13F HOLDINGS REPORT
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0000919574-26-000946
Total Value
$379.7M
Positions
24
Other Managers
1
Confidential Omitted
No
Holdings (24)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | HSBC HLDGS PLC | HBCYF | 1,265,656 | $99.6M | 26.23% |
| 2 | REPUBLIC AWYS HLDGS INC | 590479408 | 4,446,210 | $81.7M | 21.51% |
| 3 | GERDAU SA | GGB | 19,069,112 | $70.4M | 18.53% |
| 4 | TERNIUM SA | TX | 992,413 | $37.9M | 9.98% |
| 5 | ALIBABA GROUP HLDG LTD | BBAAY | 165,787 | $24.3M | 6.40% |
| 6 | GRUPO AEROMEXICO SAB DE CV | 40054J109 | 671,207 | $14.7M | 3.88% |
| 7 | BAIDU INC | BAIDF | 102,139 | $13.3M | 3.52% |
| 8 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 2,351,871 | $5.2M | 1.37% |
| 9 | MACYS INC | 55616P104 | 200,000 | $4.4M | 1.16% |
| 10 | PG&E CORP | PCG-PX | 200,000 | $3.2M | 0.85% |
| 11 | UNITI GROUP LLC | UNIT | 443,810 | $3.1M | 0.82% |
| 12 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 125,000 | $2.9M | 0.77% |
| 13 | NATIONAL CINEMEDIA INC | NCMI | 739,899 | $2.9M | 0.76% |
| 14 | CORE NATURAL RESOURCES INC | CNR | 31,567 | $2.8M | 0.74% |
| 15 | WEYERHAEUSER CO MTN BE | WY | 76,019 | $1.8M | 0.47% |
| 16 | ARDAGH METAL PACKAGING S A | AMPWF | 413,706 | $1.7M | 0.45% |
| 17 | NOBLE CORP PLC | NE-WT | 60,000 | $1.7M | 0.45% |
| 18 | VIPER ENERGY INC | VNOM | 42,516 | $1.6M | 0.43% |
| 19 | VALARIS LTD | VAL-WT | 31,434 | $1.6M | 0.42% |
| 20 | CLEVELAND-CLIFFS INC NEW | CLF | 115,000 | $1.5M | 0.40% |
| 21 | CENTURY CASINOS INC | CNTY | 889,144 | $1.2M | 0.31% |
| 22 | ADVANTAGE SOLUTIONS INC | ADV | 1,000,000 | $880,000 | 0.23% |
| 23 | WW INTL INC | 98262P200 | 28,091 | $820,679 | 0.22% |
| 24 | EMERALD HOLDING INC | EEX | 93,118 | $416,237 | 0.11% |