Brigade Capital Management’s iShares iBoxx $ Investment Grade Corporate Bond ETF LQD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,000,000	Closed	-$223M	–	23
2025 Q3	$223M	Hold	2,000,000	–	–	27.35%	1
2025 Q2	$219M	Buy	2,000,000 +200,000	+11%	+$21.5M	50.3%	1
2025 Q1	$196M	Buy	1,800,000 +300,000	+20%	+$32.3M	24.52%	3
2024 Q4	$160M	Buy	+1,500,000	New	+$164M	48.43%	1
2024 Q1	–	Sell	-3,700,000	Closed	-$409M	–	27
2023 Q4	$409M	Buy	+3,700,000	New	+$385M	14.76%	3
2023 Q3	–	Sell	-1,000,000	Closed	-$108M	–	23
2023 Q2	$108M	Sell	1,000,000 -1,500,000	-60%	-$162M	48.91%	1
2023 Q1	$274M	Buy	+2,500,000	New	+$271M	29.81%	2
2022 Q2	–	Sell	-325,000	Closed	-$39.3M	–	35
2022 Q1	$39.3M	Sell	325,000 -1,175,000	-78%	-$147M	5.23%	6
2021 Q4	$199M	Buy	+1,500,000	New	+$199M	22.73%	1
2021 Q3	–	Sell	-500,000	Closed	-$67.2M	–	56
2021 Q2	$67.2M	Buy	+500,000	New	+$65.9M	4.03%	9
2021 Q1	–	Sell	-2,000,000	Closed	-$276M	–	75
2020 Q4	$276M	Buy	+2,000,000	New	+$272M	15.96%	2