LSP Investment Advisors, LLC

CIK

1728850

Location

New York, NY

Portfolio Value

Small $110,897,061

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,481 / 8,605 ▼ 662 · as of Mar 2026

Top Industry

Oil & Gas E&P 90.6%

3Y Alpha vs SPY

-10.4%

Period ended 3 months ago

Filed May 15, 2026 · 56d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+35.2%

SPY

+75.5%

Annualised alpha

-10.1%

Max drawdown

−27.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

13 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.6%

−3.2 pts

Top 5

94.3%

+6.6 pts

Top 10

99.2%

+0.7 pts

HHI

2,413

Moderately concentrated+237

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	80.9%	$89,749,940	3
Unclassified	10.7%	$11,812,775	1
Technology	2.8%	$3,065,007	1
Utilities	2.7%	$3,009,480	6
Consumer Cyclical	2.7%	$2,957,434	1
Financial Services	0.3%	$302,425	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
EQT	EQT Corp	−234,200	530,300	$33,748,292
EXE	EXPAND ENERGY Corp	−190,000	319,717	$35,098,532
GPOR	Gulfport Energy Corp	−10,300	98,800	$20,903,116
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
D	Dominion Energy, Inc	3,350	$207,097
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
CRK	Comstock Resources Inc	409,900	$9,501,482
AR	ANTERO RESOURCES Corp	189,500	$6,530,170
BATL	Battalion Oil Corp	2,369,769	$2,677,838
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $110,897,061 total · as of Mar 31, 2026

All sectors Consumer Cyclical Energy Financial Services Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EXE	EXPAND ENERGY Corp Energy	Reduced	319,717	-190,000	$35,098,532	−37.6%	31.65%
EQT	EQT Corp Energy	Reduced	530,300	-234,200	$33,748,292	−17.6%	30.43%
GPOR	Gulfport Energy Corp Energy	Reduced	98,800	-10,300	$20,903,116	−7.9%	18.85%
SPY	Spdr S&P 500 ETF Trust	Held	18,164	0	$11,812,775	−4.6%	10.65%
MSFT	Microsoft Corp Technology	Held	8,280	0	$3,065,007	−23.5%	2.76%
AMZN	Amazon Com Inc Consumer Cyclical	Held	14,200	0	$2,957,434	−9.8%	2.67%
CNP	Centerpoint Energy Inc Utilities	Held	16,250	0	$701,350	+12.6%	0.63%
EXC	Exelon Corp Utilities	Held	13,274	0	$650,691	+12.5%	0.59%
CEG	Constellation Energy Corp Utilities	Held	2,208	0	$616,584	−21.0%	0.56%
PEG	Public Service Enterprise Group Inc Utilities	Held	5,350	0	$433,082	+0.8%	0.39%
DUK	Duke Energy CORP Utilities	Held	3,060	0	$400,676	+11.7%	0.36%
HOOD	Robinhood Markets, Inc. Financial Services	Held	4,364	0	$302,425	−38.7%	0.27%
D	Dominion Energy, Inc Utilities	NEW	3,350	NEW	$207,097	NEW	0.19%