LVS Advisory Discussion on its Growth Portfolio’s investment: Golar LNG (GLNG)

LVS Advisory, a New York City-based full-service investment firm, recently released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The LVS Growth Portfolio gained 15.7% for the first three quarters, and the LVS Event-Driven Portfolio gained 10.4% for the same period, net of all fees and expenses. This compares to a 14.8% gain for the S&P 500 and a 7.3% return for the high-yield bond index. The main focus of the portfolio over the past two years has been investments in power generation businesses. The firm’s thesis is that power demand is growing faster than supply. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, LVS Advisory highlighted stocks such as Golar LNG Limited (NASDAQ:GLNG). Golar LNG Limited (NASDAQ:GLNG) is a marine infrastructure provider for the liquefaction of natural gas. The one-month return for Golar LNG Limited (NASDAQ:GLNG) was 0.70%, and its shares lost 9.40% over the last 52 weeks. On December 08, 2025, Golar LNG Limited (NASDAQ:GLNG) stock closed at $38.67 per share, with a market capitalization of $3.959 billion.

LVS Advisory stated the following regarding Golar LNG Limited (NASDAQ:GLNG) in its third quarter 2025 investor letter:

“In this letter, I will discuss the Growth Portfolio’s investment in Golar LNG Limited (NASDAQ:GLNG). Golar LNG (“Golar”, “GLNG”, or the “Company”) is an energy infrastructure company providing floating chemical plants used by oil and gas companies to convert natural gas into liquified natural gas (“LNG”). The Company converts LNG ships into floating LNG (“FLNG”) plants and rents the ships to oil and gas companies on 20-year leases. In exchange, Golar receives a fixed toll plus commodity price upside.

Golar’s customers include National Oil Companies (“NOCs”) and independent oil and gas producers (e.g. BP, Exxon). National Oil Companies are state-owned entities responsible for developing a country’s natural resources (e.g. Saudi Aramco in Saudi Arabia or Pemex in Mexico). NOCs will often contract with independent energy companies like Golar to bring in expertise for projects.

Independent oil companies will also partner with Golar to license its FLNG technology. BP has contracted Golar’s FLNG Gimi in a 20-year contract offshore Mauritania and Senegal. However, companies including Shell and Eni have vertically integrated an FLNG solution with varying degrees of success. Vertical integration is Golar’s primary competitor, as no other companies provide “FLNG-as-a-service”…” (Click here to read the full text)

In another article, we covered Golar LNG Limited (NASDAQ:GLNG) and shared the list of stocks with huge upside potential from billionaire Jacob Rothschild’s RIT capital partners. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.