13F-HR 1 d668593_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended March 31, 2006 Check here if Amendment: | |; Amendment Number: This Amendment (Check only one): | | is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Cobalt Capital Management, Inc. Address: 237 Park Avenue, Suite 900 New York, New York 10017 13F File Number: 28-04967 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Wayne Cooperman Title: President Phone: (212) 808-3756 Signature, Place and Date of Signing: /s/ Wayne Cooperman New York, New York May 12, 2006 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 78 Form 13F Information Table Value Total: $1,404,773 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1. 28-10571 Cobalt Offshore Fund Limited 2. 28-10572 Cobalt Partners, L.P. ----------------------- ------------------------------------ FORM 13F INFORMATION TABLE COBALT CAPITAL 3/31/2006 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE ADVANCE AUTO PARTS INC COM 00751Y106 13,173 316,350 SH SHARED 1, 2 316,350 AK STL HLDG CORP COM 001547108 3,000 200,000 SH SHARED 1, 2 200,000 ALLEGHENY TECHNOLOGIES INC COM 01741R102 45,310 740,600 SH SHARED 1, 2 740,600 ALLTEL CORP COM 020039103 1,722 26,600 SH SHARED 1, 2 26,600 AMDOCS LTD ORD G02602103 16,061 445,400 SH SHARED 1, 2 445,400 AMERICAN TOWER CORP CLA 029912201 106,340 3,507,249 SH SHARED 1, 2 3,507,249 ARCH COAL INC COM 039380100 12,082 159,103 SH SHARED 1, 2 159,103 ARCHER DANIELS MIDLAND CO COM 039483102 2,356 70,000 SH SHARED 1, 2 70,000 ATLAS AMER INC COM 049167109 98,507 2,060,378 SH SHARED 1, 2 2,060,378 ATLAS PIPELINE PARTNERS LP Unit LP Int 049392103 990 23,400 SH SHARED 1, 2 23,400 BED BATH & BEYOND INC COM 075896100 6,606 172,020 SH SHARED 1, 2 172,020 BOWATER INC COM 102183100 5,866 198,300 SH SHARED 1, 2 198,300 CAREER EDUCATION CORP COM 141665109 3,773 100,000 SH SHARED 1, 2 100,000 CEMEX SA SPON ADR 5 ORD 151290889 27,744 425,000 SH SHARED 1, 2 425,000 CENTEX CORP COM 152312104 2,480 40,000 SH SHARED 1, 2 40,000 CHESAPEAKE CORP COM 165159104 9,423 300,000 SH SHARED 1, 2 300,000 CVS CORP COM 126650100 39,807 1,332,675 SH SHARED 1, 2 1,332,675 DIAMOND OFFSHORE DRILLING IN COM 25271C102 6,265 70,000 SH SHARED 1, 2 70,000 DOBSON COMMUNICATIONS CORP CL A 256069105 1,503 187,399 SH SHARED 1, 2 187,399 E TRADE FINANCIAL CORP COM 269246104 16,809 623,000 SH SHARED 1, 2 623,000 EATON CORP COM 278058102 9,442 129,400 SH SHARED 1, 2 129,400 ENSCO INTL INC COM 26874Q100 36,262 704,800 SH SHARED 1, 2 704,800 EVERGREEN SOLAR INC COM 30033R108 870 56,523 SH SHARED 1, 2 56,523 EXPRESSJET HOLDINGS INC CLA 30218U108 35,018 577,089 SH SHARED 1, 2 577,089 FIRST DATA CORP COM 319963104 11,705 250,000 SH SHARED 1, 2 250,000 FOUNDATION COAL HLDGS INC COM 35039W100 55,983 1,360,800 SH SHARED 1, 2 1,360,800 FREEPORT-MCMORAN COPPER & GO CLB 35671D857 23,260 389,159 SH SHARED 1, 2 389,159 GATX CORP COM 361448103 9,133 221,200 SH SHARED 1, 2 221,200 HALLIBURTON CO COM 406216101 7,302 100,000 SH SHARED 1, 2 100,000 HARRAHS ENTMT INC COM 413619107 7,796 100,000 SH SHARED 1, 2 100,000 HEXCEL CORP NEW COM 428291108 2,197 100,000 SH SHARED 1, 2 100,000 HOME DEPOT INC COM 437076102 6,507 153,840 SH SHARED 1, 2 153,840 HOVNANIAN ENTERPRISES INC CLA 