Arkolith/Funds/Brigade Capital Management, LP

Brigade Capital Management, LP

CIK 1421306Hedge fund
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

Brigade Capital Management, LP holds a concentrated book of 12 reported positions worth $152.9M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter they opened Vistra Corp and trimmed Lantheus Holdings Inc. Their largest long position is Lantheus Holdings Inc at 41% of the reported non-option book. They also disclosed $381.4M in put options (a bearish bet), shown separately below and excluded from the non-option book.

Opened
4
bought for the first time
+1 more · largest first
Added to
2
already held, bought more
Trimmed
4
sold some, still holds it
+1 more · largest first
  • Liberty Interactive LLC
Sold out
3
exited the position entirely

How much sits in the biggest positions

Top-heavy: concentrated book

Top 5 holdings
81%
Top 10 holdings
100%
Top 20 holdings
100%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

56% mapped to company sectors

No sector on file yet
44%
Health Care
32%
Energy
6%
Utilities
5%
Financials
5%
Industrials
5%
Communication Services
3%

+3 sectors below the cut, under 0.5% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Brigade Capital Management, LP

Manager / fundShared namesTheir $ in those
Cobalt Capital Management, Inc.3 / 12$28.1M
Sagefield Capital LP2 / 12$81.1M
Campbell Capital Management Inc2 / 12$16.6M
GMT Capital Corp2 / 12$115.5M
Lonestar Capital Management LLC3 / 12$15.2M
Resolute Capital Asset Partners LLC2 / 12$8.8M
Owl Creek Asset Management, L.P.2 / 12$42.5M
Cinctive Capital Management LP3 / 12$92.6M

Ranked by the share of each fund's own book sitting in the names it shares with Brigade Capital Management, LP: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

12 positions
#SecurityValueShares% PortLast moveHistory
1Lantheus Hldgs Inc
NOTE 2.625%12/1
$62.5M43.42M
40.9%
−11%
Reduced · −5.3M sh
2Lantheus Hldgs Inc
COM
$36.5M328.7K
23.9%
−9.6%
Reduced · −35K sh
3Expand Energy Corporation
COM
$9.6M105.9K
6.3%
+37%
Added · +29K sh
4Vistra Corp
COM
$8.1M51.2K
5.3%
New
New position
5Finance Of America Compan
CL A NEW
$7.7M280.5K
5.0%
+79%
Added · +123K sh
6Lumexa Imaging Holdings Inc
COM
$7.5M665.9K
4.9%
New
New position
7United Airls Hldgs Inc
COM
$7.3M53.9K
4.8%
New
New position
8Embecta Corp
COMMON STOCK
$4.9M1.52M
3.2%
New
New position
9Lumen Technologies Inc
COM
$4.2M550.0K
2.8%
−70%
Reduced · −1.3M sh
10Liberty Media Corp Del
DEB 3.750% 2/1
$3.9M73.11M
2.6%
−4.5%
Reduced · −3.4M sh
11Liberty Media Corp Del
DEB 4.000%11/1
$385K7.70M
0.3%
Held
12Century Casinos Inc
COM
$150K117.5K
0.1%
Held
Showing all 12 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$381.4M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishISHARES 20+ YEAR TREASURY BDTLT$259.3M3.0M
PUT · bearishISHARES RUSSELL 2000 ETFIWM$90.1M300K
PUT · bearishISHR IBX USD HIYLD CB ETF-UIHYG$32.0M400K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

$2.8B · Q4 2023Q3 2020 · $2.4BQ2 2026 · $534.3M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202645d20$534.3M13F-HR
Q1 2026Mar 31, 2026May 15, 202645d23$805.8M13F-HR
Q4 2025Dec 31, 2025Feb 13, 202644d29$331.1M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202545d33$815.2M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202545d24$435.8M13F-HR
Q1 2025Mar 31, 2025May 15, 202545d24$797.9M13F-HR
Q4 2024Dec 31, 2024Feb 14, 202545d20$330.9M13F-HR
Q3 2024Sep 30, 2024Nov 14, 202445d20$458.9M13F-HR
Q2 2024Jun 30, 2024Aug 14, 202445d22$437.7M13F-HR
Q1 2024Mar 31, 2024May 14, 202444d23$466.2M13F-HR
Q4 2023Dec 31, 2023Feb 14, 202445d38$2.8B13F-HR
Q3 2023Sep 30, 2023Nov 14, 202345d28$457.8M13F-HR
Q2 2023Jun 30, 2023Aug 14, 202345d23$221.1M13F-HR
Q1 2023Mar 31, 2023May 15, 202345d29$919.3M13F-HR
Q4 2022Dec 31, 2022Feb 14, 202345d28$355.7M13F-HR
Q3 2022Sep 30, 2022Nov 14, 202245d58$988.9M13F-HR
Q2 2022Jun 30, 2022Aug 15, 202246d55$891.6M13F-HR
Q1 2022Mar 31, 2022May 16, 202246d74$750.9M13F-HR
Q4 2021Dec 31, 2021Feb 14, 202245d90$874.4M13F-HR
Q3 2021Sep 30, 2021Nov 15, 202146d78$1.2B13F-HR
Q2 2021Jun 30, 2021Aug 16, 202147d91$1.7B13F-HR
Q1 2021Mar 31, 2021May 14, 202144d95$1.4B13F-HR
Q4 2020Dec 31, 2020Feb 16, 202147d86$1.7B13F-HR
Q3 2020Sep 30, 2020Nov 16, 202047d88$2.4B13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.