BRIGADE CAPITAL MANAGEMENT, LP — 13F Holdings & Portfolio
CIK 1421306 · latest 13F-HR filed 2026-05-15
BRIGADE CAPITAL MANAGEMENT, LP manages $805.8M in 13F-reported U.S. long-equity assets across 23 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are HYG (23.70%), TLT (22.05%), LQD (13.53%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 2 new positions, exited 7, added to 4, 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.
$805.8M
Long-equity book
23
Distinct positions
2026-03-31
Filed 2026-05-15
+2 / −7 / ↑4 / ↓4
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LANTHEUS HLDGS INC$19.1M +224.9%
- LANTHEUS HLDGS INC$15.7M +36.9%
- ECOVYST INC$2.6M +32.2%
- FINANCE OF AMERICA COMPAN$621.0K +31.3%
Top Trims
- NOMAD FOODS LTD-$2.5M -23.2%
- LUMEN TECHNOLOGIES INC-$1.6M -10.8%
- LIBERTY MEDIA CORP DEL-$1.3M -31.8%
- LIBERTY MEDIA CORP DEL-$134.8K -31.8%
Exited Positions
- NABORS INDUSTRIES LTD$36.7M
- JAZZ INVESTMENTS I LTD$25.3M
- DIVERSIFIED HEALTHCARE TR$7.8M
- JAZZ INVESTMENTS I LTD$3.5M
- SERVICE PPTYS TR$2.0M
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 | ISHARES TR Put | HYG | 464288513 | $190.9M | 23.70% | 2,400,000 | SH |
| 2 | ISHARES TR Put | TLT | 464287432 | $177.7M | 22.05% | 2,050,000 | SH |
| 3 | ISHARES TR Call | LQD | 464287242 | $109.0M | 13.53% | 1,000,000 | SH |
| 4 | ISHARES TR Call | HYG | 464288513 | $95.5M | 11.85% | 1,200,000 | SH |
| 5 | ISHARES TR Call | IWM | 464287655 | $75.6M | 9.39% | 305,000 | SH |
| 6 | LANTHEUS HLDGS INC | LNTH | 516544AB9 | $52.0M | 6.46% | 43,555,000 | PRN |
| 7 | LANTHEUS HLDGS INC | LNTH | 516544103 | $27.6M | 3.42% | 363,745 | SH |
| 8 | LUMEN TECHNOLOGIES INC | LUMN | 550241103 | $12.8M | 1.59% | 1,850,000 | SH |
| 9 | ECOVYST INC | ECVT | 27923Q109 | $10.5M | 1.30% | 817,255 | SH |
| 10 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $9.8M | 1.21% | 15,000 | SH |
| 11 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $8.5M | 1.05% | 77,120 | SH |
| 12 | NOMAD FOODS LTD | NOMD | G6564A105 | $8.4M | 1.04% | 875,000 | SH |
| 13 | COREWEAVE INC Put | CRWV | 21873S108 | $7.7M | 0.96% | 100,000 | SH |
| 14 | LANTHEUS HLDGS INC Call | LNTH | 516544103 | $7.6M | 0.94% | 100,000 | SH |
| 15 | LANTHEUS HLDGS INC | LNTH | 516544AB9 | $5.1M | 0.63% | 4,240,000 | PRN |
| 16 | FINANCE OF AMERICA COMPAN | FOA | 31738L206 | $2.6M | 0.32% | 157,000 | SH |
| 17 | LIBERTY MEDIA CORP DEL | FWONA | 530715AL5 | $2.4M | 0.30% | 63,910,000 | PRN |
| 18 | LANTHEUS HLDGS INC | LNTH | 516544AB9 | $1.2M | 0.14% | 965,000 | PRN |
| 19 | LIBERTY MEDIA CORP DEL | FWONA | 530715AL5 | $385.3K | 0.05% | 10,275,000 | PRN |
| 20 | LIBERTY MEDIA CORP DEL | FWONA | 530715AG6 | $237.8K | 0.03% | 6,340,000 | PRN |
| 21 | CENTURY CASINOS INC | CNTY | 156492100 | $163.4K | 0.02% | 117,549 | SH |
| 22 | LIBERTY MEDIA CORP DEL | FWONA | 530715AL5 | $88.3K | 0.01% | 2,355,000 | PRN |
| 23 | LIBERTY MEDIA CORP DEL | FWONA | 530715AG6 | $51.0K | 0.01% | 1,360,000 | PRN |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $805.8M | 23 | 0000919574-26-003134 |
| 2025-12-31 | 2026-02-13 | $331.1M | 29 | 0000919574-26-000948 |
| 2025-09-30 | 2025-11-14 | $815.2M | 33 | 0000919574-25-006890 |