13F-HR 1 d505157_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 June 30, 2004 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: 28-4967 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 August 12, 2004 ----------------------- -------------------------- ---------------------- [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: No. Form 13F File Number Name None None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 72 Form 13F Information Table Value Total: $1,015,713 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. 1. 28-10571 Cobalt Offshore Fund Limited 2. 28-10572 Cobalt Partners, L.P. ----------------------- --------------------------------- FORM 13F Name of Reporting Manager: Cobalt Capital As of: 6/30/2004

Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: Investment Discretion Voting Authority (Shares) Mgrs Shares or (b) Shared - (c) See Title CUSIP Fair Principal (a) As Defined Shared- Instr. (a) (b) (c) Name of Issuer of Class NUMBER Market Amount Sole See Instr. V Other V Sole Shared None -------------- -------- ------- ------ --------- ---- ------------ ----- ---- ---- ------ ---- Alliance Atlantis Comunicat CL B 01853E204 11,228 610,200 X 1 X American Eqty Life Hld Com 025676206 4,354 437,600 X 1 X American Capital Strategies Com 024937104 2,802 100,000 X 1 X AES Corp Com 00130H105 5,958 600,000 X 1 X Alamosa Holdings Inc Com 011589108 1,771 240,969 X 1 X Affliated Managers Group Com 008252108 23,918 474,850 X 1 X American Tower Corp Com 029912201 14,085 926,641 X 1 X Amphenol Corp Com 032095101 14,211 426,500 X 1 X Administaff Inc Com 007094105 657 39,600 X 1 X Anthem Inc Com 03674B104 86,327 963,900 X 1 X Atlas Amer Inc Com 049167109 261 12,954 X 1 X Atmos Energy Corp Com 049560105 512 20,000 X 1 X Arch Wireless Inc CL A 039392709 15,199 533,470 X 1 X Banc of America Corp Com 060505104 34,694 410,000 X 1 X Ball Corp Com 058498106 29,922 415,300 X 1 X Burlington Res Inc Com 122014103 16,798 464,282 X 1 X Computer Assoc Inc Com 204912109 2,105 75,000 X 1 X CSK Auto Corp Com 125965103 34,376 2,005,600 X 1 X CIT Group Inc Com 125581108 21,201 553,700 X 1 X Caremark RX Inc Com 141705103 4,699 142,657 X 1 X Corinthian Colleges Inc Com 218868107 2,598 105,000 X 1 X Corrections Corp Amer New Com 22025Y407 12,732 322,400 X 1 X Dillards Inc CL A 254067101 669 30,000 X 1 X Extreme Networks Inc Com 30226D106 508 92,000 X 1 X Freeport McMoran Copper & Go CL B 35671D857 36,471 1,100,180 X 1 X First Health Group Corp Com 320960107 937 60,000 X 1 X Sprint Corp Com 852061100 18,216 1,035,000 X 1 X Fox Entmt Group Inc CL A 35138T107 13,470 504,500 X 1 X Fisher Scientific Intl Inc Com 338032204 8,264 143,100 X 1 X Gatx Corp Com 361448103 6,017 221,200 X 1 X Goldman Sachs Group Inc Com 38141G104 19,774 210,000 X 1 X Goodyear Tire & Rubber Co Com 382550101 5,374 591,200 X 1 X HCA Inc Com 404119109 4,159 100,000 X 1 X Hutchinson Technology Inc Com 448407106 1,230 50,000 X 1 X Kinder Morgan Inc Kans Com 49455P101 25,140 424,009 X 1 X Louisianna Pac Corp Com 546347105 9,124 385,773 X 1 X Manpower Inc Com 56418H100 15,485 305,000 X 1 X McDermott Intl Inc Com 580037109 102 10,000 X 1 X Multimedia Games Inc Com 625453105 300 11,200 X 1 X Massey Energy Corp Com 576206106 29,045 1,029,600 X 1 X Molex Inc CL A 608554200 4,580 167,876 X 1 X Microsoft Corp Com 594918104 5,712 200,000 X 1 X Nabors Industries Ltd Com G6359F103 10,514 232,500 X 1 X NBTY Inc Com 628782104 1,176 40,000 X 1 X NRG Energy Inc Com 629377508 2,976 120,000 X 1 X Netgear Inc Com 64111Q104 947 88,055 X 1 X NTL Inc Del Com 62940M104 8,904 154,536 X 1 X Novellus Systems Inc Com 670008101 9,753 310,200 X 1 X News Corp Ltd SP ADR PFD 652487802 13,764 418,600 X 1 X New York Cmnty Bancorp Inc Com 649445103 982 50,000 X 1 X Omnicare Inc Com 681904108 2,141 50,000 X 1 X Pinnacle Sys Inc Com 723481107 501 70,000 X 1 X Pulte Homes Inc Com 745867101 116,184 2,233,028 X 1 X Pacificare Health Sys Del Com 695112102 14,787 382,500 X 1 X Posco Sponsored ADR 693483109 5,566 166,100 X 1 X Resource America Inc CL A 761195205 33,940 1,438,118 X 1 X Regal Entmt Group CL A 758766109 18,152 1,002,850 X 1 X Transocean Inc Ord G90078109 1,447 50,000 X 1 X Rayonier Inc Com 754907103 3,958 89,048 X 1 X Synopsis Inc Com 871607107 5,117 180,000 X 1 X Standard Pac Corp New Com 85375C101 37,986 770,508 X 1 X Spectrasite Inc Com 84761M104 66,438 1,537,200 X 1 X Service Corp Intl Com 817565104 1,368 185,600 X 1 X Tivo Inc Com 888706108 709 100,000 X 1 X Talisman Energy Inc Com 87425E103 33,034 1,519,500 X 1 X Triquint Semiconductor Inc Com 89674K103 1,848 338,520 X 1 X TXU Corp Com 873168108 405 10,000 X 1 X Tyco Intl Ltd New Com 902124106 6,628 200,000 X 1 X Valero Energy Corp Com 91913Y100 66,775 905,300 X 1 X Washington Group Intl Inc Com 938862208 1,436 40,000 X 1 X Winn-Dixie Stores Inc Com 974280109 72 10,000 X 1 X Western Wireless Corp CL A 95988E204 3,220 111,393 X 1 X COLUMN TOTALS 1,015,713

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