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Bracebridge Capital, LLC

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13F filer, CIK 1426486, BOSTON, MA

Bracebridge Capital, LLC reported $5,532,610,243 across 40 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-14. Its ten largest share positions make up 96.51% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001426486-26-000006

Period
2026-06-30
Reported value
$5.53B
Holdings
40
Top 10 weight
96.51%
New
9
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CZRnew+946,556$28.6M
SVCnew+11,330,218$19.1M
FWRDnew+1,404,913$19M
SPCXnew+46,345$7.92M
ADTadded+1,000,000$6.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GLDreduced-320,000-$118M
TSLAexited-39,400-$14.6M
HYGexited-37,500-$2.98M
AMCexited-2,751,699-$2.7M
OPTUexited-1,765,918-$2.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001426486-26-000006, largest first. % of portfolio is the value over $462,216,599, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 398,700 shares; 2026Q1: 953,450 shares; 2026Q2: 633,450 shares 633,450$233M50.49%-320,000Timeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 6,941,775 shares; 2025Q4: 6,941,775 shares; 2026Q1: 7,743,465 shares; 2026Q2: 8,023,590 shares 8,023,590$92M19.91%+280,125Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 946,556 shares 946,556$28.6M6.18%newTimeline
ADTADT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,626,000 shares; 2024Q4: 2,126,000 shares; 2025Q1: 2,126,000 shares; 2025Q2: 2,126,000 shares; 2025Q3: 2,126,000 shares; 2025Q4: 2,126,000 shares; 2026Q1: 2,126,000 shares; 2026Q2: 3,126,000 shares 3,126,000$20.3M4.4%+1,000,000Timeline
SVCSERVICE PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 11,330,218 shares 11,330,218$19.1M4.14%newTimeline
FWRDFORWARD AIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 1,404,913 shares 1,404,913$19M4.11%newTimeline
ALVOALVOTECHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,705,304 shares; 2024Q4: 2,705,304 shares; 2025Q1: 2,705,304 shares; 2025Q2: 2,705,304 shares; 2025Q3: 2,705,304 shares; 2025Q4: 2,705,304 shares; 2026Q1: 2,705,304 shares; 2026Q2: 4,038,637 shares 4,038,637$14.9M3.22%+1,333,333Timeline
SPCXSPACE EXPLORATION TECHN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 46,345 shares 46,345$7.92M1.71%newTimeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,749,200 shares; 2024Q4: 1,749,200 shares; 2025Q1: 1,969,200 shares; 2025Q2: 1,969,200 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 714,388 shares; 2026Q2: 714,388 shares 714,388$6.77M1.46%0Timeline
BXMTBLACKSTONE MORTGAGE TRUST INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 229,400 shares; 2024Q4: 241,700 shares; 2025Q1: 216,700 shares; 2025Q2: 216,700 shares; 2025Q3: 216,700 shares; 2025Q4: 241,700 shares; 2026Q1: 241,700 shares; 2026Q2: 241,700 shares 241,700$4.1M0.89%0Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 924,931 shares; 2024Q4: 924,931 shares; 2025Q1: 924,931 shares; 2025Q2: 924,931 shares; 2025Q3: 924,931 shares; 2025Q4: 924,931 shares; 2026Q1: 924,931 shares; 2026Q2: 924,931 shares 924,931$3.75M0.81%0Timeline
OSGOCTAVE SPECIALTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 579,234 shares; 2024Q4: 579,234 shares; 2025Q1: 579,234 shares; 2025Q2: 579,234 shares; 2025Q3: 579,234 shares; 2025Q4: 579,234 shares; 2026Q1: 579,234 shares; 2026Q2: 579,234 shares 579,234$3.61M0.78%0Timeline
AQSTAQUESTIVE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 428,571 shares; 2024Q4: 459,216 shares; 2025Q1: 459,216 shares; 2025Q2: 459,216 shares; 2025Q3: 459,216 shares; 2025Q4: 459,216 shares; 2026Q1: 459,216 shares; 2026Q2: 459,216 shares 459,216$1.91M0.41%0Timeline
RNAATRIUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 139,239 shares; 2026Q2: 139,239 shares 139,239$1.87M0.41%0Timeline
TRTXTPG RE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 143,100 shares; 2025Q2: 231,000 shares; 2025Q3: 182,157 shares; 2025Q4: 182,157 shares; 2026Q1: 182,157 shares; 2026Q2: 182,157 shares 182,157$1.52M0.33%0Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,000 shares; 2026Q1: 11,600 shares; 2026Q2: 13,600 shares 13,600$1.04M0.22%+2,000Timeline
AIRJWAIRJOULE TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares; 2026Q1: 50,000 shares; 2026Q2: 50,000 shares 50,000$65K0.01%0Timeline
TGEWSGENERATION ESSENTIALS GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 325,000 shares; 2025Q3: 325,000 shares; 2025Q4: 325,000 shares; 2026Q1: 325,000 shares; 2026Q2: 325,000 shares 325,000$58.5K0.01%0Timeline
CRMLWCRITICAL METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 12,500 shares; 2024Q4: 12,500 shares; 2025Q1: 12,500 shares; 2025Q2: 12,500 shares; 2025Q3: 12,500 shares; 2025Q4: 12,500 shares; 2026Q1: 12,500 shares; 2026Q2: 12,500 shares 12,500$44.6K0.01%0Timeline
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 75,000 shares; 2024Q4: 75,000 shares; 2025Q1: 75,000 shares; 2025Q2: 75,000 shares; 2025Q3: 75,000 shares; 2025Q4: 75,000 shares; 2026Q1: 75,000 shares; 2026Q2: 75,000 shares 75,000$36.8K0.01%0
NUCLWEAGLE NUCLEAR ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 25,000 shares; 2026Q2: 25,000 shares 25,000$36.2K0.01%0Timeline
BNAIWBRAND ENGAGEMENT NETWORK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 166,666 shares; 2024Q4: 166,666 shares; 2025Q1: 166,666 shares; 2025Q2: 166,666 shares; 2025Q3: 166,666 shares; 2025Q4: 166,666 shares; 2026Q1: 166,666 shares; 2026Q2: 166,666 shares 166,666$23.3K0.01%0Timeline
COCHWENVOY MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 262,156 shares; 2024Q4: 262,156 shares; 2025Q1: 262,156 shares; 2025Q2: 262,156 shares; 2025Q3: 262,156 shares; 2025Q4: 262,156 shares; 2026Q1: 262,156 shares; 2026Q2: 262,156 shares 262,156$13.1K<0.01%0Timeline
BGLWWBLUE GOLD LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 75,000 shares; 2025Q4: 75,000 shares; 2026Q1: 75,000 shares; 2026Q2: 75,000 shares 75,000$7.21K<0.01%0Timeline
DAICWCID HOLDCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 62,500 shares; 2025Q3: 62,500 shares; 2025Q4: 62,500 shares; 2026Q1: 62,500 shares; 2026Q2: 62,500 shares 62,500$769<0.01%0Timeline
TVGNWTEVOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 12,500 shares; 2024Q4: 12,500 shares; 2025Q1: 12,500 shares; 2025Q2: 12,500 shares; 2025Q3: 12,500 shares; 2025Q4: 12,500 shares; 2026Q1: 12,500 shares; 2026Q2: 12,500 shares 12,500$710<0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
ISHARES TRISHARES TR CALLcall220,101$1.76Bnew
ISHARES TRISHARES TR PUTput196,507$1.57B+169,507
SPDR GOLD TRSPDR GOLD TR PUTput12,950$477M+3,088
ISHARES TRISHARES TR CALLcall13,804$415M+5,439
ISHARES TRISHARES TR PUTput13,804$415Mnew
TESLA INCTESLA INC CALLcall4,725$199M+3,300
TESLA INCTESLA INC PUTput2,025$85.2M+600
SPDR GOLD TRSPDR GOLD TR CALLcall2,200$81M+200
CAESARS ENTERTAINMENT INC NECAESARS ENTERTAINMENT INC NE CALLcall10,000$30.2Mnew
SPACE EXPLORATION TECHN CORPSPACE EXPLORATION TECHN CORP PUTput1,265$21.6Mnew
SPACE EXPLORATION TECHN CORPSPACE EXPLORATION TECHN CORP CALLcall735$12.6Mnew
PDD HOLDINGS INCPDD HOLDINGS INC CALLcall193$1.47M0
PDD HOLDINGS INCPDD HOLDINGS INC PUTput193$1.47M0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1principal47,700,000$2.15M0

