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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
+5.66%
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
$751M
AUM Growth
-$123M
(-14%)
Cap. Flow
-$340M
Cap. Flow
% of AUM
-45.24%
Top 10 Holdings %
Top 10 Hldgs %
74%
Holding
50
New
5
Increased
4
Reduced
13
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goodyear
GT
|
+$2.88M |
| 2 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$2.04M |
| 3 |
LUXE
LuxExperience B.V.
LUXE
|
+$1.97M |
| 4 |
AVYA
Avaya Holdings Corp. Common Stock
AVYA
|
+$1.49M |
| 5 |
VISN
Vistance Networks Inc
VISN
|
+$1.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$27.6M |
| 2 |
Valaris
VAL
|
+$27.3M |
| 3 |
GrafTech
EAF
|
+$11.5M |
| 4 |
CIVI
Civitas Resources
CIVI
|
+$7.98M |
| 5 |
PG&E
PCG
|
+$6.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 12.38% |
| 2 | Communication Services | 5.67% |
| 3 | Technology | 4.9% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Real Estate | 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
| $144M | 19.18% |
+1,750,000
| New | +$146M |
|
|
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $82.3M | 10.96% |
+1,000,000
| New | +$83.6M |
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $56.5M | 7.52% |
+125,000
| New | +$55.7M |
|
|
4
Valaris
VAL
$5.51B
| $43.8M | 5.84% |
843,017
-631,505
| -43% | -$27.3M |
|
5
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $39.3M | 5.23% |
325,000
-1,175,000
| -78% | -$147M |
|
6
Clear Channel Outdoor Holdings
CCO
$1.23B
| $33.7M | 4.48% |
9,727,323
-917,602
| -9% | -$3.12M |
|
|
CIVI
7
DELISTED
Civitas Resources
CIVI
| $24.7M | 3.29% |
414,002
-146,796
| -26% | -$7.98M |
|
8
Magnachip Semiconductor
MX
$128M
| $22M | 2.93% |
1,299,289
-3,591
| -0.3% | -$64.5K |
|
|
EXE
9
Expand Energy Corp
EXE
$21.9B
| $15.1M | 2.01% |
173,975
-376,193
| -68% | -$27.6M |
|
|
VISN
10
Vistance Networks Inc
VISN
$2.66B
| $11.1M | 1.48% |
1,414,307
+123,000
| +10% | +$1.13M |
|
|
LUCK
11
Lucky Strike Entertainment
LUCK
$938M
| $10.3M | 1.37% |
964,199
-35,801
| -4% | -$331K |
|
12
Noble Corp
NE
$6.9B
| $7.35M | 0.98% |
209,826
| – | – |
|
13
iHeartMedia
IHRT
$535M
| $6.97M | 0.93% |
368,767
| – | – |
|
|
CLPR
14
Clipper Realty
CLPR
$46.5M
| $6.59M | 0.88% |
726,599
-148,125
| -17% | -$1.38M |
|
|
15
PG&E
PCG
$47.8B
| $6.27M | 0.83% |
524,820
-588,070
| -53% | -$6.95M |
|
16
NMI Holdings
NMIH
$3.25B
| $3.26M | 0.43% |
158,000
-171,500
| -52% | -$4M |
|
|
QVCGA
17
DELISTED
QVC Group Inc Series A
QVCGA
| $2.98M | 0.4% |
12,520
+6,400
| +105% | +$2.04M |
|
|
AVYA
18
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $2.92M | 0.39% |
230,500
+95,500
| +71% | +$1.49M |
|
19
Turning Point Brands
TPB
$1.47B
| $2.69M | 0.36% |
78,960
-85,000
| -52% | -$2.88M |
|
|
BRSL
20
Brightstar Lottery PLC
BRSL
$1.91B
| $2.59M | 0.35% |
105,000
| – | – |
|
21
VanEck Junior Gold Miners ETF
GDXJ
$7.06B
| $2.46M | 0.33% |
52,500
| – | – |
|
|
22
Goodyear
GT
$2.07B
| $2.31M | 0.31% |
+162,000
| New | +$2.88M |
|
|
FYBR
23
DELISTED
Frontier Communications
FYBR
| $1.94M | 0.26% |
70,000
-35,000
| -33% | -$964K |
|
24
SandRidge Energy
SD
$510M
| $1.92M | 0.26% |
119,984
| – | – |
|
|
LUXE
25
LuxExperience B.V.
LUXE
$1.1B
| $1.59M | 0.21% |
+130,000
| New | +$1.97M |
|
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Brigade Capital Management's Q1 2022 Portfolio in Review
As of Q1 2022, Brigade Capital Management held 50 positions worth $751M, down 14% from $874M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Brigade Capital Management withdrew a net $340M in Q1 2022, closing 11 positions and reducing 13 holdings. Its most notable exit was GrafTech, an estimated $11.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 12% of assets, down from 14% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Brigade Capital Management opened a new position in Goodyear worth $2.31M.
- Brigade Capital Management's largest Q1 2022 buy was Goodyear: 162,000 shares worth $2.31M.
- Brigade Capital Management added most to QVC Group Inc Series A in Q1 2022, an estimated $2.04M increase.
- Brigade Capital Management's biggest Q1 2022 reduction was Expand Energy Corp, cutting an estimated $27.6M.
- Brigade Capital Management fully exited GrafTech in Q1 2022, selling an estimated $11.5M.
- Brigade Capital Management's ten largest holdings make up 74% of its $751M portfolio in Q1 2022.
- Brigade Capital Management opened 5 new positions and closed 11 in Q1 2022.
- Brigade Capital Management's portfolio value fell 14% quarter-over-quarter to $751M.
Based on Brigade Capital Management's 13F filing for Q1 2022, filed 16 May 2022.