Condire Management, LP Diversified Active

Location: Dallas, TX

CIK: 0001847739 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $694M (100.0% shares, 0.0% debt)

Holdings (27)

NGD NEW GOLD INC CDA 23.3%

Value $162M Shares 32,739,918 Share Price $4.95 * Est. Cost/Share $1.90 Unrealized @ Report Date +116.1%

HBM HUDBAY MINERALS INC 11.1%

Value $77.19M Shares 7,275,553 Share Price $10.61 * Est. Cost/Share $6.46 Unrealized @ Report Date +28.9%

CHRD CHORD ENERGY CORPORATION 7.4%

Value $51.46M Shares 531,291 Share Price $96.85 * Est. Cost/Share $75.73 Unrealized @ Report Date +21.4%

VAL VALARIS LTD 7.0%

Value $48.79M Shares 1,158,651 Share Price $42.11 * Est. Cost/Share $50.76 Unrealized @ Report Date -25.9%

IAUX I-80 GOLD CORP 6.9%

Value $47.87M Shares 80,000,000 Share Price $0.60 Est. Cost/Share $0.59 Unrealized @ Report Date 0.0%

SBSW SIBANYE STILLWATER LTD 6.6%

Value $46.11M Shares 6,386,739 Share Price $7.22 Est. Cost/Share $12.94 Unrealized @ Report Date —

SDRL SEADRILL LTD 4.8%

Value $33.6M Shares 1,279,968 Share Price $26.25 * Est. Cost/Share $37.43 Unrealized @ Report Date -37.0%

ODV OSISKO DEVELOPMENT CORP 3.9%

Value $26.86M Shares 12,551,934 Share Price $2.14 * Est. Cost/Share $1.48 Unrealized @ Report Date +25.2%

SSRM SSR MINING IN 3.8%

Value $26.17M Shares 2,053,891 Share Price $12.74 * Est. Cost/Share $11.28 Unrealized @ Report Date 0.0%

RYAM RAYONIER ADVANCED MATLS INC 3.5%

Value $24.47M Shares 6,356,130 Share Price $3.85 * Est. Cost/Share $6.44 Unrealized @ Report Date -34.8%

XLB SELECT SECTOR SPDR TR 2.9%

Value $19.98M Shares 227,517 Share Price $87.81 Est. Cost/Share $87.81 Unrealized @ Report Date —

CVE CENOVUS ENERGY INC 2.2%

Value $14.96M Shares 1,100,000 Share Price $13.60 * Est. Cost/Share $16.19 Unrealized @ Report Date -20.5%

CNR CORE NATURAL RESOURCES INC 2.0%

Value $14.06M Shares 201,663 Share Price $69.74 Est. Cost/Share $84.05 Unrealized @ Report Date -15.7%

TDW TIDEWATER INC NEW 1.9%

Value $13.19M Shares 285,900 Share Price $46.13 * Est. Cost/Share $64.75 Unrealized @ Report Date -37.4%

CDLR CADELER A S 1.8%

Value $12.41M Shares 624,400 Share Price $19.87 Est. Cost/Share $18.40 Unrealized @ Report Date —

AEM AGNICO EAGLE MINES LTD 1.6%

Value $11.32M Shares 95,186 Share Price $118.93 * Est. Cost/Share $47.56 Unrealized @ Report Date +142.3%

PPTA PERPETUA RESOURCES CORP 1.6%

Value $10.81M Shares 890,459 Share Price $12.14 * Est. Cost/Share $7.61 Unrealized @ Report Date +77.1%

XME SPDR SERIES TRUST 1.5%

Value $10.22M Shares 152,085 Share Price $67.22 Est. Cost/Share $67.22 Unrealized @ Report Date —

— VITAL ENERGY INC 1.2%

Value $8.543M Shares 530,981 Share Price $16.09 Est. Cost/Share $30.92 Unrealized @ Report Date —

INSW INTERNATIONAL SEAWAYS INC 1.0%

Value $7.105M Shares 194,763 Share Price $36.48 * Est. Cost/Share $34.25 Unrealized @ Report Date +0.0%

HL HECLA MNG CO 0.9%

Value $5.99M Shares 1,000,000 Share Price $5.99 * Est. Cost/Share $5.51 Unrealized @ Report Date 0.0%

CIVI CIVITAS RESOURCES INC 0.8%

Value $5.504M Shares 200,000 Share Price $27.52 Est. Cost/Share $46.35 Unrealized @ Report Date -40.3%

EXK ENDEAVOUR SILVER CORP 0.7%

Value $4.92M Shares 1,000,000 Share Price $4.92 * Est. Cost/Share $3.94 Unrealized @ Report Date 0.0%

