SEC 13F Intelligence

Managers / Q2 2020 · view latest →

BRIGADE CAPITAL MANAGEMENT, LP

CIK 0001421306 · 399 PARK AVENUE, 16TH FLOOR, NEW YORK, NY, 10022 · 212-745-9717

Reported Value
$2.4B
Q2 2020
Positions
91
Filings on Record
30
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Brigade Capital Management, LP reported $2.4B in U.S.-listed holdings across 91 positions for Q2 2020.

Its largest position, Liberty Media, represents 3.8% of the portfolio.

Compared with Q1 2020, the fund opened 21 new positions and exited 14.

Portfolio Metrics

Turnover
+30.5%
vs prior filed quarter
Top-10 Concentration
+8.9%
share of reported value
Largest Position
+3.8%
Liberty Media
New / Exited
21 / 14
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $3.0BQ4 ’18Q1 ’19: $1.6BQ2 ’19: $2.0BQ3 ’19: $1.9BQ4 ’19: $1.3BQ4 ’19Q1 ’20: $2.2BQ2 ’20: $2.4BQ3 ’20: $2.4BQ4 ’20: $1.7BQ4 ’20Q1 ’21: $1.4BQ2 ’21: $1.7BQ3 ’21: $1.2BQ4 ’21: $874MQ4 ’21Q1 ’22: $751MQ2 ’22: $892MQ3 ’22: $989MQ4 ’22: $356MQ4 ’22Q1 ’23: $919MQ2 ’23: $221MQ3 ’23: $458MQ4 ’23: $2.8BQ4 ’23Q1 ’24: $466MQ2 ’24: $438MQ3 ’24: $459MQ4 ’24: $331MQ4 ’24Q1 ’25: $798MQ2 ’25: $436MQ3 ’25: $815MQ4 ’25: $331MQ4 ’25Q1 ’26: $806Mfilingsflow.com

Portfolio Composition

By security type
ETP: 83.2%Common Stock: 8.0%US DOMESTIC: 6.8%Other: 1.3%REIT: 0.7%Other: 0.0%
  • ETP · 83.2% · $2.0B
  • Common Stock · 8.0% · $189M
  • US DOMESTIC · 6.8% · $159M
  • Other · 1.3% · $30M
  • REIT · 0.7% · $17M
  • Other · 0.0% · $310,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GQ9SPDR GOLD TRNEW+360.0K360.0K+$60M$60M
SLVISHARES SILVER TRNEW+2.10M2.10M+$36M$36M
OXYOCCIDENTAL PETE CORPNEW+851.0K851.0K+$16M$16M
RESOURCE CAP CORPNEW+20.00M20.00M+$15M$15M
OMFONEMAIN HLDGS INCNEW+455.0K455.0K+$11M$11M
TRTXTPG RE FIN TR INCNEW+867.3K867.3K+$7M$7M
APOLLO COML REAL EST FIN INCNEW+8.00M8.00M+$7M$7M
APOLLO COML REAL EST FIN INCNEW+7.00M7.00M+$6M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LIBERTY MEDIA CORPDEB 3.750% 2/14.26%$101M142.63M
2MXMAGNACHIP SEMICONDUCTOR CORPCOM · NOTE 5.000% 3/02.06%$49M22.92M
3IHRTIHEARTMEDIA INChistory →COM CL A0.93%$22M2.64M
4FOEFERRO CORPhistory →COM0.89%$21M1.76M
5CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM0.81%$19M18.64M
6RESOURCE CAP CORPNOTE 4.500% 8/10.64%$15M20.00M
7VSTVISTRA ENERGY CORPhistory →COM0.56%$13M703.5K
8OMFONEMAIN HLDGS INChistory →COM0.47%$11M455.0K
9FRTAEURFORTERRA INChistory →COM0.46%$11M963.0K
10CONSTELLIUM SECL A SHS0.45%$11M1.39M
11APOLLO COML REAL EST FIN INCNOTE 4.750% 8/2 · NOTE 5.375%10/10.45%$11M12.40M
12ADIENT PLCORD SHS0.44%$10M630.0K
13TPBTURNING PT BRANDS INCCOM0.32%$8M304.8K
14TRTXTPG RE FIN TR INCCOM0.32%$7M867.3K
15VISNCOMMSCOPE HLDG CO INCCOM0.32%$7M892.3K
16CLPRCLIPPER RLTY INCCOM0.28%$6M800.8K
17CMLSQCUMULUS MEDIA INCCOM CLASS A0.22%$5M1.30M
18DBDEURDIEBOLD NXDF INCCOM0.16%$4M639.8K
19AMPYAMPLIFY ENERGY CORP NEWCOM0.16%$4M3.03M
20LNGCHENIERE ENERGY INCCOM NEW0.15%$3M71.1K
21PCGPG&E CORPCOM0.14%$3M360.0K
22TRANSOCEAN LTDREG SHS0.10%$2M1.35M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$806M23May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$331M29Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$815M33Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$436M24Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$798M24May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$331M20Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$459M20Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$438M22Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$466M23May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.8B38Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$458M28Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$221M23Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$919M29May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$356M28Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$989M58Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$892M55Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$751M74May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$874M90Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.2B78Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.7B91Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.4B95May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.7B86Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.4B88Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.4B91Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.2B86May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.3B92Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.9B97Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.0B97Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.6B96May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.0B123Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • AMP Capital Investors Ltd028-15414
  • Brigade Leveraged Capital Structures Fund Ltd.028-12821
  • SEI INVESTMENTS MANAGEMENT CORP028-16475

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.