Contrarian Capital Management, L.L.C is an investment fund managing more than $318 billion ran by Jon Bauer. There are currently 27 companies in Mr. Bauer’s portfolio. The largest investments include Gerdau Sa and Petroleo Brasileiro Sa Petro, together worth $127 billion.
As of 6th August 2024, Contrarian Capital Management, L.L.C’s top holding is 20,276,940 shares of Gerdau Sa currently worth over $66.9 billion and making up 21.0% of the portfolio value.
In addition, the fund holds 4,140,000 shares of Petroleo Brasileiro Sa Petro worth $60 billion.
The third-largest holding is Arch Resources Inc worth $55.7 billion and the next is Ternium Sa worth $39.9 billion, with 1,062,813 shares owned.
Currently, Contrarian Capital Management, L.L.C's portfolio is worth at least $318 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Contrarian Capital Management, L.L.C office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Jon Bauer serves as the Managing Member at Contrarian Capital Management, L.L.C.
In the most recent 13F filing, Contrarian Capital Management, L.L.C revealed that it had opened a new position in
Caesars Entertainment Inc Ne and bought 79,925 shares worth $3.18 billion.
The investment fund also strengthened its position in Gerdau Sa by buying
2,036,655 additional shares.
This makes their stake in Gerdau Sa total 20,276,940 shares worth $66.9 billion.
On the other hand, there are companies that Contrarian Capital Management, L.L.C is getting rid of from its portfolio.
Contrarian Capital Management, L.L.C closed its position in Delta Air Lines on 13th August 2024.
It sold the previously owned 71,298 shares for $2.87 billion.
Jon Bauer also disclosed a decreased stake in Petroleo Brasileiro Sa Petro by approximately 0.1%.
This leaves the value of the investment at $60 billion and 4,140,000 shares.
The two most similar investment funds to Contrarian Capital Management, L.L.C are Kerrisdale Advisers and Brown Shipley& Co Ltd. They manage $318 billion and $318 billion respectively.
Contrarian Capital Management, L.L.C’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Energy — making up 19.2% of
the total portfolio value.
The fund focuses on investments in the United States as
48.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
4% of the total holdings value.
On the other hand, small-cap stocks make up only 3.7% of the portfolio.
The average market cap of the portfolio companies is close to $6.4 billion.
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Gerdau Sa |
11.17%
20,276,940
|
$66,913,902,000 | 21.02% |
| Petroleo Brasileiro Sa Petro |
8.87%
4,140,000
|
$59,976,532,000 | 18.84% |
| Arch Resources Inc |
8.14%
365,910
|
$55,702,479,000 | 17.50% |
| Ternium Sa |
4.93%
1,062,813
|
$39,908,628,000 | 12.53% |
| Algoma Stl Group Inc |
14.37%
3,822,915
|
$26,607,488,000 | 8.36% |
| Vale S.A. |
4.04%
2,161,732
|
$24,146,546,000 | 7.58% |
| National Cinemedia Inc |
27.17%
1,122,187
|
$4,926,401,000 | 1.55% |
| Emerald Holding Inc |
1.27%
730,424
|
$4,156,113,000 | 1.31% |
| Advantage Solutions Inc. |
No change
1,269,631
|
$4,088,212,000 | 1.28% |
| Macys Inc |
7.02%
198,194
|
$3,805,325,000 | 1.20% |
| Clear Channel Outdoor Hldgs |
14.65%
2,562,614
|
$3,613,286,000 | 1.13% |
| BrightView Holdings Inc |
16.34%
249,621
|
$3,319,959,000 | 1.04% |
| Caesars Entertainment Inc Ne |
Opened
79,925
|
$3,176,220,000 | 1.00% |
| Valaris Ltd |
25.45%
39,434
|
$2,937,833,000 | 0.92% |
| Delta Air Lines, Inc. |
Closed
71,298
|
$2,868,319,000 | |
| Viper Energy Inc |
No change
67,557
|
$2,535,414,000 | 0.80% |
| Century Casinos Inc. |
No change
889,144
|
$2,462,929,000 | 0.77% |
| Ardagh Metal Packaging S A |
No change
638,400
|
$2,170,560,000 | 0.68% |
| Alta Equipment Group Inc |
259.28%
258,679
|
$2,079,779,000 | 0.65% |
| Warner Bros.Discovery Inc |
Closed
167,000
|
$1,900,460,000 | |
| iHeartMedia, Inc. |
Closed
613,730
|
$1,638,659,000 | |
| Noble Corp Plc |
Closed
31,437
|
$1,514,006,000 | |
| Pitney Bowes, Inc. |
16.73%
204,000
|
$1,036,320,000 | 0.33% |
| Safeguard Scientifics, Inc. |
Closed
1,199,204
|
$940,776,000 | |
| Frontier Communications Pare |
18.33%
35,500
|
$929,390,000 | 0.29% |
| United Parks & Resorts Inc. |
32.00%
16,500
|
$896,115,000 | 0.28% |
| PlayAGS Inc |
26.86%
74,598
|
$857,877,000 | 0.27% |
| Ncr Atleos Corporation |
5.13%
20,500
|
$553,910,000 | 0.17% |
| Skillsoft Corp |
Opened
38,950
|
$538,679,000 | 0.17% |
| Ncr Voyix Corporation |
5.88%
36,000
|
$444,600,000 | 0.14% |
| Albertsons Cos Inc |
Closed
19,000
|
$437,000,000 | |
| Glatfelter Corporation |
Opened
233,074
|
$323,973,000 | 0.10% |
| Emergent Biosolutions Inc |
Opened
40,000
|
$272,800,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 33 holdings | |||