Filed: 11/13/2025ACC: 0000919574-25-006672
📋 What this filing means
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. filed this quarterly 13F‑HR report disclosing 36 equity positions with a total reported market value of $396.31M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
36
Positions
$396.31M
Total AUM (reported)
56.31M
Total Shares
Allocation by class
SPONSORED ADS$98.73M24.9%
SPON ADR NEW$89.84M22.7%
SPON ADR REP PFD$59.11M14.9%
ORD SHS$48.38M12.2%
COM$37.79M9.5%
COM SHS$22.21M5.6%
NOTE 1.750% 1/1$14.28M3.6%
Portfolio Concentration
Top 3$197.33M49.8%
4–10$152.01M38.4%
11–25$40.35M10.2%
Rest$6.62M1.7%
Top 3 weight
49.8%
Top 10 weight
88.1%
Voting Authority Distribution
Total shares with voting rights: 56.31M
Sole
Full voting authority
56.31M
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)
Sole26
Shared0
Other10
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings36
Rows:
HSBC HLDGS PLC
DFNDShares1.27M
TypeSH
Market value$89.84M
22.67%
Sole
1.27M
Shared
0.00
None
0.00
GERDAU SA
DFNDShares19.07M
TypeSH
Market value$59.11M
14.92%
Sole
19.07M
Shared
0.00
None
0.00
BURFORD CAP LTD
DFNDShares4.04M
TypeSH
Market value$48.38M
12.21%
Sole
4.04M
Shared
0.00
None
0.00
VALE S A
DFNDShares3.55M
TypeSH
Market value$38.57M
9.73%
Sole
3.55M
Shared
0.00
None
0.00
TERNIUM SA
DFNDShares992.41K
TypeSH
Market value$34.47M
8.70%
Sole
992.41K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
DFNDShares143.76K
TypeSH
Market value$25.69M
6.48%
Sole
143.76K
Shared
0.00
None
0.00
CORE NATURAL RESOURCES INC
DFNDShares219.24K
TypeSH
Market value$18.30M
4.62%
Sole
219.24K
Shared
0.00
None
0.00
LITHIUM ARGENTINA AG
DFNDShares16M
TypeSH
Market value$14.28M
3.60%
Sole
16M
Shared
0.00
None
0.00
BAIDU INC
DFNDShares102.14K
TypeSH
Market value$13.46M
3.40%
Sole
102.14K
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
DFNDShares2.04M
TypeSH
Market value$7.24M
1.83%
Sole
2.04M
Shared
0.00
None
0.00
EMERALD HOLDING INC
SOLEShares879K
TypeSH
Market value$4.47M
1.13%
Sole
879K
Shared
0.00
None
0.00
CLEAR CHANNEL OUTDOOR HLDGS
SOLEShares2.52M
TypeSH
Market value$3.98M
1.01%
Sole
2.52M
Shared
0.00
None
0.00
CAESARS ENTERTAINMENT INC NE
SOLEShares145.50K
TypeSH
Market value$3.93M
0.99%
Sole
145.50K
Shared
0.00
None
0.00
MACYS INC
SOLEShares200K
TypeSH
Market value$3.59M
0.90%
Sole
200K
Shared
0.00
None
0.00
NATIONAL CINEMEDIA INC
SOLEShares739.90K
TypeSH
Market value$3.34M
0.84%
Sole
739.90K
Shared
0.00
None
0.00
PG&E CORP
SOLEShares200K
TypeSH
Market value$3.02M
0.76%
Sole
200K
Shared
0.00
None
0.00
UNITI GROUP LLC
SOLEShares454.81K
TypeSH
Market value$2.78M
0.70%
Sole
454.81K
Shared
0.00
None
0.00
BRIGHTVIEW HLDGS INC
SOLEShares197K
TypeSH
Market value$2.64M
0.67%
Sole
197K
Shared
0.00
None
0.00
ADVANTAGE SOLUTIONS INC
SOLEShares1.70M
TypeSH
Market value$2.60M
0.66%
Sole
1.70M
Shared
0.00
None
0.00
CENTURY CASINOS INC
