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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 $356,692,265 across 21 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 92.6% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-26-003136

Period
2026-03-31
Reported value
$357M
Holdings
21
Top 10 weight
92.6%
New
1
Sold out
4

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

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FUTUnew+302,451$41.4M
BABAadded+140,075$17.6M
VNOMadded+42,484$2M
WYadded+43,981$1.07M
CZRadded+37,163$982K

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
HSBCreduced-784,593-$64.7M
UNITexited-443,810-$3.11M
VALexited-31,434-$1.58M
ADVexited-1,000,000-$880K
NCMIreduced-143,668-$438K

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 0000919574-26-003136, largest first. % of portfolio is the value over $356,692,265, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
RJETREPUBLIC AWYS 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: 4,446,210 shares; 2026Q1: 4,446,210 shares 4,446,210$71.5M20.06%0Timeline
GGBGERDAU SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 19,069,112 shares 19,069,112$68.8M19.3%0Timeline
FUTUFUTU HLDGS 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: not reported; 2025Q4: not reported; 2026Q1: 302,451 shares 302,451$41.4M11.6%newTimeline
TXTERNIUM SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 992,413 shares 992,413$39.8M11.17%0Timeline
HSBCHSBC HLDGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 481,063 shares 481,063$39.7M11.13%-784,593Timeline
BABAALIBABA GROUP HLDG 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: 143,760 shares; 2025Q4: 165,787 shares; 2026Q1: 305,862 shares 305,862$38.4M10.76%+140,075Timeline
BIDUBAIDU 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: 102,139 shares; 2025Q4: 102,139 shares; 2026Q1: 102,139 shares 102,139$11.4M3.19%0Timeline
AEROGRUPO AEROMEXICO SAB DE CVQuarterly 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: 671,207 shares; 2026Q1: 671,207 shares 671,207$9.4M2.64%0Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 2,351,871 shares 2,351,871$5.57M1.56%0Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 162,163 shares 162,163$4.29M1.2%+37,163Timeline
VNOMVIPER ENERGY 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: 32,114 shares; 2025Q4: 42,516 shares; 2026Q1: 85,000 shares 85,000$3.99M1.12%+42,484Timeline
MMACYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 200,000 shares 200,000$3.62M1.01%0Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 200,000 shares; 2026Q1: 200,000 shares 200,000$3.51M0.99%0Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 219,243 shares; 2025Q2: 219,243 shares; 2025Q3: 219,243 shares; 2025Q4: 31,567 shares; 2026Q1: 31,567 shares 31,567$3.31M0.93%0Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 60,000 shares 60,000$2.94M0.83%0Timeline
WYWEYERHAEUSER COQuarterly 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: 76,019 shares; 2026Q1: 120,000 shares 120,000$2.93M0.82%+43,981Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 596,231 shares 596,231$1.82M0.51%-143,668Timeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 413,706 shares 413,706$1.68M0.47%0Timeline
CNTYCENTURY CASINOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 889,144 shares 889,144$1.24M0.35%0Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 115,000 shares 115,000$972K0.27%0Timeline
WWWW INTL 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: 28,091 shares; 2025Q4: 28,091 shares; 2026Q1: 28,091 shares 28,091$386K0.11%0Timeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
UNITUNITI GROUP LLC443,810$3.11Mshares
VALVALARIS LTD31,434$1.58Mshares
ADVADVANTAGE SOLUTIONS INC1,000,000$880Kshares
EEXEMERALD HOLDING INC93,118$416Kshares

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 0000919574-26-003136 base2026-05-15acceptance time not in the bulk data set