CONTRARIAN CAPITAL MANAGEMENT, L.L.C. — 13F Holdings & Portfolio
CIK 1050417 · latest 13F-HR filed 2026-08-14
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. manages $306.1M in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are RJET (29.85%), GGB (25.17%), TX (13.85%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position, exited 3, added to 11, and trimmed 4.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 425
GREENWICH, CT 06830
$306.1M
Long-equity book
19
Distinct positions
2026-06-30
Filed 2026-08-14
+1 / −3 / ↑11 / ↓4
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- REPUBLIC AWYS HLDGS INC$19.8M +27.7%
- GERDAU SA$8.2M +11.9%
- GRUPO AEROMEXICO SAB DE CV$2.7M +28.5%
- TERNIUM SA$2.5M +6.4%
- CAESARS ENTERTAINMENT INC NE$1.4M +33.3%
Top Trims
- FUTU HLDGS LTD-$4.9M -11.9%
- CLEAR CHANNEL OUTDOOR HLDGS-$3.0M -54.7%
- NOBLE CORP PLC-$706.2K -24.0%
- CENTURY CASINOS INC-$97.8K -7.9%
Exited Positions
- HSBC HLDGS PLC$39.7M
- ALIBABA GROUP HLDG LTD$38.4M
- CORE NATURAL RESOURCES INC$3.3M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | REPUBLIC AWYS HLDGS INC | RJET | 590479408 | $91.3M | 29.85% | 4,347,756 | SH |
| 2 | GERDAU SA | GGB | 373737105 | $77.0M | 25.17% | 19,069,112 | SH |
| 3 | TERNIUM SA | TX | 880890108 | $42.4M | 13.85% | 992,413 | SH |
| 4 | FUTU HLDGS LTD | FUTU | 36118L106 | $36.4M | 11.90% | 388,611 | SH |
| 5 | GRUPO AEROMEXICO SAB DE CV | AERO | 40054J109 | $12.1M | 3.95% | 671,207 | SH |
| 6 | BAIDU INC | BIDU | 056752108 | $11.7M | 3.81% | 102,139 | SH |
| 7 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $5.7M | 1.87% | 189,287 | SH |
| 8 | MACYS INC | M | 55616P104 | $4.7M | 1.54% | 200,000 | SH |
| 9 | VIPER ENERGY INC | VNOM | 64361Q101 | $4.7M | 1.52% | 110,000 | SH |
| 10 | PG&E CORP | PCG | 69331C108 | $3.4M | 1.10% | 200,000 | SH |
| 11 | WEYERHAEUSER CO | WY | 962166104 | $2.9M | 0.94% | 120,000 | SH |
| 12 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 18453H106 | $2.5M | 0.83% | 1,044,257 | SH |
| 13 | NATIONAL CINEMEDIA INC | NCMI | 635309206 | $2.3M | 0.74% | 596,231 | SH |
| 14 | NOBLE CORP PLC | NE | G65431127 | $2.2M | 0.73% | 60,000 | SH |
| 15 | SIX FLAGS ENTERTAINMENT CORP | FUN | 83001C108 | $2.1M | 0.70% | 100,000 | SH |
| 16 | ARDAGH METAL PACKAGING S A | AMBP | L02235106 | $2.0M | 0.64% | 413,706 | SH |
| 17 | CENTURY CASINOS INC | CNTY | 156492100 | $1.1M | 0.37% | 889,144 | SH |
| 18 | CLEVELAND-CLIFFS INC NEW | CLF | 185899101 | $1.1M | 0.35% | 115,000 | SH |
| 19 | WW INTL INC | WW | 98262P200 | $448.9K | 0.15% | 28,091 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $306.1M | 19 | 0000919574-26-005156 |
| 2026-03-31 | 2026-05-15 | $356.7M | 21 | 0000919574-26-003136 |
| 2025-12-31 | 2026-02-13 | $379.7M | 24 | 0000919574-26-000946 |
| 2025-09-30 | 2025-11-13 | $396.3M | 36 | 0000919574-25-006672 |