Bracebridge Capital, LLC
CIK 1426486 · View on SEC EDGAR ↗
- Portfolio value
- $5.5B
- Positions
- 40
- As of
- June 30, 2026
#744 of 9,443 by 13F value · top 7.9%
Portfolio value QoQ: +48.4% 13F does not disclose cash
- Top 10 holdings weight
- 96.31%
- Top 25 holdings weight
- 99.86%
- Positions above 1%
- 10
- Effective number of positions
- 4.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 36.82% Est. buys $4,132,760,058 · sells $1,704,959,138
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 44.9% still held
- New positions
- 9
- Increased
- 10
- Decreased
- 1
- Closed
- 7
Put-notional exposure: 46.5% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Telecommunication
1.7%
Consumer Discretionary
0.5%
Diversified Consumer Services
0.4%
Real Estate
0.4%
Logistics & Transportation
0.3%
Healthcare
0.3%
Financials
0.2%
Materials
0.1%
Retail
0.0%
Other/Unmapped
96.1%
Full portfolio 40 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 464288903) | $1,760,147,697 | 31.81% | 220,101 | Call option | |||
| Unknown issuer (CUSIP: 464288953) | $1,571,466,479 | 28.40% | 196,507 | Put option | $1,356,654,479 | Up ×1 | |
| Unknown issuer (CUSIP: 78463V957) | $477,052,100 | 8.62% | 12,950 | Put option | $52,700,102 | Up ×2 | |
| Unknown issuer (CUSIP: 464287905) | $414,741,180 | 7.50% | 13,804 | Call option | $207,289,180 | Up ×1 | |
| Unknown issuer (CUSIP: 464287955) | $414,741,180 | 7.50% | 13,804 | Put option | |||
| GLD | $233,350,311 | 4.22% | 633,450 | $-176,909,690 | Down ×1 | ||
| Unknown issuer (CUSIP: 88160R901) | $198,733,500 | 3.59% | 4,725 | Call option | $145,759,125 | Up ×2 | |
| UNIT Uniti Group Inc. - Common Stock | $92,030,577 | 1.66% | 8,023,590 | $19,396,875 | Up ×2 | ||
| Unknown issuer (CUSIP: 88160R951) | $85,171,500 | 1.54% | 2,025 | Put option | $32,197,125 | Up ×1 | |
| Unknown issuer (CUSIP: 78463V907) | $81,043,600 | 1.46% | 2,200 | Call option | $-5,014,400 | Up ×1 | |
| Unknown issuer (CUSIP: 12769G900) | $30,180,000 | 0.55% | 10,000 | Call option | Up ×1 | ||
| CZR Caesars Entertainment, Inc. - Common Stock | $28,567,060 | 0.52% | 946,556 | Up ×1 | |||
| Unknown issuer (CUSIP: 84615Q953) | $21,613,790 | 0.39% | 1,265 | Put option | Up ×1 | ||
| ADT ADT Inc. Common Stock | $20,319,000 | 0.37% | 3,126,000 | $6,351,180 | Up ×1 | ||
| SVC Service Properties Trust - Shares of Beneficial Interest | $19,148,068 | 0.35% | 11,330,218 | Up ×1 | |||
| FWRD Forward Air Corporation - Common Stock | $18,980,375 | 0.34% | 1,404,913 | Up ×1 | |||
| ALVO Alvotech - Ordinary Shares | $14,902,571 | 0.27% | 4,038,637 | $5,623,378 | Up ×1 | ||
| Unknown issuer (CUSIP: 84615Q903) | $12,558,210 | 0.23% | 735 | Call option | Up ×1 | ||
| Unknown issuer (CUSIP: 84615Q103) | $7,918,507 | 0.14% | 46,345 | Up ×1 | |||
| GNW Genworth Financial Inc Common Stock | $6,765,254 | 0.12% | 714,388 | $964,423 | |||
| BXMT Blackstone Mortgage Trust, Inc. Common Stock | $4,096,815 | 0.07% | 241,700 | $-531,740 | |||
| ASTL Algoma Steel Group Inc. - Common Shares | $3,745,971 | 0.07% | 924,931 | $-73,994 | |||
| OSG Octave Specialty Group, Inc. Common Stock | $3,614,420 | 0.07% | 579,234 | $920,982 | |||
| Unknown issuer (CUSIP: 530715AG6) | $2,146,304 | 0.04% | 47,700,000 | $39,211 | |||
| AQST Aquestive Therapeutics, Inc. - Common Stock | $1,910,339 | 0.03% | 459,216 | $4,593 | |||
| Unknown issuer (CUSIP: 04965N104) | $1,872,765 | 0.03% | 139,239 | $11,140 | |||
| TRTX TPG RE Finance Trust, Inc. Common Stock | $1,524,654 | 0.03% | 182,157 | $102,008 | |||
| Unknown issuer (CUSIP: 722304902) | $1,472,204 | 0.03% | 193 | Call option | $-499,870 | ||
| Unknown issuer (CUSIP: 722304952) | $1,472,204 | 0.03% | 193 | Put option | $-499,870 | ||
| PDD PDD Holdings Inc. - American Depositary Shares | $1,037,408 | 0.02% | 13,600 | $-147,880 | Up ×2 | ||
| AIRJW AirJoule Technologies Corporation - Warrant | $65,000 | 0.00% | 50,000 | $37,000 | |||
