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Bracebridge Capital, LLC

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13F filer, CIK 1426486, BOSTON, MA

Bracebridge Capital, LLC reported $3,728,981,932 across 44 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 97.21% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001426486-26-000004

Period
2026-03-31
Reported value
$3.73B
Holdings
44
Top 10 weight
97.21%
New
14
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GLDadded+554,750$239M
TSLAnew+39,400$14.6M
UNITadded+801,690$7.52M
GNWnew+714,388$5.8M
HYGnew+37,500$2.98M

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
AAMexited-600,000-$6.4M
GEN DIGITAL INCexited-579,230-$2.62M
OPTUreduced-1,365,100-$1.77M
AA MISSION ACQUISITI…exited-300,000-$50.9K
TWIN RIDGE CAPITAL ACQUISIT…exited-141,666-$1.03K

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, Q1 2026

Share positions as resolved from 13F-HR 0001426486-26-000004, largest first. % of portfolio is the value over $556,240,836, 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; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 398,700 shares; 2026Q1: 953,450 shares 953,450$410M73.76%+554,750Timeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 7,743,465$72.6M13.06%+801,690Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,000 shares; 2025Q1: not reported; 2025Q2: 15,200 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 39,400 shares 39,400$14.6M2.63%newTimeline
ADTADT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 2,126,000$14M2.51%0Timeline
ALVOALVOTECHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 2,705,304$9.28M1.67%0Timeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 714,388$5.8M1.04%newTimeline
BXMTBLACKSTONE MORTGAGE TRUST INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 241,700$4.63M0.83%0Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 924,931$3.82M0.69%0Timeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 37,500 shares 37,500$2.98M0.54%newTimeline
AMCAMC ENTMT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,751,699 shares 2,751,699$2.7M0.48%newTimeline
OSGOCTAVE SPECIALTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 579,234$2.69M0.48%0Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,532,640 shares; 2024Q4: 8,854,977 shares; 2025Q1: 9,390,440 shares; 2025Q2: 9,351,240 shares; 2025Q3: 5,727,065 shares; 2025Q4: 3,131,018 shares; 2026Q1: 1,765,918 shares 1,765,918$2.3M0.41%-1,365,100Timeline
AQSTAQUESTIVE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 459,216$1.91M0.34%0Timeline
RNAATRIUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 139,239 shares 139,239$1.86M0.33%newTimeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 756,426 shares; 2024Q4: 756,426 shares; 2025Q1: 756,426 shares; 2025Q2: 756,426 shares; 2025Q3: 756,426 shares; 2025Q4: 756,426 shares; 2026Q1: 756,426 shares 756,426$1.79M0.32%0Timeline
TRTXTPG RE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 182,157$1.42M0.26%0Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,000 shares; 2026Q1: 11,600 shares 11,600$1.19M0.21%+2,600Timeline
TGEWSGENERATION ESSENTIALS GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 325,000$61.8K0.01%0Timeline
CRMLWCRITICAL METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 12,500$43.5K0.01%0Timeline
BNAIWBRAND ENGAGEMENT NETWORK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 166,666$43.3K0.01%0Timeline
NUCLWEAGLE NUCLEAR ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 25,000 shares 25,000$34.8K0.01%newTimeline
AIRJWAIRJOULE TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 50,000$28K0.01%0Timeline
COCHWENVOY MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 262,156$17.4K<0.01%0Timeline
BGLWWBLUE GOLD LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 75,000 shares; 2025Q4: 75,000 shares; 2026Q1: 75,000 shares 75,000$15K<0.01%0Timeline
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 75,000$13.6K<0.01%0
DAICWCID HOLDCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 62,500$1.66K<0.01%0Timeline
TVGNWTEVOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 12,500$424<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
IWMISHARES TR SHSput62,365$1.55Bnew
SPDR GOLD TRSPDR GOLD TR PUTput9,862$424M+362
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR PUTput30,000$246Mnew
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF T CALLcall3,500$228M+335
ISHARES TRISHARES TR PUTput27,000$215M-102,500
ISHARES TRISHARES TR CALLcall8,365$207M-6,700
SPDR GOLD TRSPDR GOLD TR CALLcall2,000$86.1M-2,000
TESLA INCTESLA INC PUTput1,425$53Mnew
TESLA INCTESLA INC CALLcall1,425$53M+325
SALESFORCE INCSALESFORCE INC CALLcall2,000$37.3Mnew
WARNER BROS DISCOVERY INCWARNER BROS DISCOVERY INC CALLcall10,000$27.5Mnew
ARES CAPITAL CORPARES CAPITAL CORP COMput13,350$24.1Mnew
IGVISHARES TR SHSput2,000$16Mnew
INVESCO EXCH TRADED FD TR IIINVESCO EXCH TRADED FD TR II PUTput2,500$5.1Mnew
PDD HOLDINGS INCPDD HOLDINGS INC CALLcall193$1.97M0
PDD HOLDINGS INCPDD HOLDINGS INC PUTput193$1.97M0

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$2.11M0

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
ISHARES TRISHARES TR20,615$507Mput
CORE SCIENTIFIC INC NEWCORE SCIENTIFIC INC NEW59,822$87.1Mcall
KRANESHARES TRUSTKRANESHARES TRUST8,000$27.2Mcall
AAMAA MISSION ACQUISITION COR-A600,000$6.4Mshares
GEN DIGITAL INCGEN DIGITAL INC579,230$2.62Mshares
AA MISSION ACQUISITI…AA MISSION ACQUISITION …300,000$50.9Kshares
TWIN RIDGE CAPITAL ACQUISIT…TWIN RIDGE CAPITAL ACQUISITION141,666$1.03Kshares
ALURWALLURION TECHNOLOGIES INC WT P15,311$234shares

How Q1 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 0001426486-26-000004 base2026-05-15acceptance time not in the bulk data set