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CCM
Contrarian Capital Management Portfolio holdings
AUM
$357M
1-Year Est. Return
18.27%
This Fund
S&P 500
This Quarter
Est. Return
+16.94%
1 Year Est. Return
+18.27%
3 Year Est. Return
+24.55%
5 Year Est. Return
+63.45%
10 Year Est. Return
+362.13%
AUM
$816M
AUM Growth
-$281M
(-26%)
Cap. Flow
-$359M
Cap. Flow
% of AUM
-43.96%
Top 10 Holdings %
Top 10 Hldgs %
91.01%
Holding
46
New
12
Increased
9
Reduced
9
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Braskem
BAK
|
+$47.7M |
| 2 |
GOL
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
|
+$10.2M |
| 3 |
NIHD
NII Holdings, Inc. Common Stock
NIHD
|
+$9.67M |
| 4 |
Gerdau
GGB
|
+$8.03M |
| 5 |
AZUL
Azul
AZUL
|
+$4.65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cleveland-Cliffs
CLF
|
+$76.2M |
| 2 |
Peabody Energy
BTU
|
+$30.4M |
| 3 |
Vistra
VST
|
+$14.7M |
| 4 |
Vale
VALE
|
+$5.56M |
| 5 |
KEG
Key Energy Services, Inc. Common Stock
KEG
|
+$2.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 41.3% |
| 2 | Energy | 28.22% |
| 3 | Communication Services | 8.22% |
| 4 | Industrials | 3.76% |
| 5 | Consumer Discretionary | 2.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vale
VALE
$64.1B
| $128M | 15.71% |
9,711,703
-462,846
| -5% | -$5.56M |
|
|
GOL
2
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $126M | 15.46% |
6,980,858
+602,168
| +9% | +$10.2M |
|
3
Petrobras Class A
PBR.A
$111B
| $118M | 14.47% |
7,915,127
-141,548
| -2% | -$2.01M |
|
|
4
Gerdau
GGB
$9.74B
| $115M | 14.06% |
29,508,885
+2,699,842
| +10% | +$8.03M |
|
|
5
Braskem
BAK
$928M
| $50.5M | 6.19% |
+3,412,167
| New | +$47.7M |
|
|
6
Peabody Energy
BTU
$2.6B
| $50.5M | 6.19% |
5,536,399
-2,643,792
| -32% | -$30.4M |
|
|
7
Petrobras
PBR
$125B
| $45.3M | 5.55% |
2,843,002
-71,873
| -2% | -$1.1M |
|
8
Ternium
TX
$9.67B
| $42.1M | 5.16% |
1,914,832
+115,116
| +6% | +$2.34M |
|
9
iHeartMedia
IHRT
$543M
| $37.7M | 4.62% |
2,230,563
-43,092
| -2% | -$653K |
|
|
AZUL
10
DELISTED
Azul
AZUL
| $29.2M | 3.58% |
682,998
+120,726
| +21% | +$4.65M |
|
|
CZR
11
DELISTED
Caesars Entertainment Corporation
CZR
| $20.4M | 2.51% |
1,503,546
-216,130
| -13% | -$2.74M |
|
12
Clear Channel Outdoor Holdings
CCO
$1.23B
| $15M | 1.84% |
5,247,208
-106,321
| -2% | -$269K |
|
|
NIHD
13
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $10.8M | 1.33% |
+5,000,000
| New | +$9.67M |
|
|
ROCC
14
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $8.88M | 1.09% |
292,437
-40,573
| -12% | -$1.08M |
|
|
CHAP
15
DELISTED
Chaparral Energy, Inc.
CHAP
| $7.48M | 0.92% |
4,251,950
+260,938
| +7% | +$262K |
|
|
HMHC
16
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $3M | 0.37% |
+480,677
| New | +$2.81M |
|
17
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $1.06M | 0.13% |
28,277
+6,500
| +30% | +$242K |
|
|
CNR
18
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $942K | 0.12% |
+110,698
| New | +$778K |
|
|
WRK
19
DELISTED
WestRock Company
WRK
| $748K | 0.09% |
+17,432
| New | +$680K |
|
20
Seaboard Corp
SEB
$4.23B
| $727K | 0.09% |
171
+36
| +27% | +$151K |
|
21
Constellium
CSTM
$3.76B
| $661K | 0.08% |
49,363
+4,134
| +9% | +$57K |
|
|
REGI
22
DELISTED
Renewable Energy Group, Inc.
REGI
| $583K | 0.07% |
+21,641
| New | +$392K |
|
|
TMX
23
DELISTED
Terminix Global Holdings, Inc.
TMX
| $538K | 0.07% |
+13,913
| New | +$592K |
|
24
AMC Entertainment Holdings
AMC
$2.52B
| $534K | 0.07% |
7,371
+1,502
| +26% | +$132K |
|
|
DSSI
25
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
| $427K | 0.05% |
+25,490
| New | +$381K |
|
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Contrarian Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Contrarian Capital Management held 46 positions worth $816M, down 26% from $1.1B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Contrarian Capital Management withdrew a net $359M in Q4 2019, closing 16 positions and reducing 9 holdings. Its most notable exit was Cleveland-Cliffs, an estimated $76.2M position sold in full.
By sector, the portfolio is most concentrated in Materials at 41% of assets, up from 27% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Contrarian Capital Management opened a new position in Braskem worth $50.5M.
- Contrarian Capital Management's largest Q4 2019 buy was Braskem: 3,412,167 shares worth $50.5M.
- Contrarian Capital Management added most to Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in Q4 2019, an estimated $10.2M increase.
- Contrarian Capital Management's biggest Q4 2019 reduction was Peabody Energy, cutting an estimated $30.4M.
- Contrarian Capital Management fully exited Cleveland-Cliffs in Q4 2019, selling an estimated $76.2M.
- Contrarian Capital Management's ten largest holdings make up 91% of its $816M portfolio in Q4 2019.
- Contrarian Capital Management opened 12 new positions and closed 16 in Q4 2019.
- Contrarian Capital Management's portfolio value fell 26% quarter-over-quarter to $816M.
Based on Contrarian Capital Management's 13F filing for Q4 2019, filed 13 Feb 2020.