Cobalt Capital Management, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Cobalt Capital Management, Inc. reported 26 stock positions worth $225.0 million. Its top holding was Vistra (VST) at 19.2% of the portfolio, followed by SPDR Gold Shares (GLD, 18.9%) and Sumisho Air Lease (AL, 12.1%). Compared with Q2 2024, it opened 15 new positions, sold out of 11, added to 5 and reduced 6. The biggest buy was Vistra (VST, shares +46%) and the biggest sale Sumisho Air Lease (AL, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- SHORT HILLS, NJ
- CIK
- 0001086762
- Portfolio Value
- $225.0M (Q3 2024)
- SEC Filing
- 0000919574-24-006444 ↗ filed Nov 14, 2024
Holdings Value
Holdings 26 stocks · $225.0M
| VST Vistra Corp. | 19.23% | 365,000 | $43.3M | Add +46.3% |
| GLD SPDR Gold Shares | 18.90% | 175,000 | $42.5M | Reduce -22.2% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 12.08% | 600,000 | $27.2M | Reduce -44.5% |
| UAL United Airlines Holdings Inc. | 9.76% | 385,000 | $22.0M | Add +54.0% |
| EQT Eqt Corp. | 5.70% | 350,000 | $12.8M | Add +600.0% |
| PR Permian Resources Corp. Class A | 5.44% | 900,000 | $12.2M | Add +24.1% |
| STX Seagate Technology Holdings | 4.62% | 95,000 | $10.4M | New |
| LPLA LPL Financial Holdings Inc. | 4.14% | 40,000 | $9.3M | New |
| TOL Toll Brothers Inc. | 4.12% | 60,000 | $9.3M | New |
| DAL Delta Air Lines Inc. | 2.26% | 100,000 | $5.1M | New |
| MGM MGM Resorts International | 2.17% | 125,000 | $4.9M | New |
| ARCH Arch Resources Inc. | 1.84% | 30,000 | $4.1M | New |
| CCJ Cameco Corp. | 1.70% | 80,000 | $3.8M | New |
| GLNG Golar LNG Ltd. | 1.63% | 100,000 | $3.7M | Add +100.0% |
| KKR KKR & Co. Inc. | 1.16% | 20,000 | $2.6M | Reduce -79.0% |
| LAD Lithia Motors Inc. | 1.09% | 7,700 | $2.4M | New |
| VET Vermilion Energy Inc. | 0.72% | 165,000 | $1.6M | Reduce -45.0% |
| FXI iShares China Large-Cap ETF | 0.71% | 50,000 | $1.6M | New |
| WDC Western Digital Corp. | 0.61% | 20,000 | $1.4M | Reduce -91.3% |
| HES Hess Corp. | 0.60% | 10,000 | $1.4M | New |
| DVN Devon Energy Corp. | 0.35% | 20,000 | $782K | Reduce -88.9% |
| INTC Intel Corp. | 0.31% | 30,000 | $704K | New |
| TLN Talen Energy Corp. | 0.29% | 3,600 | $642K | New |
| GXO Gxo Logistics Inc. | 0.23% | 10,000 | $521K | New |
| BLCO Bausch + Lomb Corp. | 0.21% | 25,000 | $482K | New |
| RXO Rxo Inc. | 0.12% | 10,000 | $280K | New |
Portfolio Sells Q2 2024 → Q3 2024
| AL Sumisho Air Lease Corp. | Reduce -44.5% | 12.08% | −10.18 |
| WDC Western Digital Corp. | Reduce -91.3% | 0.61% | −6.98 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −4.17 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −4.03 |
| DVN Devon Energy Corp. | Reduce -88.9% | 0.35% | −3.35 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −3.22 |
| KKR KKR & Co. Inc. | Reduce -79.0% | 1.16% | −3.17 |
| GLD SPDR Gold Shares | Reduce -22.2% | 18.90% | −2.06 |
| CAR Avis Budget Group Inc. | Sold out | 0.00% | −1.59 |
| C Citigroup Inc. | Sold out | 0.00% | −1.51 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −1.31 |
| USFD US Foods Holding Corp. | Sold out | 0.00% | −1.15 |
| VET Vermilion Energy Inc. | Reduce -45.0% | 0.72% | −0.72 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.66 |
| DO Diamond Offshore Drilling Inc. | Sold out | 0.00% | −0.54 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.25 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.17 |
Portfolio Buys Q2 2024 → Q3 2024
| VST Vistra Corp. | Add +46.3% | 19.23% | +9.93 |
| EQT Eqt Corp. | Add +600.0% | 5.70% | +4.90 |
| STX Seagate Technology Holdings | New | 4.62% | +4.62 |
| UAL United Airlines Holdings Inc. | Add +54.0% | 9.76% | +4.49 |
| LPLA LPL Financial Holdings Inc. | New | 4.14% | +4.14 |
| TOL Toll Brothers Inc. | New | 4.12% | +4.12 |
| DAL Delta Air Lines Inc. | New | 2.26% | +2.26 |
| MGM MGM Resorts International | New | 2.17% | +2.17 |
| ARCH Arch Resources Inc. | New | 1.84% | +1.84 |
| CCJ Cameco Corp. | New | 1.70% | +1.70 |
| LAD Lithia Motors Inc. | New | 1.09% | +1.09 |
| GLNG Golar LNG Ltd. | Add +100.0% | 1.63% | +0.95 |
| FXI iShares China Large-Cap ETF | New | 0.71% | +0.71 |
| HES Hess Corp. | New | 0.60% | +0.60 |
| PR Permian Resources Corp. Class A | Add +24.1% | 5.44% | +0.37 |
| INTC Intel Corp. | New | 0.31% | +0.31 |
| TLN Talen Energy Corp. | New | 0.29% | +0.29 |
| GXO Gxo Logistics Inc. | New | 0.23% | +0.23 |
| BLCO Bausch + Lomb Corp. | New | 0.21% | +0.21 |
| RXO Rxo Inc. | New | 0.12% | +0.12 |
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 |