BRIGADE CAPITAL MANAGEMENT, LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
20
Total value ($000)
$331,064
Net value change ($000)
-484,140 (-59.4%)
New positions
1
Sold out positions
3
Turnover %
21.4%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NOMD 10,946 NEW
NBR 6,468 21.4%
ECVT 793 11.1%
FOA 706 55.2%
DHC 704 10.0%
EXE 198 2.4%
Top Reduces (Value $000, Stocks/ETFs)
NCLH -8,561 -100.0%
LNTH -7,733 -47.7%
FWRD -3,729 -65.8%
LUMN -3,373 -19.0%
GNW -1,424 -100.0%
SVC -946 -32.4%
BBGI -611 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 154,357 (46.6% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type