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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
+3.45%
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
$459M
AUM Growth
+$21.2M
(+4.8%)
Cap. Flow
-$29.4M
Cap. Flow
% of AUM
-6.4%
Top 10 Holdings %
Top 10 Hldgs %
96.99%
Holding
17
New
3
Increased
1
Reduced
4
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.7M |
| 2 |
EXE
Expand Energy Corp
EXE
|
+$5.89M |
| 3 |
Macy's
M
|
+$4.16M |
| 4 |
Ecovyst
ECVT
|
+$2.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PENN Entertainment
PENN
|
+$3.09M |
| 2 |
Lumen
LUMN
|
+$2.2M |
| 3 |
Greenfire Resources
GFR
|
+$1.27M |
| 4 |
VISN
Vistance Networks Inc
VISN
|
+$956K |
| 5 |
Vistra
VST
|
+$196K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 9.65% |
| 2 | Consumer Discretionary | 4.36% |
| 3 | Materials | 2.13% |
| 4 | Utilities | 0.5% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $172M | 37.51% |
300,000
-100,000
| -25% | -$55.3M |
|
2
CALL
iShares Russell 2000 ETF
IWM
$80.9B
| $110M | 24.07% |
500,000
| – | – |
|
|
3
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $57.9M | 12.62% |
+512,500
| New | +$56.7M |
|
|
4
Greenfire Resources
GFR
$817M
| $37.9M | 8.27% |
5,092,694
-178,521
| -3% | -$1.27M |
|
|
5
Ecovyst
ECVT
$1.36B
| $9.79M | 2.13% |
1,427,000
+385,000
| +37% | +$2.93M |
|
6
Melco Resorts & Entertainment
MLCO
$2.1B
| $8.8M | 1.92% |
1,130,000
| – | – |
|
|
EXE
7
Expand Energy Corp
EXE
$21.9B
| $6.34M | 1.38% |
+77,120
| New | +$5.89M |
|
|
8
PENN Entertainment
PENN
$2.74B
| $5.43M | 1.18% |
288,005
-161,995
| -36% | -$3.09M |
|
9
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$317M
| $5.1M | 1.11% |
128,000
| – | – |
|
|
10
Macy's
M
$6.15B
| $4.02M | 0.88% |
+256,000
| New | +$4.16M |
|
|
11
Vistra
VST
$55.1B
| $2.3M | 0.5% |
19,392
-2,309
| -11% | -$196K |
|
|
QVCGA
12
DELISTED
QVC Group Inc Series A
QVCGA
| $1.78M | 0.39% |
58,352
| – | – |
|
|
DHC
13
Diversified Healthcare Trust
DHC
$2.26B
| $1.68M | 0.37% |
400,000
| – | – |
|
|
VISN
14
Vistance Networks Inc
VISN
$2.66B
| – | – |
-777,000
| Closed | -$956K |
|
|
15
Lumen
LUMN
$6.53B
| – | – |
-2,000,000
| Closed | -$2.2M |
|
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Brigade Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Brigade Capital Management held 17 positions worth $459M, up 4.8% from $438M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Brigade Capital Management withdrew a net $29.4M in Q3 2024, closing 2 positions and reducing 4 holdings. Its most notable exit was Lumen, an estimated $2.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 9.6% of assets, up from 8.1% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Brigade Capital Management opened a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF worth $57.9M.
- Brigade Capital Management's largest Q3 2024 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 512,500 shares worth $57.9M.
- Brigade Capital Management added most to Ecovyst in Q3 2024, an estimated $2.93M increase.
- Brigade Capital Management's biggest Q3 2024 reduction was PENN Entertainment, cutting an estimated $3.09M.
- Brigade Capital Management fully exited Lumen in Q3 2024, selling an estimated $2.2M.
- Brigade Capital Management's ten largest holdings make up 97% of its $459M portfolio in Q3 2024.
- Brigade Capital Management opened 3 new positions and closed 2 in Q3 2024.
- Brigade Capital Management's portfolio value rose 4.8% quarter-over-quarter to $459M.
Based on Brigade Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.