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Livermore
Livermore
ZHEN

Bracebridge Capital, LLC

SEC CIK
0001426486
Latest filing
Aug 14, 2026

The latest 13F from Bracebridge Capital, LLC covers Q2 2026 (filed Aug 14, 2026): 27 long positions worth $462.2M. The top 10 holdings make up 96.5% of the portfolio, and the largest is SPDR Gold Trust (GLD) at 50.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$74.6M
Added
4
Est. +$14.8M
Reduced
1
Est. −$117.9M
Sold out
5
Est. −$24.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. GLDSPDR Gold Trust
    50.5%$233.4MHistory
  2. UNITUniti Group Inc.
    19.9%$92.0MHistory
  3. CZRCaesars Entertainment, Inc.
    6.2%$28.6MHistory
  4. ADTADT Inc.
    4.4%$20.3MHistory
  5. SVCService Properties Trust
    4.1%$19.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. CZRCaesars Entertainment, Inc.
    +$28.6MNewHistory
  2. SVCService Properties Trust
    +$19.1MNewHistory
  3. FWRDForward Air Corp
    +$19.0MNewHistory
  4. SPCXSpace Exploration Technologies Corp
    +$7.92MNewHistory
  5. ADTADT Inc.
    +$6.50MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. UNITUniti Group Inc.
    +6.85 pp13.1% → 19.9%History
  2. CZRCaesars Entertainment, Inc.
    +6.18 pp0.0% → 6.2%History
  3. SVCService Properties Trust
    +4.14 pp0.0% → 4.1%History
  4. FWRDForward Air Corp
    +4.11 pp0.0% → 4.1%History
  5. ADTADT Inc.
    +1.88 pp2.5% → 4.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GLDSPDR Gold Trust
    −$117.9MReducedHistory
  2. TSLATesla, Inc.
    −$14.6MSold outHistory
  3. iShares Tr464288513
    −$2.98MSold out
  4. AMCAMC Entertainment Holdings, Inc.
    −$2.70MSold outHistory
  5. OPTUOptimum Communications, Inc.
    −$2.30MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GLDSPDR Gold Trust
    −23.27 pp73.8% → 50.5%History
  2. TSLATesla, Inc.
    −2.63 pp2.6% → 0.0%History
  3. iShares Tr464288513
    −0.54 pp0.5% → 0.0%
  4. AMCAMC Entertainment Holdings, Inc.
    −0.48 pp0.5% → 0.0%History
  5. OPTUOptimum Communications, Inc.
    −0.41 pp0.4% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$462.2M
−$94.0M (−16.9%) vs. prior quarter
Positions
27
−1 vs. prior quarter
Top 10 concentration
96.5%
Top 10 as share of value
Turnover
17.6%
Q2 2026, one quarter
Average holding period
4.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.01B (Q4 2024)

Q1 2021: $201.1MQ2 2021: $251.9MQ3 2021: $278.9MQ4 2021: $331.9MQ1 2022: $290.8MQ2 2022: $306.1MQ3 2022: $273.0MQ4 2022: $263.4MQ1 2023: $176.9MQ2 2023: $125.5MQ3 2023: $111.7MQ4 2023: $125.2MQ1 2024: $521.8MQ2 2024: $199.0MQ3 2024: $262.9MQ4 2024: $1.01BQ1 2025: $158.2MQ2 2025: $188.0MQ3 2025: $239.8MQ4 2025: $275.2MQ1 2026: $556.2MQ2 2026: $462.2M
Q1 2021Q2 2026
13F filings of Bracebridge Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202627$462.2MGLDUNITCZRvs. Q1 2026SEC
Q1 2026May 15, 202628$556.2MGLDUNITTSLAvs. Q4 2025SEC
Q4 2025Feb 17, 202627$275.2MGLDUNITADTvs. Q3 2025SEC
Q3 2025Nov 14, 202530$239.8MInvesco Exchange Traded FD TUNITALVOvs. Q2 2025SEC
Q2 2025Aug 14, 202531$188.0MiShares Russell 2000 ETFALVOOPTUvs. Q1 2025SEC
Q1 2025May 15, 202531$158.2MALVOOPTUADTvs. Q4 2024SEC
Q4 2024Feb 14, 202535$1.01BFBTCiShares Core S&P 500 ETFInvesco Exchange Traded FD Tvs. Q3 2024SEC
Q3 2024Nov 14, 202437$262.9MARKBALVOLiberty Media Corpvs. Q2 2024SEC
Q2 2024Aug 14, 202436$199.0MARKBALVOLiberty Media Corpvs. Q1 2024SEC
Q1 2024May 10, 202438$521.8MARKBIBITALVOvs. Q4 2023SEC
Q4 2023Feb 12, 202438$125.2MALVODISH Network CORPOSGvs. Q3 2023SEC
Q3 2023Nov 14, 202345$111.7MALVODISH Network CORPLiberty Media Corpvs. Q2 2023SEC
Q2 2023Aug 14, 202359$125.5MALVODISH Network CORPLiberty Media Corpvs. Q1 2023SEC
Q1 2023May 12, 202370$176.9MALVOGOOGMNKTQvs. Q4 2022SEC
Q4 2022Feb 10, 202380$263.4MALVOLiberty Media CorpMNKTQvs. Q3 2022SEC
Q3 2022Nov 1, 202292$273.0MALVOLiberty Media CorpOSGvs. Q2 2022SEC
Q2 2022Aug 8, 202294$306.1MALVOLiberty Media CorpASTLvs. Q1 2022SEC
Q1 2022May 11, 202293$290.8MLiberty Media CorpASTLDISH Network CORPvs. Q4 2021SEC
Q4 2021Feb 14, 202288$331.9MLiberty Media CorpASTLUNITvs. Q3 2021SEC
Q3 2021Nov 12, 202162$278.9MLiberty Media CorpUNITDISH Network CORPvs. Q2 2021SEC
Q2 2021Aug 12, 202158$251.9MLiberty Media CorpDISH Network CORPUNITvs. Q1 2021SEC
Q1 2021May 17, 202154$201.1MLiberty Media CorpDISH Network CORPOSG–SEC

13D and 13G filings

Companies where Bracebridge Capital, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Bracebridge Capital, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
FWRDForward Air Corp13G5.10%1.61M sharesNewJul 28, 20261 filingJul 28, 2026SEC

Latest filings

13 filings on file made by Bracebridge Capital, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Bracebridge Capital, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
FWRDForward Air CorpJul 28, 20264:30 PM ET13G5.10%1.61M sharesNewJul 23, 2026SEC
MNKTQKeenova Therapeutics plcNov 21, 202413D/AOld format–––SEC
EACEdify Acquisition Corp.Feb 8, 202413G/AOld format–––SEC
MNKTQKeenova Therapeutics plcNov 17, 202313D/AOld format–––SEC
MNKTQKeenova Therapeutics plcAug 25, 202313D/AOld format–––SEC
MNKTQKeenova Therapeutics plcJun 16, 202313DOld format–––SEC
EACEdify Acquisition Corp.Jun 15, 202313GOld format–New–SEC
QTNTQuotient LtdFeb 22, 202313D/AOld format–––SEC
QTNTQuotient LtdDec 15, 202213DOld format–New–SEC
CRXTClarus Therapeutics Holdings, Inc.Jul 6, 202213G/AOld format–––SEC
MNKTQKeenova Therapeutics plcJun 27, 202213GOld format–New–SEC
CRXTClarus Therapeutics Holdings, Inc.Feb 14, 202213G/AOld format–––SEC
CRXTClarus Therapeutics Holdings, Inc.Sep 17, 202113GOld format–New–SEC