Stocks/Funds/CIK 1421306

BRIGADE CAPITAL MANAGEMENT, LP

microcap filerlong-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1421306
Assets
$80M
+35.5% YoY
Holdings
8
Lifetime alpha vs market
-5.40% annual
Average hold time
1.6 yr
median 1.5 yr

Quarterly history

Cum return +36% vs S&P +73% · α -36% lifetimeAUM $80M · peak $800MFlow $-47M (-46%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+3.29%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.85%
baseline attrition
Rally response
-7.62%
trims into rallies
when a holding rises +10%+

Top positions · 8

Ticker$ value% portYoYHold time
LNTHLantheus Holdings, Inc.$28M34.4%-22.3%1.8 yr
LUMNLumen Technologies, Inc.$13M16.0%+77.3%1.5 yr
ECVTEcovyst Inc.$11M13.1%+107.4%3.3 yr
SPYState Street SPDR S&P 50$10M12.1%+17.6%0.5 yr
EXEExpand Energy Corporatio$8M10.5%+1.7%3.8 yr
NOMDNomad Foods Limited$8M10.5%-48.7%0.5 yr
FOAFinance Of America Compa$3M3.2%-21.9%1.5 yr
CNTYCentury Casinos, Inc.$0M0.2%-17.8%0.3 yr

Portfolio composition (YoY)

Industry mix
Drug Manufacturers - Specialty & Generic34.4%$28M
Telecommunications Services16.0%$13M
Chemicals - Specialty13.1%+6.1pp$11M
Asset Management12.1%$10M
Oil & Gas Exploration & Production10.5%-4.2pp$8M
Packaged Foods10.5%$8M
Financial - Credit Services3.2%+1.2pp$3M
Gambling, Resorts & Casinos0.2%$0M
Country
US89.5%+59.8pp
GB10.5%
Top 5: 86.1% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
ECVT$4M+0.00B107.4%
EXE$9M+0.00B1.7%
FOA$1M-0.00B-21.9%

Losers

TickerPrev $PnLYoY %
FOA$1M-0.00B-21.9%

Top buys this quarter · 3

LNTH Lantheus Holdings, Inc.+$18M
FOA Finance Of America Companies I+$1M
CNTY Century Casinos, Inc.new+$0M

Top sells this quarter · 7

NBR Nabors Industries Ltd.exit$58M
SPY State Street SPDR S&P 500 ETF $18M
DHC Diversified Healthcare Trustexit$11M
SVC Service Properties Trustexit$1M
FWRD Forward Air Corporationexit$1M
EXE Expand Energy Corporation$0M
EXEEL Expand Energy Corporationexit$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$80M8+64.51%+17.59%+46.92%-0.05B
2025-12-31$101M11+9.79%+17.72%-7.93%-0.03B
2025-09-30$107M13-5.71%+17.52%-23.22%+0.02B
2025-06-30$79M11-11.93%+14.94%-26.87%+0.02B
2025-03-31$59M9-13.86%+8.30%-22.17%+0.04B
2024-12-31$27M8+1.42%+24.89%-23.46%-0.12B
2024-09-30$141M11+4.67%+36.04%-31.36%+0.06B
2024-06-30$75M10-4.89%+24.49%-29.38%-0.01B
2024-03-31$90M12+7.35%+29.62%-22.27%+0.00B
2023-12-31$86M13+6.91%+26.18%-19.27%+0.02B
2023-09-30$61M10+19.62%+21.57%-1.95%+0.01B
2023-06-30$51M10+24.29%+19.42%+4.86%-0.01B
2023-03-31$61M14-15.98%-7.82%-8.16%-0.05B
2022-12-31$114M15+16.77%+7.56%+9.21%-0.07B
2022-09-30$156M21+3.08%-4.93%+8.01%-0.05B
2022-06-30$199M15-29.27%-16.11%-13.16%+0.05B