# BRIGADE CAPITAL MANAGEMENT, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1421306. Source: https://holderbook.com/funds/1421306-brigade-capital-management-lp/

- Reported value: $534.3M
- Positions: 15
- Weight of the ten largest: 97.4%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $259.3M | 0 | 48.5% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $90.1M | 0 | 16.9% | 6 |
| LANTHEUS HLDGS INC | - | $62.5M | 43,417,000 | 11.7% | 4 |
| LANTHEUS HLDGS INC | [LNTH](https://holderbook.com/stocks/LNTH/) | $36.5M | 328,745 | 6.8% | 5 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $32.0M | 0 | 6.0% | 2 |
| EXPAND ENERGY CORPORATION | [EXE](https://holderbook.com/stocks/EXE/) | $9.6M | 105,871 | 1.8% | 8 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $8.1M | 51,200 | 1.5% | 1 |
| FINANCE OF AMERICA COMPAN | [FOA](https://holderbook.com/stocks/FOA/) | $7.7M | 280,476 | 1.4% | 7 |
| LUMEXA IMAGING HOLDINGS INC | [LMRI](https://holderbook.com/stocks/LMRI/) | $7.5M | 665,900 | 1.4% | 1 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $7.3M | 53,850 | 1.4% | 1 |
| EMBECTA CORP | [EMBC](https://holderbook.com/stocks/EMBC/) | $4.9M | 1,516,453 | 0.9% | 1 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $4.2M | 550,000 | 0.8% | 5 |
| LIBERTY MEDIA CORP DEL | - | $3.9M | 73,105,000 | 0.7% | 31 |
| LIBERTY MEDIA CORP DEL | - | $385.0K | 7,700,000 | 0.1% | 23 |
| CENTURY CASINOS INC | [CNTY](https://holderbook.com/stocks/CNTY/) | $150.5K | 117,549 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +16.6% | +7.8% | +8.8% | 91% |
| Q2 2025 | -18.5% | +10.5% | -28.9% | 69% |
| Q4 2024 | -4.0% | +2.1% | -6.1% | 80% |
| Q3 2024 | +25.1% | +5.4% | +19.7% | 63% |
| Q2 2024 | +4.5% | +4.0% | +0.5% | 63% |
| Q1 2024 | +8.7% | +10.0% | -1.3% | 60% |
| Q4 2019 | +7.9% | +8.5% | -0.6% | 70% |
| Q3 2019 | -3.3% | +1.3% | -4.5% | 75% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $534.3M | 15 |
| Q1 2026 | $805.8M | 16 |
| Q4 2025 | $331.1M | 20 |
| Q3 2025 | $815.2M | 22 |
| Q2 2025 | $435.8M | 15 |
| Q1 2025 | $797.9M | 14 |
| Q4 2024 | $330.9M | 13 |
| Q3 2024 | $458.9M | 15 |
| Q2 2024 | $437.7M | 17 |
| Q1 2024 | $466.2M | 19 |
| Q4 2023 | $2.8B | 30 |
| Q3 2023 | $457.8M | 22 |