Condire Management, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Condire Management, LP reported 20 stock positions worth $909.9 million. Its top holding was Coeur Mining (CDE) at 17.8% of the portfolio, followed by I-80 Gold (IAUX, 13.0%) and Oceanagold (OGC, 9.6%). Compared with Q1 2026, it opened 2 new positions and reduced 6. The biggest buy was a new position in Oceanagold (OGC) and the biggest sale Valaris (VAL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001847739
- Portfolio Value
- $909.9M (Q2 2026)
- SEC Filing
- 0001847739-26-000003 ↗ filed Aug 14, 2026
Holdings Value
Holdings 20 stocks · $909.9M
| CDE Coeur Mining Inc. | 17.83% | 9,942,304 | $162.3M | No change |
| IAUX I-80 Gold Corp. | 12.99% | 82,103,559 | $118.2M | No change |
| OGC Oceanagold Corp. | 9.61% | 3,492,154 | $87.4M | New |
| VAL Valaris Ltd. | 8.51% | 1,067,010 | $77.5M | Reduce -7.9% |
| OSISKO DEVELOPMENT CORP | 6.77% | 25,050,980 | $61.6M | No change |
| CHRD Chord Energy Corp. | 6.24% | 496,575 | $56.8M | Reduce -10.8% |
| RYAM Rayonier Advanced Materials | 5.49% | 6,358,877 | $50.0M | No change |
| SDRL Seadrill Limited | 5.32% | 1,279,968 | $48.4M | No change |
| SBSW Sibanye-Stillwater Ltd.-ADR | 4.89% | 5,244,469 | $44.5M | No change |
| BTG B2GOLD Corp. | 4.76% | 11,571,607 | $43.3M | No change |
| EXK Endeavour Silver Corp. | 4.10% | 4,503,543 | $37.3M | No change |
| AAUC Allied Gold Corp. | 3.63% | 1,387,845 | $33.0M | New |
| TDW Tidewater Inc. | 2.09% | 285,900 | $19.0M | No change |
| CNR Core Natural Resources Inc. | 1.77% | 201,663 | $16.1M | No change |
| CVE Cenovus Energy Inc. | 1.64% | 600,000 | $14.9M | Reduce -45.5% |
| CDLR Cadeler A/S-ADR | 1.30% | 539,983 | $11.8M | Reduce -13.5% |
| ELE Elemental Royalty Corp. | 1.23% | 641,515 | $11.2M | Reduce -4.9% |
| NEXM Nexmetals Mining Corp. | 0.91% | 3,513,500 | $8.3M | No change |
| TEN Tsakos Energy Navigation Ltd. | 0.68% | 174,927 | $6.2M | Reduce -8.4% |
| MUX McEwen Inc. | 0.23% | 113,000 | $2.0M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $32.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IAUX.WS I-80 Gold Corp. -26 | *W EXP 11/16/202 | 41,602,399 | $32.4M | Add +0.1% |
Total filed on the 13F, all lines: $942.3M.
Portfolio Sells Q1 2026 → Q2 2026
| VAL Valaris Ltd. | Reduce -7.9% | 8.51% | −2.92 |
| CHRD Chord Energy Corp. | Reduce -10.8% | 6.24% | −1.73 |
| CVE Cenovus Energy Inc. | Reduce -45.5% | 1.64% | −1.30 |
| CDLR Cadeler A/S-ADR | Reduce -13.5% | 1.30% | −0.18 |
| TEN Tsakos Energy Navigation Ltd. | Reduce -8.4% | 0.68% | −0.08 |
| ELE Elemental Royalty Corp. | Reduce -4.9% | 1.23% | −0.05 |
Portfolio Buys Q1 2026 → Q2 2026
Notes & Other Activity Q1 2026 → Q2 2026
| IAUX.WS I-80 Gold Corp. -26 | *W EXP 11/16/202 | Add +0.1% | 41,602,399 | $32.4M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 20 | $909.9M | CDE, IAUX, OGC, VAL, OSISKO DEVELOPMENT CORP |
| Q1 2026 | 18 | $993.2M | CDE, IAUX, VAL, OSISKO DEVELOPMENT CORP, CHRD |
| Q4 2025 | 21 | $919.9M | NGD, IAUX, OSISKO DEVELOPMENT CORP, SBSW, VAL |
| Q3 2025 | 19 | $817.0M | NGD, SSRM, IAUX, OSISKO DEVELOPMENT CORP, VAL |
| Q2 2025 | 27 | $694.3M | NGD, HBM, CHRD, VAL, IAUX |
| Q1 2025 | 22 | $668.8M | NGD, VAL, SDRL, CHRD, HBM |
| Q4 2024 | 20 | $690.6M | SDRL, VAL, NGD, CHRD, RYAM |
| Q3 2024 | 17 | $795.5M | VAL, SDRL, NGD, XLE, CHRD |
| Q2 2024 | 16 | $740.4M | SDRL, VAL, CHRD, NGD, GATO |
| Q1 2024 | 19 | $740.5M | SDRL, VAL, CHRD, GATO, CVE |