Stocks/Funds/CIK 1728850

LSP Investment Advisors, LLC

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1728850
Assets
$138M
+18.3% YoY
Holdings
19
Lifetime alpha vs market
+6.69% annual
Average hold time
4.5 yr
median 4.8 yr

Quarterly history

Cum return +184% vs S&P +86% · α +98% lifetimeAUM $138M · peak $430MFlow $-61M (-32%)2017-122019-032020-062021-092022-122024-032025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+4.19%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.74%
baseline attrition
Rally response
+4.50%
adds into rallies
when a holding rises +10%+

Top positions · 19

Ticker$ value% portYoYHold time
EXEExpand Energy Corporatio$35M25.5%+1.7%3.3 yr
EQTEQT Corporation$34M24.5%+20.5%4.0 yr
GPORGulfport Energy Corporat$21M15.2%+14.9%2.8 yr
SPYState Street SPDR S&P 50$12M8.6%+17.6%6.5 yr
GDXVanEck Gold Miners ETF$6M4.7%4.8 yr
EEMiShares MSCI Emerging Ma$6M4.5%4.8 yr
GOOGAlphabet Inc.$6M4.5%+84.3%4.8 yr
IWMiShares Russell 2000 ETF$4M2.8%4.8 yr
MSFTMicrosoft Corporation$3M2.2%-0.6%4.8 yr
AMZNAmazon.com, Inc.$3M2.1%+9.5%4.8 yr
EWJiShares MSCI Japan ETF$3M1.8%2.0 yr
GDXJVanEck Junior Gold Miner$2M1.2%4.8 yr
CNPCenterPoint Energy, Inc.$1M0.5%+21.9%4.8 yr
EXCExelon Corporation$1M0.5%+10.2%8.5 yr
CEGConstellation Energy Cor$1M0.4%+39.2%4.0 yr

Portfolio composition (YoY)

Industry mix
Oil & Gas Exploration & Production65.2%+16.5pp$90M
Asset Management23.6%-15.3pp$32M
Internet Content & Information4.5%+1.6pp$6M
Software - Infrastructure2.2%-0.4pp$3M
Specialty Retail2.1%-0.2pp$3M
Regulated Electric1.2%+0.0pp$2M
Diversified Utilities0.5%+0.0pp$1M
Renewable Utilities0.4%+0.1pp$1M
Financial - Capital Markets0.2%-0.3pp$0M
Country
US100.0%+0.0pp
Top 5: 78.5% · Top 10: 94.6% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
SPY$31M+0.01B17.6%
EQT$26M+0.01B20.5%
GOOG$3M+0.00B84.3%
HOOD$1M+0.00B66.5%
EXE$20M+0.00B1.7%

Losers

TickerPrev $PnLYoY %
MSFT$3M-0.00B-0.6%

Top buys this quarter · 0

No buys this quarter

Top sells this quarter · 6

EXE Expand Energy Corporation$21M
EQT EQT Corporation$15M
BATL Battalion Oil Corporationexit$9M
CRK Comstock Resources, Inc.exit$9M
AR Antero Resources Corporationexit$8M
GPOR Gulfport Energy Corporation$2M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$138M19+19.75%+17.59%+2.16%-0.06B
2025-12-31$188M21+14.44%+17.72%-3.27%+0.02B
2025-09-30$166M22+5.13%+17.52%-12.38%+0.03B
2025-06-30$139M20+23.90%+14.94%+8.96%+0.01B
2025-03-31$116M21+7.19%+8.30%-1.11%-0.03B
2024-12-31$143M21+7.57%+24.89%-17.31%-0.03B
2024-09-30$186M26+33.68%+36.04%-2.36%-0.02B
2024-06-30$176M27+22.05%+24.49%-2.44%-0.00B
2024-03-31$186M26+41.67%+29.62%+12.05%-0.03B
2023-12-31$211M26+33.01%+26.18%+6.83%-0.03B
2023-09-30$203M23+4.18%+21.57%-17.38%+0.01B
2023-06-30$178M23+11.74%+19.42%-7.68%-0.02B
2023-03-31$178M24-14.96%-7.82%-7.15%-0.04B
2022-12-31$227M27-14.64%-18.17%+3.53%+0.01B
2022-09-30$236M30+2.09%-15.51%+17.59%-0.05B
2022-06-30$253M32+36.58%-10.62%+47.20%-0.03B