13F HOLDINGS REPORT
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0000919574-25-004520
Total Value
$349.5M
Positions
34
Other Managers
1
Confidential Omitted
No
Holdings (34)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | HSBC HLDGS PLC | HBCYF | 1,265,656 | $76.9M | 22.01% |
| 2 | GERDAU SA | GGB | 19,069,112 | $55.7M | 15.93% |
| 3 | BURFORD CAP LTD | BUR | 2,556,748 | $36.5M | 10.43% |
| 4 | VALE S A | VALE | 3,551,171 | $34.5M | 9.87% |
| 5 | TERNIUM SA | TX | 992,413 | $29.9M | 8.55% |
| 6 | ALGOMA STL GROUP INC | 015658107 | 3,572,018 | $24.6M | 7.04% |
| 7 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 1,928,173 | $24.1M | 6.90% |
| 8 | CORE NATURAL RESOURCES INC | CNR | 219,243 | $15.3M | 4.37% |
| 9 | LITHIUM ARGENTINA AG | LAR | 16,000,000 | $13.0M | 3.72% |
| 10 | EMERALD HOLDING INC | EEX | 783,862 | $3.8M | 1.09% |
| 11 | NATIONAL CINEMEDIA INC | NCMI | 739,899 | $3.6M | 1.03% |
| 12 | BRIGHTVIEW HLDGS INC | BV | 206,566 | $3.4M | 0.98% |
| 13 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 119,500 | $3.4M | 0.97% |
| 14 | PG&E CORP | PCG-PX | 200,000 | $2.8M | 0.80% |
| 15 | MACYS INC | 55616P104 | 200,000 | $2.3M | 0.67% |
| 16 | SABRE CORP | SABR | 705,000 | $2.2M | 0.64% |
| 17 | ADVANTAGE SOLUTIONS INC | ADV | 1,611,140 | $2.1M | 0.61% |
| 18 | CENTURY CASINOS INC | CNTY | 889,144 | $1.9M | 0.54% |
| 19 | PITNEY BOWES INC | PBI-PB | 160,000 | $1.7M | 0.50% |
| 20 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 1,452,614 | $1.7M | 0.49% |
| 21 | NOBLE CORP PLC | NE-WT | 60,000 | $1.6M | 0.46% |
| 22 | VALARIS LTD | VAL-WT | 31,434 | $1.3M | 0.38% |
| 23 | VIPER ENERGY INC | VNOM | 32,114 | $1.2M | 0.35% |
| 24 | UNITED PARKS & RESORTS INC | PRKS | 22,500 | $1.1M | 0.30% |
| 25 | CLEVELAND-CLIFFS INC NEW | CLF | 115,000 | $874,000 | 0.25% |
| 26 | NCR ATLEOS CORPORATION | NATL | 29,000 | $827,370 | 0.24% |
| 27 | NCR VOYIX CORPORATION | NCRRP | 47,000 | $551,310 | 0.16% |
| 28 | SKILLSOFT CORP | SKILW | 34,500 | $550,965 | 0.16% |
| 29 | MATTEL INC | MAT | 20,000 | $394,400 | 0.11% |
| 30 | ARDAGH METAL PACKAGING S A | AMPWF | 90,000 | $385,200 | 0.11% |
| 31 | LESLIES INC | 527064109 | 887,112 | $372,498 | 0.11% |
| 32 | MAGNERA CORP | MAGN | 28,000 | $338,240 | 0.10% |
| 33 | ON SEMICONDUCTOR CORP | ON | 5,500 | $288,255 | 0.08% |
| 34 | MASTERBRAND INC | MBC | 24,000 | $262,320 | 0.08% |