Contrarian Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Petrobras Class A
PBR.A
|
+$42.7M |
| 2 |
Vale
VALE
|
+$1.07M |
| 3 |
Clear Channel Outdoor Holdings
CCO
|
+$470K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GOL
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
|
+$8.54M |
| 2 |
Ternium
TX
|
+$4.53M |
| 3 |
Peabody Energy
BTU
|
+$3.51M |
| 4 |
CHAP
Chaparral Energy, Inc.
CHAP
|
+$1.93M |
| 5 |
iHeartMedia
IHRT
|
+$1.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 65.86% |
| 2 | Energy | 17.05% |
| 3 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vale
VALE
$64.1B
| $82M | 28.85% |
7,956,770
+116,600
| +1% | +$1.07M |
|
2
Gerdau
GGB
$9.74B
| $62.6M | 22.01% |
26,643,236
| – | – |
|
|
3
Petrobras Class A
PBR.A
$111B
| $48.5M | 17.05% |
+6,082,696
| New | +$42.7M |
|
|
GOL
4
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $27.3M | 9.61% |
4,030,508
-1,630,551
| -29% | -$8.54M |
|
5
Braskem
BAK
$928M
| $27.1M | 9.54% |
3,134,871
| – | – |
|
|
6
Ternium
TX
$9.67B
| $15.5M | 5.46% |
1,023,608
-313,550
| -23% | -$4.53M |
|
|
7
iHeartMedia
IHRT
$543M
| $15.3M | 5.38% |
1,833,045
-197,518
| -10% | -$1.54M |
|
|
8
Clear Channel Outdoor Holdings
CCO
$1.23B
| $5.98M | 2.1% |
5,747,208
+500,000
| +10% | +$470K |
|
|
9
Peabody Energy
BTU
$2.6B
| – | – |
-1,210,238
| Closed | -$3.51M |
|
|
ROCC
10
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| – | – |
-300,583
| Closed | -$929K |
|
|
CHAP
11
DELISTED
Chaparral Energy, Inc.
CHAP
| – | – |
-4,103,270
| Closed | -$1.93M |
|
Similar funds
Contrarian Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Contrarian Capital Management held 11 positions worth $284M, up 49% from $191M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Contrarian Capital Management deployed $23.2M of net new capital in Q2 2020, opening 1 new position and adding to 2 existing holdings. Its largest new stake was Petrobras Class A: 6,082,696 shares worth $48.5M.
By sector, the portfolio is most concentrated in Materials at 66% of assets, down from 74% a quarter earlier, followed by Energy and Communication Services.
On the sell side, the largest reduction was Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares), an estimated $8.54M trimmed.
- Contrarian Capital Management's largest Q2 2020 buy was Petrobras Class A: 6,082,696 shares worth $48.5M.
- Contrarian Capital Management added most to Vale in Q2 2020, an estimated $1.07M increase.
- Contrarian Capital Management's biggest Q2 2020 reduction was Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares), cutting an estimated $8.54M.
- Contrarian Capital Management fully exited Peabody Energy in Q2 2020, selling an estimated $3.51M.
- Contrarian Capital Management's ten largest holdings make up 100% of its $284M portfolio in Q2 2020.
- Contrarian Capital Management opened 1 new position and closed 3 in Q2 2020.
- Contrarian Capital Management's portfolio value rose 49% quarter-over-quarter to $284M.
Based on Contrarian Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.