CONTRARIAN CAPITAL MANAGEMENT L L C's Q2 2025 13F: 1 new position, 2 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 13, 2025 · 34 reported positions · accession 0000919574-25-004520
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | PETROLEO BRASILEIRO SA PETRO (PBR) | 14.4% | 6.9% | −7.5 pts | −1.98M sh | −51% |
| Exited | PETROLEO BRASILEIRO SA PETRO (PBRA) | 4.8% | — | −4.8 pts | −1.43M sh | −100% |
| Reduced | VALE S A (VALE) | 9.4% | 9.9% | +0.4 pts | −135K sh | −4% |
| Increased | BURFORD CAP LTD (BUR) | 8.4% | 10.4% | +2.1 pts | +90,000 sh | +4% |
| Increased | PG&E CORP (PCG) | 0.7% | 0.8% | +0.1 pts | +50,000 sh | +33% |
| Reduced | GERDAU SA (GGB) | 14.0% | 15.9% | +1.9 pts | −150K sh | −1% |
| New | ON SEMICONDUCTOR CORP (ON) | — | 0.1% | +0.1 pts | +5,500 sh | new |
| Reduced | ARDAGH METAL PACKAGING S A (AMBP) | 0.1% | 0.1% | 0.0 pts | −60,000 sh | −40% |
| Reduced | PITNEY BOWES INC (PBI) | 0.4% | 0.5% | +0.1 pts | −20,000 sh | −11% |
| Increased | ADVANTAGE SOLUTIONS INC (ADV) | 0.6% | 0.6% | 0.0 pts | +160K sh | +11% |
| Exited | CAPRI HOLDINGS LIMITED (CPRI) | 0.1% | — | −0.1 pts | −11,000 sh | −100% |
| Reduced | EMERALD HOLDING INC (EEX) | 0.8% | 1.1% | +0.3 pts | −35,000 sh | −4% |
| Increased | UNITED PARKS & RESORTS INC (PRKS) | 0.3% | 0.3% | +0.1 pts | +1,000 sh | +5% |
| Reduced | MASTERBRAND INC (MBC) | 0.1% | 0.1% | 0.0 pts | −4,000 sh | −14% |
| Increased | BRIGHTVIEW HLDGS INC (BV) | 0.7% | 1.0% | +0.3 pts | +2,000 sh | +1% |
| Reduced | NCR ATLEOS CORPORATION (NATL) | 0.2% | 0.2% | 0.0 pts | −1,000 sh | −3% |
| Reduced | MATTEL INC (MAT) | 0.1% | 0.1% | 0.0 pts | −1,000 sh | −5% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 89.9% of the equity book
Changes in the top 10 this quarter: EEX entered · PBRA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HSBC HLDGS PLC (HSBC) | 18.7% | 22.0% | |
| 2 | GERDAU SA (GGB) | 14.0% | 15.9% | |
| 3 | BURFORD CAP LTD (BUR) | 8.4% | 10.4% | |
| 4 | VALE S A (VALE) | 9.4% | 9.9% | |
| 5 | TERNIUM SA (TX) | 7.9% | 8.5% | |
| 6 | ALGOMA STL GROUP INC (ASTL) | 5.0% | 7.0% | |
| 7 | PETROLEO BRASILEIRO SA PETRO (PBR) | 14.4% | 6.9% | |
| 8 | CORE NATURAL RESOURCES INC (CNR) | 4.3% | 4.4% | |
| 9 | LITHIUM ARGENTINA AG (LAR) | 3.4% | 3.7% | |
| 10 | EMERALD HOLDING INC (EEX) | 0.8% | 1.1% | Entered the top 10 |
| — | PETROLEO BRASILEIRO SA PETRO (PBRA) | 4.8% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).