LSP Investment Advisors, LLC

New York, NY · CIK 1728850 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$12.6bn
Staff224 · 121 in investment roles
Main clients (by assets)Private funds 100%
Private funds9 · $13.9bn gross assets
Form ADV · 2026-04-30SEC adviser record

Kindprivate equity
Others nearbyNew York, NY, East Brunswick, NJ, Chesterfield, MO, San Diego, CA

As an employer

Offices in1 country
Private fundsprivate equity 9

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 109
East Brunswick, NJUnited States	United States	8
Chesterfield, MOUnited States	United States	3
San Diego, CAUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$108.9m reported value -20.9% vs Q1 2026

18positions

94.9%in top 10

0 new 0 added 14 reduced 1 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Gen IV Investment Opportunities, LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	EXPAND ENERGY CORPORATION COM EXE	EXE	319,717	$29.2m26.78%	26.78%	Unchanged
2	EQT CORP COM EQT	EQT	530,300	$28.2m25.90%	25.90%	Unchanged
3	GULFPORT ENERGY CORP COMMON SHARES GPOR	GPOR	98,800	$16.8m15.40%	15.40%	Unchanged
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	8,152	$6.1m5.58%	5.58%	Reduced -10.0k	-10,012 -55.1%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	15,734	$5.6m5.11%	5.11%	Reduced -5.7k	-5,666 -26.5%
6	ISHARES TR MSCI EMG MKT ETF EEM	EEM	80,012	$5.5m5.03%	5.03%	Reduced -28.8k	-28,818 -26.5%
7	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	51,832	$3.9m3.59%	3.59%	Reduced -18.7k	-18,668 -26.5%
8	ISHARES TR RUSSELL 2000 ETF IWM	IWM	11,396	$3.4m3.14%	3.14%	Reduced -4.1k	-4,104 -26.5%
9	AMAZON COM INC COM AMZN	AMZN	10,440	$2.5m2.29%	2.29%	Reduced -3.8k	-3,760 -26.5%
10	MICROSOFT CORP COM MSFT	MSFT	6,088	$2.3m2.09%	2.09%	Reduced -2.2k	-2,192 -26.5%
11	ISHARES INC MSCI JPN ETF NEW EWJ	EWJ	22,056	$2.1m1.89%	1.89%	Reduced -7.9k	-7,944 -26.5%
12	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	9,988	$981.3k0.90%	0.90%	Reduced -3.6k	-3,596 -26.5%
13	EXELON CORP COM EXC	EXC	11,520	$537.1k0.49%	0.49%	Reduced -1.8k	-1,754 -13.2%
14	CENTERPOINT ENERGY INC COM CNP	CNP	11,948	$526.2k0.48%	0.48%	Reduced -4.3k	-4,302 -26.5%
15	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	4,364	$437.6k0.40%	0.40%	Unchanged
16	CONSTELLATION ENERGY CORP COM CEG	CEG	1,624	$403.4k0.37%	0.37%	Reduced -584	-584 -26.4%
17	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	3,934	$319.3k0.29%	0.29%	Reduced -1.4k	-1,416 -26.5%
18	DUKE ENERGY CORP NEW COM NEW DUK	DUK	2,250	$284.8k0.26%	0.26%	Reduced -810	-810 -26.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DOMINION ENERGY INC D	D	3,350	$207.1k3.4k shares