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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
-4.62%
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
$2.34B
AUM Growth
-$518M
Cap. Flow
-$489M
Cap. Flow %
-20.91%
Top 10 Hldgs %
50.74%
Holding
80
New
22
Increased
16
Reduced
13
Closed
10

Top Buys

Rank Stock Value
1
MIC
Macquarie Infrastructure Holdings, LLC
MIC
+$24.5M
2
RAD
Rite Aid Corporation
RAD
+$19.4M
3
PARA
Paramount Global Class B
PARA
+$17.7M
4
KND
Kindred Healthcare
KND
+$13.1M
5
AXLL
AXIALL CORP COM STK (DE)
AXLL
+$12.7M

Top Sells

Rank Stock Value
1
HES
Hess
HES
+$57.8M
2
HAL icon
Halliburton
HAL
+$42.6M
3
NRG icon
NRG Energy
NRG
+$29.4M
4
WMB icon
Williams Companies
WMB
+$20.4M
5
VIAV icon
Viavi Solutions
VIAV
+$20M

Sector Composition

Rank Sector Weight
1 Energy 8.17%
2 Consumer Discretionary 5.52%
3 Financials 3.27%
4 Consumer Staples 2.88%
5 Healthcare 2.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$394M 16.86%
2,000,000
– –
IP icon
2
CALL
International Paper
IP
$22.3B
$143M 6.13%
+3,168,000
New +$146M
EEM icon
3
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$137M 5.87%
+3,300,000
New +$146M
IWM icon
4
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$109M 4.68%
1,000,000
-7,400,000
-88% -$847M
XLE icon
5
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$90.6M 3.88%
+2,000,000
New +$96.9M
SWY
6
DELISTED
SAFEWAY INC
SWY
$67.2M 2.88%
1,959,942
– –
GLNG icon
7
CALL
Golar LNG
GLNG
$4.95B
$63.1M 2.7%
950,000
+600,000
+171% +$38M
ESRX
8
CALL
DELISTED
Express Scripts Holding Company
ESRX
$57.9M 2.48%
820,000
– –
HES
9
CALL
DELISTED
Hess
HES
$51.9M 2.22%
+550,000
New +$54.4M
GM icon
10
General Motors
GM
$74.7B
$46.1M 1.97%
1,443,000
-185,000
-11% -$6.45M
F icon
11
CALL
Ford
F
$57.3B
$44.4M 1.9%
+3,000,000
New +$51.3M
ENLC
12
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$44.3M 1.9%
1,073,000
+25,000
+2% +$1.01M
ALLY icon
13
Ally Financial
ALLY
$13.1B
$42.7M 1.83%
1,846,872
+222,100
+14% +$5.3M
DYN
14
DELISTED
Dynegy, Inc.
DYN
$41.6M 1.78%
1,440,100
+175,000
+14% +$5.2M
FOE
15
DELISTED
Ferro Corporation
FOE
$41M 1.75%
2,828,520
-222,000
-7% -$2.96M
ALK icon
16
CALL
Alaska Air
ALK
$5.15B
$39.2M 1.68%
900,000
-1,100,000
-55% -$51M
CNX icon
17
CALL
CNX Resources
CNX
$4.85B
$38.6M 1.65%
1,224,000
+600,000
+96% +$20.1M
CMCSA icon
18
CALL
Comcast
CMCSA
$79.1B
$37.6M 1.61%
1,400,000
– –
SEMG
19
DELISTED
SEMGROUP CORPORATION
SEMG
$34.7M 1.48%
416,500
-5,000
-1% -$412K
ORIG
20
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
$34.6M 1.48%
233
-41
-15% -$6.76M
APC
21
CALL
DELISTED
Anadarko Petroleum
APC
$32.1M 1.37%
316,000
– –
GLNG icon
22
Golar LNG
GLNG
$4.95B
$30.5M 1.3%
459,054
-120,933
-21% -$7.66M
SAFE
23
Safehold
SAFE
$1.19B
$25.5M 1.09%
388,282
+18,490
+5% +$1.31M
WMB icon
24
Williams Companies
WMB
$90.5B
$24.7M 1.06%
446,200
-355,300
-44% -$20.4M
RAD
25
DELISTED
Rite Aid Corporation
RAD
$24.2M 1.04%
250,150
+150,000
+150% +$19.4M
1
2 3 4

Similar funds

OC
Oarsman Capital Milwaukee, Wisconsin $806M AUM 19.96% 1-Year Est. Return
RIM
Redwood Investment Management Scottsdale, Arizona $805M AUM 15.01% 1-Year Est. Return
GCM
Glendon Capital Management Santa Monica, California $805M AUM 17.91% 1-Year Est. Return
DWA
Dorsey Wright & Associates Pasadena, California $807M AUM 65.46% 1-Year Est. Return
CL
CVFG LLC Shelbyville, Indiana $804M AUM 27.61% 1-Year Est. Return
AF
Ally Financial Detroit, Michigan $804M AUM 0.18% 1-Year Est. Return
OWA
One Wealth Advisors San Francisco, California $803M AUM 17.67% 1-Year Est. Return
BDWCC
B&D White Capital Company Lakeway, Texas $809M AUM 19.33% 1-Year Est. Return

Brigade Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Brigade Capital Management held 80 positions worth $2.34B, down 18% from $2.85B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Brigade Capital Management withdrew a net $489M in Q3 2014, closing 10 positions and reducing 13 holdings. Its most notable exit was Hess, an estimated $57.8M position sold in full.

By sector, the portfolio is most concentrated in Energy at 8.2% of assets, down from 9.9% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Brigade Capital Management opened a new position in Macquarie Infrastructure Holdings, LLC worth $23.4M.

  • Brigade Capital Management's largest Q3 2014 buy was Macquarie Infrastructure Holdings, LLC: 351,500 shares worth $23.4M.
  • Brigade Capital Management added most to Rite Aid Corporation in Q3 2014, an estimated $19.4M increase.
  • Brigade Capital Management's biggest Q3 2014 reduction was Williams Companies, cutting an estimated $20.4M.
  • Brigade Capital Management fully exited Hess in Q3 2014, selling an estimated $57.8M.
  • Brigade Capital Management's ten largest holdings make up 51% of its $2.34B portfolio in Q3 2014.
  • Brigade Capital Management opened 22 new positions and closed 10 in Q3 2014.
  • Brigade Capital Management's portfolio value fell 18% quarter-over-quarter to $2.34B.

Based on Brigade Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.