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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
-4.01%
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
$221M
AUM Growth
-$698M
Cap. Flow
-$752M
Cap. Flow %
-340.3%
Top 10 Hldgs %
94.22%
Holding
26
New
2
Increased
3
Reduced
2
Closed
9

Top Buys

Rank Stock Value
1
WE
WeWork Inc.
WE
+$5.81M
2
AGS
PlayAGS
AGS
+$5.12M
3
MLCO icon
Melco Resorts & Entertainment
MLCO
+$1.92M
4
ECVT icon
Ecovyst
ECVT
+$1.56M

Top Sells

Rank Stock Value
1
VAL icon
Valaris
VAL
+$13.9M
2
CCO icon
Clear Channel Outdoor Holdings
CCO
+$3.19M
3
BRSL
Brightstar Lottery PLC
BRSL
+$2.81M
4
LUXE
LuxExperience B.V.
LUXE
+$915K
5
LUCK
Lucky Strike Entertainment
LUCK
+$424K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 7.56%
2 Communication Services 5.17%
3 Materials 4.11%
4 Technology 3.97%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LQD icon
1
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$108M 48.91%
1,000,000
-1,500,000
-60% -$162M
AGS
2
DELISTED
PlayAGS
AGS
$10.7M 4.82%
1,886,000
+876,000
+87% +$5.12M
CCO icon
3
Clear Channel Outdoor Holdings
CCO
$1.23B
$10.1M 4.56%
7,365,689
-2,562,601
-26% -$3.19M
ECVT icon
4
Ecovyst
ECVT
$1.36B
$9.09M 4.11%
793,000
+143,000
+22% +$1.56M
VISN
5
Vistance Networks Inc
VISN
$2.66B
$8.79M 3.97%
1,560,483
– –
WE
6
DELISTED
WeWork Inc.
WE
$4.19M 1.9%
+419,953
New +$5.81M
MLCO icon
7
Melco Resorts & Entertainment
MLCO
$2.1B
$3.14M 1.42%
257,000
+155,000
+152% +$1.92M
QVCGA
8
DELISTED
QVC Group Inc Series A
QVCGA
$2.92M 1.32%
58,352
– –
IHRT icon
9
iHeartMedia
IHRT
$535M
$1.34M 0.61%
368,767
– –
PGTI
10
CALL
DELISTED
PGT, Inc.
PGTI
$1.34M 0.61%
+46,000
New +$1.21M
SD icon
11
SandRidge Energy
SD
$510M
$745K 0.34%
48,882
– –
VST.WS.A
12
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$1.71K ﹤0.01%
28,415
– –
BRSL
13
Brightstar Lottery PLC
BRSL
$1.91B
– –
-105,000
Closed -$2.81M
IWM icon
14
CALL
iShares Russell 2000 ETF
IWM
$80.9B
– –
-900,000
Closed -$161M
IWM icon
15
PUT
iShares Russell 2000 ETF
IWM
$80.9B
– –
-230,000
Closed -$41M
LUXE
16
LuxExperience B.V.
LUXE
$1.1B
– –
-130,000
Closed -$915K
QQQ icon
17
PUT
Invesco QQQ Trust
QQQ
$455B
– –
-4,000
Closed -$1.28M
TLT icon
18
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
– –
-3,000,000
Closed -$319M
VAL icon
19
Valaris
VAL
$5.51B
– –
-214,000
Closed -$13.9M
VAL.WS icon
20
Valaris Ltd Warrants
VAL.WS
$724M
– –
-7,918
Closed -$87.1K
LUCK
21
Lucky Strike Entertainment
LUCK
$938M
– –
-25,000
Closed -$424K

Similar funds

OC
Oarsman Capital Milwaukee, Wisconsin $806M AUM 19.96% 1-Year Est. Return
RIM
Redwood Investment Management Scottsdale, Arizona $805M AUM 15.01% 1-Year Est. Return
GCM
Glendon Capital Management Santa Monica, California $805M AUM 17.91% 1-Year Est. Return
DWA
Dorsey Wright & Associates Pasadena, California $807M AUM 65.46% 1-Year Est. Return
CL
CVFG LLC Shelbyville, Indiana $804M AUM 27.61% 1-Year Est. Return
AF
Ally Financial Detroit, Michigan $804M AUM 0.18% 1-Year Est. Return
OWA
One Wealth Advisors San Francisco, California $803M AUM 17.67% 1-Year Est. Return
BDWCC
B&D White Capital Company Lakeway, Texas $809M AUM 19.33% 1-Year Est. Return

Brigade Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Brigade Capital Management held 26 positions worth $221M, down 76% from $919M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brigade Capital Management withdrew a net $752M in Q2 2023, closing 9 positions and reducing 2 holdings. Its most notable exit was Valaris, an estimated $13.9M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 7.6% of assets, up from 1.7% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Brigade Capital Management opened a new position in WeWork Inc. worth $4.19M.

  • Brigade Capital Management's largest Q2 2023 buy was WeWork Inc.: 419,953 shares worth $4.19M.
  • Brigade Capital Management added most to PlayAGS in Q2 2023, an estimated $5.12M increase.
  • Brigade Capital Management's biggest Q2 2023 reduction was Clear Channel Outdoor Holdings, cutting an estimated $3.19M.
  • Brigade Capital Management fully exited Valaris in Q2 2023, selling an estimated $13.9M.
  • Brigade Capital Management's ten largest holdings make up 94% of its $221M portfolio in Q2 2023.
  • Brigade Capital Management opened 2 new positions and closed 9 in Q2 2023.
  • Brigade Capital Management's portfolio value fell 76% quarter-over-quarter to $221M.

Based on Brigade Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.