Condire Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Condire Management, LP reported 17 stock positions worth $795.5 million. Its top holding was Valaris (VAL) at 13.7% of the portfolio, followed by Seadrill (SDRL, 12.8%) and New Gold (NGD, 12.6%). Compared with Q2 2024, it opened 2 new positions, sold out of 1, added to 4 and reduced 1. The biggest buy was SS Energy Select Sector (XLE, shares +204%) and the biggest sale Gatos Silver (GATO, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001847739
- Portfolio Value
- $795.5M (Q3 2024)
- SEC Filing
- 0001085146-24-005965 ↗ filed Nov 14, 2024
Holdings Value
Holdings 17 stocks · $795.5M
| VAL Valaris Ltd. | 13.69% | 1,952,960 | $108.9M | Add +36.7% |
| SDRL Seadrill Limited | 12.85% | 2,571,992 | $102.2M | Add +11.6% |
| NGD New Gold Inc. | 12.63% | 34,883,000 | $100.5M | No change |
| XLE SS Energy Select Sector | 11.06% | 1,001,911 | $88.0M | Add +204.3% |
| CHRD Chord Energy Corp. | 8.97% | 547,721 | $71.3M | No change |
| RYAM Rayonier Advanced Materials | 6.84% | 6,356,130 | $54.4M | No change |
| HBM Hudbay Minerals Inc. | 5.86% | 5,075,553 | $46.6M | No change |
| AEM Agnico Eagle Mines Ltd. | 5.53% | 546,405 | $44.0M | No change |
| GATO Gatos Silver Inc. | 4.68% | 2,471,153 | $37.3M | Reduce -53.9% |
| CVE Cenovus Energy Inc. | 4.65% | 2,209,786 | $37.0M | No change |
| ARCH Arch Resources Inc. | 3.07% | 176,591 | $24.4M | No change |
| TDW Tidewater Inc. | 2.58% | 285,900 | $20.5M | No change |
| XOP SS SPDR S&P Og Exp & Prod | 2.31% | 140,000 | $18.4M | Add +55.6% |
| CDLR Cadeler A/S-ADR | 2.21% | 624,400 | $17.6M | No change |
| SBSW Sibanye-Stillwater Ltd.-ADR | 1.96% | 3,790,555 | $15.6M | No change |
| PPTA Perpetua Resources Corp. | 0.98% | 833,060 | $7.8M | New |
| MUX McEwen Inc. | 0.13% | 112,999 | $1.1M | New |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 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 |