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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
+1.19%
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
$2.42B
AUM Growth
+$423M
(+21%)
Cap. Flow
+$214M
Cap. Flow
% of AUM
8.86%
Top 10 Holdings %
Top 10 Hldgs %
86.69%
Holding
60
New
14
Increased
15
Reduced
11
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howmet Aerospace
HWM
|
+$17.1M |
| 2 |
RDC
Rowan Companies Plc
RDC
|
+$12.6M |
| 3 |
ATI
ATI
|
+$9.55M |
| 4 |
Tenet Healthcare
THC
|
+$8.79M |
| 5 |
ARCH
Arch Resources, Inc.
ARCH
|
+$8.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$37.5M |
| 2 |
KND
Kindred Healthcare
KND
|
+$14.7M |
| 3 |
Orion
OEC
|
+$11.4M |
| 4 |
FOE
Ferro Corporation
FOE
|
+$8.3M |
| 5 |
SVU
SUPERVALU Inc.
SVU
|
+$4.74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 3.8% |
| 2 | Technology | 1.82% |
| 3 | Communication Services | 1.28% |
| 4 | Industrials | 1.14% |
| 5 | Healthcare | 0.99% |
| 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
| $1.72B | 71.28% |
7,713,000
+1,227,500
| +19% | +$268M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $121M | 5.02% |
+900,000
| New | +$115M |
|
|
ETP
3
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $31.2M | 1.29% |
870,000
-50,000
| -5% | -$1.78M |
|
4
CALL
Macy's
M
$6.15B
| $23.3M | 0.96% |
650,000
| – | – |
|
5
Magnachip Semiconductor
MX
$128M
| $19.4M | 0.8% |
3,130,000
+270,000
| +9% | +$1.84M |
|
|
PNK
6
DELISTED
Pinnacle Entertainment Inc.
PNK
| $16.3M | 0.67% |
1,125,000
-225,000
| -17% | -$3.01M |
|
|
FOE
7
DELISTED
Ferro Corporation
FOE
| $16.3M | 0.67% |
1,135,276
-584,724
| -34% | -$8.3M |
|
|
8
Howmet Aerospace
HWM
$116B
| $16.2M | 0.67% |
+1,140,348
| New | +$17.1M |
|
|
RDC
9
DELISTED
Rowan Companies Plc
RDC
| $14.6M | 0.61% |
+775,000
| New | +$12.6M |
|
|
10
Orion
OEC
$394M
| $14.4M | 0.6% |
765,182
-598,818
| -44% | -$11.4M |
|
|
11
CALL
Howmet Aerospace
HWM
$116B
| $13.9M | 0.58% |
+1,956,000
| New | +$29.4M |
|
|
OCLR
12
DELISTED
Oclaro Inc.
OCLR
| $13.3M | 0.55% |
1,490,000
-235,000
| -14% | -$2.03M |
|
13
Sinclair Inc
SBGI
$974M
| $13M | 0.54% |
390,000
| – | – |
|
14
Gray Television
GTN
$407M
| $11.9M | 0.49% |
1,100,000
+100,000
| +10% | +$981K |
|
15
PUT
Advanced Micro Devices
AMD
$851B
| $11.3M | 0.47% |
1,000,000
| – | – |
|
|
AKS
16
CALL
DELISTED
AK Steel Holding Corp
AKS
| $11.2M | 0.46% |
1,100,000
| – | – |
|
|
SEM
17
DELISTED
Select Medical
SEM
| $10.9M | 0.45% |
1,531,200
+371,200
| +32% | +$2.58M |
|
18
Williams Companies
WMB
$90.5B
| $10.6M | 0.44% |
340,000
+115,000
| +51% | +$3.47M |
|
|
RAD
19
DELISTED
Rite Aid Corporation
RAD
| $10.3M | 0.43% |
62,500
+12,500
| +25% | +$1.89M |
|
20
Range Resources
RRC
$9.11B
| $10.1M | 0.42% |
293,000
+105,500
| +56% | +$3.77M |
|
|
21
ATI
ATI
$27B
| $9.16M | 0.38% |
+575,000
| New | +$9.55M |
|
22
Cheniere Energy
LNG
$56.5B
| $8.78M | 0.36% |
212,000
+12,000
| +6% | +$485K |
|
|
SWN
23
DELISTED
Southwestern Energy Company
SWN
| $8.6M | 0.36% |
795,000
+495,000
| +165% | +$5.67M |
|
24
PUT
LyondellBasell Industries
LYB
$19.5B
| $8.58M | 0.35% |
+100,000
| New | +$8.39M |
|
|
ARCH
25
DELISTED
Arch Resources, Inc.
ARCH
| $8.31M | 0.34% |
+106,500
| New | +$8.05M |
|
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Brigade Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Brigade Capital Management held 60 positions worth $2.42B, up 21% from $2B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Brigade Capital Management deployed $214M of net new capital in Q4 2016, opening 14 new positions and adding to 15 existing holdings. Its largest new stake was Howmet Aerospace: 1,140,348 shares worth $16.2M.
By sector, the portfolio is most concentrated in Energy at 3.8% of assets, up from 2.9% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Kindred Healthcare, an estimated $14.7M trimmed.
- Brigade Capital Management's largest Q4 2016 buy was Howmet Aerospace: 1,140,348 shares worth $16.2M.
- Brigade Capital Management added most to Southwestern Energy Company in Q4 2016, an estimated $5.67M increase.
- Brigade Capital Management's biggest Q4 2016 reduction was Kindred Healthcare, cutting an estimated $14.7M.
- Brigade Capital Management fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q4 2016, selling an estimated $37.5M.
- Brigade Capital Management's ten largest holdings make up 87% of its $2.42B portfolio in Q4 2016.
- Brigade Capital Management opened 14 new positions and closed 8 in Q4 2016.
- Brigade Capital Management's portfolio value rose 21% quarter-over-quarter to $2.42B.
Based on Brigade Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.