BCM
Brigade Capital Management Portfolio holdings
AUM
$534M
Turnover
56.52%
1-Year Est. Return
44.37%
This Fund
S&P 500
This Quarter
Est. Return
+15.64%
1 Year Est. Return
+44.37%
3 Year Est. Return
+42.69%
5 Year Est. Return
+65.06%
10 Year Est. Return
+332.77%
AUM
$534M
AUM Growth
-$272M
(-34%)
Cap. Flow
-$71.6M
Cap. Flow
% of AUM
-13.41%
Top 10 Holdings %
Top 10 Hldgs %
97.45%
Holding
23
New
5
Increased
3
Reduced
3
Closed
8
Avg Time Held Equity + Options
1.7
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
1.7
years
Avg Time Held Equity only
2
years
Top 10 Avg Time Held Equity only
1.8
years
Top 20 Avg Time Held Equity only
2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Embecta
EMBC
|
+$8.27M |
| 2 |
Vistra
VST
|
+$7.94M |
| 3 |
Lumexa Imaging Holdings
LMRI
|
+$6.08M |
| 4 |
United Airlines
UAL
|
+$5.58M |
| 5 |
Expand Energy Corp
EXE
|
+$2.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lumen Technologies, Inc. Common Stock
LUMN
|
+$11.4M |
| 2 |
Ecovyst
ECVT
|
+$10.5M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$9.75M |
| 4 |
Nomad Foods
NOMD
|
+$8.41M |
| 5 |
Lantheus
LNTH
|
+$3.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 83.88% |
| 2 | Healthcare | 9.16% |
| 3 | Energy | 1.81% |
| 4 | Utilities | 1.52% |
| 5 | Financials | 1.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$49B
| $259M | 48.52% |
3,000,000
+950,000
| +46% | +$81.6M |
2026 Q1
1 quarter
|
|
2
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $90.1M | 16.87% |
+300,000
| New | +$84.3M |
2026 Q2
0 quarters
|
|
|
3
Lantheus
LNTH
$6.53B
| $36.5M | 6.83% |
328,745
-35,000
| -10% | -$3.26M |
2025 Q2
4 quarters
|
|
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $32M | 5.99% |
400,000
-2,000,000
| -83% | -$160M |
2026 Q1
1 quarter
|
|
|
5
Expand Energy Corp
EXE
$21.1B
| $9.65M | 1.81% |
105,871
+28,751
| +37% | +$2.73M |
2024 Q3
7 quarters
|
|
|
6
Vistra
VST
$50.9B
| $8.12M | 1.52% |
+51,200
| New | +$7.94M |
2026 Q2
0 quarters
|
|
7
Finance of America Companies
FOA
$103M
| $7.72M | 1.44% |
280,476
+123,476
| +79% | +$2.52M |
2024 Q4
6 quarters
|
|
|
8
Lumexa Imaging Holdings
LMRI
$1.01B
| $7.51M | 1.41% |
+665,900
| New | +$6.08M |
2026 Q2
0 quarters
|
|
|
9
United Airlines
UAL
$32.1B
| $7.32M | 1.37% |
+53,850
| New | +$5.58M |
2026 Q2
0 quarters
|
|
|
10
Embecta
EMBC
$350M
| $4.94M | 0.93% |
+1,516,453
| New | +$8.27M |
2026 Q2
0 quarters
|
|
|
11
Lumen Technologies, Inc. Common Stock
LUMN
$4.69B
| $4.22M | 0.79% |
550,000
-1,300,000
| -70% | -$11.4M |
2025 Q2
4 quarters
|
|
12
Century Casinos
CNTY
$23.7M
| $150K | 0.03% |
117,549
| – | – |
2026 Q1
1 quarter
|
|
|
13
Ecovyst
ECVT
$1.09B
| – | – |
-817,255
| Closed | -$10.5M | – |
|
|
14
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| – | – |
-1,200,000
| Closed | -$95.5M | – |
|
|
15
CALL
iShares Russell 2000 ETF
IWM
$76.4B
| – | – |
-305,000
| Closed | -$75.6M | – |
|
|
16
CALL
Lantheus
LNTH
$6.53B
| – | – |
-100,000
| Closed | -$7.58M | – |
|
17
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.2B
| – | – |
-1,000,000
| Closed | -$109M | – |
|
|
18
Nomad Foods
NOMD
$1.58B
| – | – |
-875,000
| Closed | -$8.41M | – |
|
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| – | – |
-15,000
| Closed | -$9.75M | – |
|
20
PUT
CoreWeave
CRWV
$36.3B
| – | – |
-100,000
| Closed | -$7.75M | – |
|
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Brigade Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Brigade Capital Management held 23 positions worth $534M, down 34% from $806M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Brigade Capital Management withdrew a net $71.6M in Q2 2026, closing 8 positions and reducing 3 holdings. Its most notable exit was Ecovyst, an estimated $10.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 84% of assets, down from 91% a quarter earlier, followed by Healthcare and Energy.
Against the trend, Brigade Capital Management opened a new position in Embecta worth $4.94M.
- Brigade Capital Management's largest Q2 2026 buy was Embecta: 1,516,453 shares worth $4.94M.
- Brigade Capital Management added most to Expand Energy Corp in Q2 2026, an estimated $2.73M increase.
- Brigade Capital Management's biggest Q2 2026 reduction was Lumen Technologies, Inc. Common Stock, cutting an estimated $11.4M.
- Brigade Capital Management fully exited Ecovyst in Q2 2026, selling an estimated $10.5M.
- Brigade Capital Management's ten largest holdings make up 97% of its $534M portfolio in Q2 2026.
- Brigade Capital Management opened 5 new positions and closed 8 in Q2 2026.
- Brigade Capital Management's portfolio value fell 34% quarter-over-quarter to $534M.
Based on Brigade Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.