Condire Management, LP Diversified Active

Location: Dallas, TX

CIK: 0001847739 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $669M (100.0% shares, 0.0% debt)

Holdings (22)

NGD NEW GOLD INC CDA 18.2%

Value $121M Shares 32,739,918 Share Price $3.71 * Est. Cost/Share $1.90 Unrealized @ Report Date +55.9%

VAL VALARIS LTD 16.8%

Value $112M Shares 2,864,986 Share Price $39.26 * Est. Cost/Share $50.76 Unrealized @ Report Date -15.6%

SDRL SEADRILL LTD 11.5%

Value $76.77M Shares 3,070,703 Share Price $25.00 * Est. Cost/Share $37.43 Unrealized @ Report Date -17.3%

CHRD CHORD ENERGY CORPORATION 9.0%

Value $59.89M Shares 531,291 Share Price $112.72 * Est. Cost/Share $75.73 Unrealized @ Report Date +42.7%

HBM HUDBAY MINERALS INC 7.1%

Value $47.63M Shares 6,275,553 Share Price $7.59 * Est. Cost/Share $6.17 Unrealized @ Report Date +32.1%

RYAM RAYONIER ADVANCED MATLS INC 5.5%

Value $36.55M Shares 6,356,130 Share Price $5.75 * Est. Cost/Share $6.44 Unrealized @ Report Date +9.1%

CVE CENOVUS ENERGY INC 4.4%

Value $29.33M Shares 2,108,306 Share Price $13.91 Est. Cost/Share $16.19 Unrealized @ Report Date -12.6%

NEM NEWMONT CORP 4.3%

Value $28.97M Shares 600,000 Share Price $48.28 * Est. Cost/Share $43.26 Unrealized @ Report Date 0.0%

AEM AGNICO EAGLE MINES LTD 2.9%

Value $19.19M Shares 177,022 Share Price $108.41 * Est. Cost/Share $47.56 Unrealized @ Report Date +98.9%

ODV OSISKO DEVELOPMENT CORP 2.8%

Value $18.7M Shares 12,551,934 Share Price $1.49 Est. Cost/Share $1.48 Unrealized @ Report Date -0.0%

SBSW SIBANYE STILLWATER LTD 2.6%

Value $17.36M Shares 3,790,555 Share Price $4.58 Est. Cost/Share $16.87 Unrealized @ Report Date —

CNR CORE NATURAL RESOURCES INC 2.3%

Value $15.55M Shares 201,663 Share Price $77.10 * Est. Cost/Share $84.05 Unrealized @ Report Date 0.0%

CDLR CADELER A S 1.8%

Value $12.28M Shares 624,400 Share Price $19.66 Est. Cost/Share $18.40 Unrealized @ Report Date —

TDW TIDEWATER INC NEW 1.8%

Value $12.08M Shares 285,900 Share Price $42.27 * Est. Cost/Share $64.75 Unrealized @ Report Date -23.2%

XOP SPDR SER TR 1.7%

Value $11.58M Shares 87,889 Share Price $131.71 Est. Cost/Share $140.52 Unrealized @ Report Date —

— VITAL ENERGY INC 1.7%

Value $11.27M Shares 530,981 Share Price $21.22 Est. Cost/Share $30.92 Unrealized @ Report Date —

CIVI CIVITAS RESOURCES INC 1.5%

Value $10.11M Shares 289,764 Share Price $34.89 * Est. Cost/Share $46.35 Unrealized @ Report Date -10.1%

PPTA PERPETUA RESOURCES CORP 1.4%

Value $9.519M Shares 890,459 Share Price $10.69 Est. Cost/Share $7.61 Unrealized @ Report Date +41.2%

XLE SELECT SECTOR SPDR TR 1.1%

Value $7.476M Shares 80,000 Share Price $93.45 Est. Cost/Share $88.44 Unrealized @ Report Date —

