Filed: 2/17/2026ACC: 0001426486-26-000002
📋 What this filing means
BRACEBRIDGE CAPITAL, LLC filed this quarterly 13F‑HR report disclosing 38 equity positions with a total reported market value of $3.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
38
Positions
$3.12B
Total AUM (reported)
69.08M
Total Shares
Allocation by class
PUT$1.93B61.9%
CALL$911.19M29.2%
GOLD SHS$158.01M5.1%
COM SHS$48.66M1.6%
COM$27.16M0.9%
ORDINARY SHARES$13.88M0.4%
ORD SHS CL A$6.40M0.2%
Portfolio Concentration
Top 3$1.93B61.9%
4–10$1.09B34.9%
11–25$98.85M3.2%
Rest$1.26M0.0%
Top 3 weight
61.9%
Top 10 weight
96.8%
Voting Authority Distribution
Total shares with voting rights: 21.38M
Sole
Full voting authority
21.38M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole38
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings38
Rows:
ISHARES TR
SOLEShares129.50K
TypeSH
Market value$1.04B
33.50%
Sole
129.50K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares20.61K
TypeSH
Market value$507.46M
16.28%
Sole
20.61K
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares9.50K
TypeSH
Market value$376.49M
12.08%
Sole
9.50K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares15.06K
TypeSH
Market value$370.84M
11.90%
Sole
15.06K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares3.17K
TypeSH
Market value$215.83M
6.92%
Sole
3.17K
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares4K
TypeSH
Market value$158.52M
5.09%
Sole
4K
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares398.70K
TypeSH
Market value$158.01M
5.07%
Sole
398.70K
Shared
0.00
None
0.00
CORE SCIENTIFIC INC NEW
SOLEShares59.82K
TypeSH
Market value$87.10M
2.79%
Sole
59.82K
Shared
0.00
None
0.00
TESLA INC
SOLEShares1.10K
TypeSH
Market value$49.47M
1.59%
Sole
1.10K
Shared
0.00
None
0.00
UNITI GROUP LLC
SOLEShares6.94M
TypeSH
Market value$48.66M
1.56%
Sole
6.94M
Shared
0.00
None
0.00
KRANESHARES TRUST
SOLEShares8K
TypeSH
Market value$27.24M
0.87%
Sole
8K
Shared
0.00
None
0.00
ADT INC DEL
SOLEShares2.13M
TypeSH
Market value$17.16M
0.55%
Sole
2.13M
Shared
0.00
None
0.00
ALVOTECH
SOLEShares2.71M
TypeSH
Market value$13.88M
0.45%
Sole
2.71M
Shared
0.00
None
0.00
AA MISSION ACQUISITION CORP
SOLEShares600K
TypeSH
Market value$6.40M
0.21%
Sole
600K
Shared
0.00
None
0.00
OPTIMUM COMMUNICATIONS INC
SOLEShares3.13M
TypeSH
Market value$5.17M
0.17%
Sole
3.13M
Shared
0.00
None
0.00
BLACKSTONE MTG TR INC
SOLEShares241.70K
TypeSH
Market value$4.62M
0.15%
Sole
241.70K
Shared
0.00
None
0.00
OCTAVE SPECIALTY GROUP INC
SOLEShares579.23K
TypeSH
Market value$4.51M
0.14%
Sole
579.23K
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares924.93K
TypeSH
Market value$3.79M
0.12%
Sole
924.93K
Shared
0.00
None
0.00
AQUESTIVE THERAPEUTICS INC
SOLEShares459.22K
TypeSH
Market value$2.97M
0.10%
Sole
459.22K
Shared
0.00
None
0.00
LIBERTY MEDIA CORP DEL
