Cobalt Capital Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Cobalt Capital Management, Inc. reported 24 stock positions worth $310.2 million. Its top holding was SPDR Gold Shares (GLD) at 19.9% of the portfolio, followed by Sumisho Air Lease (AL, 18.1%) and United Airlines (UAL, 7.9%). Compared with Q4 2023, it opened 8 new positions, sold out of 10, added to 6 and reduced 8. The biggest buy was United Airlines (UAL, shares +155%) and the biggest sale Aercap (AER, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- SHORT HILLS, NJ
- CIK
- 0001086762
- Portfolio Value
- $310.2M (Q1 2024)
- SEC Filing
- 0000919574-24-003044 ↗ filed May 15, 2024
Holdings Value
Holdings 24 stocks · $310.2M
| GLD SPDR Gold Shares | 19.90% | 300,000 | $61.7M | No change |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 18.13% | 1,093,194 | $56.2M | Reduce -14.0% |
| UAL United Airlines Holdings Inc. | 7.87% | 510,000 | $24.4M | Add +155.0% |
| VST Vistra Corp. | 7.85% | 349,500 | $24.3M | Reduce -12.6% |
| CRH CRH PLC | 6.26% | 225,000 | $19.4M | Add +2.3% |
| AER Aercap Holdings NV | 5.32% | 190,000 | $16.5M | Reduce -50.5% |
| KKR KKR & Co. Inc. | 4.70% | 145,000 | $14.6M | Reduce -3.3% |
| LNG Cheniere Energy Inc. | 4.68% | 90,000 | $14.5M | Reduce -10.0% |
| FTAI Ftai Aviation Ltd. | 4.34% | 200,000 | $13.5M | Reduce -33.3% |
| GM General Motors Co. | 3.80% | 260,000 | $11.8M | Add +108.0% |
| WDC Western Digital Corp. | 3.30% | 150,000 | $10.2M | New |
| PR Permian Resources Corp. Class A | 2.85% | 500,000 | $8.8M | Reduce -32.9% |
| GLNG Golar LNG Ltd. | 1.86% | 240,000 | $5.8M | Reduce -54.3% |
| CCK Crown Holdings Inc. | 1.79% | 70,000 | $5.5M | New |
| EQT Eqt Corp. | 1.20% | 100,000 | $3.7M | New |
| AN Autonation Inc. | 1.07% | 20,000 | $3.3M | Add +33.3% |
| CAR Avis Budget Group Inc. | 1.07% | 27,000 | $3.3M | Add +80.0% |
| CZR Caesars Entertainment Inc. | 1.06% | 75,000 | $3.3M | New |
| LVS Las Vegas Sands Corp. | 1.00% | 60,000 | $3.1M | New |
| VET Vermilion Energy Inc. | 0.70% | 175,000 | $2.2M | Add +45.8% |
| LAD Lithia Motors Inc. | 0.48% | 5,000 | $1.5M | New |
| APO Apollo Global Management Inc. | 0.36% | 10,000 | $1.1M | No change |
| TEVA Teva Pharmaceutical-SP ADR | 0.23% | 50,700 | $715K | New |
| MU Micron Technology Inc. | 0.19% | 5,000 | $589K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AER Aercap Holdings NV | Reduce -50.5% | 5.32% | −4.60 |
| LEA Lear Corp. | Sold out | 0.00% | −3.69 |
| GLNG Golar LNG Ltd. | Reduce -54.3% | 1.86% | −2.34 |
| LNG Cheniere Energy Inc. | Reduce -10.0% | 4.68% | −1.26 |
| BAC Bank of America Corp. | Sold out | 0.00% | −1.17 |
| PCRX Pacira Biosciences Inc. | Sold out | 0.00% | −1.06 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.03 |
| SDRL Seadrill Limited | Sold out | 0.00% | −0.99 |
| CI The Cigna Group | Sold out | 0.00% | −0.83 |
| HUM Humana Inc. | Sold out | 0.00% | −0.80 |
| PR Permian Resources Corp. Class A | Reduce -32.9% | 2.85% | −0.68 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.59 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.54 |
| FTAI Ftai Aviation Ltd. | Reduce -33.3% | 4.34% | −0.51 |
| AL Sumisho Air Lease Corp. | Reduce -14.0% | 18.13% | −0.44 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.36 |
| KKR KKR & Co. Inc. | Reduce -3.3% | 4.70% | +0.38 |
| VST Vistra Corp. | Reduce -12.6% | 7.85% | +2.48 |
Portfolio Buys Q4 2023 → Q1 2024
| UAL United Airlines Holdings Inc. | Add +155.0% | 7.87% | +5.00 |
| WDC Western Digital Corp. | New | 3.30% | +3.30 |
| GM General Motors Co. | Add +108.0% | 3.80% | +2.24 |
| CCK Crown Holdings Inc. | New | 1.79% | +1.79 |
| EQT Eqt Corp. | New | 1.20% | +1.20 |
| CZR Caesars Entertainment Inc. | New | 1.06% | +1.06 |
| LVS Las Vegas Sands Corp. | New | 1.00% | +1.00 |
| CRH CRH PLC | Add +2.3% | 6.26% | +0.96 |
| LAD Lithia Motors Inc. | New | 0.48% | +0.48 |
| AN Autonation Inc. | Add +33.3% | 1.07% | +0.28 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.23% | +0.23 |
| VET Vermilion Energy Inc. | Add +45.8% | 0.70% | +0.20 |
| MU Micron Technology Inc. | New | 0.19% | +0.19 |
| CAR Avis Budget Group Inc. | Add +80.0% | 1.07% | +0.14 |
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 |