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Condire Investors, LLC
Ryan Schedler · Hedge Fund · Long/Short Equity
Condire Investors, LLC is a Dallas-based investment management firm established in 2012 by Ryan Schedler and Bradley Shisler. The firm specializes in the global natural resources sector, with a primary focus on precious metals, mining, energy, and related industries. Condire utilizes a fundamental, deep-value approach to identify overlooked opportunities in commodity producers and resource projects across various stages of development. The team combines financial expertise with significant technical backgrounds to perform on-the-ground diligence and rigorous research. Originally affiliated with CPMG, the firm has operated independently since 2021, managing private pooled investment vehicles for institutional clients and high-net-worth investors.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +42.1% |
| YTD return | +38.8% |
| Sharpe ratio | 3.51 |
| Win rate | 86% |
| AUM | $0.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 22, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://www.condireinvestorsllc.com |
Current Holdings
Updated on Sep 22, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CDE | Coeur Mining Inc | 27.6% | +16.5% |
| VAL | Valaris Ltd | 18.7% | +54.8% |
| CHRD | Chord Energy Corp | 12.7% | +37.0% |
| SDRL | Seadrill Limited | 10.4% | +48.7% |
| SBSW | Sibanye Gold Ltd ADR | 9.6% | -0.4% |
| RYAM | Rayonier Advanced Materials | 8.8% | +23.8% |
| TDW | Tidewater Inc | 3.7% | +54.1% |
| CNR | Core Natural Resources, Inc. | 2.7% | +9.6% |
| CDLR | Cadeler A/S | 2.7% | +13.9% |
| NEXM | NexMetals Mining Corp. Common Shares | 1.6% | -38.8% |
| TEN | Tsakos Energy Navigation Ltd | 1.3% | +116.4% |
| MUX | McEwen Mining Inc. | 0.4% | +19.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| May 25, 2026 | SELL | RYAM | 14.3% → 8.8% |
| May 25, 2026 | SELL | TDW | 4.9% → 3.7% |
| May 25, 2026 | SELL | CNR | 4.7% → 2.7% |
| May 25, 2026 | SELL | CDLR | 2.9% → 2.7% |
| May 25, 2026 | SELL | MUX | 0.5% → 0.4% |
Investment Style Analysis
Condire Investors, LLC is widely recognized for employing a Long/Short Equity strategy. As of Sep 22, 2026, the firm oversees approximately $0.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Gold and Oil & Gas Equipment & Services sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending May 25, Condire Investors, LLC made a significant move by reducing the position in RYAM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Condire Investors employs a long/short equity strategy centered on deep-value investments within the broad natural resources sector. The institution's philosophy is rooted in meticulous fundamental research and technical analysis, aiming to generate risk-adjusted returns by targeting commodity producers that are frequently overlooked or misunderstood by the broader market. Their investment process involves extensive on-the-ground diligence of global resource projects, leveraging the team's engineering and geological expertise to assess asset quality and growth potential. By maintaining a concentrated portfolio and focusing on niche segments like precious metals and specialized mining, the firm seeks to capitalize on market inefficiencies and mispriced securities in the resource space.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Condire Investors, LLC.
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Frequently asked questions
How is the simulated portfolio for Condire Investors, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Condire Investors, LLC's largest holding?
As of the latest filing, Condire Investors, LLC's top position is Coeur Mining Inc (CDE), representing 27.6% of the portfolio. This reflects a high-conviction bet by the institution.
What is Condire Investors, LLC's historical performance and risk profile?
Our simulation indicates a total return of +42.1% with a win rate of 86%. Notably, the portfolio maintains a Sharpe Ratio of 3.51, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Condire Investors, LLC primarily invest in?
Condire Investors, LLC has a strong preference for the Gold sector, which makes up 27.6% of their disclosed assets. The portfolio also has exposure to Oil & Gas Equipment & Services, indicating a specific thematic focus.
Is Condire Investors, LLC's portfolio concentrated or diversified?
Condire Investors, LLC runs a highly concentrated portfolio with 12 disclosed positions. The top 3 holdings alone account for 59.0% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Condire Investors, LLC performed in 2026?
Our AI-simulated model portfolio for Condire Investors, LLC tracks a Year-to-Date (YTD) return of +38.8%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Ryan Schedler manage Condire Investors, LLC directly?
Yes, Ryan Schedler serves as the key portfolio manager for Condire Investors, LLC, overseeing the investment strategy and final capital allocation decisions.