Bracebridge Capital, LLC Hedge Fund

CIK: 0001426486 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $1,905,346 (99.8% shares, 0.2% debt)

Holdings (36)

— ISHARES TR 29.8%

Value ($000) $568,330 Shares 70,000 Est. Cost — Unrealized —

— INVESCO QQQ TR 16.3%

Value ($000) $310,691 Shares 5,175 Est. Cost — Unrealized —

— INVESCO QQQ TR 16.3%

Value ($000) $310,691 Shares 5,175 Est. Cost — Unrealized —

— ISHARES TR 13.1%

Value ($000) $249,582 Shares 10,315 Est. Cost — Unrealized —

— ISHARES TR 9.7%

Value ($000) $184,253 Shares 7,615 Est. Cost — Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 5.3%

Value ($000) $100,370 Shares 529,100 Est. Cost $189.70 Unrealized —

UNIT UNITI GROUP LLC 2.2%

Value ($000) $42,484 Shares 6,941,775 Est. Cost $7.16 Unrealized 0.0%

— SPDR S&P 500 ETF TR 2.2%

Value ($000) $41,969 Shares 630 Est. Cost — Unrealized —

ALVO ALVOTECH 1.2%

Value ($000) $22,156 Shares 2,705,304 Est. Cost $9.31 Unrealized -8.4%

ADT ADT INC DEL 1.0%

Value ($000) $18,517 Shares 2,126,000 Est. Cost $6.50 Unrealized +30.4%

OPTU ALTICE USA INC 0.7%

Value ($000) $13,802 Shares 5,727,065 Est. Cost $2.11 Unrealized +16.0%

AAM AA MISSION ACQUISITION CORP 0.3%

Value ($000) $6,312 Shares 600,000 Est. Cost $9.99 Unrealized +4.8%

GENVR GEN DIGITAL INC 0.3%

Value ($000) $6,180 Shares 836,258 Est. Cost $7.55 Unrealized —

OSG AMBAC FINL GROUP INC 0.3%

Value ($000) $4,831 Shares 579,234 Est. Cost $16.92 Unrealized -50.1%

— LIBERTY MEDIA CORP DEL 0.2%

Value ($000) $4,686 Shares 47,700,000 Est. Cost $0.69 Unrealized —

BXMT BLACKSTONE MTG TR INC 0.2%

Value ($000) $3,989 Shares 216,700 Est. Cost $19.35 Unrealized —

IWM ISHARES TR 0.2%

Value ($000) $3,891 Shares 16,080 Est. Cost $215.79 Unrealized —

MAGN MAGNERA CORP 0.2%

Value ($000) $3,714 Shares 316,854 Est. Cost $12.42 Unrealized 0.0%

ASTL ALGOMA STL GROUP INC 0.2%

Value ($000) $3,288 Shares 924,931 Est. Cost $8.06 Unrealized -34.1%

AQST AQUESTIVE THERAPEUTICS INC 0.1%

Value ($000) $2,567 Shares 459,216 Est. Cost $5.16 Unrealized -16.3%

TRTX TPG RE FIN TR INC 0.1%

Value ($000) $1,559 Shares 182,157 Est. Cost $7.99 Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.1%

