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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
-21.75%
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
$2.23B
AUM Growth
+$890M
(+66%)
Cap. Flow
-$219M
Cap. Flow
% of AUM
-9.78%
Top 10 Holdings %
Top 10 Hldgs %
91.32%
Holding
64
New
10
Increased
15
Reduced
6
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Clear Channel Outdoor Holdings
CCO
|
+$14.4M |
| 2 |
VISN
Vistance Networks Inc
VISN
|
+$9.87M |
| 3 |
Constellium
CSTM
|
+$9.36M |
| 4 |
FOE
Ferro Corporation
FOE
|
+$9.26M |
| 5 |
Cheniere Energy
LNG
|
+$5.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PKD
Parker Drilling Company
PKD
|
+$69.6M |
| 2 |
GCVRZ
Sanofi Contingent Value Rights
GCVRZ
|
+$11M |
| 3 |
CIVI
Civitas Resources
CIVI
|
+$6.46M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$5.96M |
| 5 |
FRTA
Forterra, Inc
FRTA
|
+$4.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.33% |
| 2 | Communication Services | 1.99% |
| 3 | Technology | 1.53% |
| 4 | Materials | 1.45% |
| 5 | Utilities | 0.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $746M | 33.42% |
2,896,000
+2,081,000
| +255% | +$635M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $572M | 25.63% |
2,221,000
+1,445,000
| +186% | +$441M |
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.1B
| $231M | 10.35% |
+3,000,000
| New | +$253M |
|
|
4
CALL
iShares Russell 2000 ETF
IWM
$76.2B
| $170M | 7.6% |
+1,482,500
| New | +$221M |
|
5
CALL
Invesco QQQ Trust
QQQ
$473B
| $68.5M | 3.07% |
+360,000
| New | +$76.2M |
|
|
6
PUT
iShares Russell 2000 ETF
IWM
$76.2B
| $45.8M | 2.05% |
+400,000
| New | +$59.6M |
|
7
CALL
PG&E
PCG
$29.3B
| $26.6M | 1.19% |
2,956,600
-43,400
| -1% | -$576K |
|
8
Magnachip Semiconductor
MX
$100M
| $22.6M | 1.01% |
2,056,806
-370,074
| -15% | -$4.49M |
|
9
iHeartMedia
IHRT
$395M
| $20.5M | 0.92% |
2,808,630
+45,901
| +2% | +$675K |
|
|
FOE
10
DELISTED
Ferro Corporation
FOE
| $17.2M | 0.77% |
1,834,000
+728,000
| +66% | +$9.26M |
|
11
CALL
LCI Industries
LCII
$2.11B
| $14M | 0.63% |
+210,000
| New | +$20.5M |
|
12
Vistra
VST
$47.1B
| $13.5M | 0.6% |
845,673
+122,086
| +17% | +$2.48M |
|
|
CMLS
13
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $10.5M | 0.47% |
1,945,329
| – | – |
|
|
14
Clear Channel Outdoor Holdings
CCO
$1.21B
| $9.17M | 0.41% |
14,620,868
+6,757,937
| +86% | +$14.4M |
|
|
15
Constellium
CSTM
$3.48B
| $9.1M | 0.41% |
1,746,000
+870,539
| +99% | +$9.36M |
|
16
Assured Guaranty
AGO
$3.13B
| $9M | 0.4% |
348,800
+64,600
| +23% | +$2.67M |
|
|
VISN
17
Vistance Networks Inc
VISN
$1.51B
| $8.1M | 0.36% |
892,254
+850,254
| +2,024% | +$9.87M |
|
18
Turning Point Brands
TPB
$1.41B
| $6.61M | 0.3% |
313,000
-13,000
| -4% | -$304K |
|
19
Adient
ADNT
$1.39B
| $6.54M | 0.29% |
721,000
-67,776
| -9% | -$1.37M |
|
|
FRTA
20
DELISTED
Forterra, Inc
FRTA
| $5.94M | 0.27% |
988,174
-393,289
| -28% | -$4.49M |
|
|
CLPR
21
Clipper Realty
CLPR
$54.8M
| $5.49M | 0.25% |
1,066,100
+456,860
| +75% | +$4.52M |
|
22
Urban One Class D
UONEK
$19.4M
| $3.75M | 0.17% |
394,322
| – | – |
|
|
23
Cheniere Energy
LNG
$54.8B
| $3.7M | 0.17% |
+111,000
| New | +$5.69M |
|
|
DBD
24
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.39M | 0.15% |
962,000
+281,000
| +41% | +$2.38M |
|
25
DigitalBridge
DBRG
$2.98B
| $3.24M | 0.15% |
474,000
+86,750
| +22% | +$1.38M |
|
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BOTOTLSJU
Brigade Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Brigade Capital Management held 64 positions worth $2.23B, up 66% from $1.34B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Brigade Capital Management withdrew a net $219M in Q1 2020, closing 14 positions and reducing 6 holdings. Its most notable exit was Parker Drilling Company, an estimated $69.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 71% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Brigade Capital Management opened a new position in Cheniere Energy worth $3.7M.
- Brigade Capital Management's largest Q1 2020 buy was Cheniere Energy: 111,000 shares worth $3.7M.
- Brigade Capital Management added most to Clear Channel Outdoor Holdings in Q1 2020, an estimated $14.4M increase.
- Brigade Capital Management's biggest Q1 2020 reduction was Forterra, Inc, cutting an estimated $4.49M.
- Brigade Capital Management fully exited Parker Drilling Company in Q1 2020, selling an estimated $69.6M.
- Brigade Capital Management's ten largest holdings make up 91% of its $2.23B portfolio in Q1 2020.
- Brigade Capital Management opened 10 new positions and closed 14 in Q1 2020.
- Brigade Capital Management's portfolio value rose 66% quarter-over-quarter to $2.23B.
Based on Brigade Capital Management's 13F filing for Q1 2020, filed 15 May 2020.