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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
+9.81%
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
$2B
AUM Growth
+$1.35B
Cap. Flow
+$1.22B
Cap. Flow %
60.95%
Top 10 Hldgs %
85.34%
Holding
54
New
18
Increased
8
Reduced
8
Closed
8

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$37M
2
PNK
Pinnacle Entertainment Inc.
PNK
+$15.5M
3
HK
Halcon Resources Corporation
HK
+$9.39M
4
RRC icon
Range Resources
RRC
+$7.58M
5
RAD
Rite Aid Corporation
RAD
+$7.46M

Top Sells

Rank Stock Value
1
OLN icon
Olin
OLN
+$12.4M
2
OEC icon
Orion
OEC
+$10.7M
3
FOE
Ferro Corporation
FOE
+$10.4M
4
MRD
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
+$10.3M
5
ISLE
Isle of Capri Casinos Inc
ISLE
+$9.16M

Sector Composition

Rank Sector Weight
1 Energy 2.9%
2 Technology 2.25%
3 Healthcare 1.88%
4 Communication Services 1.5%
5 Materials 1.43%
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
$1.4B 70.3%
6,485,500
+6,032,100
+1,330% +$1.3B
HYG icon
2
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$37.5M 1.88%
+430,000
New +$37M
ETP
3
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
$34M 1.71%
920,000
-50,000
-5% -$1.97M
OEC icon
4
Orion
OEC
$394M
$25.6M 1.28%
1,364,000
-614,200
-31% -$10.7M
M icon
5
CALL
Macy's
M
$6.15B
$24.1M 1.21%
+650,000
New +$23.6M
MX icon
6
Magnachip Semiconductor
MX
$128M
$23.9M 1.2%
2,860,000
+885,000
+45% +$6.43M
FOE
7
DELISTED
Ferro Corporation
FOE
$23.8M 1.19%
1,720,000
-790,396
-31% -$10.4M
WYNN icon
8
CALL
Wynn Resorts
WYNN
$10.1B
$21.4M 1.07%
+220,000
New +$21.5M
KND
9
DELISTED
Kindred Healthcare
KND
$21M 1.05%
2,050,722
– –
PNK
10
DELISTED
Pinnacle Entertainment Inc.
PNK
$16.7M 0.83%
+1,350,000
New +$15.5M
AA icon
11
CALL
Alcoa
AA
$11.7B
$15.2M 0.76%
624,220
– –
OCLR
12
DELISTED
Oclaro Inc.
OCLR
$14.7M 0.74%
1,725,000
-675,000
-28% -$4.69M
JWN
13
CALL
DELISTED
Nordstrom
JWN
$14.3M 0.72%
+275,000
New +$12.9M
SBGI icon
14
Sinclair Inc
SBGI
$974M
$11.3M 0.56%
390,000
+110,000
+39% +$3.19M
GTN icon
15
Gray Television
GTN
$407M
$10.4M 0.52%
1,000,000
+455,000
+83% +$4.96M
CNX icon
16
CNX Resources
CNX
$4.85B
$9.6M 0.48%
600,000
– –
DYN
17
DELISTED
Dynegy, Inc.
DYN
$9.33M 0.47%
752,830
+204,000
+37% +$2.89M
LNG icon
18
Cheniere Energy
LNG
$56.5B
$8.72M 0.44%
200,000
-50,000
-20% -$2.11M
SEM
19
DELISTED
Select Medical
SEM
$8.44M 0.42%
+1,160,000
New +$7.37M
SEMG
20
DELISTED
SEMGROUP CORPORATION
SEMG
$8.13M 0.41%
230,000
-20,000
-8% -$636K
LNTH icon
21
Lantheus
LNTH
$6.82B
$8.03M 0.4%
970,000
-452,000
-32% -$2.99M
RAD
22
DELISTED
Rite Aid Corporation
RAD
$7.69M 0.39%
+50,000
New +$7.46M
HK
23
DELISTED
Halcon Resources Corporation
HK
$7.5M 0.38%
+800,000
New +$9.39M
RRC icon
24
Range Resources
RRC
$9.11B
$7.27M 0.36%
+187,500
New +$7.58M
AMD icon
25
PUT
Advanced Micro Devices
AMD
$851B
$6.92M 0.35%
+1,000,000
New +$6.38M
1
2

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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
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OWA
One Wealth Advisors San Francisco, California $803M AUM 17.67% 1-Year Est. Return
BDWCC
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Brigade Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Brigade Capital Management held 54 positions worth $2B, up 210% from $643M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Brigade Capital Management deployed $1.22B of net new capital in Q3 2016, opening 18 new positions and adding to 8 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 430,000 shares worth $37.5M.

By sector, the portfolio is most concentrated in Energy at 2.9% of assets, down from 4% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Orion, an estimated $10.7M trimmed.

  • Brigade Capital Management's largest Q3 2016 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 430,000 shares worth $37.5M.
  • Brigade Capital Management added most to Magnachip Semiconductor in Q3 2016, an estimated $6.43M increase.
  • Brigade Capital Management's biggest Q3 2016 reduction was Orion, cutting an estimated $10.7M.
  • Brigade Capital Management fully exited Olin in Q3 2016, selling an estimated $12.4M.
  • Brigade Capital Management's ten largest holdings make up 85% of its $2B portfolio in Q3 2016.
  • Brigade Capital Management opened 18 new positions and closed 8 in Q3 2016.
  • Brigade Capital Management's portfolio value rose 210% quarter-over-quarter to $2B.

Based on Brigade Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.