SEC 13F Intelligence

Managers / Q4 2021 · view latest →

COBALT CAPITAL MANAGEMENT, INC.

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

Reported Value
$375M
Q4 2021
Positions
41
Filings on Record
31
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Cobalt Capital Management, Inc. reported $375M in U.S.-listed holdings across 41 positions for Q4 2021.

Its largest position, Athene Holding, represents 13.8% of the portfolio.

Compared with Q3 2021, the fund opened 15 new positions and exited 12.

Portfolio Metrics

Turnover
+34.4%
vs prior filed quarter
Top-10 Concentration
+57.2%
share of reported value
Largest Position
+13.8%
Athene Holding
New / Exited
15 / 12
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: 63.7%Other: 22.6%ETP: 11.0%US DOMESTIC: 2.7%
  • Common Stock · 63.7% · $239M
  • Other · 22.6% · $85M
  • ETP · 11.0% · $41M
  • US DOMESTIC · 2.7% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AIGAMERICAN INTL GROUP INCNEW+215.0K215.0K+$12M$12M
HTZHERTZ GLOBAL HLDGS INCNEW+450.0K450.0K+$11M$11M
CLARIVATE PLCNEW+401.0K401.0K+$9M$9M
UBERUBER TECHNOLOGIES INCNEW+200.0K200.0K+$8M$8M
SPDR S&P 500 ETF TRNEW+15.0K15.0K+$7M$7M
GOLAR LNG LTDNEW+500.0K500.0K+$6M$6M
IBMINTERNATIONAL BUSINESS MACHSNEW+30.0K30.0K+$4M$4M
NFENEW FORTRESS ENERGY INCNEW+135.0K135.0K+$3M$3M

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

Holdings — Q4 2021

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ATHENE HOLDING LTDCL A13.78%$52M620.0K
2GQ9SPDR GOLD TRhistory →GOLD SHS9.12%$34M200.0K
3EQTEQT CORPhistory →COM8.63%$32M1.48M
4MR COOPER GROUP INCCOM5.06%$19M456.0K
5EXECHESAPEAKE ENERGY CORPhistory →COM4.13%$15M240.0K
6MCKMCKESSON CORPhistory →COM3.98%$15M60.0K
7TOLTOLL BROTHERS INChistory →COM3.28%$12M170.0K
8AIGAMERICAN INTL GROUP INChistory →COM NEW3.26%$12M215.0K
9HTZHERTZ GLOBAL HLDGS INChistory →COM NEW3.00%$11M450.0K
10XPOXPO LOGISTICS INChistory →COM2.99%$11M145.0K
11TEEKAY CORPORATIONNOTE 5.000% 1/12.75%$10M10.38M
12GPKGRAPHIC PACKAGING HLDG COhistory →COM2.65%$10M510.0K
13CZRCAESARS ENTERTAINMENT INC NEhistory →COM2.62%$10M105.0K
14AERCAP HOLDINGS NVSHS2.62%$10M150.0K
15CLARIVATE PLCORD SHS2.51%$9M401.0K
16CCKCROWN HLDGS INChistory →COM2.36%$9M80.0K
17UBERUBER TECHNOLOGIES INChistory →COM2.24%$8M200.0K
18LADLITHIA MTRS INChistory →COM2.14%$8M27.0K
19DELLDELL TECHNOLOGIES INChistory →CL C2.02%$8M135.0K
20SPDR S&P 500 ETF TRTR UNIT1.90%$7M15.0K
21BHCBAUSCH HEALTH COS INChistory →COM1.84%$7M249.5K
22JBIJANUS INTERNATIONAL GROUP INhistory →COMMON STOCK1.80%$7M539.8K
23ARCH1USDARCH RESOURCES INChistory →CL A1.70%$6M70.0K
24AMATAPPLIED MATLS INChistory →COM1.68%$6M40.0K
25GOLAR LNG LTDSHS1.65%$6M500.0K
26GXOGXO LOGISTICS INCORPORATEDhistory →COMMON STOCK1.45%$5M60.0K
27BOA ACQUISITION CORPUNIT 99/99/99991.34%$5M500.0K
28DVNDEVON ENERGY CORP NEWhistory →COM1.19%$4M101.3K
29FCXFREEPORT-MCMORAN INChistory →CL B1.11%$4M100.0K
30IBMINTERNATIONAL BUSINESS MACHShistory →COM1.07%$4M30.0K
31NFENEW FORTRESS ENERGY INCCOM CL A0.87%$3M135.0K
32VSTVISTRA CORPCOM0.62%$2M102.5K
33CFCF INDS HLDGS INCCOM0.47%$2M25.0K
34TEEKAY LNG PARTNERS L PPRTNRSP UNITS0.45%$2M100.0K
35FDXFEDEX CORPCOM0.34%$1M5.0K
36ARCHAEA ENERGY INCCOM CL A0.32%$1M65.8K
37LENLENNAR CORPCL A0.31%$1M10.0K
38ARNAEURARENA PHARMACEUTICALS INCCOM NEW0.25%$929,00010.0K
39PERIMETER SOLUTIONS SACOMMON STOCK0.21%$799,00057.5K
40RDNRADIAN GROUP INCCOM0.17%$634,00030.0K
41MTGMGIC INVT CORP WISCOM0.12%$433,00030.0K

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 ↗.