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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
+9.58%
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
$772M
AUM Growth
-$1.65B
(-68%)
Cap. Flow
-$1.81B
Cap. Flow
% of AUM
-235.15%
Top 10 Holdings %
Top 10 Hldgs %
58.53%
Holding
65
New
14
Increased
15
Reduced
9
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRG Energy
NRG
|
+$13.3M |
| 2 |
Element Solutions
ESI
|
+$12.9M |
| 3 |
CRC
California Resources Corporation
CRC
|
+$12.5M |
| 4 |
PKD
Parker Drilling Company
PKD
|
+$10.8M |
| 5 |
ONIT
Onity Group
ONIT
|
+$9.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$10.6M |
| 2 |
RAD
Rite Aid Corporation
RAD
|
+$10.3M |
| 3 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$9.9M |
| 4 |
RDC
Rowan Companies Plc
RDC
|
+$9.69M |
| 5 |
Sinclair Inc
SBGI
|
+$8.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 9.45% |
| 2 | Technology | 7.43% |
| 3 | Industrials | 5.25% |
| 4 | Healthcare | 4.88% |
| 5 | Materials | 3.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $124M | 16.05% |
900,700
+700
| +0.1% | +$95.6K |
|
2
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $57.1M | 7.4% |
+381,250
| New | +$59.4M |
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $53.4M | 6.92% |
226,500
-7,486,500
| -97% | -$1.74B |
|
4
Magnachip Semiconductor
MX
$128M
| $29.9M | 3.87% |
3,130,000
| – | – |
|
5
Howmet Aerospace
HWM
$116B
| $25.5M | 3.3% |
1,261,620
+121,272
| +11% | +$2.38M |
|
6
PUT
Goodyear
GT
$2.07B
| $21.6M | 2.8% |
+600,000
| New | +$20.4M |
|
|
FOE
7
DELISTED
Ferro Corporation
FOE
| $17.2M | 2.23% |
1,135,276
| – | – |
|
|
SEM
8
DELISTED
Select Medical
SEM
| $16.4M | 2.13% |
2,282,880
+751,680
| +49% | +$5.45M |
|
9
CALL
Deere & Co
DE
$170B
| $15.2M | 1.97% |
+140,000
| New | +$15.2M |
|
|
10
NRG Energy
NRG
$29.8B
| $15M | 1.94% |
+800,000
| New | +$13.3M |
|
11
Tenet Healthcare
THC
$20.1B
| $14.8M | 1.92% |
835,000
+345,000
| +70% | +$6.4M |
|
12
PUT
Advanced Micro Devices
AMD
$851B
| $14.6M | 1.89% |
1,000,000
| – | – |
|
|
PKD
13
DELISTED
Parker Drilling Company
PKD
| $14.2M | 1.84% |
540,083
+328,416
| +155% | +$10.8M |
|
|
14
Element Solutions
ESI
$9.12B
| $13.7M | 1.77% |
+1,050,000
| New | +$12.9M |
|
|
DYN
15
DELISTED
Dynegy, Inc.
DYN
| $12.4M | 1.61% |
1,582,594
+644,764
| +69% | +$5.54M |
|
16
Urban One Class D
UONEK
$22.9M
| $11.1M | 1.44% |
336,072
+130,877
| +64% | +$3.76M |
|
17
Orion
OEC
$394M
| $11.1M | 1.43% |
540,000
-225,182
| -29% | -$4.63M |
|
18
Range Resources
RRC
$9.11B
| $10.7M | 1.39% |
369,000
+76,000
| +26% | +$2.35M |
|
|
SEMG
19
DELISTED
SEMGROUP CORPORATION
SEMG
| $10.5M | 1.36% |
292,500
+101,000
| +53% | +$3.84M |
|
|
PNK
20
DELISTED
Pinnacle Entertainment Inc.
PNK
| $10.2M | 1.33% |
525,000
-600,000
| -53% | -$9.9M |
|
|
CRC
21
DELISTED
California Resources Corporation
CRC
| $10.2M | 1.33% |
+680,000
| New | +$12.5M |
|
|
ONIT
22
Onity Group
ONIT
$333M
| $10.1M | 1.3% |
+122,667
| New | +$9.35M |
|
23
Cheniere Energy
LNG
$56.5B
| $10M | 1.3% |
212,000
| – | – |
|
|
OCLR
24
DELISTED
Oclaro Inc.
OCLR
| $9.82M | 1.27% |
1,000,000
-490,000
| -33% | -$4.6M |
|
25
CNX Resources
CNX
$4.85B
| $9.43M | 1.22% |
674,400
+172,800
| +34% | +$2.43M |
|
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Brigade Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Brigade Capital Management held 65 positions worth $772M, down 68% from $2.42B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Brigade Capital Management withdrew a net $1.81B in Q1 2017, closing 14 positions and reducing 9 holdings. Its most notable exit was Williams Companies, an estimated $10.6M position sold in full.
By sector, the portfolio is most concentrated in Energy at 9.5% of assets, up from 3.8% a quarter earlier, followed by Technology and Industrials.
Against the trend, Brigade Capital Management opened a new position in NRG Energy worth $15M.
- Brigade Capital Management's largest Q1 2017 buy was NRG Energy: 800,000 shares worth $15M.
- Brigade Capital Management added most to Parker Drilling Company in Q1 2017, an estimated $10.8M increase.
- Brigade Capital Management's biggest Q1 2017 reduction was Pinnacle Entertainment Inc., cutting an estimated $9.9M.
- Brigade Capital Management fully exited Williams Companies in Q1 2017, selling an estimated $10.6M.
- Brigade Capital Management's ten largest holdings make up 59% of its $772M portfolio in Q1 2017.
- Brigade Capital Management opened 14 new positions and closed 14 in Q1 2017.
- Brigade Capital Management's portfolio value fell 68% quarter-over-quarter to $772M.
Based on Brigade Capital Management's 13F filing for Q1 2017, filed 15 May 2017.