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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
-18.23%
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
$814M
AUM Growth
-$972M
(-54%)
Cap. Flow
-$365M
Cap. Flow
% of AUM
-44.85%
Top 10 Holdings %
Top 10 Hldgs %
56.62%
Holding
65
New
14
Increased
13
Reduced
8
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AXLL
AXIALL CORP COM STK (DE)
AXLL
|
+$41.5M |
| 2 |
United Airlines
UAL
|
+$23.4M |
| 3 |
PPG Industries
PPG
|
+$14.2M |
| 4 |
NSM
Nationstar Mortgage Holdings
NSM
|
+$13.3M |
| 5 |
FOE
Ferro Corporation
FOE
|
+$12.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$30.4M |
| 2 |
AGN
Allergan plc
AGN
|
+$27.5M |
| 3 |
Diamondback Energy
FANG
|
+$24.4M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$17.8M |
| 5 |
Golar LNG
GLNG
|
+$15.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 10.06% |
| 2 | Consumer Discretionary | 7.59% |
| 3 | Energy | 7.44% |
| 4 | Healthcare | 3.8% |
| 5 | Industrials | 3.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $152M | 18.66% |
7,925
-33,125
| -81% | -$6.72M |
|
|
FOE
2
DELISTED
Ferro Corporation
FOE
| $36M | 4.42% |
3,287,342
+900,000
| +38% | +$12.2M |
|
|
AXLL
3
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $34.7M | 4.26% |
2,210,772
+1,546,272
| +233% | +$41.5M |
|
|
KND
4
DELISTED
Kindred Healthcare
KND
| $30.9M | 3.8% |
1,962,827
+304,962
| +18% | +$6.17M |
|
|
DYN
5
DELISTED
Dynegy, Inc.
DYN
| $29.2M | 3.59% |
1,414,699
-170,501
| -11% | -$4.33M |
|
|
CLR
6
PUT
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $29M | 3.56% |
+10,000
| New | +$325K |
|
7
Orion
OEC
$394M
| $27.7M | 3.4% |
1,914,828
+691,728
| +57% | +$11.9M |
|
8
CALL
Caterpillar
CAT
$409B
| $26.1M | 3.21% |
+4,000
| New | +$306K |
|
9
Visteon
VC
$2.77B
| $25.3M | 3.11% |
250,000
-20,000
| -7% | -$2.01M |
|
10
Cheniere Energy
LNG
$56.5B
| $22.2M | 2.73% |
460,100
+100
| +0% | +$6.17K |
|
|
11
United Airlines
UAL
$38.4B
| $22M | 2.71% |
+415,000
| New | +$23.4M |
|
12
CALL
CSX Corp
CSX
$98.6B
| $20.2M | 2.48% |
+22,500
| New | +$221K |
|
13
PUT
Alcoa
AA
$11.7B
| $19.3M | 2.37% |
+8,323
| New | +$195K |
|
14
Magnachip Semiconductor
MX
$128M
| $15.7M | 1.93% |
2,386,086
+603,086
| +34% | +$4.99M |
|
15
DHT Holdings
DHT
$2.97B
| $15.6M | 1.91% |
2,100,363
+1,127,863
| +116% | +$8.69M |
|
16
CALL
Transocean
RIG
$5.92B
| $15.4M | 1.89% |
+11,900
| New | +$165K |
|
|
RAD
17
DELISTED
Rite Aid Corporation
RAD
| $15.2M | 1.86% |
125,000
+62,580
| +100% | +$10.4M |
|
|
LNW
18
DELISTED
Light & Wonder
LNW
| $14.9M | 1.83% |
1,425,100
+340,100
| +31% | +$4.46M |
|
19
PUT
Helmerich & Payne
HP
$3.53B
| $14.2M | 1.74% |
+3,000
| New | +$170K |
|
20
Sinclair Inc
SBGI
$974M
| $13.9M | 1.71% |
549,635
+33,635
| +7% | +$927K |
|
|
CMBT
21
CMB.TECH NV
CMBT
$4.57B
| $13.8M | 1.69% |
989,869
+355,969
| +56% | +$5.16M |
|
|
NSM
22
DELISTED
Nationstar Mortgage Holdings
NSM
| $13.7M | 1.69% |
990,168
+790,168
| +395% | +$13.3M |
|
|
ISLE
23
DELISTED
Isle of Capri Casinos Inc
ISLE
| $12.5M | 1.53% |
715,257
-31,451
| -4% | -$583K |
|
|
24
PPG Industries
PPG
$25.9B
| $12.3M | 1.51% |
+140,000
| New | +$14.2M |
|
|
CHK
25
CALL
DELISTED
Chesapeake Energy Corporation
CHK
| $10.3M | 1.26% |
70
+20
| +40% | +$34K |
|
Similar funds
OC
RIM
GCM
DWA
CL
AF
OWA
BDWCC
Brigade Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Brigade Capital Management held 65 positions worth $814M, down 54% from $1.79B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Brigade Capital Management withdrew a net $365M in Q3 2015, closing 22 positions and reducing 8 holdings. Its most notable exit was Ally Financial, an estimated $30.4M position sold in full.
By sector, the portfolio is most concentrated in Materials at 10% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Brigade Capital Management opened a new position in United Airlines worth $22M.
- Brigade Capital Management's largest Q3 2015 buy was United Airlines: 415,000 shares worth $22M.
- Brigade Capital Management added most to AXIALL CORP COM STK (DE) in Q3 2015, an estimated $41.5M increase.
- Brigade Capital Management's biggest Q3 2015 reduction was Macquarie Infrastructure Holdings, LLC, cutting an estimated $12.5M.
- Brigade Capital Management fully exited Ally Financial in Q3 2015, selling an estimated $30.4M.
- Brigade Capital Management's ten largest holdings make up 57% of its $814M portfolio in Q3 2015.
- Brigade Capital Management opened 14 new positions and closed 22 in Q3 2015.
- Brigade Capital Management's portfolio value fell 54% quarter-over-quarter to $814M.
Based on Brigade Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.