Q4 2025 · 13F-HR
GeoSphere Capital Management, LLCholdings as filed
Filed 2026-02-09 · accession 0001214659-26-001324
$303.8M
Reported value
40
Positions
2025-12-31
Period end
The Brief · GeoSphere Capital Management, LLC · Q4 2025
AI · grounded in 13F
GeoSphere Capital Management, LLC established a new position in GDXJ valued at $27.3M. The fund also opened new stakes in MSTR for $15.9M and LEU for $7.9M. On the selling side, the fund closed its positions in GLNG and ORLA, reducing exposure by $4.8M and $3.8M respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $98.1M | 32.3% | 143,900 | PUT | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $27.3M | 8.99% | 240,000 | PUT | SOLE |
| G6375R107 | NESR | NATIONAL ENERGY SERVICES REU | $22.2M | 7.29% | 1,415,124 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $15.9M | 5.22% | 104,400 | PUT | SOLE |
| 05603J108 | BKV | BKV CORP | $15.1M | 4.96% | 554,857 | Common | SOLE |
| 15643U104 | LEU | CENTRUS ENERGY CORP | $7.9M | 2.59% | 32,400 | PUT | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $7.5M | 2.48% | 85,000 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $7.4M | 2.45% | 74,500 | PUT | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $6.7M | 2.21% | 73,460 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $6.0M | 1.96% | 129,472 | Common | SOLE |
| 30069T101 | EE | EXCELERATE ENERGY INC | $5.8M | 1.89% | 205,000 | Common | SOLE |
| G1466R173 | BORR | BORR DRILLING LTD | $5.6M | 1.84% | 1,385,000 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $5.3M | 1.74% | 115,000 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $4.8M | 1.59% | 95,000 | Common | SOLE |
| M46528101 | FRO | FRONTLINE PLC | $4.4M | 1.44% | 200,000 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $4.0M | 1.32% | 46,000 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $3.9M | 1.27% | 72,000 | Common | SOLE |
| 248356107 | DNN | DENISON MINES CORP | $3.7M | 1.23% | 1,400,000 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $3.7M | 1.22% | 225,000 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $3.7M | 1.21% | 400,000 | Common | SOLE |
| 402635502 | GPOR | GULFPORT ENERGY CORP | $3.5M | 1.16% | 17,000 | Common | SOLE |
| 24665A103 | DK | DELEK US HLDGS INC NEW | $3.5M | 1.15% | 117,500 | Common | SOLE |
| G48833118 | WFRD | WEATHERFORD INTL PLC | $3.3M | 1.09% | 42,500 | Common | SOLE |
| 29259W700 | EU | ENCORE ENERGY CORP | $3.2M | 1.06% | 1,300,000 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $2.9M | 0.97% | 25,000 | Common | SOLE |
| 88080T104 | WULF | TERAWULF INC | $2.9M | 0.95% | 250,000 | Common | SOLE |
| 74347M108 | PUMP | PROPETRO HLDG CORP | $2.9M | 0.94% | 300,000 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $2.9M | 0.94% | 200,000 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $2.8M | 0.92% | 165,000 | Common | SOLE |
| Y64177101 | ECO | OKEANIS ECO TANKERS COR | $2.5M | 0.81% | 72,500 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $2.4M | 0.80% | 14,300 | PUT | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $2.0M | 0.65% | 45,000 | Common | SOLE |
| Y2065G121 | DHT | DHT HOLDINGS INC | $1.9M | 0.62% | 155,000 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $1.7M | 0.56% | 11,250 | Common | SOLE |
| 88162F105 | TTI | TETRA TECHNOLOGIES INC DEL | $1.6M | 0.54% | 175,000 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $1.5M | 0.49% | 50,000 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $1.2M | 0.40% | 50,000 | Common | SOLE |
| 457651107 | INVX | INNOVEX INTERNATIONAL INC | $1.1M | 0.36% | 50,000 | Common | SOLE |
| N85083108 | NKLR | TERRA INNOVATUM GLOBAL NV | $693,000 | 0.23% | 150,000 | Common | SOLE |
| 422704106 | HL | HECLA MNG CO | $613,140 | 0.20% | 31,951 | 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.