CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 13F: Quarter-over-Quarter Portfolio Changes
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. reported a disclosed portfolio value of approximately $306.1 million in its latest SEC Form 13F-HR filing for Q2 2026, down 14.2% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 3 holdings, trimmed 2 holdings, and exited 3 positions.
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.'s top buy was a new stake in Six Flags Entertainment CORP (FUN) , equal to 0.7% of the disclosed portfolio. Its top sell was Hsbc Hldgs PLC (HSBC) . The fund exited the position completely after it had accounted for 11.1% 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 |
|---|---|---|---|
| SIX FLAGS ENTERTAINMENT CORP | FUN | 0.7% | 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 |
|---|---|---|---|---|
| VIPER ENERGY INC | VNOM | +0.4% | +29.4% | History → |
| FUTU HLDGS LTD | FUTU | +0.3% | +28.5% | History → |
| CAESARS ENTERTAINMENT INC NE | CZR | +0.7% | +16.7% | 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 |
|---|---|---|---|---|
| CLEAR CHANNEL OUTDOOR HLDGS | CCO | -0.7% | 55.6% | Holders → |
| REPUBLIC AWYS HLDGS INC | RJET | 9.8% | 2.2% | 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 |
|---|---|---|
| HSBC HLDGS PLC | HSBC | 11.1% |
| ALIBABA GROUP HLDG LTD | BABA | 10.8% |
| CORE NATURAL RESOURCES INC | CNR | 0.9% |
Net Portfolio Value ChangeQ2 2026
- $0.4BPrior quarter
- $0.3BCurrent quarter
- $-0.1BNet delta
- -14.2%% change
Methodology & FAQ
How CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for CONTRARIAN CAPITAL MANAGEMENT, L.L.C.: 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 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. buy in Q2 2026?
In Q2 2026, CONTRARIAN CAPITAL MANAGEMENT, L.L.C. initiated 1 new position (SIX FLAGS ENTERTAINMENT CORP (FUN)); bought more shares of VIPER ENERGY INC (VNOM), FUTU HLDGS LTD (FUTU), CAESARS ENTERTAINMENT INC NE (CZR).
What stocks did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. sell in Q2 2026?
In Q2 2026, CONTRARIAN CAPITAL MANAGEMENT, L.L.C. fully sold 3 positions (HSBC HLDGS PLC (HSBC), ALIBABA GROUP HLDG LTD (BABA), CORE NATURAL RESOURCES INC (CNR)); reduced holdings in CLEAR CHANNEL OUTDOOR HLDGS (CCO), REPUBLIC AWYS HLDGS INC (RJET).
Which positions did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. initiate in Q2 2026?
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. established 1 new position in Q2 2026: SIX FLAGS ENTERTAINMENT CORP (FUN, 0.7%).
Which existing positions saw the largest allocation increases for CONTRARIAN CAPITAL MANAGEMENT, L.L.C. in Q2 2026?
Of 3 existing positions with share-count increases in Q2 2026, the largest were: VIPER ENERGY INC (VNOM, +0.4% weight, +29.4% shares), FUTU HLDGS LTD (FUTU, +0.3% weight, +28.5% shares), CAESARS ENTERTAINMENT INC NE (CZR, +0.7% weight, +16.7% shares).
Which positions did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. fully exit in Q2 2026?
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. fully exited 3 positions in Q2 2026: HSBC HLDGS PLC (HSBC, last-reported weight 11.1%), ALIBABA GROUP HLDG LTD (BABA, last-reported weight 10.8%), CORE NATURAL RESOURCES INC (CNR, last-reported weight 0.9%).
Which existing positions saw the largest allocation reductions for CONTRARIAN CAPITAL MANAGEMENT, L.L.C. in Q2 2026?
Of 2 existing positions with share-count reductions in Q2 2026, the largest were: CLEAR CHANNEL OUTDOOR HLDGS (CCO, -0.7% weight, -55.6% shares), REPUBLIC AWYS HLDGS INC (RJET, 9.8% weight, -2.2% 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.