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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
+8.84%
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
$1.5B
AUM Growth
-$697M
(-32%)
Cap. Flow
-$990M
Cap. Flow
% of AUM
-65.89%
Top 10 Holdings %
Top 10 Hldgs %
67.59%
Holding
66
New
9
Increased
14
Reduced
16
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$19.9M |
| 2 |
HK
Halcon Resources Corporation
HK
|
+$13.1M |
| 3 |
Assured Guaranty
AGO
|
+$11.1M |
| 4 |
Dell
DELL
|
+$11.1M |
| 5 |
Range Resources
RRC
|
+$6.45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vistra
VST
|
+$90.5M |
| 2 |
VICI Properties
VICI
|
+$63.6M |
| 3 |
PGEM
Ply Gem Holdings, Inc.
PGEM
|
+$17.1M |
| 4 |
Tenet Healthcare
THC
|
+$15.9M |
| 5 |
OCLR
Oclaro Inc.
OCLR
|
+$11.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 11.88% |
| 2 | Utilities | 11.23% |
| 3 | Healthcare | 5.48% |
| 4 | Technology | 5.31% |
| 5 | Materials | 4.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.07B
| – | – |
-10,000
| Closed | -$560K |
|
52
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| – | – |
-54,126
| Closed | -$4.63M |
|
53
PUT
Invesco QQQ Trust
QQQ
$436B
| – | – |
-1,050,000
| Closed | -$168M |
|
|
SEM
54
DELISTED
Select Medical
SEM
| – | – |
-528,960
| Closed | -$4.92M |
|
55
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| – | – |
-25,000
| Closed | -$6.58M |
|
56
Unisys
UIS
$252M
| – | – |
-13,000
| Closed | -$140K |
|
57
PUT
United States Oil Fund
USO
$2.15B
| – | – |
-59,850
| Closed | -$6.27M |
|
|
58
VICI Properties
VICI
$29.9B
| – | – |
-3,473,458
| Closed | -$63.6M |
|
|
DYN.WS.A
59
DELISTED
Dynegy Inc.
DYN.WS.A
| – | – |
-36,934
| Closed | -$10K |
|
|
PGEM
60
DELISTED
Ply Gem Holdings, Inc.
PGEM
| – | – |
-791,833
| Closed | -$17.1M |
|
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Brigade Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Brigade Capital Management held 66 positions worth $1.5B, down 32% from $2.2B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Brigade Capital Management withdrew a net $990M in Q2 2018, closing 11 positions and reducing 16 holdings. Its most notable exit was VICI Properties, an estimated $63.6M position sold in full.
By sector, the portfolio is most concentrated in Energy at 12% of assets, up from 5.4% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Brigade Capital Management opened a new position in Marathon Petroleum worth $18.2M.
- Brigade Capital Management's largest Q2 2018 buy was Marathon Petroleum: 260,000 shares worth $18.2M.
- Brigade Capital Management added most to Halcon Resources Corporation in Q2 2018, an estimated $13.1M increase.
- Brigade Capital Management's biggest Q2 2018 reduction was Vistra, cutting an estimated $90.5M.
- Brigade Capital Management fully exited VICI Properties in Q2 2018, selling an estimated $63.6M.
- Brigade Capital Management's ten largest holdings make up 68% of its $1.5B portfolio in Q2 2018.
- Brigade Capital Management opened 9 new positions and closed 11 in Q2 2018.
- Brigade Capital Management's portfolio value fell 32% quarter-over-quarter to $1.5B.
Based on Brigade Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.