Brigade Capital Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Brigade Capital Management, LP disclosed 16 US equity positions worth $176.7m in its Q4 2025 13F filing. The largest position was LANTHEUS HLDGS INC at 24.1% of the reported book, followed by NBR and JAZZ INVESTMENTS I LTD. Against the Q3 2025 filing, it opened 1 new position, added to 2 and reduced 10 among the top 16 holdings.
What did Brigade Capital Management, LP own in Q4 2025? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | LANTHEUS HLDGS INC | 24.1% | $42.5m | 37,211,000 | 96% | added | |
| 2 | NBR NABORS INDUSTRIES LTD | Energy | 20.8% | $36.7m | 675,879 | -9% | reduced |
| 3 | JAZZ INVESTMENTS I LTD | 14.3% | $25.3m | 18,965,000 | -46% | reduced | |
| 4 | LUMN LUMEN TECHNOLOGIES INC | Communication Services | 8.1% | $14.4m | 1,850,000 | -36% | reduced |
| 5 | NOMD NOMAD FOODS LTD | Consumer Defensive | 6.2% | $10.9m | 875,000 | – | new |
| 6 | EXE EXPAND ENERGY CORPORATION | Energy | 4.8% | $8.5m | 77,260 | -1% | reduced |
| 7 | LNTH LANTHEUS HLDGS INC | Healthcare | 4.8% | $8.5m | 127,607 | -60% | reduced |
| 8 | ECVT ECOVYST INC | Basic Materials | 4.5% | $8.0m | 817,255 | 0% | held |
| 9 | DHC DIVERSIFIED HEALTHCARE TR | 4.4% | $7.8m | 1,600,000 | 0% | held | |
| 10 | LIBERTY MEDIA CORP DEL | 2.4% | $4.2m | 76,540,000 | -3% | reduced | |
| 11 | JAZZ INVESTMENTS I LTD | 2.0% | $3.5m | 3,000,000 | -40% | reduced | |
| 12 | FOA FINANCE OF AMERICA COMPAN | 1.1% | $2.0m | 82,000 | 44% | added | |
| 13 | SERVICE PPTYS TR | 1.1% | $2.0m | 1,075,000 | 0% | held | |
| 14 | FWRD FORWARD AIR CORP | 1.1% | $1.9m | 77,357 | -65% | reduced | |
| 15 | LIBERTY MEDIA CORP DEL | 0.2% | $423.5k | 7,700,000 | -11% | reduced | |
| 16 | EXPAND ENERGY CORPORATION | 0.1% | $146.3k | 1,468 | -39% | reduced |
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.