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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
+10.45%
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
$815M
AUM Growth
+$379M
Cap. Flow
+$266M
Cap. Flow %
32.63%
Top 10 Hldgs %
94.23%
Holding
23
New
5
Increased
2
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
LNTH icon
Lantheus
LNTH
+$10.8M
2
NCLH icon
Norwegian Cruise Line
NCLH
+$8.44M
3
DHC
Diversified Healthcare Trust
DHC
+$1.97M
4
GNW icon
Genworth Financial
GNW
+$1.32M

Top Sells

Rank Stock Value
1
NBR icon
Nabors Industries
NBR
+$4.9M

Sector Composition

Rank Sector Weight
1 Energy 4.73%
2 Communication Services 2.25%
3 Healthcare 1.99%
4 Consumer Discretionary 1.05%
5 Materials 0.88%
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
$223M 27.35%
2,000,000
– –
GLD icon
2
CALL
SPDR Gold Trust
GLD
$131B
$160M 19.62%
+450,000
New +$143M
TLT icon
3
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$154M 18.91%
+1,725,000
New +$151M
IWM icon
4
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$96.8M 11.87%
+400,000
New +$91.8M
NBR icon
5
Nabors Industries
NBR
$1.23B
$30.2M 3.71%
740,975
-137,666
-16% -$4.9M
LUMN icon
6
Lumen
LUMN
$6.53B
$17.7M 2.18%
2,900,000
– –
LNTH icon
7
Lantheus
LNTH
$6.82B
$16.2M 1.99%
316,345
+173,200
+121% +$10.8M
NCLH icon
8
Norwegian Cruise Line
NCLH
$8.89B
$8.56M 1.05%
+347,600
New +$8.44M
EXE
9
Expand Energy Corp
EXE
$21.9B
$8.33M 1.02%
78,386
– –
ECVT icon
10
Ecovyst
ECVT
$1.36B
$7.16M 0.88%
817,255
– –
DHC
11
Diversified Healthcare Trust
DHC
$2.26B
$7.06M 0.87%
1,600,000
+518,357
+48% +$1.97M
FWRD icon
12
Forward Air
FWRD
$482M
$5.66M 0.69%
220,850
– –
SVC
13
Service Properties Trust
SVC
$1.1B
$2.92M 0.36%
215,000
– –
GNW icon
14
Genworth Financial
GNW
$3.8B
$1.42M 0.17%
+160,000
New +$1.32M
FOA icon
15
Finance of America Companies
FOA
$204M
$1.28M 0.16%
57,000
– –
BBGI icon
16
Beasley Broadcasting Group
BBGI
$37.1M
$611K 0.08%
136,455
– –
EXEEL
17
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$232K 0.03%
2,398
– –
IWM icon
18
CALL
iShares Russell 2000 ETF
IWM
$80.9B
– –
-600,000
Closed -$129M

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GCM
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DWA
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CL
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AF
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Brigade Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Brigade Capital Management held 23 positions worth $815M, up 87% from $436M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brigade Capital Management deployed $266M of net new capital in Q3 2025, opening 5 new positions and adding to 2 existing holdings. Its largest new stake was Norwegian Cruise Line: 347,600 shares worth $8.56M.

By sector, the portfolio is most concentrated in Energy at 4.7% of assets, down from 7.8% a quarter earlier, followed by Communication Services and Healthcare.

On the sell side, the largest reduction was Nabors Industries, an estimated $4.9M trimmed.

  • Brigade Capital Management's largest Q3 2025 buy was Norwegian Cruise Line: 347,600 shares worth $8.56M.
  • Brigade Capital Management added most to Lantheus in Q3 2025, an estimated $10.8M increase.
  • Brigade Capital Management's biggest Q3 2025 reduction was Nabors Industries, cutting an estimated $4.9M.
  • Brigade Capital Management's ten largest holdings make up 94% of its $815M portfolio in Q3 2025.
  • Brigade Capital Management opened 5 new positions and closed 1 in Q3 2025.
  • Brigade Capital Management's portfolio value rose 87% quarter-over-quarter to $815M.

Based on Brigade Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.