GeoSphere Capital Management, LLC
Long book
$166.2M
Q1 2026
Positions
40
Top-10 weight
51%
concentration
Last quarter
-4.8%
SPY +14.8%
Turnover
65%
of book per quarter
Strategy in plain words
auto-generated from filingsGeoSphere Capital Management, LLC is a concentrated fundamental stock-picker, running a $166.2M US long book across 40 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: BKV CORPORATION, CORE NATURAL RESOURCES INC, NATIONAL ENERGY SERVICES REU, VISTA ENERGY SAB DE CV, CAMECO CORP.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.6%
Q2 2024
-2.3%
Q3 2024
-9.6%
Q4 2024
-6.8%
Q1 2025
+10.0%
Q2 2025
+20.3%
Q3 2025
+11.8%
Q4 2025
+24.0%
Q1 2026
-4.8%
Sector allocation
Energy 39%
Materials 31%
Industrials 21%
Other 5%
Financials 4%
Long book by quarter
What does GeoSphere Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BKV BKV CORPORATION | Energy | 541.7K | $15.4M | 9.3% | -2.4% |
| CNR CORE NATURAL RESOURCES INC | Materials | 137.9K | $14.4M | 8.7% | +62.3% |
| NESR NATIONAL ENERGY SERVICES REU | Energy | 549.6K | $11.8M | 7.1% | -61.2% |
| CCJ CAMECO CORP | Materials | 59.4K | $6.4M | 3.9% | -19.2% |
| WULF TERAWULF INC | Financials | 418.6K | $6.0M | 3.6% | +67.5% |
| KOS KOSMOS ENERGY LTD | Energy | 2.0M | $5.7M | 3.4% | New |
| FLR FLUOR CORP | Industrials | 108.0K | $5.0M | 3.0% | New |
| SEI SOLARIS ENERGY INFRASTRUCTUR | Industrials | 85.4K | $4.8M | 2.9% | -34.1% |
| CENX CENTURY ALUMINUM COMPANY | Industrials | 82.0K | $4.8M | 2.9% | New |
| PUMP PROPETRO HOLDING CORP | Energy | 324.4K | $4.7M | 2.8% | +8.1% |
| CVE CENOVUS ENERGY INC | Energy | 161.5K | $4.3M | 2.6% | -2.1% |
| OII OCEANEERING INTL INC | Energy | 120.0K | $4.3M | 2.6% | New |
| MEOH METHANEX CORP | Other | 70.0K | $4.2M | 2.5% | New |
| DK DELEK US HOLDINGS INC | Energy | 90.0K | $4.1M | 2.4% | -23.4% |
| BTU PEABODY ENERGY CORP | Materials | 122.0K | $4.0M | 2.4% | +143.9% |
| LBRT LIBERTY ENERGY INC | Energy | 133.8K | $3.9M | 2.3% | New |
| URG UR-ENERGY INC | Materials | 2.4M | $3.5M | 2.1% | New |
| DNN DENISON MINES CORP | Materials | 977.1K | $3.4M | 2.1% | -30.2% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 23.7K | $3.1M | 1.8% | New |
| INVX INNOVEX INTERNATIONAL INC | Industrials | 118.4K | $2.9M | 1.7% | +136.8% |
| B BARRICK MINING CORP | Materials | 68.5K | $2.8M | 1.7% | +52.3% |
| FRO FRONTLINE PLC | Industrials | 80.0K | $2.8M | 1.7% | -60.0% |
| ARIS ARIS MINING CORP | Materials | 150.0K | $2.8M | 1.7% | New |
| NXE NEXGEN ENERGY LTD | Materials | 204.7K | $2.4M | 1.4% | -48.8% |
| BORR BORR DRILLING LTD | Energy | 380.1K | $2.2M | 1.3% | -72.6% |
| GLNG GOLAR LNG LTD | Industrials | 40.0K | $2.2M | 1.3% | New |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 72.9K | $2.1M | 1.3% | New |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 100.0K | $2.1M | 1.3% | New |
| LPG DORIAN LPG LTD | Industrials | 60.0K | $2.1M | 1.2% | New |
| ECO OKEANIS ECO TANKERS CORP | Industrials | 40.0K | $2.0M | 1.2% | -44.8% |
| HAFN HAFNIA LTD | Industrials | 265.0K | $2.0M | 1.2% | New |
| ORLA ORLA MINING LTD | Materials | 124.2K | $2.0M | 1.2% | New |
| PBF PBF ENERGY INC-CLASS A | Energy | 40.0K | $1.9M | 1.1% | New |
| NVGS NAVIGATOR HOLDINGS LTD | Industrials | 92.0K | $1.8M | 1.1% | New |
| IAG IAMGOLD CORP | Materials | 92.3K | $1.7M | 1.0% | -59.0% |
| HCC WARRIOR MET COAL INC | Materials | 15.0K | $1.4M | 0.8% | New |
| PPTA PERPETUA RESOURCES CORP | Materials | 40.6K | $1.1M | 0.7% | -18.8% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 15.9K | $870K | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 42 | $228.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 40 | $303.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 42 | $131.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 41 | $116.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 31 | $184.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 33 | $213.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 37 | $133.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 29 | $202.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 29 | $140.7M | canonical | SEC ↗ |
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