COBALT CAPITAL MANAGEMENT, INC.

SHORT HILLS, NJ · CIK 1086762 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCOBALT CAPITAL MANAGEMENT, INC. (US)

Others nearbyShort Hills, NJ

$140.5m reported value -21.3% vs Q1 2026

26positions

82.9%in top 10

13 new 5 added 6 reduced 11 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

COBALT PARTNERS, L.P. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NORFOLK SOUTHN CORP COM NSC	NSC	70,000	$22.0m15.68%	15.68%	Reduced -45.0k	-45,000 -39.1%
2	SPDR GOLD TR GOLD SHS GLD	GLD	50,000	$18.4m13.11%	13.11%	Unchanged
3	EXPAND ENERGY CORPORATION COM EXE	EXE	170,000	$15.5m11.03%	11.03%	Added +80.2k	+80,200 89.3%
4	MICRON TECHNOLOGY INC COM MU	MU	12,000	$13.9m9.86%	9.86%	Reduced -18.0k	-18,000 -60.0%
5	BLACKSTONE INC COM BX	BX	100,000	$11.8m8.38%	8.38%	New
6	CROWN HLDGS INC COM CCK	CCK	75,000	$8.4m5.97%	5.97%	New
7	FTAI AVIATION LTD SHS FTAI	FTAI	30,000	$8.1m5.78%	5.78%	Added +23.0k	+23,000 328.6%
8	VISTRA CORP COM VST	VST	45,000	$7.1m5.08%	5.08%	New
9	ELEVANCE HEALTH INC COM ELV	ELV	15,000	$5.8m4.13%	4.13%	New
10	UNITED AIRLS HLDGS INC COM UAL	UAL	40,000	$5.4m3.87%	3.87%	Reduced -45.0k	-45,000 -52.9%
11	BLUE OWL CAPITAL CORPORATION COM OBDC	OBDC	321,618	$3.5m2.49%	2.49%	Added +51.6k	+51,618 19.1%
12	GLOBAL PMTS INC COM GPN	GPN	40,000	$2.9m2.07%	2.07%	New
13	APOLLO GLOBAL MGMT INC COM APO	APO	20,000	$2.4m1.68%	1.68%	New
14	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		60,000	$2.0m1.45%	1.45%	Added +35.0k	+35,000 140.0%
15	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	6,000	$2.0m1.42%	1.42%	New
16	MGM RESORTS INTERNATIONAL COM MGM	MGM	40,000	$1.9m1.36%	1.36%	New
17	CALUMET INC COM CLMT	CLMT	50,000	$1.8m1.28%	1.28%	New
18	VIASAT INC COM VSAT	VSAT	20,000	$1.8m1.28%	1.28%	Added +1.0k	+1,000 5.3%
19	WHITEHAWK MINERALS CORP CL A WHK	WHK	50,000	$1.4m0.99%	0.99%	New
20	BROOKDALE SR LIVING INC COM BKD	BKD	70,000	$1.1m0.80%	0.80%	Reduced -280.0k	-280,000 -80.0%
21	HONEYWELL AEROSPACE INC COM HONA	HONA	5,000	$1.1m0.79%	0.79%	New
22	DIAMEDICA THERAPEUTICS INC COM NEW DMAC	DMAC	90,000	$633.6k0.45%	0.45%	New
23	LIONSGATE STUDIOS CORP COM LION	LION	30,000	$459.3k0.33%	0.33%	New
24	ROCKET COS INC COM CL A RKT	RKT	25,000	$393.8k0.28%	0.28%	Reduced -165.0k	-165,000 -86.8%
25	AMC ENTMT HLDGS INC CL A NEW AMC	AMC	170,000	$323.0k0.23%	0.23%	Unchanged
26	CAESARS ENTERTAINMENT INC NE COM CZR	CZR	10,000	$301.8k0.21%	0.21%	Reduced -50.0k	-50,000 -83.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AIR LEASE CORP AL	AL	299,500	$19.4m299.5k shares
HONEYWELL INTL INC		42,500	$19.2m42.5k shares
LABCORP HOLDINGS INC LH	LH	40,000	$10.7m40.0k shares
THE CIGNA GROUP CI	CI	25,000	$6.7m25.0k shares
DIAMONDBACK ENERGY INC FANG	FANG	30,000	$5.9m30.0k shares
KKR & CO INC KKR	KKR	60,000	$5.5m60.0k shares
DHT HOLDINGS INC DHT	DHT	260,000	$4.8m260.0k shares
LITHIA MTRS INC LAD	LAD	14,332	$3.6m14.3k shares
HERTZ GLOBAL HLDGS INC HTZ	HTZ	520,000	$2.4m520.0k shares
SABLE OFFSHORE CORP SOC	SOC	110,000	$1.8m110.0k shares
SONIDA SENIOR LIVING INC SNDA	SNDA	20,328	$655.6k20.3k shares