442487203 4,010 91,275 SH SHARED 1, 2 91,275 INGERSOLL-RAND COMPANY LTD CLA G4776G101 7,522 180,000 SH SHARED 1, 2 180,000 INTL PAPER CO COM 460146103 1,729 50,000 SH SHARED 1, 2 50,000 IPSCO INC COM 462622101 16,165 155,300 SH SHARED 1, 2 155,300 KB HOME COM 48666K109 8,792 135,300 SH SHARED 1, 2 135,300 KERR MCGEE CORP COM 492386107 4,774 50,000 SH SHARED 1, 2 50,000 KINDER MORGAN INC KANS COM 49455P101 3,643 39,600 SH SHARED 1, 2 39,600 KNIGHT RIDDER INC COM 499040103 9,482 150,000 SH SHARED 1, 2 150,000 LAMAR ADVERTISING CO CLA 512815101 3,683 70,000 SH SHARED 1, 2 70,000 LENNAR CORP CLA 526057104 60,621 1,003,999 SH SHARED 1, 2 1,003,999 MARTIN MARIETTA MATLS INC COM 573284106 31,103 290,600 SH SHARED 1, 2 290,600 MAVERICK TUBE CORP COM 577914104 9,008 170,000 SH SHARED 1, 2 170,000 MCCLATCHY CO CLA 579489105 2,447 50,100 SH SHARED 1, 2 50,100 MEMC ELECTR MATLS INC COM 552715104 3,692 100,000 SH SHARED 1, 2 100,000 MILLICOM INTL CELLULAR SA SHS NEW L6388F110 942 20,000 SH SHARED 1, 2 20,000 MITTAL STEEL CO NV NY REG SH CL A 60684P101 13,895 368,075 SH SHARED 1, 2 368,075 MOVIE GALLERY INC COM 624581104 1,276 422,667 SH SHARED 1, 2 422,667 NOBLE ENERGY INC COM 655044105 4,055 50,000 SH SHARED 1, 2 50,000 NRG ENERGY INC COM NEW 629377508 2,813 62,200 SH SHARED 1, 2 62,200 OCCIDENTAL PETE CORP DEL COM 674599105 37,060 400,000 SH SHARED 1, 2 400,000 OMNICOM GROUP INC NOTE 6/1 681919AR7 3,330 40,000 SH SHARED 1, 2 40,000 ONEOK INC NEW COM 682680103 6,515 202,000 SH SHARED 1, 2 202,000 PEABODY ENERGY CORP COM 704549104 32,872 652,100 SH SHARED 1, 2 652,100 PHELPS DODGE CORP COM 717265102 33,345 414,065 SH SHARED 1, 2 414,065 PULTE HOMES INC COM 745867101 26,423 687,732 SH SHARED 1, 2 687,732 RESOURCE AMERICA INC CLA 761195205 29,753 1,493,602 SH SHARED 1, 2 1,493,602 RESOURCE CAP CORP COM 76120W302 3,032 220,000 SH SHARED 1, 2 220,000 ROSS STORES INC COM 778296103 584 20,000 SH SHARED 1, 2 20,000 ROWAN COS INC COM 779382100 19,782 450,000 SH SHARED 1, 2 450,000 SEACOR HOLDINGS INC COM 811904101 364 4,600 SH SHARED 1, 2 4,600 STANDARD PAC CORP NEW COM 85375C101 7,077 210,500 SH SHARED 1, 2 210,500 TEEKAY LNG PARTNERS LP PRTNRSP UNITS Y8564M105 3,384 108,300 SH SHARED 1, 2 108,300 TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 30,127 812,694 SH SHARED 1, 2 812,694 TERNIUM SA SPON ADR 880890108 1,418 50,000 SH SHARED 1, 2 50,000 TESORO CORP COM 881609101 20,065 293,600 SH SHARED 1, 2 293,600 TITANIUM METALS CORP COM NEW 888339207 2,428 50,000 SH SHARED 1, 2 50,000 TRANSOCEAN INC ORD G90078109 81,906 1,020,000 SH SHARED 1, 2 1,020,000 TRONOX INC CL A 897051108 171 10,080 SH SHARED 1, 2 10,080 TXU CORP COM 873168108 20,599 460,200 SH SHARED 1, 2 460,200 TYCO INTL LTD NEW COM 902124106 8,752 325,594 SH SHARED 1, 2 325,594 UNITEDHEALTH GROUP INC COM 91324P102 14,339 256,690 SH SHARED 1, 2 256,690 VALERO ENERGY CORP NEW COM 91913Y100 57,752 966,068 SH SHARED 1, 2 966,068 VIACOM INC NEW CLB 92553P201 32,126 828,000 SH SHARED 1, 2 828,000 VULCAN MATLS CO COM 929160109 56,730 654,700 SH SHARED 1, 2 654,700 WALTER INDS INC COM 93317Q105 43,170 648,000 SH SHARED 1, 2 648,000 WELLPOINT INC COM 94973V107 16,725 216,000 SH SHARED 1, 2 216,000 COLUMN TOTALS 1,404,773 SK 01181 0005 668593