We are live on
!
Find out more
BCM
Brigade Capital Management Portfolio holdings
AUM
$806M
1-Year Est. Return
20.71%
This Fund
S&P 500
This Quarter
Est. Return
+22.48%
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
$1.73B
AUM Growth
-$713M
(-29%)
Cap. Flow
-$1.15B
Cap. Flow
% of AUM
-66.19%
Top 10 Holdings %
Top 10 Hldgs %
80.85%
Holding
62
New
4
Increased
7
Reduced
20
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FirstEnergy
FE
|
+$6.28M |
| 2 |
HMHC
Houghton Mifflin Harcourt Company
HMHC
|
+$4.34M |
| 3 |
Sinclair Inc
SBGI
|
+$3.22M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$2.9M |
| 5 |
NRG Energy
NRG
|
+$2.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Magnachip Semiconductor
MX
|
+$16.4M |
| 2 |
OneMain Financial
OMF
|
+$14.2M |
| 3 |
FRTA
Forterra, Inc
FRTA
|
+$12.5M |
| 4 |
Adient
ADNT
|
+$9.92M |
| 5 |
FOE
Ferro Corporation
FOE
|
+$9.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 4.04% |
| 2 | Utilities | 3.27% |
| 3 | Technology | 1.63% |
| 4 | Consumer Discretionary | 1.09% |
| 5 | Materials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $611M | 35.31% |
7,000,000
+1,000,000
| +17% | +$85.6M |
|
2
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $276M | 15.96% |
+2,000,000
| New | +$272M |
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $183M | 10.59% |
490,000
-1,624,000
| -77% | -$576M |
|
4
CALL
SPDR Gold Trust
GLD
$131B
| $64.2M | 3.71% |
360,000
| – | – |
|
5
CALL
iShares Silver Trust
SLV
$28.1B
| $51.6M | 2.98% |
2,100,000
| – | – |
|
6
iHeartMedia
IHRT
$535M
| $31.2M | 1.8% |
2,405,911
-455,876
| -16% | -$4.69M |
|
7
Clear Channel Outdoor Holdings
CCO
$1.23B
| $27.6M | 1.59% |
16,709,488
-1,830,000
| -10% | -$2.3M |
|
8
PG&E
PCG
$47.8B
| $24.3M | 1.4% |
1,951,456
| – | – |
|
|
9
CALL
PG&E
PCG
$47.8B
| $24.3M | 1.4% |
1,951,200
+45,200
| +2% | +$511K |
|
10
Vistra
VST
$55.1B
| $17.1M | 0.99% |
869,724
-540
| -0.1% | -$10.1K |
|
|
FOE
11
DELISTED
Ferro Corporation
FOE
| $15.7M | 0.91% |
1,070,127
-650,873
| -38% | -$9.03M |
|
|
CMLS
12
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $15.4M | 0.89% |
1,766,111
-179,218
| -9% | -$1.26M |
|
13
Constellium
CSTM
$3.96B
| $14.2M | 0.82% |
1,017,000
-320,000
| -24% | -$3.62M |
|
14
Turning Point Brands
TPB
$1.47B
| $13M | 0.75% |
292,798
-32,000
| -10% | -$1.21M |
|
|
15
Magnachip Semiconductor
MX
$128M
| $11.7M | 0.68% |
867,397
-1,189,409
| -58% | -$16.4M |
|
|
VISN
16
Vistance Networks Inc
VISN
$2.66B
| $10.6M | 0.61% |
788,000
-129,000
| -14% | -$1.42M |
|
|
17
Adient
ADNT
$1.6B
| $9.66M | 0.56% |
277,931
-352,069
| -56% | -$9.92M |
|
|
18
FirstEnergy
FE
$28.9B
| $8.89M | 0.51% |
290,500
+209,500
| +259% | +$6.28M |
|
|
HMHC
19
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $6.29M | 0.36% |
1,889,102
+1,456,102
| +336% | +$4.34M |
|
|
CLPR
20
Clipper Realty
CLPR
$46.5M
| $6.17M | 0.36% |
874,724
-197,330
| -18% | -$1.22M |
|
|
DBD
21
DELISTED
Diebold Nixdorf Incorporated
DBD
| $6M | 0.35% |
562,888
-231,000
| -29% | -$2.1M |
|
22
Cheniere Energy
LNG
$56.5B
| $5.35M | 0.31% |
89,100
+18,000
| +25% | +$965K |
|
|
23
Sinclair Inc
SBGI
$974M
| $4.3M | 0.25% |
+135,000
| New | +$3.22M |
|
24
Red Rock Resorts
RRR
$3.74B
| $3.48M | 0.2% |
139,000
| – | – |
|
25
Edison International
EIX
$30.7B
| $3.45M | 0.2% |
55,000
| – | – |
|
Similar funds
OC
RIM
GCM
DWA
CL
AF
OWA
BDWCC
Brigade Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Brigade Capital Management held 62 positions worth $1.73B, down 29% from $2.44B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Brigade Capital Management withdrew a net $1.15B in Q4 2020, closing 5 positions and reducing 20 holdings. Its most notable exit was OneMain Financial, an estimated $14.2M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 4% of assets, up from 1.8% a quarter earlier, followed by Utilities and Technology.
Against the trend, Brigade Capital Management opened a new position in Sinclair Inc worth $4.3M.
- Brigade Capital Management's largest Q4 2020 buy was Sinclair Inc: 135,000 shares worth $4.3M.
- Brigade Capital Management added most to FirstEnergy in Q4 2020, an estimated $6.28M increase.
- Brigade Capital Management's biggest Q4 2020 reduction was Magnachip Semiconductor, cutting an estimated $16.4M.
- Brigade Capital Management fully exited OneMain Financial in Q4 2020, selling an estimated $14.2M.
- Brigade Capital Management's ten largest holdings make up 81% of its $1.73B portfolio in Q4 2020.
- Brigade Capital Management opened 4 new positions and closed 5 in Q4 2020.
- Brigade Capital Management's portfolio value fell 29% quarter-over-quarter to $1.73B.
Based on Brigade Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.