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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
+6.03%
1 Year Est. Return
+162.78%
3 Year Est. Return
+252.12%
5 Year Est. Return
+463.26%
10 Year Est. Return
–
AUM
$740M
AUM Growth
-$130K
Cap. Flow
-$29.1M
Cap. Flow %
-3.94%
Top 10 Hldgs %
85.1%
Holding
20
New
1
Increased
3
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
NGD
New Gold Inc
NGD
+$66.3M
2
HBM icon
Hudbay
HBM
+$7.37M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$3.2M
4
AEM icon
Agnico Eagle Mines
AEM
+$979K

Top Sells

Rank Stock Value
1
CGAU
Centerra Gold
CGAU
+$36.6M
2
HMY icon
Harmony Gold Mining
HMY
+$35M
3
OIH icon
VanEck Oil Services ETF
OIH
+$15.1M
4
ARCH
Arch Resources, Inc.
ARCH
+$4.82M
5
XOP icon
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
+$4.79M

Sector Composition

Rank Sector Weight
1 Energy 55.92%
2 Materials 36.15%
3 Industrials 2.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SDRL icon
1
Seadrill
SDRL
$2.7B
$118M 15.96%
2,304,419
– –
VAL icon
2
Valaris
VAL
$5.3B
$106M 14.38%
1,429,097
-23,000
-2% -$1.67M
CHRD icon
3
Chord Energy
CHRD
$7.21B
$91.8M 12.4%
547,721
– –
NGD
4
DELISTED
New Gold Inc
NGD
$68M 9.19%
+34,883,000
New +$66.3M
GATO
5
DELISTED
Gatos Silver, Inc.
GATO
$55.9M 7.55%
5,356,292
-393,708
-7% -$4.16M
HBM icon
6
Hudbay
HBM
$9.04B
$45.9M 6.2%
5,075,553
+849,000
+20% +$7.37M
CVE icon
7
Cenovus Energy
CVE
$52.1B
$43.4M 5.87%
2,209,786
-160,000
-7% -$3.24M
AEM icon
8
Agnico Eagle Mines
AEM
$68.5B
$35.7M 4.83%
546,405
+15,000
+3% +$979K
RYAM icon
9
Rayonier Advanced Materials
RYAM
$555M
$34.6M 4.67%
6,356,130
– –
XLE icon
10
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
$30M 4.05%
658,612
+68,612
+12% +$3.2M
TDW icon
11
Tidewater
TDW
$3.77B
$27.2M 3.68%
285,900
– –
ARCH
12
DELISTED
Arch Resources, Inc.
ARCH
$26.9M 3.63%
176,591
-30,000
-15% -$4.82M
SBSW icon
13
Sibanye-Stillwater
SBSW
$5.66B
$16.5M 2.23%
3,790,555
– –
CDLR icon
14
Cadeler
CDLR
$2.24B
$15.6M 2.11%
624,400
– –
XOP icon
15
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.48B
$13.1M 1.77%
90,000
-31,684
-26% -$4.79M
HMY icon
16
Harmony Gold Mining
HMY
$9.15B
$11M 1.48%
1,196,675
-3,903,325
-77% -$35M
CGAU
17
Centerra Gold
CGAU
$3B
– –
-6,196,421
Closed -$36.6M
HL icon
18
Hecla Mining
HL
$9.61B
– –
-128,520
Closed -$618K
NE icon
19
Noble Corp
NE
$6.62B
– –
-20,743
Closed -$1.01M
OIH icon
20
VanEck Oil Services ETF
OIH
$2.05B
– –
-45,000
Closed -$15.1M

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Condire Management's Q2 2024 Portfolio in Review

As of Q2 2024, Condire Management held 20 positions worth $740M, down 0.02% from $741M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Condire Management withdrew a net $29.1M in Q2 2024, closing 4 positions and reducing 6 holdings. Its most notable exit was Centerra Gold, an estimated $36.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 56% of assets, down from 58% a quarter earlier, followed by Materials and Industrials.

Against the trend, Condire Management opened a new position in New Gold Inc worth $68M.

  • Condire Management's largest Q2 2024 buy was New Gold Inc: 34,883,000 shares worth $68M.
  • Condire Management added most to Hudbay in Q2 2024, an estimated $7.37M increase.
  • Condire Management's biggest Q2 2024 reduction was Harmony Gold Mining, cutting an estimated $35M.
  • Condire Management fully exited Centerra Gold in Q2 2024, selling an estimated $36.6M.
  • Condire Management's ten largest holdings make up 85% of its $740M portfolio in Q2 2024.
  • Condire Management opened 1 new position and closed 4 in Q2 2024.
  • Condire Management's portfolio value fell 0.02% quarter-over-quarter to $740M.

Based on Condire Management's 13F filing for Q2 2024, filed 14 Aug 2024.