Bracebridge Capital, LLC

Q4 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
38
Total value ($000)
$3,116,653
Net value change ($000)
+1,211,307 (63.6%)
New positions
2
Sold out positions
3
Turnover %
99.1%
Sector allocation + QoQ delta (equities-only)
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)
GLD 158,009 NEW
UNIT 6,178 14.5%
PDD 1,021 NEW
BXMT 635 15.9%
ASTL 504 15.3%
CCO 477 39.9%
AQST 400 15.6%
AA Mission Acquisition Corp. 90 1.4%
TRTX 9 0.6%
Top Reduces (Value $000, Stocks/ETFs)
RSP -100,370 -100.0%
OPTU -8,636 -62.6%
ALVO -8,278 -37.4%
IWM -3,891 -100.0%
MAGN -3,714 -100.0%
ADT -1,360 -7.3%
OSG -325 -6.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,841,491 (91.2% 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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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type