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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
+4.08%
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
$1.37B
AUM Growth
-$294M
Cap. Flow
-$416M
Cap. Flow %
-30.26%
Top 10 Hldgs %
40.39%
Holding
71
New
16
Increased
17
Reduced
12
Closed
15

Top Buys

Rank Stock Value
1
GM icon
General Motors
GM
+$53.5M
2
LEAP
LEAP WIRELESS INTERNATIONAL INC NEW
LEAP
+$33.7M
3
WMB icon
Williams Companies
WMB
+$22.9M
4
LYB icon
LyondellBasell Industries
LYB
+$21M
5
MX icon
Magnachip Semiconductor
MX
+$21M

Top Sells

Rank Stock Value
1
FST
FOREST OIL CORPORATION
FST
+$26.6M
2
ALK icon
Alaska Air
ALK
+$24.9M
3
UHS icon
Universal Health Services
UHS
+$20.3M
4
MEOH icon
Methanex
MEOH
+$18.9M
5
HUN icon
Huntsman Corp
HUN
+$17.2M

Sector Composition

Rank Sector Weight
1 Energy 17.35%
2 Consumer Discretionary 9.44%
3 Materials 3.95%
4 Technology 3.85%
5 Utilities 3.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GM icon
51
CALL
General Motors
GM
$80.4B
$1.55M 0.11%
45,000
-1,815,000
-98% -$66.7M
AIR icon
52
CALL
AAR Corp
AIR
$5.59B
– –
-277,700
Closed -$7.78M
ALK icon
53
Alaska Air
ALK
$5.29B
– –
-600,000
Closed -$24.9M
HUN icon
54
Huntsman Corp
HUN
$1.71B
– –
-700,000
Closed -$17.2M
LNG icon
55
CALL
Cheniere Energy
LNG
$55.2B
– –
-1,600,000
Closed -$69M
MEOH icon
56
Methanex
MEOH
$4.3B
– –
-300,000
Closed -$18.9M
QQQ icon
57
PUT
Invesco QQQ Trust
QQQ
$453B
– –
-3,000,000
Closed -$264M
UHS icon
58
Universal Health Services
UHS
$10.2B
– –
-250,000
Closed -$20.3M
SRC
59
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
– –
-351,225
Closed -$15.5M
ORIG
60
CALL
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
– –
-54
Closed -$9.63M
WLT
61
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
– –
-1,397,100
Closed -$15.4M
FST
62
CALL
DELISTED
FOREST OIL CORPORATION
FST
– –
-1,000,000
Closed -$3.61M
FST
63
DELISTED
FOREST OIL CORPORATION
FST
– –
-7,355,000
Closed -$26.6M
EXXI
64
CALL
DELISTED
ENERGY XXI LTD COM SHS
EXXI
– –
-450,000
Closed -$12.2M
EXXI
65
DELISTED
ENERGY XXI LTD COM SHS
EXXI
– –
-429,000
Closed -$11.6M
FCH
66
DELISTED
Felcor Lodging Trust
FCH
– –
-1,850,000
Closed -$15.1M
1 2
3

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OC
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RIM
Redwood Investment Management Scottsdale, Arizona $805M AUM 15.01% 1-Year Est. Return
GCM
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DWA
Dorsey Wright & Associates Pasadena, California $807M AUM 65.46% 1-Year Est. Return
CL
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AF
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OWA
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ACM
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Brigade Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Brigade Capital Management held 71 positions worth $1.37B, down 18% from $1.67B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Brigade Capital Management withdrew a net $416M in Q1 2014, closing 15 positions and reducing 12 holdings. Its most notable exit was FOREST OIL CORPORATION, an estimated $26.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 17% of assets, up from 12% a quarter earlier, followed by Consumer Discretionary and Materials.

Against the trend, Brigade Capital Management opened a new position in LEAP WIRELESS INTERNATIONAL INC NEW worth $4.33M.

  • Brigade Capital Management's largest Q1 2014 buy was LEAP WIRELESS INTERNATIONAL INC NEW: 1,925,604 shares worth $4.33M.
  • Brigade Capital Management added most to General Motors in Q1 2014, an estimated $53.5M increase.
  • Brigade Capital Management's biggest Q1 2014 reduction was NRG Energy, cutting an estimated $16.6M.
  • Brigade Capital Management fully exited FOREST OIL CORPORATION in Q1 2014, selling an estimated $26.6M.
  • Brigade Capital Management's ten largest holdings make up 40% of its $1.37B portfolio in Q1 2014.
  • Brigade Capital Management opened 16 new positions and closed 15 in Q1 2014.
  • Brigade Capital Management's portfolio value fell 18% quarter-over-quarter to $1.37B.

Based on Brigade Capital Management's 13F filing for Q1 2014, filed 15 May 2014.