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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
+1.92%
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
$1.22B
AUM Growth
-$451M
(-27%)
Cap. Flow
-$664M
Cap. Flow
% of AUM
-54.6%
Top 10 Holdings %
Top 10 Hldgs %
74.61%
Holding
58
New
3
Increased
6
Reduced
13
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Magnachip Semiconductor
MX
|
+$3.36M |
| 2 |
VISN
Vistance Networks Inc
VISN
|
+$2.38M |
| 3 |
DBD
Diebold Nixdorf Incorporated
DBD
|
+$1.97M |
| 4 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$1.17M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$956K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$31.1M |
| 2 |
XOG
Extraction Oil & Gas, Inc. Common Stock
XOG
|
+$17.2M |
| 3 |
Albertsons Companies
ACI
|
+$15.5M |
| 4 |
Valaris
VAL
|
+$7.33M |
| 5 |
Noble Corp
NE
|
+$4.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 15.04% |
| 2 | Communication Services | 3.79% |
| 3 | Technology | 3.48% |
| 4 | Utilities | 2.55% |
| 5 | Industrials | 1.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
SPDR Gold Trust
GLD
$131B
| $256M | 21.06% |
1,560,000
| – | – |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $222M | 18.24% |
517,000
+167,000
| +48% | +$73.7M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $80.4M | 6.61% |
367,500
-382,500
| -51% | -$84.8M |
|
|
XOG
4
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $64.6M | 5.31% |
1,144,396
-358,415
| -24% | -$17.2M |
|
|
EXE
5
Expand Energy Corp
EXE
$21.9B
| $58.4M | 4.8% |
947,785
-554,497
| -37% | -$31.1M |
|
|
6
Valaris
VAL
$5.51B
| $51.2M | 4.21% |
1,468,522
-255,130
| -15% | -$7.33M |
|
7
Clear Channel Outdoor Holdings
CCO
$1.23B
| $28.8M | 2.37% |
10,627,287
-635,574
| -6% | -$1.59M |
|
8
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $21.8M | 1.79% |
+225,000
| New | +$19.1M |
|
|
9
Magnachip Semiconductor
MX
$128M
| $21.3M | 1.75% |
1,198,548
+168,595
| +16% | +$3.36M |
|
10
CALL
PG&E
PCG
$47.8B
| $18.7M | 1.54% |
1,951,200
| – | – |
|
|
11
PG&E
PCG
$47.8B
| $15.2M | 1.25% |
1,583,890
-207,566
| -12% | -$1.96M |
|
|
VISN
12
Vistance Networks Inc
VISN
$2.66B
| $13.4M | 1.1% |
983,307
+138,307
| +16% | +$2.38M |
|
13
GrafTech
EAF
$194M
| $10M | 0.82% |
96,900
| – | – |
|
14
Turning Point Brands
TPB
$1.47B
| $9.02M | 0.74% |
188,960
-6,538
| -3% | -$313K |
|
15
iHeartMedia
IHRT
$535M
| $8.73M | 0.72% |
348,767
+16,767
| +5% | +$413K |
|
16
FirstEnergy
FE
$28.9B
| $7.46M | 0.61% |
209,500
-81,000
| -28% | -$3.07M |
|
17
NMI Holdings
NMIH
$3.25B
| $7.45M | 0.61% |
329,500
| – | – |
|
|
CLPR
18
Clipper Realty
CLPR
$46.5M
| $7.08M | 0.58% |
874,724
| – | – |
|
19
Vistra
VST
$55.1B
| $6.77M | 0.56% |
395,900
| – | – |
|
|
QVCGA
20
DELISTED
QVC Group Inc Series A
QVCGA
| $5.92M | 0.49% |
11,620
+1,700
| +17% | +$956K |
|
|
AVYA
21
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $4.56M | 0.38% |
230,500
+29,500
| +15% | +$651K |
|
|
22
Noble Corp
NE
$6.9B
| $4.48M | 0.37% |
165,826
-195,038
| -54% | -$4.66M |
|
|
TGI
23
DELISTED
Triumph Group
TGI
| $4.47M | 0.37% |
240,000
| – | – |
|
|
FYBR
24
DELISTED
Frontier Communications
FYBR
| $4.32M | 0.35% |
154,811
-106,503
| -41% | -$3.17M |
|
25
Sinclair Inc
SBGI
$974M
| $4.28M | 0.35% |
135,000
| – | – |
|
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Brigade Capital Management's Q3 2021 Portfolio in Review
As of Q3 2021, Brigade Capital Management held 58 positions worth $1.22B, down 27% from $1.67B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Brigade Capital Management withdrew a net $664M in Q3 2021, closing 9 positions and reducing 13 holdings. Its most notable exit was Edison International, an estimated $3.18M position sold in full.
By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 13% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Brigade Capital Management opened a new position in Diebold Nixdorf Incorporated worth $1.82M.
- Brigade Capital Management's largest Q3 2021 buy was Diebold Nixdorf Incorporated: 180,000 shares worth $1.82M.
- Brigade Capital Management added most to Magnachip Semiconductor in Q3 2021, an estimated $3.36M increase.
- Brigade Capital Management's biggest Q3 2021 reduction was Expand Energy Corp, cutting an estimated $31.1M.
- Brigade Capital Management fully exited Edison International in Q3 2021, selling an estimated $3.18M.
- Brigade Capital Management's ten largest holdings make up 75% of its $1.22B portfolio in Q3 2021.
- Brigade Capital Management opened 3 new positions and closed 9 in Q3 2021.
- Brigade Capital Management's portfolio value fell 27% quarter-over-quarter to $1.22B.
Based on Brigade Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.