Cobalt Capital Management
SHORT HILLS, NJfiles as COBALT CAPITAL MANAGEMENT, INC.
$140m in 26 US stocks at the end of 30 June 2026. The top 10 are 82.9% of the money. It changed about 52.3% of the portfolio this quarter.
Value
$140m
Stocks
26
Top 10 share
82.9%
Turnover
52.3%
What changed this quarter
New
Bought for the first time this quarter.
- BlackstoneBX8.4% of the fund
- Crown HoldingsCCK6.0% of the fund
- VistraVST5.1% of the fund
- Elevance HealthELV4.1% of the fund
- Global PaymentsGPN2.1% of the fund
- Apollo Global ManagementAPO1.7% of the fund
- Silicon Motion TechnologySIMO1.4% of the fund
- MGM Resorts InternationalMGM1.4% of the fund
- CalumetCLMT1.3% of the fund
- WhiteHawk MineralsWHK1.0% of the fund
- Honeywell AerospaceHONA0.8% of the fund
- DiaMedica TherapeuticsDMAC0.5% of the fund
- Lionsgate StudiosLION0.3% of the fund
Added
Bought more of a stock they already held.
- Expand EnergyEXE11.0% of the fund+89%
- FTAI AviationFTAI5.8% of the fund+329%
- Blue Owl CapitalOBDC2.5% of the fund+19%
- Teva Pharmaceutical IndustriesTEVA1.4% of the fund+140%
- ViasatVSAT1.3% of the fund+5%
Cut
Sold some of their stake.
- Norfolk SouthernNSC15.7% of the fund-39%
- Micron TechnologyMU9.9% of the fund-60%
- United Airlines HoldingsUAL3.9% of the fund-53%
- Brookdale Senior LivingBKD0.8% of the fund-80%
- Rocket CompaniesRKT0.3% of the fund-87%
- Caesars EntertainmentCZR0.2% of the fund-83%
Sold out
Sold their entire stake.
- Air Lease-100%
- Honeywell InternationalHON-100%
- Labcorp HoldingsLH-100%
- Cigna GroupCI-100%
- Diamondback EnergyFANG-100%
- KKRKKR-100%
- DHT HoldingsDHT-100%
- Lithia MotorsLAD-100%
- Hertz Global HoldingsHTZ-100%
- Sable OffshoreSOC-100%
- Sonida Senior LivingSNDA-100%
Holdings
- Spdr Gold TRGLD
- Share
- 13.1%
- Value
- $18m
- Shares
- 50,000
Held
- Silicon Motion TechnologySIMO
- Share
- 1.4%
- Value
- $2m
- Shares
- 6,000
New
- WhiteHawk MineralsWHK
- Share
- 1.0%
- Value
- $1m
- Shares
- 50,000
New
- Honeywell AerospaceHONA
- Share
- 0.8%
- Value
- $1m
- Shares
- 5,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Norfolk SouthernNSC | 15.7% | $22m | 70,000 | -39% |
| Spdr Gold TRGLD | 13.1% | $18m | 50,000 | Held |
| Expand EnergyEXE | 11.0% | $16m | 170,000 | +89% |
| Micron TechnologyMU | 9.9% | $14m | 12,000 | -60% |
| BlackstoneBX | 8.4% | $12m | 100,000 | New |
| Crown HoldingsCCK | 6.0% | $8m | 75,000 | New |
| FTAI AviationFTAI | 5.8% | $8m | 30,000 | +329% |
| VistraVST | 5.1% | $7m | 45,000 | New |
| Elevance HealthELV | 4.1% | $6m | 15,000 | New |
| United Airlines HoldingsUAL | 3.9% | $5m | 40,000 | -53% |
| Blue Owl CapitalOBDC | 2.5% | $3m | 321,618 | +19% |
| Global PaymentsGPN | 2.1% | $3m | 40,000 | New |
| Apollo Global ManagementAPO | 1.7% | $2m | 20,000 | New |
| Teva Pharmaceutical IndustriesTEVA | 1.4% | $2m | 60,000 | +140% |
| Silicon Motion TechnologySIMO | 1.4% | $2m | 6,000 | New |
| MGM Resorts InternationalMGM | 1.4% | $2m | 40,000 | New |
| CalumetCLMT | 1.3% | $2m | 50,000 | New |
| ViasatVSAT | 1.3% | $2m | 20,000 | +5% |
| WhiteHawk MineralsWHK | 1.0% | $1m | 50,000 | New |
| Brookdale Senior LivingBKD | 0.8% | $1m | 70,000 | -80% |
| Honeywell AerospaceHONA | 0.8% | $1m | 5,000 | New |
| DiaMedica TherapeuticsDMAC | 0.5% | $633,600 | 90,000 | New |
| Lionsgate StudiosLION | 0.3% | $459,300 | 30,000 | New |
| Rocket CompaniesRKT | 0.3% | $393,750 | 25,000 | -87% |
| AMC Entertainment HoldingsAMC | 0.2% | $323,000 | 170,000 | Held |
| Caesars EntertainmentCZR | 0.2% | $301,800 | 10,000 | -83% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 34.1% since 30 June 2025.
Where the money is
Industrials20.3%
Technology15.6%
Energy13.3%
Financial services12.4%
Health care6.8%
Materials6.0%
Utilities5.1%
Media & telecom1.8%
Retail & consumer1.6%
Other17.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.