LSP Investment Advisors, LLC Diversified Active

Location: New York, NY

CIK: 0001728850 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $138M (100.0% shares, 0.0% debt)

Holdings (19)

New Positions (1)

D DOMINION ENERGY INC 0.2%

Value $207K Shares 3,350 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
D	DOMINION ENERGY INC	3,350	$207K	0.2%	—	—	COM	25746U109

Exited Positions (3)

CRK COMSTOCK RES INC 6.9%

Value $9.501M Shares 409,900 Est. Cost — Unrealized —

AR ANTERO RESOURCES CORP 4.7%

Value $6.53M Shares 189,500 Est. Cost — Unrealized —

BATL BATTALION OIL CORP 1.9%

Value $2.678M Shares 2,369,769 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRK	COMSTOCK RES INC	409,900	$9.501M	6.9%	—	—	—	205768302
AR	ANTERO RESOURCES CORP	189,500	$6.53M	4.7%	—	—	—	03674X106
BATL	BATTALION OIL CORP	2,369,769	$2.678M	1.9%	—	—	—	07134L107

Decreased Positions (3)

EXE EXPAND ENERGY CORPORATION 25.5%

Value $35.1M (-37.6%) Shares 319,717 (-37.3%) Est. Cost — Unrealized —

EQT EQT CORP 24.5%

Value $33.75M (-17.6%) Shares 530,300 (-30.6%) Est. Cost — Unrealized —

GPOR GULFPORT ENERGY CORP 15.2%

Value $20.9M (-7.9%) Shares 98,800 (-9.4%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EXE	EXPAND ENERGY CORPORATION	319,717 (-37.3%)	$35.1M (-37.6%)	25.5%	—	—	COM	165167735
EQT	EQT CORP	530,300 (-30.6%)	$33.75M (-17.6%)	24.5%	—	—	COM	26884L109
GPOR	GULFPORT ENERGY CORP	98,800 (-9.4%)	$20.9M (-7.9%)	15.2%	—	—	COMMON SHARES	402635502

Unchanged Positions (15)

MSFT MICROSOFT CORP 2.2%

Value $3.065M Shares 8,280 Est. Cost — Unrealized —

GOOG ALPHABET INC 4.5%

Value $6.139M Shares 21,400 Est. Cost — Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 8.6%

Value $11.81M Shares 18,164 Est. Cost — Unrealized —

GDX VANECK ETF TRUST 4.7%

Value $6.47M Shares 70,500 Est. Cost — Unrealized —

AMZN AMAZON COM INC 2.1%

Value $2.957M Shares 14,200 Est. Cost — Unrealized —

EEM ISHARES TR 4.5%

Value $6.18M Shares 108,830 Est. Cost — Unrealized —

HOOD ROBINHOOD MKTS INC 0.2%

Value $302K Shares 4,364 Est. Cost — Unrealized —

CEG CONSTELLATION ENERGY CORP 0.4%

Value $617K Shares 2,208 Est. Cost — Unrealized —

EWJ ISHARES INC 1.8%

Value $2.533M Shares 30,000 Est. Cost — Unrealized —

GDXJ VANECK ETF TRUST 1.2%

Value $1.631M Shares 13,584 Est. Cost — Unrealized —

CNP CENTERPOINT ENERGY INC 0.5%

Value $701K Shares 16,250 Est. Cost — Unrealized —

EXC EXELON CORP 0.5%

Value $651K Shares 13,274 Est. Cost — Unrealized —

DUK DUKE ENERGY CORP NEW 0.3%

Value $401K Shares 3,060 Est. Cost — Unrealized —

IWM ISHARES TR 2.8%

Value $3.844M Shares 15,500 Est. Cost — Unrealized —

PEG PUBLIC SVC ENTERPRISE GROUP 0.3%

Value $433K Shares 5,350 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	8,280	$3.065M	2.2%	—	—	COM	594918104
GOOG	ALPHABET INC	21,400	$6.139M	4.5%	—	—	CAP STK CL C	02079K107
SPY	STATE STR SPDR S&P 500 ETF T	18,164	$11.81M	8.6%	—	—	TR UNIT	78462F103
GDX	VANECK ETF TRUST	70,500	$6.47M	4.7%	—	—	GOLD MINERS ETF	92189F106
AMZN	AMAZON COM INC	14,200	$2.957M	2.1%	—	—	COM	023135106
EEM	ISHARES TR	108,830	$6.18M	4.5%	—	—	MSCI EMG MKT ETF	464287234
HOOD	ROBINHOOD MKTS INC	4,364	$302K	0.2%	—	—	COM CL A	770700102
CEG	CONSTELLATION ENERGY CORP	2,208	$617K	0.4%	—	—	COM	21037T109
EWJ	ISHARES INC	30,000	$2.533M	1.8%	—	—	MSCI JAPAN ETF	46434G822
GDXJ	VANECK ETF TRUST	13,584	$1.631M	1.2%	—	—	JUNIOR GOLD MINE	92189F791
CNP	CENTERPOINT ENERGY INC	16,250	$701K	0.5%	—	—	COM	15189T107
EXC	EXELON CORP	13,274	$651K	0.5%	—	—	COM	30161N101
DUK	DUKE ENERGY CORP NEW	3,060	$401K	0.3%	—	—	COM NEW	26441C204
IWM	ISHARES TR	15,500	$3.844M	2.8%	—	—	RUSSELL 2000 ETF	464287655
PEG	PUBLIC SVC ENTERPRISE GROUP	5,350	$433K	0.3%	—	—	COM	744573106