Filed: 2/17/2026ACC: 0000919574-26-001158
📋 What this filing means
COBALT CAPITAL MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 28 equity positions with a total reported market value of $225.93M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
28
Positions
$225.93M
Total AUM (reported)
3.84M
Total Shares
Allocation by class
COM$137.13M60.7%
GOLD SHS$29.72M13.2%
CL A$28.90M12.8%
COM CL A$10.46M4.6%
CHINA LG-CAP ETF$5.74M2.5%
COM NEW$5.70M2.5%
COM SHS$3.87M1.7%
Portfolio Concentration
Top 3$87.50M38.7%
4–10$88.98M39.4%
11–25$48.58M21.5%
Rest$871.1K0.4%
Top 3 weight
38.7%
Top 10 weight
78.1%
Voting Authority Distribution
Total shares with voting rights: 3.84M
Sole
Full voting authority
3.84M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other28
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings28
Rows:
SPDR GOLD TR
DFNDShares75K
TypeSH
Market value$29.72M
13.16%
Sole
75K
Shared
0.00
None
0.00
AIR LEASE CORP
DFNDShares450K
TypeSH
Market value$28.90M
12.79%
Sole
450K
Shared
0.00
None
0.00
NORFOLK SOUTHN CORP
DFNDShares100K
TypeSH
Market value$28.87M
12.78%
Sole
100K
Shared
0.00
None
0.00
APOLLO GLOBAL MGMT INC
DFNDShares160K
TypeSH
Market value$23.16M
10.25%
Sole
160K
Shared
0.00
None
0.00
EXPAND ENERGY CORPORATION
DFNDShares120K
TypeSH
Market value$13.24M
5.86%
Sole
120K
Shared
0.00
None
0.00
ALASKA AIR GROUP INC
DFNDShares260K
TypeSH
Market value$13.08M
5.79%
Sole
260K
Shared
0.00
None
0.00
APPLIED MATLS INC
DFNDShares41K
TypeSH
Market value$10.54M
4.66%
Sole
41K
Shared
0.00
None
0.00
BLUE OWL CAPITAL INC
DFNDShares700.09K
TypeSH
Market value$10.46M
4.63%
Sole
700.09K
Shared
0.00
None
0.00
HUMANA INC
DFNDShares40K
TypeSH
Market value$10.25M
4.53%
Sole
40K
Shared
0.00
None
0.00
THE CIGNA GROUP
DFNDShares30K
TypeSH
Market value$8.26M
3.65%
Sole
30K
Shared
0.00
None
0.00
MARATHON PETE CORP
DFNDShares40K
TypeSH
Market value$6.51M
2.88%
Sole
40K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares150K
TypeSH
Market value$5.74M
2.54%
Sole
150K
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
DFNDShares50K
TypeSH
Market value$5.59M
2.47%
Sole
50K
Shared
0.00
None
0.00
TOLL BROTHERS INC
DFNDShares40K
TypeSH
Market value$5.41M
2.39%
Sole
40K
Shared
0.00
None
0.00
VISTRA CORP
DFNDShares30K
TypeSH
Market value$4.84M
2.14%
Sole
30K
Shared
0.00
None
0.00
TEVA PHARMACEUTICAL INDS LTD
DFNDShares118.20K
TypeSH
Market value$3.69M
1.63%
Sole
118.20K
Shared
0.00
None
0.00
VIASAT INC
DFNDShares100K
TypeSH
Market value$3.45M
1.53%
Sole
100K
Shared
0.00
None
0.00
HERTZ GLOBAL HLDGS INC
DFNDShares624.90K
TypeSH
Market value$3.21M
1.42%
Sole
624.90K
Shared
0.00
None
0.00
SABLE OFFSHORE CORP
DFNDShares260K
TypeSH
Market value$2.35M
1.04%
Sole
260K
Shared
0.00
