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Bracebridge Capital, LLC

High-turnover traderSector-focusedMomentum follower

Total reported value

$3.7B

Reporting period: 2026-03-31 · Number of holdings: 44

Bracebridge Capital, LLC disclosed 44 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.7B and a quarterly turnover rate of 117.9%.

Personality snowflake

Concentration
85.26
Portfolio Stability
100
Momentum/Contrarian
100
Sector conviction
100
Diversification
88
Sizing Uniformity
70.72

Recent moves

  • Trim TLT

    -79.2%　-$829.3M

  • Trim 464287905

    -44.5%　-$163.4M

  • Add GLD

    +139.1%　$252.3M

  • Trim GLD

    -50.0%　-$72.5M

  • Trim SPY

    +10.6%　$11.8M

  • Trim GLD

    +3.8%　$47.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1GLDSpdr Gold SharesETF-Commodities37.47%+5.93%+139.14%
2✓ Select Sector Spdr TrStock-Other22.46%+6.60%NEW
3✓ Ishares TrStock-Other18.95%-6.34%-44.47%
4UNITUniti Group INCStock-Other6.63%+0.39%+11.55%
5✓ Warner Bros Discovery INCStock-Other2.51%+0.74%NEW
6✓ Ares Capital CORPStock-Other2.20%+0.65%NEW
7IWMIshares Russell 2000 ETFETF-Small Cap1.41%+41.48%NEW
8TSLATesla INCStock-Consumer Disc1.34%+0.39%NEW
9ADTAdt INCStock-Industrials1.28%-0.18%—
10ALVOAlvotechStock-Other0.85%-0.20%—
11GNWGenworth Financial INCStock-Financials0.53%+0.16%NEW
12✓ Invesco Exchng Traded Fd TrStock-Other0.47%+0.14%NEW
13BXMTBlackstone Mortgage Tru-cl AStock-Real Estate0.42%-0.03%—
14GLDSPDR Gold SharesETF-Commodities0.39%-0.70%+3.81%
15ASTLAlgoma Steel Group INCStock-Other0.35%-0.02%—
16HYGIshr Ibx Usd Hiyld Cb Etf-uiETF-High Yield0.27%+0.08%NEW
17AMCAmc Entertainment Hlds-cl AStock-Other0.25%+0.07%NEW
18OSGOctave Specialty Group INCStock-Other0.25%-0.07%—
19OPTUOptimum Communications Inc-aStock-Comm Services0.21%-0.11%-43.60%
20SPYState Street SPDR S&P 500 ETF TrustETF-Large Cap & Growth0.21%-0.82%+10.58%
21TLTiShares 20+ Year Treasury Bond ETFETF-Gov Bonds0.20%-27.74%-79.15%
22LINTA 4 11-15-29Liberty Interactive LLCStock-Other0.19%-0.03%—
23✓ Pdd Holdings INCStock-Other0.18%-0.02%—
24AQSTAquestive Therapeutics INCStock-Other0.17%-0.05%—
25RNAAtrium Therapeutics INCStock-Other0.17%+0.05%NEW
26CCOClear Channel Outdoor HoldinStock-Other0.16%——
27TRTXTpg Re Finance Trust INCStock-Other0.13%-0.01%—
28PDDPdd Holdings INCStock-Consumer Disc0.11%—+28.89%
29GLDSPDR Gold SharesETF-Commodities0.08%-2.78%-50.00%
30TSLATesla, Inc.Stock-Consumer Disc0.05%+1.42%NEW
31TSLATesla, Inc.Stock-Consumer Disc0.05%-0.17%+29.55%
32CRMSalesforce, Inc.Stock-Tech0.03%+1.00%NEW
33IGVIshares Expanded Tech-softwaETF-Tech0.01%+0.43%NEW
34✓ Generation Essentials GroupStock-Other0.01%——
35✓ Critical Metals CORPStock-Other———
36BNAIWBrand Engagement Netwo -cw27Stock-Other———
37NUCLWEagle Nuclear Energy CORPStock-Other——NEW
38AIRJWPower & Digital Acq -cw24Stock-Other———
39✓ Pdd Holdings INCStock-Other—-0.02%—
40COCHWEnvoy Medical Inc-cw27Stock-Other———
41✓ Blue Gold LTDStock-Other———
42GCTS-WSConcord Acq Cl A -cw28Stock-Other———
43DAICWCid Holdco INC -26Stock-Other———
44TVGNWSemper Paratus Acqu -cw26Stock-Other———

Holding changes this quarter

Bracebridge Capital, LLC's most significant position changes for 2026-03-31: New buy: Ishares Russell 2000 ETF (IWM); Sold out: Ishares Tr; New buy: Select Sector Spdr Tr; Sold out: Core Scientific, Inc. (CORZ); New buy: Tesla, Inc. (TSLA).

