Contrarian Capital Management, L.L.C.
Greenwich, CT
$306m in 19 US stocks at the end of 30 June 2026. The top 10 are 94.6% of the money. It changed about 23.6% of the portfolio this quarter.
Value
$306m
Stocks
19
Top 10 share
94.6%
Turnover
23.6%
What changed this quarter
New
Bought for the first time this quarter.
- Six Flags EntertainmentFUN0.7% of the fund
Added
Bought more of a stock they already held.
- Futu HldgsFUTU11.9% of the fund+28%
- Caesars EntertainmentCZR1.9% of the fund+17%
- Viper EnergyVNOM1.5% of the fund+29%
Cut
Sold some of their stake.
- Republic Airways HoldingsRJET29.8% of the fund-2%
- Clear Channel Outdoor HoldingsCCO0.8% of the fund-56%
Sold out
Sold their entire stake.
- HSBC HoldingsHSBC-100%
- Alibaba Group HldgBABA-100%
- Core Natural ResourcesCNR-100%
Holdings
- Ternium SATX
- Share
- 13.8%
- Value
- $42m
- Shares
- 992,413
Held
- Futu HldgsFUTU
- Share
- 11.9%
- Value
- $36m
- Shares
- 388,611
+28%
- Grupo Aeromexico SAB de CVAERO
- Share
- 3.9%
- Value
- $12m
- Shares
- 671,207
Held
- BaiduBIDU
- Share
- 3.8%
- Value
- $12m
- Shares
- 102,139
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Republic Airways HoldingsRJET | 29.8% | $91m | 4,347,756 | -2% |
| GerdauGGB | 25.2% | $77m | 19,069,112 | Held |
| Ternium SATX | 13.8% | $42m | 992,413 | Held |
| Futu HldgsFUTU | 11.9% | $36m | 388,611 | +28% |
| Grupo Aeromexico SAB de CVAERO | 3.9% | $12m | 671,207 | Held |
| BaiduBIDU | 3.8% | $12m | 102,139 | Held |
| Caesars EntertainmentCZR | 1.9% | $6m | 189,287 | +17% |
| Macy'sM | 1.5% | $5m | 200,000 | Held |
| Viper EnergyVNOM | 1.5% | $5m | 110,000 | +29% |
| Pg&ePCG | 1.1% | $3m | 200,000 | Held |
| WeyerhaeuserWY | 0.9% | $3m | 120,000 | Held |
| Clear Channel Outdoor HoldingsCCO | 0.8% | $3m | 1,044,257 | -56% |
| National CineMediaNCMI | 0.7% | $2m | 596,231 | Held |
| NobleNE | 0.7% | $2m | 60,000 | Held |
| Six Flags EntertainmentFUN | 0.7% | $2m | 100,000 | New |
| Ardagh Metal PackagingAMBP | 0.6% | $2m | 413,706 | Held |
| Century CasinosCNTY | 0.4% | $1m | 889,144 | Held |
| Cleveland-CliffsCLF | 0.4% | $1m | 115,000 | Held |
| WW InternationalWW | 0.1% | $448,894 | 28,091 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 12.4% since 30 June 2025.
Where the money is
Industrials30.5%
Materials25.5%
Retail & consumer4.6%
Energy2.3%
Media & telecom1.6%
Utilities1.1%
Real estate0.9%
Other33.5%
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.