LSP Investment Advisors, LLC

Portfolio Overview

LSP Investment Advisors, LLC disclosed 18 positions worth $108.9M in its Form 13F-HR for Q2 2026, led by $EXE (EXPAND ENERGY Corp) at 26.8% of the equity portfolio, followed by $EQT and $GPOR. During the quarter the fund opened 0 new positions and exited 1 and a full exit from $D. The portfolio is most concentrated in Energy (68.1% 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

  80.6#23

  Quality

  $29.2M319,717 sh
• 

  EQT Corp

  $EQT

  83.5#11

  Quality

  $28.2M530,300 sh
• 

  GULFPORT ENERGY CORP

  $GPOR

  72.1#156

  Quality

  $16.8M98,800 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $6.1M8,152 sh
• 

  Alphabet Inc.

  $GOOGL

  78.1

  Quality

  $5.6M15,734 sh

• ISHARES TR - MSCI EMG MKT ETF

  —

  Quality

  $5.5M80,012 sh

• VANECK ETF TRUST - GOLD MINERS ETF

  —

  Quality

  $3.9M51,832 sh

• ISHARES TR - RUSSELL 2000 ETF

  —

  Quality

  $3.4M11,396 sh
• 

  AMAZON COM INC

  $AMZN

  68.4

  Quality

  $2.5M10,440 sh
• 

  MICROSOFT CORP

  $MSFT

  79.7

  Quality

  $2.3M6,088 sh

Company	Quality	Value	Shares
EXPAND ENERGY Corp$EXE	80.6#23	$29.2M	319,717
EQT Corp$EQT	83.5#11	$28.2M	530,300
GULFPORT ENERGY CORP$GPOR	72.1#156	$16.8M	98,800
SPDR S&P 500 ETF TRUST$SPY	—	$6.1M	8,152
Alphabet Inc.$GOOGL	78.1	$5.6M	15,734
ISHARES TR - MSCI EMG MKT ETF	—	$5.5M	80,012
VANECK ETF TRUST - GOLD MINERS ETF	—	$3.9M	51,832
ISHARES TR - RUSSELL 2000 ETF	—	$3.4M	11,396
AMAZON COM INC$AMZN	68.4	$2.5M	10,440
MICROSOFT CORP$MSFT	79.7	$2.3M	6,088

Showing top 10 of 18 holdings.

Full Holdings — LSP Investment Advisors, LLC (Q2 2026)

All 18 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	$29.2M	26.8%	+0%	80.6
2	$EQT	EQT Corp	$28.2M	25.9%	+0%	83.5
3	$GPOR	GULFPORT ENERGY CORP	$16.8M	15.4%	+0%	72.1
4	$SPY	SPDR S&P 500 ETF TRUST	$6.1M	5.6%	-55%	—
5	$GOOGL	Alphabet Inc.	$5.6M	5.1%	-26%	78.1
6	—	ISHARES TR - MSCI EMG MKT ETF	$5.5M	5.0%	-26%	—
7	—	VANECK ETF TRUST - GOLD MINERS ETF	$3.9M	3.6%	-26%	—
8	—	ISHARES TR - RUSSELL 2000 ETF	$3.4M	3.1%	-26%	—
9	$AMZN	AMAZON COM INC	$2.5M	2.3%	-26%	68.4
10	$MSFT	MICROSOFT CORP	$2.3M	2.1%	-26%	79.7
11	—	ISHARES INC - MSCI JAPAN ETF	$2.1M	1.9%	-26%	—
12	—	VANECK ETF TRUST - JUNIOR GOLD MINE	$981,321	0.9%	-26%	—
13	$EXC	EXELON CORP	$537,062	0.5%	-13%	59.3
14	$CNP	CENTERPOINT ENERGY INC	$526,190	0.5%	-26%	52.9
15	$HOOD	Robinhood Markets, Inc.	$437,622	0.4%	+0%	81.9
16	$CEG	Constellation Energy Corp	$403,353	0.4%	-26%	59.2
17	$PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$319,283	0.3%	-26%	60.7
18	$DUK	Duke Energy CORP	$284,805	0.3%	-26%	56