XOP β€” SPDR SER TR

Ownership history in Condire Management, LP  Β·  7 quarters on record

This page tracks every 13F SEC filing in which Condire Management, LP reported a position in SPDR SER TR (XOP). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
2.55% (2024 Q1)
πŸ“Š Avg. % of fund
1.68%
πŸ“… First filed
2023 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
7

Position Intelligence

Condire Management, LP Γ— XOP AI Analytics

πŸ“‰ Condire Management, LP underperformed the S&P 500 by –37.4% annually on this XOP position. Timing score: 40% (2/5 decisions correct). Average cost basis: $138.09. Maximum drawdown during holding period: –14.8%.

πŸ“ˆ Position Alpha vs SPY
-37.4%
annualised excess return

❌ Significantly underperformed the S&P 500 by 37.4% ann.
5 quarters analyzed

⏱️ Timing Score
40%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
2 of 5 add/trim decisions correct

πŸ’° Entry Quality
$138.09
-8.9% vs current ($125.75)

Best entry: $126.88 (2024 Q3)  Β·  Worst: $147.67 (2024 Q1)

πŸ›‘οΈ Drawdown Resilience
–14.8%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
57%
buy-side decisions

4 adds Β· 3 trims. Bought during 1 of 3 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.54% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    XOP price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 7 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 41,028 -46,861 -53.3% 0.54% $5.2M $125.75
2025 Q1 ADDED 87,889 +3,196 +3.8% 1.73% $11.6M $128.63
2024 Q4 REDUCED 84,693 -55,307 -39.5% 1.62% $11.2M $128.52
2024 Q3 ADDED 140,000 +50,000 +55.6% 2.31% $18.4M $126.88
2024 Q2 REDUCED 90,000 -31,684 -26.0% 1.77% $13.1M $139.41
2024 Q1 ADDED 121,684 +61,684 +102.8% 2.55% $18.9M $147.67
2023 Q4 INITIATED 60,000 β€” β€” 1.26% $8.2M β€”
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