Bracebridge Capital, LLC
13F Reported Value
ⓘ$3.7B
incl. option notional
Equity Holdings
ⓘ$556.2M
Option Notional
ⓘ$3.2B
$2.5B puts / $640.9M calls
Holdings
44
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Bracebridge Capital, LLC disclosed 44 positions worth $3.7B in its Form 13F-HR for Q1 2026 — $556.2M in common stock plus $3.2B of put/call option positions (reported at underlying notional value, not premium at risk), followed by $GLD and $GLD. During the quarter the fund opened 12 new positions and exited 7 and a full exit from $CORZ. The portfolio is most concentrated in Financials (75.3% of disclosed assets). All figures are sourced directly from Bracebridge Capital, LLC’s Form 13F-HR filing with the SEC under CIK 1426486.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
ISHARES TR PUT
—Quality
$1.5B62,365 sh- —
Quality
$424.4M9,862 sh - —
Quality
$410.3M953,450 sh SELECT SECTOR SPDR TR PUT
—Quality
$245.9M30,000 sh- —
Quality
$227.6M3,500 sh ISHARES TR PUT
—Quality
$214.8M27,000 shISHARES TR CALL
—Quality
$207.5M8,365 sh- —
Quality
$86.1M2,000 sh - —
Quality
$72.6M7,743,465 sh - 50.1
Quality
$53.0M1,425 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ISHARES TR PUT | — | $1.5B | 62,365 |
 SPDR GOLD TRUST$GLDPUT | — | $424.4M | 9,862 |
| SPDR GOLD TRUST$GLD | — | $410.3M | 953,450 |
| SELECT SECTOR SPDR TR PUT | — | $245.9M | 30,000 |
 SPDR S&P 500 ETF TRUST$SPYCALL | — | $227.6M | 3,500 |
| ISHARES TR PUT | — | $214.8M | 27,000 |
| ISHARES TR CALL | — | $207.5M | 8,365 |
| SPDR GOLD TRUST$GLDCALL | — | $86.1M | 2,000 |
 Uniti Group Inc.$UNIT | — | $72.6M | 7,743,465 |
 Tesla, Inc.$TSLACALL | 50.1 | $53.0M | 1,425 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Bracebridge Capital, LLC's 44 positions.
Showing top 10 of 44 holdings.
Sector Allocation
Financials
$418.8M
Communication Services
$77.7M
Industrials
$29.8M
Healthcare
$13.1M
Real Estate
$6.1M
Other
$5.2M
Materials
$3.9M
Technology
$1.8M
Full Holdings — Bracebridge Capital, LLC (Q1 2026)
All 44 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | ISHARES TR | $1.5B | — | +203% | — |
| 2 | $GLDPUT | SPDR GOLD TRUST | $424.4M | — | +4% | — |
| 3 | $GLD | SPDR GOLD TRUST | $410.3M | 73.8% | +139% | — |
| 4 | — | SELECT SECTOR SPDR TR | $245.9M | — | NEW | — |
| 5 | $SPYCALL | SPDR S&P 500 ETF TRUST | $227.6M | — | +11% | — |
| 6 | — | ISHARES TR | $214.8M | — | -79% | — |
| 7 | — | ISHARES TR | $207.5M | — | -44% | — |
| 8 | $GLDCALL | SPDR GOLD TRUST | $86.1M | — | -50% | — |
| 9 | $UNIT | Uniti Group Inc. | $72.6M | 13.1% | +12% | — |
