Ninepoint Partners LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Ninepoint Partners LP maintained a portfolio of 195 distinct positions. The most significant new addition to the portfolio was GULFPORT ENERGY CORP, which now represents 4.60% of the total fund value. They heavily accumulated shares in ANTERO RESOURCES COR, increasing their position by 11.1%. The fund also reduced its exposure to DIAMONDBACK ENERGY I by 93.7%.
PCA Score Concentration Risk
Risk ENB
Total Positions
195
Quarter
2025 Q4
Top Holding
EXE (9.8%)
Top 10 Concentration
57.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 195
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
EXE
EXPAND ENERGY C...
Energy 9.76% 12.60% #1
Prev: #1
6.4 -100,000 -11.1%
P
S
800,000 $88,288,000 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AR
ANTERO RESOURCE...
Energy 9.53% 9.95% #2
Prev: #2
7.3 250,000 11.1%
P
S
2,500,000 $86,150,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CVE
CENOVUS ENERGY ...
Energy 8.42% 7.93% #3 2
Prev: #5
6.9 960,000 27.1%
P
S
4,500,000 $76,140,000 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EQT
EQT CORP
Energy 7.16% 8.64% #4
Prev: #4
3.9 4,327 0.4%
P
S
1,208,717 $64,787,231 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VNOM
VIPER ENERGY IN...
Energy 5.13% 0.76% #5 17
Prev: #22
5.6 1,050,000 700.0%
P
S
1,200,000 $46,356,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GPOR
GULFPORT ENERGY...
Energy 4.60% #6
Prev: #—
5.3 200,000 no change
NEW
200,000 $41,598,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500
ETF 3.68% 4.43% #7 1
Prev: #8
2.0 -1,700 -3.4%
P
S
48,800 $33,277,696 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SPDR S&P 500
PUT
PUT Option 3.43% 4.52% #8 1
Prev: #7
1.9 -6,000 -11.7%
P
S
45,500 $31,027,360 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ISHARES 20 YR T...
PUT
PUT Option 2.84% #9
Prev: #—
4.6 295,000 no change
NEW
295,000 $25,712,200 13F Filing 2025-12-31 2026-02-14 (Est.)
CCJ
CAMECO CORP
Energy 2.43% 1.26% #10 4
Prev: #14
4.0 125,414 109.7%
P
S
239,783 $21,937,747 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VZLA
VIZSLA SILVER C...
Basic Materials 2.06% 0.80% #11 9
Prev: #20
3.8 2,008,075 143.2%
P
S
3,410,000 $18,652,700 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HYMC
HYCROFT MINING ...
Basic Materials 1.99% #12
Prev: #—
4.3 757,100 no change
NEW
757,100 $17,996,267 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY SUBORDI...
Technology 1.93% 0.83% #13 6
Prev: #19
3.8 66,179 156.0%
P
S
108,591 $17,479,893 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KGC
KINROSS GOLD CO...
Basic Materials 1.92% 1.53% #14 2
Prev: #12
3.3 148,100 31.7%
P
S
614,920 $17,316,147 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CNI
CANADIAN NATION...
Industrials 1.82% 0.65% #15 10
Prev: #25
3.7 69,085 131.7%
P
S
121,522 $16,496,612 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ENB
ENBRIDGE INC
Energy 1.71% 1.75% #16 6
Prev: #10
3.2 60,290 23.0%
P
S
322,950 $15,446,699 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WPM
WHEATON PRECIOU...
Basic Materials 1.62% 0.36% #17 20
Prev: #37
3.6 100,557 412.3%
P
S
124,948 $14,683,889 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AEM
AGNICO EAGLE MI...
Basic Materials 1.31% 1.55% #18 7
Prev: #11
1.0 -4 -0.0%
P
S
69,770 $11,828,108 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AGI
ALAMOS GOLD INC...
Basic Materials 1.30% 1.40% #19 6
Prev: #13
1.5 no change no change
P
S
305,000 $11,766,900 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CDE
COEUR MINING IN...
Basic Materials 1.29% #20
Prev: #—
4.0 654,243 no change
NEW
654,243 $11,665,153 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RY
ROYAL BANK OF C...
Financial Services 1.07% 0.92% #21 4
Prev: #17
2.4 9,433 20.0%
P
S
56,706 $9,667,806 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TD
TORONTO DOMINIO...
Financial Services 1.07% 0.30% #22 19
Prev: #41
3.4 74,148 263.0%
P
S
102,340 $9,640,428 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MINING ...
Basic Materials 1.06% 1.17% #23 8
Prev: #15
0.9 -49,831 -18.4%
P
S
220,835 $9,617,364 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SU
SUNCOR ENERGY I...
