Bracebridge Capital, LLC — 13F Holdings & Portfolio
CIK 1426486 · latest 13F-HR filed 2026-08-14
Bracebridge Capital, LLC manages $5.53B in 13F-reported U.S. long-equity assets across 40 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IFXAF (31.81%), IFXAF (28.40%), GLD (8.62%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 5; 9 existing positions rose in reported value and 8 fell.
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.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 96.5%Cumulative share of the portfolio held in the largest N positions.
SUITE 1500
BOSTON, MA 02199-8193
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BRACEBRIDGE CAPITAL II, L.P. Control | MANAGER | 75% or more | Domestic Entity |
| NGZ 2020 QAT-WINGSPAN Control | LIMITED PARTNER | 50–75% | Domestic Entity |
| PLEASANT STREET HOLDINGS LP Control | MEMBER | 25–50% | Domestic Entity |
| SUNSHINE, GABRIEL, BRENDAN Control | FOUNDER | Less than 5% | Individual |
| SUNSHINE, GABRIEL, BRENDAN Control | SHAREHOLDER | 25–50% | Individual |
| SUNSHINE, GABRIEL, BRENDAN Control | LIMITED PARTNER | 50–75% | Individual |
| SVZ, INC. Control | GENERAL PARTNER | General partner | Domestic Entity |
| SVZ, INC. Control | GENERAL PARTNER | General partner | Domestic Entity |
| ZIMM HOLDINGS LLC Control | GENERAL PARTNER | General partner | Domestic Entity |
| ZIMMERMAN, NANCY, GAIL Control | FOUNDER | Less than 5% | Individual |
| ZIMMERMAN, NANCY, GAIL Control | SHAREHOLDER | 75% or more | Individual |
| ZIMMERMAN, NANCY, GAIL Control | LIMITED PARTNER | 75% or more | Individual |
| ZIMMERMAN, NANCY, GAIL Control | MEMBER | 75% or more | Individual |
| Kudlacik, Scott, R | CHIEF COMPLIANCE OFFICER | Less than 5% | Individual |
| SPINNEY, JOHN, NICHOLAS | CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER | Less than 5% | Individual |
| TOWNLEY, WILLIAM, DANFORTH | GENERAL COUNSEL | Less than 5% | Individual |
| TROWBRIDGE HOLDINGS, LP | MEMBER | 10–25% | Domestic Entity |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- UNITI GROUP LLC$19.4M +26.7%
- ADT INC DEL$6.4M +45.5%
- ALVOTECH$5.6M +60.6%
- GENWORTH FINL INC$964.4K +16.6%
- OCTAVE SPECIALTY GROUP INC$921.0K +34.2%
Top Trims
- SPDR GOLD TR-$176.9M -43.1%
- BLACKSTONE MORTGAGE TRUST IN-$531.7K -11.5%
- PDD HOLDINGS INC-$147.9K -12.5%
- BRAND ENGAGEMENT NETWORK INC-$20.0K -46.2%
- BLUE GOLD LTD-$7.8K -51.9%
New Positions
- CAESARS ENTERTAINMENT INC NE$28.6M
- SERVICE PPTYS TR$19.1M
- FORWARD AIR CORP$19.0M
- SPACE EXPLORATION TECHN CORP$7.9M
Exited Positions
- TESLA INC$14.6M
- ISHARES TR$3.0M
- AMC ENTMT HLDGS INC$2.7M
- OPTIMUM COMMUNICATIONS INC$2.3M
- CLEAR CHANNEL OUTDOOR HLDGS$1.8M
Bracebridge Capital, LLC Holdings (2026-06-30)
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 Call | IFXAF | 464288903 | $1.76B | 31.81% | 220,101 | SH |
| 2 | ISHARES TR Put | IFXAF | 464288953 | $1.57B | 28.40% | 196,507 | SH |
| 3 | SPDR GOLD TR Put | GLD | 78463V957 | $477.1M | 8.62% | 12,950 | SH |
| 4 | ISHARES TR Call | IFXAF | 464287905 | $414.7M | 7.50% | 13,804 | SH |
| 5 | ISHARES TR Put | IFXAF | 464287955 | $414.7M | 7.50% | 13,804 | SH |
