BRIGADE CAPITAL MANAGEMENT, LP 13F: Quarter-over-Quarter Portfolio Changes
BRIGADE CAPITAL MANAGEMENT, LP reported a disclosed portfolio value of approximately $152.9 million in its latest SEC Form 13F-HR filing for Q2 2026, up 7.9% quarter on quarter. Over the quarter, the fund initiated 7 new positions, bought more shares in 2 holdings, trimmed 2 holdings, and exited 6 positions.
BRIGADE CAPITAL MANAGEMENT, LP's top buy was a new stake in Lantheus Hldgs INC (SYN_516544AB9) , equal to 40.9% of the disclosed portfolio. Its top sell was Lantheus Hldgs INC (LNTH 2.625 12/15/27) . The fund exited the position completely after it had accounted for 41.1% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| LANTHEUS HLDGS INC | SYN_516544AB9 | 40.9% | Holders → |
| VISTRA CORP | VST | 5.3% | History → |
| LUMEXA IMAGING HOLDINGS INC | LMRI | 4.9% | History → |
| UNITED AIRLS HLDGS INC | UAL | 4.8% | History → |
| EMBECTA CORP | EMBC | 3.2% | History → |
| LIBERTY MEDIA CORP DEL | SYN_530715AL5 | 2.6% | Holders → |
| LIBERTY MEDIA CORP DEL | SYN_530715AG6 | 0.3% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| FINANCE OF AMERICA COMPAN | FOA | +3.2% | +78.6% | History → |
| EXPAND ENERGY CORPORATION | EXE | +0.3% | +37.3% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| LUMEN TECHNOLOGIES INC | LUMN | -6.3% | 70.3% | History → |
| LANTHEUS HLDGS INC | LNTH | 4.4% | 9.6% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| LANTHEUS HLDGS INC | LNTH 2.625 12/15/27 | 41.1% |
| ECOVYST INC | ECVT | 7.4% |
| STATE STR SPDR S&P 500 ETF T | SPY | 6.9% |
| NOMAD FOODS LTD | NOMD | 5.9% |
| LIBERTY MEDIA CORP DEL | LINTA 3.75 02/15/30 | 2.0% |
| LIBERTY MEDIA CORP DEL | LINTA 4 11/15/29 | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $0.1BPrior quarter
- $0.2BCurrent quarter
- +$0.0BNet delta
- +7.9%% 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 Q2 2026?
In Q2 2026, BRIGADE CAPITAL MANAGEMENT, LP initiated 7 new positions (LANTHEUS HLDGS INC (SYN_516544AB9), VISTRA CORP (VST), LUMEXA IMAGING HOLDINGS INC (LMRI), UNITED AIRLS HLDGS INC (UAL), EMBECTA CORP (EMBC), LIBERTY MEDIA CORP DEL (SYN_530715AL5), LIBERTY MEDIA CORP DEL (SYN_530715AG6)); bought more shares of FINANCE OF AMERICA COMPAN (FOA), EXPAND ENERGY CORPORATION (EXE).
What stocks did BRIGADE CAPITAL MANAGEMENT, LP sell in Q2 2026?
In Q2 2026, BRIGADE CAPITAL MANAGEMENT, LP fully sold 6 positions (LANTHEUS HLDGS INC (LNTH 2.625 12/15/27), ECOVYST INC (ECVT), STATE STR SPDR S&P 500 ETF T (SPY), NOMAD FOODS LTD (NOMD), LIBERTY MEDIA CORP DEL (LINTA 3.75 02/15/30), LIBERTY MEDIA CORP DEL (LINTA 4 11/15/29)); reduced holdings in LUMEN TECHNOLOGIES INC (LUMN), LANTHEUS HLDGS INC (LNTH).
Which positions did BRIGADE CAPITAL MANAGEMENT, LP initiate in Q2 2026?
BRIGADE CAPITAL MANAGEMENT, LP established 7 new positions in Q2 2026: LANTHEUS HLDGS INC (SYN_516544AB9, 40.9%), VISTRA CORP (VST, 5.3%), LUMEXA IMAGING HOLDINGS INC (LMRI, 4.9%), UNITED AIRLS HLDGS INC (UAL, 4.8%), EMBECTA CORP (EMBC, 3.2%), LIBERTY MEDIA CORP DEL (SYN_530715AL5, 2.6%), LIBERTY MEDIA CORP DEL (SYN_530715AG6, 0.3%).
Which existing positions saw the largest allocation increases for BRIGADE CAPITAL MANAGEMENT, LP in Q2 2026?
Of 2 existing positions with share-count increases in Q2 2026, the largest were: FINANCE OF AMERICA COMPAN (FOA, +3.2% weight, +78.6% shares), EXPAND ENERGY CORPORATION (EXE, +0.3% weight, +37.3% shares).
Which positions did BRIGADE CAPITAL MANAGEMENT, LP fully exit in Q2 2026?
BRIGADE CAPITAL MANAGEMENT, LP fully exited 6 positions in Q2 2026: LANTHEUS HLDGS INC (LNTH 2.625 12/15/27, last-reported weight 41.1%), ECOVYST INC (ECVT, last-reported weight 7.4%), STATE STR SPDR S&P 500 ETF T (SPY, last-reported weight 6.9%), NOMAD FOODS LTD (NOMD, last-reported weight 5.9%), LIBERTY MEDIA CORP DEL (LINTA 3.75 02/15/30, last-reported weight 2.0%), LIBERTY MEDIA CORP DEL (LINTA 4 11/15/29, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for BRIGADE CAPITAL MANAGEMENT, LP in Q2 2026?
Of 2 existing positions with share-count reductions in Q2 2026, the largest were: LUMEN TECHNOLOGIES INC (LUMN, -6.3% weight, -70.3% shares), LANTHEUS HLDGS INC (LNTH, 4.4% weight, -9.6% 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.