Contrarian Capital Management, L.l.c. — Q4 2025 13F Holdings

Name: Contrarian Capital Management, L.l.c. — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001050417

Total reported value

$356.7M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	HSBC	Hsbc Holdings Plc-spons Adr	Stock-Financials	26.23%	-15.10%	—
2	RJET	Republic Airways Holdings In	Stock-Other	21.51%	-1.45%	—
3	GGB	Gerdau SA -spon Adr	Stock-Other	18.53%	+0.77%	—
4	TX	Ternium Sa-sponsored Adr	Stock-Other	9.98%	+1.19%	—
5	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	6.40%	+4.36%	+15.32%
6	AERO	Grupo Aeromexico Sab De Cv	Stock-Other	3.88%	-1.24%	—
7	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	3.52%	-0.33%	—
8	CCO	Clear Channel Outdoor Holdin	Stock-Other	1.37%	+0.19%	-6.74%
9	M	Macy's INC	Stock-Consumer Disc	1.16%	-0.15%	—
10	PCG	P G & E CORP	Stock-Utilities	0.85%	+0.14%	—
11	UNIT	Uniti Group INC	Stock-Other	0.82%	-0.82%	EXIT
12	CZR	Caesars Entertainment INC	Stock-Consumer Disc	0.77%	+0.43%	-14.09%
13	NCMI	National Cinemedia INC	Stock-Other	0.76%	-0.25%	—
14	CNR	Core Natural Resources INC	Stock-Energy	0.74%	+0.19%	-85.60%
15	WY	Weyerhaeuser Co	Stock-Real Estate	0.47%	+0.35%	—
16	AMBP	Ardagh Metal Packaging S.A.	Stock-Other	0.45%	+0.02%	+335.48%
17	NE	Noble Corporation plc	Stock-Energy	0.45%	+0.38%	—
18	VNOM	Viper Energy Inc-cl A	Stock-Energy	0.43%	+0.69%	+32.39%
19	VAL	Valaris Limited	Stock-Energy	0.42%	-0.42%	EXIT
20	CLF	Cleveland-cliffs INC	Stock-Materials	0.40%	-0.13%	—
21	CNTY	Century Casinos INC	Stock-Other	0.31%	+0.04%	—
22	ADV	Advantage Solutions Inc.	Stock-Other	0.23%	-0.23%	EXIT
23	WW	Ww International Inc-new	Stock-Other	0.22%	-0.11%	—
24	EEX	Emerald Holding INC	Stock-Other	0.11%	-0.11%	EXIT

Holding changes this quarter

Position changes disclosed by Contrarian Capital Management, L.l.c. for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GGB	Gerdau SA -spon Adr	+3.6%	—	Unchanged
2	HSBC	Hsbc Holdings Plc-spons Adr	+3.6%	—	Unchanged
3	TX	Ternium Sa-sponsored Adr	+1.3%	—	Unchanged
4	CCO	Clear Channel Outdoor Holdin	+0.4%	-6.74%	Trim
5	AMBP	Ardagh Metal Packaging S.A.	+0.4%	+335.48%	Add
6	M	Macy's INC	+0.3%	—	Unchanged
7	VNOM	Viper Energy Inc-cl A	+0.1%	+32.39%	Add
8	UNIT	Uniti Group INC	+0.1%	-2.42%	Trim
9	BIDU	Baidu INC - Spon Adr	+0.1%	—	Unchanged
10	PCG	P G & E CORP	+0.1%	—	Unchanged
11	CLF	Cleveland-cliffs INC	+0.1%	—	Unchanged
12	WW	Ww International Inc-new	0%	—	Unchanged
13	VAL	Valaris Limited	0%	—	Unchanged
14	NE	Noble Corporation plc	0%	—	Unchanged
15	BABA	Alibaba Group Holding-sp Adr	-0.1%	+15.32%	Add
16	NCMI	National Cinemedia INC	-0.1%	—	Unchanged
17	CZR	Caesars Entertainment INC	-0.2%	-14.09%	Trim
18	CNTY	Century Casinos INC	-0.3%	—	Unchanged
19	ADV	Advantage Solutions Inc.	-0.4%	-41.18%	Trim
20	EEX	Emerald Holding INC	-1%	-89.41%	Trim
21	CNR	Core Natural Resources INC	-3.9%	-85.60%	Trim
22	RJET	Republic Airways Holdings In	—	NEW	New buy
23	BUR	Burford Capital Limited	—	EXIT	Sold out
24	VALE	Vale Sa-sp Adr	—	EXIT	Sold out
25	AERO	Grupo Aeromexico Sab De Cv	—	NEW	New buy
26	LARCN 1.75 01-15-27	Lithium Argentina AG	—	EXIT	Sold out
27	ASTL	Algoma Steel Group INC	—	EXIT	Sold out
28	BV	Brightview Holdings INC	—	EXIT	Sold out
29	PBI	Pitney Bowes INC	—	EXIT	Sold out
30	WY	Weyerhaeuser Co	—	NEW	New buy
31	NATL	Ncr Atleos CORP	—	EXIT	Sold out
32	PRKS	United Parks & Resorts INC	—	EXIT	Sold out
33	VYX	Ncr Voyix CORP	—	EXIT	Sold out
34	UNFI	United Natural Foods INC	—	EXIT	Sold out
35	SKIL	Skillsoft CORP	—	EXIT	Sold out
36	MBC	Masterbrand INC	—	EXIT	Sold out
37	SABR	Sabre CORP	—	EXIT	Sold out
38	MAT	Mattel INC	—	EXIT	Sold out
39	HSIC	Henry Schein INC	—	EXIT	Sold out