Brigade Capital Management, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Brigade Capital Management, LP disclosed 18 US equity positions worth $181.4m in its Q3 2025 13F filing. The largest position was JAZZ INVESTMENTS I LTD at 23.0% of the reported book, followed by NBR and LANTHEUS HLDGS INC. Against the Q2 2025 filing, it opened 5 new positions, added to 2 and reduced 1 among the top 18 holdings.
What did Brigade Capital Management, LP own in Q3 2025? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | JAZZ INVESTMENTS I LTD | 23.0% | $41.6m | 34,965,000 | – | new | |
| 2 | NBR NABORS INDUSTRIES LTD | Energy | 16.7% | $30.2m | 740,975 | -16% | reduced |
| 3 | LANTHEUS HLDGS INC | 11.0% | $19.9m | 19,010,000 | – | new | |
| 4 | LUMN LUMEN TECHNOLOGIES INC | Communication Services | 9.8% | $17.7m | 2,900,000 | 0% | held |
| 5 | LNTH LANTHEUS HLDGS INC | Healthcare | 8.9% | $16.2m | 316,345 | 121% | added |
| 6 | NCLH NORWEGIAN CRUISE LINE HLDG L | Consumer Cyclical | 4.7% | $8.6m | 347,600 | – | new |
| 7 | EXE EXPAND ENERGY CORPORATION | Energy | 4.6% | $8.3m | 78,386 | 0% | held |
| 8 | ECVT ECOVYST INC | Basic Materials | 3.9% | $7.2m | 817,255 | 0% | held |
| 9 | DHC DIVERSIFIED HEALTHCARE TR | 3.9% | $7.1m | 1,600,000 | 48% | added | |
| 10 | LIBERTY MEDIA CORP DEL | 3.5% | $6.3m | 79,114,000 | 0% | held | |
| 11 | FWRD FORWARD AIR CORP | 3.1% | $5.7m | 220,850 | 0% | held | |
| 12 | JAZZ INVESTMENTS I LTD | 2.9% | $5.3m | 5,000,000 | – | new | |
| 13 | SERVICE PPTYS TR | 1.6% | $2.9m | 1,075,000 | 0% | held | |
| 14 | GNW GENWORTH FINL INC | Financial Services | 0.8% | $1.4m | 160,000 | – | new |
| 15 | FOA FINANCE OF AMERICA COMPAN | 0.7% | $1.3m | 57,000 | 0% | held | |
| 16 | LIBERTY MEDIA CORP DEL | 0.4% | $733.0k | 8,624,000 | 0% | held | |
| 17 | BBGI BEASLEY BROADCAST GROUP INC | 0.3% | $611.1k | 136,455 | 0% | held | |
| 18 | EXPAND ENERGY CORPORATION | 0.1% | $231.9k | 2,398 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.