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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
+1%
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
$1.86B
AUM Growth
-$149M
(-7.4%)
Cap. Flow
-$320M
Cap. Flow
% of AUM
-17.21%
Top 10 Holdings %
Top 10 Hldgs %
77.14%
Holding
64
New
11
Increased
7
Reduced
12
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iHeartMedia
IHRT
|
+$39.7M |
| 2 |
Amplify Energy
AMPY
|
+$25.7M |
| 3 |
Clear Channel Outdoor Holdings
CCO
|
+$9.43M |
| 4 |
DigitalBridge
DBRG
|
+$6.64M |
| 5 |
Global Ship Lease
GSL
|
+$2.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESV
Ensco Rowan plc
ESV
|
+$24M |
| 2 |
ATI
ATI
|
+$17.6M |
| 3 |
Vistra
VST
|
+$14.6M |
| 4 |
Alcoa
AA
|
+$11.1M |
| 5 |
Marathon Petroleum
MPC
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.8% |
| 2 | Energy | 4.32% |
| 3 | Communication Services | 3.47% |
| 4 | Utilities | 3.18% |
| 5 | Materials | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
ATI
ATI
$25.6B
| – | – |
-697,000
| Closed | -$17.6M |
|
52
Dell
DELL
$262B
| – | – |
-166,002
| Closed | -$4.27M |
|
53
PUT
GE Aerospace
GE
$374B
| – | – |
-513,630
| Closed | -$26.9M |
|
54
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| – | – |
-3,750,000
| Closed | -$327M |
|
55
PUT
iShares Russell 2000 ETF
IWM
$80.2B
| – | – |
-100,000
| Closed | -$15.6M |
|
56
CALL
Invesco QQQ Trust
QQQ
$461B
| – | – |
-185,000
| Closed | -$34.5M |
|
|
57
PUT
Invesco QQQ Trust
QQQ
$461B
| – | – |
-15,000
| Closed | -$2.8M |
|
58
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.74B
| – | – |
-1,100,625
| Closed | -$120M |
|
|
ASCMA
59
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| – | – |
-343,000
| Closed | -$370K |
|
|
ESV
60
DELISTED
Ensco Rowan plc
ESV
| – | – |
-2,809,182
| Closed | -$24M |
|
|
CZR
61
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| – | – |
-3,800,000
| Closed | -$44.9M |
|
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Brigade Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Brigade Capital Management held 64 positions worth $1.86B, down 7.4% from $2.01B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Brigade Capital Management withdrew a net $320M in Q3 2019, closing 11 positions and reducing 12 holdings. Its most notable exit was Ensco Rowan plc, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 5.8% of assets, down from 5.8% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Brigade Capital Management opened a new position in iHeartMedia worth $41.8M.
- Brigade Capital Management's largest Q3 2019 buy was iHeartMedia: 2,794,554 shares worth $41.8M.
- Brigade Capital Management added most to Clear Channel Outdoor Holdings in Q3 2019, an estimated $9.43M increase.
- Brigade Capital Management's biggest Q3 2019 reduction was Vistra, cutting an estimated $14.6M.
- Brigade Capital Management fully exited Ensco Rowan plc in Q3 2019, selling an estimated $24M.
- Brigade Capital Management's ten largest holdings make up 77% of its $1.86B portfolio in Q3 2019.
- Brigade Capital Management opened 11 new positions and closed 11 in Q3 2019.
- Brigade Capital Management's portfolio value fell 7.4% quarter-over-quarter to $1.86B.
Based on Brigade Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.