Condire Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · amendment (adds holdings) of Aug 20, 2026 ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Condire Management reported a $942M portfolio of 21 positions to the SEC as of the end of Q2 2026. Its largest positions are CDE, IAUX, OGC. During the quarter it opened OceanaGold and Allied Gold.
Sections with a free account
What changed this quarter
8 positions with a change (2 new, 6 trimmed). 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- OceanaGold+8.5 ppof portfolioNew— → 9.3%
- Allied Gold+3.2 ppof portfolioNew— → 3.5%
- Cenovus Energy−45%fewer sharesReduced2.8% → 1.6%
- Chord Energy−11%fewer sharesReduced7.6% → 6.0%
- Valaris−7.9%fewer sharesReduced11.0% → 8.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Coeur MiningCDE17.2%
- i-80 GOLDIAUX12.5%
- OceanaGoldOGC9.3%
- ValarisVAL8.2%
- Osisko Development6.5%
- Chord EnergyCHRD6.0%
- Rayonier Advanced MaterialsRYAM5.3%
- SeadrillSDRL5.1%
- Sibanye StillwaterSBSW4.7%
- B2goldBTG4.6%
- Endeavour SilverEXK4.0%
- Allied GoldAAUC3.5%
- I-80 GoldIAUX/WS(warrant)3.4%
- TidewaterTDW2.0%
- Core Natural ResourcesCNR1.7%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 51%
- ● Energy 25%
- ● No sector 23%
- ● Industrials 2%
How its portfolio changed (8 quarters)
Q2 2026: 21
Q2 2026: 80%
Q2 2026: 7.2%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q2 2026 ↗filed Aug 14, 2026Amendment of Aug 20, 2026 (adds holdings) ↗1 position known later through an amendment, worth $87.4M: they could not be copied when the 13F was published.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 31, 2026 (high confidence).
The data, as reported: CONDIRE MANAGEMENT, LP (CRD 311762): 7.B private funds: 5 hedge (gross assets $2.6 bn); 5.D assets by client type: pooled vehicles 100% (of $1.9 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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