Brigade Capital Management, LP
Annual return '25
+17.6%
SPY '25
+17.7%
Alpha
-0.2ptsvs SPY
Invested
$805.8M
Holdings
16
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 83%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$HYG
ISHARES TR
Q2 2025: Exited (was 2.50M shares)
35.5%
02
$TLT
ISHARES TR
Q4 2025: Exited (was 1.73M shares)
22.1%
03
$LQD
ISHARES TR
Q4 2025: Exited (was 2.00M shares)
13.5%
04
$IWM
ISHARES TR
Q1 2026: Exited (was 69.0k shares)
9.4%
05
$LNTH 2.625 12/15
LANTHEUS HLDGS INC
Q1 2026: Exited (was 103.73M shares)
7.2%
06
$LNTH
LANTHEUS HLDGS INC
Q1 2026: Exited (was 127.6k shares)
4.4%
07
$LUMN
LUMEN TECHNOLOGIES INC
Q1 2026: Exited (was 1.85M shares)
1.6%
08
$ECVT
ECOVYST INC
Q1 2026: Exited (was 817.3k shares)
1.3%
09
$SPY
STATE STR SPDR S&P 500 ETF T
Q1 2026: Increased +57.2% (45.2k → 71.1k shares)
1.2%
10
$EXE
EXPAND ENERGY CORPORATION
Q1 2026: Exited (was 77.3k shares)
1.1%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:42 UTC.