Condire Management, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Condire Management, LP reported 16 stock positions worth $740.4 million. Its top holding was Seadrill (SDRL) at 16.0% of the portfolio, followed by Valaris (VAL, 14.4%) and Chord Energy (CHRD, 12.4%). Compared with Q1 2024, it opened 1 new position, sold out of 4, added to 3 and reduced 6. The biggest buy was a new position in New Gold (NGD) and the biggest sale an exit from Centerra Gold (CGAU).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001847739
- Portfolio Value
- $740.4M (Q2 2024)
- SEC Filing
- 0001085146-24-004003 ↗ filed Aug 14, 2024
Holdings Value
Holdings 16 stocks · $740.4M
| SDRL Seadrill Limited | 15.96% | 2,304,419 | $118.2M | No change |
| VAL Valaris Ltd. | 14.38% | 1,429,097 | $106.5M | Reduce -1.6% |
| CHRD Chord Energy Corp. | 12.40% | 547,721 | $91.8M | No change |
| NGD New Gold Inc. | 9.19% | 34,883,000 | $68.0M | New |
| GATO Gatos Silver Inc. | 7.55% | 5,356,292 | $55.9M | Reduce -6.8% |
| HBM Hudbay Minerals Inc. | 6.20% | 5,075,553 | $45.9M | Add +20.1% |
| CVE Cenovus Energy Inc. | 5.87% | 2,209,786 | $43.4M | Reduce -6.8% |
| AEM Agnico Eagle Mines Ltd. | 4.83% | 546,405 | $35.7M | Add +2.8% |
| RYAM Rayonier Advanced Materials | 4.67% | 6,356,130 | $34.6M | No change |
| XLE SS Energy Select Sector | 4.05% | 329,306 | $30.0M | Add +11.6% |
| TDW Tidewater Inc. | 3.68% | 285,900 | $27.2M | No change |
| ARCH Arch Resources Inc. | 3.63% | 176,591 | $26.9M | Reduce -14.5% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 2.23% | 3,790,555 | $16.5M | No change |
| CDLR Cadeler A/S-ADR | 2.11% | 624,400 | $15.6M | No change |
| XOP SS SPDR S&P Og Exp & Prod | 1.77% | 90,000 | $13.1M | Reduce -26.0% |
| HMY Harmony Gold MNG-Spon ADR | 1.48% | 1,196,675 | $11.0M | Reduce -76.5% |
Portfolio Sells Q1 2024 → Q2 2024
| CGAU Centerra Gold Inc. | Sold out | 0.00% | −4.94 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -76.5% | 1.48% | −4.14 |
| OIH Vaneck Oil Services ETF | Sold out | 0.00% | −2.04 |
| ARCH Arch Resources Inc. | Reduce -14.5% | 3.63% | −0.85 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -26.0% | 1.77% | −0.78 |
| CVE Cenovus Energy Inc. | Reduce -6.8% | 5.87% | −0.53 |
| VAL Valaris Ltd. | Reduce -1.6% | 14.38% | −0.38 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.14 |
| HL Hecla Mining Co. | Sold out | 0.00% | −0.08 |
| GATO Gatos Silver Inc. | Reduce -6.8% | 7.55% | +1.04 |
Portfolio Buys Q1 2024 → Q2 2024
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 |