BRIGADE CAPITAL MANAGEMENT, LP 13F: Quarter-over-Quarter Portfolio Changes
BRIGADE CAPITAL MANAGEMENT, LP reported a disclosed portfolio value of approximately $141.7 million in its latest SEC Form 13F-HR filing for Q1 2026, down 19.8% quarter on quarter. Over the quarter, the fund initiated 2 new positions, bought more shares in 3 holdings, trimmed 1 holding, and exited 7 positions.
BRIGADE CAPITAL MANAGEMENT, LP's top buy was Lantheus Hldgs INC (LNTH) . The fund bought 185.1% more shares, lifting the position's portfolio weight by 14.7 percentage points. Its top sell was Nabors Industries LTD (NBR) . The fund exited the position completely after it had accounted for 20.8% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | SPY | 6.9% | History → |
| CENTURY CASINOS INC | CNTY | 0.1% | History → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| LANTHEUS HLDGS INC | LNTH | +14.7% | +185.1% | History → |
| FINANCE OF AMERICA COMPAN | FOA | +0.7% | +91.5% | History → |
| LANTHEUS HLDGS INC | LNTH 2.625 12/15/27 | +17.0% | +31.0% | — |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| EXPAND ENERGY CORPORATION | EXE | 1.1% | 0.2% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| NABORS INDUSTRIES LTD | NBR | 20.8% |
| JAZZ INVESTMENTS I LTD | JAZZ 3.125 09/15/30 | 14.3% |
| DIVERSIFIED HEALTHCARE TR | DHC | 4.4% |
| JAZZ INVESTMENTS I LTD | JAZZ 2 06/15/26 | 2.0% |
| SERVICE PPTYS TR | SVC | 1.1% |
| FORWARD AIR CORP | FWRD | 1.1% |
| EXPAND ENERGY CORPORATION | EXEEL | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $0.2BPrior quarter
- $0.1BCurrent quarter
- $-0.0BNet delta
- -19.8%% change
Methodology & FAQ
How BRIGADE CAPITAL MANAGEMENT, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for BRIGADE CAPITAL MANAGEMENT, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did BRIGADE CAPITAL MANAGEMENT, LP buy in Q1 2026?
In Q1 2026, BRIGADE CAPITAL MANAGEMENT, LP initiated 2 new positions (STATE STR SPDR S&P 500 ETF T (SPY), CENTURY CASINOS INC (CNTY)); bought more shares of LANTHEUS HLDGS INC (LNTH), FINANCE OF AMERICA COMPAN (FOA), LANTHEUS HLDGS INC (LNTH 2.625 12/15/27).
What stocks did BRIGADE CAPITAL MANAGEMENT, LP sell in Q1 2026?
In Q1 2026, BRIGADE CAPITAL MANAGEMENT, LP fully sold 7 positions (NABORS INDUSTRIES LTD (NBR), JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30), DIVERSIFIED HEALTHCARE TR (DHC), JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26), SERVICE PPTYS TR (SVC), FORWARD AIR CORP (FWRD), EXPAND ENERGY CORPORATION (EXEEL)); reduced holdings in EXPAND ENERGY CORPORATION (EXE).
Which positions did BRIGADE CAPITAL MANAGEMENT, LP initiate in Q1 2026?
BRIGADE CAPITAL MANAGEMENT, LP established 2 new positions in Q1 2026: STATE STR SPDR S&P 500 ETF T (SPY, 6.9%), CENTURY CASINOS INC (CNTY, 0.1%).
Which existing positions saw the largest allocation increases for BRIGADE CAPITAL MANAGEMENT, LP in Q1 2026?
Of 3 existing positions with share-count increases in Q1 2026, the largest were: LANTHEUS HLDGS INC (LNTH, +14.7% weight, +185.1% shares), FINANCE OF AMERICA COMPAN (FOA, +0.7% weight, +91.5% shares), LANTHEUS HLDGS INC (LNTH 2.625 12/15/27, +17.0% weight, +31.0% shares).
Which positions did BRIGADE CAPITAL MANAGEMENT, LP fully exit in Q1 2026?
BRIGADE CAPITAL MANAGEMENT, LP fully exited 7 positions in Q1 2026: NABORS INDUSTRIES LTD (NBR, last-reported weight 20.8%), JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30, last-reported weight 14.3%), DIVERSIFIED HEALTHCARE TR (DHC, last-reported weight 4.4%), JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26, last-reported weight 2.0%), SERVICE PPTYS TR (SVC, last-reported weight 1.1%), FORWARD AIR CORP (FWRD, last-reported weight 1.1%), EXPAND ENERGY CORPORATION (EXEEL, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for BRIGADE CAPITAL MANAGEMENT, LP in Q1 2026?
Of 1 existing position with share-count reductions in Q1 2026, the largest were: EXPAND ENERGY CORPORATION (EXE, 1.1% weight, -0.2% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.