Nokomis Capital, L.L.C.
Nokomis Capital, L.L.C. is a Texas-based hedge fund manager headquartered in Dallas. Founded in 2008, the firm manages investment portfolios primarily for institutional clients. With a lean professional team, Nokomis focuses on public market equities and is known for its value-driven, opportunistic approach to investment management. Its filings and regulatory status are up-to-date according to SEC records as of Q2 2025. The firm is privately held and operates with a small staff, reflecting its specialized and boutique investment management approach.
Investment Strategy
Nokomis Capital, L.L.C. employs a value-oriented, opportunistic investment strategy focused on public equities. The firm often seeks long and short positions across sectors where it identifies mispricing or underappreciated assets, using in-depth fundamental analysis. The approach often emphasizes event-driven and catalyst-driven investments, targeting opportunities with asymmetric risk/reward profiles primarily within U.S. markets.
Top Holdings
Equity Positions (43)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MGM | MGM RESORTS INTERNATIONAL | 7.96% | $24.0M | 697,537 | $35.64 | $34.39 | +$4.6M |
I IAUX | I-80 GOLD CORP | 5.16% | $15.6M | 26,000,000 | $0.60 | $0.60 | +$15.6M |
S SDRL | SEADRILL LTD | 4.53% | $13.7M | 520,002 | $36.74 | $26.25 | -$442.6K |
G GDX | VANECK ETF TRUST | 4.14% | $12.5M | 239,795 | $30.07 | $52.06 | +$798.4K |
B BZH | BEAZER HOMES USA INC | 3.74% | $11.3M | 503,966 | $26.47 | $22.37 | +$3.1M |
Options Positions (7)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
G GLD | SPDR GOLD TR | Bought | Call | $43.8M | 1,438 | $304.83 | $250.17 | +447 | +$15.3M |
S SLV | ISHARES SILVER TR | Bought | Call | $9.5M | 2,887 | $32.81 | $29.27 | +1,388 | +$4.8M |
A ASTS | AST SPACEMOBILE INC | Bought | Put | $4.4M | 944 | $46.73 | $27.67 | +194 | +$2.7M |
E EOSE | EOS ENERGY ENTERPRISES INC | Bought | Put | $2.1M | 4,053 | $5.12 | $4.82 | +216 | +$624.8K |
G GDX | VANECK ETF TRUST | Sold | Call | $1.7M | 328 | $52.06 | $31.86 | -20 | +$107.8K |
Industry Allocation
Team (1)
| Name | Role | Location | |
|---|---|---|---|
S Steven Chang | Analyst | Larkspur, CA , United States |