Condire Management, LP
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $1,860,020,618 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $1,195,499,600 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $1,237,949,965 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $1,245,172,421 | Pooled investment vehicles (100%) |
| Apr 2023 | $1,245,172,421 | Pooled investment vehicles (100%) |
| May 2022 to Mar 2023 | $872,100,632 | Pooled investment vehicles (100%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 99.2%; sector active share 93.2% against the combined 13F book's sector weights.
Over time 22 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
20 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Basic Materials | 72.4% | $659,296,404 |
| Energy | 26.3% | $238,891,594 |
| Industrials | 1.3% | $11,831,027 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CVE | Cenovus Energy Inc. | −500,000 | 600,000 | $14,886,000 | |
| VAL | Valaris Ltd | −91,641 | 1,067,010 | $77,464,926 | |
| CDLR | Cadeler A/S | −84,417 | 539,983 | $11,831,027 | |
| CHRD | Chord Energy Corp | −59,961 | 496,575 | $56,758,522 | |
| ELE | Elemental Royalty Corp | −32,900 | 641,515 | $11,200,851 | |
| TEN | Tsakos Energy Navigation Ltd | −16,050 | 174,927 | $6,187,167 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CDE |
Coeur Mining, Inc.
Basic Materials
|
Held | 9,942,304 | $162,258,401 | 17.83% | |
| IAUX |
i-80 Gold Corp.
Basic Materials
|
Held | 82,103,559 | $118,229,124 | 12.99% | |
| OGC |
OceanaGold Corp
Basic Materials
|
NEW | 3,492,154 | $87,583,222 | 9.62% | |
| VAL |
Valaris Ltd
Energy
|
Reduced | 1,067,010 | $77,464,926 | 8.51% | |
| OGG |
Osisko Gold Group Inc.
Basic Materials
|
Held | 25,050,980 | $61,625,410 | 6.77% | |
| CHRD |
Chord Energy Corp
Energy
|
Reduced | 496,575 | $56,758,522 | 6.24% | |
| RYAM |
Rayonier Advanced Materials Inc.
Basic Materials
|
Held | 6,358,877 | $49,980,773 | 5.49% | |
| SDRL |
SEADRILL Ltd
Energy
|
Held | 1,279,968 | $48,408,389 | 5.32% | |
| SBSW |
Sibanye Stillwater Ltd
Basic Materials
|
Held | 5,244,469 | $44,525,541 | 4.89% | |
| BTG |
B2gold Corp
Basic Materials
|
Held | 11,571,607 | $43,277,810 | 4.76% | |
| EXK |
Endeavour Silver Corp
Basic Materials
|
Held | 4,503,543 | $37,289,336 | 4.10% | |
| AAUC |
Allied Gold Corp
Basic Materials
|
NEW | 1,387,845 | $33,002,954 | 3.63% | |
| TDW |
Tidewater Inc
Energy
|
Held | 285,900 | $19,049,517 | 2.09% | |
| CNR |
Core Natural Resources, Inc.
Energy
|
Held | 201,663 | $16,137,073 | 1.77% | |
| CVE |
Cenovus Energy Inc.
Energy
|
Reduced | 600,000 | $14,886,000 | 1.64% | |
| CDLR |
Cadeler A/S
Industrials
|
Reduced | 539,983 | $11,831,027 | 1.30% | |
| ELE |
Elemental Royalty Corp
Basic Materials
|
Reduced | 641,515 | $11,200,851 | 1.23% | |
| NEXM |
NexMetals Mining Corp.
Basic Materials
|
Held | 3,513,500 | $8,274,292 | 0.91% | |
| TEN |
Tsakos Energy Navigation Ltd
Energy
|
Reduced | 174,927 | $6,187,167 | 0.68% | |
| MUX |
McEwen Inc.
Basic Materials
|
Held | 113,000 | $2,048,690 | 0.23% |
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.