Condire Management, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Condire Management, LP reported 19 stock positions worth $740.5 million. Its top holding was Seadrill (SDRL) at 15.7% of the portfolio, followed by Valaris (VAL, 14.8%) and Chord Energy (CHRD, 13.2%). Compared with Q4 2023, it opened 3 new positions, sold out of 2, added to 6 and reduced 1. The biggest buy was a new position in Cenovus Energy (CVE) and the biggest sale an exit from Southwestern Energy (SWN).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001847739
- Portfolio Value
- $740.5M (Q1 2024)
- SEC Filing
- 0001085146-24-002647 ↗ filed May 15, 2024
Holdings Value
Holdings 19 stocks · $740.5M
| SDRL Seadrill Limited | 15.65% | 2,304,419 | $115.9M | Add +18.6% |
| VAL Valaris Ltd. | 14.76% | 1,452,097 | $109.3M | Add +14.7% |
| CHRD Chord Energy Corp. | 13.18% | 547,721 | $97.6M | No change |
| GATO Gatos Silver Inc. | 6.51% | 5,750,000 | $48.2M | No change |
| CVE Cenovus Energy Inc. | 6.40% | 2,369,786 | $47.4M | New |
| HMY Harmony Gold MNG-Spon ADR | 5.63% | 5,100,000 | $41.7M | No change |
| CGAU Centerra Gold Inc. | 4.94% | 6,196,421 | $36.6M | Reduce -33.6% |
| ARCH Arch Resources Inc. | 4.49% | 206,591 | $33.2M | No change |
| AEM Agnico Eagle Mines Ltd. | 4.28% | 531,405 | $31.7M | No change |
| RYAM Rayonier Advanced Materials | 4.10% | 6,356,130 | $30.4M | No change |
| HBM Hudbay Minerals Inc. | 4.00% | 4,226,553 | $29.6M | Add +4.2% |
| XLE SS Energy Select Sector | 3.76% | 295,000 | $27.9M | Add +118.5% |
| TDW Tidewater Inc. | 3.55% | 285,900 | $26.3M | No change |
| XOP SS SPDR S&P Og Exp & Prod | 2.55% | 121,684 | $18.9M | Add +102.8% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 2.41% | 3,790,555 | $17.9M | No change |
| OIH Vaneck Oil Services ETF | 2.04% | 45,000 | $15.1M | Add +28.6% |
| CDLR Cadeler A/S-ADR | 1.53% | 624,400 | $11.3M | No change |
| NE Noble Corp. PLC | 0.14% | 20,743 | $1.0M | New |
| HL Hecla Mining Co. | 0.08% | 128,520 | $618K | New |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| CVE Cenovus Energy Inc. | New | 6.40% | +6.40 |
| XLE SS Energy Select Sector | Add +118.5% | 3.76% | +2.02 |
| SDRL Seadrill Limited | Add +18.6% | 15.65% | +1.57 |
| VAL Valaris Ltd. | Add +14.7% | 14.76% | +1.44 |
| XOP SS SPDR S&P Og Exp & Prod | Add +102.8% | 2.55% | +1.29 |
| HBM Hudbay Minerals Inc. | Add +4.2% | 4.00% | +0.56 |
| OIH Vaneck Oil Services ETF | Add +28.6% | 2.04% | +0.38 |
| NE Noble Corp. PLC | New | 0.14% | +0.14 |
| HL Hecla Mining Co. | New | 0.08% | +0.08 |
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 |