Bracebridge Capital, LLC
Reported holdings as of Q2 2026, from 27 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR OPT | HYG | $1.8B | options only | - | new | OPTIONS | |
| ISHARES TR OPT | HYG | $1.6B | options only | +22.64pp | 8q | OPTIONS | |
| SPDR GOLD TR OPT | GLD | $477.1M | options only | -2.76pp | 3q | OPTIONS | |
| ISHARES TR OPT | IWM | $414.7M | options only | +1.93pp | 6q | OPTIONS | |
| ISHARES TR OPT | IWM | $414.7M | options only | - | new | OPTIONS | |
| SPDR GOLD TR | GLD | $233.4M | 633,450 | -6.78pp | 3q | -33.6%-$117.9M | |
| TESLA INC OPT | TSLA | $198.7M | options only | +2.17pp | 3q | OPTIONS | |
| UNITI GROUP LLC | UNIT | $92.0M | 8,023,590 | -0.28pp | 4q | +3.6%+$3.2M | |
| TESLA INC OPT | TSLA | $85.2M | options only | +0.12pp | 2q | OPTIONS | |
| SPDR GOLD TR OPT | GLD | $81.0M | options only | -0.84pp | 3q | OPTIONS | |
| CAESARS ENTERTAINMENT INC NE OPT | CZR | $30.2M | options only | - | new | OPTIONS | |
| CAESARS ENTERTAINMENT INC NE | CZR | $28.6M | 946,556 | - | new | NEW | |
| SPACE EXPLORATION TECHN CORP OPT | SPCX | $21.6M | options only | - | new | OPTIONS | |
| ADT INC DEL | ADT | $20.3M | 3,126,000 | -0.01pp | 10q | +47.0%+$6.5M | |
| SERVICE PPTYS TR | SVC | $19.1M | 11,330,218 | - | new | NEW | |
| FORWARD AIR CORP | FWRD | $19.0M | 1,404,913 | - | new | NEW | |
| ALVOTECH | ALVO | $14.9M | 4,038,637 | +0.02pp | 17q | +49.3%+$4.9M | |
| SPACE EXPLORATION TECHN CORP OPT | SPCX | $12.6M | options only | - | new | OPTIONS | |
| SPACE EXPLORATION TECHN CORP | SPCX | $7.9M | 46,345 | - | new | NEW | |
| GENWORTH FINL INC | GNW | $6.8M | 714,388 | -0.03pp | 2q | HELD | |
| BLACKSTONE MORTGAGE TRUST IN | BXMT | $4.1M | 241,700 | -0.05pp | 10q | HELD | |
| ALGOMA STL GROUP INC | ASTL | $3.7M | 924,931 | -0.03pp | 14q | HELD | |
| OCTAVE SPECIALTY GROUP INC | OSG | $3.6M | 579,234 | -0.01pp | 27q | HELD | |
| LIBERTY MEDIA CORP DEL | $2.1M | 47,700,000 | -0.02pp | 27q | DEBT | ||
| AQUESTIVE THERAPEUTICS INC | AQST | $1.9M | 459,216 | -0.02pp | 27q | HELD | |
| ATRIUM THERAPEUTICS INC | RNA | $1.9M | 139,239 | -0.02pp | 2q | HELD | |
| TPG RE FIN TR INC | TRTX | $1.5M | 182,157 | -0.01pp | 6q | HELD | |
| PDD HOLDINGS INC OPT | PDD | $1.5M | options only | -0.03pp | 3q | OPTIONS | |
| PDD HOLDINGS INC OPT | PDD | $1.5M | options only | -0.03pp | 3q | OPTIONS | |
| PDD HOLDINGS INC | PDD | $1.0M | 13,600 | -0.01pp | 3q | +17.2%+$152.6K | |
| AIRJOULE TECHNOLOGIES CORP | AIRJW | $65.0K | 50,000 | flat | 10q | HELD | |
