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BRIGADE CAPITAL MANAGEMENT, LP

Q4 2025 · Filed 2026-02-13
Market Value
$101M
-5.6%
Holdings
13
+1
New Purchases
1
Added To
1
Closed
2
Reduced
6
Top 10 Concentration
99.9%
Turnover
23.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NOMD 10.86% 0.00% +10.86% $11M
NBR 36.41% 28.30% +8.11% $37M
ECVT 7.89% 6.70% +1.19% $8M
DHC 7.70% 6.60% +1.09% $8M
FOA 1.97% 1.20% +0.77% $2M
EXE 8.46% 7.80% +0.66% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NCLH 0.00% 8.01% -8.01% $0
LNTH 8.43% 15.19% -6.76% $8M
FWRD 1.92% 5.30% -3.38% $2M
LUMN 14.26% 16.61% -2.35% $14M
GNW 0.00% 1.33% -1.33% $0
SVC 1.96% 2.74% -0.77% $2M
EXEEL 0.15% 0.22% -0.07% $146K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $9M 8.6%
Mid Cap 5 $31M 30.4%
Small Cap 3 $56M 55.2%
Micro Cap 3 $6M 5.9%

Portfolio Analytics

Avg Market Cap
$6.3B
Median Market Cap
$2.1B
Avg P/E
10.2
Median P/E
8.3
Avg Dividend Yield
0.01%
Avg Beta
1.16
# Stocks
13
# ETFs / Funds
0

Top Holdings (13 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NBR 36.41% 675,879 $37M $54.30 $6M -65,096 -8.8%
2 LUMN 14.26% 1,850,000 $14M $7.77 -$3M -1,050,000 -36.2%
3 NOMD 10.86% 875,000 $11M $12.51 +875,000 NEW
4 EXE 8.46% 77,260 $9M $110.36 $199K -1,126 -1.4%
5 LNTH 8.43% 127,607 $8M $66.55 -$8M -188,738 -59.7%
6 ECVT 7.89% 817,255 $8M $9.73 $793K
7 DHC 7.70% 1,600,000 $8M $4.85 $704K
8 FOA 1.97% 82,000 $2M $24.21 $707K +25,000 +43.9%
9 SVC 1.96% 1,075,000 $2M $1.84 -$946K
10 FWRD 1.92% 77,357 $2M $25.00 -$4M -143,493 -65.0%
11 EXEEL 0.15% 1,468 $146K $99.67 -$86K -930 -38.8%
12 NCLH —% -$9M -347,600 -100.0% SOLD
13 GNW —% -$1M -160,000 -100.0% SOLD

Options Breakdown

1 Calls $79M Call Value 5 Puts $75M Put Value 0.95 P/C Ratio

Top Calls

SymbolSharesValueStatus
GLD 200,000 $79M

Top Puts

SymbolSharesValueStatus
SPY 45,200 $31M NEW
ORCL 140,000 $27M NEW
IWM 69,000 $17M
LQD $0 SOLD
TLT $0 SOLD

New Positions

SymbolValue% Port
NOMD $11M 10.86%

Sold Out Positions

SymbolValue% Port
NCLH —%
GNW —%
View SEC EDGAR Filings for BRIGADE CAPITAL MANAGEMENT, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms