LSP Investment Advisors, LLC

Est. AUM

$137.7M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	EXPAND ENERGY CORPORATION	COM	$35.1M	319717	25.49%	DFND
2	EQT CORP	COM	$33.7M	530300	24.51%	DFND
3	GULFPORT ENERGY CORP	COMMON SHARES	$20.9M	98800	15.18%	DFND
4	STATE STR SPDR S&P 500 ETF T	TR UNIT	$11.8M	18164	8.58%	DFND
5	VANECK ETF TRUST	GOLD MINERS ETF	$6.5M	70500	4.70%	DFND
6	ISHARES TR	MSCI EMG MKT ETF	$6.2M	108830	4.49%	DFND
7	ALPHABET INC	CAP STK CL C	$6.1M	21400	4.46%	DFND
8	ISHARES TR	RUSSELL 2000 ETF	$3.8M	15500	2.79%	DFND
9	MICROSOFT CORP	COM	$3.1M	8280	2.23%	DFND
10	AMAZON COM INC	COM	$3.0M	14200	2.15%	DFND
11	ISHARES INC	MSCI JAPAN ETF	$2.5M	30000	1.84%	DFND
12	VANECK ETF TRUST	JUNIOR GOLD MINE	$1.6M	13584	1.18%	DFND
13	CENTERPOINT ENERGY INC	COM	$701K	16250	0.51%	DFND
14	EXELON CORP	COM	$651K	13274	0.47%	DFND
15	CONSTELLATION ENERGY CORP	COM	$617K	2208	0.45%	DFND
16	PUBLIC SVC ENTERPRISE GROUP	COM	$433K	5350	0.31%	DFND
17	DUKE ENERGY CORP NEW	COM NEW	$401K	3060	0.29%	DFND
18	ROBINHOOD MKTS INC	COM CL A	$302K	4364	0.22%	DFND
19	DOMINION ENERGY INC	COM	$207K	3350	0.15%	DFND

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.