GeoSphere Capital Management, LLC
Reported holdings as of Q2 2026, from 19 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $37.3M | options only | -1.74pp | 7q | OPTIONS | |
| INVESCO QQQ TR OPT | QQQ | $33.1M | options only | -2.63pp | 2q | OPTIONS | |
| ISHARES TR OPT | IWM | $27.0M | options only | - | new | OPTIONS | |
| NATIONAL ENERGY SERVICES REU | NESR | $23.9M | 799,578 | +2.66pp | 7q | +45.5%+$7.5M | |
| BKV CORP | BKV | $15.9M | 581,689 | -1.56pp | 8q | +7.4%+$1.1M | |
| TERAWULF INC | WULF | $12.9M | 522,574 | +1.57pp | 3q | +24.8%+$2.6M | |
| CORE NATURAL RESOURCES INC | CNR | $12.6M | 157,926 | -2.19pp | 6q | +14.5%+$1.6M | |
| FLUOR CORP | FLR | $10.9M | 208,000 | +1.36pp | 2q | +92.6%+$5.2M | |
| SOLARIS ENERGY INFRAS INC | SEI | $9.3M | 115,366 | +0.92pp | 6q | +35.1%+$2.4M | |
| VISTA ENERGY S.A.B. DE C.V. | VIST | $8.8M | 137,473 | -1.26pp | 2q | +10.0%+$795.8K | |
| CAMECO CORP | CCJ | $7.1M | 69,363 | -0.51pp | 13q | +16.8%+$1.0M | |
| HMH HLDG INC | $7.0M | 375,000 | - | new | NEW | ||
| ARIS MINING CORPORATION | ARIS | $6.3M | 420,000 | +0.83pp | 2q | +180.0%+$4.0M | |
| KOSMOS ENERGY LTD | KOS | $5.9M | 2,813,788 | -0.54pp | 2q | +38.0%+$1.6M | |
| BORR DRILLING LTD | BORR | $5.4M | 1,301,361 | +0.80pp | 3q | +242.4%+$3.8M | |
| UNITED STS OIL FD LP OPT | USO | $5.3M | options only | - | new | OPTIONS | |
| DELEK US HLDGS INC NEW | DK | $5.2M | 102,717 | -0.07pp | 4q | +14.1%+$646.2K | |
| ISHARES TR OPT | EFA | $5.2M | options only | - | new | OPTIONS | |
| LIBERTY ENERGY INC | LBRT | $4.6M | 173,768 | -0.20pp | 2q | +29.9%+$1.0M | |
| GENERAC HLDGS INC | GNRC | $4.4M | 15,000 | - | new | NEW | |
| VALERO ENERGY CORP | VLO | $4.2M | 16,000 | - | new | NEW | |
| CENOVUS ENERGY INC | CVE | $4.0M | 161,548 | -0.56pp | 5q | HELD | |
| HAFNIA LTD | HAFN | $3.5M | 525,000 | +0.26pp | 2q | +98.1%+$1.7M | |
| ISHARES BITCOIN TRUST ETF OPT | IBIT | $3.3M | options only | - | new | OPTIONS | |
| INNOVEX INTERNATIONAL INC | INVX | $3.3M | 131,066 | -0.20pp | 5q | +10.7%+$313.5K | |
| FRANCO NEV CORP | FNV | $3.1M | 15,000 | - | new | NEW | |
| DENISON MINES CORP | DNN | $3.0M | 977,106 | -0.53pp | 5q | HELD | |
| OCEANEERING INTL INC | OII | $2.8M | 69,689 | -0.94pp | 2q | -41.9%-$2.0M | |
| HALLADOR ENERGY COMPANY | HNRG | $2.6M | 150,000 | - | new | NEW | |
| UR-ENERGY INC | URG | $2.6M | 1,875,507 | -0.71pp | 2q | -21.0%-$680.0K | |
| BARRICK MNG CORP | B | $2.5M | 68,524 | -0.40pp | 3q | HELD | |
| TORM PLC | TRMD | $2.3M | 90,000 | - | new | NEW | |
| CF INDUSTRIES HOLD | CF | $2.2M | 20,000 | -0.64pp | 2q | -15.5%-$397.0K | |
