Brigade Capital Management, LP — Q4 2020 13F Holdings

Name: Brigade Capital Management, LP — 13F Holdings, Q4 2020
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001421306

Total reported value

$805.8M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	35.31%	+35.54%	NEW
2	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	15.96%	+13.53%	NEW
3	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	10.59%	-8.10%	-76.82%
4	LINTA 3.75 02-15-30	Liberty Interactive LLC	Stock-Other	5.20%	-0.91%	-16.22%
5	GLD	Spdr Gold Shares	ETF-Commodities	3.71%	-23.94%	EXIT
6	SLV	Ishares Silver Trust	ETF-Commodities	2.98%	—	—
7	PCG	P G & E CORP	Stock-Utilities	2.81%	—	+1.17%
8	LINTA 4 11-15-29	Liberty Interactive LLC	Stock-Other	1.83%	-0.09%	—
9	IHRT	Iheartmedia INC - Class A	Stock-Other	1.80%	—	-15.93%
10	MX 5 03-01-21	Magnachip Semiconductor	Stock-Other	1.77%	—	-14.94%
11	ACR 4.5 08-15-22	Acres Commercial Realty	Stock-Other	1.70%	—	—
12	LILAK 2 07-15-24	Liberty Latin America	Stock-Other	1.61%	—	—
13	CCO	Clear Channel Outdoor Holdin	Stock-Other	1.59%	—	-9.87%
14	ARI 5.375 10-15-23	Apollo Cmmrl Real Est Fi	Stock-Other	1.26%	—	-21.93%
15	VST	Vistra CORP	Stock-Utilities	0.99%	—	-0.06%
16	FOE	Ferro CORP	Stock-Other	0.91%	—	-37.82%
17	CMLSQ	Cumulus Media Inc-cl A	Stock-Other	0.89%	—	-9.21%
18	CSTM	Constellium SE	Stock-Other	0.82%	—	-23.93%
19	TPB	Turning Point Brands INC	Stock-Other	0.75%	—	-9.85%
20	PEB 1.75 12-15-26	Pebblebrook Hotel Trust	Stock-Other	0.74%	—	—
21	MX	Magnachip Semiconductor CORP	Stock-Other	0.68%	—	-57.83%
22	ARI 4.75 08-23-22	Apollo Cmmrl Real Est Fi	Stock-Other	0.65%	—	-61.17%
23	VISN	Vistance Networks INC	Stock-Tech	0.61%	—	-14.07%
24	ADNT	Adient plc	Stock-Other	0.56%	—	-55.88%
25	FE	Firstenergy CORP	Stock-Utilities	0.51%	—	+258.64%
26	HMHCUSD	Houghton Mifflin Harcourt Co	Stock-Other	0.36%	—	+336.28%
27	CLPR	Clipper Realty INC	Stock-Other	0.36%	—	-18.41%
28	DBDEUR	Diebold Nixdorf INC	Stock-Other	0.35%	—	-29.10%
29	LNG	Cheniere Energy INC	Stock-Energy	0.31%	—	+25.32%
30	2362120D	Sinclair Broadcast Group LLC	Stock-Other	0.25%	—	—
31	RRR	Red Rock Resorts Inc-class A	Stock-Other	0.20%	—	—
32	EIX	Edison International	Stock-Utilities	0.20%	—	—
33	BYD	Boyd Gaming CORP	Stock-Consumer Disc	0.20%	—	—
34	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.19%	—	+620.80%
35	NRG	Nrg Energy INC	Stock-Utilities	0.17%	—	—
36	HWM	Howmet Aerospace INC	Stock-Industrials	0.14%	—	—
37	GPMT 6.375 10-01-23	Granite Point Mtge Trst	Stock-Other	0.13%	—	—
38	STWD 4.375 04-01-23	Starwood Property Trust	Stock-Real Estate	0.10%	—	—
39	CNX	Cnx Resources CORP	Stock-Energy	0.08%	—	—
40	NCSUSD	Cornerstone Building Brands	Stock-Other	0.07%	—	—
41	NCLH	Norwegian Cruise Line Holdings Ltd.	Stock-Consumer Disc	0.07%	—	—
42	✓	Nesco Holdings INC	Stock-Other	0.07%	—	-44.13%
43	CLNCGBP	Brightspire Capital INC	Stock-Other	0.07%	—	—
44	AGS	Playags INC	Stock-Other	0.06%	—	-25.00%
45	DHT	DHT Holdings, Inc.	Stock-Other	0.06%	—	—
46	FRTAEUR	Forterra INC	Stock-Other	0.05%	—	-93.44%
47	SGOL	Abrdn Physical Gold Shares	ETF-Commodities	0.05%	—	—
48	✓	Trecora Resources	Stock-Other	0.04%	—	-14.49%
49	NMIH	Nmi Holdings INC	Stock-Financials	0.04%	—	—
50	✓	Irsa Propiedades Comerciales	Stock-Other	0.04%	—	+0.94%

