BRIGADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001421306 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $750,875 (71.5% shares, 28.5% debt)

Holdings (39)

HYG ISHARES TR 19.2%

Value ($000) $144,008 Shares 1,750,000 Est. Cost — Unrealized —

HYG ISHARES TR 11.0%

Value ($000) $82,290 Shares 1,000,000 Est. Cost — Unrealized —

— LIBERTY MEDIA CORP DEL 9.9%

Value ($000) $74,705 Shares 109,860,000 Est. Cost $0.66 Unrealized —

SPY SPDR S&P 500 ETF TR 7.5%

Value ($000) $56,455 Shares 125,000 Est. Cost — Unrealized —

VAL VALARIS LIMITED 5.8%

Value ($000) $43,820 Shares 843,017 Est. Cost $25.06 Unrealized +72.7%

LQD ISHARES TR 5.2%

Value ($000) $39,306 Shares 325,000 Est. Cost — Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 4.5%

Value ($000) $33,656 Shares 9,727,323 Est. Cost $2.53 Unrealized +34.5%

— LIBERTY MEDIA CORP DEL 3.8%

Value ($000) $28,433 Shares 42,596,000 Est. Cost $0.75 Unrealized —

— WESTERN ASSET MORTGAGE CAPIT 3.8%

Value ($000) $28,288 Shares 30,000,000 Est. Cost $1.00 Unrealized —

CIVI CIVITAS RESOURCES INC 3.3%

Value ($000) $24,719 Shares 414,002 Est. Cost $37.02 Unrealized +3.4%

MX MAGNACHIP SEMICONDUCTOR CORP 2.9%

Value ($000) $21,971 Shares 1,299,289 Est. Cost $15.53 Unrealized +15.7%

— TWO HARBORS INVENTMENT CORPO 2.9%

Value ($000) $21,952 Shares 22,335,000 Est. Cost $1.08 Unrealized —

— LIBERTY LATIN AMERICA LTD 2.5%

Value ($000) $18,537 Shares 20,330,000 Est. Cost $0.82 Unrealized —

— PEBBLEBROOK HOTEL TR 2.3%

Value ($000) $17,103 Shares 14,775,000 Est. Cost $1.09 Unrealized —

EXE CHESAPEAKE ENERGY CORP 2.0%

Value ($000) $15,127 Shares 173,975 Est. Cost $35.05 Unrealized +71.4%

— STARWOOD PPTY TR INC 2.0%

Value ($000) $14,649 Shares 14,099,000 Est. Cost $1.04 Unrealized —

VISN COMMSCOPE HLDG CO INC 1.5%

Value ($000) $11,145 Shares 1,414,307 Est. Cost $12.79 Unrealized -28.5%

LUCK BOWLERO CORP 1.4%

Value ($000) $10,317 Shares 964,199 Est. Cost $9.39 Unrealized -6.3%

NE1USD NOBLE CORP NEW 1.0%

Value ($000) $7,354 Shares 209,826 Est. Cost $24.96 Unrealized —

IHRT IHEARTMEDIA INC 0.9%

Value ($000) $6,974 Shares 368,767 Est. Cost $15.30 Unrealized +30.3%

CLPR CLIPPER RLTY INC 0.9%

Value ($000) $6,590 Shares 726,599 Est. Cost $8.26 Unrealized —

PCG PG&E CORP 0.8%

Value ($000) $6,266 Shares 524,820 Est. Cost $9.46 Unrealized +23.6%

— CNX RES CORP 0.8%

Value ($000) $6,165 Shares 3,540,000 Est. Cost $1.30 Unrealized —

— APOLLO COML REAL ESTATE FIN 0.5%

Value ($000) $3,698 Shares 3,728,000 Est. Cost $0.88 Unrealized —

NMIH NMI HLDGS INC 0.4%

Value ($000) $3,258 Shares 158,000 Est. Cost $22.45 Unrealized +4.0%

— QURATE RETAIL INC 0.4%

Value ($000) $2,980 Shares 626,000 Est. Cost $8.62 Unrealized —

— AVAYA HLDGS CORP 0.4%

Value ($000) $2,920 Shares 230,500 Est. Cost $20.47 Unrealized —

TPB TURNING PT BRANDS INC 0.4%

Value ($000) $2,685 Shares 78,960 Est. Cost $25.33 Unrealized +33.9%

BRSL INTERNATIONAL GAME TECHNOLOG 0.3%

Value ($000) $2,591 Shares 105,000 Est. Cost $17.43 Unrealized +10.1%

GDXJ VANECK ETF TRUST 0.3%

Value ($000) $2,459 Shares 52,500 Est. Cost $41.90 Unrealized —

GT GOODYEAR TIRE & RUBR CO 0.3%

Value ($000) $2,315 Shares 162,000 Est. Cost $17.75 Unrealized 0.0%

— FRONTIER COMMUNICATIONS PARE 0.3%

Value ($000) $1,937 Shares 70,000 Est. Cost $26.40 Unrealized —

SD SANDRIDGE ENERGY INC 0.3%

Value ($000) $1,922 Shares 119,984 Est. Cost $22.77 Unrealized -43.3%

