Bracebridge Capital, LLC

CIK 0001426486 · Q2 2026

13F Equity AUM

$5.5B

+48.4% QoQ

Positions

-4 QoQ

AUM Rank

#1,439

Top 12%

Skill Alpha (FF)

+27.7%/yr^ns

No Clear Edge

Rank #87 · Top 1%

vs S&P +7.3%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 83.8%Top 10: 96.3%Top 20: 99.6%

ISHARES TR31.8%

ISHARES TR28.4%

GLD8.6%

ISHARES TR7.5%

GQ94.2%

TSLA3.6%

UNIT1.7%

TSLA1.5%

GLD1.5%

Others (28)3.7%

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

Sector Allocation

Fund75.2%

Unclassified15.1%

Financial Services4.4%

Real Estate2.1%

Consumer Cyclical2.1%

Other1.1%

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

Position Sizing

Positions: 38Median: 0.13%Avg: 2.63%

0–0.5%

26(2.6%)

0.5–1%

2(1.1%)

1–3%

3(4.7%)

3–5%

2(7.8%)

5%+

5(83.8%)

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

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 38vs 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.

Loading overlap analysis...

Position Changes This Quarter

New9Increased10Decreased1Exited13

New Positions

ISHARES TR31.8%

+220K

ISHARES TR7.5%

+14K

CAESARS ENTERTAINMEN…0.6%

+10K

CZR0.5%

+947K

SPACE EXPLORATION TE…0.4%

+1K

HPO0.3%

+11.3M

FWRD0.3%

+1.4M

SPACE EXPLORATION TE…0.2%

+735

SPACE EXPLORATION TE…0.1%

+46K

Increased

ALVOW0.3%

+1.3M(+49%)

ADT0.4%

+1.0M(+47%)

UNIT1.7%

+280K(+4%)

ISHARES TR28.4%

+170K(+628%)

ISHARES TR7.5%

+5K(+65%)

TSLA3.6%

+3K(+232%)

GLD8.6%

+3K(+31%)

PDD0.0%

+2K(+17%)

TSLA1.5%

+600(+42%)

GLD1.5%

+200(+10%)

Decreased

GQ94.2%

-320,000(-34%)

Exited

IWM

-62,365

SELECT SECTOR SPDR T…

-30,000

STATE STR SPDR S&amp…

-3,500

SALESFORCE INC

-2,000

-10,000

-13,350

-2,000

-39,400

INVESCO EXCH TRADED …

-2,500

HYG

-37,500

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

Loading position changes...

Holdings

Loading holdings...