Nokomis Capital, L.L.C portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · amendment (replaces the original) of Aug 21, 2026 ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Nokomis Capital, L.L.C reported a $273M portfolio of 44 companies (48 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are IAUX, CDE, OGC. During the quarter it opened OceanaGold and Service Properties Trust and exited Vaneck ETF Trust and Lightwave Logic.
Sections with a free account
What changed this quarter
40 positions with a change (5 new, 3 added to, 29 trimmed, 3 sold); also, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- OceanaGold+5.6 ppof portfolioNew— → 6.8%
- MGM Resorts International−91%fewer sharesReduced4.7% → 0.7%
- State Str Spdr DOW Jones IND−52%fewer sharesReduced5.4% → 3.6%
- Hudbay Minerals+71%more sharesIncreased2.9% → 6.7%
- Vaneck ETF Trust−2.1 ppof portfolioSold out2.1% → —
- Sprott Asset Management−78%fewer sharesReduced3.1% → 0.6%
- Service Properties Trust+1.8 ppof portfolioNew— → 2.1%
- NexGen Energy−46%fewer sharesReduced4.5% → 2.4%
- i-80 GOLD−17%fewer sharesReduced10.2% → 9.7%
- Coeur Mining−18%fewer sharesReduced9.4% → 8.2%
- KKR Real Estate Finance Trust−61%fewer sharesReduced2.1% → 1.1%
- Lightwave Logic−1.2 ppof portfolioSold out1.2% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- i-80 GOLDIAUX9.7%
- Coeur MiningCDE8.2%
- OceanaGoldOGC6.8%
- Hudbay MineralsHBM6.7%
- Lithia MotorsLAD6.7%
- Beazer Homes USABZH5.2%
- Antero ResourcesAR4.6%
- I-80 GoldIAUX/WS(warrant)3.9%
- State Str Spdr DOW Jones INDDIA3.6%
- Greenfire ResourcesGFR3.3%
- Sprott Asset ManagementSPPP · PSLV3.1%
- Shoe Station GroupSHOE2.7%
- Integra ResourcesITRG2.6%
- Dakota GoldDC2.5%
- NexGen EnergyNXE2.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 34%
- ● No sector 22%
- ● Consumer Discretionary 18%
- ● Energy 15%
- ● Real Estate 9%
- ● SPAC / vehículos 1%
How its portfolio changed (8 quarters)
Q2 2026: 48
Q2 2026: 59%
Q2 2026: 19.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q2 2026 ↗filed Aug 14, 2026Amendment of Aug 21, 2026 (replaces the original) ↗
Declared options (7)
Besides stocks, Nokomis Capital, L.L.C declared 5 puts (they gain if the stock falls) and 2 calls (they gain if it rises) with a notional of $17.7M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTAST SpacemobileASTS$14.8M
- PUTNVIDIANVDA$1.0M
- PUTInvesco QQQ Trust Series 1 ETFQQQnew this quarter$884K
- CALLSPDR Gold Shares ETFGLD$405K
- PUTEos Energy EnterprisesEOSE$290K
- CALLVaneck ETF TrustGDXJ$197K
- PUTSoundhound AISOUN$114K
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 23, 2026 (high confidence).
The data, as reported: NOKOMIS CAPITAL, L.L.C. (CRD 145627): 7.B private funds: 1 hedge (gross assets $637M); 5.D assets by client type: pooled vehicles 79%, charities 21% (of $804M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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