# GeoSphere Capital Management, LLC: Form 13F holdings

An institutional investment manager in MIAMI BEACH, FL. SEC CIK 1426876.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $306.3m
- Positions: 46 (46 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1426876/000121465926010366/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $37.3m | 12.2% | 50,000 | Put | Added +1,000 |
| INVESCO QQQ TR | UNIT SER 1 | $33.1m | 10.8% | 45,000 | Put | Reduced −8,300 |
| ISHARES TR | RUSSELL 2000 ETF | $27.0m | 8.8% | 90,000 | Put | New +90,000 |
| NATIONAL ENERGY SERVICES REU | SHS | $23.9m | 7.8% | 799,578 |  | Added +250,000 |
| [BKV CORP (BKV)](/companies/bkv.md) | COM | $15.9m | 5.2% | 581,689 |  | Added +40,000 |
| [TERAWULF INC (WULF)](/companies/wulf.md) | COM | $12.9m | 4.2% | 522,574 |  | Added +103,934 |
| [CORE NATURAL RESOURCES INC (CNR)](/companies/cnr.md) | COM SHS | $12.6m | 4.1% | 157,926 |  | Added +20,000 |
| [FLUOR CORP (FLR)](/companies/flr.md) | COM | $10.9m | 3.6% | 208,000 |  | Added +100,000 |
| [SOLARIS ENERGY INFRAS INC (SEI)](/companies/sei.md) | COM CL A | $9.3m | 3.0% | 115,366 |  | Added +30,000 |
| [VISTA ENERGY S.A.B. DE C.V. (VIST)](/companies/vist.md) | SPONSORED ADS | $8.8m | 2.9% | 137,473 |  | Added +12,473 |
| [CAMECO CORP (CCJ)](/companies/ccj.md) | COM | $7.1m | 2.3% | 69,363 |  | Added +10,000 |
| [HMH HLDG INC (HMH)](/companies/hmh.md) | CL A | $7.0m | 2.3% | 375,000 |  | New +375,000 |
| [ARIS MINING CORPORATION (ARIS)](/companies/aris.md) | COM | $6.3m | 2.0% | 420,000 |  | Added +270,000 |
| [KOSMOS ENERGY LTD (KOS)](/companies/kos.md) | COM | $5.9m | 1.9% | 2,813,788 |  | Added +775,000 |
| BORR DRILLING LTD | SHS | $5.4m | 1.8% | 1,301,361 |  | Added +921,251 |
| [UNITED STS OIL FD LP (USO)](/companies/uso.md) | UNITS | $5.3m | 1.7% | 50,000 | Call | New +50,000 |
| [DELEK US HLDGS INC NEW (DK)](/companies/dk.md) | COM | $5.2m | 1.7% | 102,717 |  | Added +12,717 |
| ISHARES TR | MSCI EAFE ETF | $5.2m | 1.7% | 50,000 | Put | New +50,000 |
| [LIBERTY ENERGY INC (LBRT)](/companies/lbrt.md) | COM CL A | $4.6m | 1.5% | 173,768 |  | Added +40,000 |
| [GENERAC HLDGS INC (GNRC)](/companies/gnrc.md) | COM | $4.4m | 1.4% | 15,000 |  | New +15,000 |
| [VALERO ENERGY CORP (VLO)](/companies/vlo.md) | COM | $4.2m | 1.4% | 16,000 |  | New +16,000 |
| [CENOVUS ENERGY INC (CVE)](/companies/cve.md) | COM | $4.0m | 1.3% | 161,548 |  | Unchanged |
| HAFNIA LTD | SHS | $3.5m | 1.1% | 525,000 |  | Added +260,000 |
| [ISHARES BITCOIN TRUST ETF (IBIT)](/companies/ibit.md) | SHS BEN INT | $3.3m | 1.1% | 100,000 | Put | New +100,000 |
| [INNOVEX INTERNATIONAL INC (INVX)](/companies/invx.md) | COM | $3.3m | 1.1% | 131,066 |  | Added +12,642 |
| [FRANCO NEV CORP (FNV)](/companies/fnv.md) | COM | $3.1m | 1.0% | 15,000 |  | New +15,000 |
| [DENISON MINES CORP (DNN)](/companies/dnn.md) | COM | $3.0m | 1.0% | 977,106 |  | Unchanged |
