Condire Management, LP

DALLAS, TX · CIK 1847739 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2020 · limited partnership

Assets managed$1.9bn
Staff11 · 7 in investment roles
Main clients (by assets)Private funds 100%
Private funds5 (5 hedge) · $2.6bn gross assets
Websitecondireinvestorsllc.com
Form ADV · 2026-03-31SEC adviser record

Legal entityCondire Management, LP (US)

$942.3m reported value -8.9% vs Q1 2026

21positions

79.6%in top 10

2 new 1 added 6 reduced 0 sold out vs Q1 2026

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	COEUR MNG INC COM NEW CDE	CDE	9,942,304	$162.3m17.22%	17.22%	Unchanged
2	I-80 GOLD CORP COM IAUX	IAUX	82,103,559	$118.2m12.55%	12.55%	Unchanged
3	OCEANAGOLD CORP COM NEW OGC	OGC	3,492,154	$87.4m9.28%	9.28%	New
4	VALARIS LTD CL A VAL	VAL	1,067,010	$77.5m8.22%	8.22%	Reduced -91.6k	-91,641 -7.9%
5	OSISKO DEVELOPMENT CORP COM NEW COM NEW		25,050,980	$61.6m6.54%	6.54%	Unchanged
6	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	496,575	$56.8m6.02%	6.02%	Reduced -60.0k	-59,961 -10.8%
7	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	6,358,877	$50.0m5.30%	5.30%	Unchanged
8	SEADRILL LTD COM SDRL	SDRL	1,279,968	$48.4m5.14%	5.14%	Unchanged
9	SIBANYE STILLWATER LTD SPONSORED ADR SBSW	SBSW	5,244,469	$44.5m4.73%	4.73%	Unchanged
10	B2GOLD CORP COM BTG	BTG	11,571,607	$43.3m4.59%	4.59%	Unchanged
11	ENDEAVOUR SILVER CORP COM EXK	EXK	4,503,543	$37.3m3.96%	3.96%	Unchanged
12	ALLIED GOLD CORP COM NEW AAUC	AAUC	1,387,845	$33.0m3.50%	3.50%	New
13	I-80 GOLD CORP *W EXP 11/16/202 IAUX.WS	IAUX.WS	41,602,399	$32.4m3.44%	3.44%	Added +60.8k	+60,800 0.1%
14	TIDEWATER INC NEW COM TDW	TDW	285,900	$19.0m2.02%	2.02%	Unchanged
15	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	201,663	$16.1m1.71%	1.71%	Unchanged
16	CENOVUS ENERGY INC COM CVE	CVE	600,000	$14.9m1.58%	1.58%	Reduced -500.0k	-500,000 -45.5%
17	CADELER A S SPON ADR CDLR	CDLR	539,983	$11.8m1.26%	1.26%	Reduced -84.4k	-84,417 -13.5%
18	ELEMENTAL RTY CORP COM NEW ELE	ELE	641,515	$11.2m1.19%	1.19%	Reduced -32.9k	-32,900 -4.9%
19	NEXMETALS MINING CORP. COM NEW NEXM	NEXM	3,513,500	$8.3m0.88%	0.88%	Unchanged
20	TSAKOS ENERGY NAVIGATION LTD SHS TEN	TEN	174,927	$6.2m0.66%	0.66%	Reduced -16.1k	-16,050 -8.4%
21	MCEWEN INC. COM NEW MUX	MUX	113,000	$2.0m0.22%	0.22%	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
NEXMETALS MINING CORP. NEXM · 13G · filed 2026-02-03	NEXM	9.9%≈ $8.4m	new	13G	2026-02-03
I-80 GOLD CORP IAUX · 13G · filed 2025-11-14	IAUX	9.9%≈ $117.7m	no change	13G	2025-11-14
OSISKO DEVELOPMENT CORP 13D · filed 2025-08-19		9.9%≈ $58.7m	no change	13D	2025-08-19