BRIGADE CAPITAL MANAGEMENT, LP

Registered adviser

CIK

1421306

Location

NEW YORK, NY

Portfolio Value

Small $467,501,412

Diversification

Highly concentrated

Reports for

SEI INVESTMENTS MANAGEMENT CORP NATIONAL MUTUAL FUNDS MANAGEMENT LTD

Filing Date

Global Rank

#3,868 / 8,807 ▲ 3949

Top Industry

Drug Manufacturers - Specialty & Generic 42.3%

3Y Alpha vs SPY

+13.2%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 144078

Roster of Oct 1, 2026

Regulatory AUM

$33,022,145,666

Main clients

Pooled investment vehicles (67% of AUM)

Private funds

64 funds · Securitized asset funds

$25,716,059,867 gross assets

Registered funds advised

1 series (0 index, 0 ETFs)

$698,445,404 net assets· N-CEN Sep 30, 2025

LEI

0OK00T8HAYS2LL2RVU43

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Medium turnover

87.8% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 4.2 quarters (4 to under 12)

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 against every 13F filer's combined book at 20% or less, 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 backtest

Portfolio Concentration

10 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

81.6%

+44.8 pts

Top 5

94.8%

+14.6 pts

Top 10

100.0%

0.0 pts

HHI

6,733

Highly concentrated+4,748

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	81.6%	$381,383,000	1
Healthcare	10.5%	$48,925,958	3
Energy	2.1%	$9,654,376	1
Utilities	1.7%	$8,121,856	1
Financial Services	1.7%	$7,718,699	1
Industrials	1.6%	$7,323,061	1
Communication Services	0.9%	$4,224,000	1
Consumer Cyclical	0.0%	$150,462	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
FOA	Finance of America Companies Inc.	+123,476	280,476	$7,718,699
EXE	EXPAND ENERGY Corp	+28,751	105,871	$9,654,376
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
LUMN	Lumen Technologies, Inc.	−1,300,000	550,000	$4,224,000
LNTH	Lantheus Holdings, Inc.	−35,000	328,745	$36,470,970
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
VST	Vistra Corp.	51,200	$8,121,856
LMRI	Lumexa Imaging Holdings, Inc.	665,900	$7,511,352
UAL	United Airlines Holdings, Inc.	53,850	$7,323,061
EMBC	Embecta Corp.	1,516,453	$4,943,636
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
ECVT	Ecovyst Inc.	817,255	$10,509,899
SPY	Spdr S&P 500 ETF Trust	15,000	$9,755,100
NOMD	Nomad Foods Ltd	875,000	$8,408,750
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

10 tracked positions · $467,501,412 total · filing declares 20 positions · $534,283,544 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAXJ	iShares MSCI All Country Asia ex Japan ETF PUT	Reduced	3,700,000	-3,255,000	$381,383,000	—	81.58%
LNTH	Lantheus Holdings, Inc. Healthcare	Reduced	328,745	-135,000	$36,470,970	+3.7%	7.80%
EXE	EXPAND ENERGY Corp Energy	Added	105,871	+28,751	$9,654,376	+14.0%	2.07%
VST	Vistra Corp. Utilities	NEW	51,200	NEW	$8,121,856	NEW	1.74%
FOA	Finance of America Companies Inc. Financial Services	Added	280,476	+123,476	$7,718,699	+196.2%	1.65%
LMRI	Lumexa Imaging Holdings, Inc. Healthcare	NEW	665,900	NEW	$7,511,352	NEW	1.61%
UAL	United Airlines Holdings, Inc. Industrials	NEW	53,850	NEW	$7,323,061	NEW	1.57%
EMBC	Embecta Corp. Healthcare	NEW	1,516,453	NEW	$4,943,636	NEW	1.06%
LUMN	Lumen Technologies, Inc. Communication Services	Reduced	550,000	-1,300,000	$4,224,000	−67.1%	0.90%
CNTY	Century Casinos Inc /Co/ Consumer Cyclical	Held	117,549	0	$150,462	−7.9%	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.