Energy 0.98% 0.78% #24 3
Prev: #21
2.9 59,224 42.0%
P
S
200,098 $8,876,347 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BCE
BCE INC
Communication Services 0.91% 0.23% #25 24
Prev: #49
3.4 269,365 356.0%
P
S
345,023 $8,218,448 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CNQ
CANADIAN NATURA...
Energy 0.86% 0.36% #26 10
Prev: #36
3.3 142,357 165.2%
P
S
228,553 $7,736,519 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IAG
IAMGOLD CORP
Basic Materials 0.76% 0.71% #27 4
Prev: #23
1.3 no change no change
P
S
418,900 $6,907,661 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HL
HECLA MINING
Basic Materials 0.76% #28
Prev: #—
3.8 358,600 no change
NEW
358,600 $6,881,534 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SOBO
SOUTH BOW CORP
Energy 0.76% 1.03% #29 13
Prev: #16
0.8 -25,600 -9.3%
P
S
250,000 $6,867,500 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CNL
COLLECTIVE MINI...
Basic Materials 0.76% 0.90% #30 12
Prev: #18
1.3 no change no change
P
S
470,000 $6,857,300 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PAAS
PAN AMERICAN SI...
Basic Materials 0.66% 0.24% #31 16
Prev: #47
3.3 67,966 142.6%
P
S
115,621 $5,990,324 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORP
Technology 0.58% 0.55% #32 4
Prev: #28
2.7 5,622 24.9%
P
S
28,192 $5,257,808 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
HYCROFT MINING ...
PUT
PUT Option 0.55% #33
Prev: #—
3.7 210,000 no change
NEW
210,000 $4,991,700 13F Filing 2025-12-31 2026-02-14 (Est.)
TRP
TC ENERGY CORP
Energy 0.55% 0.60% #34 8
Prev: #26
2.2 5,680 6.7%
P
S
90,005 $4,951,175 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PR
PERMIAN RESOURC...
Energy 0.54% 0.59% #35 8
Prev: #27
1.2 no change no change
P
S
350,000 $4,910,500 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CHRD
CHORD ENERGY CO...
Energy 0.51% 0.65% #36 12
Prev: #24
1.2 no change no change
P
S
50,000 $4,635,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EXK
ENDEAVOUR SILVE...
Basic Materials 0.45% #37
Prev: #—
3.7 434,783 no change
NEW
434,783 $4,086,960 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SLV
ISHARES SILVER ...
ETF 0.43% #38
Prev: #—
3.7 60,299 no change
NEW
60,299 $3,884,462 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MFC
MANULIFE FINANC...
Financial Services 0.42% 0.49% #39 9
Prev: #30
0.7 -16,838 -14.0%
P
S
103,597 $3,758,499 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC CL...
Communication Services 0.40% 0.16% #40 33
Prev: #73
3.2 6,523 132.1%
P
S
11,462 $3,596,776 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NXE
NEXGEN ENERGY L...
Energy 0.39% 0.45% #41 10
Prev: #31
1.2 no change no change
P
S
380,000 $3,496,000 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BVN
BUENAVENTURA AD...
Basic Materials 0.39% #42
Prev: #—
3.7 125,466 no change
NEW
125,466 $3,491,719 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CM
CANADIAN IMPERI...
Financial Services 0.37% 0.44% #43 11
Prev: #32
0.6 -4,365 -10.5%
P
S
37,017 $3,354,110 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 0.34% 0.50% #44 15
Prev: #29
0.6 -1,025 -13.9%
P
S
6,365 $3,078,241 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FTS
FORTIS INC
Utilities 0.34% 0.40% #45 12
Prev: #33
0.6 -687 -1.2%
P
S
59,008 $3,064,876 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PTEN
PATTERSON UTI E...
Energy 0.34% 0.34% #46 8
Prev: #38
1.1 no change no change
P
S
500,000 $3,055,000 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FANG
DIAMONDBACK ENE...
Energy 0.33% 5.94% #47 41
Prev: #6
0.1 -295,000 -93.7%
P
S
20,000 $3,006,600 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ORLA
ORLA MINING LTD
Basic Materials 0.33% 0.25% #48 3
Prev: #45
2.6 47,500 27.1%
P
S
222,500 $2,997,075 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BIP
BROOKFIELD INFR...
Utilities 0.33% #49
Prev: #—
3.6 85,637 no change
NEW
85,637 $2,975,029 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FBTC
FIDELITY WISE O...
ETF 0.26% #50
Prev: #—
3.6 30,800 no change
NEW
30,800 $2,347,884 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 195 holdings

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