SEC 13F Intelligence

Managers / Q1 2025 · view latest →

BARDIN HILL MANAGEMENT PARTNERS LP

CIK 0001616416 · 299 PARK AVENUE, 24TH FLOOR, NEW YORK, NY, 10171 · 2123039478

Reported Value
$308M
Q1 2025
Positions
35
Filings on Record
31
2019–present window
Filed
May 15, 2025
original filing

Summary

Bardin Hill Management Partners LP reported $308M in U.S.-listed holdings across 35 positions for Q1 2025.

The portfolio is heavily concentrated: NEXT alone accounts for 22.6% of reported value.

Compared with Q4 2024, the fund opened 12 new positions and exited 16.

Portfolio Metrics

Turnover
+22.3%
vs prior filed quarter
Top-10 Concentration
+57.6%
share of reported value
Largest Position
+22.6%
Nextdecade
New / Exited
12 / 16
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $512MQ4 ’18Q1 ’19: $639MQ2 ’19: $723MQ3 ’19: $577MQ4 ’19: $608MQ4 ’19Q1 ’20: $457MQ2 ’20: $273MQ3 ’20: $377MQ4 ’20: $479MQ4 ’20Q1 ’21: $540MQ2 ’21: $569MQ3 ’21: $619MQ4 ’21: $478MQ4 ’21Q1 ’22: $460MQ2 ’22: $384MQ3 ’22: $434MQ4 ’22: $458MQ4 ’22Q1 ’23: $405MQ2 ’23: $387MQ3 ’23: $310MQ4 ’23: $235MQ4 ’23Q1 ’24: $240MQ3 ’24: $215MQ4 ’24: $210MQ1 ’25: $308MQ1 ’25Q2 ’25: $170MQ3 ’25: $80MQ4 ’25: $0Q1 ’26: $0Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 95.7%Other: 3.7%US DOMESTIC: 0.3%ADR: 0.2%
  • Common Stock · 95.7% · $294M
  • Other · 3.7% · $12M
  • US DOMESTIC · 0.3% · $806,807
  • ADR · 0.2% · $767,361

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BEACON ROOFING SUPPLY INCNEW+296.7K296.7K+$37M$37M
INTRA-CELLULAR THERAPIES INCNEW+107.0K107.0K+$14M$14M
FYBRFRONTIER COMMUNICATIONS PARENEW+344.9K344.9K+$12M$12M
H & E EQUIPMENT SERVICES INCNEW+121.2K121.2K+$11M$11M
VEREN INCNEW+1.46M1.46M+$10M$10M
PLAYA HOTELS & RESORTS NVNEW+603.9K603.9K+$8M$8M
DESKTOP METAL INCNEW+1.34M1.34M+$7M$7M
OMCOMNICOM GROUP INCNEW+70.0K70.0K+$6M$6M

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

Holdings — Q1 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEXTNEXTDECADE CORPhistory →COM22.56%$69M8.92M
2SGISOMNIGROUP INTERNATIONAL INChistory →COM5.77%$18M296.1K
3INTRA-CELLULAR THERAPIES INCCOM4.59%$14M107.0K
4KELKELLANOVAhistory →COM4.56%$14M170.1K
5FYBRFRONTIER COMMUNICATIONS PAREhistory →COM4.02%$12M344.9K
6SPIRIT AEROSYSTEMS HLDGS INCCOM CL A3.69%$11M329.2K
7BEACON ROOFING SUPPLY INCCOM3.40%$10M84.6K
8GLNGGOLAR LNG LTDhistory →SHS3.23%$10M261.6K
9VEREN INCCOM3.14%$10M1.46M
10PLAYA HOTELS & RESORTS NVSHS2.62%$8M603.9K
11GSMFERROGLOBE PLChistory →SHS2.29%$7M1.90M
12UNITED STATES STL CORPCOM1.96%$6M142.6K
13OMCOMNICOM GROUP INChistory →COM1.89%$6M70.0K
14H & E EQUIPMENT SERVICES INCCOM1.87%$6M60.6K
15FUNSIX FLAGS ENTERTAINMENT CORPhistory →COM1.82%$6M156.6K
16LVSLAS VEGAS SANDS CORPhistory →COM1.35%$4M107.7K
17AKXANSYS INChistory →COM1.35%$4M13.1K
18CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM1.04%$3M2.88M
19DNBDUN & BRADSTREET HLDGS INChistory →COM1.02%$3M350.1K
20HESHESS CORPCOM1.00%$3M19.2K
21DESPEGAR COM CORPORD SHS0.89%$3M145.2K
22SPRINGWORKS THERAPEUTICS INCCOM0.48%$1M33.3K
23ARRAY TECHNOLOGIES INCNOTE1.000%12/280.26%$806,8071.10M
24LTMLATAM AIRLINES GROUP SASPONSORED ADR0.25%$767,36124.5K
25DESKTOP METAL INCCOM CL A0.06%$180,66336.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$01Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$80M6Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$170M41Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$308M35May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$210M32Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$215M65Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review63Sep 11, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2024$240M74May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$235M97Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$310M93Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$387M114Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$405M146May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$458M159Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$434M197Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$384M177Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$460M183May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$478M206Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$619M202Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$569M238Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$540M251May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$479M105Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$377M87Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$273M72Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$457M91May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$608M105Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$577M82Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$723M91Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$639M91May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$512M76Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Bardin Hill Investment Partners LP

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 ↗.