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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
-18.23%
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
$814M
AUM Growth
-$972M
Cap. Flow
-$365M
Cap. Flow %
-44.85%
Top 10 Hldgs %
56.62%
Holding
65
New
14
Increased
13
Reduced
8
Closed
22

Top Buys

Rank Stock Value
1
AXLL
AXIALL CORP COM STK (DE)
AXLL
+$41.5M
2
UAL icon
United Airlines
UAL
+$23.4M
3
PPG icon
PPG Industries
PPG
+$14.2M
4
NSM
Nationstar Mortgage Holdings
NSM
+$13.3M
5
FOE
Ferro Corporation
FOE
+$12.2M

Top Sells

Rank Stock Value
1
ALLY icon
Ally Financial
ALLY
+$30.4M
2
AGN
Allergan plc
AGN
+$27.5M
3
FANG icon
Diamondback Energy
FANG
+$24.4M
4
VER
VEREIT, Inc.
VER
+$17.8M
5
GLNG icon
Golar LNG
GLNG
+$15.6M

Sector Composition

Rank Sector Weight
1 Materials 10.06%
2 Consumer Discretionary 7.59%
3 Energy 7.44%
4 Healthcare 3.8%
5 Industrials 3.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SVU
26
DELISTED
SUPERVALU Inc.
SVU
$9.24M 1.14%
+183,785
New +$10.6M
MIC
27
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$8.96M 1.1%
120,000
-156,690
-57% -$12.5M
CHK
28
PUT
DELISTED
Chesapeake Energy Corporation
CHK
$7.75M 0.95%
53
-47
-47% -$79.8K
CCO icon
29
Clear Channel Outdoor Holdings
CCO
$1.22B
$7.13M 0.88%
1,000,000
– –
OCLR
30
DELISTED
Oclaro Inc.
OCLR
$6.9M 0.85%
3,000,000
– –
HUN icon
31
Huntsman Corp
HUN
$2.1B
$5.81M 0.71%
+600,000
New +$10.3M
BONT
32
DELISTED
Bon-Ton Stores Inc/The
BONT
$5.61M 0.69%
1,785,000
– –
WIN
33
DELISTED
Windstream Holdings Inc
WIN
$4.45M 0.55%
+145,000
New +$4.52M
VALE icon
34
PUT
Vale
VALE
$62.3B
$4.2M 0.52%
+10,000
New +$51.1K
KSS icon
35
Kohl's
KSS
$2.16B
$3.47M 0.43%
75,000
– –
EGLE
36
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$2.91M 0.36%
3,500
-1,712
-33% -$1.79M
AKS
37
CALL
DELISTED
AK Steel Holding Corp
AKS
$2.65M 0.33%
11,000
– –
TECK icon
38
CALL
Teck Resources
TECK
$28.2B
$2.64M 0.32%
+5,500
New +$39K
UONEK icon
39
Urban One Class D
UONEK
$22.4M
$2.63M 0.32%
123,725
– –
KS
40
DELISTED
KapStone Paper and Pack Corp.
KS
$1.39M 0.17%
84,000
-41,000
-33% -$896K
DYN
41
PUT
DELISTED
Dynegy, Inc.
DYN
$930K 0.11%
+450
New +$11.4K
ALLY icon
42
Ally Financial
ALLY
$13.1B
– –
-1,356,812
Closed -$30.4M
CZR icon
43
Caesars Entertainment
CZR
$6.06B
– –
-361,167
Closed -$2.82M
DE icon
44
CALL
Deere & Co
DE
$165B
– –
-3,000
Closed -$29.1M
DXJ icon
45
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.07B
– –
-6,000
Closed -$34.3M
FANG icon
46
Diamondback Energy
FANG
$56B
– –
-324,000
Closed -$24.4M
FCX icon
47
PUT
Freeport-McMoran
FCX
$86.2B
– –
-5,500
Closed -$10.2M
GLNG icon
48
Golar LNG
GLNG
$4.82B
– –
-334,054
Closed -$15.6M
GM icon
49
General Motors
GM
$80.9B
– –
-60,000
Closed -$2M
GPK icon
50
CALL
Graphic Packaging
GPK
$3.35B
– –
-12,300
Closed -$17.1M
1
2
3

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OC
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RIM
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GCM
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DWA
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CL
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AF
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OWA
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BDWCC
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Brigade Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Brigade Capital Management held 65 positions worth $814M, down 54% from $1.79B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Brigade Capital Management withdrew a net $365M in Q3 2015, closing 22 positions and reducing 8 holdings. Its most notable exit was Ally Financial, an estimated $30.4M position sold in full.

By sector, the portfolio is most concentrated in Materials at 10% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Brigade Capital Management opened a new position in United Airlines worth $22M.

  • Brigade Capital Management's largest Q3 2015 buy was United Airlines: 415,000 shares worth $22M.
  • Brigade Capital Management added most to AXIALL CORP COM STK (DE) in Q3 2015, an estimated $41.5M increase.
  • Brigade Capital Management's biggest Q3 2015 reduction was Macquarie Infrastructure Holdings, LLC, cutting an estimated $12.5M.
  • Brigade Capital Management fully exited Ally Financial in Q3 2015, selling an estimated $30.4M.
  • Brigade Capital Management's ten largest holdings make up 57% of its $814M portfolio in Q3 2015.
  • Brigade Capital Management opened 14 new positions and closed 22 in Q3 2015.
  • Brigade Capital Management's portfolio value fell 54% quarter-over-quarter to $814M.

Based on Brigade Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.