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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
+5%
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
$2.01B
AUM Growth
+$405M
(+25%)
Cap. Flow
+$228M
Cap. Flow
% of AUM
11.37%
Top 10 Holdings %
Top 10 Hldgs %
74.69%
Holding
66
New
13
Increased
9
Reduced
10
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PKD
Parker Drilling Company
PKD
|
+$64.4M |
| 2 |
ESV
Ensco Rowan plc
ESV
|
+$32.5M |
| 3 |
Clear Channel Outdoor Holdings
CCO
|
+$15.4M |
| 4 |
Transocean
RIG
|
+$12.6M |
| 5 |
Adient
ADNT
|
+$6.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vistra
VST
|
+$33.6M |
| 2 |
RDC
Rowan Companies Plc
RDC
|
+$24.1M |
| 3 |
CZR
Caesars Entertainment Corporation
CZR
|
+$23.9M |
| 4 |
Cheniere Energy
LNG
|
+$20.6M |
| 5 |
Tenet Healthcare
THC
|
+$16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.82% |
| 2 | Energy | 4.5% |
| 3 | Utilities | 3.19% |
| 4 | Materials | 2.46% |
| 5 | Industrials | 2.25% |
| 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
| $499M | 24.83% |
1,703,700
+199,200
| +13% | +$57.4M |
|
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $327M | 16.26% |
+3,750,000
| New | +$324M |
|
3
CALL
iShares Russell 2000 ETF
IWM
$80.9B
| $152M | 7.58% |
+980,000
| New | +$151M |
|
4
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $120M | 5.97% |
1,100,625
-411,875
| -27% | -$47.5M |
|
5
CALL
SPDR Gold Trust
GLD
$131B
| $79.9M | 3.98% |
600,000
+250,000
| +71% | +$30.9M |
|
|
PKD
6
DELISTED
Parker Drilling Company
PKD
| $66.6M | 3.31% |
+3,285,330
| New | +$64.4M |
|
|
7
Vistra
VST
$55.1B
| $64.1M | 3.19% |
2,831,991
-1,341,229
| -32% | -$33.6M |
|
|
CZR
8
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $44.9M | 2.23% |
+3,800,000
| New | +$36M |
|
|
CMLS
9
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $43.9M | 2.18% |
2,366,939
-2,505
| -0.1% | -$43.8K |
|
10
Magnachip Semiconductor
MX
$128M
| $37.9M | 1.88% |
3,657,935
| – | – |
|
11
CALL
Invesco QQQ Trust
QQQ
$455B
| $34.5M | 1.72% |
+185,000
| New | +$34M |
|
12
Marathon Petroleum
MPC
$90.3B
| $27.4M | 1.36% |
489,650
| – | – |
|
13
PUT
GE Aerospace
GE
$367B
| $26.9M | 1.34% |
+513,630
| New | +$25.3M |
|
14
Howmet Aerospace
HWM
$116B
| $24.2M | 1.2% |
1,222,500
-46,944
| -4% | -$792K |
|
|
ESV
15
DELISTED
Ensco Rowan plc
ESV
| $24M | 1.19% |
+2,809,182
| New | +$32.5M |
|
|
16
Adient
ADNT
$1.6B
| $23.1M | 1.15% |
951,397
+333,097
| +54% | +$6.85M |
|
|
17
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $20.5M | 1.02% |
188,000
| – | – |
|
18
Alcoa
AA
$11.7B
| $19.7M | 0.98% |
843,625
| – | – |
|
19
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.05B
| $17.9M | 0.89% |
630,000
+126,000
| +25% | +$3.51M |
|
20
ATI
ATI
$27B
| $17.6M | 0.87% |
697,000
+119,500
| +21% | +$2.91M |
|
21
Constellium
CSTM
$3.96B
| $16M | 0.79% |
1,589,000
-168,500
| -10% | -$1.56M |
|
|
22
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $15.6M | 0.77% |
100,000
-400,000
| -80% | -$61.7M |
|
|
23
Clear Channel Outdoor Holdings
CCO
$1.23B
| $14.2M | 0.71% |
+3,009,020
| New | +$15.4M |
|
|
FRTA
24
DELISTED
Forterra, Inc
FRTA
| $13.6M | 0.68% |
2,743,000
+537,000
| +24% | +$2.61M |
|
|
CIVI
25
DELISTED
Civitas Resources
CIVI
| $12.9M | 0.64% |
618,204
| – | – |
|
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BDWCC
Brigade Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Brigade Capital Management held 66 positions worth $2.01B, up 25% from $1.61B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Brigade Capital Management deployed $228M of net new capital in Q2 2019, opening 13 new positions and adding to 9 existing holdings. Its largest new stake was Parker Drilling Company: 3,285,330 shares worth $66.6M.
By sector, the portfolio is most concentrated in Technology at 5.8% of assets, up from 3.1% a quarter earlier, followed by Energy and Utilities.
On the sell side, the largest reduction was Vistra, an estimated $33.6M trimmed.
- Brigade Capital Management's largest Q2 2019 buy was Parker Drilling Company: 3,285,330 shares worth $66.6M.
- Brigade Capital Management added most to Adient in Q2 2019, an estimated $6.85M increase.
- Brigade Capital Management's biggest Q2 2019 reduction was Vistra, cutting an estimated $33.6M.
- Brigade Capital Management fully exited Rowan Companies Plc in Q2 2019, selling an estimated $24.1M.
- Brigade Capital Management's ten largest holdings make up 75% of its $2.01B portfolio in Q2 2019.
- Brigade Capital Management opened 13 new positions and closed 13 in Q2 2019.
- Brigade Capital Management's portfolio value rose 25% quarter-over-quarter to $2.01B.
Based on Brigade Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.