Nokomis Capital, L.L.C. — Q4 2025 13F Holdings

Name: Nokomis Capital, L.L.C. — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001541055

Total reported value

$348.6M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IAUX	I-80 Gold CORP	Stock-Other	7.90%	+1.77%	-0.24%
2	DIA	Ss Spdr Dow Jones Indus Avg	ETF-Large Cap & Growth	5.94%	-0.77%	—
3	MGM	Mgm Resorts International	Stock-Consumer Disc	5.60%	-1.15%	-1.47%
4	GDX	Vaneck Gold Miners ETF	ETF-Commodities	4.46%	-2.43%	-9.64%
5	HBM	Hudbay Minerals INC	Stock-Other	4.08%	-1.36%	—
6	NGDN	New Gold INC	Stock-Other	3.86%	-3.86%	EXIT
7	SLV	Ishares Silver Trust	ETF-Commodities	3.57%	-3.57%	EXIT
8	NXE	Nexgen Energy LTD	Stock-Other	3.48%	+0.83%	+7.53%
9	CDE	Coeur Mining INC	Stock-Materials	3.07%	+5.88%	—
10	BZH	Beazer Homes USA INC	Stock-Other	3.01%	+0.30%	+33.41%
11	IAUX-WS	I-80 Gold CORP -26	Stock-Other	2.89%	—	—
12	GLD	Spdr Gold Shares	ETF-Commodities	2.77%	-2.71%	-68.74%
13	AR	Antero Resources CORP	Stock-Energy	2.73%	—	—
14	SPPP	Sprott Physical Platinum And	Stock-Other	2.72%	-0.28%	+26.13%
15	CRDO	Credo Technology Group Holding Ltd	Stock-Tech	2.53%	-2.53%	EXIT
16	SHOE	Shoe Station Group INC	Stock-Other	2.48%	-0.07%	+65.66%
17	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	2.40%	-2.40%	EXIT
18	GFR	Greenfire Resources LTD	Stock-Other	2.38%	+0.80%	+81.91%
19	GDXJ	Vaneck Junior Gold Miners	ETF-Commodities	2.36%	-1.45%	+1.51%
20	PSLV	Sprott Physical Silver Trust	Stock-Other	2.35%	—	-21.09%
21	HNRG	Hallador Energy Co	Stock-Other	2.24%	-1.61%	+37.24%
22	KREF	Kkr Real Estate Finance Trus	Stock-Other	2.12%	-0.15%	+136.41%
23	CTRA	Coterra Energy INC	Stock-Energy	2.02%	-0.81%	+4.57%
24	DC	Dakota Gold CORP	Stock-Other	1.99%	+0.91%	—
25	NVDA	Nvidia CORP	Stock-Tech	1.90%	-1.74%	+56.93%
26	SILJ	Amplify Junior Silver Miners	ETF-Commodities	1.71%	+0.12%	-25.01%
27	ODV	Osisko Development CORP	Stock-Other	1.65%	+0.21%	—
28	VZLA	Vizsla Silver CORP	Stock-Other	1.48%	-0.49%	—
29	APLE	Apple Hospitality Reit INC	Stock-Real Estate	1.35%	-0.01%	—
30	EOSE	Eos Energy Enterprises INC	Stock-Other	1.19%	-1.12%	-7.49%
31	ACR	Acres Commercial Realty CORP	Stock-Other	1.14%	-0.10%	-3.08%
32	SDRL	Seadrill Limited	Stock-Other	1.02%	-1.02%	EXIT
33	ASTS	Ast Spacemobile INC	Stock-Tech	0.93%	+3.82%	+155.66%
34	TRTX	Tpg Re Finance Trust INC	Stock-Other	0.79%	-0.09%	—
35	FEIM	Frequency Electronics INC	Stock-Other	0.73%	-0.73%	EXIT
36	CNTY	Century Casinos INC	Stock-Other	0.69%	—	—
37	LAD	Lithia Motors INC	Stock-Consumer Disc	0.64%	+4.75%	—
38	LWLG	Lightwave Logic INC	Stock-Other	0.58%	+0.58%	—
39	✓	Otg Acquisition CORP. I	Stock-Other	0.56%	-0.09%	—
40	MLP	Maui Land & Pineapple Co	Stock-Other	0.54%	+0.40%	+47.28%
41	SBSW	Sibanye-stillwater Ltd-adr	Stock-Other	0.51%	-0.08%	—
42	PK	Park Hotels & Resorts INC	Stock-Real Estate	0.50%	-0.50%	EXIT
43	AGI	Alamos Gold Inc-class A	Stock-Materials	0.44%	—	—
44	CRGY	Crescent Energy Inc-a	Stock-Energy	0.43%	+0.25%	—
45	PPTA	Perpetua Resources CORP	Stock-Other	0.36%	—	—
46	MNR	Mach Natural Resources LP	Stock-Other	0.35%	-0.35%	EXIT
47	✓	Roman Dbdr Acquisition CORP	Stock-Other	0.32%	—	-80.88%
48	BBWI	Bath & Body Works INC	Stock-Consumer Disc	0.28%	-0.28%	EXIT
49	SOC	Sable Offshore CORP	Stock-Other	0.18%	-0.18%	EXIT
50	ARKR	Ark Restaurants CORP	Stock-Other	0.17%	—	+416.72%

