# Condire Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1847739. Source: https://holderbook.com/funds/1847739-condire-management-lp/

- Reported value: $942.3M
- Positions: 21
- Weight of the ten largest: 79.6%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $162.3M | 9,942,304 | 17.2% | 2 |
| I-80 GOLD CORP | [IAUX](https://holderbook.com/stocks/IAUX/) | $118.2M | 82,103,559 | 12.5% | 5 |
| OCEANAGOLD CORP | [OGC](https://holderbook.com/stocks/OGC/) | $87.4M | 3,492,154 | 9.3% | 1 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $77.5M | 1,067,010 | 8.2% | 20 |
| OSISKO DEVELOPMENT CORP | [ODV](https://holderbook.com/stocks/ODV/) | $61.6M | 25,050,980 | 6.5% | 7 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $56.8M | 496,575 | 6.0% | 21 |
| RAYONIER ADVANCED MATLS INC | [RYAM](https://holderbook.com/stocks/RYAM/) | $50.0M | 6,358,877 | 5.3% | 21 |
| SEADRILL LTD | [SDRL](https://holderbook.com/stocks/SDRL/) | $48.4M | 1,279,968 | 5.1% | 15 |
| SIBANYE STILLWATER LTD | [SBSW](https://holderbook.com/stocks/SBSW/) | $44.5M | 5,244,469 | 4.7% | 22 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $43.3M | 11,571,607 | 4.6% | 3 |
| ENDEAVOUR SILVER CORP | [EXK](https://holderbook.com/stocks/EXK/) | $37.3M | 4,503,543 | 4.0% | 5 |
| ALLIED GOLD CORP | [AAUC](https://holderbook.com/stocks/AAUC/) | $33.0M | 1,387,845 | 3.5% | 1 |
| I-80 GOLD CORP | [IAUXWS](https://holderbook.com/stocks/IAUXWS/) | $32.4M | 41,602,399 | 3.4% | 4 |
| TIDEWATER INC NEW | [TDW](https://holderbook.com/stocks/TDW/) | $19.0M | 285,900 | 2.0% | 11 |
| CORE NATURAL RESOURCES INC | [CNR](https://holderbook.com/stocks/CNR/) | $16.1M | 201,663 | 1.7% | 6 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $14.9M | 600,000 | 1.6% | 10 |
| CADELER A S | [CDLR](https://holderbook.com/stocks/CDLR/) | $11.8M | 539,983 | 1.3% | 11 |
| ELEMENTAL RTY CORP | [ELE](https://holderbook.com/stocks/ELE/) | $11.2M | 641,515 | 1.2% | 3 |
| NEXMETALS MINING CORP. | [NEXM](https://holderbook.com/stocks/NEXM/) | $8.3M | 3,513,500 | 0.9% | 3 |
| TSAKOS ENERGY NAVIGATION LTD | [TEN](https://holderbook.com/stocks/TEN/) | $6.2M | 174,927 | 0.7% | 6 |
| MCEWEN INC. | [MUX](https://holderbook.com/stocks/MUX/) | $2.0M | 113,000 | 0.2% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -17.8% | +14.8% | -32.6% | 100% |
| Q1 2026 | +21.1% | -4.6% | +25.7% | 75% |
| Q4 2025 | +13.7% | +2.4% | +11.3% | 100% |
| Q3 2025 | +40.3% | +7.8% | +32.5% | 100% |
| Q2 2025 | +10.9% | +10.5% | +0.4% | 100% |
| Q1 2025 | -5.5% | -4.6% | -0.9% | 94% |
| Q4 2024 | -9.2% | +2.1% | -11.3% | 100% |
| Q3 2024 | -0.5% | +5.4% | -6.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $942.3M | 21 |
| Q1 2026 | $1.0B | 19 |
| Q4 2025 | $958.0M | 22 |
| Q3 2025 | $835.4M | 20 |
| Q2 2025 | $694.3M | 27 |
| Q1 2025 | $668.8M | 22 |
| Q4 2024 | $690.6M | 20 |
| Q3 2024 | $795.5M | 17 |
| Q2 2024 | $740.4M | 16 |
| Q1 2024 | $740.5M | 19 |
| Q4 2023 | $652.0M | 18 |
| Q3 2023 | $588.1M | 14 |