SEC 13F Intelligence

Managers / Q3 2022 · view latest →

BRIGADE CAPITAL MANAGEMENT, LP

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

Reported Value
$989M
Q3 2022
Positions
58
Filings on Record
30
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Brigade Capital Management, LP reported $989M in U.S.-listed holdings across 58 positions for Q3 2022.

Its largest position, Liberty Media, represents 3.6% of the portfolio.

Compared with Q2 2022, the fund opened 8 new positions and exited 4.

Portfolio Metrics

Turnover
+27.1%
vs prior filed quarter
Top-10 Concentration
+16.7%
share of reported value
Largest Position
+3.6%
Liberty Media
New / Exited
8 / 4
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: 76.1%US DOMESTIC: 12.9%Common Stock: 5.6%Other: 5.2%ADR: 0.2%
  • ETP · 76.1% · $753M
  • US DOMESTIC · 12.9% · $127M
  • Common Stock · 5.6% · $56M
  • Other · 5.2% · $52M
  • ADR · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOBLE CORP NEWNEW+675.3K675.3K+$20M$20M
SPDR SER TRNEW+111.0K111.0K+$6M$6M
VANECK ETF TRUSTNEW+29.3K29.3K+$6M$6M
SPDR SER TRNEW+110.8K110.8K+$6M$6M
GTGOODYEAR TIRE & RUBR CONEW+162.0K162.0K+$2M$2M
NDQINVESCO QQQ TRNEW+5.5K5.5K+$1M$1M
NVDANVIDIA CORPORATIONNEW+1.8K1.8K+$219,000$219,000
AMDADVANCED MICRO DEVICES INCNEW+3.4K3.4K+$215,000$215,000

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

Holdings — Q3 2022

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LIBERTY MEDIA CORP DELDEB 3.750% 2/1 · DEB 4.000%11/15.97%$59M131.74M
2VALARIS LIMITEDCL A3.04%$30M613.7K
3ISHARES TRRUSSELL 2000 ETF2.83%$28M169.5K
4WESTERN ASSET MORTGAGE CAPITNOTE 6.750% 9/12.50%$25M28.52M
5NOBLE CORP NEWORD SHS A2.02%$20M675.3K
6TWO HARBORS INVENTMENT CORPONOTE 6.250% 1/11.73%$17M20.08M
7LIBERTY LATIN AMERICA LTDNOTE 2.000% 7/11.42%$14M16.21M
8CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM1.34%$13M9.66M
9VISNCOMMSCOPE HLDG CO INChistory →COM1.32%$13M1.41M
10PEBBLEBROOK HOTEL TRNOTE 1.750%12/11.26%$12M14.38M
11SPDR SER TRS&P HOMEBUILD · S&P RETAIL ETF1.25%$12M221.8K
12EXECHESAPEAKE ENERGY CORPhistory →COM1.10%$11M116.0K
13LUCKBOWLERO CORPCL A COM0.94%$9M754.2K
14VANECK ETF TRUSTOIL SERVICES ETF0.63%$6M29.3K
15IHRTIHEARTMEDIA INCCOM CL A0.27%$3M368.8K
16INTERNATIONAL GAME TECHNOLOGSHS USD0.17%$2M105.0K
17GTGOODYEAR TIRE & RUBR COCOM0.17%$2M162.0K
18LUXEMYT NETHERLANDS PARENT B VADS0.15%$1M130.0K
19NDQINVESCO QQQ TRUNIT SER 10.15%$1M5.5K
20QVCAUSDQURATE RETAIL INCCOM SER A0.13%$1M626.0K
21MXMAGNACHIP SEMICONDUCTOR CORPCOM0.08%$753,00073.5K

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 4 additional managers.

  • Brigade Leveraged Capital Structures Fund Ltd.028-12821
  • SEI INVESTMENTS MANAGEMENT CORP028-16475
  • Brigade Distressed Value Master Fund, Ltd.028-22247
  • Brigade Credit Fund II Ltd.028-21971

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 ↗.