Q2 2025 · 13F-HR
Condire Management, LPholdings as filed
Filed 2025-08-14 · accession 0001085146-25-005244
$694.3M
Reported value
27
Positions
2025-06-30
Period end
The Brief · Condire Management, LP · Q2 2025
AI · grounded in 13F
Condire Management, LP established a new position in New Gold Inc CDA NGDN valued at $162.1M. The fund also initiated new stakes in Hudbay Minerals Inc HBM for $77.2M and Chord Energy Corporation CHRD for $51.5M. Additional new positions include Valaris Ltd VAL at $48.8M and I-80 Gold Corp IAUX at $47.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 644535106 | NGDN | NEW GOLD INC CDA | $162.1M | 23.3% | 32,739,918 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $77.2M | 11.1% | 7,275,553 | Common | SOLE |
| 674215207 | CHRD | CHORD ENERGY CORPORATION | $51.5M | 7.41% | 531,291 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $48.8M | 7.03% | 1,158,651 | Common | SOLE |
| 44955L106 | IAUX | I-80 GOLD CORP | $47.9M | 6.89% | 80,000,000 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $46.1M | 6.64% | 6,386,739 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $33.6M | 4.84% | 1,279,968 | Common | SOLE |
| 68828E809 | ODV | OSISKO DEVELOPMENT CORP | $26.9M | 3.87% | 12,551,934 | Common | SOLE |
| 784730103 | SSRM | SSR MINING IN | $26.2M | 3.77% | 2,053,891 | Common | SOLE |
| 75508B104 | RYAM | RAYONIER ADVANCED MATLS INC | $24.5M | 3.52% | 6,356,130 | Common | SOLE |
| 81369Y100 | XLB | SELECT SECTOR SPDR TR | $20.0M | 2.88% | 227,517 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $15.0M | 2.15% | 1,100,000 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $14.1M | 2.03% | 201,663 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $13.2M | 1.90% | 285,900 | Common | SOLE |
| 12738K109 | CDLR | CADELER A S | $12.4M | 1.79% | 624,400 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $11.3M | 1.63% | 95,186 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $10.8M | 1.56% | 890,459 | Common | SOLE |
| 78464A755 | XME | SPDR SERIES TRUST | $10.2M | 1.47% | 152,085 | Common | SOLE |
| 516806205 | 8LP1 | VITAL ENERGY INC | $8.5M | 1.23% | 530,981 | Common | SOLE |
| Y41053102 | INSW | INTERNATIONAL SEAWAYS INC | $7.1M | 1.02% | 194,763 | Common | SOLE |
| 422704106 | HL | HECLA MNG CO | $6.0M | 0.86% | 1,000,000 | Common | SOLE |
| 17888H103 | CIVI | CIVITAS RESOURCES INC | $5.5M | 0.79% | 200,000 | Common | SOLE |
| 29258Y103 | EXK | ENDEAVOUR SILVER CORP | $4.9M | 0.71% | 1,000,000 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $4.4M | 0.64% | 500,000 | Common | SOLE |
| G9108L173 | TEN | TSAKOS ENERGY NAVIGATION LTD | $3.7M | 0.53% | 190,977 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $1.5M | 0.22% | 18,030 | Common | SOLE |
| 58039P305 | MUX | MCEWEN INC. | $1.1M | 0.16% | 113,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.