Filed: 11/14/2025ACC: 0000919574-25-006890
📋 What this filing means
BRIGADE CAPITAL MANAGEMENT, LP filed this quarterly 13F‑HR report disclosing 22 equity positions with a total reported market value of $815.20M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$815.20M
Total AUM (reported)
159.74M
Total Shares
Allocation by class
IBOXX INV CP ETF$222.94M27.3%
GOLD SHS$159.96M19.6%
20 YR TR BD ETF$154.16M18.9%
RUSSELL 2000 ETF$96.78M11.9%
COM$55.12M6.8%
NOTE 3.125% 9/1$41.62M5.1%
SHS$38.79M4.8%
Portfolio Concentration
Top 3$537.06M65.9%
4–10$231.10M28.3%
11–25$47.04M5.8%
Top 3 weight
65.9%
Top 10 weight
94.2%
Voting Authority Distribution
Total shares with voting rights: 159.74M
Sole
Full voting authority
159.74M
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)
Sole15
Shared0
Other7
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings22
Rows:
ISHARES TR
SOLEShares2M
TypeSH
Market value$222.94M
27.35%
Sole
2M
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares450K
TypeSH
Market value$159.96M
19.62%
Sole
450K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.73M
TypeSH
Market value$154.16M
18.91%
Sole
1.73M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares400K
TypeSH
Market value$96.78M
11.87%
Sole
400K
Shared
0.00
None
0.00
JAZZ INVESTMENTS I LTD
DFNDShares34.97M
TypePRN
Market value$41.62M
5.11%
Sole
34.97M
Shared
0.00
None
0.00
NABORS INDUSTRIES LTD
DFNDShares740.98K
TypeSH
Market value$30.23M
3.71%
Sole
740.98K
Shared
0.00
None
0.00
LANTHEUS HLDGS INC
SOLEShares19.01M
TypePRN
Market value$19.92M
2.44%
Sole
19.01M
Shared
0.00
None
0.00
LUMEN TECHNOLOGIES INC
SOLEShares2.90M
TypeSH
Market value$17.75M
2.18%
Sole
2.90M
Shared
0.00
None
0.00
LANTHEUS HLDGS INC
SOLEShares316.35K
TypeSH
Market value$16.23M
1.99%
Sole
316.35K
Shared
0.00
None
0.00
NORWEGIAN CRUISE LINE HLDG L
SOLEShares347.60K
TypeSH
Market value$8.56M
1.05%
Sole
347.60K
Shared
0.00
None
0.00
EXPAND ENERGY CORPORATION
DFNDShares78.39K
TypeSH
Market value$8.33M
1.02%
Sole
78.39K
Shared
0.00
None
0.00
ECOVYST INC
SOLEShares817.25K
TypeSH
Market value$7.16M
0.88%
Sole
817.25K
Shared
0.00
None
0.00
DIVERSIFIED HEALTHCARE TR
SOLEShares1.60M
TypeSH
Market value$7.06M
0.87%
Sole
1.60M
Shared
0.00
None
0.00
LIBERTY MEDIA CORP DEL
DFNDShares79.11M
TypePRN
Market value$6.33M
0.78%
Sole
79.11M
Shared
0.00
None
0.00
FORWARD AIR CORP
SOLEShares220.85K
TypeSH
Market value$5.66M
0.69%
Sole
220.85K
Shared
0.00
None
0.00
JAZZ INVESTMENTS I LTD
SOLEShares5M
TypePRN
Market value$5.30M
0.65%
Sole
5M
Shared
0.00
None
0.00
SERVICE PPTYS TR
SOLEShares1.07M
TypeSH
Market value$2.92M
