SEC 13F Intelligence

Managers / Q4 2024 · view latest →

COBALT CAPITAL MANAGEMENT, INC.

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

Reported Value
$241M
Q4 2024
Positions
27
Filings on Record
31
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Cobalt Capital Management, Inc. reported $241M in U.S.-listed holdings across 27 positions for Q4 2024.

Its largest position, GQ9, represents 15.1% of the portfolio.

Compared with Q3 2024, the fund opened 14 new positions and exited 13.

Portfolio Metrics

Turnover
+37.2%
vs prior filed quarter
Top-10 Concentration
+78.8%
share of reported value
Largest Position
+15.1%
Spdr Gold Tr
New / Exited
14 / 13
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: 73.2%ETP: 16.7%Other: 10.0%ADR: 0.1%
  • Common Stock · 73.2% · $176M
  • ETP · 16.7% · $40M
  • Other · 10.0% · $24M
  • ADR · 0.1% · $220,400

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRVCCITIGROUP INCNEW+183.0K183.0K+$13M$13M
AERCAP HOLDINGS NVNEW+115.0K115.0K+$11M$11M
ARANTERO RESOURCES CORPNEW+275.0K275.0K+$10M$10M
APTIV PLCNEW+115.0K115.0K+$7M$7M
ELVELEVANCE HEALTH INCNEW+15.0K15.0K+$6M$6M
BTUPEABODY ENERGY CORPNEW+250.0K250.0K+$5M$5M
HPHELMERICH & PAYNE INCNEW+140.0K140.0K+$4M$4M
MPCMARATHON PETE CORPNEW+30.0K30.0K+$4M$4M

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

Holdings — Q4 2024

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GQ9SPDR GOLD TRhistory →GOLD SHS15.09%$36M150.0K
2UALUNITED AIRLS HLDGS INChistory →COM14.12%$34M350.0K
3VSTVISTRA CORPhistory →COM11.45%$28M200.0K
4ALAIR LEASE CORPhistory →CL A11.38%$27M568.3K
5TRVCCITIGROUP INChistory →COM NEW5.35%$13M183.0K
6TOLTOLL BROTHERS INChistory →COM4.71%$11M90.0K
7AERCAP HOLDINGS NVSHS4.57%$11M115.0K
8HESHESS CORPhistory →COM4.42%$11M80.0K
9ARANTERO RESOURCES CORPhistory →COM4.00%$10M275.0K
10DVNDEVON ENERGY CORP NEWhistory →COM3.69%$9M271.3K
11APTIV PLCCOM SHS2.89%$7M115.0K
12ELVELEVANCE HEALTH INChistory →COM2.30%$6M15.0K
13BTUPEABODY ENERGY CORPhistory →COM2.17%$5M250.0K
14HPHELMERICH & PAYNE INChistory →COM1.86%$4M140.0K
15MPCMARATHON PETE CORPhistory →COM1.74%$4M30.0K
16LPLALPL FINL HLDGS INChistory →COM1.63%$4M12.0K
17ISHARES TRCHINA LG-CAP ETF1.58%$4M125.0K
18GOLAR LNG LTDSHS1.49%$4M85.0K
19VETVERMILION ENERGY INChistory →COM1.27%$3M325.0K
20SEAGATE TECHNOLOGY HLDNGS PLORD SHS1.08%$3M30.0K
21GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.81%$2M45.0K
22AMC ENTMT HLDGS INCCL A NEW0.74%$2M450.0K
23FANGDIAMONDBACK ENERGY INCCOM0.68%$2M10.0K
24CZRCAESARS ENTERTAINMENT INC NECOM0.49%$1M35.0K
25ALKALASKA AIR GROUP INCCOM0.27%$647,55010.0K
26UBERUBER TECHNOLOGIES INCCOM0.13%$301,6005.0K
27TEVATEVA PHARMACEUTICAL INDS LTDSPONSORED ADS0.09%$220,40010.0K

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 ↗.