| ANTERO RESOURCES CORP | AR | $2.1M | 60,000 | - | new | NEW | |
| GOLAR LNG LTD | GLNG | $2.0M | 40,000 | -0.30pp | 2q | HELD | |
| NEXGEN ENERGY LTD | NXE | $1.9M | 204,656 | -0.41pp | 5q | HELD | |
| IAMGOLD CORP | IAG | $1.7M | 110,000 | -0.19pp | 6q | +19.2%+$281.0K | |
| NAVIGATOR HLDGS LTD | NVGS | $1.7M | 92,000 | -0.22pp | 2q | HELD | |
| BLOOM ENERGY CORP | BE | $1.5M | 5,000 | - | new | NEW | |
| CENTURY ALUM CO | CENX | $1.5M | 32,000 | -1.62pp | 2q | -61.0%-$2.3M | |
| SANTACRUZ SILVER MNG LTD | SCZM | $1.3M | 200,000 | - | new | NEW | |
| PAN AMERN SILVER CORP | PAAS | $1.1M | 25,000 | -0.01pp | 2q | +56.9%+$406.1K | |
| STRATEGY INC OPT | MSTR | $1.1M | options only | - | new | OPTIONS | |
| DHT HOLDINGS INC | DHT | $991.8K | 60,000 | - | new | NEW | |
| FERMI INC OPT | FRMI | $916.0K | options only | - | new | OPTIONS | |
| DORIAN LPG LTD | LPG | $869.5K | 25,000 | -0.61pp | 2q | -58.3%-$1.2M |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $82.8M | 27.0% |
| Funds & ETFs | $70.5M | 23.0% |
| Mining & Metals | $44.7M | 14.6% |
| Banks & Lending | $14.0M | 4.6% |
| Industrials | $12.5M | 4.1% |
| Transport & Logistics | $11.4M | 3.7% |
| Construction & Building | $10.9M | 3.6% |
| Capital Markets | $8.7M | 2.8% |
| Semiconductors & Electronics | $5.9M | 1.9% |
| Other sectors | $5.7M | 1.9% |
| Not classified | $39.3M | 12.8% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $306.3M | 46 | 16 | 17 | 5 | 12 | 62.6% | 45 |
| Q1 2026 | $228.8M | 42 | 22 | 6 | 13 | 20 | 59.9% | 45 |
| Q4 2025 | $303.8M | 40 | 17 | 10 | 10 | 19 | 70.4% | 40 |
| Q3 2025 | $131.7M | 42 | 14 | 14 | 7 | 13 | 47.7% | 45 |
| Q2 2025 | $116.8M | 41 | 20 | 6 | 11 | 10 | 53.4% | 45 |
| Q1 2025 | $184.2M | 31 | 16 | 6 | 6 | 18 | 77.5% | 45 |
| Q4 2024 | $213.5M | 33 | 18 | 6 | 7 | 21 | 77.1% | 45 |
| Q3 2024 | $133.2M | 36 | 19 | 8 | 9 | 11 | 45.0% | 45 |
| Q2 2024 | $202.3M | 28 | 16 | 3 | 7 | 15 | 68.8% | 45 |
| Q1 2024 | $140.7M | 27 | 16 | 7 | 3 | 11 | 60.0% | 45 |
| Q4 2023 | $119.4M | 22 | 8 | 4 | 8 | 10 | 78.1% | 45 |
| Q3 2023 | $161.0M | 24 | 11 | 6 | 5 | 16 | 75.8% | 46 |
| Q2 2023 | $118.7M | 29 | 21 | 2 | 5 | 16 | 59.9% | 45 |
| Q1 2023 | $105.8M | 24 | 13 | 5 | 3 | 19 | 62.0% | 45 |
| Q4 2022 | $106.1M | 30 | 25 | 3 | 1 | 18 | 60.1% | 45 |
| Q3 2019 | $11.9M | 23 | 12 | 3 | 5 | 11 | 66.4% | 43 |
| Q2 2019 | $31.3M | 22 | 9 | 2 | 7 | 10 | 80.8% | 39 |
| Q1 2019 | $43.7M | 23 | 10 | 3 | 8 | 4 | 83.3% | 45 |
| Q4 2018 | $34.5M | 17 | 0 | 0 | 0 | 0 | 90.1% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.