Bracebridge Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Bracebridge Capital, LLC reported 10 stock positions worth $182.1 million. Its top holding was ARK 21SHARES Bitcoin ETF (ARKB) at 61.6% of the portfolio, followed by Alvotech (ALVO, 18.1%) and Adt (ADT, 6.3%). Compared with Q1 2024, it opened 2 new positions, sold out of 3, added to 1 and reduced 2. The biggest buy was a new position in Uniti Group LLC Com SHS (UNIT) and the biggest sale an exit from iShares Bitcoin Trust ETF (IBIT).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001426486
Portfolio Value
$182.1M (Q2 2024)
SEC Filing
0001426486-24-000004 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $501.4M Q1 2024 Q2 2024: $182.1M $182.1M Q2 2024 Q3 2024: $245.7M Q3 2024 Q4 2024: $995.7M Q4 2024 Q1 2025: $144.4M Q1 2025 Q2 2025: $181.3M Q2 2025 Q3 2025: $228.7M Q3 2025 Q4 2025: $269.4M Q4 2025 Q1 2026: $553.9M Q1 2026 Q2 2026: $459.8M Q2 2026

Holdings 10 stocks · $182.1M
ARKB ARK 21SHARES Bitcoin ETF 61.60% 1,870,151 $112.2M Reduce -56.8%
ALVO Alvotech SA 18.07% 2,705,304 $32.9M No change
ADT Adt Inc. 6.26% 1,500,000 $11.4M No change
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 4.08% 579,234 $7.4M Reduce -27.5%
UNIT Uniti Group LLC Com SHS 3.90% 2,432,038 $7.1M New
BXMT Blackstone Mortgage Tru Class A 2.43% 254,200 $4.4M Add +22.2%
ASTL Algoma Steel Group Inc. 1.86% 487,931 $3.4M No change
AQST Aquestive Therapeutics Inc. 0.61% 428,571 $1.1M No change
IHRT Iheartmedia Inc. Class A 0.60% 1,008,456 $1.1M New
CCO Clear Channel Outdoor Holdin 0.59% 756,426 $1.1M No change

Options reported separately and not counted above: ISHARES TR calls ($138.9M), ISHARES TR calls ($107.1M), ISHARES TR puts ($107.1M).

Other holdings (26): bonds, preferreds, convertibles and warrants · $16.9M (not counted above)
SecurityClassShares / PrincipalValueChange
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal 47,700,000$16.2MNo change
AILWQ Arrowroot Acquisition -CW26 *W EXP 04/16/202 286,528$193KNew
TLSIW Medtech Acquisition Corp.-CW *W EXP 08/10/202 92,880$151KNo change
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 298,015$107KNo change
AIRJW Power & Digital Acq -CW24 *W EXP 03/15/202 50,000$72KNo change
SEDA.WS SDCL Edge Acq Class A -CW28 *W EXP 99/99/999 211,900$52KNo change
KRNLW Kernel Group HLDG -A -CW27 *W EXP 99/99/999 270,517$35KNo change
LAKESHORE BIOPHARMA CO LTD *W EXP 03/15/202 232,323$20KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 262,156$13KNo change
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 75,000$11KNo change
VSTWF Vast Solar PTY Ltd. -28 *W EXP 07/01/202 75,000$10KNo change
SLMWF Slam Corp.-A -CW27 *W EXP 99/99/999 37,500$9KNo change
CVIIW Churchill Capital Vii -CW28 *W EXP 02/29/202 20,000$7KNo change
RRAWF Rigel Resource Acquisi -CW23 *W EXP 99/99/999 25,000$7KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 50,000$6KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 166,666$5KNo change
HAIWF Healthcare AI Acq -CW23 *W EXP 12/07/202 121,400$5KNo change
PERCEPTION CAPITAL CORP IV *W EXP 99/99/999 75,000$5KNo change
CRPWF Carbon Revolution PLC *W EXP 99/99/999 141,666$4KNo change
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 12,500$4KNo change
EVCOW Everest Consolidator Acquisi *W EXP 99/99/999 17,500$4KNo change
PNSWQ Banyan Acquisition Co. -CW23 *W EXP 09/30/202 22,500$3KNo change
ALURW Allurion Technologies-28 *W EXP 08/01/203 15,311$2KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 25,000$2KNo change
PHYWF PHYT WS -CW *W EXP 05/03/202 25,000$1KNo change
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 12,500$369No change

Total filed on the 13F, all lines: $199.0M.

Portfolio Sells Q1 2024 → Q2 2024
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −20.07
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −5.29
AILWQ Arrowroot Acquisition Corp. Sold out 0.00% −0.01
ARKB ARK 21SHARES Bitcoin ETF Reduce -56.8% 61.60% +0.33
OSG Octave Specialty Group Inc. Reduce -27.5% 4.08% +1.59

Portfolio Buys Q1 2024 → Q2 2024
UNIT Uniti Group LLC Com SHS New 3.90% +3.90
BXMT Blackstone Mortgage Tru Class A Add +22.2% 2.43% +1.61
IHRT Iheartmedia Inc. Class A New 0.60% +0.60

Options Activity Q1 2024 → Q2 2024
ISHARES TR call Add +80.0% 18,000 $138.9M
RIOT PLATFORMS INC put Sold out 3,000 $2.9Mbefore exit
TRUMP MEDIA & TECHNOLOGY GRO put Sold out 214 $1.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 Sold out 21,400 $586Kbefore exit
AILWQ Arrowroot Acquisition -CW26 *W EXP 04/16/202 New 286,528 $193K
STWWF Semantix Inc. -27 *W EXP 08/03/202 Sold out 66,500 $765before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$459.8MGLD, UNIT, CZR, ADT, SVC
Q1 2026 17$553.9MGLD, UNIT, TSLA, ADT, ALVO
Q4 2025 13$269.4MGLD, UNIT, ADT, ALVO, AAM
Q3 2025 14$228.7MRSP, UNIT, ALVO, ADT, OPTU
Q2 2025 15$181.3MIWM, ALVO, OPTU, ADT, GNW
Q1 2025 15$144.4MALVO, OPTU, ADT, GNW, NVDA
Q4 2024 18$995.7MFBTC, IVV, RSP, ALVO, OPTU
Q3 2024 14$245.7MARKB, ALVO, OPTU, UNIT, GNW
Q2 2024 10$182.1MARKB, ALVO, ADT, OSG, UNIT
Q1 2024 11$501.4MARKB, IBIT, ALVO, GBTC, OSG