BRIGADE CAPITAL MANAGEMENT, LP
Follow13F filer, CIK 1421306, NEW YORK, NY
BRIGADE CAPITAL MANAGEMENT, LP reported $330,933,584 across 13 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 100% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-25-001467
- Period
- 2024-12-31
- Reported value
- $331M
- Holdings
- 13
- Top 10 weight
- 100%
- New
- 7
- Sold out
- 9
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| FORWARD AIR CORPnew | +166,000 | $5.35M |
| FOAnew | +57,000 | $1.59M |
| BBGInew | +136,455 | $1.09M |
| EXEELnew | +2,398 | $205K |
| EXEadded | +1,266 | $126K |
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
| Security | Shares change | Approx. value |
|---|---|---|
| LQDexited | -512,500 | -$57.9M |
| GFRexited | -5,092,694 | -$37.9M |
| ECVTreduced | -908,500 | -$6.95M |
| PENNexited | -288,005 | -$5.43M |
| XCCCexited | -128,000 | -$5.1M |
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, Q4 2024
Share positions as resolved from 13F-HR 0000919574-25-001467, largest first. % of portfolio is the value over $51,907,484, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| EXEEXPAND ENERGY CORPORATION | 78,386 | $7.8M | 15.03% | +1,266 | Timeline | ||
| MLCOMELCO RESORTS AND ENTMNT LTD | 1,001,215 | $5.8M | 11.17% | -128,785 | Timeline | ||
| FORWARD AIR CORPFORWARD AIR CORP | 166,000 | $5.35M | 10.31% | new | |||
| ECVTECOVYST INC | 518,500 | $3.97M | 7.64% | -908,500 | Timeline | ||
| FOAFINANCE OF AMERICA COMPAN | 57,000 | $1.59M | 3.07% | new | Timeline | ||
| BBGIBEASLEY BROADCAST GROUP INC | 136,455 | $1.09M | 2.1% | new | Timeline | ||
| DHCDIVERSIFIED HEALTHCARE TR | 400,000 | $920K | 1.77% | 0 | Timeline | ||
| EXEELCHESAPEAKE ENERGY CORP -CW26 | 2,398 | $205K | 0.39% | new | Timeline |
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).
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1 | principal | 79,114,000 | $22.5M | -11,485,000 |
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1 | principal | 8,624,000 | $2.63M | -2,710,000 |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 300,000 | $172M | put |
| IWMISHARES TR | 500,000 | $110M | call |
| LQDISHARES TR | 512,500 | $57.9M | shares |
| GFRGREENFIRE RES LTD NEW | 5,092,694 | $37.9M | shares |
| PENNPENN ENTERTAINMENT INC | 288,005 | $5.43M | shares |
| XCCCBONDBLOXX ETF TRUST | 128,000 | $5.1M | shares |
| MMACYS INC | 256,000 | $4.02M | shares |
| VSTVISTRA CORP | 19,392 | $2.3M | shares |
| QURATE RETAIL INCQURATE RETAIL INC | 2,917,578 | $1.78M | shares |
How Q4 2024 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000919574-25-001467 | base | 2025-02-14 | acceptance time not in the bulk data set |