LUXE MYT NETHERLANDS PARENT B V 0.2%

Value ($000) $1,590 Shares 130,000 Est. Cost $12.23 Unrealized —

TPC TUTOR PERINI CORP 0.1%

Value ($000) $1,080 Shares 100,000 Est. Cost $12.64 Unrealized -11.3%

— GRANITE PT MTG TR INC 0.1%

Value ($000) $843 Shares 855,000 Est. Cost $0.99 Unrealized —

AMKR AMKOR TECHNOLOGY INC 0.1%

Value ($000) $760 Shares 35,000 Est. Cost $20.84 Unrealized +2.3%

— VISTRA CORP 0.0%

Value ($000) $6 Shares 29,389 Est. Cost $1.22 Unrealized —

IRS/WS IRSA INVERSIONES Y REP S A 0.0%

Value ($000) $1 Shares 142,630 Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	1,750,000	$144,008	19.2%	—	—	Call	464288513
HYG	ISHARES TR	1,000,000	$82,290	11.0%	—	—	Put	464288513
—	LIBERTY MEDIA CORP DEL	109,860,000	$74,705	9.9%	$0.66	—	DEB 3.750% 2/1	530715AL5
SPY	SPDR S&P 500 ETF TR	125,000	$56,455	7.5%	—	—	Put	78462F103
VAL	VALARIS LIMITED	843,017	$43,820	5.8%	$25.06	+72.7%	CL A	G9460G101
LQD	ISHARES TR	325,000	$39,306	5.2%	—	—	Put	464287242
CCO	CLEAR CHANNEL OUTDOOR HLDGS	9,727,323	$33,656	4.5%	$2.53	+34.5%	COM	18453H106
—	LIBERTY MEDIA CORP DEL	42,596,000	$28,433	3.8%	$0.75	—	DEB 4.000%11/1	530715AG6
—	WESTERN ASSET MORTGAGE CAPIT	30,000,000	$28,288	3.8%	$1.00	—	NOTE 6.750% 9/1	95790DAD7
CIVI	CIVITAS RESOURCES INC	414,002	$24,719	3.3%	$37.02	+3.4%	COM NEW	17888H103
MX	MAGNACHIP SEMICONDUCTOR CORP	1,299,289	$21,971	2.9%	$15.53	+15.7%	COM	55933J203
—	TWO HARBORS INVENTMENT CORPO	22,335,000	$21,952	2.9%	$1.08	—	NOTE 6.250% 1/1	90187BAB7
—	LIBERTY LATIN AMERICA LTD	20,330,000	$18,537	2.5%	$0.82	—	NOTE 2.000% 7/1	53069QAB5
—	PEBBLEBROOK HOTEL TR	14,775,000	$17,103	2.3%	$1.09	—	NOTE 1.750%12/1	70509VAA8
EXE	CHESAPEAKE ENERGY CORP	173,975	$15,127	2.0%	$35.05	+71.4%	COM	165167735
—	STARWOOD PPTY TR INC	14,099,000	$14,649	2.0%	$1.04	—	NOTE 4.375% 4/0	85571BAH8
VISN	COMMSCOPE HLDG CO INC	1,414,307	$11,145	1.5%	$12.79	-28.5%	COM	20337X109
LUCK	BOWLERO CORP	964,199	$10,317	1.4%	$9.39	-6.3%	CL A COM	10258P102
NE1USD	NOBLE CORP NEW	209,826	$7,354	1.0%	$24.96	—	SHS	G6610J209
IHRT	IHEARTMEDIA INC	368,767	$6,974	0.9%	$15.30	+30.3%	COM CL A	45174J509
CLPR	CLIPPER RLTY INC	726,599	$6,590	0.9%	$8.26	—	COM	18885T306
PCG	PG&E CORP	524,820	$6,266	0.8%	$9.46	+23.6%	COM	69331C108
—	CNX RES CORP	3,540,000	$6,165	0.8%	$1.30	—	NOTE 2.250% 5/0	12653CAG3
—	APOLLO COML REAL ESTATE FIN	3,728,000	$3,698	0.5%	$0.88	—	NOTE 5.375%10/1	03762UAC9
NMIH	NMI HLDGS INC	158,000	$3,258	0.4%	$22.45	+4.0%	CL A	629209305
—	QURATE RETAIL INC	626,000	$2,980	0.4%	$8.62	—	COM SER A	74915M100
—	AVAYA HLDGS CORP	230,500	$2,920	0.4%	$20.47	—	COM	05351X101
TPB	TURNING PT BRANDS INC	78,960	$2,685	0.4%	$25.33	+33.9%	COM	90041L105
BRSL	INTERNATIONAL GAME TECHNOLOG	105,000	$2,591	0.3%	$17.43	+10.1%	SHS USD	G4863A108
GDXJ	VANECK ETF TRUST	52,500	$2,459	0.3%	$41.90	—	JUNIOR GOLD MINE	92189F791
GT	GOODYEAR TIRE & RUBR CO	162,000	$2,315	0.3%	$17.75	0.0%	COM	382550101
—	FRONTIER COMMUNICATIONS PARE	70,000	$1,937	0.3%	$26.40	—	COM	35909D109
SD	SANDRIDGE ENERGY INC	119,984	$1,922	0.3%	$22.77	-43.3%	COM NEW	80007P869
LUXE	MYT NETHERLANDS PARENT B V	130,000	$1,590	0.2%	$12.23	—	ADS	55406W103
TPC	TUTOR PERINI CORP	100,000	$1,080	0.1%	$12.64	-11.3%	COM	901109108
—	GRANITE PT MTG TR INC	855,000	$843	0.1%	$0.99	—	NOTE 6.375%10/0	38741LAC1
AMKR	AMKOR TECHNOLOGY INC	35,000	$760	0.1%	$20.84	+2.3%	COM	031652100
—	VISTRA CORP	29,389	$6	0.0%	$1.22	—	*W EXP 02/02/202	92840M128
IRS/WS	IRSA INVERSIONES Y REP S A	142,630	$1	0.0%	$0.01	—	*W EXP 05/12/202	P5880C134