SEC 13F Intelligence

Managers / Q2 2025 · view latest →

COBALT CAPITAL MANAGEMENT, INC.

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

Reported Value
$213M
Q2 2025
Positions
26
Filings on Record
31
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Cobalt Capital Management, Inc. reported $213M in U.S.-listed holdings across 26 positions for Q2 2025.

Its largest position, AL, represents 17.4% of the portfolio.

Compared with Q1 2025, the fund opened 15 new positions and exited 11.

Portfolio Metrics

Turnover
+41.9%
vs prior filed quarter
Top-10 Concentration
+79.9%
share of reported value
Largest Position
+17.4%
Air Lease
New / Exited
15 / 11
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: 87.6%ETP: 10.0%ADR: 1.7%Other: 0.7%
  • Common Stock · 87.6% · $187M
  • ETP · 10.0% · $21M
  • ADR · 1.7% · $4M
  • Other · 0.7% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WDCWESTERN DIGITAL CORPNEW+160.0K160.0K+$10M$10M
CCKCROWN HLDGS INCNEW+80.0K80.0K+$8M$8M
VNOMUSDVIPER ENERGY INCNEW+200.0K200.0K+$8M$8M
MR COOPER GROUP INCNEW+50.0K50.0K+$7M$7M
CVSCVS HEALTH CORPNEW+100.0K100.0K+$7M$7M
MUMICRON TECHNOLOGY INCNEW+30.0K30.0K+$4M$4M
TEVATEVA PHARMACEUTICAL INDS LTDNEW+220.0K220.0K+$4M$4M
WSCWILLSCOT HLDGS CORPNEW+120.0K120.0K+$3M$3M

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

Holdings — Q2 2025

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ALAIR LEASE CORPhistory →CL A17.43%$37M635.0K
2COFCAPITAL ONE FINL CORPhistory →COM13.98%$30M140.0K
3VSTVISTRA CORPhistory →COM12.73%$27M140.0K
4GQ9SPDR GOLD TRhistory →GOLD SHS10.01%$21M70.0K
5UALUNITED AIRLS HLDGS INChistory →COM6.73%$14M180.0K
6WDCWESTERN DIGITAL CORPhistory →COM4.80%$10M160.0K
7CCKCROWN HLDGS INChistory →COM3.87%$8M80.0K
8VNOMUSDVIPER ENERGY INChistory →CL A3.58%$8M200.0K
9MR COOPER GROUP INCCOM3.50%$7M50.0K
10CVSCVS HEALTH CORPhistory →COM3.24%$7M100.0K
11LADLITHIA MTRS INChistory →COM3.17%$7M20.0K
12TOLTOLL BROTHERS INChistory →COM2.41%$5M45.0K
13BLDRBUILDERS FIRSTSOURCE INChistory →COM2.19%$5M40.0K
14MUMICRON TECHNOLOGY INChistory →COM1.74%$4M30.0K
15TEVATEVA PHARMACEUTICAL INDS LTDhistory →SPONSORED ADS1.73%$4M220.0K
16WSCWILLSCOT HLDGS CORPhistory →COM CL A1.54%$3M120.0K
17SITIO ROYALTIES CORPCLASS A COM1.21%$3M140.0K
18HTZHERTZ GLOBAL HLDGS INChistory →COM NEW1.15%$2M360.0K
19HUMHUMANA INChistory →COM1.15%$2M10.0K
20MGMMGM RESORTS INTERNATIONALCOM0.81%$2M50.0K
21GOLAR LNG LTDSHS0.69%$1M35.6K
22BTUPEABODY ENERGY CORPCOM0.63%$1M100.0K
23AMC ENTMT HLDGS INCCL A NEW0.58%$1M400.0K
24PCGPG&E CORPCOM0.52%$1M80.0K
25CORZCORE SCIENTIFIC INC NEWCOM0.40%$853,50050.0K
26SOCSABLE OFFSHORE CORPCOM SHS0.21%$439,60020.0K

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 ↗.