Cobalt Capital Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Cobalt Capital Management, Inc. reported 26 stock positions worth $140.5 million. Its top holding was Norfolk Southern (NSC) at 15.7% of the portfolio, followed by SPDR Gold Shares (GLD, 13.1%) and Expand Energy (EXE, 11.0%). Compared with Q1 2026, it opened 12 new positions, sold out of 11, added to 5 and reduced 7. The biggest buy was a new position in Blackstone (BX) and the biggest sale an exit from Sumisho Air Lease (AL).
- Most Recent 13F
- Q2 2026
- Location
- SHORT HILLS, NJ
- CIK
- 0001086762
- Portfolio Value
- $140.5M (Q2 2026)
- SEC Filing
- 0000919574-26-005149 ↗ filed Aug 14, 2026
Holdings Value
Holdings 26 stocks · $140.5M
| NSC Norfolk Southern Corp. | 15.68% | 70,000 | $22.0M | Reduce -39.1% |
| GLD SPDR Gold Shares | 13.11% | 50,000 | $18.4M | No change |
| EXE Expand Energy Corp. | 11.04% | 170,000 | $15.5M | Add +89.3% |
| MU Micron Technology Inc. | 9.86% | 12,000 | $13.9M | Reduce -60.0% |
| BX Blackstone Inc. | 8.38% | 100,000 | $11.8M | New |
| CCK Crown Holdings Inc. | 5.97% | 75,000 | $8.4M | New |
| FTAI Ftai Aviation Ltd. | 5.78% | 30,000 | $8.1M | Add +328.6% |
| VST Vistra Corp. | 5.08% | 45,000 | $7.1M | New |
| ELV Elevance Health Inc. | 4.13% | 15,000 | $5.8M | New |
| UAL United Airlines Holdings Inc. | 3.87% | 40,000 | $5.4M | Reduce -52.9% |
| OBDC Blue Owl Capital Corp. | 2.49% | 321,618 | $3.5M | Add +19.1% |
| GPN Global Payments Inc. | 2.07% | 40,000 | $2.9M | New |
| APO Apollo Global Management Inc. | 1.68% | 20,000 | $2.4M | New |
| TEVA Teva Pharmaceutical-SP ADR | 1.45% | 60,000 | $2.0M | Add +140.0% |
| SIMO Silicon Motion Technol-ADR | 1.42% | 6,000 | $2.0M | New |
| MGM MGM Resorts International | 1.36% | 40,000 | $1.9M | New |
| CLMT Calumet Inc. | 1.28% | 50,000 | $1.8M | New |
| VSAT Viasat Inc. | 1.28% | 20,000 | $1.8M | Add +5.3% |
| WHK Whitehawk Minerals Corp. Class A | 0.99% | 50,000 | $1.4M | New |
| BKD Brookdale Senior Living Inc. | 0.80% | 70,000 | $1.1M | Reduce -80.0% |
| HONA Honeywell Aerospace Inc. | 0.79% | 5,000 | $1.1M | Reduce -88.2% |
| DMAC Diamedica Therapeutics Inc. | 0.45% | 90,000 | $634K | New |
| LION Lionsgate Studios Corp. | 0.33% | 30,000 | $459K | New |
| RKT Rocket Cos Inc. Class A | 0.28% | 25,000 | $394K | Reduce -86.8% |
| AMC AMC Entertainment HLDS Class A | 0.23% | 170,000 | $323K | No change |
| CZR Caesars Entertainment Inc. | 0.21% | 10,000 | $302K | Reduce -83.3% |
Portfolio Sells Q1 2026 → Q2 2026
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −10.89 |
| HON Honeywell International Inc. | Sold out | 0.00% | −10.76 |
| LH Labcorp Holdings Inc. | Sold out | 0.00% | −5.98 |
| HONA Honeywell Aerospace Inc. | Reduce -88.2% | 0.79% | −4.47 |
| CI The Cigna Group | Sold out | 0.00% | −3.73 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −3.32 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −3.11 |
| NSC Norfolk Southern Corp. | Reduce -39.1% | 15.68% | −2.80 |
| DHT DHT Holdings Inc. | Sold out | 0.00% | −2.66 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −2.00 |
| BKD Brookdale Senior Living Inc. | Reduce -80.0% | 0.80% | −1.88 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −1.34 |
| RKT Rocket Cos Inc. Class A | Reduce -86.8% | 0.28% | −1.24 |
| SOC Sable Offshore Corp. | Sold out | 0.00% | −1.02 |
| CZR Caesars Entertainment Inc. | Reduce -83.3% | 0.21% | −0.67 |
| UAL United Airlines Holdings Inc. | Reduce -52.9% | 3.87% | −0.51 |
| SNDA Sonida Senior Living Inc. | Sold out | 0.00% | −0.37 |
| MU Micron Technology Inc. | Reduce -60.0% | 9.86% | +4.18 |
Portfolio Buys Q1 2026 → Q2 2026
| BX Blackstone Inc. | New | 8.38% | +8.38 |
| CCK Crown Holdings Inc. | New | 5.97% | +5.97 |
| EXE Expand Energy Corp. | Add +89.3% | 11.04% | +5.52 |
| VST Vistra Corp. | New | 5.08% | +5.08 |
| FTAI Ftai Aviation Ltd. | Add +328.6% | 5.78% | +4.82 |
| ELV Elevance Health Inc. | New | 4.13% | +4.13 |
| GPN Global Payments Inc. | New | 2.07% | +2.07 |
| APO Apollo Global Management Inc. | New | 1.68% | +1.68 |
| SIMO Silicon Motion Technol-ADR | New | 1.42% | +1.42 |
| MGM MGM Resorts International | New | 1.36% | +1.36 |
| CLMT Calumet Inc. | New | 1.28% | +1.28 |
| TEVA Teva Pharmaceutical-SP ADR | Add +140.0% | 1.45% | +1.03 |
| WHK Whitehawk Minerals Corp. Class A | New | 0.99% | +0.99 |
| OBDC Blue Owl Capital Corp. | Add +19.1% | 2.49% | +0.82 |
| VSAT Viasat Inc. | Add +5.3% | 1.28% | +0.79 |
| DMAC Diamedica Therapeutics Inc. | New | 0.45% | +0.45 |
| LION Lionsgate Studios Corp. | New | 0.33% | +0.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $140.5M | NSC, GLD, EXE, MU, BX |
| Q1 2026 | 24 | $178.6M | NSC, GLD, AL, HON, LH |
| Q4 2025 | 28 | $225.9M | GLD, AL, NSC, APO, EXE |
| Q3 2025 | 22 | $217.6M | AL, GLD, NSC, MOH, COF |
| Q2 2025 | 26 | $213.1M | AL, COF, VST, GLD, UAL |
| Q1 2025 | 22 | $203.1M | GLD, AL, VST, TOL, HES |
| Q4 2024 | 27 | $240.7M | GLD, UAL, VST, AL, C |
| Q3 2024 | 26 | $225.0M | VST, GLD, AL, UAL, EQT |
| Q2 2024 | 22 | $230.7M | AL, GLD, VST, WDC, UAL |
| Q1 2024 | 24 | $310.2M | GLD, AL, UAL, VST, CRH |