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 $356.7 million in its latest SEC Form 13F-HR filing for Q1 2026, down 6.1% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 4 holdings, trimmed 2 holdings, and exited 4 positions.
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.'s top buy was a new stake in Futu Hldgs LTD (FUTU) , equal to 11.6% of the disclosed portfolio. Its top sell was Hsbc Hldgs PLC (HSBC) . The fund sold 62.0% of its previously reported shares, reducing the position's portfolio weight by 15.1 percentage points.
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 |
|---|---|---|---|
| FUTU HLDGS LTD | FUTU | 11.6% | 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 |
|---|---|---|---|---|
| VIPER ENERGY INC | VNOM | +0.7% | +99.9% | Holders → |
| ALIBABA GRP-ADR | BABA | +4.4% | +84.5% | History → |
| WEYERHAEUSER CO | WY | +0.3% | +57.9% | Holders → |
| CAESARS ENTERTAINMENT INC NE | CZR | +0.4% | +29.7% | History → |
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 |
|---|---|---|---|---|
| HSBC HLDGS PLC | HSBC | -15.1% | 62.0% | History → |
| NATIONAL CINEMEDIA INC | NCMI | -0.2% | 19.4% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| UNITI GROUP LLC | UNIT | 0.8% |
| VALARIS LTD | VAL | 0.4% |
| ADVANTAGE SOLUTIONS INC | SYN_00791N102 | 0.2% |
| EMERALD HOLDING INC | EEX | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $0.4BPrior quarter
- $0.4BCurrent quarter
- $-0.0BNet delta
- -6.1%% 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 Q1 2026?
In Q1 2026, CONTRARIAN CAPITAL MANAGEMENT, L.L.C. initiated 1 new position (FUTU HLDGS LTD (FUTU)); bought more shares of VIPER ENERGY INC (VNOM), ALIBABA GRP-ADR (BABA), WEYERHAEUSER CO (WY), CAESARS ENTERTAINMENT INC NE (CZR).
What stocks did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. sell in Q1 2026?
In Q1 2026, CONTRARIAN CAPITAL MANAGEMENT, L.L.C. fully sold 4 positions (UNITI GROUP LLC (UNIT), VALARIS LTD (VAL), ADVANTAGE SOLUTIONS INC (SYN_00791N102), EMERALD HOLDING INC (EEX)); reduced holdings in HSBC HLDGS PLC (HSBC), NATIONAL CINEMEDIA INC (NCMI).
Which positions did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. initiate in Q1 2026?
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. established 1 new position in Q1 2026: FUTU HLDGS LTD (FUTU, 11.6%).
Which existing positions saw the largest allocation increases for CONTRARIAN CAPITAL MANAGEMENT, L.L.C. in Q1 2026?
Of 4 existing positions with share-count increases in Q1 2026, the largest were: VIPER ENERGY INC (VNOM, +0.7% weight, +99.9% shares), ALIBABA GRP-ADR (BABA, +4.4% weight, +84.5% shares), WEYERHAEUSER CO (WY, +0.3% weight, +57.9% shares), CAESARS ENTERTAINMENT INC NE (CZR, +0.4% weight, +29.7% shares).
Which positions did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. fully exit in Q1 2026?
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. fully exited 4 positions in Q1 2026: UNITI GROUP LLC (UNIT, last-reported weight 0.8%), VALARIS LTD (VAL, last-reported weight 0.4%), ADVANTAGE SOLUTIONS INC (SYN_00791N102, last-reported weight 0.2%), EMERALD HOLDING INC (EEX, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for CONTRARIAN CAPITAL MANAGEMENT, L.L.C. in Q1 2026?
Of 2 existing positions with share-count reductions in Q1 2026, the largest were: HSBC HLDGS PLC (HSBC, -15.1% weight, -62.0% shares), NATIONAL CINEMEDIA INC (NCMI, -0.2% weight, -19.4% 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.