| 6 | SPDR GOLD TR | GLD | 78463V107 | $233.4M | 4.22% | 633,450 | SH |
| 7 | TESLA INC Call | TSLA | 88160R901 | $198.7M | 3.59% | 4,725 | SH |
| 8 | UNITI GROUP LLC | UNIT | 912932100 | $92.0M | 1.66% | 8,023,590 | SH |
| 9 | TESLA INC Put | TSLA | 88160R951 | $85.2M | 1.54% | 2,025 | SH |
| 10 | SPDR GOLD TR Call | GLD | 78463V907 | $81.0M | 1.46% | 2,200 | SH |
| 11 | CAESARS ENTERTAINMENT INC NE Call | CZR | 12769G900 | $30.2M | 0.55% | 10,000 | SH |
| 12 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $28.6M | 0.52% | 946,556 | SH |
| 13 | SPACE EXPLORATION TECHN CORP Put | SPCX | 84615Q953 | $21.6M | 0.39% | 1,265 | SH |
| 14 | ADT INC DEL | ADT | 00090Q103 | $20.3M | 0.37% | 3,126,000 | SH |
| 15 | SERVICE PPTYS TR | SVC | 81761L102 | $19.1M | 0.35% | 11,330,218 | SH |
| 16 | FORWARD AIR CORP | FWRD | 34986A104 | $19.0M | 0.34% | 1,404,913 | SH |
| 17 | ALVOTECH | ALVO | L01800108 | $14.9M | 0.27% | 4,038,637 | SH |
| 18 | SPACE EXPLORATION TECHN CORP Call | SPCX | 84615Q903 | $12.6M | 0.23% | 735 | SH |
| 19 | SPACE EXPLORATION TECHN CORP | SPCX | 84615Q103 | $7.9M | 0.14% | 46,345 | SH |
| 20 | GENWORTH FINL INC | GNW | 37247D106 | $6.8M | 0.12% | 714,388 | SH |
| 21 | BLACKSTONE MORTGAGE TRUST IN | BXMT | 09257W100 | $4.1M | 0.07% | 241,700 | SH |
| 22 | ALGOMA STL GROUP INC | ASTL | 015658107 | $3.7M | 0.07% | 924,931 | SH |
| 23 | OCTAVE SPECIALTY GROUP INC | OSG | 023139884 | $3.6M | 0.07% | 579,234 | SH |
| 24 | LIBERTY MEDIA CORP DEL | FWONA | 530715AG6 | $2.1M | 0.04% | 47,700,000 | PRN |
| 25 | AQUESTIVE THERAPEUTICS INC | AQST | 03843E104 | $1.9M | 0.03% | 459,216 | SH |
| 26 | ATRIUM THERAPEUTICS INC | RNA | 04965N104 | $1.9M | 0.03% | 139,239 | SH |
| 27 | TPG RE FIN TR INC | TRTX | 87266M107 | $1.5M | 0.03% | 182,157 | SH |
| 28 | PDD HOLDINGS INC Call | PDD | 722304902 | $1.5M | 0.03% | 193 | SH |
| 29 | PDD HOLDINGS INC Put | PDD | 722304952 | $1.5M | 0.03% | 193 | SH |
| 30 | PDD HOLDINGS INC | PDD | 722304102 | $1.0M | 0.02% | 13,600 | SH |
| 31 | AIRJOULE TECHNOLOGIES CORP | AIRJW | 612160119 | $65.0K | 0.00% | 50,000 | SH |
| 32 | GENERATION ESSENTIALS GROUP | TGE.WS | G38268119 | $58.5K | 0.00% | 325,000 | SH |
| 33 | CRITICAL METALS CORP | CRMLW | G2662B111 | $44.6K | 0.00% | 12,500 | SH |
| 34 | GCT SEMICONDUCTOR HLDG INC | GCTS.WS | 36170N115 | $36.8K | 0.00% | 75,000 | SH |
| 35 | EAGLE NUCLEAR ENERGY CORP | NUCLW | 269710117 | $36.2K | 0.00% | 25,000 | SH |
| 36 | BRAND ENGAGEMENT NETWORK INC | BNAIW | 104932116 | $23.3K | 0.00% | 166,666 | SH |
| 37 | ENVOY MEDICAL INC | COCHW | 29415V117 | $13.1K | 0.00% | 262,156 | SH |
| 38 | BLUE GOLD LTD | BGLWW | G1331C112 | $7.2K | 0.00% | 75,000 | SH |
| 39 | CID HOLDCO INC | DAICW | 171756117 | $769 | 0.00% | 62,500 | SH |
| 40 | TEVOGEN BIO HLDGS INC | TVGNW | 88165K119 | $710 | 0.00% | 12,500 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $5.53B | 40 | 0001426486-26-000006 |
| 2026-03-31 | 2026-05-15 | $3.73B | 44 | 0001426486-26-000004 |
| 2025-12-31 | 2026-02-17 | $3.12B | 38 | 0001426486-26-000002 |
| 2025-09-30 | 2025-11-14 | $1.91B | 36 | 0001426486-25-000007 |
SUITE 1500
BOSTON, MA 02199