Nokomis Capital, L.L.C. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Nokomis Capital, L.L.C. disclosed 50 US equity positions worth $359.1m in its Q4 2025 13F filing. The largest position was IAUX at 9.3% of the reported book, followed by DIA and MGM. Against the Q3 2025 filing, it opened 11 new positions, added to 11 and reduced 10 among the top 50 holdings.
What did Nokomis Capital, L.L.C. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | IAUX I-80 GOLD CORP | 9.3% | $33.4m | 22,870,369 | -0% | held | |
| 2 | DIA SPDR DOW JONES INDL AVERAGE | 7.0% | $25.1m | 52,218 | – | new | |
| 3 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 6.6% | $23.7m | 648,387 | -1% | reduced |
| 4 | HBM HUDBAY MINERALS INC | Basic Materials | 4.8% | $17.2m | 868,230 | 0% | held |
| 5 | GDX VANECK ETF TRUST | 4.8% | $17.1m | 199,551 | -11% | reduced | |
| 6 | NGDN NEW GOLD INC CDA | 4.5% | $16.3m | 1,872,682 | -1% | reduced | |
| 7 | NXE NEXGEN ENERGY LTD | Energy | 4.1% | $14.7m | 1,598,948 | 8% | added |
| 8 | CDE COEUR MNG INC | Basic Materials | 3.6% | $13.0m | 728,171 | 0% | held |
| 9 | BZH BEAZER HOMES USA INC | Consumer Cyclical | 3.5% | $12.7m | 626,394 | 33% | added |
| 10 | I-80 GOLD CORP | 3.4% | $12.2m | 12,999,999 | 0% | held | |
| 11 | AR ANTERO RESOURCES CORP | Energy | 3.2% | $11.6m | 335,208 | 0% | held |
| 12 | SPROTT ASSET MANAGEMENT LP | 3.2% | $11.5m | 682,500 | 26% | added | |
| 13 | SHOE SHOE CARNIVAL INC | 2.9% | $10.5m | 619,747 | 66% | added | |
| 14 | GFR GREENFIRE RES LTD NEW | 2.8% | $10.1m | 2,113,249 | 82% | added | |
| 15 | SPROTT ASSET MANAGEMENT LP | 2.8% | $9.9m | 419,082 | -21% | reduced | |
| 16 | GDXJ VANECK ETF TRUST | 2.7% | $9.8m | 86,315 | 0% | held | |
| 17 | HNRG HALLADOR ENERGY COMPANY | Utilities | 2.6% | $9.5m | 497,531 | 37% | added |
| 18 | KREF KKR REAL ESTATE FIN TR INC | 2.5% | $9.0m | 1,091,820 | 136% | added | |
| 19 | CTRA COTERRA ENERGY INC | 2.4% | $8.5m | 324,717 | 5% | added | |
| 20 | DC DAKOTA GOLD CORP | 2.3% | $8.4m | 1,480,885 | – | new | |
| 21 | SILJ AMPLIFY ETF TR | 2.0% | $7.2m | 258,634 | -25% | reduced | |
| 22 | NPDEUR OSISKO DEVELOPMENT CORP | 1.9% | $7.0m | 2,000,000 | 0% | held | |
| 23 | VZLA VIZSLA SILVER CORP | 1.7% | $6.3m | 1,143,852 | 0% | held | |
| 24 | APLE APPLE HOSPITALITY REIT INC | Real Estate | 1.6% | $5.7m | 479,576 | – | new |
| 25 | ACR ACRES COMMERCIAL REALTY CORP | 1.3% | $4.8m | 224,973 | -3% | reduced | |
| 26 | SEADRILL LTD | 1.2% | $4.3m | 124,431 | -56% | reduced | |
| 27 | GLD SPDR GOLD TR | 1.1% | $3.8m | 9,517 | 66% | added | |
| 28 | TRTX TPG RE FIN TR INC | Real Estate | 0.9% | $3.3m | 389,074 | 0% | held |
| 29 | FEIM FREQUENCY ELECTRS INC | 0.9% | $3.1m | 57,617 | -39% | reduced | |
| 30 | CNTY CENTURY CASINOS INC | 0.8% | $2.9m | 2,179,575 | 0% | held | |
| 31 | LAD LITHIA MTRS INC | Consumer Cyclical | 0.8% | $2.7m | 8,172 | – | new |
| 32 | LWLG LIGHTWAVE LOGIC INC | 0.7% | $2.4m | 750,000 | – | new | |
| 33 | OTG ACQUISITION CORP. I | 0.7% | $2.4m | 235,030 | – | new | |
| 34 | MLP MAUI LD & PINEAPPLE INC | 0.6% | $2.3m | 134,419 | 47% | added | |
| 35 | SBSW SIBANYE STILLWATER LTD | Basic Materials | 0.6% | $2.1m | 150,100 | 0% | held |
| 36 | PK PARK HOTELS & RESORTS INC | Real Estate | 0.6% | $2.1m | 203,524 | – | new |
| 37 | AGI ALAMOS GOLD INC NEW | Basic Materials | 0.5% | $1.9m | 48,405 | 0% | held |
| 38 | CRGY CRESCENT ENERGY COMPANY | 0.5% | $1.8m | 217,903 | 0% | held | |
| 39 | PPTA PERPETUA RESOURCES CORP | 0.4% | $1.5m | 62,033 | 0% | held | |
| 40 | MACH NATURAL RESOURCES LP | 0.4% | $1.5m | 134,780 | 0% | held | |
| 41 | ROMAN DBDR ACQUISITION CORP | 0.4% | $1.4m | 130,026 | -81% | reduced | |
| 42 | BBWI BATH & BODY WORKS INC | Consumer Cyclical | 0.3% | $1.2m | 59,017 | – | new |
| 43 | SOC SABLE OFFSHORE CORP | 0.2% | $748.7k | 83,005 | 0% | held | |
| 44 | ARKR ARK RESTAURANTS CORP | 0.2% | $719.6k | 107,327 | 417% | added | |
| 45 | OVV OVINTIV INC | Energy | 0.2% | $713.3k | 18,200 | – | new |
| 46 | CGAU CENTERRA GOLD INC | Basic Materials | 0.2% | $586.6k | 40,818 | 0% | held |
| 47 | EWZ ISHARES INC | 0.1% | $495.6k | 15,600 | – | new | |
| 48 | ROMAN DBDR ACQUISITION CORP | 0.0% | $100.8k | 165,317 | -56% | reduced | |
| 49 | OTG ACQUISITION CORP. I | 0.0% | $37.6k | 117,515 | – | new | |
| 50 | MOBIX LABS INC | 0.0% | $2.7k | 30,093 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.