1–50 of 56

Holding changes this quarter

Position changes disclosed by Brigade Capital Management, LP for the quarter ending Q4 2020, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	+9.6%	-6.67%	Trim
2	PCG	P G & E CORP	+1.3%	+1.17%	Add
3	SLV	Ishares Silver Trust	+1.1%	—	Unchanged
4	GLD	Spdr Gold Shares	+1.1%	—	Unchanged
5	LINTA 3.75 02-15-30	Liberty Interactive LLC	+1%	-16.22%	Trim
6	IHRT	Iheartmedia INC - Class A	+0.9%	-15.93%	Trim
7	CCO	Clear Channel Outdoor Holdin	+0.8%	-9.87%	Trim
8	LILAK 2 07-15-24	Liberty Latin America	+0.6%	—	Unchanged
9	ACR 4.5 08-15-22	Acres Commercial Realty	+0.5%	—	Unchanged
10	CMLSQ	Cumulus Media Inc-cl A	+0.5%	-9.21%	Trim
11	FE	Firstenergy CORP	+0.4%	+258.64%	Add
12	CSTM	Constellium SE	+0.4%	-23.93%	Trim
13	TPB	Turning Point Brands INC	+0.4%	-9.85%	Trim
14	HMHCUSD	Houghton Mifflin Harcourt Co	+0.3%	+336.28%	Add
15	VST	Vistra CORP	+0.3%	-0.06%	Trim
16	VISN	Vistance Networks INC	+0.3%	-14.07%	Trim
17	MX 5 03-01-21	Magnachip Semiconductor	+0.3%	-14.94%	Trim
18	LNG	Cheniere Energy INC	+0.2%	+25.32%	Add
19	ARI 5.375 10-15-23	Apollo Cmmrl Real Est Fi	+0.2%	-21.93%	Trim
20	GDX	Vaneck Gold Miners ETF	+0.2%	+620.80%	Add
21	ADNT	Adient plc	+0.1%	-55.88%	Trim
22	RRR	Red Rock Resorts Inc-class A	+0.1%	—	Unchanged
23	BYD	Boyd Gaming CORP	+0.1%	—	Unchanged
24	EIX	Edison International	+0.1%	—	Unchanged
25	CLPR	Clipper Realty INC	+0.1%	-18.41%	Trim
26	HWM	Howmet Aerospace INC	+0.1%	—	Unchanged
27	FOE	Ferro CORP	0%	-37.82%	Trim
28	NCLH	Norwegian Cruise Line Holdings Ltd.	0%	—	Unchanged
29	CLNCGBP	Brightspire Capital INC	0%	—	Unchanged
30	AGS	Playags INC	0%	-25.00%	Trim
31	CNX	Cnx Resources CORP	0%	—	Unchanged
32	NCSUSD	Cornerstone Building Brands	0%	—	Unchanged
33	IRSUSD	Irsa -sp Adr	0%	—	Unchanged
34	NMIH	Nmi Holdings INC	0%	—	Unchanged
35	SD	Sandridge Energy INC	0%	-0.00%	Trim
36	AMPY	Amplify Energy CORP	0%	-80.88%	Trim
37	FRTAEUR	Forterra INC	-0.4%	-93.44%	Trim
38	MX	Magnachip Semiconductor CORP	-0.5%	-57.83%	Trim
39	ARI 4.75 08-23-22	Apollo Cmmrl Real Est Fi	-0.5%	-61.17%	Trim
40	SPY	Ss Spdr S&p 500 ETF Trust-us	-18.4%	-76.82%	Trim
41	IWM	Ishares Russell 2000 ETF	—	EXIT	Sold out
42	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	—	NEW	New buy
43	LINTA 4 11-15-29	Liberty Interactive LLC	—	NEW	New buy
44	OMF	Onemain Holdings INC	—	EXIT	Sold out
45	PEB 1.75 12-15-26	Pebblebrook Hotel Trust	—	NEW	New buy
46	TRTX	Tpg Re Finance Trust INC	—	EXIT	Sold out
47	2362120D	Sinclair Broadcast Group LLC	—	NEW	New buy
48	NRG	Nrg Energy INC	—	NEW	New buy
49	GSL	Global Ship Lease, Inc.	—	EXIT	Sold out
50	CRC	California Resources CORP	—	NEW	New buy