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Asset Manager ← All Institutions

Condire Management, LP

Q2 2025 · Filed 2025-08-14
Market Value
$661M
+11.6%
Holdings
28
+6
New Purchases
7
Added To
2
Closed
2
Reduced
5
Top 10 Concentration
80.4%
Turnover
32.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IAUX 7.25% 0.00% +7.25% $48M
SBSW 6.98% 2.93% +4.05% $46M
NGD 24.53% 20.52% +4.01% $162M
SSRM 3.96% 0.00% +3.96% $26M
HBM 11.68% 8.05% +3.64% $77M
XLB 3.02% 0.00% +3.02% $20M
XME 1.55% 0.00% +1.55% $10M
HL 0.91% 0.00% +0.91% $6M
ODV 4.07% 3.16% +0.91% $27M
EXK 0.74% 0.00% +0.74% $5M
CDE 0.67% 0.00% +0.67% $4M
PPTA 1.64% 1.61% +0.03% $11M
MUX 0.16% 0.14% +0.02% $1M
TNP 0.55% 0.55% +0.00% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VAL 7.38% 19.00% -11.62% $49M
NEM 0.00% 4.89% -4.89% $0
CVE 2.26% 4.95% -2.69% $15M
RYAM 3.70% 6.17% -2.47% $24M
CHRD 7.79% 10.12% -2.33% $51M
XOP 0.00% 1.96% -1.96% $0
AEM 1.71% 3.24% -1.53% $11M
XLE 0.23% 1.26% -1.03% $2M
CIVI 0.83% 1.71% -0.87% $6M
VTLE 1.29% 1.90% -0.61% $9M
CNR 2.13% 2.63% -0.50% $14M
CDLR 1.88% 2.07% -0.20% $12M
TDW 2.00% 2.04% -0.05% $13M
INSW 1.08% 1.09% -0.02% $7M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 6 $38M 5.8%
Mid Cap 16 $510M 77.2%
Small Cap 6 $112M 17.0%

Portfolio Analytics

Avg Market Cap
$14.7B
Median Market Cap
$4.6B
Avg P/E
14.3
Median P/E
13.8
Avg Dividend Yield
0.01%
Avg Beta
0.96
# Stocks
24
# ETFs / Funds
4

Top Holdings (28 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NGD 24.53% 32,739,918 $162M $4.95 $41M
2 HBM 11.68% 7,275,553 $77M $10.61 $30M +1,000,000 +15.9%
3 CHRD 7.79% 531,291 $51M $96.85 -$8M
4 VAL 7.38% 1,158,651 $49M $42.11 -$64M -1,706,335 -59.6%
5 IAUX 7.25% 80,000,000 $48M $0.60 +80,000,000 NEW
6 SBSW 6.98% 6,386,739 $46M $7.22 $29M +2,596,184 +68.5%
7 ODV 4.07% 12,551,934 $27M $2.14 $8M
8 SSRM 3.96% 2,053,891 $26M $12.74 +2,053,891 NEW
9 RYAM 3.70% 6,356,130 $24M $3.85 -$12M
10 XLB 3.02% 227,517 $20M $87.81 +227,517 NEW
11 CVE 2.26% 1,100,000 $15M $13.60 -$14M -1,008,306 -47.8%
12 CNR 2.13% 201,663 $14M $69.74 -$1M
13 TDW 2.00% 285,900 $13M $46.13 $1M
14 CDLR 1.88% 624,400 $12M $19.87 $131K
15 AEM 1.71% 95,186 $11M $118.93 -$8M -81,836 -46.2%
16 PPTA 1.64% 890,459 $11M $12.14 $1M
17 XME 1.55% 152,085 $10M $67.22 +152,085 NEW
18 VTLE 1.29% 530,981 $9M $16.09 -$3M
19 INSW 1.08% 194,763 $7M $36.48 $639K
20 HL 0.91% 1,000,000 $6M $5.99 +1,000,000 NEW
21 CIVI 0.83% 200,000 $6M $27.52 -$5M -89,764 -31.0%
22 EXK 0.74% 1,000,000 $5M $4.92 +1,000,000 NEW
23 CDE 0.67% 500,000 $4M $8.86 +500,000 NEW
24 TNP 0.55% 190,977 $4M $19.19 $407K
25 XLE 0.23% 18,030 $2M $84.81 -$6M -61,970 -77.5%
26 MUX 0.16% 113,000 $1M $9.61 $233K
27 NEM —% -$29M -600,000 -100.0% SOLD
28 XOP —% -$12M -87,889 -100.0% SOLD

New Positions

SymbolValue% Port
IAUX $48M 7.25%
SSRM $26M 3.96%
XLB $20M 3.02%
XME $10M 1.55%
HL $6M 0.91%
EXK $5M 0.74%
CDE $4M 0.67%

Sold Out Positions

SymbolValue% Port
NEM —%
XOP —%
View SEC EDGAR Filings for Condire Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms