We are live on
!
Find out more
BCM
Brigade Capital Management Portfolio holdings
AUM
$806M
1-Year Est. Return
20.71%
This Fund
S&P 500
This Quarter
Est. Return
+7.55%
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
$580M
AUM Growth
-$451M
(-44%)
Cap. Flow
-$172M
Cap. Flow
% of AUM
-29.62%
Top 10 Holdings %
Top 10 Hldgs %
61.78%
Holding
53
New
18
Increased
9
Reduced
2
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boyd Gaming
BYD
|
+$14.2M |
| 2 |
ASCMA
Ascent Capital Group, Inc. Series A
ASCMA
|
+$7.45M |
| 3 |
Olin
OLN
|
+$4.87M |
| 4 |
AXLL
AXIALL CORP COM STK (DE)
AXLL
|
+$4.04M |
| 5 |
MRD
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
|
+$3.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RAD
Rite Aid Corporation
RAD
|
+$25.9M |
| 2 |
NSM
Nationstar Mortgage Holdings
NSM
|
+$10M |
| 3 |
OCLR
Oclaro Inc.
OCLR
|
+$1.9M |
| 4 |
EGLE
Eagle Bulk Shipping Inc.
EGLE
|
+$785K |
| 5 |
KND
Kindred Healthcare
KND
|
+$259K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 10.92% |
| 2 | Technology | 4.89% |
| 3 | Consumer Discretionary | 4.63% |
| 4 | Healthcare | 4.15% |
| 5 | Communication Services | 2.58% |
| 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
| $62.7M | 10.81% |
305,000
+300,840
| +7,232% | +$58.7M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $49.8M | 8.58% |
450,000
+420,000
| +1,400% | +$43.5M |
|
|
FOE
3
DELISTED
Ferro Corporation
FOE
| $30.4M | 5.24% |
2,560,396
+200,000
| +8% | +$2.01M |
|
|
ETP
4
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $28.1M | 4.85% |
+870,000
| New | +$24.2M |
|
5
Orion
OEC
$394M
| $27.9M | 4.82% |
1,978,200
+179,072
| +10% | +$2.25M |
|
|
AXLL
6
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $27.1M | 4.68% |
1,241,772
+229,000
| +23% | +$4.04M |
|
|
KND
7
DELISTED
Kindred Healthcare
KND
| $24.1M | 4.15% |
1,950,722
-25,000
| -1% | -$259K |
|
8
PUT
Boeing
BA
$165B
| $20.3M | 3.5% |
+160,000
| New | +$19.9M |
|
|
9
Boyd Gaming
BYD
$6.47B
| $16.5M | 2.85% |
+800,000
| New | +$14.2M |
|
10
CALL
Transocean
RIG
$5.92B
| $15M | 2.58% |
+1,636,000
| New | +$16.3M |
|
11
PUT
Itaú Unibanco
ITUB
$91.3B
| $14.4M | 2.48% |
+3,798,302
| New | +$11.6M |
|
12
CALL
Alcoa
AA
$11.7B
| $14.4M | 2.48% |
+624,220
| New | +$12.7M |
|
|
OCLR
13
DELISTED
Oclaro Inc.
OCLR
| $13.8M | 2.37% |
2,550,000
-450,000
| -15% | -$1.9M |
|
14
CALL
Royal Bank of Canada
RY
$291B
| $11.5M | 1.99% |
+200,000
| New | +$10.4M |
|
15
CALL
Lincoln National
LNC
$7.91B
| $10.6M | 1.83% |
+270,000
| New | +$10.5M |
|
16
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.05B
| $10.2M | 1.76% |
+500,000
| New | +$8.08M |
|
17
Magnachip Semiconductor
MX
$128M
| $10.2M | 1.76% |
1,875,000
| – | – |
|
|
NSM
18
CALL
DELISTED
Nationstar Mortgage Holdings
NSM
| $9.4M | 1.62% |
+950,000
| New | +$10.1M |
|
|
ASCMA
19
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $8.73M | 1.5% |
+589,237
| New | +$7.45M |
|
20
Sinclair Inc
SBGI
$974M
| $8.61M | 1.48% |
280,000
| – | – |
|
|
ISLE
21
DELISTED
Isle of Capri Casinos Inc
ISLE
| $7M | 1.21% |
500,000
| – | – |
|
22
CALL
CNX Resources
CNX
$4.85B
| $5.64M | 0.97% |
+600,000
| New | +$4.36M |
|
|
23
Olin
OLN
$2.64B
| $5.47M | 0.94% |
+315,000
| New | +$4.87M |
|
|
LNW
24
CALL
DELISTED
Light & Wonder
LNW
| $4.71M | 0.81% |
500,000
+495,000
| +9,900% | +$3.69M |
|
25
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
| $4.64M | 0.8% |
+150,000
| New | +$4.35M |
|
Similar funds
OC
RIM
GCM
DWA
CL
AF
OWA
BDWCC
Brigade Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Brigade Capital Management held 53 positions worth $580M, down 44% from $1.03B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Brigade Capital Management withdrew a net $172M in Q1 2016, closing 15 positions and reducing 2 holdings. Its most notable exit was Rite Aid Corporation, an estimated $25.9M position sold in full.
By sector, the portfolio is most concentrated in Materials at 11% of assets, up from 3.7% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Brigade Capital Management opened a new position in Boyd Gaming worth $16.5M.
- Brigade Capital Management's largest Q1 2016 buy was Boyd Gaming: 800,000 shares worth $16.5M.
- Brigade Capital Management added most to AXIALL CORP COM STK (DE) in Q1 2016, an estimated $4.04M increase.
- Brigade Capital Management's biggest Q1 2016 reduction was Oclaro Inc., cutting an estimated $1.9M.
- Brigade Capital Management fully exited Rite Aid Corporation in Q1 2016, selling an estimated $25.9M.
- Brigade Capital Management's ten largest holdings make up 62% of its $580M portfolio in Q1 2016.
- Brigade Capital Management opened 18 new positions and closed 15 in Q1 2016.
- Brigade Capital Management's portfolio value fell 44% quarter-over-quarter to $580M.
Based on Brigade Capital Management's 13F filing for Q1 2016, filed 16 May 2016.