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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
-1.66%
1 Year Est. Return
+162.78%
3 Year Est. Return
+252.12%
5 Year Est. Return
+463.26%
10 Year Est. Return
–
AUM
$392M
AUM Growth
-$74.9M
(-16%)
Cap. Flow
-$47.7M
Cap. Flow
% of AUM
-12.18%
Top 10 Holdings %
Top 10 Hldgs %
78.51%
Holding
27
New
5
Increased
4
Reduced
3
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ARCH
Arch Resources, Inc.
ARCH
|
+$21.9M |
| 2 |
Noble Corp
NE
|
+$19.1M |
| 3 |
Valaris
VAL
|
+$17.2M |
| 4 |
Petrobras
PBR
|
+$12.8M |
| 5 |
Chord Energy
CHRD
|
+$11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Majestic Silver
AG
|
+$33.5M |
| 2 |
SSR Mining
SSRM
|
+$23.5M |
| 3 |
Vale
VALE
|
+$20.2M |
| 4 |
McEwen Inc
MUX
|
+$18.9M |
| 5 |
Fortuna Silver Mines
FSM
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 54.74% |
| 2 | Energy | 41.02% |
| 3 | Industrials | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sibanye-Stillwater
SBSW
$5.66B
| $60.8M | 15.5% |
4,924,691
| – | – |
|
|
2
Chord Energy
CHRD
$7.21B
| $45M | 11.48% |
452,635
+120,000
| +36% | +$11M |
|
|
CGAU
3
Centerra Gold
CGAU
$3B
| $35.9M | 9.16% |
5,265,676
+3,900
| +0.1% | +$28.9K |
|
|
ARCH
4
DELISTED
Arch Resources, Inc.
ARCH
| $29M | 7.39% |
+312,490
| New | +$21.9M |
|
5
Hudbay
HBM
$9.04B
| $24.9M | 6.36% |
4,000,000
+1,311,994
| +49% | +$8.31M |
|
|
GSS
6
DELISTED
Golden Star Resources Ltd.
GSS
| $24.8M | 6.32% |
10,412,942
| – | – |
|
7
Rayonier Advanced Materials
RYAM
$555M
| $24M | 6.12% |
3,200,000
+600,000
| +23% | +$4.13M |
|
|
8
Noble Corp
NE
$6.62B
| $21.6M | 5.5% |
+797,210
| New | +$19.1M |
|
9
Kinross Gold
KGC
$27B
| $21M | 5.35% |
3,911,750
-949,250
| -20% | -$5.68M |
|
|
10
Valaris
VAL
$5.3B
| $20.8M | 5.32% |
+597,581
| New | +$17.2M |
|
11
Harmony Gold Mining
HMY
$9.15B
| $18.9M | 4.83% |
6,012,401
| – | – |
|
|
WLL
12
DELISTED
Whiting Petroleum Corporation
WLL
| $17.5M | 4.47% |
300,000
| – | – |
|
|
NETI
13
DELISTED
Eneti Inc.
NETI
| $15.2M | 3.87% |
908,415
| – | – |
|
|
14
Petrobras
PBR
$116B
| $12.4M | 3.17% |
+1,200,000
| New | +$12.8M |
|
15
Tidewater
TDW
$3.77B
| $9.77M | 2.49% |
809,782
-200,000
| -20% | -$2.27M |
|
16
California Resources
CRC
$4.69B
| $4.67M | 1.19% |
114,000
| – | – |
|
|
17
Fortuna Silver Mines
FSM
$2.47B
| $4.26M | 1.09% |
1,084,781
-2,321,447
| -68% | -$10.4M |
|
18
CALL
CF Industries
CF
$18.7B
| $1.38M | 0.35% |
+24,700
| New | +$1.19M |
|
|
HYMCL
19
DELISTED
Hycroft Mining Holding Corp Warrants
HYMCL
| $97K | 0.02% |
277,777
| – | – |
|
|
20
First Majestic Silver
AG
$7.81B
| – | – |
-2,120,332
| Closed | -$33.5M |
|
21
Coeur Mining
CDE
$14.8B
| – | – |
-116,280
| Closed | -$1.03M |
|
22
VanEck Gold Miners ETF
GDX
$21.8B
| – | – |
-242,711
| Closed | -$8.25M |
|
23
Hecla Mining
HL
$9.61B
| – | – |
-1,269,918
| Closed | -$9.45M |
|
|
24
McEwen Inc
MUX
$978M
| – | – |
-1,372,699
| Closed | -$18.9M |
|
|
25
SSR Mining
SSRM
$5.31B
| – | – |
-1,507,087
| Closed | -$23.5M |
|
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Condire Management's Q3 2021 Portfolio in Review
As of Q3 2021, Condire Management held 27 positions worth $392M, down 16% from $467M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Condire Management withdrew a net $47.7M in Q3 2021, closing 8 positions and reducing 3 holdings. Its most notable exit was First Majestic Silver, an estimated $33.5M position sold in full.
By sector, the portfolio is most concentrated in Materials at 55% of assets, down from 81% a quarter earlier, followed by Energy and Industrials.
Against the trend, Condire Management opened a new position in Arch Resources, Inc. worth $29M.
- Condire Management's largest Q3 2021 buy was Arch Resources, Inc.: 312,490 shares worth $29M.
- Condire Management added most to Chord Energy in Q3 2021, an estimated $11M increase.
- Condire Management's biggest Q3 2021 reduction was Fortuna Silver Mines, cutting an estimated $10.4M.
- Condire Management fully exited First Majestic Silver in Q3 2021, selling an estimated $33.5M.
- Condire Management's ten largest holdings make up 79% of its $392M portfolio in Q3 2021.
- Condire Management opened 5 new positions and closed 8 in Q3 2021.
- Condire Management's portfolio value fell 16% quarter-over-quarter to $392M.
Based on Condire Management's 13F filing for Q3 2021, filed 15 Nov 2021.