None
0.00
CITIGROUP INC
DFNDShares20K
TypeSH
Market value$2.33M
1.03%
Sole
20K
Shared
0.00
None
0.00
MOLINA HEALTHCARE INC
DFNDShares10K
TypeSH
Market value$1.74M
0.77%
Sole
10K
Shared
0.00
None
0.00
APTIV PLC
DFNDShares20K
TypeSH
Market value$1.52M
0.67%
Sole
20K
Shared
0.00
None
0.00
CROWN HLDGS INC
DFNDShares10K
TypeSH
Market value$1.03M
0.46%
Sole
10K
Shared
0.00
None
0.00
BLUE OWL CAPITAL CORPORATION
DFNDShares60.19K
TypeSH
Market value$748.2K
0.33%
Sole
60.19K
Shared
0.00
None
0.00
BROOKDALE SR LIVING INC
DFNDShares40K
TypeSH
Market value$431.6K
0.19%
Sole
40K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR GOLD TRDFND | GOLD SHS | 75K | SH | $29.72M 13.16% | 75K | 0.00 | 0.00 |
AIR LEASE CORPDFND | CL A | 450K | SH | $28.90M 12.79% | 450K | 0.00 | 0.00 |
NORFOLK SOUTHN CORPDFND | COM | 100K | SH | $28.87M 12.78% | 100K | 0.00 | 0.00 |
APOLLO GLOBAL MGMT INCDFND | COM | 160K | SH | $23.16M 10.25% | 160K | 0.00 | 0.00 |
EXPAND ENERGY CORPORATIONDFND | COM | 120K | SH | $13.24M 5.86% | 120K | 0.00 | 0.00 |
ALASKA AIR GROUP INCDFND | COM | 260K | SH | $13.08M 5.79% | 260K | 0.00 | 0.00 |
APPLIED MATLS INCDFND | COM | 41K | SH | $10.54M 4.66% | 41K | 0.00 | 0.00 |
BLUE OWL CAPITAL INCDFND | COM CL A | 700.09K | SH | $10.46M 4.63% | 700.09K | 0.00 | 0.00 |
HUMANA INCDFND | COM | 40K | SH | $10.25M 4.53% | 40K | 0.00 | 0.00 |
THE CIGNA GROUPDFND | COM | 30K | SH | $8.26M 3.65% | 30K | 0.00 | 0.00 |
MARATHON PETE CORPDFND | COM | 40K | SH | $6.51M 2.88% | 40K | 0.00 | 0.00 |
ISHARES TRDFND | CHINA LG-CAP ETF | 150K | SH | $5.74M 2.54% | 150K | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCDFND | COM | 50K | SH | $5.59M 2.47% | 50K | 0.00 | 0.00 |
TOLL BROTHERS INCDFND | COM | 40K | SH | $5.41M 2.39% | 40K | 0.00 | 0.00 |
VISTRA CORPDFND | COM | 30K | SH | $4.84M 2.14% | 30K | 0.00 | 0.00 |
TEVA PHARMACEUTICAL INDS LTDDFND | SPONSORED ADS | 118.20K | SH | $3.69M 1.63% | 118.20K | 0.00 | 0.00 |
VIASAT INCDFND | COM | 100K | SH | $3.45M 1.53% | 100K | 0.00 | 0.00 |
HERTZ GLOBAL HLDGS INCDFND | COM NEW | 624.90K | SH | $3.21M 1.42% | 624.90K | 0.00 | 0.00 |
SABLE OFFSHORE CORPDFND | COM SHS | 260K | SH | $2.35M 1.04% | 260K | 0.00 | 0.00 |
CITIGROUP INCDFND | COM NEW | 20K | SH | $2.33M 1.03% | 20K | 0.00 | 0.00 |
MOLINA HEALTHCARE INCDFND | COM | 10K | SH | $1.74M 0.77% | 10K | 0.00 | 0.00 |
APTIV PLCDFND | COM SHS | 20K | SH | $1.52M 0.67% | 20K | 0.00 | 0.00 |
CROWN HLDGS INCDFND | COM | 10K | SH | $1.03M 0.46% | 10K | 0.00 | 0.00 |
BLUE OWL CAPITAL CORPORATIONDFND | COM | 60.19K | SH | $748.2K 0.33% | 60.19K | 0.00 | 0.00 |
BROOKDALE SR LIVING INCDFND | COM | 40K | SH | $431.6K 0.19% | 40K | 0.00 | 0.00 |
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