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWMISHARES TR62,365$1.55Bput
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR30,000$246Mput
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF T3,500$228Mcall
SALESFORCE INCSALESFORCE INC2,000$37.3Mcall
WARNER BROS DISCOVERY INCWARNER BROS DISCOVERY INC10,000$27.5Mcall
ARES CAPITAL CORPARES CAPITAL CORP13,350$24.1Mput
IGVISHARES TR2,000$16Mput
TSLATESLA INC39,400$14.6Mshares
INVESCO EXCH TRADED FD TR IIINVESCO EXCH TRADED FD TR II2,500$5.1Mput
HYGISHARES TR37,500$2.98Mshares
AMCAMC ENTMT HLDGS INC2,751,699$2.7Mshares
OPTUOPTIMUM COMMUNICATIONS INC1,765,918$2.3Mshares
CCOCLEAR CHANNEL OUTDOOR HLDGS756,426$1.79Mshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001426486-26-000006 base2026-08-14acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001426486-26-000006 Quarter ended 2026-06-302026-08-14acceptance time not in the bulk data set
13F-HR 0001426486-26-000004 Quarter ended 2026-03-312026-05-15acceptance time not in the bulk data set
13F-HR 0001426486-26-000002 Quarter ended 2025-12-312026-02-17acceptance time not in the bulk data set
13F-HR 0001426486-25-000007 Quarter ended 2025-09-302025-11-14acceptance time not in the bulk data set
13F-HR 0001426486-25-000006 Quarter ended 2025-06-302025-08-14acceptance time not in the bulk data set
13F-HR 0001426486-25-000004 Quarter ended 2025-03-312025-05-15acceptance time not in the bulk data set
13F-HR 0001426486-25-000002 Quarter ended 2024-12-312025-02-14acceptance time not in the bulk data set
13F-HR 0001426486-24-000007 Quarter ended 2024-09-302024-11-14acceptance time not in the bulk data set
13F-HR 0001426486-24-000004 Quarter ended 2024-06-302024-08-14acceptance time not in the bulk data set
13F-HR 0001426486-24-000003 Quarter ended 2024-03-312024-05-10acceptance time not in the bulk data set
13F-HR 0001426486-24-000002 Quarter ended 2023-12-312024-02-12acceptance time not in the bulk data set
13F-HR 0001426486-23-000008 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR 0001426486-23-000007 Quarter ended 2023-06-302023-08-14acceptance time not in the bulk data set
13F-HR 0001426486-23-000006 Quarter ended 2023-03-312023-05-12acceptance time not in the bulk data set
13F-HR 0001426486-23-000003 Quarter ended 2022-12-312023-02-10acceptance time not in the bulk data set
13F-HR 0001426486-22-000007 Quarter ended 2022-09-302022-11-01acceptance time not in the bulk data set
13F-HR 0001426486-22-000006 Quarter ended 2022-06-302022-08-08acceptance time not in the bulk data set
13F-HR 0001426486-22-000003 Quarter ended 2022-03-312022-05-11acceptance time not in the bulk data set
13F-HR 0001426486-22-000002 Quarter ended 2021-12-312022-02-14acceptance time not in the bulk data set
13F-HR 0001426486-21-000007 Quarter ended 2021-09-302021-11-12acceptance time not in the bulk data set
13F-HR 0001426486-21-000005 Quarter ended 2021-06-302021-08-12acceptance time not in the bulk data set
13F-HR 0001426486-21-000004 Quarter ended 2021-03-312021-05-17acceptance time not in the bulk data set
13F-HR 0001426486-21-000002 Quarter ended 2020-12-312021-02-16acceptance time not in the bulk data set
13F-HR 0001426486-20-000006 Quarter ended 2020-09-302020-11-16acceptance time not in the bulk data set
13F-HR 0001426486-20-000004 Quarter ended 2020-06-302020-08-12acceptance time not in the bulk data set
13F-HR 0001426486-20-000002 Quarter ended 2020-03-312020-05-19acceptance time not in the bulk data set
13F-HR 0001426486-20-000001 Quarter ended 2019-12-312020-02-14acceptance time not in the bulk data set