Bracebridge Capital, LLC
CIK 0001426486
Annualised vol
3.050901%
Beta
0.092442
HHI
2044.886158
Top-10 weight
96.310383%
VaR 95%
0.280244%
VaR 99%
0.477244%
Max drawdown
5.496954%
Matched value
5.95408%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| TSLA | REDUCED | 6,750 | 42,250 | -84.02% | 283,905,000 |
| UNIT | ADDED | 8,023,590 | 7,743,465 | 3.62% | 92,030,577 |
| FWRD | NEW | 1,404,913 | - | - | 18,980,375 |
| ALVO | ADDED | 4,038,637 | 2,705,304 | 49.29% | 14,902,571 |
| PDD | ADDED | 13,986 | 11,986 | 16.69% | 3,981,816 |
| OSG | UNCHANGED | 579,234 | 579,234 | 0.0% | 3,614,420 |
| AQST | UNCHANGED | 459,216 | 459,216 | 0.0% | 1,910,339 |
| RNA | UNCHANGED | 139,239 | 139,239 | 0.0% | 1,872,765 |
| AIRJ | UNCHANGED | 50,000 | 50,000 | 0.0% | 65,000 |
| TGE | UNCHANGED | 325,000 | 325,000 | 0.0% | 58,500 |
| CRML | UNCHANGED | 12,500 | 12,500 | 0.0% | 44,625 |
| NUCL | UNCHANGED | 25,000 | 25,000 | 0.0% | 36,250 |
| BNAI | UNCHANGED | 166,666 | 166,666 | 0.0% | 23,333 |
| COCH | UNCHANGED | 262,156 | 262,156 | 0.0% | 13,055 |
| BGL | UNCHANGED | 75,000 | 75,000 | 0.0% | 7,208 |
| DAIC | UNCHANGED | 62,500 | 62,500 | 0.0% | 769 |
| OPTU | CLOSED OUT | 0 | 1,765,918 | -100.0% | 0 |
| ARCC | CLOSED OUT | 0 | 13,350 | -100.0% | 0 |
| WBD | CLOSED OUT | 0 | 10,000 | -100.0% | 0 |
| CRM | CLOSED OUT | 0 | 2,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | ISHARES TR | CALL | 464288903 | 1,760,147,697 | 31.81 | 220101.0 | |
| - | ISHARES TR | PUT | 464288953 | 1,571,466,479 | 28.4 | 196507.0 | |
| - | SPDR GOLD TR | PUT | 78463V957 | 477,052,100 | 8.62 | 12950.0 | |
| - | ISHARES TR | PUT | 464287955 | 414,741,180 | 7.5 | 13804.0 | |
| - | ISHARES TR | CALL | 464287905 | 414,741,180 | 7.5 | 13804.0 | |
| - | SPDR GOLD TR | GOLD SHS | 78463V107 | 233,350,311 | 4.22 | 633450.0 | |
| TSLA | REDUCED | TESLA INC | CALL | 88160R901 | 198,733,500 | 3.59 | 4725.0 |
| UNIT | ADDED | UNITI GROUP LLC | COM SHS | 912932100 | 92,030,577 | 1.66 | 8023590.0 |
| TSLA | REDUCED | TESLA INC | PUT | 88160R951 | 85,171,500 | 1.54 | 2025.0 |
| - | SPDR GOLD TR | CALL | 78463V907 | 81,043,600 | 1.46 | 2200.0 | |
| - | CAESARS ENTERTAINMENT INC NE | CALL | 12769G900 | 30,180,000 | 0.55 | 10000.0 | |
| - | CAESARS ENTERTAINMENT INC NE | COM | 12769G100 | 28,567,060 | 0.52 | 946556.0 | |
| - | SPACE EXPLORATION TECHN CORP | PUT | 84615Q953 | 21,613,790 | 0.39 | 1265.0 | |
| - | ADT INC DEL | COM | 00090Q103 | 20,319,000 | 0.37 | 3126000.0 | |
| - | SERVICE PPTYS TR | COM SH BEN INT | 81761L102 | 19,148,068 | 0.35 | 1.1330218E7 | |
| FWRD | NEW | FORWARD AIR CORP | COM | 34986A104 | 18,980,375 | 0.34 | 1404913.0 |
