BRIGADE CAPITAL MANAGEMENT, LP
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Aug 2026 to Oct 2026 | $33,022,145,666 | Pooled investment vehicles (67%) |
| May 2026 to Jul 2026 | $33,022,145,666 | Pooled investment vehicles (67%) |
| Apr 2026 | $33,022,145,666 | Pooled investment vehicles (67%) |
| Feb 2026 to Mar 2026 | $29,845,348,937 | Pooled investment vehicles (68%) |
| Dec 2025 to Jan 2026 | $29,845,348,937 | Pooled investment vehicles (68%) |
| Apr 2025 to Sep 2025 | $29,845,348,937 | Pooled investment vehicles (68%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.5%; sector active share 62.6% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
12 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 81.6% | $381,383,000 |
| Healthcare | 10.5% | $48,925,958 |
| Energy | 2.1% | $9,654,376 |
| Utilities | 1.7% | $8,121,856 |
| Financial Services | 1.7% | $7,718,699 |
| Industrials | 1.6% | $7,323,061 |
| Communication Services | 0.9% | $4,224,000 |
| Consumer Cyclical | 0.0% | $150,462 |
Last Quarter's Activity
Export CSVNew Positions
Positions the filer opened this quarter| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TLT |
iShares 20+ Year Treasury Bond ETF
PUT
|
Added | 3,000,000 | $259,260,000 | 55.46% | |
| IWM |
iShares Russell 2000 ETF
PUT
|
Reduced | 300,000 | $90,135,000 | 19.28% | |
| LNTH |
Lantheus Holdings, Inc.
Healthcare
|
Reduced | 328,745 | $36,470,970 | 7.80% | |
| HYG |
iShares iBoxx $ High Yield Corporate Bond ETF
PUT
|
Reduced | 400,000 | $31,988,000 | 6.84% | |
| EXE |
EXPAND ENERGY Corp
Energy
|
Added | 105,871 | $9,654,376 | 2.07% | |
| VST |
Vistra Corp.
Utilities
|
NEW | 51,200 | $8,121,856 | 1.74% | |
| FOA |
Finance of America Companies Inc.
Financial Services
|
Added | 280,476 | $7,718,699 | 1.65% | |
| LMRI |
Lumexa Imaging Holdings, Inc.
Healthcare
|
NEW | 665,900 | $7,511,352 | 1.61% | |
| UAL |
United Airlines Holdings, Inc.
Industrials
|
NEW | 53,850 | $7,323,061 | 1.57% | |
| EMBC |
Embecta Corp.
Healthcare
|
NEW | 1,516,453 | $4,943,636 | 1.06% | |
| LUMN |
Lumen Technologies, Inc.
Communication Services
|
Reduced | 550,000 | $4,224,000 | 0.90% | |
| CNTY |
Century Casinos Inc
Consumer Cyclical
|
Held | 117,549 | $150,462 | 0.03% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.