| [OCEANEERING INTL INC (OII)](/companies/oii.md) | COM | $2.8m | 0.9% | 69,689 |  | Reduced −50,311 |
| [HALLADOR ENERGY COMPANY (HNRG)](/companies/hnrg.md) | COM | $2.6m | 0.9% | 150,000 |  | New +150,000 |
| [UR-ENERGY INC (URG)](/companies/urg.md) | COM | $2.6m | 0.8% | 1,875,507 |  | Reduced −500,000 |
| [BARRICK MNG CORP (B)](/companies/b.md) | COM SHS | $2.5m | 0.8% | 68,524 |  | Unchanged |
| TORM PLC | SHS CL A | $2.3m | 0.8% | 90,000 |  | New +90,000 |
| [CF INDUSTRIES HOLD (CF)](/companies/cf.md) | COM | $2.2m | 0.7% | 20,000 |  | Reduced −3,667 |
| [ANTERO RESOURCES CORP (AR)](/companies/ar.md) | COM | $2.1m | 0.7% | 60,000 |  | New +60,000 |
| GOLAR LNG LTD | SHS | $2.0m | 0.7% | 40,000 |  | Unchanged |
| [NEXGEN ENERGY LTD (NXE)](/companies/nxe.md) | COM | $1.9m | 0.6% | 204,656 |  | Unchanged |
| [IAMGOLD CORP (IAG)](/companies/iag.md) | COM | $1.7m | 0.6% | 110,000 |  | Added +17,743 |
| NAVIGATOR HLDGS LTD | SHS | $1.7m | 0.6% | 92,000 |  | Unchanged |
| [BLOOM ENERGY CORP (BE)](/companies/be.md) | COM CL A | $1.5m | 0.5% | 5,000 |  | New +5,000 |
| [CENTURY ALUM CO (CENX)](/companies/cenx.md) | COM | $1.5m | 0.5% | 32,000 |  | Reduced −50,000 |
| [SANTACRUZ SILVER MNG LTD (SCZM)](/companies/sczm.md) | COM NEW SHS | $1.3m | 0.4% | 200,000 |  | New +200,000 |
| [PAN AMERN SILVER CORP (PAAS)](/companies/paas.md) | COM | $1.1m | 0.4% | 25,000 |  | Added +9,066 |
| [STRATEGY INC (MSTR)](/companies/mstr.md) | CL A NEW | $1.1m | 0.4% | 12,600 | Put | New +12,600 |
| DHT HOLDINGS INC | SHS NEW | $991.8k | 0.3% | 60,000 |  | New +60,000 |
| [FERMI INC (FRMI)](/companies/frmi.md) | COM | $916.0k | 0.3% | 100,000 | Put | New +100,000 |
| DORIAN LPG LTD | SHS USD | $869.5k | 0.3% | 25,000 |  | Reduced −35,000 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [FORGENT POWER SOLUTIONS INC (FPS)](/companies/fps.md) | COM SHS CL A | $0 | 0.0% | 0 |  | Sold out −72,854 |
| FRONTLINE PLC | COM | $0 | 0.0% | 0 |  | Sold out −80,000 |
| [METHANEX CORP (MEOH)](/companies/meoh.md) | COM | $0 | 0.0% | 0 |  | Sold out −70,000 |
| OKEANIS ECO TANKERS COR | SHS | $0 | 0.0% | 0 |  | Sold out −40,000 |
| ORLA MNG LTD NEW | COM | $0 | 0.0% | 0 |  | Sold out −124,178 |
| [PBF ENERGY INC (PBF)](/companies/pbf.md) | CL A | $0 | 0.0% | 0 |  | Sold out −40,000 |
| [PEABODY ENGR CORP (BTU)](/companies/btu.md) | COM | $0 | 0.0% | 0 |  | Sold out −121,959 |
| [PERMIAN RESOURCES CORP (PR)](/companies/pr.md) | CLASS A COM | $0 | 0.0% | 0 |  | Sold out −100,000 |
| [PERPETUA RESOURCES CORP (PPTA)](/companies/ppta.md) | COM | $0 | 0.0% | 0 |  | Sold out −40,582 |
| [PROPETRO HLDG CORP (PUMP)](/companies/pump.md) | COM | $0 | 0.0% | 0 |  | Sold out −324,369 |
| VANECK ETF TRUST | GOLD MINERS ETF | $0 | 0.0% | 0 |  | Sold out −40,000 |
| [WARRIOR MET COAL INC (HCC)](/companies/hcc.md) | COM | $0 | 0.0% | 0 |  | Sold out −15,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001214659-26-010366. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.