Arkolith/Funds/Nokomis Capital, L.L.C.

Nokomis Capital, L.L.C.

CIK 1541055
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Nokomis Capital, L.L.C. holds a focused book of 47 stocks worth $330.7M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Integra Resources Corp and trimmed I-80 Gold Corp. Their largest long position is I-80 Gold Corp at 10% of the equity book. They also disclosed $17.5M in put options (a bearish bet) and $389K in call options (bullish), shown separately below and excluded from the equity book.

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Use Arkolith to show Nokomis Capital, L.L.C.'s latest
holdings, largest changes, and filing provenance.
Opened
6
new positions
Added to
7
existing
Trimmed
29
reduced
Sold out
8
exited

Concentration

Top-heavy: focused book

Top 5 holdings
35%
Top 10 holdings
54%
Top 20 holdings
80%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

88% mapped to company sectors

Materials
45%
Consumer Discretionary
14%
ETF / fund or unclassified
12%
Energy
11%
Financials
7%
Real Estate
6%
Industrials
3%
Utilities
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

47 positions
#SecurityValueShares% PortLast moveHistory
1I-80 Gold Corp
COM
$33.7M22.18M
10.2%
−3.0%
Reduced · −693K sh
2Coeur MNG Inc
COM NEW
$31.2M1.66M
9.4%
+128%
Added · +934K sh
3Lithia MTRS Inc
COM
$18.8M75.2K
5.7%
+821%
Added · +67K sh
4State STR SPDR Dow Jones Ind
UT SER 1
$18.0M38.9K
5.4%
−26%
Reduced · −13K sh
5MGM Resorts International
COM
$15.5M419.3K
4.7%
−35%
Reduced · −229K sh
6Nexgen Energy Ltd
COM
$15.0M1.30M
4.5%
−19%
Reduced · −303K sh
7I-80 Gold Corp
*W EXP 11/16/202
$12.3M12.86M
3.7%
−1.1%
Reduced · −142K sh
8Antero Resources Corp
COM
$11.8M277.3K
3.6%
−17%
Reduced · −58K sh
9Beazer Homes USA Inc
COM NEW
$11.6M600.7K
3.5%
−4.1%
Reduced · −26K sh
10Greenfire Res Ltd New
COM SHS
$11.1M1.75M
3.3%
−17%
Reduced · −361K sh
11Sprott Asset Management LP
PHYSICAL SILVER
$10.2M419.1K
3.1%
Held
12Dakota Gold Corp
COM
$10.1M2.01M
3.1%
+35%
Added · +525K sh
13Integra Res Corp
COM
$9.7M3.54M
2.9%
New
New position
14Hudbay Minerals Inc
COM
$9.5M453.7K
2.9%
−48%
Reduced · −414K sh
15Sprott Asset Management LP
PHYSICAL PLATINU
$8.5M546.8K
2.6%
−20%
Reduced · −136K sh
16Shoe Carnival Inc
COM
$8.4M537.8K
2.5%
−13%
Reduced · −82K sh
17Ovintiv Inc
COM
$7.9M132.3K
2.4%
+627%
Added · +114K sh
18Mayfair Gold Corp
COM NEW
$7.5M2.44M
2.3%
New
New position
19Vaneck ETF Trust
GOLD MINERS ETF
$7.0M76.6K
2.1%
−62%
Reduced · −123K sh
20KKR Real Estate Fin TR Inc
COM
$6.9M1.12M
2.1%
+2.6%
Added · +28K sh
21Osisko Development Corp
COM NEW
$6.5M2.00M
2.0%
Held
22Amplify ETF TR
AMPLIFY JUNIOR S
$6.4M215.1K
1.9%
−17%
Reduced · −44K sh
23Apple Hospitality REIT Inc
COM NEW
$4.7M405.0K
1.4%
−16%
Reduced · −75K sh
24Cenovus Energy Inc
COM
$4.6M174.7K
1.4%
New
New position
25Coterra Energy Inc
COM
$4.2M119.6K
1.3%
−63%
Reduced · −205K sh
26Lightwave Logic Inc
COM
$4.0M575.2K
1.2%
−23%
Reduced · −175K sh
27Acres Commercial Realty Corp
COM NEW
$3.6M187.3K
1.1%
−17%
Reduced · −38K sh
28Vizsla Silver Corp
COM NEW
$3.5M1.05M
1.0%
−8.2%
Reduced · −93K sh
29Maui LD & Pineapple Inc
COM
$3.3M212.2K
1.0%
+58%
Added · +78K sh
30Vaneck ETF Trust
JUNIOR GOLD MINE
$3.0M25.3K
0.9%
−71%
Reduced · −61K sh
31Century Casinos Inc
COM
$2.7M1.93M
0.8%
−11%
Reduced · −248K sh
32TPG Re Fin TR Inc
COM
$2.4M312.9K
0.7%
−20%
Reduced · −76K sh
33Crescent Energy Company
CL A COM
$2.4M175.0K
0.7%
−20%
Reduced · −43K sh
34Hallador Energy Company
COM
$2.2M135.0K
0.7%
−73%
Reduced · −363K sh
35Alamos Gold Inc
COM CL A
$1.7M39.1K
0.5%
−19%
Reduced · −9K sh
36Otg Acquisition Corp. I
ORD CL A
$1.6M161.6K
0.5%
−31%
Reduced · −73K sh
37Blue Moon Metals Inc
COM
$1.6M244.9K
0.5%
New
New position
38Sibanye Stillwater Ltd
SPONSORED ADR
$1.5M120.7K
0.4%
−20%
Reduced · −29K sh
39Roman DBDR Acquisition Corp
ORD SHS CL A
$1.4M130.0K
0.4%
Held
40Perpetua Resources Corp
COM
$1.3M47.6K
0.4%
−23%
Reduced · −14K sh
41J Jill Inc
COM
$1.3M115.9K
0.4%
New
New position
42Ark Restaurants Corp
COM
$754K114.9K
0.2%
+7.1%
Added · +8K sh
43Applied Optoelectronics Inc
COM
$668K7.9K
0.2%
New
New position
44Ishares Inc
MSCI BRAZIL ETF
$599K15.6K
0.2%
Held
45Roman DBDR Acquisition Corp
*W EXP 10/31/203
$35K165.2K
0.0%
−0.1%
Reduced · −100 sh
46Otg Acquisition Corp. I
*W EXP 09/05/203
$20K80.8K
0.0%
−31%
Reduced · −37K sh
47Mobix Labs Inc
*W EXP 12/21/202
$4K30.1K
0.0%
Held
Showing all 47 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$17.5M
Call notional (bullish)$389K
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishAST SPACEMOBILE INCASTS$16.6M200K
PUT · bearishNVIDIA CORPNVDA$558K3K
PUT · bearishEOS ENERGY ENTERPRISES INCEOSE$245K49K
CALL · bullishSPDR GOLD SHARESGLD$215K500
PUT · bearishSOUNDHOUND AI INC-ASOUN$168K25K
CALL · bullishVANECK JUNIOR GOLD MINERSGDXJ$120K1K
CALL · bullishVANECK GOLD MINERS ETFGDX$37K400
CALL · bullishAPPLIED OPTOELECTRONICS INCAAOI$17K200

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202655$348.6M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202662$422.4M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202559$375.7M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202550$301.3M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.