Contrarian Capital Management, L.L.C. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Contrarian Capital Management, L.L.C. disclosed 36 US equity positions worth $396.3m in its Q3 2025 13F filing. The largest position was HSBC at 22.7% of the reported book, followed by GGB and BUR. Against the Q2 2025 filing, it opened 7 new positions, added to 10 and reduced 6 among the top 36 holdings.
What did Contrarian Capital Management, L.L.C. own in Q3 2025? Top 36 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HSBC HSBC HLDGS PLC | Financial Services | 22.7% | $89.8m | 1,265,656 | 0% | held |
| 2 | GGB GERDAU SA | Basic Materials | 14.9% | $59.1m | 19,069,112 | 0% | held |
| 3 | BUR BURFORD CAP LTD | Financial Services | 12.2% | $48.4m | 4,044,998 | 58% | added |
| 4 | VALE VALE S A | Basic Materials | 9.7% | $38.6m | 3,551,171 | 0% | held |
| 5 | TX TERNIUM SA | Basic Materials | 8.7% | $34.5m | 992,413 | 0% | held |
| 6 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 6.5% | $25.7m | 143,760 | – | new |
| 7 | CNR CORE NATURAL RESOURCES INC | Energy | 4.6% | $18.3m | 219,243 | 0% | held |
| 8 | LITHIUM ARGENTINA AG | 3.6% | $14.3m | 16,000,000 | 0% | held | |
| 9 | BIDU BAIDU INC | Communication Services | 3.4% | $13.5m | 102,139 | – | new |
| 10 | ASTL ALGOMA STL GROUP INC | 1.8% | $7.2m | 2,037,686 | -43% | reduced | |
| 11 | EM7 EMERALD HOLDING INC | 1.1% | $4.5m | 879,000 | 12% | added | |
| 12 | CCO CLEAR CHANNEL OUTDOOR HLDGS | Communication Services | 1.0% | $4.0m | 2,521,871 | 74% | added |
| 13 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 1.0% | $3.9m | 145,500 | 22% | added |
| 14 | M MACYS INC | Consumer Cyclical | 0.9% | $3.6m | 200,000 | 0% | held |
| 15 | NCMI NATIONAL CINEMEDIA INC | 0.8% | $3.3m | 739,899 | 0% | held | |
| 16 | PCG PG&E CORP | Utilities | 0.8% | $3.0m | 200,000 | 0% | held |
| 17 | UNIT UNITI GROUP LLC | 0.7% | $2.8m | 454,810 | – | new | |
| 18 | BV BRIGHTVIEW HLDGS INC | 0.7% | $2.6m | 197,000 | -5% | reduced | |
| 19 | ADV ADVANTAGE SOLUTIONS INC | 0.7% | $2.6m | 1,700,000 | 6% | added | |
| 20 | CNTY CENTURY CASINOS INC | 0.6% | $2.3m | 889,144 | 0% | held | |
| 21 | PBI PITNEY BOWES INC | Industrials | 0.5% | $1.8m | 159,000 | -1% | reduced |
| 22 | NOBLE CORP PLC | 0.4% | $1.7m | 60,000 | 0% | held | |
| 23 | VALARIS LTD | 0.4% | $1.5m | 31,434 | 0% | held | |
| 24 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 0.4% | $1.4m | 115,000 | 0% | held |
| 25 | VNOM VIPER ENERGY INC | Energy | 0.3% | $1.2m | 32,114 | – | new |
| 26 | NATL NCR ATLEOS CORPORATION | Technology | 0.3% | $1.1m | 28,500 | -2% | reduced |
| 27 | PRKS UNITED PARKS & RESORTS INC | Consumer Cyclical | 0.3% | $1.1m | 21,500 | -4% | reduced |
| 28 | WW INTL INC | 0.2% | $768.6k | 28,091 | – | new | |
| 29 | VYX NCR VOYIX CORPORATION | Technology | 0.2% | $602.4k | 48,000 | 2% | added |
| 30 | UNFI UNITED NAT FOODS INC | Consumer Defensive | 0.1% | $545.5k | 14,500 | – | new |
| 31 | SKIL SKILLSOFT CORP | 0.1% | $540.3k | 41,500 | 20% | added | |
| 32 | MBC MASTERBRAND INC | Consumer Cyclical | 0.1% | $434.6k | 33,000 | 38% | added |
| 33 | SABR SABRE CORP | Technology | 0.1% | $411.8k | 225,000 | -68% | reduced |
| 34 | AMBP ARDAGH METAL PACKAGING S A | Consumer Cyclical | 0.1% | $379.1k | 95,000 | 6% | added |
| 35 | MAT MATTEL INC | Consumer Cyclical | 0.1% | $370.3k | 22,000 | 10% | added |
| 36 | HSIC HENRY SCHEIN INC | Healthcare | 0.1% | $331.9k | 5,000 | – | new |
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.