SEC 13F Intelligence

Managers / Q1 2026

COBALT CAPITAL MANAGEMENT, INC.

CIK 0001086762 · 636 MORRIS TURNPIKE, SUITE 3B, SHORT HILLS, NJ, 07078 · 212-808-3756

Reported Value
$179M
Q1 2026
Positions
24
Filings on Record
31
2019–present window
Filed
May 15, 2026
original filing

Summary

Cobalt Capital Management, Inc. reported $179M in U.S.-listed holdings across 24 positions for Q1 2026.

Its largest position, NSC, represents 18.5% of the portfolio.

Compared with Q4 2025, the fund opened 11 new positions and exited 15.

Portfolio Metrics

Turnover
+39.3%
vs prior filed quarter
Top-10 Concentration
+80.8%
share of reported value
Largest Position
+18.5%
Norfolk Southn
New / Exited
11 / 15
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $347MQ4 ’18Q1 ’19: $230MQ2 ’19: $284MQ3 ’19: $252MQ4 ’19: $280MQ4 ’19Q1 ’20: $193MQ2 ’20: $175MQ3 ’20: $176MQ4 ’20: $293MQ4 ’20Q1 ’21: $280MQ2 ’21: $285MQ3 ’21: $350MQ4 ’21: $375MQ4 ’21Q1 ’22: $331MQ2 ’22: $300MQ3 ’22: $247MQ4 ’22: $240MQ4 ’22Q1 ’23: $275MQ2 ’23: $260MQ3 ’23: $262MQ4 ’23: $287MQ4 ’23Q1 ’24: $310MQ2 ’24: $231MQ3 ’24: $225MQ4 ’24: $241MQ4 ’24Q1 ’25: $203MQ2 ’25: $213MQ3 ’25: $218MQ4 ’25: $226MQ4 ’25Q1 ’26: $179Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 83.9%ETP: 12.0%Other: 3.6%ADR: 0.4%
  • Common Stock · 83.9% · $150M
  • ETP · 12.0% · $22M
  • Other · 3.6% · $6M
  • ADR · 0.4% · $753,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HONGBPHONEYWELL INTL INCNEW+85.0K85.0K+$19M$19M
LHLABCORP HOLDINGS INCNEW+40.0K40.0K+$11M$11M
MUMICRON TECHNOLOGY INCNEW+30.0K30.0K+$10M$10M
FANGDIAMONDBACK ENERGY INCNEW+30.0K30.0K+$6M$6M
KKRKKR & CO INCNEW+60.0K60.0K+$6M$6M
DHT HOLDINGS INCNEW+260.0K260.0K+$5M$5M
LADLITHIA MTRS INCNEW+14.3K14.3K+$4M$4M
RKTROCKET COS INCNEW+190.0K190.0K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NSCNORFOLK SOUTHN CORPhistory →COM18.48%$33M115.0K
2GQ9SPDR GOLD TRhistory →GOLD SHS12.05%$22M50.0K
3ALAIR LEASE CORPhistory →CL A10.89%$19M299.5K
4HONGBPHONEYWELL INTL INChistory →COM10.76%$19M85.0K
5LHLABCORP HOLDINGS INChistory →COM SHS5.98%$11M40.0K
6MUMICRON TECHNOLOGY INChistory →COM5.67%$10M30.0K
7EXEEXPAND ENERGY CORPORATIONhistory →COM5.52%$10M89.8K
8UALUNITED AIRLS HLDGS INChistory →COM4.38%$8M85.0K
9CITHE CIGNA GROUPhistory →COM3.73%$7M25.0K
10FANGDIAMONDBACK ENERGY INChistory →COM3.32%$6M30.0K
11KKRKKR & CO INChistory →COM3.11%$6M60.0K
12B7SBROOKDALE SR LIVING INChistory →COM2.68%$5M350.0K
13DHT HOLDINGS INCSHS NEW2.66%$5M260.0K
14LADLITHIA MTRS INChistory →COM2.00%$4M14.3K
15OBDCBLUE OWL CAPITAL CORPORATIONhistory →COM1.67%$3M270.0K
16RKTROCKET COS INChistory →COM CL A1.52%$3M190.0K
17HTZHERTZ GLOBAL HLDGS INChistory →COM NEW1.34%$2M520.0K
18SOCSABLE OFFSHORE CORPhistory →COM SHS1.02%$2M110.0K
19FTAI AVIATION LTDSHS0.96%$2M7.0K
20CZRCAESARS ENTERTAINMENT INC NECOM0.89%$2M60.0K
21VSATVIASAT INCCOM0.49%$870,20019.0K
22TEVATEVA PHARMACEUTICAL INDS LTDSPONSORED ADS0.42%$753,00025.0K
23SNDASONIDA SENIOR LIVING INCCOM0.37%$655,57820.3K
24AMC ENTMT HLDGS INCCL A NEW0.09%$166,600170.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$179M24May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$226M28Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$218M22Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$213M26Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$203M22May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$241M27Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$225M26Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$231M22Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$310M24May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$287M26Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$262M25Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$260M29Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$275M27May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$240M22Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$247M28Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$300M33Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$331M40May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$375M41Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$350M38Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$285M31Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$280M34May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$293M30Feb 16, 2021RESTATEMENTchanges · EDGAR ↗
Q3 2020$176M26Nov 18, 202013F-HRchanges · EDGAR ↗
Q2 2020$175M24Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$193M34May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$280M26Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$252M31Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$284M38Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$230M28May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$347M37Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • COBALT PARTNERS, L.P.028-10572

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.