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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
+3.73%
1 Year Est. Return
+162.78%
3 Year Est. Return
+252.12%
5 Year Est. Return
+463.26%
10 Year Est. Return
–
AUM
$796M
AUM Growth
+$55.1M
(+7.4%)
Cap. Flow
+$72.9M
Cap. Flow
% of AUM
9.17%
Top 10 Holdings %
Top 10 Hldgs %
86.76%
Holding
18
New
2
Increased
4
Reduced
1
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$60.1M |
| 2 |
Valaris
VAL
|
+$34.3M |
| 3 |
Seadrill
SDRL
|
+$12.3M |
| 4 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$6.91M |
| 5 |
PPTA
Perpetua Resources
PPTA
|
+$6.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GATO
Gatos Silver, Inc.
GATO
|
+$37M |
| 2 |
Harmony Gold Mining
HMY
|
+$11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.8% |
| 2 | Materials | 38.62% |
| 3 | Industrials | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Valaris
VAL
$5.3B
| $109M | 13.69% |
1,952,960
+523,863
| +37% | +$34.3M |
|
|
2
Seadrill
SDRL
$2.7B
| $102M | 12.85% |
2,571,992
+267,573
| +12% | +$12.3M |
|
|
NGD
3
DELISTED
New Gold Inc
NGD
| $100M | 12.63% |
34,883,000
| – | – |
|
|
4
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
| $88M | 11.06% |
2,003,822
+1,345,210
| +204% | +$60.1M |
|
5
Chord Energy
CHRD
$7.21B
| $71.3M | 8.97% |
547,721
| – | – |
|
6
Rayonier Advanced Materials
RYAM
$555M
| $54.4M | 6.84% |
6,356,130
| – | – |
|
7
Hudbay
HBM
$9.04B
| $46.6M | 5.86% |
5,075,553
| – | – |
|
8
Agnico Eagle Mines
AEM
$68.5B
| $44M | 5.53% |
546,405
| – | – |
|
|
GATO
9
DELISTED
Gatos Silver, Inc.
GATO
| $37.3M | 4.68% |
2,471,153
-2,885,139
| -54% | -$37M |
|
10
Cenovus Energy
CVE
$52.1B
| $37M | 4.65% |
2,209,786
| – | – |
|
|
ARCH
11
DELISTED
Arch Resources, Inc.
ARCH
| $24.4M | 3.07% |
176,591
| – | – |
|
12
Tidewater
TDW
$3.77B
| $20.5M | 2.58% |
285,900
| – | – |
|
|
13
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.48B
| $18.4M | 2.31% |
140,000
+50,000
| +56% | +$6.91M |
|
14
Cadeler
CDLR
$2.24B
| $17.6M | 2.21% |
624,400
| – | – |
|
15
Sibanye-Stillwater
SBSW
$5.66B
| $15.6M | 1.96% |
3,790,555
| – | – |
|
|
PPTA
16
Perpetua Resources
PPTA
$2.11B
| $7.79M | 0.98% |
+833,060
| New | +$6.18M |
|
17
McEwen Inc
MUX
$978M
| $1.05M | 0.13% |
+112,999
| New | +$1.04M |
|
|
18
Harmony Gold Mining
HMY
$9.15B
| – | – |
-1,196,675
| Closed | -$11M |
|
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Condire Management's Q3 2024 Portfolio in Review
As of Q3 2024, Condire Management held 18 positions worth $796M, up 7.4% from $740M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Condire Management deployed $72.9M of net new capital in Q3 2024, opening 2 new positions and adding to 4 existing holdings. Its largest new stake was Perpetua Resources: 833,060 shares worth $7.79M.
By sector, the portfolio is most concentrated in Energy at 46% of assets, down from 56% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Gatos Silver, Inc., an estimated $37M trimmed.
- Condire Management's largest Q3 2024 buy was Perpetua Resources: 833,060 shares worth $7.79M.
- Condire Management added most to State Street Energy Select Sector SPDR ETF in Q3 2024, an estimated $60.1M increase.
- Condire Management's biggest Q3 2024 reduction was Gatos Silver, Inc., cutting an estimated $37M.
- Condire Management fully exited Harmony Gold Mining in Q3 2024, selling an estimated $11M.
- Condire Management's ten largest holdings make up 87% of its $796M portfolio in Q3 2024.
- Condire Management opened 2 new positions and closed 1 in Q3 2024.
- Condire Management's portfolio value rose 7.4% quarter-over-quarter to $796M.
Based on Condire Management's 13F filing for Q3 2024, filed 14 Nov 2024.