CM

Condire Management, LP

Sector-focusedContrarianQuality / disciplined sizing

Total reported value

$1.0B

Reporting period: 2026-03-31 · Number of holdings: 19

Condire Management, LP disclosed 19 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.0B and a quarterly turnover rate of 65.6%.

Personality snowflake

Concentration
36.36
Portfolio Stability
65.64
Momentum/Contrarian
0
Sector conviction
100
Diversification
38
Sizing Uniformity
91.24

Recent moves

  • Add VAL

    0.0%　$55.2M

  • Add RYAM

    0.0%　$32.9M

  • Add CHRD

    +10.1%　$32.3M

  • Trim SBSW

    0.0%　-$10.1M

  • Add SDRL

    0.0%　$14.0M

  • Add CVE

    0.0%　$10.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1CDECoeur Mining INCStock-Materials18.04%+18.04%NEW
2IAUXI-80 Gold CORPStock-Other12.06%-0.17%+2.32%
3VALValaris LimitedStock-Energy10.98%+4.88%—
4ODVOsisko Development CORPStock-Other7.87%-0.55%+8.39%
5CHRDChord Energy CORPStock-Energy7.65%+2.76%+10.09%
6RYAMRayonier Advanced MaterialsStock-Other6.80%+2.89%—
7SBSWSibanye-stillwater Ltd-adrStock-Other6.24%-1.56%—
8SDRLSeadrill LimitedStock-Other5.63%+1.01%—
9BTGB2gold CORPStock-Other5.07%-0.23%+2.72%
10EXKEndeavour Silver CORPStock-Materials4.05%-0.37%—
11IAUX-WSI-80 Gold CORP -26Stock-Other4.01%+0.04%+0.49%
12CVECenovus Energy INCStock-Energy2.82%+0.88%—
13TDWTidewater INCStock-Energy2.31%+0.80%—
14CNRCore Natural Resources INCStock-Energy2.04%+0.18%—
15CDLRCadeler A/s-adrStock-Other1.42%+0.21%—
16ELEElemental Royalty CORPStock-Other1.23%+0.01%-1.72%
17NEXMNexmetals Mining CORPStock-Other0.83%-0.60%—
18TENTsakos Energy Navigation LimitedStock-Other0.73%+0.28%—
19MUXMcewen INCStock-Other0.22%——

Holding changes this quarter

Condire Management, LP's most significant position changes for 2026-03-31: Sold out: New Gold INC (NGDN); New buy: Coeur Mining INC (CDE); Sold out: Agnico Eagle Mines LTD (AEM); Sold out: Ss Spdr S&p Metals Mining (XME); Sold out: Ss Spdr S&p Og Exp & Prod (XOP).

Position changes disclosed by Condire Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1VALValaris Limited+4.9%—Unchanged
2RYAMRayonier Advanced Materials+2.9%—Unchanged
3CHRDChord Energy CORP+2.8%+10.09%Add
4SDRLSeadrill Limited+1%—Unchanged
5CVECenovus Energy INC+0.9%—Unchanged
6TDWTidewater INC+0.8%—Unchanged
7TENTsakos Energy Navigation Limited+0.3%—Unchanged
8CDLRCadeler A/s-adr+0.2%—Unchanged
9CNRCore Natural Resources INC+0.2%—Unchanged
10IAUX-WSI-80 Gold CORP -260%+0.49%Add
11ELEElemental Royalty CORP0%-1.72%Trim
12MUXMcewen INC——Unchanged
13IAUXI-80 Gold CORP-0.2%+2.32%Add
14BTGB2gold CORP-0.2%+2.72%Add
15EXKEndeavour Silver CORP-0.4%—Unchanged
16ODVOsisko Development CORP-0.6%+8.39%Add
17NEXMNexmetals Mining CORP-0.6%—Unchanged
18SBSWSibanye-stillwater Ltd-adr-1.6%—Unchanged
19NGDNNew Gold INC—EXITSold out
20CDECoeur Mining INC—NEWNew buy
21AEMAgnico Eagle Mines LTD—EXITSold out
22XMESs Spdr S&p Metals Mining—EXITSold out
23XOPSs Spdr S&p Og Exp & Prod—EXITSold out

FAQ

What is Condire Management, LP and what type of investor is it?
Condire Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.0B, spread across 19 disclosed positions.
What are Condire Management, LP's largest equity positions?
Based on the latest 13F filing, Condire Management, LP's top holdings by market value are: 1. Coeur Mining INC (CDE) — $186.6M (18.0%) 2. I-80 Gold CORP (IAUX) — $124.8M (12.1%) 3. Valaris Limited (VAL) — $113.6M (11.0%) 4. Osisko Development CORP (ODV) — $81.4M (7.9%) 5. Chord Energy CORP (CHRD) — $79.1M (7.7%)
What changes did Condire Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Condire Management, LP made 11 notable position adjustments: 1 new positions were initiated, 5 existing holdings were added to, 1 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: New Gold INC (NGDN); New buy: Coeur Mining INC (CDE); Sold out: Agnico Eagle Mines LTD (AEM); Sold out: Ss Spdr S&p Metals Mining (XME); Sold out: Ss Spdr S&p Og Exp & Prod (XOP)
What sectors does Condire Management, LP focus on?
Condire Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 53.9% • Materials: 46.1%