Institutional Manager · CIK 0001050417
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
Greenwich, CT · File #028-10718
Latest AUM
$379.7M
Positions
24
Top-10 Concentration
93.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | REPUBLIC AWYS HLDGS INC | 590479408 | +4,446,210 | +$81.7M | $0 |
| EXITED | BURFORD CAP LTD | G17977110 | -4,044,998 | -$48.4M | $0 |
| EXITED | VALE S A | 91912E105 | -3,551,171 | -$38.6M | $0 |
| REDUCE | CORE NATURAL RESOURCES INC | CNR | -187,676 | -$16.6M | +$1.1M |
| NEW | GRUPO AEROMEXICO SAB DE CV | 40054J109 | +671,207 | +$14.7M | $0 |
| EXITED | LITHIUM ARGENTINA AG | 53680QAA6 | -16,000,000 | -$14.3M | $0 |
| EXITED | ALGOMA STL GROUP INC | 015658107 | -2,037,686 | -$7.2M | $0 |
| REDUCE | EMERALD HOLDING INC | EEX | -785,882 | -$3.5M | -$544,984 |
| ADD | ALIBABA GROUP HLDG LTD | BBAAY | +22,027 | +$3.2M | -$4.6M |
| EXITED | BRIGHTVIEW HLDGS INC | 10948C107 | -197,000 | -$2.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202524 pos · $379.7M
- 13F HOLDINGS REPORTQ/E Sep 202536 pos · $396.3M
- 13F HOLDINGS REPORTQ/E Jun 202534 pos · $349.5M
- 13F HOLDINGS REPORTQ/E Mar 202535 pos · $389.4M
- 13F HOLDINGS REPORTQ/E Dec 202434 pos · $295.3M
- 13F HOLDINGS REPORTQ/E Sep 202430 pos · $329.0M
- 13F HOLDINGS REPORTQ/E Jun 202429 pos · $318.4M
- 13F HOLDINGS REPORTQ/E Mar 202429 pos · $366.6M
- 13F HOLDINGS REPORTQ/E Dec 202333 pos · $372.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 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-WTA | 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% |