0.36%
Sole
1.07M
Shared
0.00
None
0.00
GENWORTH FINL INC
SOLEShares160K
TypeSH
Market value$1.42M
0.17%
Sole
160K
Shared
0.00
None
0.00
FINANCE OF AMERICA COMPAN
SOLEShares57K
TypeSH
Market value$1.28M
0.16%
Sole
57K
Shared
0.00
None
0.00
LIBERTY MEDIA CORP DEL
DFNDShares8.62M
TypePRN
Market value$733.0K
0.09%
Sole
8.62M
Shared
0.00
None
0.00
BEASLEY BROADCAST GROUP INC
DFNDShares136.46K
TypeSH
Market value$611.1K
0.07%
Sole
136.46K
Shared
0.00
None
0.00
EXPAND ENERGY CORPORATION
DFNDShares2.40K
TypeSH
Market value$231.9K
0.03%
Sole
2.40K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | IBOXX INV CP ETF | 2M | SH | $222.94M 27.35% | 2M | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 450K | SH | $159.96M 19.62% | 450K | 0.00 | 0.00 |
ISHARES TRSOLE | 20 YR TR BD ETF | 1.73M | SH | $154.16M 18.91% | 1.73M | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 400K | SH | $96.78M 11.87% | 400K | 0.00 | 0.00 |
JAZZ INVESTMENTS I LTDDFND | NOTE 3.125% 9/1 | 34.97M | PRN | $41.62M 5.11% | 34.97M | 0.00 | 0.00 |
NABORS INDUSTRIES LTDDFND | SHS | 740.98K | SH | $30.23M 3.71% | 740.98K | 0.00 | 0.00 |
LANTHEUS HLDGS INCSOLE | NOTE 2.625%12/1 | 19.01M | PRN | $19.92M 2.44% | 19.01M | 0.00 | 0.00 |
LUMEN TECHNOLOGIES INCSOLE | COM | 2.90M | SH | $17.75M 2.18% | 2.90M | 0.00 | 0.00 |
LANTHEUS HLDGS INCSOLE | COM | 316.35K | SH | $16.23M 1.99% | 316.35K | 0.00 | 0.00 |
NORWEGIAN CRUISE LINE HLDG LSOLE | SHS | 347.60K | SH | $8.56M 1.05% | 347.60K | 0.00 | 0.00 |
EXPAND ENERGY CORPORATIONDFND | COM | 78.39K | SH | $8.33M 1.02% | 78.39K | 0.00 | 0.00 |
ECOVYST INCSOLE | COM | 817.25K | SH | $7.16M 0.88% | 817.25K | 0.00 | 0.00 |
DIVERSIFIED HEALTHCARE TRSOLE | COM SH BEN INT | 1.60M | SH | $7.06M 0.87% | 1.60M | 0.00 | 0.00 |
LIBERTY MEDIA CORP DELDFND | DEB 3.750% 2/1 | 79.11M | PRN | $6.33M 0.78% | 79.11M | 0.00 | 0.00 |
FORWARD AIR CORPSOLE | COM | 220.85K | SH | $5.66M 0.69% | 220.85K | 0.00 | 0.00 |
JAZZ INVESTMENTS I LTDSOLE | NOTE 2.000% 6/1 | 5M | PRN | $5.30M 0.65% | 5M | 0.00 | 0.00 |
SERVICE PPTYS TRSOLE | COM SH BEN INT | 1.07M | SH | $2.92M 0.36% | 1.07M | 0.00 | 0.00 |
GENWORTH FINL INCSOLE | COM SHS | 160K | SH | $1.42M 0.17% | 160K | 0.00 | 0.00 |
FINANCE OF AMERICA COMPANSOLE | CL A NEW | 57K | SH | $1.28M 0.16% | 57K | 0.00 | 0.00 |
LIBERTY MEDIA CORP DELDFND | DEB 4.000%11/1 | 8.62M | PRN | $733.0K 0.09% | 8.62M | 0.00 | 0.00 |
BEASLEY BROADCAST GROUP INCDFND | CL A NEW | 136.46K | SH | $611.1K 0.07% | 136.46K | 0.00 | 0.00 |
EXPAND ENERGY CORPORATIONDFND | *W EXP 02/09/202 | 2.40K | SH | $231.9K 0.03% | 2.40K | 0.00 | 0.00 |