Bardin Hill Management Partners LP In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Bardin Hill Management Partners LP reported 5 stock positions worth $79.3 million . Its top holding was Nextdecade (NEXT) at 79.4% of the portfolio, followed by Ferroglobe (GSM, 10.1% ) and Clear Channel Outdoor Holdin (CCO, 4.2% ). Compared with Q2 2025, it opened 1 new position, sold out of 31, added to 1 and reduced 1. The biggest buy was Nextdecade (NEXT, shares +4% ) and the biggest sale an exit from Frontier Communications Pare (FYBR).
Location NEW YORK, NY
CIK 0001616416
Portfolio Value $79.3M (Q3 2025) Holdings 5 stocks · $79.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 NEXT Nextdecade Corp. 9,274,894 $63.0M Add +4.0% GSM Ferroglobe PLC 1,752,967 $8.0M No change CCO Clear Channel Outdoor Holdin 2,086,715 $3.3M Reduce -15.1% LTM Latam Airlines Group SA-ADR 65,709 $3.0M No change INDV Indivior Ltd. 87,611 $2.1M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $952K (not counted above) Total filed on the 13F, all lines: $80.3M.
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ FYBR Frontier Communications Pare Sold out 0.00% −8.00 K Kellanova Sold out 0.00% −6.63 EVRI Everi Holdings Inc. Sold out 0.00% −4.05 DNB Dun & Bradstreet Holdings Inc. Sold out 0.00% −3.85 TGI Triumph Group Inc. Sold out 0.00% −3.51 SWTX Springworks Therapeutics Inc. Sold out 0.00% −2.66 JBS JBS NV-A Sold out 0.00% −2.45 GLNG Golar LNG Ltd. Sold out 0.00% −1.99 SKX Skechers USA Inc. Class A Sold out 0.00% −1.94 AGS Playags Inc. Sold out 0.00% −1.57 AMED Amedisys Inc. Sold out 0.00% −1.37 HES Hess Corp. Sold out 0.00% −1.25 SAGE Sage Therapeutics Inc. Sold out 0.00% −0.70 INFA Informatica Inc. Class A Sold out 0.00% −0.34 BPMC Blueprint Medicines Corp. Sold out 0.00% −0.34 TMS Teamshares Inc. Sold out 0.00% −0.17 VLOS Velos Acquisition I Corp. Sold out 0.00% −0.16 DRDB Roman DBDR Acquisition Corp. Sold out 0.00% −0.16 NHIC Newhold Investment Cor III-A Sold out 0.00% −0.16 ONEN One Nuclear Energy Inc. Sold out 0.00% −0.16 SBXDF Silverbox Corp. IV-A Sold out 0.00% −0.16 AACB Artius II Acquisition Inc. Class A Sold out 0.00% −0.16 ALDF Aldel Financial II Inc. Sold out 0.00% −0.12 GPAT GP-Act III Acquisition-A Sold out 0.00% −0.11 BEAG Bold Eagle Acquisition Cor-A Sold out 0.00% −0.11 OACC Oaktree Acquisition Corp. I-A Sold out 0.00% −0.08 LEGT Legato Merger Corp. III Sold out 0.00% −0.08 HAYMAKER ACQUISITION CORP 4 Sold out 0.00% −0.04 CEPO Cantor Equity Partners I-A Sold out 0.00% −0.03 CCIX Churchill Capital Corp. Ix Sold out 0.00% −0.02 FRNM Freenome Inc. Sold out 0.00% −0.01 CCO Clear Channel Outdoor Holdin Reduce -15.1% 4.16% +2.34
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ NEXT Nextdecade Corp. Add +4.0% 79.38% +29.31 INDV Indivior Ltd. New 2.66% +2.66
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ AMED Amedisys Inc. put Sold out 42,100 $4.1Mbefore exit WBA Walgreens Boots Alliance Inc. put Sold out 176,700 $2.0Mbefore exit JNPR Juniper Networks Inc. put Sold out 40,400 $1.6Mbefore exit SOC Sable Offshore Corp. call Sold out 60,100 $1.3Mbefore exit DCH Dauch Corporation put Sold out 244,900 $999Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 0 $0 Q1 2026 0 $0 Q4 2025 0 $0 Q3 2025 5 $79.3M NEXT, GSM, CCO, LTM, INDV Q2 2025 35 $158.7M NEXT, FYBR, K, GSM, EVRI Q1 2025 24 $230.1M NEXT, SGI, ITCI, K, FYBR Q4 2024 26 $177.3M NEXT, K, HCP, GLNG, SPR Q3 2024 29 $187.7M NEXT, AXONICS INC, HCP, AMED, K Q2 2024 Amended 23 $179.5M NEXT, EDR, AMED, ACI, GSM Q1 2024 26 $230.5M NEXT, PXD, HOLI, EDR, LSXMK