| ALVO | ADDED | ALVOTECH | ORDINARY SHARES | L01800108 | 14,902,571 | 0.27 | 4038637.0 |
| - | SPACE EXPLORATION TECHN CORP | CALL | 84615Q903 | 12,558,210 | 0.23 | 735.0 | |
| - | SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | 7,918,507 | 0.14 | 46345.0 | |
| - | GENWORTH FINL INC | COM SHS | 37247D106 | 6,765,254 | 0.12 | 714388.0 | |
| - | BLACKSTONE MORTGAGE TRUST IN | COM CL A | 09257W100 | 4,096,815 | 0.07 | 241700.0 | |
| - | ALGOMA STL GROUP INC | COM | 015658107 | 3,745,971 | 0.07 | 924931.0 | |
| OSG | UNCHANGED | OCTAVE SPECIALTY GROUP INC | COM NEW | 023139884 | 3,614,420 | 0.07 | 579234.0 |
| - | LIBERTY MEDIA CORP DEL | DEB | 530715AG6 | 2,146,304 | 0.04 | 4.77E7 | |
| AQST | UNCHANGED | AQUESTIVE THERAPEUTICS INC | COM | 03843E104 | 1,910,339 | 0.03 | 459216.0 |
| RNA | UNCHANGED | ATRIUM THERAPEUTICS INC | COM | 04965N104 | 1,872,765 | 0.03 | 139239.0 |
| - | TPG RE FIN TR INC | COM | 87266M107 | 1,524,654 | 0.03 | 182157.0 | |
| PDD | ADDED | PDD HOLDINGS INC | PUT | 722304952 | 1,472,204 | 0.03 | 193.0 |
| PDD | ADDED | PDD HOLDINGS INC | CALL | 722304902 | 1,472,204 | 0.03 | 193.0 |
| PDD | ADDED | PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 1,037,408 | 0.02 | 13600.0 |
| AIRJ | UNCHANGED | AIRJOULE TECHNOLOGIES CORP | W EXP 03/15/202 | 612160119 | 65,000 | 0.0 | 50000.0 |
| TGE | UNCHANGED | GENERATION ESSENTIALS GROUP | W EXP 02/15/202 | G38268119 | 58,500 | 0.0 | 325000.0 |
| CRML | UNCHANGED | CRITICAL METALS CORP | W EXP 02/27/202 | G2662B111 | 44,625 | 0.0 | 12500.0 |
| - | GCT SEMICONDUCTOR HLDG INC | W EXP 03/01/202 | 36170N115 | 36,750 | 0.0 | 75000.0 | |
| NUCL | UNCHANGED | EAGLE NUCLEAR ENERGY CORP | W EXP 02/25/203 | 269710117 | 36,250 | 0.0 | 25000.0 |
| BNAI | UNCHANGED | BRAND ENGAGEMENT NETWORK INC | W EXP 03/14/202 | 104932116 | 23,333 | 0.0 | 166666.0 |
| COCH | UNCHANGED | ENVOY MEDICAL INC | W EXP 09/29/202 | 29415V117 | 13,055 | 0.0 | 262156.0 |
| BGL | UNCHANGED | BLUE GOLD LTD | W EXP 04/01/203 | G1331C112 | 7,208 | 0.0 | 75000.0 |
| DAIC | UNCHANGED | CID HOLDCO INC | W EXP 12/31/202 | 171756117 | 769 | 0.0 | 62500.0 |
| - | TEVOGEN BIO HLDGS INC | W EXP 02/14/202 | 88165K119 | 710 | 0.0 | 12500.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 5,532,610,243 | 40 | 3.050901 | 0.092442 | 5.496954 |
| 2026-03-31 | 2026-05-15 | 3,728,981,932 | 44 | 2.219978 | 0.077106 | 4.725492 |
| 2025-12-31 | 2026-02-17 | 3,116,653,298 | 38 | 0.963615 | 0.029707 | 1.741397 |
| 2025-09-30 | 2025-11-14 | 1,905,346,206 | 36 | 0.174605 | 0.002292 | 0.465175 |
| 2025-03-31 | 2025-05-15 | 1,477,491,017 | 38 | 1.614547 | 0.059171 | 2.897927 |
| 2024-12-31 | 2025-02-14 | 1,413,777,666 | 41 | 0.803053 | 0.02327 | 1.398666 |