50K
None
0.00
AMAZON COM INC
DFNDShares14.20K
TypeSH
Market value$3.12M
2.23%
Sole
0.00
Shared
14.20K
None
0.00
BATTALION OIL CORP
DFNDShares2.37M
TypeSH
Market value$3.06M
2.19%
Sole
0.00
Shared
2.37M
None
0.00
ISHARES INC
DFNDShares30K
TypeSH
Market value$2.25M
1.61%
Sole
0.00
Shared
30K
None
0.00
VANECK ETF TRUST
DFNDShares13.58K
TypeSH
Market value$918.1K
0.66%
Sole
0.00
Shared
13.58K
None
0.00
ROBINHOOD MKTS INC
DFNDShares7.86K
TypeSH
Market value$736.3K
0.53%
Sole
0.00
Shared
7.86K
None
0.00
CONSTELLATION ENERGY CORP
DFNDShares2.21K
TypeSH
Market value$712.7K
0.51%
Sole
0.00
Shared
2.21K
None
0.00
CENTERPOINT ENERGY INC
DFNDShares16.25K
TypeSH
Market value$597.0K
0.43%
Sole
0.00
Shared
16.25K
None
0.00
EXELON CORP
DFNDShares13.27K
TypeSH
Market value$576.4K
0.41%
Sole
0.00
Shared
13.27K
None
0.00
PUBLIC SVC ENTERPRISE GRP IN
DFNDShares5.35K
TypeSH
Market value$450.4K
0.32%
Sole
0.00
Shared
5.35K
None
0.00
DUKE ENERGY CORP NEW
DFNDShares3.06K
TypeSH
Market value$361.1K
0.26%
Sole
0.00
Shared
3.06K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRDFND | TR UNIT | 55.99K | SH | $34.59M 24.82% | 0.00 | 55.99K | 0.00 |
EQT CORPDFND | COM | 577.50K | SH | $33.68M 24.16% | 0.00 | 577.50K | 0.00 |
EXPAND ENERGY CORPORATIONDFND | COM | 226.82K | SH | $26.52M 19.03% | 0.00 | 226.82K | 0.00 |
COMSTOCK RES INCDFND | COM | 283K | SH | $7.83M 5.62% | 0.00 | 283K | 0.00 |
ISHARES TRDFND | MSCI EMG MKT ETF | 108.83K | SH | $5.25M 3.77% | 0.00 | 108.83K | 0.00 |
MICROSOFT CORPDFND | COM | 8.28K | SH | $4.12M 2.95% | 0.00 | 8.28K | 0.00 |
ANTERO RESOURCES CORPDFND | COM | 94.70K | SH | $3.81M 2.74% | 0.00 | 94.70K | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 21.40K | SH | $3.80M 2.72% | 0.00 | 21.40K | 0.00 |
VANECK ETF TRUSTDFND | GOLD MINERS ETF | 70.50K | SH | $3.67M 2.63% | 0.00 | 70.50K | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 15.50K | SH | $3.34M 2.40% | 0.00 | 15.50K | 0.00 |
AMAZON COM INCDFND | COM | 14.20K | SH | $3.12M 2.23% | 0.00 | 14.20K | 0.00 |
BATTALION OIL CORPDFND | COM | 2.37M | SH | $3.06M 2.19% | 0.00 | 2.37M | 0.00 |
ISHARES INCDFND | MSCI JPN ETF NEW | 30K | SH | $2.25M 1.61% | 0.00 | 30K | 0.00 |
VANECK ETF TRUSTDFND | JUNIOR GOLD MINE | 13.58K | SH | $918.1K 0.66% | 0.00 | 13.58K | 0.00 |
ROBINHOOD MKTS INCDFND | COM CL A | 7.86K | SH | $736.3K 0.53% | 0.00 | 7.86K | 0.00 |
CONSTELLATION ENERGY CORPDFND | COM | 2.21K | SH | $712.7K 0.51% | 0.00 | 2.21K | 0.00 |
CENTERPOINT ENERGY INCDFND | COM | 16.25K | SH | $597.0K 0.43% | 0.00 | 16.25K | 0.00 |
EXELON CORPDFND | COM | 13.27K | SH | $576.4K 0.41% | 0.00 | 13.27K | 0.00 |
PUBLIC SVC ENTERPRISE GRP INDFND | COM | 5.35K | SH | $450.4K 0.32% | 0.00 | 5.35K | 0.00 |
DUKE ENERGY CORP NEWDFND | COM NEW | 3.06K | SH | $361.1K 0.26% | 0.00 | 3.06K | 0.00 |