LSP Investment Advisors, LLC

Portfolio Overview

LSP Investment Advisors, LLC disclosed 19 positions worth $137.7M in its Form 13F-HR for Q1 2026, led by $EXE (EXPAND ENERGY Corp) at 25.5% of the equity portfolio, followed by $EQT and $GPOR. During the quarter the fund opened 1 new position and exited 3 — including a new stake in $D and a full exit from $CRK. The portfolio is most concentrated in Energy (65.2% of disclosed assets). All figures are sourced directly from LSP Investment Advisors, LLC’s Form 13F-HR filing with the SEC under CIK 1728850.

• 

  EXPAND ENERGY Corp

  $EXE

  83.9#14

  Quality

  $35.1M319,717 sh
• 

  EQT Corp

  $EQT

  83.3#18

  Quality

  $33.7M530,300 sh
• 

  GULFPORT ENERGY CORP

  $GPOR

  64.3#645

  Quality

  $20.9M98,800 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $11.8M18,164 sh

• VANECK ETF TRUST

  —

  Quality

  $6.5M70,500 sh

• ISHARES TR

  —

  Quality

  $6.2M108,830 sh
• 

  Alphabet Inc.

  $GOOGL

  80.2

  Quality

  $6.1M21,400 sh

• ISHARES TR

  —

  Quality

  $3.8M15,500 sh
• 

  MICROSOFT CORP

  $MSFT

  83.7

  Quality

  $3.1M8,280 sh
• 

  AMAZON COM INC

  $AMZN

  74.6

  Quality

  $3.0M14,200 sh

Company	Quality	Value	Shares
EXPAND ENERGY Corp$EXE	83.9#14	$35.1M	319,717
EQT Corp$EQT	83.3#18	$33.7M	530,300
GULFPORT ENERGY CORP$GPOR	64.3#645	$20.9M	98,800
SPDR S&P 500 ETF TRUST$SPY	—	$11.8M	18,164
VANECK ETF TRUST	—	$6.5M	70,500
ISHARES TR	—	$6.2M	108,830
Alphabet Inc.$GOOGL	80.2	$6.1M	21,400
ISHARES TR	—	$3.8M	15,500
MICROSOFT CORP$MSFT	83.7	$3.1M	8,280
AMAZON COM INC$AMZN	74.6	$3.0M	14,200

Showing top 10 of 19 holdings.

Full Holdings — LSP Investment Advisors, LLC (Q1 2026)

All 19 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$EXE	EXPAND ENERGY Corp	$35.1M	25.5%	-37%	83.9
2	$EQT	EQT Corp	$33.7M	24.5%	-31%	83.3
3	$GPOR	GULFPORT ENERGY CORP	$20.9M	15.2%	-9%	64.3
4	$SPY	SPDR S&P 500 ETF TRUST	$11.8M	8.6%	+0%	—
5	—	VANECK ETF TRUST	$6.5M	4.7%	+0%	—
6	—	ISHARES TR	$6.2M	4.5%	+0%	—
7	$GOOGL	Alphabet Inc.	$6.1M	4.5%	+0%	80.2
8	—	ISHARES TR	$3.8M	2.8%	+0%	—
9	$MSFT	MICROSOFT CORP	$3.1M	2.2%	+0%	83.7
10	$AMZN	AMAZON COM INC	$3.0M	2.1%	+0%	74.6
11	—	ISHARES INC	$2.5M	1.8%	+0%	—
12	—	VANECK ETF TRUST	$1.6M	1.2%	+0%	—
13	$CNP	CENTERPOINT ENERGY INC	$701,350	0.5%	+0%	55.9
14	$EXC	EXELON CORP	$650,691	0.5%	+0%	63.9
15	$CEG	Constellation Energy Corp	$616,584	0.5%	+0%	62.5
16	$PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$433,082	0.3%	+0%	74.6
17	$DUK	Duke Energy CORP	$400,676	0.3%	+0%	64
18	$HOOD	Robinhood Markets, Inc.	$302,425	0.2%	+0%	75.8
19	$D	DOMINION ENERGY, INC	$207,097	0.1%	NEW	74.9