1y return+6.3%S&P 500 +20.9%
3y return+52.0%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2023: $152 against $168 in the S&P 500.2
Bracebridge Capital, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GLDSpdr Gold Tr | $233.4M | 50.7% | −33.6% |
| UNITUniti Group LLC | $92.0M | 20.0% | +3.6% |
| CZRCaesars Entertainment Inc Ne | $28.6M | 6.2% | New |
| ADTAdt Inc Del | $20.3M | 4.4% | +47.0% |
| Service Pptys TrCUSIP 81761L102 | $19.1M | 4.2% | New |
| FWRDForward Air Corp | $19.0M | 4.1% | New |
| AlvotechCUSIP L01800108 | $14.9M | 3.2% | +49.3% |
| SPCXSpace Exploration Techn Corp | $7.9M | 1.7% | New |
| GNWGenworth Finl Inc | $6.8M | 1.5% | |
| BXMTBlackstone Mortgage Trust In | $4.1M | 0.9% | |
| ASTLAlgoma Stl Group Inc | $3.7M | 0.8% | |
| OSGOctave Specialty Group Inc | $3.6M | 0.8% | |
| AQSTAquestive Therapeutics Inc | $1.9M | 0.4% | |
| RNAAtrium Therapeutics Inc | $1.9M | 0.4% | |
| TRTXTpg Re Fin Tr Inc | $1.5M | 0.3% | |
| PDDPdd Holdings Inc | $1.0M | 0.2% | +17.2% |
| AIRJWAirjoule Technologies Corp | $65K | 0.0% | |
| Generation Essentials GroupCUSIP G38268119 | $58K | 0.0% | |
| Critical Metals CorpCUSIP G2662B111 | $45K | 0.0% | |
| GCTS/WSGct Semiconductor Hldg Inc | $37K | 0.0% | |
| NUCLWEagle Nuclear Energy Corp | $36K | 0.0% | |
| BNAIWBrand Engagement Network Inc | $23K | 0.0% | |
| COCHWEnvoy Medical Inc | $13K | 0.0% | |
| Blue Gold LtdCUSIP G1331C112 | $7,208 | 0.0% | |
| DAICWCid Holdco Inc | $769 | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| UNITUniti Group LLC | September 30, 2025 | +87.4% | $92.0M |
| GCTS/WSGct Semiconductor Hldg Inc | March 31, 2024 | +28.9% | $37K |
| GNWGenworth Finl Inc | March 31, 2026 | +16.6% | $6.8M |
| NUCLWEagle Nuclear Energy Corp | March 31, 2026 | +4.3% | $36K |
| TRTXTpg Re Fin Tr Inc | March 31, 2025 | +2.7% | $1.5M |
| RNAAtrium Therapeutics Inc | March 31, 2026 | +0.6% | $1.9M |
| ADTAdt Inc Del | March 31, 2024 | −3.3% | $20.3M |
| GLDSpdr Gold Tr | December 31, 2025 | −7.0% | $233.4M |
| BXMTBlackstone Mortgage Trust In | March 31, 2024 | −14.9% | $4.1M |
| PDDPdd Holdings Inc | December 31, 2025 | −32.7% | $1.0M |
Sold off last quarter
- TSLATesla Inc was $14.6M
- HYGIshares Tr was $3.0M
- AMCAmc Entmt Hldgs Inc was $2.7M
- OPTUOptimum Communications Inc was $2.3M
- Clear Channel Outdoor HldgsCUSIP 18453H106 was $1.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −6.6% | +14.8% |
| March 31, 2026 | +6.9% | −4.6% |
| December 31, 2025 | −2.9% | +2.4% |
| September 30, 2025 | +9.5% | +7.8% |
| June 30, 2025 | +0.7% | +10.5% |
| March 31, 2025 | −6.8% | −4.6% |
| December 31, 2024 | +21.6% | +2.1% |
| September 30, 2024 | +8.0% | +5.4% |
| June 30, 2024 | −14.1% | +4.0% |
| March 31, 2024 | +5.2% | +10.0% |
| December 31, 2023 | +27.9% | +11.2% |
| September 30, 2023 | +0.5% | −3.6% |
| December 31, 2022 | +11.5% | +7.1% |
| September 30, 2022 | −4.8% | −5.3% |
| June 30, 2022 | −2.8% | −16.5% |
| March 31, 2022 | −3.5% | −4.9% |
| December 31, 2021 | −1.0% | +10.7% |
| September 30, 2021 | +0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Bracebridge Capital, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1426486&type=13F-HR&dateb=&owner=include&count=40CIK 1426486
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1426486/000142648626000006/Filed August 14, 2026 · accession 0001426486-26-000006