13F HOLDINGS REPORT
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0000919574-25-006672
Total Value
$396.3M
Positions
36
Other Managers
1
Confidential Omitted
No
Holdings (36)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | HSBC HLDGS PLC | HBCYF | 1,265,656 | $89.8M | 22.67% |
| 2 | GERDAU SA | GGB | 19,069,112 | $59.1M | 14.92% |
| 3 | BURFORD CAP LTD | BUR | 4,044,998 | $48.4M | 12.21% |
| 4 | VALE S A | VALE | 3,551,171 | $38.6M | 9.73% |
| 5 | TERNIUM SA | TX | 992,413 | $34.5M | 8.70% |
| 6 | ALIBABA GROUP HLDG LTD | BBAAY | 143,760 | $25.7M | 6.48% |
| 7 | CORE NATURAL RESOURCES INC | CNR | 219,243 | $18.3M | 4.62% |
| 8 | LITHIUM ARGENTINA AG | LAR | 16,000,000 | $14.3M | 3.60% |
| 9 | BAIDU INC | BAIDF | 102,139 | $13.5M | 3.40% |
| 10 | ALGOMA STL GROUP INC | 015658107 | 2,037,686 | $7.2M | 1.83% |
| 11 | EMERALD HOLDING INC | EEX | 879,000 | $4.5M | 1.13% |
| 12 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 2,521,871 | $4.0M | 1.01% |
| 13 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 145,500 | $3.9M | 0.99% |
| 14 | MACYS INC | 55616P104 | 200,000 | $3.6M | 0.90% |
| 15 | NATIONAL CINEMEDIA INC | NCMI | 739,899 | $3.3M | 0.84% |
| 16 | PG&E CORP | PCG-PX | 200,000 | $3.0M | 0.76% |
| 17 | UNITI GROUP LLC | UNIT | 454,810 | $2.8M | 0.70% |
| 18 | BRIGHTVIEW HLDGS INC | BV | 197,000 | $2.6M | 0.67% |
| 19 | ADVANTAGE SOLUTIONS INC | ADV | 1,700,000 | $2.6M | 0.66% |
| 20 | CENTURY CASINOS INC | CNTY | 889,144 | $2.3M | 0.59% |
| 21 | PITNEY BOWES INC | PBI-PB | 159,000 | $1.8M | 0.46% |
| 22 | NOBLE CORP PLC | NE-WT | 60,000 | $1.7M | 0.43% |
| 23 | VALARIS LTD | VAL-WT | 31,434 | $1.5M | 0.39% |
| 24 | CLEVELAND-CLIFFS INC NEW | CLF | 115,000 | $1.4M | 0.35% |
| 25 | VIPER ENERGY INC | VNOM | 32,114 | $1.2M | 0.31% |
| 26 | NCR ATLEOS CORPORATION | NATL | 28,500 | $1.1M | 0.28% |
| 27 | UNITED PARKS & RESORTS INC | PRKS | 21,500 | $1.1M | 0.28% |
| 28 | WW INTL INC | 98262P200 | 28,091 | $768,570 | 0.19% |
| 29 | NCR VOYIX CORPORATION | NCRRP | 48,000 | $602,400 | 0.15% |
| 30 | UNITED NAT FOODS INC | UNTCW | 14,500 | $545,490 | 0.14% |
| 31 | SKILLSOFT CORP | SKILW | 41,500 | $540,330 | 0.14% |
| 32 | MASTERBRAND INC | MBC | 33,000 | $434,610 | 0.11% |
| 33 | SABRE CORP | SABR | 225,000 | $411,750 | 0.10% |
| 34 | ARDAGH METAL PACKAGING S A | AMPWF | 95,000 | $379,050 | 0.10% |
| 35 | MATTEL INC | MAT | 22,000 | $370,260 | 0.09% |
| 36 | HENRY SCHEIN INC | HSIC | 5,000 | $331,850 | 0.08% |