COBALT CAPITAL MANAGEMENT, INC.
Reports for
COBALT PARTNERS, L.P.
Filing Date
Global Rank
#4,766
/ 8,636
▼ 585
· as of Mar 2026
Top Industry
Railroads
27.9%
3Y Alpha vs SPY
+16.3%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Aug 2023–Aug 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+161.0%
SPY
+78.8%
Annualised alpha
+16.3%
Max drawdown
−26.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
24 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
23.6%
+8.0 pts
Top 5
60.9%
+4.4 pts
Top 10
82.9%
+2.3 pts
HHI
1,087
Diversified+220
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 32.1% | $44,943,150 |
| Healthcare | 16.8% | $23,537,728 |
| Energy | 16.0% | $22,359,344 |
| Unclassified | 15.4% | $21,514,500 |
| Financial Services | 8.0% | $11,243,700 |
| Technology | 7.9% | $11,005,400 |
| Consumer Cyclical | 3.7% | $5,164,787 |
| Communication Services | 0.1% | $166,600 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BKD | Brookdale Senior Living Inc. | +310,000 | 350,000 | $4,788,000 | |
| OBDC | Blue Owl Capital Corp | +209,808 | 270,000 | $2,986,200 | |
| UAL | United Airlines Holdings, Inc. | +35,000 | 85,000 | $7,825,950 | |
| NSC | Norfolk Southern Corp | +15,000 | 115,000 | $33,005,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
9 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AL | SUMISHO AIR LEASE CORP | −150,500 | 299,500 | $0 | |
| SOC | Sable Offshore Corp. | −150,000 | 110,000 | $1,817,200 | |
| HTZ | Hertz Global Holdings, Inc | −104,900 | 520,000 | $2,397,200 | |
| TEVA | Teva Pharmaceutical Industries Ltd | −93,201 | 25,000 | $753,000 | |
| VSAT | Viasat Inc | −81,000 | 19,000 | $870,200 | |
| AMC | Amc Entertainment Holdings, Inc. | −80,000 | 170,000 | $166,600 | |
| EXE | EXPAND ENERGY Corp | −30,200 | 89,800 | $9,858,244 | |
| GLD | Spdr Gold Trust | −25,000 | 50,000 | $21,514,500 | |
| CI | Cigna Group | −5,000 | 25,000 | $6,668,750 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LH | Labcorp Holdings Inc. | 40,000 | $10,672,400 | |
| MU | Micron Technology Inc | 30,000 | $10,135,200 | |
| FANG | Diamondback Energy, Inc. | 30,000 | $5,933,700 | |
| KKR | KKR & Co. Inc. | 60,000 | $5,550,000 | |
| DHT | DHT Holdings, Inc. | 260,000 | $4,750,200 | |
| LAD | Lithia Motors Inc | 14,332 | $3,578,987 | |
| RKT | Rocket Companies, Inc. | 190,000 | $2,707,500 | |
| FTAI | FTAI Aviation Ltd. | 7,000 | $1,715,000 | |
| CZR | Caesars Entertainment, Inc. | 60,000 | $1,585,800 | |
| SNDA | Sonida Senior Living, Inc. | 20,328 | $655,578 | |
| HON | Honeywell International Inc | 85,000 | $0 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| APO | Apollo Global Management, Inc. | 160,000 | $23,161,600 | |
| ALK | Alaska Air Group, Inc. | 260,000 | $13,078,000 | |
| AMAT | Applied Materials Inc /De | 41,000 | $10,536,590 | |
| OWL | Blue Owl Capital Inc. | 700,085 | $10,459,269 | |
| HUM | Humana Inc | 40,000 | $10,245,200 | |
| MPC | Marathon Petroleum Corp | 40,000 | $6,505,200 | |
| TOL | Toll Brothers, Inc. | 40,000 | $5,408,800 | |
| VST | Vistra Corp. | 30,000 | $4,839,900 | |
| C | Citigroup Inc | 20,000 | $2,333,800 | |
| MOH | Molina Healthcare, Inc. | 10,000 | $1,735,400 | |
| APTV | Aptiv PLC | 20,000 | $1,521,800 | |
| CCK | Crown Holdings, Inc. | 10,000 | $1,029,700 | |
| PRMB | Primo Brands Corp | 20,000 | $327,000 | |
| KPLT | Katapult Holdings, Inc. | 23,860 | $154,135 | |
| No positions match the current search. | ||||
24 tracked positions ·
$139,935,209 total
· filing declares
24 positions · $178,597,289
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Energy
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NSC |
Norfolk Southern Corp
Industrials
|
Added | 115,000 | $33,005,000 | 23.59% | |
| GLD |
Spdr Gold Trust
|
Reduced | 50,000 | $21,514,500 | 15.37% | |
| LH |
Labcorp Holdings Inc.
Healthcare
|
NEW | 40,000 | $10,672,400 | 7.63% | |
| MU |
Micron Technology Inc
Technology
|
NEW | 30,000 | $10,135,200 | 7.24% | |
| EXE |
EXPAND ENERGY Corp
Energy
|
Reduced | 89,800 | $9,858,244 | 7.04% | |
| UAL |
United Airlines Holdings, Inc.
Industrials
|
Added | 85,000 | $7,825,950 | 5.59% | |
| CI |
Cigna Group
Healthcare
|
Reduced | 25,000 | $6,668,750 | 4.77% | |
| FANG |
Diamondback Energy, Inc.
Energy
|
NEW | 30,000 | $5,933,700 | 4.24% | |
| KKR |
KKR & Co. Inc.
Financial Services
|
NEW | 60,000 | $5,550,000 | 3.97% | |
| BKD |
Brookdale Senior Living Inc.
Healthcare
|
Added | 350,000 | $4,788,000 | 3.42% | |
| DHT |
DHT Holdings, Inc.
Energy
|
NEW | 260,000 | $4,750,200 | 3.39% | |
| LAD |
Lithia Motors Inc
Consumer Cyclical
|
NEW | 14,332 | $3,578,987 | 2.56% | |
| OBDC |
Blue Owl Capital Corp
Financial Services
|
Added | 270,000 | $2,986,200 | 2.13% | |
| RKT |
Rocket Companies, Inc.
Financial Services
|
NEW | 190,000 | $2,707,500 | 1.93% | |
| HTZ |
Hertz Global Holdings, Inc
Industrials
|
Reduced | 520,000 | $2,397,200 | 1.71% | |
| SOC |
Sable Offshore Corp.
Energy
|
Reduced | 110,000 | $1,817,200 | 1.30% | |
| FTAI |
FTAI Aviation Ltd.
Industrials
|
NEW | 7,000 | $1,715,000 | 1.23% | |
| CZR |
Caesars Entertainment, Inc.
Consumer Cyclical
|
NEW | 60,000 | $1,585,800 | 1.13% | |
| VSAT |
Viasat Inc
Technology
|
Reduced | 19,000 | $870,200 | 0.62% | |
| TEVA |
Teva Pharmaceutical Industries Ltd
Healthcare
|
Reduced | 25,000 | $753,000 | 0.54% | |
| SNDA |
Sonida Senior Living, Inc.
Healthcare
|
NEW | 20,328 | $655,578 | 0.47% | |
| AMC |
Amc Entertainment Holdings, Inc.
Communication Services
|
Reduced | 170,000 | $166,600 | 0.12% | |
| AL |
SUMISHO AIR LEASE CORP
Industrials
|
Reduced | 299,500 | $0 | 0.00% | |
| HON |
Honeywell International Inc
Industrials
|
NEW | 85,000 | $0 | 0.00% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.