| GENERATION ESSENTIALS GROUP | TGEWS | $58.5K | 325,000 | flat | 5q | HELD | |
| CRITICAL METALS CORP | CRMLW | $44.6K | 12,500 | flat | 10q | HELD | |
| GCT SEMICONDUCTOR HLDG INC | GCTSWS | $36.8K | 75,000 | flat | 9q | HELD | |
| EAGLE NUCLEAR ENERGY CORP | NUCLW | $36.2K | 25,000 | flat | 2q | HELD | |
| BRAND ENGAGEMENT NETWORK INC | BNAIW | $23.3K | 166,666 | flat | 10q | HELD | |
| ENVOY MEDICAL INC | COCHW | $13.1K | 262,156 | flat | 11q | HELD | |
| BLUE GOLD LTD | BGLWW | $7.2K | 75,000 | flat | 4q | HELD | |
| CID HOLDCO INC | DAICW | $769 | 62,500 | flat | 5q | HELD | |
| TEVOGEN BIO HLDGS INC | TVGNW | $710 | 12,500 | flat | 10q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Capital Markets | $791.4M | 14.3% |
| Autos & Aerospace | $283.9M | 5.1% |
| Telecom & Media | $92.0M | 1.7% |
| Business Services | $83.0M | 1.5% |
| Other sectors | $76.8M | 1.4% |
| Not classified | $4.2B | 76.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $5.5B | 40 | 9 | 4 | 1 | 13 | 96.3% | 45 |
| Q1 2026 | $3.7B | 44 | 14 | 3 | 1 | 8 | 93.6% | 45 |
| Q4 2025 | $3.1B | 38 | 9 | 1 | 2 | 7 | 96.8% | 48 |
| Q3 2025 | $1.9B | 36 | 5 | 1 | 3 | 14 | 97.0% | 45 |
| Q2 2025 | $1.9B | 45 | 12 | 2 | 1 | 5 | 87.2% | 45 |
| Q1 2025 | $1.5B | 38 | 9 | 2 | 1 | 12 | 93.9% | 45 |
| Q4 2024 | $1.4B | 41 | 13 | 4 | 0 | 11 | 91.7% | 45 |
| Q3 2024 | $612.8M | 39 | 7 | 2 | 1 | 7 | 94.8% | 45 |
| Q2 2024 | $552.1M | 39 | 4 | 1 | 2 | 7 | 98.7% | 45 |
| Q1 2024 | $810.1M | 42 | 14 | 1 | 2 | 15 | 98.0% | 40 |
| Q4 2023 | $463.8M | 43 | 11 | 0 | 0 | 18 | 98.8% | 43 |
| Q3 2023 | $629.0M | 50 | 6 | 2 | 1 | 19 | 98.8% | 45 |
| Q2 2023 | $182.1M | 63 | 23 | 0 | 1 | 33 | 85.0% | 45 |
| Q1 2023 | $374.6M | 73 | 30 | 0 | 1 | 41 | 85.3% | 42 |
| Q4 2022 | $1.1B | 84 | 8 | 0 | 1 | 25 | 88.0% | 41 |
| Q3 2022 | $568.1M | 101 | 6 | 0 | 0 | 7 | 65.3% | 32 |
| Q2 2022 | $631.2M | 102 | 9 | 0 | 2 | 9 | 67.9% | 39 |
| Q1 2022 | $1.3B | 102 | 19 | 0 | 0 | 16 | 83.4% | 41 |
| Q4 2021 | $1.6B | 99 | 38 | 0 | 2 | 8 | 82.6% | 45 |
| Q3 2021 | $1.1B | 69 | 11 | 0 | 0 | 8 | 83.2% | 43 |
| Q2 2021 | $1.1B | 66 | 19 | 5 | 1 | 16 | 85.0% | 43 |
| Q1 2021 | $1.2B | 63 | 54 | 2 | 1 | 5 | 86.9% | 47 |
| Q4 2020 | $658.3M | 14 | 3 | 1 | 1 | 2 | 98.1% | 47 |
| Q3 2020 | $624.5M | 13 | 2 | 0 | 2 | 1 | 99.3% | 47 |
| Q2 2020 | $341.5M | 12 | 2 | 0 | 2 | 1 | 99.5% | 43 |
| Q1 2020 | $551.5M | 11 | 1 | 0 | 2 | 3 | 99.9% | 49 |
| Q4 2019 | $1.2B | 13 | 0 | 0 | 0 | 0 | 99.6% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.