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BCM
Brigade Capital Management Portfolio holdings
AUM
$806M
1-Year Est. Return
20.71%
This Fund
S&P 500
This Quarter
Est. Return
+3.22%
1 Year Est. Return
+20.71%
3 Year Est. Return
+18.45%
5 Year Est. Return
+61.31%
10 Year Est. Return
+315.26%
AUM
$1.72B
AUM Growth
-$620M
(-27%)
Cap. Flow
-$1.64B
Cap. Flow
% of AUM
-95.56%
Top 10 Holdings %
Top 10 Hldgs %
61.99%
Holding
81
New
12
Increased
9
Reduced
21
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EGLE
Eagle Bulk Shipping Inc.
EGLE
|
+$29.2M |
| 2 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$19.9M |
| 3 |
Enpro
NPO
|
+$18.9M |
| 4 |
Transocean
RIG
|
+$18.7M |
| 5 |
American Airlines Group
AAL
|
+$9.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SEMG
SEMGROUP CORPORATION
SEMG
|
+$34.7M |
| 2 |
Williams Companies
WMB
|
+$24.7M |
| 3 |
Cooper-Standard Automotive
CPS
|
+$18M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$16.1M |
| 5 |
KW
Kennedy-Wilson Holdings
KW
|
+$15.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 5.38% |
| 2 | Consumer Discretionary | 4.94% |
| 3 | Consumer Staples | 4.01% |
| 4 | Industrials | 3.47% |
| 5 | Financials | 3.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Royal Bank of Canada
RY
$287B
| $17.5M | 1.02% |
+2,534
| New | +$179K |
|
27
MGIC Investment
MTG
$6.47B
| $16.8M | 0.98% |
1,800,000
-600,000
| -25% | -$5.27M |
|
|
KND
28
DELISTED
Kindred Healthcare
KND
| $16.4M | 0.95% |
900,000
+300,000
| +50% | +$5.94M |
|
|
29
Transocean
RIG
$5.48B
| $13.7M | 0.8% |
+750,000
| New | +$18.7M |
|
30
Bausch Health
BHC
$1.75B
| $12.9M | 0.75% |
90,000
| – | – |
|
|
ORIG
31
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $11.7M | 0.68% |
137
-96
| -41% | -$10.8M |
|
|
32
American Airlines Group
AAL
$9.82B
| $11.3M | 0.66% |
+210,000
| New | +$9.05M |
|
33
CALL
Cheniere Energy
LNG
$54.2B
| $10.6M | 0.62% |
+1,500
| New | +$106K |
|
34
PUT
Vale
VALE
$62.3B
| $9.82M | 0.57% |
+12,000
| New | +$112K |
|
|
BERY
35
CALL
DELISTED
Berry Global Group, Inc.
BERY
| $9.46M | 0.55% |
+3,267
| New | +$81.8K |
|
|
OCLR
36
DELISTED
Oclaro Inc.
OCLR
| $9.35M | 0.54% |
5,250,000
+1,250,000
| +31% | +$2.1M |
|
37
CALL
Wynn Resorts
WYNN
$10.3B
| $8.93M | 0.52% |
+600
| New | +$103K |
|
38
Caesars Entertainment
CZR
$6.06B
| $8.31M | 0.48% |
2,052,228
| – | – |
|
39
Golar LNG
GLNG
$4.82B
| $7.62M | 0.44% |
209,054
-250,000
| -54% | -$11.9M |
|
40
CALL
Petrobras
PBR
$120B
| $7.3M | 0.43% |
+10,000
| New | +$108K |
|
41
DHT Holdings
DHT
$2.99B
| $7.11M | 0.41% |
+972,500
| New | +$6.16M |
|
|
AKS
42
CALL
DELISTED
AK Steel Holding Corp
AKS
| $6.53M | 0.38% |
+11,000
| New | +$69.2K |
|
|
DYN
43
CALL
DELISTED
Dynegy, Inc.
DYN
| $6.34M | 0.37% |
2,090
-206,910
| -99% | -$6.39M |
|
|
TEN
44
Tsakos Energy Navigation Ltd
TEN
$1.19B
| $6.15M | 0.36% |
+176,300
| New | +$5.84M |
|
|
45
Cheniere Energy
LNG
$54.2B
| $5.62M | 0.33% |
79,800
-200
| -0.3% | -$14.1K |
|
46
CALL
United Airlines
UAL
$38.8B
| $4.82M | 0.28% |
720
-471,280
| -100% | -$26.1M |
|
|
KS
47
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.66M | 0.21% |
125,000
| – | – |
|
|
EOX
48
DELISTED
EMERALD OIL INC (MT)
EOX
| $2.64M | 0.15% |
110,000
+10,000
| +10% | +$543K |
|
49
CALL
Civeo
CVEO
$356M
| $1.11M | 0.06% |
226
-22,357
| -99% | -$2.78M |
|
|
WLT
50
CALL
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $690K | 0.04% |
5,000
-1,695,000
| -100% | -$3.72M |
|
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Brigade Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Brigade Capital Management held 81 positions worth $1.72B, down 27% from $2.34B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Brigade Capital Management withdrew a net $1.64B in Q4 2014, closing 28 positions and reducing 21 holdings. Its most notable exit was SEMGROUP CORPORATION, an estimated $34.7M position sold in full.
By sector, the portfolio is most concentrated in Energy at 5.4% of assets, down from 8.2% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Brigade Capital Management opened a new position in Enpro worth $18.8M.
- Brigade Capital Management's largest Q4 2014 buy was Enpro: 300,000 shares worth $18.8M.
- Brigade Capital Management added most to Eagle Bulk Shipping Inc. in Q4 2014, an estimated $29.2M increase.
- Brigade Capital Management's biggest Q4 2014 reduction was ENLINK MIDSTREAM, LLC, cutting an estimated $13.9M.
- Brigade Capital Management fully exited SEMGROUP CORPORATION in Q4 2014, selling an estimated $34.7M.
- Brigade Capital Management's ten largest holdings make up 62% of its $1.72B portfolio in Q4 2014.
- Brigade Capital Management opened 12 new positions and closed 28 in Q4 2014.
- Brigade Capital Management's portfolio value fell 27% quarter-over-quarter to $1.72B.
Based on Brigade Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.