Condire Management, LP
DALLAS, TX
$942m in 21 US stocks at the end of 30 June 2026. The top 10 are 79.6% of the money. It changed about 13.3% of the portfolio this quarter.
Value
$942m
Stocks
21
Top 10 share
79.6%
Turnover
13.3%
What changed this quarter
New
Bought for the first time this quarter.
- OceanaGoldOGC9.3% of the fund
- Allied GoldAAUC3.5% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- ValarisVAL8.2% of the fund-8%
- Chord EnergyCHRD6.0% of the fund-11%
- Cenovus EnergyCVE1.6% of the fund-45%
- Cadeler A SCDLR1.3% of the fund-14%
- Elemental RoyaltyELE1.2% of the fund-5%
- Tsakos Energy NavigationTEN0.7% of the fund-8%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- OceanaGoldOGC
- Share
- 9.3%
- Value
- $87m
- Shares
- 3,492,154
New
- Osisko Development
- Share
- 6.5%
- Value
- $62m
- Shares
- 25,050,980
Held
- B2goldBTG
- Share
- 4.6%
- Value
- $43m
- Shares
- 11,571,607
Held
- Endeavour SilverEXK
- Share
- 4.0%
- Value
- $37m
- Shares
- 4,503,543
Held
- Allied GoldAAUC
- Share
- 3.5%
- Value
- $33m
- Shares
- 1,387,845
New
- I-80 GoldIAUX-WS
- Share
- 3.4%
- Value
- $32m
- Shares
- 41,602,399
Held
- Cenovus EnergyCVE
- Share
- 1.6%
- Value
- $15m
- Shares
- 600,000
-45%
- Cadeler A SCDLR
- Share
- 1.3%
- Value
- $12m
- Shares
- 539,983
-14%
- Elemental RoyaltyELE
- Share
- 1.2%
- Value
- $11m
- Shares
- 641,515
-5%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Coeur MiningCDE | 17.2% | $162m | 9,942,304 | Held |
| i-80 GoldIAUX | 12.5% | $118m | 82,103,559 | Held |
| OceanaGoldOGC | 9.3% | $87m | 3,492,154 | New |
| ValarisVAL | 8.2% | $77m | 1,067,010 | -8% |
| Osisko Development | 6.5% | $62m | 25,050,980 | Held |
| Chord EnergyCHRD | 6.0% | $57m | 496,575 | -11% |
| Rayonier Advanced MaterialsRYAM | 5.3% | $50m | 6,358,877 | Held |
| SeadrillSDRL | 5.1% | $48m | 1,279,968 | Held |
| Sibanye StillwaterSBSW | 4.7% | $45m | 5,244,469 | Held |
| B2goldBTG | 4.6% | $43m | 11,571,607 | Held |
| Endeavour SilverEXK | 4.0% | $37m | 4,503,543 | Held |
| Allied GoldAAUC | 3.5% | $33m | 1,387,845 | New |
| I-80 GoldIAUX-WS | 3.4% | $32m | 41,602,399 | Held |
| TidewaterTDW | 2.0% | $19m | 285,900 | Held |
| Core Natural ResourcesCNR | 1.7% | $16m | 201,663 | Held |
| Cenovus EnergyCVE | 1.6% | $15m | 600,000 | -45% |
| Cadeler A SCDLR | 1.3% | $12m | 539,983 | -14% |
| Elemental RoyaltyELE | 1.2% | $11m | 641,515 | -5% |
| NexMetals MiningNEXM | 0.9% | $8m | 3,513,500 | Held |
| Tsakos Energy NavigationTEN | 0.7% | $6m | 174,927 | -8% |
| McEwenMUX | 0.2% | $2m | 113,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 35.7% since 30 June 2025.
Where the money is
Materials63.4%
Energy22.7%
Industrials2.7%
Other11.2%
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.