| TGEWS | $58,500 | 0.00% | 325,000 | $-3,250 | |||
| CRMLW Critical Metals Corp. - Warrants | $44,625 | 0.00% | 12,500 | $1,125 | |||
| GCTSWS | $36,750 | 0.00% | 75,000 | $23,175 | |||
| NUCLW Eagle Nuclear Energy Corp. - Warrants | $36,250 | 0.00% | 25,000 | $1,500 | |||
| BNAIW Brand Engagement Network Inc. - Warrant | $23,333 | 0.00% | 166,666 | $-20,000 | |||
| COCHW Envoy Medical, Inc. - Warrant | $13,055 | 0.00% | 262,156 | $-4,352 | |||
| BGLWW Blue Gold Limited - Warrant | $7,208 | 0.00% | 75,000 | $-7,792 | |||
| DAICW CID HoldCo, Inc. - Warrants | $769 | 0.00% | 62,500 | $-887 | |||
| TVGNW Tevogen Bio Holdings Inc. - Warrant | $710 | 0.00% | 12,500 | $286 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 464288903) | $1,760,147,697 | 220,101 | 31.81% |
| Unknown issuer (CUSIP: 464287955) | $414,741,180 | 13,804 | 7.50% |
| Unknown issuer (CUSIP: 12769G900) | $30,180,000 | 10,000 | 0.55% |
| CZR | $28,567,060 | 946,556 | 0.52% |
| Unknown issuer (CUSIP: 84615Q953) | $21,613,790 | 1,265 | 0.39% |
| SVC | $19,148,068 | 11,330,218 | 0.35% |
| FWRD | $18,980,375 | 1,404,913 | 0.34% |
| Unknown issuer (CUSIP: 84615Q903) | $12,558,210 | 735 | 0.23% |
| Unknown issuer (CUSIP: 84615Q103) | $7,918,507 | 46,345 | 0.14% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| — | Bought more | +5K | +$207.3M |
| GLD | Trimmed | -320K | -$176.9M |
| — | Bought more | +3K | +$145.8M |
| — | Bought more | +3K | +$52.7M |
| — | Bought more | +600 | +$32.2M |
| UNIT | Bought more | +280K | +$19.4M |
| ADT | Bought more | +1.0M | +$6.4M |
| ALVO | Bought more | +1.3M | +$5.6M |
| — | Bought more | +200 | -$5.0M |
| GNW | Price move only | +0 | +$964K |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IWM | June 30, 2026 | 62,365 | $1,546,652,000 | No longer tracked |
| FBTC | March 31, 2025 | 3,968,000 | $323,709,440 | No longer tracked |
| IVV | March 31, 2025 | 449,850 | $264,817,698 | No longer tracked |
| RSP | March 31, 2025 | 1,426,700 | $250,000,641 | No longer tracked |
| RSP | Dec. 31, 2025 | 529,100 | $100,370,270 | No longer tracked |
| IGV | June 30, 2026 | 2,000 | $16,010,000 | No longer tracked |
| GNW | Sept. 30, 2025 | 1,969,200 | $15,320,376 | 10.5% |
| TSLA | June 30, 2026 | 39,400 | $14,646,950 | -17.9% |
| UNITXXXX | Sept. 30, 2025 | 3,234,638 | $13,973,636 | No longer tracked |
| NVDA | Sept. 30, 2025 | 88,400 | $13,966,316 | 17.5% |
| IBIT | March 31, 2025 | 200,000 | $10,610,000 | |
| BSII | June 30, 2025 | 975,000 | $9,857,250 | No longer tracked |
| ARKK | March 31, 2025 | 143,000 | $8,118,110 | No longer tracked |
| AAM | March 31, 2026 | 600,000 | $6,402,000 | No longer tracked |
| TSLA | Sept. 30, 2025 | 15,200 | $4,828,432 | -22.4% |
| IWM | Dec. 31, 2025 | 16,080 | $3,890,717 | No longer tracked |
| MAGN | Dec. 31, 2025 | 316,854 | $3,713,529 | -21.2% |
| QQQ | June 30, 2025 | 6,810 | $3,193,345 | |
| HYG | June 30, 2026 | 37,500 | $2,983,500 | No longer tracked |
| AMC | June 30, 2026 | 2,751,699 | $2,696,665 | 36.6% |
| GENVR | March 31, 2026 | 579,230 | $2,618,120 | 511.5% |
| OPTU | June 30, 2026 | 1,765,918 | $2,295,693 | -40.7% |
| TSLA | March 31, 2025 | 5,000 | $2,019,200 | 33.2% |
| CCO | June 30, 2026 | 756,426 | $1,792,730 | -2.1% |
| AISPW | June 30, 2025 | 298,015 | $333,777 | |
| BSIIW | June 30, 2025 | 325,000 | $71,500 | No longer tracked |
| AAMWS | March 31, 2026 | 300,000 | $50,910 | No longer tracked |
| SVIWF | Dec. 31, 2025 | 25,000 | $32,500 | No longer tracked |
| SVIIR | Dec. 31, 2025 | 50,000 | $26,000 | No longer tracked |
| LSBPW | Sept. 30, 2025 | 232,323 | $9,270 | No longer tracked |
| AILWQ | March 31, 2025 | 286,528 | $5,731 | No longer tracked |
| VSTEW | June 30, 2025 | 75,000 | $2,543 | No longer tracked |
| CREVW | March 31, 2026 | 141,666 | $1,034 | No longer tracked |
| ALURWS | March 31, 2026 | 15,311 | $234 | No longer tracked |