INSW INTERNATIONAL SEAWAYS INC 1.0%

Value $6.466M Shares 194,763 Share Price $33.20 * Est. Cost/Share $34.25 Unrealized @ Report Date 0.0%

TEN TSAKOS ENERGY NAVIGATION LTD 0.5%

Value $3.258M Shares 190,977 Share Price $17.06 * Est. Cost/Share $17.42 Unrealized @ Report Date 0.0%

MUX MCEWEN MNG INC 0.1%

Value $853K Shares 113,000 Share Price $7.55 * Est. Cost/Share $9.23 Unrealized @ Report Date -15.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NGD	NEW GOLD INC CDA	32,739,918	$121M	18.2%	$3.71 *	$1.90	+55.9%	COM	644535106
VAL	VALARIS LTD	2,864,986	$112M	16.8%	$39.26 *	$50.76	-15.6%	CL A	G9460G101
SDRL	SEADRILL LTD	3,070,703	$76.77M	11.5%	$25.00 *	$37.43	-17.3%	COM	G7997W102
CHRD	CHORD ENERGY CORPORATION	531,291	$59.89M	9.0%	$112.72 *	$75.73	+42.7%	COM NEW	674215207
HBM	HUDBAY MINERALS INC	6,275,553	$47.63M	7.1%	$7.59 *	$6.17	+32.1%	COM	443628102
RYAM	RAYONIER ADVANCED MATLS INC	6,356,130	$36.55M	5.5%	$5.75 *	$6.44	+9.1%	COM	75508B104
CVE	CENOVUS ENERGY INC	2,108,306	$29.33M	4.4%	$13.91	$16.19	-12.6%	COM	15135U109
NEM	NEWMONT CORP	600,000	$28.97M	4.3%	$48.28 *	$43.26	0.0%	COM	651639106
AEM	AGNICO EAGLE MINES LTD	177,022	$19.19M	2.9%	$108.41 *	$47.56	+98.9%	COM	008474108
ODV	OSISKO DEVELOPMENT CORP	12,551,934	$18.7M	2.8%	$1.49	$1.48	-0.0%	COM NEW	68828E809
SBSW	SIBANYE STILLWATER LTD	3,790,555	$17.36M	2.6%	$4.58	$16.87	—	SPONSORED ADR	82575P107
CNR	CORE NATURAL RESOURCES INC	201,663	$15.55M	2.3%	$77.10 *	$84.05	0.0%	COM SHS	218937100
CDLR	CADELER A S	624,400	$12.28M	1.8%	$19.66	$18.40	—	SPON ADR	12738K109
TDW	TIDEWATER INC NEW	285,900	$12.08M	1.8%	$42.27 *	$64.75	-23.2%	COM	88642R109
XOP	SPDR SER TR	87,889	$11.58M	1.7%	$131.71	$140.52	—	S&P OILGAS EXP	78468R556
—	VITAL ENERGY INC	530,981	$11.27M	1.7%	$21.22	$30.92	—	COM	516806205
CIVI	CIVITAS RESOURCES INC	289,764	$10.11M	1.5%	$34.89 *	$46.35	-10.1%	COM NEW	17888H103
PPTA	PERPETUA RESOURCES CORP	890,459	$9.519M	1.4%	$10.69	$7.61	+41.2%	COM	714266103
XLE	SELECT SECTOR SPDR TR	80,000	$7.476M	1.1%	$93.45	$88.44	—	ENERGY	81369Y506
INSW	INTERNATIONAL SEAWAYS INC	194,763	$6.466M	1.0%	$33.20 *	$34.25	0.0%	COM	Y41053102
TEN	TSAKOS ENERGY NAVIGATION LTD	190,977	$3.258M	0.5%	$17.06 *	$17.42	0.0%	SHS	G9108L173
MUX	MCEWEN MNG INC	113,000	$853K	0.1%	$7.55 *	$9.23	-15.6%	COM NEW	58039P305