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BCM
Brigade Capital Management Portfolio holdings
AUM
$534M
1-Year Est. Return
44.37%
This Fund
S&P 500
This Quarter
Est. Return
+1%
1 Year Est. Return
+44.37%
3 Year Est. Return
+42.69%
5 Year Est. Return
+65.06%
10 Year Est. Return
+332.77%
AUM
$1.86B
AUM Growth
-$149M
(-7.4%)
Cap. Flow
-$173M
Cap. Flow
% of AUM
-9.28%
Top 10 Holdings %
Top 10 Hldgs %
77.14%
Holding
64
New
11
Increased
7
Reduced
12
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iHeartMedia
IHRT
|
+$39.7M |
| 2 |
Amplify Energy
AMPY
|
+$25.7M |
| 3 |
Clear Channel Outdoor Holdings
CCO
|
+$9.43M |
| 4 |
DigitalBridge
DBRG
|
+$6.64M |
| 5 |
Global Ship Lease
GSL
|
+$2.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESV
Ensco Rowan plc
ESV
|
+$24M |
| 2 |
ATI
ATI
|
+$17.6M |
| 3 |
Vistra
VST
|
+$14.6M |
| 4 |
Alcoa
AA
|
+$11.1M |
| 5 |
Marathon Petroleum
MPC
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.38% |
| 2 | Technology | 5.8% |
| 3 | Communication Services | 5.32% |
| 4 | Energy | 4.39% |
| 5 | Utilities | 3.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $450M | 24.15% |
1,515,000
-188,700
| -11% | -$55.8M |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $411M | 22.1% |
+1,386,200
| New | +$410M |
|
3
CALL
iShares Russell 2000 ETF
IWM
$80.4B
| $132M | 7.11% |
875,100
-104,900
| -11% | -$16M |
|
4
CALL
SPDR Gold Trust
GLD
$148B
| $83.3M | 4.48% |
600,000
| – | – |
|
|
PKD
5
DELISTED
Parker Drilling Company
PKD
| $62.2M | 3.34% |
3,285,330
| – | – |
|
|
6
Vistra
VST
$51.6B
| $59.2M | 3.18% |
2,216,268
-615,723
| -22% | -$14.6M |
|
|
7
iHeartMedia
IHRT
$419M
| $41.8M | 2.25% |
+2,794,554
| New | +$39.7M |
|
8
Magnachip Semiconductor
MX
$115M
| $37M | 1.99% |
3,644,435
-13,500
| -0.4% | -$142K |
|
|
CMLS
9
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $34.4M | 1.85% |
2,366,939
| – | – |
|
10
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.96B
| $32.1M | 1.72% |
1,260,000
+630,000
| +100% | +$16.9M |
|
11
CALL
PG&E
PCG
$32.6B
| $30M | 1.61% |
+3,000,000
| New | +$45.4M |
|
|
12
Amplify Energy
AMPY
$206M
| $28.1M | 1.51% |
+4,546,694
| New | +$25.7M |
|
13
Howmet Aerospace
HWM
$95.4B
| $24.4M | 1.31% |
1,222,500
| – | – |
|
14
Adient
ADNT
$1.45B
| $21.7M | 1.17% |
945,276
-6,121
| -0.6% | -$140K |
|
|
15
CALL
Marathon Petroleum
MPC
$112B
| $19.7M | 1.06% |
+325,000
| New | +$17.1M |
|
|
FRTA
16
DELISTED
Forterra, Inc
FRTA
| $19.3M | 1.04% |
2,670,088
-72,912
| -3% | -$470K |
|
17
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.2B
| $17.8M | 0.96% |
199,000
+11,000
| +6% | +$1.04M |
|
|
18
Marathon Petroleum
MPC
$112B
| $17M | 0.91% |
280,000
-209,650
| -43% | -$11.1M |
|
|
19
Clear Channel Outdoor Holdings
CCO
$1.22B
| $15.2M | 0.81% |
6,015,067
+3,006,047
| +100% | +$9.43M |
|
|
CIVI
20
DELISTED
Civitas Resources
CIVI
| $13.8M | 0.74% |
618,204
| – | – |
|
21
Assured Guaranty
AGO
$3.25B
| $12.6M | 0.68% |
284,200
| – | – |
|
22
Constellium
CSTM
$3.74B
| $12.1M | 0.65% |
949,823
-639,177
| -40% | -$7.52M |
|
|
FOE
23
DELISTED
Ferro Corporation
FOE
| $10.4M | 0.56% |
875,500
+170,500
| +24% | +$2.16M |
|
|
DBD
24
DELISTED
Diebold Nixdorf Incorporated
DBD
| $8.27M | 0.44% |
738,000
-162,000
| -18% | -$1.92M |
|
|
25
DigitalBridge
DBRG
$2.98B
| $7.72M | 0.42% |
+320,750
| New | +$6.64M |
|
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BOTOTLSJU
Brigade Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Brigade Capital Management held 64 positions worth $1.86B, down 7.4% from $2.01B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Brigade Capital Management withdrew a net $173M in Q3 2019, closing 11 positions and reducing 12 holdings. Its most notable exit was Ensco Rowan plc, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 74% of assets, down from 76% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Brigade Capital Management opened a new position in iHeartMedia worth $41.8M.
- Brigade Capital Management's largest Q3 2019 buy was iHeartMedia: 2,794,554 shares worth $41.8M.
- Brigade Capital Management added most to Clear Channel Outdoor Holdings in Q3 2019, an estimated $9.43M increase.
- Brigade Capital Management's biggest Q3 2019 reduction was Vistra, cutting an estimated $14.6M.
- Brigade Capital Management fully exited Ensco Rowan plc in Q3 2019, selling an estimated $24M.
- Brigade Capital Management's ten largest holdings make up 77% of its $1.86B portfolio in Q3 2019.
- Brigade Capital Management opened 11 new positions and closed 11 in Q3 2019.
- Brigade Capital Management's portfolio value fell 7.4% quarter-over-quarter to $1.86B.
Based on Brigade Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.