CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
CIK 1050417 · View on SEC EDGAR ↗
- Portfolio value
- $306.1M
- Positions
- 19
- As of
- June 30, 2026
#5,133 of 9,443 by 13F value · top 54.4%
Portfolio value QoQ: -14.2% 13F does not disclose cash
- Top 10 holdings weight
- 94.56%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 10
- Effective number of positions
- 5.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 3.65% Est. buys $12,085,241 · sells $86,595,291
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 37.3% still held
- New positions
- 1
- Increased
- 3
- Decreased
- 2
- Closed
- 3
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- 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.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +13.9% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 95.5% · Options excluded: 0.0%
Sector breakdown
Materials
39.4%
Industrials
33.8%
Financial Services
11.9%
Communication Services
5.4%
Consumer Discretionary
2.9%
Energy
2.3%
Retail
1.5%
Utilities
1.1%
Real Estate
0.9%
Packaging
0.6%
Diversified Consumer Services
0.1%
Full portfolio 19 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| RJET Republic Airways Holdings Inc. - Common Stock | $91,346,354 | 29.85% | 4,347,756 | $19,797,943 | Down ×1 | ||
| GGB Gerdau S.A. Common Stock | $77,039,212 | 25.17% | 19,069,112 | $8,199,718 | |||
| TX Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) | $42,376,035 | 13.85% | 992,413 | $2,530,653 | |||
| FUTU Futu Holdings Limited - American Depositary Shares | $36,428,395 | 11.90% | 388,611 | $-4,934,804 | Up ×1 | ||
| AERO Grupo Aeromexico, S.A.B. de C.V. American Depositary Shares (each representing ten (10) Common Shares) | $12,081,726 | 3.95% | 671,207 | $2,678,116 | |||
| BIDU Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share | $11,673,466 | 3.81% | 102,139 | $293,139 | |||
| CZR Caesars Entertainment, Inc. - Common Stock | $5,712,682 | 1.87% | 189,287 | $1,426,714 | Up ×2 | ||
| M Macy's Inc Common Stock | $4,710,000 | 1.54% | 200,000 | $1,092,000 | |||
| VNOM Viper Energy, Inc. - Class A Common Stock | $4,664,000 | 1.52% | 110,000 | $669,850 | Up ×3 | ||
| PCG Pacific Gas & Electric Co. Common Stock | $3,364,000 | 1.10% | 200,000 | $-150,000 | |||
| WY Weyerhaeuser Company Common Stock | $2,872,800 | 0.94% | 120,000 | $-58,800 | |||
| CCO Clear Channel Outdoor Holdings, Inc. Common Stock | $2,527,102 | 0.83% | 1,044,257 | $-3,046,832 | Down ×1 | ||
| NCMI National CineMedia, Inc. - Common Stock | $2,265,678 | 0.74% | 596,231 | $447,173 | |||
| NE Noble Corporation plc A Ordinary Shares | $2,238,000 | 0.73% | 60,000 | $-706,200 | |||
| FUN Six Flags Entertainment Corporation Common Stock New | $2,130,000 | 0.70% | 100,000 | Up ×1 | |||
| AMBP Ardagh Metal Packaging S.A. Ordinary Shares | $1,960,966 | 0.64% | 413,706 | $285,457 | |||
| CNTY Century Casinos, Inc. - Common Stock | $1,138,104 | 0.37% | 889,144 | $-97,806 | |||
| CLF Cleveland-Cliffs Inc. Common Stock | $1,079,850 | 0.35% | 115,000 | $108,100 | |||
| WW WW International, Inc. - Common Stock | $448,894 | 0.15% | 28,091 | $62,924 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VNOM | $4,664,000 | 1.52% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| FUN | $2,130,000 | 100,000 | 0.70% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| RJET | Trimmed | -98K | +$19.8M |
| GGB | Price move only | +0 | +$8.2M |
| FUTU | Bought more | +86K | -$4.9M |
| CCO | Trimmed | -1.3M | -$3.0M |
| AERO | Price move only | +0 | +$2.7M |
| TX | Price move only | +0 | +$2.5M |
| CZR | Bought more | +27K | +$1.4M |
| M | Price move only | +0 | +$1.1M |
| NE | Price move only | +0 | -$706K |
| VNOM | Bought more | +25K | +$670K |
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 |
|---|---|---|---|---|
| BUR | Dec. 31, 2025 | 4,044,998 | $48,378,176 | -51.6% |
| HSBC | June 30, 2026 | 481,063 | $39,682,887 | 9.6% |
| VALE | Dec. 31, 2025 | 3,551,171 | $38,565,717 | 11.3% |
| BABA | June 30, 2026 | 305,862 | $38,373,447 | 27.3% |
| PBR | Sept. 30, 2025 | 1,928,173 | $24,121,444 | 51.5% |
| ARCH | March 31, 2025 | 165,343 | $23,349,738 | No longer tracked |
| PBRA | June 30, 2025 | 1,434,306 | $18,703,350 | No longer tracked |
| ASTL | Dec. 31, 2025 | 2,037,686 | $7,243,974 | 15.4% |
| CNR | June 30, 2026 | 31,567 | $3,306,012 | 20.6% |
| UNIT | March 31, 2026 | 443,810 | $3,111,108 | 6.4% |
| BV | Dec. 31, 2025 | 197,000 | $2,639,800 | -10.7% |
| NWL | March 31, 2025 | 195,729 | $1,949,461 | -6.1% |
| PBI | Dec. 31, 2025 | 159,000 | $1,814,190 | 51.8% |
| VAL | March 31, 2026 | 31,434 | $1,584,274 | -8.5% |
| VNOMXXXX | Sept. 30, 2025 | 32,114 | $1,224,507 | No longer tracked |
| NATL | Dec. 31, 2025 | 28,500 | $1,120,335 | 22.5% |
| PRKS | Dec. 31, 2025 | 21,500 | $1,111,550 | 25.2% |
| ADV | March 31, 2026 | 1,000,000 | $880,000 | 61.2% |
| ALTG | March 31, 2025 | 100,000 | $654,000 | 36.9% |
| VYX | Dec. 31, 2025 | 48,000 | $602,400 | -25.0% |
| UNFI | Dec. 31, 2025 | 14,500 | $545,490 | 41.0% |
| SKIL | Dec. 31, 2025 | 41,500 | $540,330 | -12.4% |
| MBC | Dec. 31, 2025 | 33,000 | $434,610 | -17.4% |
| EEX | March 31, 2026 | 93,118 | $416,237 | No longer tracked |
| SABR | Dec. 31, 2025 | 225,000 | $411,750 | 52.2% |
| LESL | Sept. 30, 2025 | 887,112 | $372,498 | -88.8% |
| MAT | Dec. 31, 2025 | 22,000 | $370,260 | -25.6% |
| MAGN | Sept. 30, 2025 | 28,000 | $338,240 | 5.2% |
| HSIC | Dec. 31, 2025 | 5,000 | $331,850 | 16.9% |
| ON | Sept. 30, 2025 | 5,500 | $288,255 | 52.3% |
| CPRI | June 30, 2025 | 11,000 | $217,030 | -21.4% |