SOLEShares47.70M
TypePRN
Market value$2.88M
0.09%
Sole
0.00
Shared
0.00
None
0.00
GEN DIGITAL INC
SOLEShares579.23K
TypeSH
Market value$2.62M
0.08%
Sole
579.23K
Shared
0.00
None
0.00
PDD HOLDINGS INC
SOLEShares193.00
TypeSH
Market value$2.19M
0.07%
Sole
193.00
Shared
0.00
None
0.00
PDD HOLDINGS INC
SOLEShares193.00
TypeSH
Market value$2.19M
0.07%
Sole
193.00
Shared
0.00
None
0.00
CLEAR CHANNEL OUTDOOR HLDGS
SOLEShares756.43K
TypeSH
Market value$1.67M
0.05%
Sole
756.43K
Shared
0.00
None
0.00
TPG RE FIN TR INC
SOLEShares182.16K
TypeSH
Market value$1.57M
0.05%
Sole
182.16K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | PUT | 129.50K | SH | $1.04B 33.50% | 129.50K | 0.00 | 0.00 |
ISHARES TRSOLE | PUT | 20.61K | SH | $507.46M 16.28% | 20.61K | 0.00 | 0.00 |
SPDR GOLD TRSOLE | PUT | 9.50K | SH | $376.49M 12.08% | 9.50K | 0.00 | 0.00 |
ISHARES TRSOLE | CALL | 15.06K | SH | $370.84M 11.90% | 15.06K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | CALL | 3.17K | SH | $215.83M 6.92% | 3.17K | 0.00 | 0.00 |
SPDR GOLD TRSOLE | CALL | 4K | SH | $158.52M 5.09% | 4K | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 398.70K | SH | $158.01M 5.07% | 398.70K | 0.00 | 0.00 |
CORE SCIENTIFIC INC NEWSOLE | CALL | 59.82K | SH | $87.10M 2.79% | 59.82K | 0.00 | 0.00 |
TESLA INCSOLE | CALL | 1.10K | SH | $49.47M 1.59% | 1.10K | 0.00 | 0.00 |
UNITI GROUP LLCSOLE | COM SHS | 6.94M | SH | $48.66M 1.56% | 6.94M | 0.00 | 0.00 |
KRANESHARES TRUSTSOLE | CALL | 8K | SH | $27.24M 0.87% | 8K | 0.00 | 0.00 |
ADT INC DELSOLE | COM | 2.13M | SH | $17.16M 0.55% | 2.13M | 0.00 | 0.00 |
ALVOTECHSOLE | ORDINARY SHARES | 2.71M | SH | $13.88M 0.45% | 2.71M | 0.00 | 0.00 |
AA MISSION ACQUISITION CORPSOLE | ORD SHS CL A | 600K | SH | $6.40M 0.21% | 600K | 0.00 | 0.00 |
OPTIMUM COMMUNICATIONS INCSOLE | CL A | 3.13M | SH | $5.17M 0.17% | 3.13M | 0.00 | 0.00 |
BLACKSTONE MTG TR INCSOLE | COM CL A | 241.70K | SH | $4.62M 0.15% | 241.70K | 0.00 | 0.00 |
OCTAVE SPECIALTY GROUP INCSOLE | COM NEW | 579.23K | SH | $4.51M 0.14% | 579.23K | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 924.93K | SH | $3.79M 0.12% | 924.93K | 0.00 | 0.00 |
AQUESTIVE THERAPEUTICS INCSOLE | COM | 459.22K | SH | $2.97M 0.10% | 459.22K | 0.00 | 0.00 |
LIBERTY MEDIA CORP DELSOLE | DEB | 47.70M | PRN | $2.88M 0.09% | 0.00 | 0.00 | 0.00 |
GEN DIGITAL INCSOLE | RIGHT 99/99/9999 | 579.23K | SH | $2.62M 0.08% | 579.23K | 0.00 | 0.00 |
PDD HOLDINGS INCSOLE | PUT | 193.00 | SH | $2.19M 0.07% | 193.00 | 0.00 | 0.00 |
PDD HOLDINGS INCSOLE | CALL | 193.00 | SH | $2.19M 0.07% | 193.00 | 0.00 | 0.00 |
CLEAR CHANNEL OUTDOOR HLDGSSOLE | COM | 756.43K | SH | $1.67M 0.05% | 756.43K | 0.00 | 0.00 |
TPG RE FIN TR INCSOLE | COM | 182.16K | SH | $1.57M 0.05% | 182.16K | 0.00 | 0.00 |
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