Condire Management, LP
CIK 1847739 · View on SEC EDGAR ↗
- Portfolio value
- $854.9M
- Positions
- 20
- As of
- June 30, 2026
#2,720 of 9,443 by 13F value · top 28.8%
Portfolio value QoQ: -17.4% 13F does not disclose cash
- Top 10 holdings weight
- 81.86%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 17
- Effective number of positions
- 10.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 3.06% Est. buys $33,050,378 · sells $28,903,378
Median holding: 4.5 quarters Tracked Q4 2024–Q2 2026 · 55.6% still held
- New positions
- 1
- Increased
- 1
- Decreased
- 6
- Closed
- 4
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Sector breakdown
Materials
48.0%
Energy
27.9%
Industrials
1.4%
Other/Unmapped
22.7%
Full portfolio 20 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| CDE Coeur Mining, Inc. Common Stock | $162,258,401 | 18.98% | 9,942,304 | $-24,358,645 | |||
| IAUX | $118,229,125 | 13.83% | 82,103,559 | $-6,568,285 | |||
| VAL Valaris Limited Common Shares | $77,464,926 | 9.06% | 1,067,010 | $-36,129,218 | Down ×1 | ||
| ODV Osisko Development Corp. Common Shares | $61,625,411 | 7.21% | 25,050,980 | $-19,790,274 | |||
| CHRD Chord Energy Corporation - Common Stock | $56,758,523 | 6.64% | 496,575 | $-22,369,765 | Down ×1 | ||
| RYAM Rayonier Advanced Materials Inc. Common Stock | $49,980,773 | 5.85% | 6,358,877 | $-20,411,995 | |||
| SDRL Seadrill Limited Common Shares | $48,408,390 | 5.66% | 1,279,968 | $-9,830,154 | |||
| SBSW D/B/A Sibanye-Stillwater Limited ADS | $44,525,542 | 5.21% | 5,244,469 | $-20,086,316 | |||
| BTG | $43,277,810 | 5.06% | 11,571,607 | $-9,141,570 | |||
| EXK Endeavour Silver Corporation Ordinary Shares (Canada) | $37,289,336 | 4.36% | 4,503,543 | $-4,638,649 | |||
| AAUC Allied Gold Corporation Common Shares | $33,002,954 | 3.86% | 1,387,845 | Up ×1 | |||
| IAUXWS | $32,449,871 | 3.80% | 41,602,399 | $-9,091,728 | Up ×3 | ||
| TDW Tidewater Inc. Common Stock | $19,049,517 | 2.23% | 285,900 | $-4,837,428 | |||
| CNR Core Natural Resources, Inc. Common Stock | $16,137,073 | 1.89% | 201,663 | $-4,983,093 | |||
| CVE Cenovus Energy Inc Common Stock | $14,886,000 | 1.74% | 600,000 | $-14,297,000 | Down ×1 | ||
| CDLR Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares) | $11,831,028 | 1.38% | 539,983 | $-2,861,104 | Down ×1 | ||
| ELE Elemental Royalty Corporation - Common Stock | $11,200,852 | 1.31% | 641,515 | $-1,505,127 | Down ×2 | ||
| NEXM NexMetals Mining Corp. - Common Stock | $8,274,293 | 0.97% | 3,513,500 | $-333,782 | |||
| TEN Tsakos Energy Navigation Ltd Common Shares | $6,187,168 | 0.72% | 174,927 | $-1,348,784 | Down ×1 | ||
| MUX McEwen Inc. Common Stock | $2,048,690 | 0.24% | 113,000 | $-258,770 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| IAUXWS | $32,449,871 | 3.80% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| AAUC | $33,002,954 | 1,387,845 | 3.86% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VAL | Trimmed | -92K | -$36.1M |
| CDE | Price move only | +0 | -$24.4M |
| CHRD | Trimmed | -60K | -$22.4M |
| RYAM | Price move only | +0 | -$20.4M |
| SBSW | Price move only | +0 | -$20.1M |
| ODV | Price move only | +0 | -$19.8M |
| CVE | Trimmed | -500K | -$14.3M |
| SDRL | Price move only | +0 | -$9.8M |
| BTG | Price move only | +0 | -$9.1M |
| IAUXWS | Bought more | +61K | -$9.1M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NGD | March 31, 2026 | 27,437,020 | $238,976,444 | No longer tracked |
| SSRM | Dec. 31, 2025 | 3,353,891 | $81,902,018 | 55.4% |
| HBM | Sept. 30, 2025 | 7,275,553 | $77,193,617 | 82.3% |
| NEM | June 30, 2025 | 600,000 | $28,968,000 | 114.1% |
| ARCH | March 31, 2025 | 176,591 | $24,938,181 | No longer tracked |
| XLB | Sept. 30, 2025 | 227,517 | $19,978,268 | No longer tracked |
| AEM | March 31, 2026 | 95,186 | $16,136,883 | -0.6% |
| XME | March 31, 2026 | 122,451 | $12,687,148 | No longer tracked |
| XOP | June 30, 2025 | 87,889 | $11,575,860 | No longer tracked |
| PPTA | Sept. 30, 2025 | 890,459 | $10,810,172 | 23.2% |
| INSW | Dec. 31, 2025 | 194,763 | $8,974,679 | 104.1% |
| VTLE | Sept. 30, 2025 | 530,981 | $8,543,484 | No longer tracked |
| HL | Sept. 30, 2025 | 1,000,000 | $5,990,000 | 60.6% |
| CIVI | Sept. 30, 2025 | 200,000 | $5,504,000 | No longer tracked |
| XOP | March 31, 2026 | 41,028 | $5,180,195 | No longer tracked |
| CDE | Sept. 30, 2025 | 500,000 | $4,430,000 | 7.5% |
| XLE | Sept. 30, 2025 | 18,030 | $1,529,124 | No longer tracked |