1y return+103.1%S&P 500 +20.9%
3y return+67.9%S&P 500 +68.5%
5y return+86.6%S&P 500 +74.5%
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 March 31, 2020: $507 against $290 in the S&P 500.2
Brigade Capital Management, LPS&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 |
|---|---|---|---|
| LNTHLantheus Hldgs Inc | $36.5M | 42.4% | −9.6% |
| EXEExpand Energy Corporation | $9.6M | 11.2% | +37.3% |
| VSTVistra Corp | $8.1M | 9.4% | New |
| FOAFinance Of America Compan | $7.7M | 9.0% | +78.6% |
| LMRILumexa Imaging Holdings Inc | $7.5M | 8.7% | New |
| UALUnited Airls Hldgs Inc | $7.3M | 8.5% | New |
| EMBCEmbecta Corp | $4.9M | 5.7% | New |
| LUMNLumen Technologies Inc | $4.2M | 4.9% | −70.3% |
| CNTYCentury Casinos Inc | $150K | 0.2% |
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 |
|---|---|---|---|
| LUMNLumen Technologies Inc | June 30, 2025 | +75.3% | $4.2M |
| LNTHLantheus Hldgs Inc | June 30, 2025 | +35.5% | $36.5M |
| EXEExpand Energy Corporation | September 30, 2024 | +10.9% | $9.6M |
| FOAFinance Of America Compan | December 31, 2024 | −2.1% | $7.7M |
| CNTYCentury Casinos Inc | March 31, 2026 | −7.9% | $150K |
Sold off last quarter
- ECVTEcovyst Inc was $10.5M
- SPYState Str Spdr S&p 500 Etf T was $9.8M
- Nomad Foods LtdCUSIP G6564A105 was $8.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +20.7% | +14.8% |
| March 31, 2026 | +22.0% | −4.6% |
| December 31, 2025 | +18.2% | +2.4% |
| September 30, 2025 | +16.6% | +7.8% |
| June 30, 2025 | −17.4% | +10.5% |
| March 31, 2025 | −11.9% | −4.6% |
| December 31, 2024 | −4.0% | +2.1% |
| September 30, 2024 | +4.2% | +5.4% |
| June 30, 2024 | +4.5% | +4.0% |
| March 31, 2024 | +8.7% | +10.0% |
| December 31, 2023 | +8.0% | +11.2% |
| September 30, 2023 | −7.5% | −3.6% |
| June 30, 2023 | −2.1% | +8.3% |
| March 31, 2023 | −1.2% | +7.0% |
| December 31, 2022 | +11.0% | +7.1% |
| September 30, 2022 | +1.7% | −5.3% |
| June 30, 2022 | −17.7% | −16.5% |
| March 31, 2022 | +11.8% | −4.9% |
| December 31, 2021 | +6.0% | +10.7% |
| September 30, 2021 | +4.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Brigade Capital Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1421306&type=13F-HR&dateb=&owner=include&count=40CIK 1421306
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1421306/000091957426005183/Filed August 14, 2026 · accession 0000919574-26-005183