BRIGADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001421306 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $815,204 (90.9% shares, 9.1% debt)

Holdings (22)

LQD ISHARES TR 27.3%

Value ($000) $222,940 Shares 2,000,000 Est. Cost — Unrealized —

GLD SPDR GOLD TR 19.6%

Value ($000) $159,962 Shares 450,000 Est. Cost — Unrealized —

TLT ISHARES TR 18.9%

Value ($000) $154,163 Shares 1,725,000 Est. Cost — Unrealized —

IWM ISHARES TR 11.9%

Value ($000) $96,784 Shares 400,000 Est. Cost — Unrealized —

— JAZZ INVESTMENTS I LTD 5.1%

Value ($000) $41,625 Shares 34,965,000 Est. Cost $1.19 Unrealized —

NBR NABORS INDUSTRIES LTD 3.7%

Value ($000) $30,232 Shares 740,975 Est. Cost $50.92 Unrealized -30.1%

— LANTHEUS HLDGS INC 2.4%

Value ($000) $19,923 Shares 19,010,000 Est. Cost $1.05 Unrealized —

LUMN LUMEN TECHNOLOGIES INC 2.2%

Value ($000) $17,748 Shares 2,900,000 Est. Cost $3.88 Unrealized +23.9%

LNTH LANTHEUS HLDGS INC 2.0%

Value ($000) $16,225 Shares 316,345 Est. Cost $73.95 Unrealized -15.5%

NCLH NORWEGIAN CRUISE LINE HLDG L 1.1%

Value ($000) $8,561 Shares 347,600 Est. Cost $24.29 Unrealized 0.0%

EXE EXPAND ENERGY CORPORATION 1.0%

Value ($000) $8,328 Shares 78,386 Est. Cost $73.53 Unrealized +34.8%

ECVT ECOVYST INC 0.9%

Value ($000) $7,159 Shares 817,255 Est. Cost $8.68 Unrealized +1.5%

DHC DIVERSIFIED HEALTHCARE TR 0.9%

Value ($000) $7,056 Shares 1,600,000 Est. Cost $3.72 Unrealized —

— LIBERTY MEDIA CORP DEL 0.8%

Value ($000) $6,329 Shares 79,114,000 Est. Cost $0.57 Unrealized —

FWRD FORWARD AIR CORP 0.7%

Value ($000) $5,663 Shares 220,850 Est. Cost $17.76 Unrealized +62.0%

— JAZZ INVESTMENTS I LTD 0.7%

Value ($000) $5,303 Shares 5,000,000 Est. Cost $1.06 Unrealized —

SVC SERVICE PPTYS TR 0.4%

Value ($000) $2,924 Shares 1,075,000 Est. Cost $2.58 Unrealized —

GNW GENWORTH FINL INC 0.2%

Value ($000) $1,424 Shares 160,000 Est. Cost $8.25 Unrealized 0.0%

FOA FINANCE OF AMERICA COMPAN 0.2%

Value ($000) $1,279 Shares 57,000 Est. Cost $17.81 Unrealized +40.2%

— LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $733 Shares 8,624,000 Est. Cost $0.73 Unrealized —

BBGI BEASLEY BROADCAST GROUP INC 0.1%

Value ($000) $611 Shares 136,455 Est. Cost $10.34 Unrealized -54.9%

EXEEL EXPAND ENERGY CORPORATION 0.0%

Value ($000) $232 Shares 2,398 Est. Cost $85.36 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LQD	ISHARES TR	2,000,000	$222,940	27.3%	—	—	Put	464287242
GLD	SPDR GOLD TR	450,000	$159,962	19.6%	—	—	Call	78463V107
TLT	ISHARES TR	1,725,000	$154,163	18.9%	—	—	Put	464287432
IWM	ISHARES TR	400,000	$96,784	11.9%	—	—	Put	464287655
—	JAZZ INVESTMENTS I LTD	34,965,000	$41,625	5.1%	$1.19	—	NOTE 3.125% 9/1	472145AH4
NBR	NABORS INDUSTRIES LTD	740,975	$30,232	3.7%	$50.92	-30.1%	SHS	G6359F137
—	LANTHEUS HLDGS INC	19,010,000	$19,923	2.4%	$1.05	—	NOTE 2.625%12/1	516544AB9
LUMN	LUMEN TECHNOLOGIES INC	2,900,000	$17,748	2.2%	$3.88	+23.9%	COM	550241103
LNTH	LANTHEUS HLDGS INC	316,345	$16,225	2.0%	$73.95	-15.5%	COM	516544103
NCLH	NORWEGIAN CRUISE LINE HLDG L	347,600	$8,561	1.1%	$24.29	0.0%	SHS	G66721104
EXE	EXPAND ENERGY CORPORATION	78,386	$8,328	1.0%	$73.53	+34.8%	COM	165167735
ECVT	ECOVYST INC	817,255	$7,159	0.9%	$8.68	+1.5%	COM	27923Q109
DHC	DIVERSIFIED HEALTHCARE TR	1,600,000	$7,056	0.9%	$3.72	—	COM SH BEN INT	25525P107
—	LIBERTY MEDIA CORP DEL	79,114,000	$6,329	0.8%	$0.57	—	DEB 3.750% 2/1	530715AL5
FWRD	FORWARD AIR CORP	220,850	$5,663	0.7%	$17.76	+62.0%	COM	34986A104
—	JAZZ INVESTMENTS I LTD	5,000,000	$5,303	0.7%	$1.06	—	NOTE 2.000% 6/1	472145AF8
SVC	SERVICE PPTYS TR	1,075,000	$2,924	0.4%	$2.58	—	COM SH BEN INT	81761L102
GNW	GENWORTH FINL INC	160,000	$1,424	0.2%	$8.25	0.0%	COM SHS	37247D106
FOA	FINANCE OF AMERICA COMPAN	57,000	$1,279	0.2%	$17.81	+40.2%	CL A NEW	31738L206
—	LIBERTY MEDIA CORP DEL	8,624,000	$733	0.1%	$0.73	—	DEB 4.000%11/1	530715AG6
BBGI	BEASLEY BROADCAST GROUP INC	136,455	$611	0.1%	$10.34	-54.9%	CL A NEW	074014200
EXEEL	EXPAND ENERGY CORPORATION	2,398	$232	0.0%	$85.36	—	*W EXP 02/09/202	165167180