Q3 2025 · 13F-HR
BRIGADE CAPITAL MANAGEMENT, LPholdings as filed
Filed 2025-11-14 · accession 0000919574-25-006890
$815.2M
Reported value
22
Positions
2025-09-30
Period end
The Brief · BRIGADE CAPITAL MANAGEMENT, LP · Q3 2025
AI · grounded in 13F
Brigade Capital Management, LP initiated a new position in GLD valued at $159.96M. The fund also established new holdings in TLT for $154.16M and JAZZ INVESTMENTS I LTD for $41.62M. Conversely, the manager trimmed its position in IWM by 33.33%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287242 | LQD | ISHARES TR | $222.9M | 27.3% | 2,000,000 | PUT | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $160.0M | 19.6% | 450,000 | CALL | SOLE |
| 464287432 | TLT | ISHARES TR | $154.2M | 18.9% | 1,725,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $96.8M | 11.9% | 400,000 | PUT | SOLE |
| 472145AH4 | JAZZ 3.125 09/15/30 | JAZZ INVESTMENTS I LTD | $41.6M | 5.11% | 34,965,000 | Common | SOLE |
| G6359F137 | NBR | NABORS INDUSTRIES LTD | $30.2M | 3.71% | 740,975 | Common | SOLE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HLDGS INC | $19.9M | 2.44% | 19,010,000 | Common | SOLE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $17.7M | 2.18% | 2,900,000 | Common | SOLE |
| 516544103 | LNTH | LANTHEUS HLDGS INC | $16.2M | 1.99% | 316,345 | Common | SOLE |
| G66721104 | NCLH | NORWEGIAN CRUISE LINE HLDG L | $8.6M | 1.05% | 347,600 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $8.3M | 1.02% | 78,386 | Common | SOLE |
| 27923Q109 | ECVT | ECOVYST INC | $7.2M | 0.88% | 817,255 | Common | SOLE |
| 25525P107 | DHC | DIVERSIFIED HEALTHCARE TR | $7.1M | 0.87% | 1,600,000 | Common | SOLE |
| 530715AL5 | LINTA 3.75 02/15/30 | LIBERTY MEDIA CORP DEL | $6.3M | 0.78% | 79,114,000 | Common | SOLE |
| 34986A104 | FWRD | FORWARD AIR CORP | $5.7M | 0.69% | 220,850 | Common | SOLE |
| 472145AF8 | JAZZ 2 06/15/26 | JAZZ INVESTMENTS I LTD | $5.3M | 0.65% | 5,000,000 | Common | SOLE |
| 81761L102 | SVC | SERVICE PPTYS TR | $2.9M | 0.36% | 1,075,000 | Common | SOLE |
| 37247D106 | GNW | GENWORTH FINL INC | $1.4M | 0.17% | 160,000 | Common | SOLE |
| 31738L206 | FOA | FINANCE OF AMERICA COMPAN | $1.3M | 0.16% | 57,000 | Common | SOLE |
| 530715AG6 | LINTA 4 11/15/29 | LIBERTY MEDIA CORP DEL | $733,040 | 0.09% | 8,624,000 | Common | SOLE |
| 074014200 | BBGI | BEASLEY BROADCAST GROUP INC | $611,110 | 0.07% | 136,455 | Common | SOLE |
| 165167180 | EXEEL | EXPAND ENERGY CORPORATION | $231,911 | 0.03% | 2,398 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.