BRIGADE CAPITAL MANAGEMENT, LP recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
399 PARK AVENUE NEW YORK, NY 10022
As of the latest 13F report, the guru’s equity portfolio contained 17 stocks valued at a total of $272.00Mil. The top holdings were VAL(15.25%), NE(4.99%), and CHK(4.02%).
According to GuruFocus data, these were BRIGADE CAPITAL MANAGEMENT, LP’s top five trades of the quarter.
iShares Russell 2000 ETF
The guru sold out of their 169,500-share investment in ARCA:IWM. Previously, the stock had a 3.25% weight in the equity portfolio. Shares traded for an average price of $177.2 during the quarter.
On 02/17/2023, iShares Russell 2000 ETF traded for a price of $193.1 per share and a market cap of $56.53Bil. The stock has returned -2.64% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 2000 ETF has a price-earnings ratio of 11.62 and a price-book ratio of 2.01.
Invesco Senior Loan ETF
The guru established a new position worth 410,000 shares in ARCA:BKLN, giving the stock a 3.09% weight in the equity portfolio. Shares traded for an average price of $20.35 during the quarter.
On 02/17/2023, Invesco Senior Loan ETF traded for a price of $21.08 per share and a market cap of $4.34Bil. The stock has returned 1.69% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
MagnaChip Semiconductor Corp
During the quarter, BRIGADE CAPITAL MANAGEMENT, LP bought 525,500 shares of NYSE:MX for a total holding of 599,000. The trade had a 1.82% impact on the equity portfolio. During the quarter, the stock traded for an average price of $9.67.
On 02/17/2023, MagnaChip Semiconductor Corp traded for a price of $9.74 per share and a market cap of $430.27Mil. The stock has returned -47.74% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, MagnaChip Semiconductor Corp has a price-earnings ratio of 11.20, a price-book ratio of 1.05, a price-earnings-to-growth (PEG) ratio of 0.92, a EV-to-Ebitda ratio of 3.04 and a price-sales ratio of 1.34.
The price-to-GF Value ratio is 0.88, earning the stock a GF Value rank of 7.
Noble Corp PLC
BRIGADE CAPITAL MANAGEMENT, LP reduced their investment in NYSE:NE by 315,145 shares. The trade had a 1.08% impact on the equity portfolio. During the quarter, the stock traded for an average price of $35.08.
On 02/17/2023, Noble Corp PLC traded for a price of $41.78 per share and a market cap of $5.62Bil. The stock has returned 0.00% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, Noble Corp PLC has a price-earnings ratio of 101.90, a price-book ratio of 1.90, a EV-to-Ebitda ratio of 106.07 and a price-sales ratio of 11.24.
SPDR Retail ETF
The guru sold out of their 111,000-share investment in ARCA:XRT. Previously, the stock had a 0.73% weight in the equity portfolio. Shares traded for an average price of $61.61 during the quarter.
On 02/17/2023, SPDR Retail ETF traded for a price of $71.23 per share and a market cap of $484.36Mil. The stock has returned -7.40% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, SPDR Retail ETF has a price-earnings ratio of 11.74 and a price-book ratio of 2.49.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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