We are live on ! Find out more
CM

Condire Management Portfolio holdings

AUM $1.03B
1-Year Est. Return 162.78%
This Fund
S&P 500
This Quarter Est. Return
+18.43%
1 Year Est. Return
+162.78%
3 Year Est. Return
+252.12%
5 Year Est. Return
+463.26%
10 Year Est. Return
–
AUM
$958M
AUM Growth
+$123M
Cap. Flow
+$2.77M
Cap. Flow %
0.29%
Top 10 Hldgs %
82.7%
Holding
24
New
4
Increased
7
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
BTG icon
B2Gold
BTG
+$52.5M
2
NEXM
NexMetals Mining Corp
NEXM
+$15M
3
EXK
Endeavour Silver
EXK
+$12.8M
4
XME icon
State Street SPDR S&P Metals & Mining ETF
XME
+$11.7M
5
ELE
Elemental Royalty Corp
ELE
+$10.6M

Top Sells

Rank Stock Value
1
SSRM icon
SSR Mining
SSRM
+$81.9M
2
NGD
New Gold Inc
NGD
+$19.6M
3
INSW icon
International Seaways
INSW
+$8.97M
4
CHRD icon
Chord Energy
CHRD
+$2.39M

Sector Composition

Rank Sector Weight
1 Materials 71.58%
2 Energy 21.37%
3 Industrials 1.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NGD
1
DELISTED
New Gold Inc
NGD
$239M 24.95%
27,437,020
-2,602,898
-9% -$19.6M
IAUX
2
i-80 Gold Corp
IAUX
$1.11B
$117M 12.23%
80,241,558
+141,558
+0.2% +$161K
ODV
3
Osisko Development Corp
ODV
$692M
$80.7M 8.42%
23,112,036
+1,147,192
+5% +$3.94M
SBSW icon
4
Sibanye-Stillwater
SBSW
$5.66B
$74.7M 7.8%
5,244,469
+279,540
+6% +$3.38M
VAL icon
5
Valaris
VAL
$5.3B
$58.4M 6.1%
1,158,651
– –
BTG icon
6
B2Gold
BTG
$4.89B
$50.8M 5.3%
+11,265,300
New +$52.5M
CHRD icon
7
Chord Energy
CHRD
$7.21B
$46.9M 4.89%
505,536
-25,755
-5% -$2.39M
SDRL icon
8
Seadrill
SDRL
$2.7B
$44.3M 4.62%
1,279,968
– –
EXK
9
Endeavour Silver
EXK
$2.19B
$42.3M 4.42%
4,503,543
+1,503,543
+50% +$12.8M
IAUX.WS
10
i-80 Gold Corp Warrants
IAUX.WS
$38M 3.97%
41,339,999
+493,500
+1% +$301K
RYAM icon
11
Rayonier Advanced Materials
RYAM
$555M
$37.5M 3.91%
6,358,877
+2,747
+0% +$17.9K
CVE icon
12
Cenovus Energy
CVE
$52.1B
$18.6M 1.94%
1,100,000
– –
CNR
13
Core Natural Resources Inc
CNR
$4.18B
$17.8M 1.86%
201,663
– –
AEM icon
14
Agnico Eagle Mines
AEM
$68.5B
$16.1M 1.68%
95,186
– –
TDW icon
15
Tidewater
TDW
$3.77B
$14.4M 1.51%
285,900
– –
NEXM
16
NexMetals Mining Corp
NEXM
$78.4M
$13.7M 1.43%
+3,513,500
New +$15M
XME icon
17
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
$12.7M 1.32%
122,451
+118,375
+2,904% +$11.7M
ELE
18
Elemental Royalty Corp
ELE
$930M
$11.6M 1.22%
+686,246
New +$10.6M
CDLR icon
19
Cadeler
CDLR
$2.24B
$11.6M 1.21%
624,400
– –
XOP icon
20
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.48B
$5.18M 0.54%
+41,028
New +$5.31M
TEN
21
Tsakos Energy Navigation Ltd
TEN
$1.13B
$4.28M 0.45%
190,977
– –
MUX icon
22
McEwen Inc
MUX
$978M
$2.09M 0.22%
113,000
– –
INSW icon
23
International Seaways
INSW
$4.3B
– –
-194,763
Closed -$8.97M
SSRM icon
24
SSR Mining
SSRM
$5.31B
– –
-3,353,891
Closed -$81.9M

Similar funds

CFFNO
Common Fund For Nonprofit Organizations Wilton, Connecticut $1.03B AUM 22.44% 1-Year Est. Return
TBA
Tower Bridge Advisors Conshohocken, Pennsylvania $1.04B AUM 23.66% 1-Year Est. Return
TWM
Tanager Wealth Management Goring On Thames, United Kingdom $1.03B AUM 16.43% 1-Year Est. Return
RIM
RW Investment Management Eagle, Idaho $1.03B AUM
ELFC
E-L Financial Corp Toronto, Ontario, Canada $1.04B AUM 16.28% 1-Year Est. Return
MGWM
Marks Group Wealth Management Minnetonka, Minnesota $1.04B AUM 8.96% 1-Year Est. Return
MSIIA
Morgan Stanley Institutional Investment Advisors Greenwood Village, Colorado $1.04B AUM 22.76% 1-Year Est. Return
NFG
Nadler Financial Group Deerfield, Illinois $1.04B AUM 19.04% 1-Year Est. Return

Condire Management's Q4 2025 Portfolio in Review

As of Q4 2025, Condire Management held 24 positions worth $958M, up 15% from $835M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Condire Management's Q4 2025 filing shows 4 new, 7 increased, 2 reduced and 2 closed positions. Its largest new stake was B2Gold: 11,265,300 shares worth $50.8M. The largest sale was SSR Mining, an estimated $81.9M.

By sector, the portfolio is most concentrated in Materials at 72% of assets, up from 71% a quarter earlier, followed by Energy and Industrials.

  • Condire Management's largest Q4 2025 buy was B2Gold: 11,265,300 shares worth $50.8M.
  • Condire Management added most to Endeavour Silver in Q4 2025, an estimated $12.8M increase.
  • Condire Management's biggest Q4 2025 reduction was New Gold Inc, cutting an estimated $19.6M.
  • Condire Management fully exited SSR Mining in Q4 2025, selling an estimated $81.9M.
  • Condire Management's ten largest holdings make up 83% of its $958M portfolio in Q4 2025.
  • Condire Management opened 4 new positions and closed 2 in Q4 2025.
  • Condire Management's portfolio value rose 15% quarter-over-quarter to $958M.

Based on Condire Management's 13F filing for Q4 2025, filed 17 Feb 2026.