Q2 2026 13F · SEC CIK 1541055

Nokomis Capital, L.L.C.

Hedge fundFiled 2026-08-21 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $272.6M
Reported positions: 48
Top holdings a year, 3 yrs: +38.2%
Assets under management: $804.2M

Nokomis Capital, L.L.C. is a hedge fund that reported 48 positions worth $272.6M in its Q2 2026 13F, filed 2026-08-21. Its largest holdings were I-80 Gold Corp (IAUX, 9.7%), Coeur Mng Inc (CDE, 8.2%), Oceanagold Corporation Com New (canada) (OCANF, 6.8%). A portfolio copying its top holdings returned 38.2% a year over the last 3 years, against 20.4% for the S&P 500.

Nokomis Capital, L.L.C. holdings all 48 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Nokomis Capital, L.L.C. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IAUXI-80 Gold Corp	9.7%	10.2%	18,408,054	-17.0%	$26.5M
CDECoeur Mng Inc	8.2%	9.4%	1,362,024	-18.1%	$22.2M
OCANFOceanagold Corporation Com New (canada)	6.8%	New	736,825	—	$18.5M
HBMHudbay Minerals Inc	6.7%	2.9%	775,735	+71.0%	$18.3M
LADLithia Motors Inc	6.7%	5.7%	62,888	-16.4%	$18.3M
BZHBeazer Homes USA Inc	5.2%	3.5%	509,170	-15.2%	$14.3M
ARAntero Resources Corp	4.6%	3.6%	353,602	+27.5%	$12.4M
44955L155I-80 Gold Corp	3.9%	3.7%	12,572,868	-2.2%	$10.7M
DIASpdr Dow Jones Indl Average	3.6%	5.4%	18,779	-51.7%	$9.8M
GFRGreenfire Resources Ltd	3.3%	3.3%	1,612,581	-7.9%	$9.1M
SHOEShoe Sta Group Inc	2.7%	2.5%	496,612	-7.7%	$7.4M
ITRGIntegra Res Corp	2.6%	2.9%	3,147,335	-11.0%	$7.1M
DCDakota Gold Corp	2.5%	3.1%	1,622,729	-19.1%	$6.9M
SPPPSprott Asset Management LP	2.5%	2.6%	546,814	+0.0%	$6.8M
NXENexgen Energy Limited (canada)	2.4%	4.5%	700,757	-45.9%	$6.6M
MINEMayfair Gold Corp	2.3%	2.3%	2,586,215	+6.1%	$6.3M
APLEApple Hospitality REIT Inc	2.3%	1.4%	371,727	-8.2%	$6.2M
81761L102Service Pptys Tr	2.1%	New	3,446,168	—	$5.8M
OVVOvintiv Inc Com	2.1%	2.4%	108,052	-18.3%	$5.7M
SILJAmplify ETF Tr	2.0%	1.9%	215,126	+0.0%	$5.6M
CVECenovus Energy Inc	1.5%	1.4%	167,300	-4.2%	$4.2M
68828E809Osisko Development Corp	1.4%	2.0%	1,517,491	-24.1%	$3.7M
12769G100Caesars Entertainment Inc Ne	1.4%	New	122,773	—	$3.7M
MLPMaui Ld & Pineapple Inc	1.1%	1.0%	175,598	-17.3%	$3.1M
DVNDevon Energy Corp New	1.1%	New	72,202	—	$3.0M
KREFKkr Real Estate Fin Tr Inc	1.1%	2.1%	435,600	-61.1%	$3.0M
VZLAVizsla Silver Co	1.1%	1.0%	872,153	-17.0%	$2.9M
TRTXTpg Re Fin Tr Inc	1.0%	0.7%	312,898	+0.0%	$2.6M
ACRAcres Commercial Realty Corp	1.0%	1.1%	145,768	-22.2%	$2.6M
CNTYCentury Casinos Inc	0.8%	0.8%	1,752,854	-9.3%	$2.2M
GDXJVaneck ETF Trust	0.8%	0.9%	21,515	-15.0%	$2.1M
JILLJ. Jill Inc	0.7%	0.4%	115,865	+0.0%	$1.8M
MGMMgm Resorts International	0.7%	4.7%	38,308	-90.9%	$1.8M
PSLVSprott Physical	0.6%	3.1%	92,500	-77.9%	$1.7M
BMMBlue Moon Metals Inc.	0.6%	0.5%	244,866	+0.0%	$1.6M
DRDBRoman Dbdr Acquisition Corp	0.5%	0.4%	130,026	+0.0%	$1.4M
AGIAlamos Gold Inc	0.4%	0.5%	39,132	+0.0%	$1.2M
AAOIApplied Optoelectronics Inc	0.4%	0.2%	7,900	+0.0%	$1.2M
SBSWSibanye Stillwater Ltd	0.4%	0.5%	120,666	+0.0%	$1.0M
PPTAPerpetua Resources Corporation (canada)	0.4%	0.4%	47,649	+0.0%	$989K
CRGYCrescent Energy Company	0.3%	0.7%	91,925	-47.5%	$903K
ARKRArk Restaurants Corp	0.2%	0.2%	93,767	-18.4%	$549K
EWZIshares Inc	0.2%	0.2%	12,524	-19.7%	$432K
OTGAOtg Acquisition Corp. I	0.1%	0.5%	15,644	-90.3%	$159K
ODVWZOsisko Development Corp	0.0%	New	999,999	—	$60K
OTGAWOtg Acquisition Corp. I	0.0%	0.0%	80,822	+0.0%	$33K
DRDBWRoman Dbdr Acquisition Corp	0.0%	0.0%	78,473	-52.5%	$19K
MOBXWMobix Labs Inc	0.0%	0.0%	11,493	-61.8%	$1K

