CONTRARIAN CAPITAL MANAGEMENT, L.L.C. — 13F Holdings & Portfolio
CIK 1050417 · latest 13F-HR filed 2026-05-15
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. manages $356.7M in 13F-reported U.S. long-equity assets across 21 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are RJET (20.06%), GGB (19.30%), FUTU (11.60%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 1 new position, exited 4, added to 9, and trimmed 8.
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.
$356.7M
Long-equity book
21
Distinct positions
2026-03-31
Filed 2026-05-15
+1 / −4 / ↑9 / ↓8
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ALIBABA GROUP HLDG LTD$14.1M +57.9%
- VIPER ENERGY INC$2.4M +143.2%
- TERNIUM SA$1.9M +5.1%
- CAESARS ENTERTAINMENT INC NE$1.4M +46.6%
- NOBLE CORP PLC$1.2M +73.8%
Top Trims
- HSBC HLDGS PLC-$59.9M -60.1%
- REPUBLIC AWYS HLDGS INC-$10.1M -12.4%
- GRUPO AEROMEXICO SAB DE CV-$5.3M -36.2%
- BAIDU INC-$2.0M -14.7%
- NATIONAL CINEMEDIA INC-$1.1M -36.8%
Exited Positions
- UNITI GROUP LLC$3.1M
- VALARIS LTD$1.6M
- ADVANTAGE SOLUTIONS INC$880.0K
- EMERALD HOLDING INC$416.2K
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 | $71.5M | 20.06% | 4,446,210 | SH |
| 2 | GERDAU SA | GGB | 373737105 | $68.8M | 19.30% | 19,069,112 | SH |
| 3 | FUTU HLDGS LTD | FUTU | 36118L106 | $41.4M | 11.60% | 302,451 | SH |
| 4 | TERNIUM SA | TX | 880890108 | $39.8M | 11.17% | 992,413 | SH |
| 5 | HSBC HLDGS PLC | HSBC | 404280406 | $39.7M | 11.13% | 481,063 | SH |
| 6 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $38.4M | 10.76% | 305,862 | SH |
| 7 | BAIDU INC | BIDU | 056752108 | $11.4M | 3.19% | 102,139 | SH |
| 8 | GRUPO AEROMEXICO SAB DE CV | AERO | 40054J109 | $9.4M | 2.64% | 671,207 | SH |
| 9 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 18453H106 | $5.6M | 1.56% | 2,351,871 | SH |
| 10 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $4.3M | 1.20% | 162,163 | SH |
| 11 | VIPER ENERGY INC | VNOM | 64361Q101 | $4.0M | 1.12% | 85,000 | SH |
| 12 | MACYS INC | M | 55616P104 | $3.6M | 1.01% | 200,000 | SH |
| 13 | PG&E CORP | PCG | 69331C108 | $3.5M | 0.99% | 200,000 | SH |
| 14 | CORE NATURAL RESOURCES INC | CNR | 218937100 | $3.3M | 0.93% | 31,567 | SH |
| 15 | NOBLE CORP PLC | NE | G65431127 | $2.9M | 0.83% | 60,000 | SH |
| 16 | WEYERHAEUSER CO | WY | 962166104 | $2.9M | 0.82% | 120,000 | SH |
| 17 | NATIONAL CINEMEDIA INC | NCMI | 635309206 | $1.8M | 0.51% | 596,231 | SH |
| 18 | ARDAGH METAL PACKAGING S A | AMBP | L02235106 | $1.7M | 0.47% | 413,706 | SH |
| 19 | CENTURY CASINOS INC | CNTY | 156492100 | $1.2M | 0.35% | 889,144 | SH |
| 20 | CLEVELAND-CLIFFS INC NEW | CLF | 185899101 | $971.8K | 0.27% | 115,000 | SH |
| 21 | WW INTL INC | WW | 98262P200 | $386.0K | 0.11% | 28,091 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |