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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
+2.71%
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
$919M
AUM Growth
+$564M
Cap. Flow
+$500M
Cap. Flow %
54.39%
Top 10 Hldgs %
96.49%
Holding
30
New
8
Increased
3
Reduced
2
Closed
6

Top Buys

Rank Stock Value
1
ECVT icon
Ecovyst
ECVT
+$6.72M
2
AGS
PlayAGS
AGS
+$6.3M
3
QVCGA
QVC Group Inc Series A
QVCGA
+$4.69M
4
VISN
Vistance Networks Inc
VISN
+$3.36M
5
CCO icon
Clear Channel Outdoor Holdings
CCO
+$2.04M

Top Sells

Rank Stock Value
1
VAL icon
Valaris
VAL
+$27.9M
2
NE icon
Noble Corp
NE
+$13.6M
3
EXE
Expand Energy Corp
EXE
+$10.9M
4
LUCK
Lucky Strike Entertainment
LUCK
+$10.1M
5
BKLN icon
Invesco Senior Loan ETF
BKLN
+$8.42M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 1.69%
2 Energy 1.59%
3 Communication Services 1.45%
4 Technology 1.08%
5 Materials 0.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TLT icon
1
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$319M 34.71%
+3,000,000
New +$314M
LQD icon
2
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$274M 29.81%
+2,500,000
New +$271M
IWM icon
3
CALL
iShares Russell 2000 ETF
IWM
$80.9B
$161M 17.47%
+900,000
New +$166M
IWM icon
4
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$41M 4.46%
+230,000
New +$42.3M
VAL icon
5
Valaris
VAL
$5.51B
$13.9M 1.51%
214,000
-399,690
-65% -$27.9M
CCO icon
6
Clear Channel Outdoor Holdings
CCO
$1.23B
$11.9M 1.3%
9,928,290
+1,385,874
+16% +$2.04M
VISN
7
Vistance Networks Inc
VISN
$2.66B
$9.94M 1.08%
1,560,483
+443,826
+40% +$3.36M
AGS
8
DELISTED
PlayAGS
AGS
$7.22M 0.79%
+1,010,000
New +$6.3M
ECVT icon
9
Ecovyst
ECVT
$1.36B
$7.18M 0.78%
+650,000
New +$6.72M
QVCGA
10
DELISTED
QVC Group Inc Series A
QVCGA
$2.84M 0.31%
58,352
+52,232
+853% +$4.69M
BRSL
11
Brightstar Lottery PLC
BRSL
$1.91B
$2.81M 0.31%
105,000
– –
IHRT icon
12
iHeartMedia
IHRT
$535M
$1.43M 0.16%
368,767
– –
MLCO icon
13
Melco Resorts & Entertainment
MLCO
$2.1B
$1.3M 0.14%
+102,000
New +$1.31M
QQQ icon
14
PUT
Invesco QQQ Trust
QQQ
$455B
$1.28M 0.14%
+4,000
New +$1.18M
LUXE
15
LuxExperience B.V.
LUXE
$1.1B
$915K 0.1%
130,000
– –
SD icon
16
SandRidge Energy
SD
$510M
$704K 0.08%
48,882
– –
LUCK
17
Lucky Strike Entertainment
LUCK
$938M
$424K 0.05%
25,000
-679,227
-96% -$10.1M
VAL.WS icon
18
Valaris Ltd Warrants
VAL.WS
$724M
$87.1K 0.01%
7,918
– –
VST.WS.A
19
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$2.98K ﹤0.01%
28,415
– –
BKLN icon
20
Invesco Senior Loan ETF
BKLN
$7.1B
– –
-410,000
Closed -$8.42M
IRS.WS
21
DELISTED
IRSA Inversiones y Representaciones S.A. Warrants
IRS.WS
– –
-142,630
Closed -$1.43K
LQD icon
22
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
– –
-1,500,000
Closed -$158M
MX icon
23
Magnachip Semiconductor
MX
$128M
– –
-599,000
Closed -$5.62M
NE icon
24
Noble Corp
NE
$6.9B
– –
-360,125
Closed -$13.6M
EXE
25
Expand Energy Corp
EXE
$21.9B
– –
-115,975
Closed -$10.9M

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OC
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RIM
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GCM
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DWA
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Brigade Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Brigade Capital Management held 30 positions worth $919M, up 158% from $356M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Brigade Capital Management deployed $500M of net new capital in Q1 2023, opening 8 new positions and adding to 3 existing holdings. Its largest new stake was Ecovyst: 650,000 shares worth $7.18M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 1.7% of assets, down from 3.8% a quarter earlier, followed by Energy and Communication Services.

On the sell side, the largest reduction was Valaris, an estimated $27.9M trimmed.

  • Brigade Capital Management's largest Q1 2023 buy was Ecovyst: 650,000 shares worth $7.18M.
  • Brigade Capital Management added most to QVC Group Inc Series A in Q1 2023, an estimated $4.69M increase.
  • Brigade Capital Management's biggest Q1 2023 reduction was Valaris, cutting an estimated $27.9M.
  • Brigade Capital Management fully exited Noble Corp in Q1 2023, selling an estimated $13.6M.
  • Brigade Capital Management's ten largest holdings make up 96% of its $919M portfolio in Q1 2023.
  • Brigade Capital Management opened 8 new positions and closed 6 in Q1 2023.
  • Brigade Capital Management's portfolio value rose 158% quarter-over-quarter to $919M.

Based on Brigade Capital Management's 13F filing for Q1 2023, filed 15 May 2023.