CDE COEUR MNG INC 0.6%

Value $4.43M Shares 500,000 Share Price $8.86 * Est. Cost/Share $7.28 Unrealized @ Report Date 0.0%

TEN TSAKOS ENERGY NAVIGATION LTD 0.5%

Value $3.665M Shares 190,977 Share Price $19.19 * Est. Cost/Share $17.42 Unrealized @ Report Date +0.6%

XLE SELECT SECTOR SPDR TR 0.2%

Value $1.529M Shares 18,030 Share Price $84.81 Est. Cost/Share $88.44 Unrealized @ Report Date —

MUX MCEWEN INC. 0.2%

Value $1.086M Shares 113,000 Share Price $9.61 * Est. Cost/Share $9.23 Unrealized @ Report Date -11.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NGD	NEW GOLD INC CDA	32,739,918	$162M	23.3%	$4.95 *	$1.90	+116.1%	COM	644535106
HBM	HUDBAY MINERALS INC	7,275,553	$77.19M	11.1%	$10.61 *	$6.46	+28.9%	COM	443628102
CHRD	CHORD ENERGY CORPORATION	531,291	$51.46M	7.4%	$96.85 *	$75.73	+21.4%	COM NEW	674215207
VAL	VALARIS LTD	1,158,651	$48.79M	7.0%	$42.11 *	$50.76	-25.9%	CL A	G9460G101
IAUX	I-80 GOLD CORP	80,000,000	$47.87M	6.9%	$0.60	$0.59	0.0%	COM	44955L106
SBSW	SIBANYE STILLWATER LTD	6,386,739	$46.11M	6.6%	$7.22	$12.94	—	SPONSORED ADR	82575P107
SDRL	SEADRILL LTD	1,279,968	$33.6M	4.8%	$26.25 *	$37.43	-37.0%	COM	G7997W102
ODV	OSISKO DEVELOPMENT CORP	12,551,934	$26.86M	3.9%	$2.14 *	$1.48	+25.2%	COM NEW	68828E809
SSRM	SSR MINING IN	2,053,891	$26.17M	3.8%	$12.74 *	$11.28	0.0%	COM	784730103
RYAM	RAYONIER ADVANCED MATLS INC	6,356,130	$24.47M	3.5%	$3.85 *	$6.44	-34.8%	COM	75508B104
XLB	SELECT SECTOR SPDR TR	227,517	$19.98M	2.9%	$87.81	$87.81	—	SBI MATERIALS	81369Y100
CVE	CENOVUS ENERGY INC	1,100,000	$14.96M	2.2%	$13.60 *	$16.19	-20.5%	COM	15135U109
CNR	CORE NATURAL RESOURCES INC	201,663	$14.06M	2.0%	$69.74	$84.05	-15.7%	COM SHS	218937100
TDW	TIDEWATER INC NEW	285,900	$13.19M	1.9%	$46.13 *	$64.75	-37.4%	COM	88642R109
CDLR	CADELER A S	624,400	$12.41M	1.8%	$19.87	$18.40	—	SPON ADR	12738K109
AEM	AGNICO EAGLE MINES LTD	95,186	$11.32M	1.6%	$118.93 *	$47.56	+142.3%	COM	008474108
PPTA	PERPETUA RESOURCES CORP	890,459	$10.81M	1.6%	$12.14 *	$7.61	+77.1%	COM	714266103
XME	SPDR SERIES TRUST	152,085	$10.22M	1.5%	$67.22	$67.22	—	S&P METALS MNG	78464A755
—	VITAL ENERGY INC	530,981	$8.543M	1.2%	$16.09	$30.92	—	COM	516806205
INSW	INTERNATIONAL SEAWAYS INC	194,763	$7.105M	1.0%	$36.48 *	$34.25	+0.0%	COM	Y41053102
HL	HECLA MNG CO	1,000,000	$5.99M	0.9%	$5.99 *	$5.51	0.0%	COM	422704106
CIVI	CIVITAS RESOURCES INC	200,000	$5.504M	0.8%	$27.52	$46.35	-40.3%	COM NEW	17888H103
EXK	ENDEAVOUR SILVER CORP	1,000,000	$4.92M	0.7%	$4.92 *	$3.94	0.0%	COM	29258Y103
CDE	COEUR MNG INC	500,000	$4.43M	0.6%	$8.86 *	$7.28	0.0%	COM NEW	192108504
TEN	TSAKOS ENERGY NAVIGATION LTD	190,977	$3.665M	0.5%	$19.19 *	$17.42	+0.6%	SHS	G9108L173
XLE	SELECT SECTOR SPDR TR	18,030	$1.529M	0.2%	$84.81	$88.44	—	ENERGY	81369Y506
MUX	MCEWEN INC.	113,000	$1.086M	0.2%	$9.61 *	$9.23	-11.7%	COM NEW	58039P305