Contrarian Capital Management, L.l.c portfolio
Credit fundPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Contrarian Capital Management, L.l.c reported a $306M portfolio of 19 positions to the SEC as of the end of Q2 2026. Its largest positions are RJET, GGB, TX. During the quarter it opened Six Flags Entertainment and exited Hsbc Holdings and Alibaba Group Holding.
Sections with a free account
What changed this quarter
9 positions with a change (1 new, 3 added to, 2 trimmed, 3 sold). 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Hsbc Holdings−11.1 ppof portfolioSold out11.1% → —
- Alibaba Group Holding−10.8 ppof portfolioSold out10.8% → —
- Futu Holdings+28%more sharesIncreased11.6% → 11.9%
- Core Natural Resources−0.9 ppof portfolioSold out0.9% → —
- Clear Channel Outdoor Holdings−56%fewer sharesReduced1.6% → 0.8%
- Six Flags Entertainment+0.6 ppof portfolioNew— → 0.7%
- Republic Airways Holdings−2.2%fewer sharesReduced20.1% → 29.8%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Republic Airways HoldingsRJET29.8%
- GerdauGGB25.2%
- TerniumTX13.8%
- Futu HoldingsFUTU11.9%
- Grupo Aeromexico, S.A.B. de C.V.AERO3.9%
- BaiduBIDU3.8%
- Caesars EntertainmentCZR1.9%
- Macy'sM1.5%
- Viper EnergyVNOM1.5%
- Pg&ePCG1.1%
- WeyerhaeuserWY0.9%
- Clear Channel Outdoor HoldingsCCO0.8%
- National CinemediaNCMI0.7%
- NobleNE0.7%
- Six Flags EntertainmentFUN0.7%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 39%
- ● Industrials 36%
- ● Financials 12%
- ● Consumer Discretionary 5%
- ● Communication Services 4%
- ● Energy 2%
- ● Utilities 1%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q2 2026: 19
Q2 2026: 95%
Q2 2026: 13.8%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Not counted as a concentrated manager: it is a credit fund; its stocks usually come from debt exchanges. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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