BRIGADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001421306 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $797,903 (97.3% shares, 2.7% debt)

Holdings (15)

IWM ISHARES TR 29.4%

Value ($000) $234,401 Shares 1,175,000 Est. Cost — Unrealized —

HYG ISHARES TR 24.7%

Value ($000) $197,225 Shares 2,500,000 Est. Cost — Unrealized —

LQD ISHARES TR 24.5%

Value ($000) $195,642 Shares 1,800,000 Est. Cost — Unrealized —

IWM ISHARES TR 11.3%

Value ($000) $89,771 Shares 450,000 Est. Cost — Unrealized —

NBR NABORS INDUSTRIES LTD 4.7%

Value ($000) $37,653 Shares 904,035 Est. Cost $50.92 Unrealized 0.0%

— LIBERTY MEDIA CORP DEL 2.4%

Value ($000) $19,383 Shares 79,114,000 Est. Cost $0.57 Unrealized —

EXE EXPAND ENERGY CORPORATION 1.1%

Value ($000) $8,726 Shares 78,386 Est. Cost $73.53 Unrealized +37.4%

ECVT ECOVYST INC 0.5%

Value ($000) $4,137 Shares 667,255 Est. Cost $9.06 Unrealized -18.3%

— FORWARD AIR CORP 0.4%

Value ($000) $3,335 Shares 166,000 Est. Cost $32.25 Unrealized —

SVC SERVICE PPTYS TR 0.3%

Value ($000) $2,375 Shares 910,000 Est. Cost $2.61 Unrealized —

— LIBERTY MEDIA CORP DEL 0.3%

Value ($000) $2,199 Shares 8,624,000 Est. Cost $0.73 Unrealized —

FOA FINANCE OF AMERICA COMPAN 0.2%

Value ($000) $1,212 Shares 57,000 Est. Cost $17.81 Unrealized +37.3%

DHC DIVERSIFIED HEALTHCARE TR 0.1%

Value ($000) $960 Shares 400,000 Est. Cost $3.08 Unrealized —

BBGI BEASLEY BROADCAST GROUP INC 0.1%

Value ($000) $644 Shares 136,455 Est. Cost $10.34 Unrealized -26.9%

EXEEL EXPAND ENERGY CORPORATION 0.0%

Value ($000) $241 Shares 2,398 Est. Cost $85.36 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	1,175,000	$234,401	29.4%	—	—	Put	464287655
HYG	ISHARES TR	2,500,000	$197,225	24.7%	—	—	Put	464288513
LQD	ISHARES TR	1,800,000	$195,642	24.5%	—	—	Put	464287242
IWM	ISHARES TR	450,000	$89,771	11.3%	—	—	Call	464287655
NBR	NABORS INDUSTRIES LTD	904,035	$37,653	4.7%	$50.92	0.0%	SHS	G6359F137
—	LIBERTY MEDIA CORP DEL	79,114,000	$19,383	2.4%	$0.57	—	DEB 3.750% 2/1	530715AL5
EXE	EXPAND ENERGY CORPORATION	78,386	$8,726	1.1%	$73.53	+37.4%	COM	165167735
ECVT	ECOVYST INC	667,255	$4,137	0.5%	$9.06	-18.3%	COM	27923Q109
—	FORWARD AIR CORP	166,000	$3,335	0.4%	$32.25	—	COM	349853101
SVC	SERVICE PPTYS TR	910,000	$2,375	0.3%	$2.61	—	COM SH BEN INT	81761L102
—	LIBERTY MEDIA CORP DEL	8,624,000	$2,199	0.3%	$0.73	—	DEB 4.000%11/1	530715AG6
FOA	FINANCE OF AMERICA COMPAN	57,000	$1,212	0.2%	$17.81	+37.3%	CL A NEW	31738L206
DHC	DIVERSIFIED HEALTHCARE TR	400,000	$960	0.1%	$3.08	—	COM SH BEN INT	25525P107
BBGI	BEASLEY BROADCAST GROUP INC	136,455	$644	0.1%	$10.34	-26.9%	CL A NEW	074014200
EXEEL	EXPAND ENERGY CORPORATION	2,398	$241	0.0%	$85.36	—	*W EXP 02/09/202	165167180