COBALT CAPITAL MANAGEMENT, INC.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, COBALT CAPITAL MANAGEMENT, INC. maintained a portfolio of 37 distinct positions. The most significant new addition to the portfolio was EXPAND ENERGY CORPOR, which now represents 5.86% of the total fund value. They heavily accumulated shares in NORFOLK SOUTHN CORP, increasing their position by 11.1%. Conversely, COBALT CAPITAL MANAGEMENT, INC. completely exited their position in CAPITAL ONE FINL COR.
PCA Score Concentration Risk
Risk ENB
Total Positions
37
Quarter
2025 Q4
Top Holding
GLD (13.2%)
Top 10 Concentration
78.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 37
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
GLD
SPDR GOLD TR
ETF 13.16% 13.07% #1 1
Prev: #2
6.5 -5,000 -6.2%
P
S
75,000 $29,723,250 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AL
AIR LEASE CORP
Industrials 12.79% 14.63% #2 1
Prev: #1
6.0 -50,000 -10.0%
P
S
450,000 $28,903,500 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NSC
NORFOLK SOUTHN ...
Industrials 12.78% 12.43% #3
Prev: #3
7.0 10,000 11.1%
P
S
100,000 $28,872,000 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APO
APOLLO GLOBAL M...
Financial Services 10.25% 5.51% #4 3
Prev: #7
7.5 70,000 77.8%
P
S
160,000 $23,161,600 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EXE
EXPAND ENERGY C...
Energy 5.86% #5
Prev: #—
6.3 120,000 no change
NEW
120,000 $13,243,200 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ALK
ALASKA AIR GROU...
Industrials 5.79% #6
Prev: #—
5.8 260,000 no change
NEW
260,000 $13,078,000 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMAT
APPLIED MATLS I...
Technology 4.66% #7
Prev: #—
5.4 41,000 no change
NEW
41,000 $10,536,590 2000 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OWL
BLUE OWL CAPITA...
Financial Services 4.63% #8
Prev: #—
5.4 700,085 no change
NEW
700,085 $10,459,270 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
Healthcare 4.53% #9
Prev: #—
5.3 40,000 no change
NEW
40,000 $10,245,200 1999 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CI
THE CIGNA GROUP
Healthcare 3.65% #10
Prev: #—
5.0 30,000 no change
NEW
30,000 $8,256,900 2000 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MPC
MARATHON PETE C...
Energy 2.88% #11
Prev: #—
4.7 40,000 no change
NEW
40,000 $6,505,200 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FXI
ISHARES TR
ETF 2.54% #12
Prev: #—
4.5 150,000 no change
NEW
150,000 $5,743,500 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UAL
UNITED AIRLS HL...
Industrials 2.47% 6.65% #13 7
Prev: #6
1.0 -100,000 -66.7%
P
S
50,000 $5,591,000 2001 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TOL
TOLL BROTHERS I...
Consumer Cyclical 2.39% 4.44% #14 4
Prev: #10
1.0 -30,000 -42.9%
P
S
40,000 $5,408,800 2004 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VST
VISTRA CORP
Utilities 2.14% 4.50% #15 6
Prev: #9
0.9 -20,000 -40.0%
P
S
30,000 $4,839,900 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TEVA
TEVA PHARMACEUT...
Healthcare 1.63% #16
Prev: #—
4.2 118,201 no change
NEW
118,201 $3,689,053 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VSAT
VIASAT INC
Technology 1.53% #17
Prev: #—
4.1 100,000 no change
NEW
100,000 $3,446,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HTZ
HERTZ GLOBAL HL...
Industrials 1.42% 2.06% #18 5
Prev: #13
1.1 -35,000 -5.3%
P
S
624,900 $3,211,986 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SOC
SABLE OFFSHORE ...
Energy 1.04% 0.16% #19 3
Prev: #22
3.4 240,000 1200.0%
P
S
260,000 $2,345,200 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
C
CITIGROUP INC
Financial Services 1.03% #20
Prev: #—
3.9 20,000 no change
NEW
20,000 $2,333,800 2000 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MOH
MOLINA HEALTHCA...
Healthcare 0.77% 10.11% #21 17
Prev: #4
0.3 -105,000 -91.3%
P
S
10,000 $1,735,400 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APTV
APTIV PLC
Consumer Cyclical 0.67% 1.98% #22 8
Prev: #14
0.3 -30,000 -60.0%
P
S
20,000 $1,521,800 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CCK
CROWN HLDGS INC
Consumer Cyclical 0.46% 1.33% #23 7
Prev: #16
0.2 -20,000 -66.7%
P
S
10,000 $1,029,700 2002 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OBDC
BLUE OWL CAPITA...
Financial Services 0.33% #24
Prev: #—
3.6 60,192 no change
NEW
60,192 $748,187 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BKD
BROOKDALE SR LI...
Healthcare 0.19% #25
Prev: #—
3.6 40,000 no change
NEW
40,000 $431,600 2014 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
COF
CAPITAL ONE FIN...
Financial Services 0.00% 7.82%
Sold All 😨
(Was: #5)
0.0 -80,000 -100.0%
CLOSED
$— 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AR
ANTERO RESOURCE...
Energy 0.00% 4.94%
Sold All 😨
(Was: #8)
0.0 -320,000 -100.0%
CLOSED
$— 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WDC
WESTERN DIGITAL...
Technology 0.00% 3.03%
Sold All 😨
(Was: #11)
0.0 -55,000 -100.0%
CLOSED
$— 2011 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRC
CALIFORNIA RES ...
Energy 0.00% 2.93%
Sold All 😨
(Was: #12)
0.0 -120,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COOP
MR COOPER GROUP...
Unknown 0.00% 1.36%
Sold All 😨
(Was: #15)
0.0 -14,000 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MGM
MGM RESORTS INT...
Consumer Cyclical 0.00% 0.96%
Sold All 😨
(Was: #17)
0.0 -60,000 -100.0%
CLOSED
$— 2005 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BX
BLACKSTONE INC
Financial Services 0.00% 0.79%
Sold All 😨
(Was: #18)
0.0 -10,000 -100.0%
CLOSED
$— 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BHF
BRIGHTHOUSE FIN...
Financial Services 0.00% 0.61%
Sold All 😨
(Was: #19)
0.0 -25,000 -100.0%
CLOSED
$— 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Z
ZILLOW GROUP IN...
Communication Services 0.00% 0.35%
Sold All 😨
(Was: #20)
0.0 -10,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 37 holdings

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