Cobalt Capital Management, Inc 13F annual report

Cobalt Capital Management, Inc is an investment fund managing more than $295 million ran by Wayne Cooperman. There are currently 32 companies in Mr. Cooperman’s portfolio. The largest investments include Chesapeake and Spdr Gold Tr, together worth $72.2 million.

Limited to 30 biggest holdings

$295 million Assets Under Management (AUM)

As of 5th August 2022, Cobalt Capital Management, Inc’s top holding is 475,000 shares of Chesapeake currently worth over $38.5 million and making up 13.1% of the portfolio value. Relative to the number of outstanding shares of Chesapeake, Cobalt Capital Management, Inc owns more than approximately 0.1% of the company. In addition, the fund holds 200,000 shares of Spdr Gold Tr worth $33.7 million. The third-largest holding is Antero Resources Corp worth $28 million and the next is Air Lease Corp worth $19.1 million, with 570,000 shares owned.

Currently, Cobalt Capital Management, Inc's portfolio is worth at least $295 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Cobalt Capital Management, Inc

The Cobalt Capital Management, Inc office and employees reside in Short Hills, New Jersey. According to the last 13-F report filed with the SEC, Wayne Cooperman serves as the Managing Member of the General Partner at Cobalt Capital Management, Inc.

Recent trades

In the most recent 13F filing, Cobalt Capital Management, Inc revealed that it had opened a new position in Chesapeake and bought 475,000 shares worth $38.5 million. This means they effectively own approximately 0.1% of the company. Chesapeake makes up 51.9% of the fund's Energy sector allocation and has grown its share price by 65.5% in the past year.

The investment fund also strengthened its position in Berry Global Inc by buying 20,000 additional shares. This makes their stake in Berry Global Inc total 210,000 shares worth $11.5 million. Berry Global Inc dropped 10.7% in the past year.

On the other hand, there are companies that Cobalt Capital Management, Inc is getting rid of from its portfolio. Cobalt Capital Management, Inc closed its position in Bunge Limited on 12th August 2022. It sold the previously owned 310,000 shares for $20.3 million. Wayne Cooperman also disclosed a decreased stake in Spdr Gold Tr by 0.1%. This leaves the value of the investment at $33.7 million and 200,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Cobalt Capital Management, Inc are Wny Asset Management and Curated Wealth Partners. They manage $295 million and $295 million respectively.

Wayne Cooperman investment strategy

Cobalt Capital Management, Inc’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Energy — making up 25.1% of the total portfolio value. The fund focuses on investments in the United States as 59.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 44% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $33.7 billion.

The complete list of Cobalt Capital Management, Inc trades based on 13F SEC filings

These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Chesapeake Energy Corp.	Opened 475,000	$38,523,000	13.06%
Spdr Gold Tr	13.04% 200,000	$33,692,000	11.42%
Antero Resources Corp	Opened 915,000	$28,045,000	9.50%
Bunge Limited	Closed 310,000	$20,330,000
Air Lease Corp	Opened 570,000	$19,055,000	6.46%
Golar Lng	Opened 800,000	$18,200,000	6.17%
Mr. Cooper Group Inc	Opened 470,000	$17,268,000	5.85%
Ishares Tr	Closed 85,000	$16,665,000
Apollo Global Mgmt Inc	Opened 300,000	$14,544,000	4.93%
Cnx Res Corp	Closed 1,318,511	$14,240,000
NRG Energy Inc.	Closed 351,466	$13,198,000
Flex Ltd	Closed 700,000	$12,586,000
Delta Air Lines, Inc.	Opened 396,700	$11,492,000	3.89%
Berry Global Group Inc	10.53% 210,000	$11,474,000	3.89%
Fiserv, Inc.	Closed 97,400	$11,090,000
Crown Holdings, Inc.	Opened 120,000	$11,060,000	3.75%
Aercap Holdings Nv	Closed 239,100	$10,898,000
Crown Castle Intl Corp New	Closed 65,000	$10,347,000
Hertz Global Holdings Inc.	Opened 650,000	$10,296,000	3.49%
Teekay Lng Partners L P	Closed 819,780	$9,395,000
Vertiv Holdings Co	Closed 475,000	$8,868,000
KB Home	Opened 300,000	$8,538,000	2.89%
Goldman Sachs Group, Inc.	Opened 26,000	$7,723,000	2.62%
CIT Group Inc.	Closed 199,548	$7,164,000
Freeport-McMoRan Inc	Closed 275,000	$7,156,000
Ashland Inc	Closed 85,016	$6,733,000
Caesars Entertainment Inc Ne	Opened 173,500	$6,645,000	2.25%
Bausch Health Cos Inc	Closed 317,500	$6,604,000
Lithia Mtrs Inc	Opened 24,020	$6,601,000	2.24%
Newmont Corp	Closed 99,000	$5,929,000
Lowes Cos Inc	Closed 35,000	$5,618,000
United Airls Hldgs Inc	Opened 150,000	$5,313,000	1.80%
Devon Energy Corp.	Closed 317,800	$5,024,000
Avis Budget Group Inc	Opened 30,000	$4,412,000	1.50%
Alphabet Inc	33.33% 2,000	$4,375,000	1.48%
Us Foods Hldg Corp	Opened 140,000	$4,295,000	1.46%
Arch Resources Inc	Opened 29,000	$4,150,000	1.41%
Nutrien Ltd	150.00% 50,000	$3,985,000	1.35%
Willscot Mobil Mini Hldng Co	Opened 120,000	$3,890,000	1.32%
XPO Logistics Inc	33.81% 70,000	$3,371,000	1.14%
Oracle Corp.	Opened 45,000	$3,144,000	1.07%
Corteva Inc	Closed 78,114	$3,025,000
Mgic Invt Corp Wis	Opened 220,000	$2,772,000	0.94%
Builders Firstsource Inc	85.51% 50,000	$2,685,000	0.91%
Cf Inds Hldgs Inc	89.64% 30,000	$2,572,000	0.87%
Diamondback Energy Inc	Opened 20,000	$2,423,000	0.82%
Marathon Pete Corp	Closed 55,000	$2,275,000
Activision Blizzard Inc	Opened 23,000	$1,791,000	0.61%
Signet Jewelers Limited	Opened 25,000	$1,337,000	0.45%
Rio Tinto plc	Closed 15,000	$1,128,000
Valero Energy Corp.	Opened 10,000	$1,063,000	0.36%
Gannett Co Inc.	Closed 188,597	$634,000
Global Business Travel Group	Opened 51,826	$327,000	0.11%
No transactions found
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