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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
+12.01%
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
$1.35B
AUM Growth
-$378M
Cap. Flow
-$697M
Cap. Flow %
-51.53%
Top 10 Hldgs %
71.78%
Holding
81
New
24
Increased
7
Reduced
13
Closed
12

Top Buys

Rank Stock Value
1
EXE
Expand Energy Corp
EXE
+$74.3M
2
XOG
Extraction Oil & Gas, Inc. Common Stock
XOG
+$54.1M
3
MX icon
Magnachip Semiconductor
MX
+$15.8M
4
ACI icon
Albertsons Companies
ACI
+$12.1M
5
VISN
Vistance Networks Inc
VISN
+$11.5M

Top Sells

Rank Stock Value
1
CSTM icon
Constellium
CSTM
+$14.2M
2
ADNT icon
Adient
ADNT
+$9.66M
3
CMLS
Cumulus Media Inc. Class A Common Stock
CMLS
+$8.94M
4
VST icon
Vistra
VST
+$8.32M
5
CCO icon
Clear Channel Outdoor Holdings
CCO
+$7.61M

Sector Composition

Rank Sector Weight
1 Energy 10.44%
2 Communication Services 5.31%
3 Technology 4.99%
4 Utilities 3.48%
5 Industrials 2.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMPY icon
51
Amplify Energy
AMPY
$168M
$444K 0.03%
159,881
-112,620
-41% -$299K
EXEEZ
52
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
$441K 0.03%
+22,326
New +$445K
EXEEW
53
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
$403K 0.03%
+20,092
New +$448K
IRS
54
IRSA Inversiones y Representaciones
IRS
$1.25B
$401K 0.03%
98,732
– –
LIII.U
55
DELISTED
Leo Holdings III Corp Units, each consisting of one Class A ordinary share, and one-fifth of one red
LIII.U
$347K 0.03%
+35,185
New +$351K
CRC icon
56
California Resources
CRC
$4.61B
$281K 0.02%
11,672
– –
AMPI.U
57
DELISTED
Advanced Merger Partners Inc Units
AMPI.U
$200K 0.01%
+20,000
New +$200K
IBER.U
58
DELISTED
Ibere Pharmaceuticals Units, each consisting of one Class A ordinary share and one-half of one Redeemable Warrant
IBER.U
$197K 0.01%
+20,000
New +$200K
VST.WS.A
59
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$10K ﹤0.01%
29,389
– –
ADNT icon
60
Adient
ADNT
$1.54B
– –
-277,931
Closed -$9.66M
BYD icon
61
Boyd Gaming
BYD
$6.08B
– –
-80,250
Closed -$3.44M
CSTM icon
62
Constellium
CSTM
$3.96B
– –
-1,017,000
Closed -$14.2M
CTOS icon
63
Custom Truck One Source
CTOS
$2.38B
– –
-155,100
Closed -$1.14M
DHT icon
64
DHT Holdings
DHT
$2.93B
– –
-200,000
Closed -$1.05M
LQD icon
65
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
– –
-2,000,000
Closed -$276M
NCLH icon
66
Norwegian Cruise Line
NCLH
$8.81B
– –
-47,000
Closed -$1.2M
RRR icon
67
Red Rock Resorts
RRR
$3.62B
– –
-139,000
Closed -$3.48M
SGOL icon
68
abrdn Physical Gold Shares ETF
SGOL
$7.42B
– –
-45,000
Closed -$823K
SLV icon
69
CALL
iShares Silver Trust
SLV
$30.8B
– –
-2,100,000
Closed -$51.6M
TREC
70
DELISTED
Trecora Resources
TREC
– –
-105,428
Closed -$737K
FRTA
71
DELISTED
Forterra, Inc
FRTA
– –
-55,000
Closed -$946K
1 2
3

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UM
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RPAM
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Brigade Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Brigade Capital Management held 81 positions worth $1.35B, down 22% from $1.73B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Brigade Capital Management withdrew a net $697M in Q1 2021, closing 12 positions and reducing 13 holdings. Its most notable exit was Constellium, an estimated $14.2M position sold in full.

By sector, the portfolio is most concentrated in Energy at 10% of assets, up from 0.55% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Brigade Capital Management opened a new position in Expand Energy Corp worth $73.1M.

  • Brigade Capital Management's largest Q1 2021 buy was Expand Energy Corp: 1,684,619 shares worth $73.1M.
  • Brigade Capital Management added most to Magnachip Semiconductor in Q1 2021, an estimated $15.8M increase.
  • Brigade Capital Management's biggest Q1 2021 reduction was Cumulus Media Inc. Class A Common Stock, cutting an estimated $8.94M.
  • Brigade Capital Management fully exited Constellium in Q1 2021, selling an estimated $14.2M.
  • Brigade Capital Management's ten largest holdings make up 72% of its $1.35B portfolio in Q1 2021.
  • Brigade Capital Management opened 24 new positions and closed 12 in Q1 2021.
  • Brigade Capital Management's portfolio value fell 22% quarter-over-quarter to $1.35B.

Based on Brigade Capital Management's 13F filing for Q1 2021, filed 14 May 2021.