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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
-0.27%
1 Year Est. Return
+162.78%
3 Year Est. Return
+252.12%
5 Year Est. Return
+463.26%
10 Year Est. Return
–
AUM
$502M
AUM Growth
-$46M
(-8.4%)
Cap. Flow
-$25.4M
Cap. Flow
% of AUM
-5.07%
Top 10 Holdings %
Top 10 Hldgs %
87.94%
Holding
19
New
1
Increased
1
Reduced
7
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seadrill
SDRL
|
+$5.88M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$411K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tidewater
TDW
|
+$13.1M |
| 2 |
NETI
Eneti Inc.
NETI
|
+$3.47M |
| 3 |
Harmony Gold Mining
HMY
|
+$3.3M |
| 4 |
ARCH
Arch Resources, Inc.
ARCH
|
+$434K |
| 5 |
Valaris
VAL
|
+$279K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 60.25% |
| 2 | Materials | 38.83% |
| 3 | Industrials | 0.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Chord Energy
CHRD
$7.21B
| $78.2M | 15.57% |
580,800
-1,200
| -0.2% | -$163K |
|
|
CGAU
2
Centerra Gold
CGAU
$3B
| $55.9M | 11.14% |
8,660,108
-30,000
| -0.3% | -$187K |
|
|
3
Seadrill
SDRL
$2.7B
| $55.1M | 10.98% |
1,421,280
+150,000
| +12% | +$5.88M |
|
|
4
Valaris
VAL
$5.3B
| $53.8M | 10.72% |
827,290
-4,000
| -0.5% | -$279K |
|
5
Rayonier Advanced Materials
RYAM
$555M
| $39M | 7.77% |
6,224,420
| – | – |
|
|
6
Harmony Gold Mining
HMY
$9.15B
| $34.2M | 6.82% |
8,346,366
-926,896
| -10% | -$3.3M |
|
|
ARCH
7
DELISTED
Arch Resources, Inc.
ARCH
| $34M | 6.77% |
258,714
-3,000
| -1% | -$434K |
|
8
Sibanye-Stillwater
SBSW
$5.66B
| $31.5M | 6.28% |
3,790,555
| – | – |
|
9
Agnico Eagle Mines
AEM
$68.5B
| $31.2M | 6.22% |
613,001
| – | – |
|
10
EQT Corp
EQT
$31B
| $28.4M | 5.66% |
891,000
| – | – |
|
|
CPE
11
DELISTED
Callon Petroleum Company
CPE
| $28.3M | 5.64% |
846,419
-4,000
| -0.5% | -$151K |
|
|
SWN
12
DELISTED
Southwestern Energy Company
SWN
| $24.6M | 4.91% |
4,930,000
| – | – |
|
|
NETI
13
DELISTED
Eneti Inc.
NETI
| $4.16M | 0.83% |
444,945
-347,429
| -44% | -$3.47M |
|
14
Triple Flag Precious Metals
TFPM
$5.65B
| $2.98M | 0.59% |
199,000
| – | – |
|
|
15
VanEck Gold Miners ETF
GDX
$21.8B
| $439K | 0.09% |
+13,580
| New | +$411K |
|
|
HYMCL
16
DELISTED
Hycroft Mining Holding Corp Warrants
HYMCL
| – | – |
-100,000
| Closed | -$6.06K |
|
|
17
CALL
Sibanye-Stillwater
SBSW
$5.66B
| – | – |
-1,000,000
| Closed | -$10.7M |
|
|
18
Tidewater
TDW
$3.77B
| – | – |
-354,140
| Closed | -$13.1M |
|
|
RSX
19
DELISTED
VanEck Russia ETF
RSX
| – | – |
-687,020
| Closed | -$21.5K |
|
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Condire Management's Q1 2023 Portfolio in Review
As of Q1 2023, Condire Management held 19 positions worth $502M, down 8.4% from $548M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Condire Management withdrew a net $25.4M in Q1 2023, closing 4 positions and reducing 7 holdings. Its most notable exit was Tidewater, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 60% of assets, up from 58% a quarter earlier, followed by Materials and Industrials.
Against the trend, Condire Management opened a new position in VanEck Gold Miners ETF worth $439K.
- Condire Management's largest Q1 2023 buy was VanEck Gold Miners ETF: 13,580 shares worth $439K.
- Condire Management added most to Seadrill in Q1 2023, an estimated $5.88M increase.
- Condire Management's biggest Q1 2023 reduction was Eneti Inc., cutting an estimated $3.47M.
- Condire Management fully exited Tidewater in Q1 2023, selling an estimated $13.1M.
- Condire Management's ten largest holdings make up 88% of its $502M portfolio in Q1 2023.
- Condire Management opened 1 new position and closed 4 in Q1 2023.
- Condire Management's portfolio value fell 8.4% quarter-over-quarter to $502M.
Based on Condire Management's 13F filing for Q1 2023, filed 15 May 2023.