Nokomis Capital, L.L.C.

Q3 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
59
Total value ($000)
$375,703
Net value change ($000)
+74,419 (24.7%)
New positions
9
Sold out positions
6
Turnover %
11.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CDE 7,151 109.9%
ODV 6,780 NEW
IAUX 6,344 40.8%
GDX 4,552 36.5%
OTGA 4,242 NEW
NGD 4,076 43.0%
HBM 3,478 35.9%
SILJ 2,865 56.0%
GDXJ 2,714 46.5%
PSLV 2,467 42.0%
Top Reduces (Value $000, Stocks/ETFs)
GLD -7,834 -79.4%
CAL -7,121 -100.0%
SDRL -5,126 -37.6%
MAG SILVER CORP -2,335 -100.0%
KRP -1,528 -100.0%
TXO -1,370 -100.0%
CDZI -1,211 -100.0%
MGM -1,180 -4.9%
MNR -1,142 -39.1%
C -942 -20.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 93,574 (24.9% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type