Cobalt Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Cobalt Capital Management, Inc. reported 27 stock positions worth $240.7 million. Its top holding was SPDR Gold Shares (GLD) at 15.1% of the portfolio, followed by United Airlines (UAL, 14.1%) and Vistra (VST, 11.5%). Compared with Q3 2024, it opened 14 new positions, sold out of 13, added to 6 and reduced 7. The biggest buy was a new position in Citigroup (C) and the biggest sale Vistra (VST, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- SHORT HILLS, NJ
- CIK
- 0001086762
- Portfolio Value
- $240.7M (Q4 2024)
- SEC Filing
- 0000919574-25-001207 ↗ filed Feb 14, 2025
Holdings Value
Holdings 27 stocks · $240.7M
| GLD SPDR Gold Shares | 15.09% | 150,000 | $36.3M | Reduce -14.3% |
| UAL United Airlines Holdings Inc. | 14.12% | 350,000 | $34.0M | Reduce -9.1% |
| VST Vistra Corp. | 11.45% | 200,000 | $27.6M | Reduce -45.2% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 11.38% | 568,308 | $27.4M | Reduce -5.3% |
| C Citigroup Inc. | 5.35% | 183,000 | $12.9M | New |
| TOL Toll Brothers Inc. | 4.71% | 90,000 | $11.3M | Add +50.0% |
| AER Aercap Holdings NV | 4.57% | 115,000 | $11.0M | New |
| HES Hess Corp. | 4.42% | 80,000 | $10.6M | Add +700.0% |
| AR Antero Resources Corp. | 4.00% | 275,000 | $9.6M | New |
| DVN Devon Energy Corp. | 3.69% | 271,264 | $8.9M | Add +1256.3% |
| APTV Aptiv PLC | 2.89% | 115,000 | $7.0M | New |
| ELV Elevance Health Inc. | 2.30% | 15,000 | $5.5M | New |
| BTU Peabody Energy Corp. | 2.17% | 250,000 | $5.2M | New |
| HP Helmerich & Payne | 1.86% | 140,000 | $4.5M | New |
| MPC Marathon Petroleum Corp. | 1.74% | 30,000 | $4.2M | New |
| LPLA LPL Financial Holdings Inc. | 1.63% | 12,000 | $3.9M | Reduce -70.0% |
| FXI iShares China Large-Cap ETF | 1.58% | 125,000 | $3.8M | Add +150.0% |
| GLNG Golar LNG Ltd. | 1.49% | 85,000 | $3.6M | Reduce -15.0% |
| VET Vermilion Energy Inc. | 1.27% | 325,000 | $3.1M | Add +97.0% |
| STX Seagate Technology Holdings | 1.08% | 30,000 | $2.6M | Reduce -68.4% |
| GXO Gxo Logistics Inc. | 0.81% | 45,000 | $2.0M | Add +350.0% |
| AMC AMC Entertainment HLDS Class A | 0.74% | 450,000 | $1.8M | New |
| FANG Diamondback Energy Inc. | 0.68% | 10,000 | $1.6M | New |
| CZR Caesars Entertainment Inc. | 0.49% | 35,000 | $1.2M | New |
| ALK Alaska Air Group Inc. | 0.27% | 10,000 | $648K | New |
| UBER Uber Technologies Inc. | 0.13% | 5,000 | $302K | New |
| TEVA Teva Pharmaceutical-SP ADR | 0.09% | 10,000 | $220K | New |
Portfolio Sells Q3 2024 → Q4 2024
| VST Vistra Corp. | Reduce -45.2% | 11.45% | −7.78 |
| EQT Eqt Corp. | Sold out | 0.00% | −5.70 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −5.44 |
| GLD SPDR Gold Shares | Reduce -14.3% | 15.09% | −3.82 |
| STX Seagate Technology Holdings | Reduce -68.4% | 1.08% | −3.55 |
| LPLA LPL Financial Holdings Inc. | Reduce -70.0% | 1.63% | −2.51 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −2.26 |
| MGM MGM Resorts International | Sold out | 0.00% | −2.17 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −1.84 |
| CCJ Cameco Corp. | Sold out | 0.00% | −1.70 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.16 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −1.09 |
| AL Sumisho Air Lease Corp. | Reduce -5.3% | 11.38% | −0.70 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.61 |
| INTC Intel Corp. | Sold out | 0.00% | −0.31 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.29 |
| BLCO Bausch + Lomb Corp. | Sold out | 0.00% | −0.21 |
| GLNG Golar LNG Ltd. | Reduce -15.0% | 1.49% | −0.14 |
| RXO Rxo Inc. | Sold out | 0.00% | −0.12 |
| UAL United Airlines Holdings Inc. | Reduce -9.1% | 14.12% | +4.35 |
Portfolio Buys Q3 2024 → Q4 2024
| C Citigroup Inc. | New | 5.35% | +5.35 |
| AER Aercap Holdings NV | New | 4.57% | +4.57 |
| AR Antero Resources Corp. | New | 4.00% | +4.00 |
| HES Hess Corp. | Add +700.0% | 4.42% | +3.82 |
| DVN Devon Energy Corp. | Add +1256.3% | 3.69% | +3.34 |
| APTV Aptiv PLC | New | 2.89% | +2.89 |
| ELV Elevance Health Inc. | New | 2.30% | +2.30 |
| BTU Peabody Energy Corp. | New | 2.17% | +2.17 |
| HP Helmerich & Payne | New | 1.86% | +1.86 |
| MPC Marathon Petroleum Corp. | New | 1.74% | +1.74 |
| FXI iShares China Large-Cap ETF | Add +150.0% | 1.58% | +0.87 |
| AMC AMC Entertainment HLDS Class A | New | 0.74% | +0.74 |
| FANG Diamondback Energy Inc. | New | 0.68% | +0.68 |
| TOL Toll Brothers Inc. | Add +50.0% | 4.71% | +0.59 |
| GXO Gxo Logistics Inc. | Add +350.0% | 0.81% | +0.58 |
| VET Vermilion Energy Inc. | Add +97.0% | 1.27% | +0.55 |
| CZR Caesars Entertainment Inc. | New | 0.49% | +0.49 |
| ALK Alaska Air Group Inc. | New | 0.27% | +0.27 |
| UBER Uber Technologies Inc. | New | 0.13% | +0.13 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.09% | +0.09 |
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 |