Condire Management, LP

CIK

1847739

Location

DALLAS, TX

Portfolio Value

Small $993,182,813

Diversification

Diversified

Filing Date

Global Rank

#1,770 / 8,605 ▲ 161 · as of Mar 2026

Top Industry

Gold 44.8%

3Y Alpha vs SPY

+0.4%

Period ended 3 months ago

Filed May 15, 2026 · 55d

21 quarters · since Mar 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+78.7%

SPY

+76.5%

Annualised alpha

+0.5%

Max drawdown

−41.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

18 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

18.8%

−7.7 pts

Top 5

59.0%

−4.2 pts

Top 10

87.9%

+0.2 pts

HHI

969

Diversified−234

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	65.0%	$645,803,643	10
Energy	33.5%	$332,687,038	7
Industrials	1.5%	$14,692,132	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
ODV	Osisko Development Corp.	+1,938,944	25,050,980	$81,415,685
IAUX	i-80 Gold Corp.	+1,862,001	82,103,559	$124,797,409
BTG	B2gold Corp	+306,307	11,571,607	$52,419,379
CHRD	Chord Energy Corp	+51,000	556,536	$79,128,288
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
ELE	Elemental Royalty Corp	−11,831	674,415	$12,705,978
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
CDE	Coeur Mining, Inc.	9,942,304	$186,617,046
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
NGD	New Gold Inc. /FI	27,437,020	$238,976,444
AEM	Agnico Eagle Mines Ltd	95,186	$16,136,882
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

18 positions · $993,182,813 total · as of Mar 31, 2026

All sectors Basic Materials Energy Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CDE	Coeur Mining, Inc. Basic Materials	NEW	9,942,304	NEW	$186,617,046	NEW	18.79%
IAUX	i-80 Gold Corp. Basic Materials	Added	82,103,559	+1,862,001	$124,797,409	+6.5%	12.57%
VAL	Valaris Ltd Energy	Held	1,158,651	0	$113,594,144	+94.5%	11.44%
ODV	Osisko Development Corp. Basic Materials	Added	25,050,980	+1,938,944	$81,415,685	+0.9%	8.20%
CHRD	Chord Energy Corp Energy	Added	556,536	+51,000	$79,128,288	+68.8%	7.97%
RYAM	Rayonier Advanced Materials Inc. Basic Materials	Held	6,358,877	0	$70,392,768	+87.9%	7.09%
SBSW	Sibanye Stillwater Ltd Basic Materials	Held	5,244,469	0	$64,611,858	−13.5%	6.51%
SDRL	SEADRILL Ltd Energy	Held	1,279,968	0	$58,238,544	+31.5%	5.86%
BTG	B2gold Corp Basic Materials	Added	11,571,607	+306,307	$52,419,379	+3.2%	5.28%
EXK	Endeavour Silver Corp Basic Materials	Held	4,503,543	0	$41,927,985	−1.0%	4.22%
CVE	Cenovus Energy Inc. Energy	Held	1,100,000	0	$29,183,000	+56.8%	2.94%
TDW	Tidewater Inc Energy	Held	285,900	0	$23,886,945	+65.4%	2.41%
CNR	Core Natural Resources, Inc. Energy	Held	201,663	0	$21,120,165	+18.3%	2.13%
CDLR	Cadeler A/S Industrials	Held	624,400	0	$14,692,132	+26.6%	1.48%
ELE	Elemental Royalty Corp Basic Materials	Reduced	674,415	-11,831	$12,705,978	+9.1%	1.28%
NEXM	NexMetals Mining Corp. Basic Materials	Reduced	3,513,500	-3,549,075	$8,608,075	−68.8%	0.87%
TEN	Tsakos Energy Navigation Ltd Energy	Held	190,977	0	$7,535,952	+76.0%	0.76%
MUX	McEwen Inc. Basic Materials	Held	113,000	0	$2,307,460	+10.3%	0.23%