Brigade Capital Management, LP
NEW YORK, NY
$86m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 46.8% of the portfolio this quarter.
Value
$86m
Stocks
9
Top 10 share
100.0%
Turnover
46.8%
What changed this quarter
New
Bought for the first time this quarter.
- VistraVST9.4% of the fund
- Lumexa Imaging HoldingsLMRI8.7% of the fund
- United Airlines HoldingsUAL8.5% of the fund
- EmbectaEMBC5.7% of the fund
Added
Bought more of a stock they already held.
- Expand EnergyEXE11.2% of the fund+37%
- Finance of America CompaniesFOA9.0% of the fund+79%
Cut
Sold some of their stake.
- Lantheus HoldingsLNTH42.4% of the fund-10%
- Lumen TechnologiesLUMN4.9% of the fund-70%
Sold out
Sold their entire stake.
- EcovystECVT-100%
- State STR Spdr S&P 500 ETF TSPY-100%
- Nomad FoodsNOMD-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Lantheus HoldingsLNTH | 42.4% | $36m | 328,745 | -10% |
| Expand EnergyEXE | 11.2% | $10m | 105,871 | +37% |
| VistraVST | 9.4% | $8m | 51,200 | New |
| Finance of America CompaniesFOA | 9.0% | $8m | 280,476 | +79% |
| Lumexa Imaging HoldingsLMRI | 8.7% | $8m | 665,900 | New |
| United Airlines HoldingsUAL | 8.5% | $7m | 53,850 | New |
| EmbectaEMBC | 5.7% | $5m | 1,516,453 | New |
| Lumen TechnologiesLUMN | 4.9% | $4m | 550,000 | -70% |
| Century CasinosCNTY | 0.2% | $150,463 | 117,549 | Held |
Options (3)
- Ishares TRTLT
- Type
- Put
- Value
- $259m
- Contracts
- 3,000,000
- Ishares TRIWM
- Type
- Put
- Value
- $90m
- Contracts
- 300,000
- Ishares TRHYG
- Type
- Put
- Value
- $32m
- Contracts
- 400,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares TRTLT | Put | $259m | 3,000,000 |
| Ishares TRIWM | Put | $90m | 300,000 |
| Ishares TRHYG | Put | $32m | 400,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 9.2% since 30 June 2025.
Where the money is
Health care56.8%
Energy11.2%
Utilities9.4%
Financial services9.0%
Industrials8.5%
Media & telecom4.9%
Retail & consumer0.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.