Contrarian Capital Management, L.L.C.
Contrarian Capital Management, L.L.C., founded in 1995 and headquartered in Greenwich, Connecticut, is an alternative asset management firm specializing in global credit- and event-driven investing, including distressed securities, special situations, and emerging markets. The firm primarily serves institutional investors and employs approximately 49 professionals. Contrarian manages assets through a variety of commingled funds and separate accounts.
Investment Strategy
Contrarian Capital Management specializes in investing in distressed securities, special situations, and event-driven credit opportunities worldwide. The firm seeks value in financial assets that are trading at significant discounts due to credit or operational dislocation, typically through a bottom-up, fundamental analysis approach. Contrarian aims to deliver superior risk-adjusted returns by exploiting inefficiencies in global credit, restructuring markets, and complex situations where their specialized expertise can unlock value.
Latest 13F Filing Activity
Contrarian Capital Management, L.L.C. filed their most recent 13F report on Jun 30, 2025 disclosing 33 equity positions with a total 13F market value of $350M. The fund increased holdings in Algoma STL Group Inc., HSBC HLDGS PLC, Burford Cap LTD among other positions. Contrarian Capital Management, L.L.C. reduced exposure to Petroleo Brasileiro SA Petro, Petroleo Brasileiro SA Petro, Vale S A among others.
Top Holdings
Equity Positions (33)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HSBC | HSBC HLDGS PLC | 22.01% | $76.9M | 1,265,656 | $55.91 | $60.79 | +$4.3M |
G GGB | GERDAU SA | 15.93% | $55.7M | 19,069,112 | $3.01 | $2.92 | +$1.1M |
B BUR | BURFORD CAP LTD | 10.43% | $36.5M | 2,556,748 | $13.25 | $14.26 | +$3.9M |
V VALE | VALE S A | 9.87% | $34.5M | 3,551,171 | $10.61 | $9.71 | -$2.3M |
T TX | TERNIUM SA | 8.55% | $29.9M | 992,413 | $32.41 | $30.10 | -$1.1M |
Industry Allocation
Investment Team (20)
| Name | Role | Location | |
|---|---|---|---|
 | Managing Director and Head of Business Development | New York, NY , United States | |
B Brett Rowland | Co-Portfolio Manager | Greenwich, CT , United States | |
 | Vice President | New York, NY , United States | |
 | Managing Director | New York, NY , United States | |
 | Managing Director | New York, NY , United States | |
D David Steinhardt | Portfolio Manager | New York, NY , United States | |
 | Managing Director | New York, NY , United States | |
 | Partner | Greenwich, CT , United States | |
 | Partner | Greenwich, CT , United States | |
 | Vice President | New York, NY , United States |