CONTRARIAN CAPITAL MANAGEMENT, L.L.C.

CIK 0001050417 · Q2 2026

13F Equity AUM

$306.1M

-14.2% QoQ

Positions

-2 QoQ

AUM Rank

#6,506

Top 52%

Skill Alpha (FF)

-2.9%/yr^ns

No Clear Edge

Rank #6,807 · Top 82%

vs S&P -6.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 84.7%Top 10: 94.6%Top 20: 100.0%

RJET29.9%

GGB25.2%

TX13.8%

FUTU11.9%

AERO4.0%

BIDUN3.8%

CZR1.9%

M1.5%

VNOM1.5%

PCG1.1%

Others (9)5.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials39.4%

Industrials33.8%

Financial Services11.9%

Communication Services5.4%

Consumer Cyclical4.3%

Other5.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 19Median: 1.10%Avg: 5.26%

0–0.5%

3(0.9%)

0.5–1%

6(4.6%)

1–3%

4(6.0%)

3–5%

2(7.8%)

5%+

4(80.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 19vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased3Decreased2Exited3

New Positions

FUN0.7%

+100K

Increased

FUTU11.9%

+86K(+28%)

CZR1.9%

+27K(+17%)

VNOM1.5%

+25K(+29%)

Decreased

CCO0.8%

-1,307,614(-56%)

RJET29.9%

-98,454(-2%)

Exited

HBC2

-481,063

BABA

-305,862

CNR

-31,567

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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