SOLEShares889.14K
TypeSH
Market value$2.32M
0.59%
Sole
889.14K
Shared
0.00
None
0.00
PITNEY BOWES INC
SOLEShares159K
TypeSH
Market value$1.81M
0.46%
Sole
159K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares60K
TypeSH
Market value$1.70M
0.43%
Sole
60K
Shared
0.00
None
0.00
VALARIS LTD
SOLEShares31.43K
TypeSH
Market value$1.53M
0.39%
Sole
31.43K
Shared
0.00
None
0.00
CLEVELAND-CLIFFS INC NEW
SOLEShares115K
TypeSH
Market value$1.40M
0.35%
Sole
115K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares32.11K
TypeSH
Market value$1.23M
0.31%
Sole
32.11K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
HSBC HLDGS PLCDFND | SPON ADR NEW | 1.27M | SH | $89.84M 22.67% | 1.27M | 0.00 | 0.00 |
GERDAU SADFND | SPON ADR REP PFD | 19.07M | SH | $59.11M 14.92% | 19.07M | 0.00 | 0.00 |
BURFORD CAP LTDDFND | ORD SHS | 4.04M | SH | $48.38M 12.21% | 4.04M | 0.00 | 0.00 |
VALE S ADFND | SPONSORED ADS | 3.55M | SH | $38.57M 9.73% | 3.55M | 0.00 | 0.00 |
TERNIUM SADFND | SPONSORED ADS | 992.41K | SH | $34.47M 8.70% | 992.41K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDDFND | SPONSORED ADS | 143.76K | SH | $25.69M 6.48% | 143.76K | 0.00 | 0.00 |
CORE NATURAL RESOURCES INCDFND | COM SHS | 219.24K | SH | $18.30M 4.62% | 219.24K | 0.00 | 0.00 |
LITHIUM ARGENTINA AGDFND | NOTE 1.750% 1/1 | 16M | SH | $14.28M 3.60% | 16M | 0.00 | 0.00 |
BAIDU INCDFND | SPON ADR REP A | 102.14K | SH | $13.46M 3.40% | 102.14K | 0.00 | 0.00 |
ALGOMA STL GROUP INCDFND | COM | 2.04M | SH | $7.24M 1.83% | 2.04M | 0.00 | 0.00 |
EMERALD HOLDING INCSOLE | COM | 879K | SH | $4.47M 1.13% | 879K | 0.00 | 0.00 |
CLEAR CHANNEL OUTDOOR HLDGSSOLE | COM | 2.52M | SH | $3.98M 1.01% | 2.52M | 0.00 | 0.00 |
CAESARS ENTERTAINMENT INC NESOLE | COM | 145.50K | SH | $3.93M 0.99% | 145.50K | 0.00 | 0.00 |
MACYS INCSOLE | COM | 200K | SH | $3.59M 0.90% | 200K | 0.00 | 0.00 |
NATIONAL CINEMEDIA INCSOLE | COM NEW | 739.90K | SH | $3.34M 0.84% | 739.90K | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 200K | SH | $3.02M 0.76% | 200K | 0.00 | 0.00 |
UNITI GROUP LLCSOLE | COM SHS | 454.81K | SH | $2.78M 0.70% | 454.81K | 0.00 | 0.00 |
BRIGHTVIEW HLDGS INCSOLE | COM | 197K | SH | $2.64M 0.67% | 197K | 0.00 | 0.00 |
ADVANTAGE SOLUTIONS INCSOLE | COM CL A | 1.70M | SH | $2.60M 0.66% | 1.70M | 0.00 | 0.00 |
CENTURY CASINOS INCSOLE | COM | 889.14K | SH | $2.32M 0.59% | 889.14K | 0.00 | 0.00 |
PITNEY BOWES INCSOLE | COM | 159K | SH | $1.81M 0.46% | 159K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | ORD SHS A | 60K | SH | $1.70M 0.43% | 60K | 0.00 | 0.00 |
VALARIS LTDSOLE | CL A | 31.43K | SH | $1.53M 0.39% | 31.43K | 0.00 | 0.00 |
CLEVELAND-CLIFFS INC NEWSOLE | COM | 115K | SH | $1.40M 0.35% | 115K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 32.11K | SH | $1.23M 0.31% | 32.11K | 0.00 | 0.00 |
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