Brigade Capital Management, L.P. 13F annual report
Brigade Capital Management, L.P. is an investment fund managing more than $74.9 billion ran by Donald Iii. There are currently 10 companies in Mr. Iii’s portfolio. The largest investments include Greenfire Res Ltd New and Ecovyst Inc, together worth $44.9 billion.
$74.9 billion Assets Under Management (AUM)
As of 7th August 2024, Brigade Capital Management, L.P.’s top holding is 5,271,215 shares of Greenfire Res Ltd New currently worth over $35.6 billion and making up 47.5% of the portfolio value.
In addition, the fund holds 1,042,000 shares of Ecovyst Inc worth $9.36 billion.
The third-largest holding is PENN Entertainment Inc worth $8.71 billion and the next is Melco Resorts And Entmnt Ltd worth $8.43 billion, with 1,130,000 shares owned.
Currently, Brigade Capital Management, L.P.'s portfolio is worth at least $74.9 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Brigade Capital Management, L.P.
The Brigade Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Donald Iii serves as the Managing Member of its General Partner at Brigade Capital Management, L.P..
Recent trades
In the most recent 13F filing, Brigade Capital Management, L.P. revealed that it had opened a new position in
PENN Entertainment Inc and bought 450,000 shares worth $8.71 billion.
This means they effectively own approximately 0.1% of the company.
PENN Entertainment Inc makes up
82.6%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 24.5% in the past year.
The investment fund also strengthened its position in Ecovyst Inc by buying
125,000 additional shares.
This makes their stake in Ecovyst Inc total 1,042,000 shares worth $9.36 billion.
On the other hand, there are companies that Brigade Capital Management, L.P. is getting rid of from its portfolio.
Brigade Capital Management, L.P. closed its position in PlayAGS Inc on 14th August 2024.
It sold the previously owned 1,515,361 shares for $13.6 billion.
Donald Iii also disclosed a decreased stake in Greenfire Res Ltd New by 0.1%.
This leaves the value of the investment at $35.6 billion and 5,271,215 shares.
One of the smallest hedge funds
The two most similar investment funds to Brigade Capital Management, L.P. are Shelter Ins Retirement Plan and Capitol Family Office. They manage $75 billion and $74.8 billion respectively.
Donald Iii investment strategy
Brigade Capital Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 14.1% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
approximately 0.1% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $4.5 billion.
The complete list of Brigade Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Greenfire Res Ltd New |
10.29%
5,271,215
|
$35,580,702,000 | 47.48% |
| PlayAGS Inc |
Closed
1,515,361
|
$13,607,942,000 | |
| Ecovyst Inc |
13.63%
1,042,000
|
$9,357,160,000 | 12.49% |
| PENN Entertainment Inc |
Opened
450,000
|
$8,709,750,000 | 11.62% |
| Melco Resorts And Entmnt Ltd |
No change
1,130,000
|
$8,429,800,000 | 11.25% |
| BondBloxx ETF Trust |
No change
128,000
|
$4,785,920,000 | 6.39% |
| Clear Channel Outdoor Hldgs |
Closed
2,850,000
|
$4,702,500,000 | |
| Lumen Technologies, Inc. |
No change
2,000,000
|
$2,200,000,000 | 2.94% |
| Vistra Corp |
49.18%
21,701
|
$1,866,720,000 | 2.49% |
| Qurate Retail Inc |
No change
2,917,578
|
$1,838,074,000 | 2.45% |
| Diebold Nixdorf Inc |
Closed
47,580
|
$1,638,655,000 | |
| Diversified Healthcare Tr |
100.00%
400,000
|
$1,220,000,000 | 1.63% |
| Commscope Hldg Co Inc |
No change
777,000
|
$955,710,000 | 1.28% |
| No transactions found | |||
| Showing first 500 out of 13 holdings | |||
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