Filed: 11/14/2025ACC: 0001172661-25-005046
📋 What this filing means
LSP INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 22 equity positions with a total reported market value of $166.40M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$166.40M
Total AUM (reported)
4.38M
Total Shares
Allocation by class
COM$98.76M59.4%
TR UNIT$34.23M20.6%
COMMON SHARES$8.49M5.1%
MSCI EMG MKT ETF$5.81M3.5%
GOLD MINERS ETF$5.39M3.2%
CAP STK CL C$5.21M3.1%
RUSSELL 2000 ETF$3.75M2.3%
Portfolio Concentration
Top 3$107.11M64.4%
4–10$42.19M25.4%
11–25$17.10M10.3%
Top 3 weight
64.4%
Top 10 weight
89.7%
Voting Authority Distribution
Total shares with voting rights: 4.38M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
4.38M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other22
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings22
Rows:
EQT CORP
DFNDShares715.50K
TypeSH
Market value$38.94M
23.40%
Sole
0.00
Shared
715.50K
None
0.00
SPDR S&P 500 ETF TR
DFNDShares51.39K
TypeSH
Market value$34.23M
20.57%
Sole
0.00
Shared
51.39K
None
0.00
EXPAND ENERGY CORPORATION
DFNDShares319.42K
TypeSH
Market value$33.93M
20.39%
Sole
0.00
Shared
319.42K
None
0.00
GULFPORT ENERGY CORP
DFNDShares46.90K
TypeSH
Market value$8.49M
5.10%
Sole
0.00
Shared
46.90K
None
0.00
COMSTOCK RES INC
DFNDShares378.90K
TypeSH
Market value$7.51M
4.52%
Sole
0.00
Shared
378.90K
None
0.00
ISHARES TR
DFNDShares108.83K
TypeSH
Market value$5.81M
3.49%
Sole
0.00
Shared
108.83K
None
0.00
ANTERO RESOURCES CORP
DFNDShares163.60K
TypeSH
Market value$5.49M
3.30%
Sole
0.00
Shared
163.60K
None
0.00
VANECK ETF TRUST
DFNDShares70.50K
TypeSH
Market value$5.39M
3.24%
Sole
0.00
Shared
70.50K
None
0.00
ALPHABET INC
DFNDShares21.40K
TypeSH
Market value$5.21M
3.13%
Sole
0.00
Shared
21.40K
None
0.00
MICROSOFT CORP
DFNDShares8.28K
TypeSH
Market value$4.29M
2.58%
Sole
0.00
Shared
8.28K
None
0.00
ISHARES TR
DFNDShares15.50K
TypeSH
Market value$3.75M
2.25%
Sole
0.00
Shared
15.50K
None
0.00
AMAZON COM INC
DFNDShares14.20K
TypeSH
Market value$3.12M
1.87%
Sole
0.00
Shared
14.20K
None
0.00
BATTALION OIL CORP
DFNDShares2.37M
TypeSH
Market value$2.87M
1.72%
Sole
0.00
Shared
2.37M
None
0.00
ISHARES INC
DFNDShares30K
TypeSH
Market value$2.41M
1.45%
Sole
0.00
Shared
30K
None
0.00
VANECK ETF TRUST
DFNDShares13.58K
TypeSH
Market value$1.35M
0.81%
Sole
0.00
Shared
13.58K
None
0.00
CONSTELLATION ENERGY CORP
DFNDShares2.21K
TypeSH
Market value$726.6K
0.44%
Sole
0.00
Shared
2.21K
None
0.00
CENTERPOINT ENERGY INC
DFNDShares16.25K
TypeSH
Market value$630.5K
