Q4 2025 · 13F-HR
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.holdings as filed
Filed 2026-02-13 · accession 0000919574-26-000946
$379.7M
Reported value
24
Positions
2025-12-31
Period end
The Brief · CONTRARIAN CAPITAL MANAGEMENT, L.L.C. · Q4 2025
AI · grounded in 13F
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. established a new position in RJET valued at $81.7M. The fund also opened new stakes in AERO for $14.7M and WY for $1.8M. On the sell side, the manager closed positions in BUR and VALE, reducing exposure by $48.4M and $38.6M respectively. Additionally, the fund increased its holdings in AMBP by 335.48%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 404280406 | HSBC | HSBC HLDGS PLC | $99.6M | 26.2% | 1,265,656 | Common | SOLE |
| 590479408 | RJET | REPUBLIC AWYS HLDGS INC | $81.7M | 21.5% | 4,446,210 | Common | SOLE |
| 373737105 | GGB | GERDAU SA | $70.4M | 18.5% | 19,069,112 | Common | SOLE |
| 880890108 | TX | TERNIUM SA | $37.9M | 9.98% | 992,413 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $24.3M | 6.40% | 165,787 | Common | SOLE |
| 40054J109 | AERO | GRUPO AEROMEXICO SAB DE CV | $14.7M | 3.88% | 671,207 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $13.3M | 3.52% | 102,139 | Common | SOLE |
| 18453H106 | CCO | CLEAR CHANNEL OUTDOOR HLDGS | $5.2M | 1.37% | 2,351,871 | Common | SOLE |
| 55616P104 | M | MACYS INC | $4.4M | 1.16% | 200,000 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $3.2M | 0.85% | 200,000 | Common | SOLE |
| 912932100 | UNIT | UNITI GROUP LLC | $3.1M | 0.82% | 443,810 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $2.9M | 0.77% | 125,000 | Common | SOLE |
| 635309206 | NCMI | NATIONAL CINEMEDIA INC | $2.9M | 0.76% | 739,899 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $2.8M | 0.74% | 31,567 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $1.8M | 0.47% | 76,019 | Common | SOLE |
| L02235106 | AMBP | ARDAGH METAL PACKAGING S A | $1.7M | 0.45% | 413,706 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $1.7M | 0.45% | 60,000 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $1.6M | 0.43% | 42,516 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $1.6M | 0.42% | 31,434 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $1.5M | 0.40% | 115,000 | Common | SOLE |
| 156492100 | CNTY | CENTURY CASINOS INC | $1.2M | 0.31% | 889,144 | Common | SOLE |
| 00791N102 | — | ADVANTAGE SOLUTIONS INC | $880,000 | 0.23% | 1,000,000 | Common | SOLE |
| 98262P200 | WW | WW INTL INC | $820,679 | 0.22% | 28,091 | Common | SOLE |
| 29103W104 | EEX | EMERALD HOLDING INC | $416,237 | 0.11% | 93,118 | 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.