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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
+19.42%
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
$2.36B
AUM Growth
+$124M
(+5.6%)
Cap. Flow
-$377M
Cap. Flow
% of AUM
-16%
Top 10 Holdings %
Top 10 Hldgs %
90.57%
Holding
69
New
16
Increased
14
Reduced
12
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OneMain Financial
OMF
|
+$10.4M |
| 2 |
TRTX
TPG RE Finance Trust
TRTX
|
+$6.3M |
| 3 |
Clear Channel Outdoor Holdings
CCO
|
+$4.11M |
| 4 |
PG&E
PCG
|
+$3.92M |
| 5 |
HCA Healthcare
HCA
|
+$1.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Assured Guaranty
AGO
|
+$9M |
| 2 |
Urban One Class D
UONEK
|
+$3.75M |
| 3 |
DigitalBridge
DBRG
|
+$3.24M |
| 4 |
Constellium
CSTM
|
+$2.58M |
| 5 |
Cheniere Energy
LNG
|
+$1.74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 1.9% |
| 2 | Technology | 1.46% |
| 3 | Materials | 0.91% |
| 4 | Utilities | 0.77% |
| 5 | Real Estate | 0.75% |
| 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
| $883M | 37.46% |
2,864,000
+643,000
| +29% | +$188M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $535M | 22.7% |
3,737,500
+3,337,500
| +834% | +$438M |
|
|
3
CALL
iShares Russell 2000 ETF
IWM
$80.9B
| $289M | 12.26% |
2,019,000
+536,500
| +36% | +$70.4M |
|
|
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $158M | 6.68% |
511,000
-2,385,000
| -82% | -$698M |
|
5
CALL
SPDR Gold Trust
GLD
$131B
| $60.3M | 2.56% |
+360,000
| New | +$58.1M |
|
6
CALL
iShares Silver Trust
SLV
$28.1B
| $35.7M | 1.52% |
+2,100,000
| New | +$32.1M |
|
7
iHeartMedia
IHRT
$535M
| $23.9M | 1.01% |
2,861,787
+53,157
| +2% | +$414K |
|
8
Magnachip Semiconductor
MX
$128M
| $21.2M | 0.9% |
2,056,806
| – | – |
|
|
FOE
9
DELISTED
Ferro Corporation
FOE
| $21M | 0.89% |
1,761,000
-73,000
| -4% | -$785K |
|
|
10
Clear Channel Outdoor Holdings
CCO
$1.23B
| $19.4M | 0.82% |
18,988,488
+4,367,620
| +30% | +$4.11M |
|
11
CALL
Occidental Petroleum
OXY
$57B
| $15.6M | 0.66% |
+851,000
| New | +$13.4M |
|
12
Vistra
VST
$55.1B
| $15M | 0.64% |
804,935
-40,738
| -5% | -$768K |
|
|
13
OneMain Financial
OMF
$6.9B
| $11.2M | 0.47% |
+455,000
| New | +$10.4M |
|
|
FRTA
14
DELISTED
Forterra, Inc
FRTA
| $10.7M | 0.46% |
963,000
-25,174
| -3% | -$208K |
|
|
15
Constellium
CSTM
$3.96B
| $10.7M | 0.45% |
1,391,000
-355,000
| -20% | -$2.58M |
|
16
Adient
ADNT
$1.6B
| $10.3M | 0.44% |
630,000
-91,000
| -13% | -$1.38M |
|
|
CLPR
17
Clipper Realty
CLPR
$46.5M
| $8.68M | 0.37% |
1,072,086
+5,986
| +0.6% | +$37.6K |
|
|
CMLS
18
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $7.68M | 0.33% |
1,945,329
| – | – |
|
19
Turning Point Brands
TPB
$1.47B
| $7.59M | 0.32% |
304,798
-8,202
| -3% | -$188K |
|
|
TRTX
20
TPG RE Finance Trust
TRTX
$666M
| $7.46M | 0.32% |
+867,300
| New | +$6.3M |
|
|
VISN
21
Vistance Networks Inc
VISN
$2.66B
| $7.43M | 0.32% |
892,254
| – | – |
|
|
DBD
22
DELISTED
Diebold Nixdorf Incorporated
DBD
| $5.92M | 0.25% |
976,000
+14,000
| +1% | +$69.1K |
|
23
Amplify Energy
AMPY
$163M
| $4.11M | 0.17% |
3,316,069
-642,249
| -16% | -$769K |
|
|
24
Cheniere Energy
LNG
$56.5B
| $3.43M | 0.15% |
71,100
-39,900
| -36% | -$1.74M |
|
25
Transocean
RIG
$5.92B
| $3.39M | 0.14% |
1,850,014
+150,000
| +9% | +$233K |
|
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BDWCC
Brigade Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Brigade Capital Management held 69 positions worth $2.36B, up 5.6% from $2.23B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Brigade Capital Management withdrew a net $377M in Q2 2020, closing 12 positions and reducing 12 holdings. Its most notable exit was Assured Guaranty, an estimated $9M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 1.9% of assets, up from 1.5% a quarter earlier, followed by Technology and Materials.
Against the trend, Brigade Capital Management opened a new position in OneMain Financial worth $11.2M.
- Brigade Capital Management's largest Q2 2020 buy was OneMain Financial: 455,000 shares worth $11.2M.
- Brigade Capital Management added most to Clear Channel Outdoor Holdings in Q2 2020, an estimated $4.11M increase.
- Brigade Capital Management's biggest Q2 2020 reduction was Constellium, cutting an estimated $2.58M.
- Brigade Capital Management fully exited Assured Guaranty in Q2 2020, selling an estimated $9M.
- Brigade Capital Management's ten largest holdings make up 91% of its $2.36B portfolio in Q2 2020.
- Brigade Capital Management opened 16 new positions and closed 12 in Q2 2020.
- Brigade Capital Management's portfolio value rose 5.6% quarter-over-quarter to $2.36B.
Based on Brigade Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.