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Condire Management Portfolio holdings
AUM
$1.03B
1-Year Est. Return
162.78%
This Fund
S&P 500
This Quarter
Est. Return
+34.72%
1 Year Est. Return
+162.78%
3 Year Est. Return
+252.12%
5 Year Est. Return
+463.26%
10 Year Est. Return
–
AUM
$532M
AUM Growth
+$29.8M
(+5.9%)
Cap. Flow
-$85.4M
Cap. Flow
% of AUM
-16.04%
Top 10 Holdings %
Top 10 Hldgs %
85.72%
Holding
37
New
4
Increased
6
Reduced
3
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RSX
VanEck Russia ETF
RSX
|
+$11.6M |
| 2 |
Sibanye-Stillwater
SBSW
|
+$10.4M |
| 3 |
TRQ
Turquoise Hill Resources Ltd
TRQ
|
+$9.44M |
| 4 |
CGAU
Centerra Gold
CGAU
|
+$8.35M |
| 5 |
Rayonier Advanced Materials
RYAM
|
+$3.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GSS
Golden Star Resources Ltd.
GSS
|
+$26.9M |
| 2 |
Kinross Gold
KGC
|
+$17.8M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$11.5M |
| 4 |
Alcoa
AA
|
+$11.4M |
| 5 |
Tidewater
TDW
|
+$4.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 49.68% |
| 2 | Materials | 44.89% |
| 3 | Industrials | 1.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
VanEck Gold Miners ETF
GDX
$21.6B
| – | – |
-500,000
| Closed | -$15.9M |
|
27
Gold Fields
GFI
$28B
| – | – |
-108,966
| Closed | -$1.2M |
|
28
Harmony Gold Mining
HMY
$8.95B
| – | – |
-642,520
| Closed | -$2.64M |
|
|
29
Kinross Gold
KGC
$26.9B
| – | – |
-3,055,766
| Closed | -$17.8M |
|
|
MAG
30
DELISTED
MAG Silver
MAG
| – | – |
-12,964
| Closed | -$203K |
|
31
McEwen Inc
MUX
$983M
| – | – |
-53,780
| Closed | -$477K |
|
32
CALL
Occidental Petroleum
OXY
$54.9B
| – | – |
-483,400
| Closed | -$14M |
|
33
CALL
iShares Silver Trust
SLV
$27.2B
| – | – |
-300,000
| Closed | -$6.4M |
|
34
SM Energy
SM
$7.5B
| – | – |
-86,390
| Closed | -$2.55M |
|
35
CALL
Vale
VALE
$60B
| – | – |
-100,000
| Closed | -$1.41M |
|
|
PVG
36
DELISTED
PRETIUM RESOURCES INC.
PVG
| – | – |
-130,886
| Closed | -$1.84M |
|
|
GSS
37
DELISTED
Golden Star Resources Ltd.
GSS
| – | – |
-7,029,766
| Closed | -$26.9M |
|
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Condire Management's Q1 2022 Portfolio in Review
As of Q1 2022, Condire Management held 37 positions worth $532M, up 5.9% from $503M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Condire Management withdrew a net $85.4M in Q1 2022, closing 16 positions and reducing 3 holdings. Its most notable exit was Golden Star Resources Ltd., an estimated $26.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 50% of assets, up from 41% a quarter earlier, followed by Materials and Industrials.
Against the trend, Condire Management opened a new position in VanEck Russia ETF worth $3.88M.
- Condire Management's largest Q1 2022 buy was VanEck Russia ETF: 687,020 shares worth $3.88M.
- Condire Management added most to Sibanye-Stillwater in Q1 2022, an estimated $10.4M increase.
- Condire Management's biggest Q1 2022 reduction was Whiting Petroleum Corporation, cutting an estimated $11.5M.
- Condire Management fully exited Golden Star Resources Ltd. in Q1 2022, selling an estimated $26.9M.
- Condire Management's ten largest holdings make up 86% of its $532M portfolio in Q1 2022.
- Condire Management opened 4 new positions and closed 16 in Q1 2022.
- Condire Management's portfolio value rose 5.9% quarter-over-quarter to $532M.
Based on Condire Management's 13F filing for Q1 2022, filed 16 May 2022.