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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 $379,671,082 across 24 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 93.43% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-26-000946

Period
2025-12-31
Reported value
$380M
Holdings
24
Top 10 weight
93.43%
New
3
Sold out
15

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

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
RJETnew+4,446,210$81.7M
AEROnew+671,207$14.7M
BABAadded+22,027$3.23M
WYnew+76,019$1.8M
AMBPadded+318,706$1.31M

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
BURexited-4,044,998-$48.4M
VALEexited-3,551,171-$38.6M
CNRreduced-187,676-$16.6M
LITHIUM ARGENTINA AGexited-16,000,000-$14.3M
ASTLexited-2,037,686-$7.24M

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 2025

Share positions as resolved from 13F-HR 0000919574-26-000946, largest first. % of portfolio is the value over $379,671,082, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 240,876 shares; 2025Q1: 1,265,656 shares; 2025Q2: 1,265,656 shares; 2025Q3: 1,265,656 shares; 2025Q4: 1,265,656 shares 1,265,656$99.6M26.23%0Timeline
RJETREPUBLIC AWYS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,446,210 shares 4,446,210$81.7M21.51%newTimeline
GGBGERDAU SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,276,940 shares; 2024Q4: 19,219,112 shares; 2025Q1: 19,219,112 shares; 2025Q2: 19,069,112 shares; 2025Q3: 19,069,112 shares; 2025Q4: 19,069,112 shares 19,069,112$70.4M18.53%0Timeline
TXTERNIUM SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,013,367 shares; 2024Q4: 992,413 shares; 2025Q1: 992,413 shares; 2025Q2: 992,413 shares; 2025Q3: 992,413 shares; 2025Q4: 992,413 shares 992,413$37.9M9.98%0Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 143,760 shares; 2025Q4: 165,787 shares 165,787$24.3M6.4%+22,027Timeline
AEROGRUPO AEROMEXICO SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 671,207 shares 671,207$14.7M3.88%newTimeline
BIDUBAIDU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 102,139 shares; 2025Q4: 102,139 shares 102,139$13.3M3.52%0Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,597,614 shares; 2024Q4: 1,597,614 shares; 2025Q1: 1,452,614 shares; 2025Q2: 1,452,614 shares; 2025Q3: 2,521,871 shares; 2025Q4: 2,351,871 shares 2,351,871$5.2M1.37%-170,000Timeline
MMACYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 200,000 shares; 2025Q1: 200,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$4.41M1.16%0Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares 200,000$3.21M0.85%0Timeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 454,810 shares; 2025Q4: 443,810 shares 443,810$3.11M0.82%-11,000Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,500 shares; 2024Q4: 118,000 shares; 2025Q1: 119,500 shares; 2025Q2: 119,500 shares; 2025Q3: 145,500 shares; 2025Q4: 125,000 shares 125,000$2.92M0.77%-20,500Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 819,559 shares; 2024Q4: 739,899 shares; 2025Q1: 739,899 shares; 2025Q2: 739,899 shares; 2025Q3: 739,899 shares; 2025Q4: 739,899 shares 739,899$2.88M0.76%0Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 219,243 shares; 2025Q2: 219,243 shares; 2025Q3: 219,243 shares; 2025Q4: 31,567 shares 31,567$2.79M0.74%-187,676Timeline
WYWEYERHAEUSER COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 76,019 shares 76,019$1.8M0.47%newTimeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 128,000 shares; 2025Q1: 150,000 shares; 2025Q2: 90,000 shares; 2025Q3: 95,000 shares; 2025Q4: 413,706 shares 413,706$1.7M0.45%+318,706Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,500 shares; 2024Q4: 60,000 shares; 2025Q1: 60,000 shares; 2025Q2: 60,000 shares; 2025Q3: 60,000 shares; 2025Q4: 60,000 shares 60,000$1.69M0.45%0Timeline
VNOMVIPER ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 32,114 shares; 2025Q4: 42,516 shares 42,516$1.64M0.43%+10,402Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,000 shares; 2024Q4: 50,000 shares; 2025Q1: 31,434 shares; 2025Q2: 31,434 shares; 2025Q3: 31,434 shares; 2025Q4: 31,434 shares 31,434$1.58M0.42%0Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,000 shares; 2024Q4: 115,000 shares; 2025Q1: 115,000 shares; 2025Q2: 115,000 shares; 2025Q3: 115,000 shares; 2025Q4: 115,000 shares 115,000$1.53M0.4%0Timeline
CNTYCENTURY CASINOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 889,144 shares; 2024Q4: 889,144 shares; 2025Q1: 889,144 shares; 2025Q2: 889,144 shares; 2025Q3: 889,144 shares; 2025Q4: 889,144 shares 889,144$1.18M0.31%0Timeline
ADVADVANTAGE SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,279,631 shares; 2024Q4: 1,278,140 shares; 2025Q1: 1,451,140 shares; 2025Q2: 1,611,140 shares; 2025Q3: 1,700,000 shares; 2025Q4: 1,000,000 shares 1,000,000$880K0.23%-700,000Timeline
WWWW INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 28,091 shares; 2025Q4: 28,091 shares 28,091$821K0.22%0Timeline
EEXEMERALD HOLDING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 783,007 shares; 2024Q4: 790,885 shares; 2025Q1: 818,862 shares; 2025Q2: 783,862 shares; 2025Q3: 879,000 shares; 2025Q4: 93,118 shares 93,118$416K0.11%-785,882Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
BURBURFORD CAPITAL LIMITED4,044,998$48.4Mshares
VALEVALE S A3,551,171$38.6Mshares
LITHIUM ARGENTINA AGLITHIUM ARGENTINA AG16,000,000$14.3Mshares
ASTLALGOMA STL GROUP INC2,037,686$7.24Mshares
BVBRIGHTVIEW HLDGS INC197,000$2.64Mshares
PBIPITNEY BOWES INC159,000$1.81Mshares
NATLNCR ATLEOS CORPORATION28,500$1.12Mshares
PRKSUNITED PARKS & RESORTS INC21,500$1.11Mshares
VYXNCR VOYIX CORPORATION48,000$602Kshares
UNFIUNITED NAT FOODS INC14,500$545Kshares
SKILSKILLSOFT CORP41,500$540Kshares
MBCMASTERBRAND INC33,000$435Kshares
SABRSABRE CORP225,000$412Kshares
MATMATTEL INC22,000$370Kshares
HSICSCHEIN HENRY INC5,000$332Kshares

How Q4 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 0000919574-26-000946 base2026-02-13acceptance time not in the bulk data set