Position changes disclosed by Bracebridge Capital, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1GLDSpdr Gold Shares+5.9%+139.14%Add
2UNITUniti Group INC+0.4%+11.55%Add
3PDDPdd Holdings INC—+28.89%Add
4CCOClear Channel Outdoor Holdin——Unchanged
5BNAIWBrand Engagement Netwo -cw27——Unchanged
6✓ Blue Gold LTD——Unchanged
7AIRJWPower & Digital Acq -cw24——Unchanged
8✓ Generation Essentials Group——Unchanged
9✓ Critical Metals CORP——Unchanged
10GCTS-WSConcord Acq Cl A -cw28——Unchanged
11COCHWEnvoy Medical Inc-cw27——Unchanged
12DAICWCid Holdco INC -26——Unchanged
13TRTXTpg Re Finance Trust INC0%—Unchanged
14✓ Pdd Holdings INC0%—Unchanged
15✓ Pdd Holdings INC0%—Unchanged
16ASTLAlgoma Steel Group INC0%—Unchanged
17LINTA 4 11-15-29Liberty Interactive LLC0%—Unchanged
18BXMTBlackstone Mortgage Tru-cl A0%—Unchanged
19AQSTAquestive Therapeutics INC-0.1%—Unchanged
20OSGOctave Specialty Group INC-0.1%—Unchanged
21OPTUOptimum Communications Inc-a-0.1%-43.60%Trim
22TSLATesla, Inc.-0.2%+29.55%Add
23ADTAdt INC-0.2%—Unchanged
24ALVOAlvotech-0.2%—Unchanged
25GLDSPDR Gold Shares-0.7%+3.81%Add
26SPYState Street SPDR S&P 500 ETF Trust-0.8%+10.58%Add
27GLDSPDR Gold Shares-2.8%-50.00%Trim
28✓ Ishares Tr-6.3%-44.47%Trim
29TLTiShares 20+ Year Treasury Bond ETF-27.7%-79.15%Trim
30IWMIshares Russell 2000 ETF—NEWNew buy
31✓ Ishares Tr—EXITSold out
32✓ Select Sector Spdr Tr—NEWNew buy
33CORZCore Scientific, Inc.—EXITSold out
34TSLATesla, Inc.—NEWNew buy
35CRMSalesforce, Inc.—NEWNew buy
36✓ Warner Bros Discovery INC—NEWNew buy
37KBABKraneShares 2x Long BABA Daily ETF—EXITSold out
38✓ Ares Capital CORP—NEWNew buy
39IGVIshares Expanded Tech-softwa—NEWNew buy
40TSLATesla INC—NEWNew buy
41YCY-UNAA Mission Acquisition Corp. II—EXITSold out
42GNWGenworth Financial INC—NEWNew buy
43✓ Invesco Exchng Traded Fd Tr—NEWNew buy
44HYGIshr Ibx Usd Hiyld Cb Etf-ui—NEWNew buy
45AMCAmc Entertainment Hlds-cl A—NEWNew buy
46GENVRGen Digital INC - Cvr—EXITSold out
47RNAAtrium Therapeutics INC—NEWNew buy
48✓ Aa Mission Acquisition CORP—EXITSold out
49NUCLWEagle Nuclear Energy CORP—NEWNew buy
50✓ Carbon Revolution LTD—EXITSold out

FAQ

What is Bracebridge Capital, LLC and what type of investor is it?
Bracebridge Capital, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.7B, spread across 44 disclosed positions.
What are Bracebridge Capital, LLC's largest equity positions?
Based on the latest 13F filing, Bracebridge Capital, LLC's top holdings by market value are: 1. Spdr Gold Shares (GLD) — $410.3M (37.5%) 2. Select Sector Spdr Tr — $245.9M (22.5%) 3. Ishares Tr — $207.5M (18.9%) 4. Uniti Group INC (UNIT) — $72.6M (6.6%) 5. Warner Bros Discovery INC — $27.5M (2.5%)
What changes did Bracebridge Capital, LLC make in its most recent portfolio filing?
In the latest reported quarter, Bracebridge Capital, LLC made 31 notable position adjustments: 14 new positions were initiated, 6 existing holdings were added to, 4 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: Ishares Russell 2000 ETF (IWM); Sold out: Ishares Tr; New buy: Select Sector Spdr Tr; Sold out: Core Scientific, Inc. (CORZ); New buy: Tesla, Inc. (TSLA)
What sectors does Bracebridge Capital, LLC focus on?
Bracebridge Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 65.5% • Information Technology: 20.1% • Industrials: 7.5% • Financials: 3.1% • Real Estate: 2.5% • Communication Services: 1.2%