1–50 of 58

Holding changes this quarter

Position changes disclosed by Nokomis Capital, L.L.C. for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	CRDO	Credo Technology Group Holding Ltd	+2.3%	+1303.77%	Add
2	IAUX	I-80 Gold CORP	+2.1%	-0.24%	Trim
3	IAUX-WS	I-80 Gold CORP -26	+1.4%	—	Unchanged
4	KREF	Kkr Real Estate Finance Trus	+1%	+136.41%	Add
5	GFR	Greenfire Resources LTD	+1%	+81.91%	Add
6	SPPP	Sprott Physical Platinum And	+0.8%	+26.13%	Add
7	ASTS	Ast Spacemobile INC	+0.7%	+155.66%	Add
8	HBM	Hudbay Minerals INC	+0.6%	—	Unchanged
9	NVDA	Nvidia CORP	+0.5%	+56.93%	Add
10	SHOE	Shoe Station Group INC	+0.4%	+65.66%	Add
11	HNRG	Hallador Energy Co	+0.4%	+37.24%	Add
12	NGDN	New Gold INC	+0.3%	-0.82%	Trim
13	VZLA	Vizsla Silver CORP	+0.2%	—	Unchanged
14	PSLV	Sprott Physical Silver Trust	+0.1%	-21.09%	Trim
15	ARKR	Ark Restaurants CORP	+0.1%	+416.72%	Add
16	MLP	Maui Land & Pineapple Co	+0.1%	+47.28%	Add
17	GDXJ	Vaneck Junior Gold Miners	+0.1%	+1.51%	Add
18	CTRA	Coterra Energy INC	+0.1%	+4.57%	Add
19	SBSW	Sibanye-stillwater Ltd-adr	+0.1%	—	Unchanged
20	NXE	Nexgen Energy LTD	-0.1%	+7.53%	Add
21	BZH	Beazer Homes USA INC	-0.1%	+33.41%	Add
22	SOC	Sable Offshore CORP	-0.2%	—	Unchanged
23	EOSE	Eos Energy Enterprises INC	-0.3%	-7.49%	Trim
24	IBIT	Ishares Bitcoin Trust ETF	-0.4%	-78.42%	Trim
25	SILJ	Amplify Junior Silver Miners	-0.4%	-25.01%	Trim
26	MGM	Mgm Resorts International	-0.5%	-1.47%	Trim
27	CDE	Coeur Mining INC	-0.6%	—	Unchanged
28	CNTY	Century Casinos INC	-0.8%	—	Unchanged
29	SDRL	Seadrill Limited	-1.3%	-55.90%	Trim
30	✓	Roman Dbdr Acquisition CORP	-1.6%	-80.88%	Trim
31	SLV	Ishares Silver Trust	-1.7%	-49.74%	Trim
32	QQQ	Invesco Qqq Trust Series 1	-5.3%	-65.77%	Trim
33	GLD	Spdr Gold Shares	-6.2%	-68.74%	Trim
34	DIA	Ss Spdr Dow Jones Indus Avg	—	NEW	New buy
35	DC	Dakota Gold CORP	—	NEW	New buy
36	APLE	Apple Hospitality Reit INC	—	NEW	New buy
37	✓	Otg Acquisition CORP. I	—	EXIT	Sold out
38	C	Citigroup INC	—	EXIT	Sold out
39	LAD	Lithia Motors INC	—	NEW	New buy
40	LWLG	Lightwave Logic INC	—	NEW	New buy
41	✓	Otg Acquisition CORP. I	—	NEW	New buy
42	PK	Park Hotels & Resorts INC	—	NEW	New buy
43	AAPL	Apple INC	—	EXIT	Sold out
44	AEM	Agnico Eagle Mines LTD	—	EXIT	Sold out
45	BBWI	Bath & Body Works INC	—	NEW	New buy
46	OVV	Ovintiv INC	—	NEW	New buy
47	CHPT	Chargepoint Holdings INC	—	EXIT	Sold out
48	EWZ	Ishares Msci Brazil ETF	—	NEW	New buy
49	XOP	Ss Spdr S&p Og Exp & Prod	—	EXIT	Sold out
50	EEM	Ishares Msci Emerging Market	—	EXIT	Sold out