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CONTRARIAN CAPITAL MANAGEMENT, L.L.C.

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13F filer, CIK 1050417, Greenwich, CT

CONTRARIAN CAPITAL MANAGEMENT, L.L.C. reported $349,513,717 across 34 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 89.91% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-25-004520

Period
2025-06-30
Reported value
$350M
Holdings
34
Top 10 weight
89.91%
New
1
Sold out
2

Part of the filer group CONTRARIAN CAPITAL MANAGEMENT, L.L.C.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BURadded+90,000$1.28M
PCGadded+50,000$697K
ONnew+5,500$288K
ADVadded+160,000$211K
PRKSadded+1,000$47.1K

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
PBRreduced-1,978,172-$24.7M
PBR-Aexited-1,434,306-$18.7M
VALEreduced-135,240-$1.31M
GGBreduced-150,000-$438K
AMBPreduced-60,000-$257K

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 2025

Share positions as resolved from 13F-HR 0000919574-25-004520, largest first. % of portfolio is the value over $349,513,717, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HSBCHSBC HLDGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 240,876 shares; 2025Q1: 1,265,656 shares; 2025Q2: 1,265,656 shares 1,265,656$76.9M22.01%0Timeline
GGBGERDAU SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,276,940 shares; 2024Q4: 19,219,112 shares; 2025Q1: 19,219,112 shares; 2025Q2: 19,069,112 shares 19,069,112$55.7M15.93%-150,000Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,466,748 shares; 2025Q2: 2,556,748 shares 2,556,748$36.5M10.43%+90,000Timeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,161,732 shares; 2024Q4: 3,686,411 shares; 2025Q1: 3,686,411 shares; 2025Q2: 3,551,171 shares 3,551,171$34.5M9.87%-135,240Timeline
TXTERNIUM SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,013,367 shares; 2024Q4: 992,413 shares; 2025Q1: 992,413 shares; 2025Q2: 992,413 shares 992,413$29.9M8.55%0Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,623,198 shares; 2024Q4: 3,572,018 shares; 2025Q1: 3,572,018 shares; 2025Q2: 3,572,018 shares 3,572,018$24.6M7.04%0Timeline
PBRPETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,125,803 shares; 2024Q4: 3,906,345 shares; 2025Q1: 3,906,345 shares; 2025Q2: 1,928,173 shares 1,928,173$24.1M6.9%-1,978,172Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 219,243 shares; 2025Q2: 219,243 shares 219,243$15.3M4.37%0Timeline
LITHIUM ARGENTINA AGLITHIUM ARGENTINA AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,500,000 shares; 2025Q1: 16,000,000 shares; 2025Q2: 16,000,000 shares 16,000,000$13M3.72%0
EEXEMERALD HOLDING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 783,007 shares; 2024Q4: 790,885 shares; 2025Q1: 818,862 shares; 2025Q2: 783,862 shares 783,862$3.8M1.09%-35,000Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 819,559 shares; 2024Q4: 739,899 shares; 2025Q1: 739,899 shares; 2025Q2: 739,899 shares 739,899$3.58M1.03%0Timeline
BVBRIGHTVIEW HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,621 shares; 2024Q4: 237,621 shares; 2025Q1: 204,566 shares; 2025Q2: 206,566 shares 206,566$3.44M0.98%+2,000Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,500 shares; 2024Q4: 118,000 shares; 2025Q1: 119,500 shares; 2025Q2: 119,500 shares 119,500$3.39M0.97%0Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 200,000 shares 200,000$2.79M0.8%+50,000Timeline
MMACYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 200,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares 200,000$2.33M0.67%0Timeline
SABRSABRE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 675,000 shares; 2024Q4: 685,000 shares; 2025Q1: 705,000 shares; 2025Q2: 705,000 shares 705,000$2.23M0.64%0Timeline
ADVADVANTAGE SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,279,631 shares; 2024Q4: 1,278,140 shares; 2025Q1: 1,451,140 shares; 2025Q2: 1,611,140 shares 1,611,140$2.13M0.61%+160,000Timeline
CNTYCENTURY CASINOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 889,144 shares; 2024Q4: 889,144 shares; 2025Q1: 889,144 shares; 2025Q2: 889,144 shares 889,144$1.88M0.54%0Timeline
PBIPITNEY BOWES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,000 shares; 2024Q4: 203,000 shares; 2025Q1: 180,000 shares; 2025Q2: 160,000 shares 160,000$1.75M0.5%-20,000Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,597,614 shares; 2024Q4: 1,597,614 shares; 2025Q1: 1,452,614 shares; 2025Q2: 1,452,614 shares 1,452,614$1.7M0.49%0Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,500 shares; 2024Q4: 60,000 shares; 2025Q1: 60,000 shares; 2025Q2: 60,000 shares 60,000$1.59M0.46%0Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,000 shares; 2024Q4: 50,000 shares; 2025Q1: 31,434 shares; 2025Q2: 31,434 shares 31,434$1.32M0.38%0Timeline
VIPER ENERGY INC-CL AVIPER ENERGY INC-CL AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,708 shares; 2024Q4: 47,708 shares; 2025Q1: 32,114 shares; 2025Q2: 32,114 shares 32,114$1.22M0.35%0
PRKSUNITED PARKS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,000 shares; 2024Q4: 19,500 shares; 2025Q1: 21,500 shares; 2025Q2: 22,500 shares 22,500$1.06M0.3%+1,000Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,000 shares; 2024Q4: 115,000 shares; 2025Q1: 115,000 shares; 2025Q2: 115,000 shares 115,000$874K0.25%0Timeline
NATLNCR ATLEOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,500 shares; 2024Q4: 27,000 shares; 2025Q1: 30,000 shares; 2025Q2: 29,000 shares 29,000$827K0.24%-1,000Timeline
VYXNCR VOYIX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,000 shares; 2024Q4: 51,000 shares; 2025Q1: 47,000 shares; 2025Q2: 47,000 shares 47,000$551K0.16%0Timeline
SKILSKILLSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,000 shares; 2024Q4: 37,500 shares; 2025Q1: 34,500 shares; 2025Q2: 34,500 shares 34,500$551K0.16%0Timeline
MATMATTEL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,000 shares; 2024Q4: 21,000 shares; 2025Q1: 21,000 shares; 2025Q2: 20,000 shares 20,000$394K0.11%-1,000Timeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 128,000 shares; 2025Q1: 150,000 shares; 2025Q2: 90,000 shares 90,000$385K0.11%-60,000Timeline
Leslie's IncLeslie's IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 887,112 shares; 2025Q2: 887,112 shares 887,112$372K0.11%0
MAGNMAGNERA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 26,000 shares; 2025Q1: 28,000 shares; 2025Q2: 28,000 shares 28,000$338K0.1%0Timeline
ONON SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,500 shares 5,500$288K0.08%newTimeline
MBCMASTERBRAND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 26,000 shares; 2025Q1: 28,000 shares; 2025Q2: 24,000 shares 24,000$262K0.08%-4,000Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
PBR-APETROLEO BRASILEIRO S A1,434,306$18.7Mshares
CPRICAPRI HOLDINGS LIMITED11,000$217Kshares

How Q2 2025 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 0000919574-25-004520 base2025-08-13acceptance time not in the bulk data set