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BCM

Brigade Capital Management Portfolio holdings

AUM $534M
1-Year Est. Return 44.37%
This Fund
S&P 500
This Quarter Est. Return
-3.96%
1 Year Est. Return
+44.37%
3 Year Est. Return
+42.69%
5 Year Est. Return
+65.06%
10 Year Est. Return
+332.77%
AUM
$458M
AUM Growth
+$237M
Cap. Flow
-$40.5M
Cap. Flow %
-8.84%
Top 10 Hldgs %
94.71%
Holding
25
New
8
Increased
–
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
GFR icon
Greenfire Resources
GFR
+$34.3M
2
VST icon
Vistra
VST
+$1.78M

Top Sells

Rank Stock Value
1
VISN
Vistance Networks Inc
VISN
+$5.34M
2
WE
WeWork Inc.
WE
+$4.19M
3
MLCO icon
Melco Resorts & Entertainment
MLCO
+$3.14M
4
QVCGA
QVC Group Inc Series A
QVCGA
+$1.76M
5
IHRT icon
iHeartMedia
IHRT
+$874K

Sector Composition

Rank Sector Weight
1 Miscellaneous 86.61%
2 Energy 5.76%
3 Consumer Discretionary 2.67%
4 Communication Services 2.64%
5 Materials 1.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LQD icon
1
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.3B
$102M 22.28%
+1,000,000
New +$105M
HYG icon
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.2B
$97.3M 21.25%
+1,320,000
New +$98.6M
XHB icon
3
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.29B
$65.9M 14.38%
+860,000
New +$69.9M
XRT icon
4
PUT
State Street SPDR S&P Retail ETF
XRT
$400M
$38.2M 8.33%
+627,000
New +$40.2M
PII icon
5
PUT
Polaris
PII
$3.26B
$30.1M 6.59%
+289,500
New +$34.4M
GFR icon
6
Greenfire Resources
GFR
$975M
$25.6M 5.6%
+5,176,040
New +$34.3M
AGS
7
DELISTED
PlayAGS
AGS
$11.7M 2.56%
1,798,047
-87,953
-5% -$588K
CCO icon
8
Clear Channel Outdoor Holdings
CCO
$1.22B
$11.6M 2.54%
7,365,689
– –
ECVT icon
9
Ecovyst
ECVT
$1.19B
$7.8M 1.7%
793,000
– –
LOGI icon
10
PUT
Logitech
LOGI
$14.4B
$2.96M 0.65%
+43,000
New +$2.9M
VST icon
11
Vistra
VST
$47.7B
$1.96M 0.43%
+59,200
New +$1.78M
PGTI
12
CALL
DELISTED
PGT, Inc.
PGTI
$1.28M 0.28%
46,000
– –
VISN
13
Vistance Networks Inc
VISN
$1.54B
$864K 0.19%
257,000
-1,303,483
-84% -$5.34M
SD icon
14
SandRidge Energy
SD
$540M
$765K 0.17%
48,882
– –
QVCGA
15
DELISTED
QVC Group Inc Series A
QVCGA
$507K 0.11%
16,700
-41,652
-71% -$1.76M
IHRT icon
16
iHeartMedia
IHRT
$407M
$433K 0.09%
137,000
-231,767
-63% -$874K
VST.WS.A
17
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$4.62K ﹤0.01%
28,415
– –
LQD icon
18
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.3B
– –
-1,000,000
Closed -$108M
MLCO icon
19
Melco Resorts & Entertainment
MLCO
$1.75B
– –
-257,000
Closed -$3.14M
WE
20
DELISTED
WeWork Inc.
WE
– –
-419,953
Closed -$4.19M

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CWM
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S
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1WCM
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SDAM
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MWP
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RCI
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BOTOTLSJU
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Brigade Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Brigade Capital Management held 25 positions worth $458M, up 107% from $221M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Brigade Capital Management withdrew a net $40.5M in Q3 2023, closing 3 positions and reducing 4 holdings. Its most notable exit was WeWork Inc., an estimated $4.19M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, up from 77% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Brigade Capital Management opened a new position in Greenfire Resources worth $25.6M.

  • Brigade Capital Management's largest Q3 2023 buy was Greenfire Resources: 5,176,040 shares worth $25.6M.
  • Brigade Capital Management's biggest Q3 2023 reduction was Vistance Networks Inc, cutting an estimated $5.34M.
  • Brigade Capital Management fully exited WeWork Inc. in Q3 2023, selling an estimated $4.19M.
  • Brigade Capital Management's ten largest holdings make up 95% of its $458M portfolio in Q3 2023.
  • Brigade Capital Management opened 8 new positions and closed 3 in Q3 2023.
  • Brigade Capital Management's portfolio value rose 107% quarter-over-quarter to $458M.

Based on Brigade Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.