SEC 13F Intelligence

Managers / Q4 2023 · view latest →

COBALT CAPITAL MANAGEMENT, INC.

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

Reported Value
$287M
Q4 2023
Positions
26
Filings on Record
31
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Cobalt Capital Management, Inc. reported $287M in U.S.-listed holdings across 26 positions for Q4 2023.

Its largest position, GQ9, represents 20.0% of the portfolio.

Compared with Q3 2023, the fund opened 11 new positions and exited 10.

Portfolio Metrics

Turnover
+27.4%
vs prior filed quarter
Top-10 Concentration
+82.1%
share of reported value
Largest Position
+20.0%
Spdr Gold Tr
New / Exited
11 / 10
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: 54.8%Other: 25.3%ETP: 20.0%
  • Common Stock · 54.8% · $157M
  • Other · 25.3% · $73M
  • ETP · 20.0% · $57M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LEALEAR CORPNEW+75.0K75.0K+$11M$11M
GMGENERAL MTRS CONEW+125.0K125.0K+$4M$4M
BACBANK AMERICA CORPNEW+100.0K100.0K+$3M$3M
PCRXPACIRA BIOSCIENCES INCNEW+90.0K90.0K+$3M$3M
SEADRILL 2021 LTDNEW+60.0K60.0K+$3M$3M
CITHE CIGNA GROUPNEW+8.0K8.0K+$2M$2M
HUMHUMANA INCNEW+5.0K5.0K+$2M$2M
NTRNUTRIEN LTDNEW+30.0K30.0K+$2M$2M

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

Holdings — Q4 2023

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GQ9SPDR GOLD TRhistory →GOLD SHS19.97%$57M300.0K
2ALAIR LEASE CORPhistory →CL A18.57%$53M1.27M
3AERCAP HOLDINGS NVSHS9.93%$29M383.6K
4LNGCHENIERE ENERGY INChistory →COM NEW5.94%$17M100.0K
5VSTVISTRA CORPhistory →COM5.36%$15M400.0K
6CRH PLCORD5.30%$15M220.0K
7FTAI AVIATION LTDSHS4.85%$14M300.0K
8KKRKKR & CO INChistory →COM4.33%$12M150.0K
9GOLAR LNG LTDSHS4.20%$12M525.0K
10LEALEAR CORPhistory →COM NEW3.69%$11M75.0K
11PRPERMIAN RESOURCES CORPhistory →CLASS A COM3.53%$10M745.0K
12UALUNITED AIRLS HLDGS INChistory →COM2.87%$8M200.0K
13GMGENERAL MTRS COhistory →COM1.56%$4M125.0K
14BACBANK AMERICA CORPhistory →COM1.17%$3M100.0K
15PCRXPACIRA BIOSCIENCES INChistory →COM1.06%$3M90.0K
16NVDANVIDIA CORPORATIONhistory →COM1.03%$3M6.0K
17SEADRILL 2021 LTDCOM0.99%$3M60.0K
18CUCAAVIS BUDGET GROUPCOM0.93%$3M15.0K
19CITHE CIGNA GROUPCOM0.83%$2M8.0K
20HUMHUMANA INCCOM0.80%$2M5.0K
21ANAUTONATION INCCOM0.78%$2M15.0K
22NTRNUTRIEN LTDCOM0.59%$2M30.0K
237SUSUMMIT MATLS INCCL A0.54%$2M40.0K
24VETVERMILION ENERGY INCCOM0.50%$1M120.0K
25MR COOPER GROUP INCCOM0.36%$1M16.0K
26APOAPOLLO GLOBAL MGMT INCCOM0.32%$931,90010.0K

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 ↗.