Value ($000) $1,195 Shares 756,426 Est. Cost $2.53 Unrealized -50.8%

— AA MISSION ACQUISITION CORP 0.0%

Value ($000) $48 Shares 300,000 Est. Cost $0.06 Unrealized —

TGE/WS GENERATION ESSENTIALS GROUP 0.0%

Value ($000) $43 Shares 325,000 Est. Cost $0.40 Unrealized —

AIRJW AIRJOULE TECHNOLOGIES CORP 0.0%

Value ($000) $38 Shares 50,000 Est. Cost $0.55 Unrealized —

BGLWW BLUE GOLD LTD 0.0%

Value ($000) $34 Shares 75,000 Est. Cost $0.46 Unrealized —

— SPRING VALLEY ACQUISTN CORP 0.0%

Value ($000) $33 Shares 25,000 Est. Cost $0.12 Unrealized —

CRMLW CRITICAL METALS CORP 0.0%

Value ($000) $26 Shares 12,500 Est. Cost $0.15 Unrealized —

SVIRF SPRING VALLEY ACQUISTN CORP 0.0%

Value ($000) $26 Shares 50,000 Est. Cost $0.14 Unrealized —

GCTS/WS GCT SEMICONDUCTOR HLDG INC 0.0%

Value ($000) $14 Shares 75,000 Est. Cost — Unrealized —

COCHW ENVOY MEDICAL INC 0.0%

Value ($000) $10 Shares 262,156 Est. Cost $0.02 Unrealized —

DAICW CID HOLDCO INC 0.0%

Value ($000) $10 Shares 62,500 Est. Cost $0.08 Unrealized —

CRPWF CARBON REVOLUTION LTD 0.0%

Value ($000) $3 Shares 141,666 Est. Cost $0.05 Unrealized —

BNAIW BRAND ENGAGEMENT NETWORK INC 0.0%

Value ($000) $3 Shares 166,666 Est. Cost $0.12 Unrealized —

TVGNW TEVOGEN BIO HLDGS INC 0.0%

Value ($000) $1 Shares 12,500 Est. Cost $0.08 Unrealized —

ALUR/WS ALLURION TECHNOLOGIES INC 0.0%

Value ($000) $0 Shares 15,311 Est. Cost $0.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR	70,000	$568,330	29.8%	—	—	Put	464288953
—	INVESCO QQQ TR	5,175	$310,691	16.3%	—	—	Put	46090E953
—	INVESCO QQQ TR	5,175	$310,691	16.3%	—	—	Call	46090E903
—	ISHARES TR	10,315	$249,582	13.1%	—	—	Call	464287905
—	ISHARES TR	7,615	$184,253	9.7%	—	—	Put	464287955
RSP	INVESCO EXCHANGE TRADED FD T	529,100	$100,370	5.3%	$189.70	—	S&P500 EQL WGT	46137V357
UNIT	UNITI GROUP LLC	6,941,775	$42,484	2.2%	$7.16	0.0%	COM SHS	912932100
—	SPDR S&P 500 ETF TR	630	$41,969	2.2%	—	—	Call	78462F903
ALVO	ALVOTECH	2,705,304	$22,156	1.2%	$9.31	-8.4%	ORDINARY SHARES	L01800108
ADT	ADT INC DEL	2,126,000	$18,517	1.0%	$6.50	+30.4%	COM	00090Q103
OPTU	ALTICE USA INC	5,727,065	$13,802	0.7%	$2.11	+16.0%	CL A	02156K103
AAM	AA MISSION ACQUISITION CORP	600,000	$6,312	0.3%	$9.99	+4.8%	ORD SHS CL A	G1000R101
GENVR	GEN DIGITAL INC	836,258	$6,180	0.3%	$7.55	—	RIGHT 99/99/9999	668771116
OSG	AMBAC FINL GROUP INC	579,234	$4,831	0.3%	$16.92	-50.1%	COM NEW	023139884
—	LIBERTY MEDIA CORP DEL	47,700,000	$4,686	0.2%	$0.69	—	DEB	530715AG6
BXMT	BLACKSTONE MTG TR INC	216,700	$3,989	0.2%	$19.35	—	COM CL A	09257W100
IWM	ISHARES TR	16,080	$3,891	0.2%	$215.79	—	RUSSELL 2000 ETF	464287655
MAGN	MAGNERA CORP	316,854	$3,714	0.2%	$12.42	0.0%	COM SHS	55939A107
ASTL	ALGOMA STL GROUP INC	924,931	$3,288	0.2%	$8.06	-34.1%	COM	015658107
AQST	AQUESTIVE THERAPEUTICS INC	459,216	$2,567	0.1%	$5.16	-16.3%	COM	03843E104
TRTX	TPG RE FIN TR INC	182,157	$1,559	0.1%	$7.99	—	COM	87266M107
CCO	CLEAR CHANNEL OUTDOOR HLDGS	756,426	$1,195	0.1%	$2.53	-50.8%	COM	18453H106
—	AA MISSION ACQUISITION CORP	300,000	$48	0.0%	$0.06	—	W EXP 08/01/203	G1000R127
TGE/WS	GENERATION ESSENTIALS GROUP	325,000	$43	0.0%	$0.40	—	W EXP 02/15/202	G38268119
AIRJW	AIRJOULE TECHNOLOGIES CORP	50,000	$38	0.0%	$0.55	—	W EXP 03/15/202	612160119
BGLWW	BLUE GOLD LTD	75,000	$34	0.0%	$0.46	—	W EXP 04/01/203	G1331C112
—	SPRING VALLEY ACQUISTN CORP	25,000	$33	0.0%	$0.12	—	W EXP 02/25/202	G83752116
CRMLW	CRITICAL METALS CORP	12,500	$26	0.0%	$0.15	—	W EXP 02/27/202	G2662B111
SVIRF	SPRING VALLEY ACQUISTN CORP	50,000	$26	0.0%	$0.14	—	RIGHT 02/25/2026	G83752132
GCTS/WS	GCT SEMICONDUCTOR HLDG INC	75,000	$14	0.0%	—	—	W EXP 03/01/202	36170N115
COCHW	ENVOY MEDICAL INC	262,156	$10	0.0%	$0.02	—	W EXP 09/29/202	29415V117
DAICW	CID HOLDCO INC	62,500	$10	0.0%	$0.08	—	W EXP 12/31/202	171756117
CRPWF	CARBON REVOLUTION LTD	141,666	$3	0.0%	$0.05	—	W EXP 99/99/999	G1893D110
BNAIW	BRAND ENGAGEMENT NETWORK INC	166,666	$3	0.0%	$0.12	—	W EXP 03/14/202	104932116
TVGNW	TEVOGEN BIO HLDGS INC	12,500	$1	0.0%	$0.08	—	W EXP 02/14/202	88165K119
ALUR/WS	ALLURION TECHNOLOGIES INC	15,311	$0	0.0%	$0.91	—	W EXP 08/01/203	02008G110