SEC 13F Intelligence

Managers / Q4 2022 · view latest →

COBALT CAPITAL MANAGEMENT, INC.

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

Reported Value
$240M
Q4 2022
Positions
22
Filings on Record
31
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Cobalt Capital Management, Inc. reported $240M in U.S.-listed holdings across 22 positions for Q4 2022.

The portfolio is heavily concentrated: GQ9 alone accounts for 23.3% of reported value.

Compared with Q3 2022, the fund opened 10 new positions and exited 16.

Portfolio Metrics

Turnover
+35.6%
vs prior filed quarter
Top-10 Concentration
+84.5%
share of reported value
Largest Position
+23.3%
Spdr Gold Tr
New / Exited
10 / 16
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 66.5%ETP: 23.3%Other: 10.2%
  • Common Stock · 66.5% · $159M
  • ETP · 23.3% · $56M
  • Other · 10.2% · $24M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MPCMARATHON PETE CORPNEW+105.0K105.0K+$12M$12M
ANAUTONATION INCNEW+100.0K100.0K+$11M$11M
CUCAAVIS BUDGET GROUPNEW+36.1K36.1K+$6M$6M
NOBLE CORP PLCNEW+150.0K150.0K+$6M$6M
RXORXO INCNEW+250.0K250.0K+$4M$4M
DIAMOND OFFSHORE DRILLING INNEW+350.0K350.0K+$4M$4M
FISFIDELITY NATL INFORMATION SVNEW+30.0K30.0K+$2M$2M
GPNGLOBAL PMTS INCNEW+10.0K10.0K+$993,200$993,200

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

Holdings — Q4 2022

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GQ9SPDR GOLD TRhistory →GOLD SHS23.35%$56M330.0K
2EXECHESAPEAKE ENERGY CORPhistory →COM12.20%$29M310.0K
3ALAIR LEASE CORPhistory →CL A11.38%$27M710.0K
4MR COOPER GROUP INCCOM9.79%$23M585.0K
5GOLAR LNG LTDSHS7.60%$18M800.0K
6NTRNUTRIEN LTDhistory →COM5.33%$13M175.0K
7MPCMARATHON PETE CORPhistory →COM5.10%$12M105.0K
8ANAUTONATION INChistory →COM4.48%$11M100.0K
9FANGDIAMONDBACK ENERGY INChistory →COM2.85%$7M50.0K
10CUCAAVIS BUDGET GROUPhistory →COM2.46%$6M36.1K
11NOBLE CORP PLCORD SHS A2.36%$6M150.0K
12DALDELTA AIR LINES INC DELhistory →COM NEW2.19%$5M160.0K
13GOOGALPHABET INChistory →CAP STK CL C1.85%$4M50.0K
14RXORXO INChistory →COMMON STOCK1.79%$4M250.0K
15AEMAGNICO EAGLE MINES LTDhistory →COM1.63%$4M75.0K
16DIAMOND OFFSHORE DRILLING INCOM1.52%$4M350.0K
17HTZHERTZ GLOBAL HLDGS INChistory →COM NEW1.41%$3M220.0K
18HPHELMERICH & PAYNE INChistory →COM1.03%$2M50.0K
19FISFIDELITY NATL INFORMATION SVCOM0.85%$2M30.0K
20GPNGLOBAL PMTS INCCOM0.41%$993,20010.0K
21FTAI AVIATION LTDSHS0.21%$513,60030.0K
22RDNRADIAN GROUP INCCOM0.20%$476,75025.0K

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 ↗.