CONTRARIAN CAPITAL MANAGEMENT, L.L.C. files a Form 13F with the SEC every quarter, offering a snapshot of the U.S.-listed equity positions held by the firm at quarter end. This page tracks those disclosures over time, building a running record of what the fund has been buying, trimming, and exiting. Because 13F filings report holdings as of a single quarterly snapshot rather than individual trade dates, the moves below reflect changes observed during the quarter ending 2026-03-31, not specific transaction days.
Quarter Ending 2026-03-31 Highlights
The most notable new addition was FUTU HLDGS LTD (FUTU), where the fund opened a fresh position worth $41,363,199, joining a handful of Asia-focused names already in the portfolio. Existing Asia exposure also shifted: the position in ALIBABA GROUP HLDG LTD grew 58%, from $24,301,058 to $38,373,447, while HSBC HLDGS PLC (HSBC) was cut sharply, down 60% from $99,569,158 to $39,682,887. BAIDU INC (BIDU) was trimmed 15%, from $13,345,482 to $11,380,327, and TERNIUM SA edged up 5%, from $37,900,252 to $39,845,382.
Elsewhere, the fund reduced several long-standing positions during the quarter. REPUBLIC AWYS HLDGS INC declined 12%, from $81,676,878 to $71,548,411, and GRUPO AEROMEXICO SAB DE CV fell 36%, from $14,739,706 to $9,403,610. Smaller reductions touched NATIONAL CINEMEDIA INC (NCMI), down 37% to $1,818,505; CLEVELAND-CLIFFS INC NEW (CLF), down 36% to $971,750; and MACYS INC, down 18% to $3,618,000.
On the buying side beyond the Asia names, VIPER ENERGY INC (VNOM) more than doubled, up 143% from $1,642,393 to $3,994,150, while NOBLE CORP PLC (NE) rose 74%, WEYERHAEUSER CO (WY) rose 63%, and CAESARS ENTERTAINMENT INC NE climbed 47%. CORE NATURAL RESOURCES INC (CNR) increased 18%, and CLEAR CHANNEL OUTDOOR HLDGS (CCO) added 7%.
Four positions were exited entirely during the quarter: UNITI GROUP LLC (UNIT), previously worth $3,111,108; VALARIS LTD (VAL), previously worth $1,584,274; ADVANTAGE SOLUTIONS INC (ADV), previously worth $880,000; and EMERALD HOLDING INC (EEX), previously worth $416,237.
What to Watch Next Quarter
As with any 13F-based tracker, these figures capture positioning at a single point in time rather than the reasoning behind each move. This profile will be refreshed as new filings become available, adding each quarter’s changes to the record so readers can follow how CONTRARIAN CAPITAL MANAGEMENT, L.L.C.’s portfolio evolves over multiple periods. This content is for informational purposes only and should not be read as a recommendation to buy or sell any security.
Related ticker coverage
- FUTU — all coverage →
- HSBC — all coverage →
- UNIT — all coverage →
- VNOM — all coverage →
- VAL — all coverage →
- BIDU — all coverage →
- NCMI — all coverage →
- WY — all coverage →
- NE — all coverage →
- ADV — all coverage →
- CLF — all coverage →
- CNR — all coverage →
- EEX — all coverage →
- CCO — all coverage →
Source: SEC Form 13F filings. This page updates every quarter.