COBALT CAPITAL MANAGEMENT, INC. — 13F Holdings & Portfolio
CIK 1086762 · latest 13F-HR filed 2026-05-15
COBALT CAPITAL MANAGEMENT, INC. manages $178.6M in 13F-reported U.S. long-equity assets across 24 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NSC (18.48%), GLD (12.05%), AL (10.89%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 11 new positions, exited 15, added to 4, and trimmed 9.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$178.6M
Long-equity book
24
Distinct positions
2026-03-31
Filed 2026-05-15
+11 / −15 / ↑4 / ↓9
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- BROOKDALE SR LIVING INC$4.4M +1009.4%
- NORFOLK SOUTHN CORP$4.1M +14.3%
- BLUE OWL CAPITAL CORPORATION$2.2M +299.1%
- UNITED AIRLS HLDGS INC$2.2M +40.0%
Top Trims
- AIR LEASE CORP-$9.5M -32.7%
- SPDR GOLD TR-$8.2M -27.6%
- EXPAND ENERGY CORPORATION-$3.4M -25.6%
- TEVA PHARMACEUTICAL INDS LTD-$2.9M -79.6%
- VIASAT INC-$2.6M -74.7%
New Positions
- HONEYWELL INTL INC$19.2M
- LABCORP HOLDINGS INC$10.7M
- MICRON TECHNOLOGY INC$10.1M
- DIAMONDBACK ENERGY INC$5.9M
- KKR & CO INC$5.5M
Exited Positions
- APOLLO GLOBAL MGMT INC$23.2M
- ALASKA AIR GROUP INC$13.1M
- APPLIED MATLS INC$10.5M
- BLUE OWL CAPITAL INC$10.5M
- HUMANA INC$10.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NORFOLK SOUTHN CORP | NSC | 655844108 | $33.0M | 18.48% | 115,000 | SH |
| 2 | SPDR GOLD TR | GLD | 78463V107 | $21.5M | 12.05% | 50,000 | SH |
| 3 | AIR LEASE CORP | AL | 00912X302 | $19.4M | 10.89% | 299,500 | SH |
| 4 | HONEYWELL INTL INC | HON | 438516106 | $19.2M | 10.76% | 85,000 | SH |
| 5 | LABCORP HOLDINGS INC | LH | 504922105 | $10.7M | 5.98% | 40,000 | SH |
| 6 | MICRON TECHNOLOGY INC | MU | 595112103 | $10.1M | 5.67% | 30,000 | SH |
| 7 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $9.9M | 5.52% | 89,800 | SH |
| 8 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $7.8M | 4.38% | 85,000 | SH |
| 9 | THE CIGNA GROUP | CI | 125523100 | $6.7M | 3.73% | 25,000 | SH |
| 10 | DIAMONDBACK ENERGY INC | FANG | 25278X109 | $5.9M | 3.32% | 30,000 | SH |
| 11 | KKR & CO INC | KKR | 48251W104 | $5.5M | 3.11% | 60,000 | SH |
| 12 | BROOKDALE SR LIVING INC | BKD | 112463104 | $4.8M | 2.68% | 350,000 | SH |
| 13 | DHT HOLDINGS INC | DHT | Y2065G121 | $4.8M | 2.66% | 260,000 | SH |
| 14 | LITHIA MTRS INC | LAD | 536797103 | $3.6M | 2.00% | 14,332 | SH |
| 15 | BLUE OWL CAPITAL CORPORATION | OBDC | 69121K104 | $3.0M | 1.67% | 270,000 | SH |
| 16 | ROCKET COS INC | RKT | 77311W101 | $2.7M | 1.52% | 190,000 | SH |
| 17 | HERTZ GLOBAL HLDGS INC | HTZ | 42806J700 | $2.4M | 1.34% | 520,000 | SH |
| 18 | SABLE OFFSHORE CORP | SOC | 78574H104 | $1.8M | 1.02% | 110,000 | SH |
| 19 | FTAI AVIATION LTD | FTAI | G3730V105 | $1.7M | 0.96% | 7,000 | SH |
| 20 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $1.6M | 0.89% | 60,000 | SH |
| 21 | VIASAT INC | VSAT | 92552V100 | $870.2K | 0.49% | 19,000 | SH |
| 22 | TEVA PHARMACEUTICAL INDS LTD | TEVA | 881624209 | $753.0K | 0.42% | 25,000 | SH |
| 23 | SONIDA SENIOR LIVING INC | SNDA | 140475203 | $655.6K | 0.37% | 20,328 | SH |
| 24 | AMC ENTMT HLDGS INC | AMC | 00165C302 | $166.6K | 0.09% | 170,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $178.6M | 24 | 0000919574-26-003163 |
| 2025-12-31 | 2026-02-17 | $225.9M | 28 | 0000919574-26-001158 |
| 2025-09-30 | 2025-11-13 | $217.6M | 22 | 0000919574-25-006739 |