| 10 | $TSLACALL | Tesla, Inc. | $53.0M | — | +30% | 50.1 |
| 11 | $TSLAPUT | Tesla, Inc. | $53.0M | — | NEW | 50.1 |
| 12 |  $CRMCALL | Salesforce, Inc. | $37.3M | — | NEW | 75.2 |
| 13 |  $WBDCALL | Warner Bros. Discovery, Inc. | $27.5M | — | NEW | 42.1 |
| 14 |  $ARCCPUT | ARES CAPITAL CORP | $24.1M | — | NEW | — |
| 15 | — | ISHARES TR | $16.0M | — | -90% | — |
| 16 | $TSLA | Tesla, Inc. | $14.6M | 2.6% | NEW | 50.1 |
| 17 |  $ADT | ADT Inc. | $14.0M | 2.5% | +0% | 66.2 |
| 18 |  $ALVO | Alvotech | $9.3M | 1.7% | +0% | — |
| 19 |  $GNW | GENWORTH FINANCIAL INC | $5.8M | 1.0% | NEW | 46.6 |
| 20 | — | INVESCO EXCH TRADED FD TR II | $5.1M | — | NEW | — |
| 21 |  $BXMT | BLACKSTONE MORTGAGE TRUST, INC. | $4.6M | 0.8% | +0% | — |
| 22 |  $ASTL | Algoma Steel Group Inc. | $3.8M | 0.7% | +0% | — |
| 23 | — | ISHARES TR | $3.0M | 0.5% | NEW | — |
| 24 |  $AMC | AMC ENTERTAINMENT HOLDINGS, INC. | $2.7M | 0.5% | NEW | 32.4 |
| 25 |  $OSG | OCTAVE SPECIALTY GROUP INC | $2.7M | 0.5% | +0% | 39 |
| 26 |  $OPTU | Optimum Communications, Inc. | $2.3M | 0.4% | -44% | 29.7 |
| 27 | — | LIBERTY MEDIA CORP DEL | $2.1M | 0.4% | +0% | — |
| 28 |  $PDDCALL | PDD Holdings Inc. | $2.0M | — | +0% | — |
| 29 | $PDDPUT | PDD Holdings Inc. | $2.0M | — | +0% | — |
| 30 |  $AQST | Aquestive Therapeutics, Inc. | $1.9M | 0.3% | +0% | 11.7 |
| 31 |  $RNA | Avidity Biosciences, Inc. | $1.9M | 0.3% | NEW | 22.3 |
| 32 |  $CCO | Clear Channel Outdoor Holdings, Inc. | $1.8M | 0.3% | +0% | 47.1 |
| 33 |  $TRTX | TPG RE Finance Trust, Inc. | $1.4M | 0.3% | +0% | — |
| 34 | $PDD | PDD Holdings Inc. | $1.2M | 0.2% | +29% | — |
| 35 |  $TGE | Generation Essentials Group | $61,750 | 0.0% | +0% | — |
| 36 |  $CRML | Critical Metals Corp. | $43,500 | 0.0% | +0% | — |
| 37 | — | BRAND ENGAGEMENT NETWORK INC | $43,333 | 0.0% | +0% | — |
| 38 | — | EAGLE NUCLEAR ENERGY CORP | $34,750 | 0.0% | NEW | — |
| 39 | — | AIRJOULE TECHNOLOGIES CORP | $28,000 | 0.0% | +0% | — |
| 40 |  $COCH | Envoy Medical, Inc. | $17,407 | 0.0% | +0% | — |
| 41 |  $BGL | Blue Gold Ltd | $15,000 | 0.0% | +0% | — |
| 42 | — | GCT SEMICONDUCTOR HLDG INC | $13,575 | 0.0% | +0% | — |
| 43 |  $DAIC | CID Holdco, Inc. | $1,656 | 0.0% | +0% | — |
| 44 | — | TEVOGEN BIO HLDGS INC | $424 | 0.0% | +0% | — |
New Positions (12)
$TSLAPUT Tesla, Inc.$53.0M$CRMCALL Salesforce, Inc.$37.3M$WBDCALL Warner Bros. Discovery, Inc.$27.5M$ARCCPUT ARES CAPITAL CORP$24.1M$TSLA Tesla, Inc.$14.6M$GNW GENWORTH FINANCIAL INC$5.8M$AMC AMC ENTERTAINMENT HOLDINGS, INC.$2.7M$RNA Avidity Biosciences, Inc.$1.9M
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