BRIGADE CAPITAL MANAGEMENT, LP
Long book
$80.3M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+17.5%
SPY +14.8%
Turnover
54%
of book per quarter
Strategy in plain words
auto-generated from filingsBRIGADE CAPITAL MANAGEMENT, LP is a concentrated fundamental stock-picker, running a $80.3M US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: LANTHEUS HOLDINGS INC, LUMEN TECHNOLOGIES INC, ECOVYST INC, SS SPDR S&P 500 ETF TRUST-US, EXPAND ENERGY CORP.
Over the last 9 quarters its long book ran on average 3.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+26.0%
Q3 2024
-2.7%
Q4 2024
-11.5%
Q1 2025
-16.0%
Q2 2025
+16.8%
Q3 2025
+18.3%
Q4 2025
+22.2%
Q1 2026
+17.5%
Sector allocation
Materials 54%
Communications 18%
Energy 12%
Consumer staples 12%
Financials 4%
Services media 0%
Long book by quarter
What does BRIGADE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LNTH LANTHEUS HOLDINGS INC | Materials | 363.7K | $27.6M | 34.4% | +185.1% |
| LUMN LUMEN TECHNOLOGIES INC | Communications | 1.9M | $12.8M | 16.0% | Held |
| ECVT ECOVYST INC | Materials | 817.3K | $10.5M | 13.1% | Held |
| EXE EXPAND ENERGY CORP | Energy | 77.1K | $8.5M | 10.5% | -0.2% |
| NOMD NOMAD FOODS LTD | Consumer staples | 875.0K | $8.4M | 10.5% | Held |
| FOA FINANCE OF AMERICA COS INC-A | Financials | 157.0K | $2.6M | 3.2% | +91.5% |
| CNTY CENTURY CASINOS INC | Services media | 117.5K | $163K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 23 | $805.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 29 | $331.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 33 | $815.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 24 | $435.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 24 | $797.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 20 | $330.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 20 | $458.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 22 | $437.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 23 | $466.2M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP