Q2 2026 13F · SEC CIK 1086762
Cobalt Capital Management, Inc.
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $140.5M
- Reported positions
- 26
- Top holdings a year, 3 yrs
- +32.1%
- Average holding period
- 2.3 yrs
Cobalt Capital Management, Inc. is a hedge fund that reported 26 positions worth $140.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Norfolk Southn Corporation (NSC, 15.7%), Spdr Gold Tr (GLD, 13.1%), Expand Energy Corporation (EXE, 11.0%). A portfolio copying its top holdings returned 32.1% a year over the last 3 years, against 20.4% for the S&P 500.
Cobalt Capital Management, Inc. holdings all 26 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What Cobalt Capital Management, Inc. bought and sold in Q2 2026, against Q1 2026.
New positions
- BX Blackstone Inc8.4% of 13F
- CCK Crown Hldgs Inc6.0% of 13F
- VST Vistra Corp5.1% of 13F
- ELV Elevance Health Inc Formerly4.1% of 13F
- GPN Global Pmts Inc2.1% of 13F
- APO Apollo Global Management Inc1.7% of 13F
- SIMO Silicon Motion Technology Co1.4% of 13F
- MGM Mgm Resorts International1.4% of 13F
Added to
- FTAI Ftai Aviation Ltd+328.6% shares
- TEVA Teva Pharmaceutical Inds Ltd+140.0% shares
- EXE Expand Energy Corporation+89.3% shares
- OBDC Blue Owl Capital Corp.+19.1% shares
- VSAT Viasat Inc Com+5.3% shares
Reduced
- RKT Rocket Cos Inc-86.8% shares
- Caesars Entertainment Inc Ne-83.3% shares
- BKD Brookdale Sr Living Inc-80.0% shares
- MU Micron Technology Inc-60.0% shares
- UAL United Airls Hldgs Inc-52.9% shares
- NSC Norfolk Southn Corporation-39.1% shares
Sold out
- AL Air Lease Corpwas 10.9%
- HON Honeywell Intl. Incwas 10.8%
- LH Labcorp Holdings Incwas 6.0%
- CI The Cigna Groupwas 3.7%
- FANG Diamondback Energy Incwas 3.3%
- KKR Kkr & Co Incwas 3.1%
- DHT DHT Holdings, Inc.was 2.7%
- LAD Lithia Motors Incwas 2.0%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +29.5% /yr
- S&P 500 +20.1%
- 3 years
- +32.1% /yr
- S&P 500 +20.4%
- 5 years
- +22.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $140.5M | 26 |
| Q1 2026 | $178.6M | 24 |
| Q4 2025 | $225.9M | 28 |
| Q3 2025 | $217.6M | 22 |
| Q2 2025 | $213.1M | 26 |
| Q1 2025 | $203.1M | 22 |
| Q4 2024 | $240.7M | 27 |
| Q3 2024 | $225.0M | 26 |
| Q2 2024 | $230.7M | 22 |
| Q1 2024 | $310.2M | 24 |
| Q4 2023 | $287.2M | 26 |
| Q3 2023 | $262.2M | 25 |
Questions about Cobalt Capital Management, Inc.'s portfolio
What stocks does Cobalt Capital Management, Inc. own?
Cobalt Capital Management, Inc.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 26 positions worth $140.5M. The largest are Norfolk Southn Corporation (NSC) at 15.7%, Spdr Gold Tr (GLD) at 13.1%, Expand Energy Corporation (EXE) at 11.0%, Micron Technology Inc (MU) at 9.9% and Blackstone Inc (BX) at 8.4%.
What did Cobalt Capital Management, Inc. buy last quarter?
In Q2 2026, Cobalt Capital Management, Inc. added a new position in Blackstone Inc (BX), a new position in Crown Hldgs Inc (CCK), a new position in Vistra Corp (VST), a new position in Elevance Health Inc Formerly (ELV), a new position in Global Pmts Inc (GPN), Ftai Aviation Ltd (FTAI) (+328.6% shares), Teva Pharmaceutical Inds Ltd (TEVA) (+140.0% shares) and Expand Energy Corporation (EXE) (+89.3% shares), compared with its Q1 2026 filing.
What did Cobalt Capital Management, Inc. sell last quarter?
In Q2 2026, Cobalt Capital Management, Inc. sold all of Air Lease Corp (AL), sold all of Honeywell Intl. Inc (HON), sold all of Labcorp Holdings Inc (LH), sold all of The Cigna Group (CI), sold all of Diamondback Energy Inc (FANG), Rocket Cos Inc (RKT) (-86.8% shares), Caesars Entertainment Inc Ne (-83.3% shares) and Brookdale Sr Living Inc (BKD) (-80.0% shares), compared with its Q1 2026 filing.
How has Cobalt Capital Management, Inc.'s portfolio performed?
A portfolio copying Cobalt Capital Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +32.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +29.5% against +20.1%. Over 5 years: +22.5% a year against +11.6%.
When is Cobalt Capital Management, Inc.'s next 13F filing due?
13F filings are due 45 days after each quarter ends. Cobalt Capital Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.