Contrarian Capital Management, L.L.C. reported 19 positions worth $306.06M for the quarter ended Jun 30, 2026, down 14.2% on the prior quarter. It opened 1 new position, added to 3, trimmed 2 and exited 3. Its largest holding is Republic Airways Holdings Inc. at 29.8% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HSBC Hsbc Holdings Plc | -481.1K | -100.0% | $39.68M | Exited |
| BABA Alibaba Group Holding Ltd | -305.9K | -100.0% | $38.37M | Exited |
| CNR Core Natural Resources, Inc. | -31.6K | -100.0% | $3.31M | Exited |
| CCO Clear Channel Outdoor Holdings, Inc. | -1.31M | -55.6% | $3.16M | 0.826% |
| RJET Republic Airways Holdings Inc. | -98.5K | -2.2% | $2.07M | 29.85% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| FUN Six Flags Entertainment Corporation | +100.0K | $2.13M | 0.696% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | RJET Republic Airways Holdings Inc. | Industrials | 4.35M | $91.35M | 29.85% | -98.5K | -2.2% | Reduced | 9.47% |
| 2 | GGB Gerdau S.A. | Basic Materials | 19.07M | $77.04M | 25.17% | 0 | 0.0% | Unchanged | 0.95% |
| 3 | TX Ternium S.A. | Basic Materials | 992.4K | $42.38M | 13.85% | 0 | 0.0% | Unchanged | 0.05% |
| 4 | FUTU Futu Holdings Ltd | Financial Services | 388.6K | $36.43M | 11.9% | +86.2K | +28.5% | Added | 0.28% |
| 5 | AERO Grupo Aeromexico, S.A.B. de C.V. | Industrials | 671.2K | $12.08M | 3.95% | 0 | 0.0% | Unchanged | 0.46% |
| 6 | BIDU Baidu, Inc. | Technology | 102.1K | $11.67M | 3.81% | 0 | 0.0% | Unchanged | 0.03% |
| 7 | CZR Caesars Entertainment, Inc. | Consumer Discretionary | 189.3K | $5.71M | 1.87% | +27.1K | +16.7% | Added | 0.09% |
| 8 | M Macy's, Inc. | Consumer Discretionary | 200.0K | $4.71M | 1.54% | 0 | 0.0% | Unchanged | 0.08% |
| 9 | VNOM Viper Energy, Inc. | Energy | 110.0K | $4.66M | 1.52% | +25.0K | +29.4% | Added | 0.06% |
| 10 | PCG PG&E Corp | Utilities | 200.0K | $3.36M | 1.1% | 0 | 0.0% | Unchanged | 0.01% |
| 11 | WY Weyerhaeuser Co | Basic Materials | 120.0K | $2.87M | 0.939% | 0 | 0.0% | Unchanged | 0.02% |
| 12 | CCO Clear Channel Outdoor Holdings, Inc. | Real Estate | 1.04M | $2.53M | 0.826% | -1.31M | -55.6% | Reduced | 0.21% |
| 13 | NCMI National CineMedia, Inc. | Communication Services | 596.2K | $2.27M | 0.74% | 0 | 0.0% | Unchanged | 0.64% |
| 14 | NE Noble Corp plc | Energy | 60.0K | $2.24M | 0.731% | 0 | 0.0% | Unchanged | 0.04% |
| 15 | FUN Six Flags Entertainment Corporation | Consumer Discretionary | 100.0K | $2.13M | 0.696% | +100.0K | – | New | 0.1% |
Tip. Select a row to see that position’s full history at Contrarian Capital Management, L.L.C.
As of its Q2 2026 13F filing, Contrarian Capital Management, L.L.C.’s five largest positions were Republic Airways Holdings Inc. (RJET) at 29.8%, Gerdau S.A. (GGB) at 25.2%, Ternium S.A. (TX) at 13.8%, Futu Holdings Ltd (FUTU) at 11.9%, Grupo Aeromexico, S.A.B. de C.V. (AERO) at 3.9% of the reported portfolio.
Contrarian Capital Management, L.L.C. reported a 13F portfolio worth $306.06M across 19 positions for Q2 2026. That is down 14.2% from the previous quarter.
Its largest purchases by value were Futu Holdings Ltd ($8.08M), Six Flags Entertainment Corporation ($2.13M), Viper Energy, Inc. ($1.06M). It opened 1 new positions.
Its largest sales by value were Hsbc Holdings Plc ($39.68M), Alibaba Group Holding Ltd ($38.37M), Core Natural Resources, Inc. ($3.31M). It exited 3 positions entirely.
From the Form 13F-HR reports Contrarian Capital Management, L.L.C. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.