Q4 2025 · 13F-HR
Nokomis Capital, L.L.C.holdings as filed
Filed 2026-02-17 · accession 0001214659-26-001974
$422.4M
Reported value
62
Positions
2025-12-31
Period end
The Brief · Nokomis Capital, L.L.C. · Q4 2025
AI · grounded in 13F
Nokomis Capital, L.L.C. established a new position in DIA valued at $25.1M. The fund also opened new stakes in DC for $8.4M and APLE for $5.7M. On the sell side, the fund closed its position in OTGAU for $4.2M and reduced its holdings in GLD by 68.7% and QQQ by 65.8%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 44955L106 | IAUX | I-80 GOLD CORP | $33.4M | 7.90% | 22,870,369 | Common | SOLE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $25.1M | 5.94% | 52,218 | Common | SOLE |
| 552953101 | MGM | MGM RESORTS INTERNATIONAL | $23.7M | 5.60% | 648,387 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $17.2M | 4.08% | 868,230 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $17.1M | 4.05% | 199,551 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $16.3M | 3.86% | 1,872,682 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $15.1M | 3.57% | 234,000 | CALL | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $14.7M | 3.48% | 1,598,948 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $13.0M | 3.07% | 728,171 | Common | SOLE |
| 07556Q881 | BZH | BEAZER HOMES USA INC | $12.7M | 3.01% | 626,394 | Common | SOLE |
| 44955L155 | IAUX/WS | I-80 GOLD CORP | $12.2M | 2.89% | 12,999,999 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $11.6M | 2.73% | 335,208 | Common | SOLE |
| 85207Q104 | SPPP | SPROTT ASSET MANAGEMENT LP | $11.5M | 2.72% | 682,500 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $10.7M | 2.53% | 74,400 | PUT | SOLE |
| 824889109 | SCVL | SHOE CARNIVAL INC | $10.5M | 2.48% | 619,747 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $10.1M | 2.40% | 16,500 | PUT | SOLE |
| 39525U107 | GFR | GREENFIRE RES LTD NEW | $10.1M | 2.38% | 2,113,249 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $9.9M | 2.35% | 419,082 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $9.8M | 2.32% | 86,315 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $9.5M | 2.24% | 497,531 | Common | SOLE |
| 48251K100 | KREF | KKR REAL ESTATE FIN TR INC | $9.0M | 2.12% | 1,091,820 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $8.5M | 2.02% | 324,717 | Common | SOLE |
| 46655E100 | DC | DAKOTA GOLD CORP | $8.4M | 1.99% | 1,480,885 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $8.0M | 1.90% | 43,000 | PUT | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $7.9M | 1.88% | 20,000 | CALL | SOLE |
| 032108649 | SILJ | AMPLIFY ETF TR | $7.2M | 1.69% | 258,634 | Common | SOLE |
| 68828E809 | ODV | OSISKO DEVELOPMENT CORP | $7.0M | 1.65% | 2,000,000 | Common | SOLE |
| 92859G608 | VZLA | VIZSLA SILVER CORP | $6.3M | 1.48% | 1,143,852 | Common | SOLE |
| 03784Y200 | APLE | APPLE HOSPITALITY REIT INC | $5.7M | 1.35% | 479,576 | Common | SOLE |
| 29415C101 | EOSE | EOS ENERGY ENTERPRISES INC | $5.0M | 1.19% | 439,800 | PUT | SOLE |
| 00489Q102 | ACR | ACRES COMMERCIAL REALTY CORP | $4.8M | 1.14% | 224,973 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $4.3M | 1.02% | 124,431 | Common | SOLE |
| 00217D100 | ASTS | AST SPACEMOBILE INC | $3.9M | 0.93% | 54,200 | PUT | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $3.8M | 0.89% | 9,517 | Common | SOLE |
| 87266M107 | TRTX | TPG RE FIN TR INC | $3.3M | 0.79% | 389,074 | Common | SOLE |
| 358010106 | FEIM | FREQUENCY ELECTRS INC | $3.1M | 0.73% | 57,617 | Common | SOLE |
| 156492100 | CNTY | CENTURY CASINOS INC | $2.9M | 0.69% | 2,179,575 | Common | SOLE |
| 536797103 | LAD | LITHIA MTRS INC | $2.7M | 0.64% | 8,172 | Common | SOLE |
| 532275104 | LWLG | LIGHTWAVE LOGIC INC | $2.4M | 0.58% | 750,000 | Common | SOLE |
| G6791A100 | OTGA | OTG ACQUISITION CORP. I | $2.4M | 0.56% | 235,030 | Common | SOLE |
| 577345101 | MLP | MAUI LD & PINEAPPLE INC | $2.3M | 0.54% | 134,419 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $2.1M | 0.51% | 150,100 | Common | SOLE |
| 700517105 | PK | PARK HOTELS & RESORTS INC | $2.1M | 0.50% | 203,524 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $1.9M | 0.44% | 48,405 | Common | SOLE |
| 44952J104 | CRGY | CRESCENT ENERGY COMPANY | $1.8M | 0.43% | 217,903 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $1.7M | 0.41% | 20,200 | CALL | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $1.5M | 0.36% | 62,033 | Common | SOLE |
| 55445L100 | MNR | MACH NATURAL RESOURCES LP | $1.5M | 0.35% | 134,780 | Common | SOLE |
| G7633M104 | DRDB | ROMAN DBDR ACQUISITION CORP | $1.4M | 0.32% | 130,026 | Common | SOLE |
| 070830104 | BBWI | BATH & BODY WORKS INC | $1.2M | 0.28% | 59,017 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $748,705 | 0.18% | 83,005 | Common | SOLE |
| 040712101 | ARKR | ARK RESTAURANTS CORP | $719,628 | 0.17% | 107,327 | Common | SOLE |
| 69047Q102 | OVV | OVINTIV INC | $713,258 | 0.17% | 18,200 | Common | SOLE |
| 152006102 | CGAU | CENTERRA GOLD INC | $586,555 | 0.14% | 40,818 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $495,612 | 0.12% | 15,600 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $297,900 | 0.07% | 6,000 | CALL | SOLE |
| 836100107 | SOUN | SOUNDHOUND AI INC | $244,265 | 0.06% | 24,500 | PUT | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $147,914 | 0.04% | 1,300 | CALL | SOLE |
| G7633M112 | DRDBW | ROMAN DBDR ACQUISITION CORP | $100,843 | 0.02% | 165,317 | Common | SOLE |
| 032108649 | SILJ | AMPLIFY ETF TR | $58,107 | 0.01% | 2,100 | CALL | SOLE |
| G6791A118 | OTGAW | OTG ACQUISITION CORP. I | $37,605 | 0.01% | 117,515 | Common | SOLE |
| 60743G118 | MOBXW | MOBIX LABS INC | $2,708 | 0.00% | 30,093 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.