Condire Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Condire Management, LP disclosed 22 US equity positions worth $958.0m in its Q4 2025 13F filing. The largest position was NGDN at 24.9% of the reported book, followed by IAUX and NPDEUR. Against the Q3 2025 filing, it opened 4 new positions, added to 5 and reduced 2 among the top 22 holdings.
What did Condire Management, LP own in Q4 2025? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NGDN NEW GOLD INC CDA | 24.9% | $239.0m | 27,437,020 | -9% | reduced | |
| 2 | IAUX I-80 GOLD CORP | 12.2% | $117.2m | 80,241,558 | 0% | held | |
| 3 | NPDEUR OSISKO DEVELOPMENT CORP | 8.4% | $80.7m | 23,112,036 | 5% | added | |
| 4 | SBSW SIBANYE STILLWATER LTD | Basic Materials | 7.8% | $74.7m | 5,244,469 | 6% | added |
| 5 | VALARIS LTD | 6.1% | $58.4m | 1,158,651 | 0% | held | |
| 6 | BTG B2GOLD CORP | Basic Materials | 5.3% | $50.8m | 11,265,300 | – | new |
| 7 | CHRD CHORD ENERGY CORPORATION | Energy | 4.9% | $46.9m | 505,536 | -5% | reduced |
| 8 | SEADRILL LTD | 4.6% | $44.3m | 1,279,968 | 0% | held | |
| 9 | EXK ENDEAVOUR SILVER CORP | Basic Materials | 4.4% | $42.3m | 4,503,543 | 50% | added |
| 10 | I-80 GOLD CORP | 4.0% | $38.0m | 41,339,999 | 1% | added | |
| 11 | RYAM RAYONIER ADVANCED MATLS INC | Basic Materials | 3.9% | $37.5m | 6,358,877 | 0% | held |
| 12 | CVE CENOVUS ENERGY INC | Energy | 1.9% | $18.6m | 1,100,000 | 0% | held |
| 13 | CNR CORE NATURAL RESOURCES INC | Energy | 1.9% | $17.8m | 201,663 | 0% | held |
| 14 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 1.7% | $16.1m | 95,186 | 0% | held |
| 15 | TDW TIDEWATER INC NEW | Energy | 1.5% | $14.4m | 285,900 | 0% | held |
| 16 | NEXMETALS MINING CORP. | 1.4% | $13.7m | 3,513,500 | – | new | |
| 17 | XME SPDR SERIES TRUST | 1.3% | $12.7m | 122,451 | 2904% | added | |
| 18 | ELE ELEMENTAL RTY CORP | 1.2% | $11.6m | 686,246 | – | new | |
| 19 | CDLR CADELER A S | 1.2% | $11.6m | 624,400 | 0% | held | |
| 20 | XOP SPDR SERIES TRUST | 0.5% | $5.2m | 41,028 | – | new | |
| 21 | TSAKOS ENERGY NAVIGATION LTD | 0.4% | $4.3m | 190,977 | 0% | held | |
| 22 | MUX MCEWEN INC. | 0.2% | $2.1m | 113,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.