What Nokomis Capital, L.L.C. bought and sold in Q2 2026, against Q1 2026.

New positions

OCANF Oceanagold Corporation Com New (canada)6.8% of 13F
Service Pptys Tr2.1% of 13F
Caesars Entertainment Inc Ne1.4% of 13F
DVN Devon Energy Corp New1.1% of 13F
ODVWZ Osisko Development Corp0.0% of 13F

Added to

Reduced

MGM Mgm Resorts International-90.9% shares
OTGA Otg Acquisition Corp. I-90.3% shares
PSLV Sprott Physical-77.9% shares
MOBXW Mobix Labs Inc-61.8% shares
KREF Kkr Real Estate Fin Tr Inc-61.1% shares
DRDBW Roman Dbdr Acquisition Corp-52.5% shares
DIA Spdr Dow Jones Indl Average-51.7% shares
CRGY Crescent Energy Company-47.5% shares

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +52.4% /yr; S&P 500 +20.1%
3 years: +38.2% /yr; S&P 500 +20.4%
5 years: +25.2% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$272.6M	48
Q1 2026	$330.7M	47
Q4 2025	$359.1M	50
Q3 2025	$282.1M	47
Q2 2025	$238.9M	43
Q1 2025	$232.0M	48
Q4 2024	$216.7M	45
Q3 2024	$223.7M	44
Q2 2024	$209.4M	44
Q1 2024	$226.5M	39
Q4 2023	$259.9M	34
Q3 2023	$254.8M	49

Questions about Nokomis Capital, L.L.C.'s portfolio

What stocks does Nokomis Capital, L.L.C. own?

Nokomis Capital, L.L.C.'s latest 13F, for Q2 2026 and filed Aug 21, 2026, lists 48 positions worth $272.6M. The largest are I-80 Gold Corp (IAUX) at 9.7%, Coeur Mng Inc (CDE) at 8.2%, Oceanagold Corporation Com New (canada) (OCANF) at 6.8%, Hudbay Minerals Inc (HBM) at 6.7% and Lithia Motors Inc (LAD) at 6.7%.

What did Nokomis Capital, L.L.C. buy last quarter?

In Q2 2026, Nokomis Capital, L.L.C. added a new position in Oceanagold Corporation Com New (canada) (OCANF), a new position in Service Pptys Tr, a new position in Caesars Entertainment Inc Ne, a new position in Devon Energy Corp New (DVN), a new position in Osisko Development Corp (ODVWZ), Hudbay Minerals Inc (HBM) (+71.0% shares), Antero Resources Corp (AR) (+27.5% shares) and Mayfair Gold Corp (MINE) (+6.1% shares), compared with its Q1 2026 filing.

What did Nokomis Capital, L.L.C. sell last quarter?

In Q2 2026, Nokomis Capital, L.L.C. sold all of Vaneck ETF Trust (GDX), sold all of Coterra Energy Inc (COG), sold all of Lightwave Logic Inc (LWLG), sold all of Hallador Energy Company (HNRG), Mgm Resorts International (MGM) (-90.9% shares), Otg Acquisition Corp. I (OTGA) (-90.3% shares) and Sprott Physical (PSLV) (-77.9% shares), compared with its Q1 2026 filing.

How has Nokomis Capital, L.L.C.'s portfolio performed?

A portfolio copying Nokomis Capital, L.L.C.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +38.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +52.4% against +20.1%. Over 5 years: +25.2% a year against +11.6%.

When is Nokomis Capital, L.L.C.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Nokomis Capital, L.L.C.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Nokomis Capital, L.L.C. manage?

Nokomis Capital, L.L.C. reported $804.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $272.6M.