BRIGADE CAPITAL MANAGEMENT LP
Q3 2023 Form 13-F
NEW YORK, NEW YORK
CIK 0001421306
· CRD 144078
· SEC-registered investment adviser
Consolidated report · includes
2 managers
since Q4 2014
$457.8M Reported Value Total
BRIGADE CAPITAL MANAGEMENT, LP reports 127 total accounts under management (AUM). There are 127 discretionary accounts valued at $25,603,105,806, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
139 funds
· $28.6B gross asset value
Hedge Fund: $14.6B · Securitized Asset Fund: $13.6B · Private Equity Fund: $375.7M
Source: Form ADV filed 2026-10-15
Reported value
$457.8M
Quarter over quarter
-0.6%
Holdings
10
Top-10 concentration
94.7%
Filing Structure
Reports holdings for
- SEI INVESTMENTS MANAGEMENT CORP · File #028-16475 · since Q4 2014 · declared by one filing
- NATIONAL MUTUAL FUNDS MANAGEMENT LTD · File #028-23268 · since Q2 2024
- SEI INVESTMENTS COMPANY · File #028-16454 · Q1 2024 – Q1 2026 · declared by one filing
- Brigade Leveraged Capital Structures Fund Ltd. (not a 13F filer in our records) · File #028-12821 · Q2 2013 – Q3 2022
- Brigade Distressed Value Master Fund, Ltd. (not a 13F filer in our records) · File #028-22247 · Q4 2021 – Q3 2022
- Brigade Credit Fund II Ltd. (not a 13F filer in our records) · File #028-21971 · Q4 2021 – Q3 2022
- Brigade EP Fund LP (not a 13F filer in our records) · File #028-18534 · Q4 2017 – Q3 2019
- Brigade Energy Opportunities Fund LP (not a 13F filer in our records) · File #028-19302 · Q4 2018 – Q3 2019
Holdings reported by
- AMP Capital Investors Ltd · Q4 2019 – Q3 2021 · declared by one filing
Key People
Form ADV owners & control persons
Donald Ellis Morgan
MANAGING MEMBER
Douglas Carroll Pardon
CO-CHIEF INVESTMENT OFFICER/PORTFOLIO MANAGER
Steven Aaron Bleier
CO-CHIEF INVESTMENT OFFICER/PORTFOLIO MANAGER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q3 2023 13F record
Q3 2023 13F filing summary
| Period of report | September 30, 2023 |
|---|---|
| Filed | November 14, 2023 |
| Form | 13F-HR |
| Reported value | $457.8M |
| Positions | 10 |
| Change in reported value | +107.1% |
| New positions | 2 |
| Exited positions | 2 |
| Position turnover | 33.3% |
| Top-10 concentration | 94.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 10, 2026
|
12 | $1.3B |
|
Q2 2026 13F
Filed Aug 14, 2026
|
9 | $534.3M |
|
Q1 2026 13F
Filed May 15, 2026
|
8 | $805.8M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
11 | $331.1M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
13 | $815.2M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
11 | $435.8M |
|
Q1 2025 13F
Filed May 15, 2025
|
9 | $797.9M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
8 | $330.9M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
11 | $458.9M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
10 | $437.7M |
|
Q1 2024 13F
Filed May 14, 2024
|
12 | $466.2M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
13 | $2.8B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
10 | $457.8M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
10 | $221.1M |
|
Q1 2023 13F
Filed May 15, 2023
|
14 | $919.3M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
16 | $355.7M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
21 | $988.9M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
15 | $891.6M |
|
Q1 2022 13F
Filed May 16, 2022
|
24 | $750.9M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
29 | $874.4M |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | LQD C ISHARES TR | $102.0M | 22.28% |
| 2 | HYG P ISHARES TR | $97.3M | 21.25% |
| 3 | XHB P SPDR SER TR | $65.9M | 14.38% |
| 4 | XRT P SPDR SER TR | $38.2M | 8.33% |
| 5 | PII P POLARIS INC | $30.1M | 6.59% |
| 6 | LINTA 3.75 02/15/30 LIBERTY MEDIA CORP DEL | $26.6M | 5.81% |
| 7 | GFR GREENFIRE RES LTD NEW | $25.6M | 5.6% |
| 8 | MITT 6.75 09/15/24 WESTERN ASSET MORTGAGE CAPIT | $24.5M | 5.36% |
| 9 | AGS PLAYAGS INC | $11.7M | 2.56% |
| 10 | CCO CLEAR CHANNEL OUTDOOR HLDGS | $11.6M | 2.54% |
| 11 | ECVT ECOVYST INC | $7.8M | 1.7% |
| 12 | FWONB LIBERTY MEDIA CORP DEL | $3.4M | 0.74% |
| 13 | LILAK 2 07/15/24 LIBERTY LATIN AMERICA LTD | $3.0M | 0.66% |
| 14 | LOGI P LOGITECH INTL S A | $3.0M | 0.65% |
| 15 | VST VISTRA CORP | $2.0M | 0.43% |
| 16 | PGTI C PGT INNOVATIONS INC | $1.3M | 0.28% |
| 17 | TWO 6.25 01/15/26 TWO HARBORS INVENTMENT CORPO | $1.2M | 0.27% |
| 18 | VISN COMMSCOPE HLDG CO INC | $863.5K | 0.19% |
| 19 | SD SANDRIDGE ENERGY INC | $765.5K | 0.17% |
| 20 | QVCGA QURATE RETAIL INC | $506.5K | 0.11% |
Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.