0.38%
Sole
0.00
Shared
16.25K
None
0.00
ROBINHOOD MKTS INC
DFNDShares4.36K
TypeSH
Market value$624.8K
0.38%
Sole
0.00
Shared
4.36K
None
0.00
EXELON CORP
DFNDShares13.27K
TypeSH
Market value$597.5K
0.36%
Sole
0.00
Shared
13.27K
None
0.00
PUBLIC SVC ENTERPRISE GRP IN
DFNDShares5.35K
TypeSH
Market value$446.5K
0.27%
Sole
0.00
Shared
5.35K
None
0.00
DUKE ENERGY CORP NEW
DFNDShares3.06K
TypeSH
Market value$378.7K
0.23%
Sole
0.00
Shared
3.06K
None
0.00
DOMINION ENERGY INC
DFNDShares3.35K
TypeSH
Market value$204.9K
0.12%
Sole
0.00
Shared
3.35K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
EQT CORPDFND | COM | 715.50K | SH | $38.94M 23.40% | 0.00 | 715.50K | 0.00 |
SPDR S&P 500 ETF TRDFND | TR UNIT | 51.39K | SH | $34.23M 20.57% | 0.00 | 51.39K | 0.00 |
EXPAND ENERGY CORPORATIONDFND | COM | 319.42K | SH | $33.93M 20.39% | 0.00 | 319.42K | 0.00 |
GULFPORT ENERGY CORPDFND | COMMON SHARES | 46.90K | SH | $8.49M 5.10% | 0.00 | 46.90K | 0.00 |
COMSTOCK RES INCDFND | COM | 378.90K | SH | $7.51M 4.52% | 0.00 | 378.90K | 0.00 |
ISHARES TRDFND | MSCI EMG MKT ETF | 108.83K | SH | $5.81M 3.49% | 0.00 | 108.83K | 0.00 |
ANTERO RESOURCES CORPDFND | COM | 163.60K | SH | $5.49M 3.30% | 0.00 | 163.60K | 0.00 |
VANECK ETF TRUSTDFND | GOLD MINERS ETF | 70.50K | SH | $5.39M 3.24% | 0.00 | 70.50K | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 21.40K | SH | $5.21M 3.13% | 0.00 | 21.40K | 0.00 |
MICROSOFT CORPDFND | COM | 8.28K | SH | $4.29M 2.58% | 0.00 | 8.28K | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 15.50K | SH | $3.75M 2.25% | 0.00 | 15.50K | 0.00 |
AMAZON COM INCDFND | COM | 14.20K | SH | $3.12M 1.87% | 0.00 | 14.20K | 0.00 |
BATTALION OIL CORPDFND | COM | 2.37M | SH | $2.87M 1.72% | 0.00 | 2.37M | 0.00 |
ISHARES INCDFND | MSCI JPN ETF NEW | 30K | SH | $2.41M 1.45% | 0.00 | 30K | 0.00 |
VANECK ETF TRUSTDFND | JUNIOR GOLD MINE | 13.58K | SH | $1.35M 0.81% | 0.00 | 13.58K | 0.00 |
CONSTELLATION ENERGY CORPDFND | COM | 2.21K | SH | $726.6K 0.44% | 0.00 | 2.21K | 0.00 |
CENTERPOINT ENERGY INCDFND | COM | 16.25K | SH | $630.5K 0.38% | 0.00 | 16.25K | 0.00 |
ROBINHOOD MKTS INCDFND | COM CL A | 4.36K | SH | $624.8K 0.38% | 0.00 | 4.36K | 0.00 |
EXELON CORPDFND | COM | 13.27K | SH | $597.5K 0.36% | 0.00 | 13.27K | 0.00 |
PUBLIC SVC ENTERPRISE GRP INDFND | COM | 5.35K | SH | $446.5K 0.27% | 0.00 | 5.35K | 0.00 |
DUKE ENERGY CORP NEWDFND | COM NEW | 3.06K | SH | $378.7K 0.23% | 0.00 | 3.06K | 0.00 |
DOMINION ENERGY INCDFND | COM | 3.35K | SH | $204.9K 0.12% | 0.00 | 3.35K | 0.00 |