Clients
Bracebridge Capital serves 12 clients. The average client has about $8.36 billion with the firm.
- Pooled investment vehicles12 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 12 | $100,349,501,374 | 100.0% | $8.36B |
| Total | 12 | $100,349,501,374 | 100% | $8.36B |
- Clients
- 12
- Regulatory AUM
- $100,349,501,374
- Share
- 100.0%
- Avg. per client
- $8.36B
Total
- Clients
- 12
- Regulatory AUM
- $100,349,501,374
- Share
- 100%
- Avg. per client
- $8.36B
What it does
Bracebridge Capital provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.
Bracebridge Capital advises 12 private funds.
100.0% of assets ($100.35B across 12 accounts) are managed with discretion. 92% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Bracebridge Capital has custody of $12.54B for 12 clients.
- All other custodians$100.35B100%
Ownership and leadership
Bracebridge Capital II, L.P. owns 75% or more of Bracebridge Capital.
- Owns 75% or more of Bracebridge Capital, LLC
Bracebridge Capital II, L.P.
Control person · since December 2012
- Owns 25% to 50% of Bracebridge Capital II, L.P.
Pleasant Street Holdings LP
Control person · since March 2025
Zimm Holdings LLC
General partner · Control person · since March 2025
SVZ, Inc.
General partner · Control person · since December 2012
- Owns 75% or more of SVZ, Inc.
Nancy Zimmerman
Control person · since December 2012
- Owns 25% to 50% of SVZ, Inc.
Gabriel Sunshine
Control person · since December 2012
- Owns 10% to 25% of Bracebridge Capital, LLC
Trowbridge Holdings, LP
since December 2023
- Owns 50% to 75% of Trowbridge Holdings, LP
NGZ 2020 Qat-Wingspan
Control person · since December 2023
Leadership
- John SpinneyChief Financial Officer and Chief Operating Officer
- Scott KudlacikChief Compliance Officer
- Gabriel SunshineFounder
- William TownleyGeneral Counsel
- Nancy ZimmermanFounder
Staff
- 168 employees
- 59 in advisory functions
Reported holdings
Bracebridge Capital’s reported 13F holdings total $5.53B across 40 positions, and the ten largest make up 96.3% of it.
- $5.53B
- Reported 13F value
- 40
- Positions
- 96.3%
- In the 10 largest
- +48.4%
- Value vs. prior quarter
- iShares TR · CallCall31.8%
- iShares TR · PutPut28.4%
- SPDR Gold TR · PutPut8.6%
- iShares TR · CallCall7.5%
- iShares TR · PutPut7.5%
- SPDR Gold TR · Gold Shs4.2%
- Tesla Inc. · CallCall3.6%
- Uniti Group LLC · Com Shs1.7%
- Tesla Inc. · PutPut1.5%
- SPDR Gold TR · CallCall1.5%
Together, the ten largest are 96.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $5.53B is not its $100.35B in regulatory assets and does not represent any individual client's portfolio.
Fees
Bracebridge Capital is paid through a percentage of assets under management and performance-based fees.
Bracebridge Capital’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Bracebridge Capital has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 888 Boylston Street, Suite 1500, BostonHQ
Registration details
- Legal name
- Bracebridge Capital, LLC
- Headquarters
- 888 Boylston Street, Suite 1500, Boston, MA 02199-8193
- Phone
- 617-497-3500
- Website
- www.bracebridgecapital.com
- SEC file
- 801-73416
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Bracebridge Capital have?
Bracebridge Capital has 12 clients and manages $100.3 billion for them, as of March 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Bracebridge Capital offer?
Bracebridge Capital provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Bracebridge Capital have?
Bracebridge Capital has 0 investment adviser representatives registered with state securities authorities, out of 168 employees, and 59 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Bracebridge Capital?
Bracebridge Capital is owned through a chain of holding companies by Nancy Zimmerman, Gabriel Sunshine and NGZ 2020 Qat-Wingspan. Its direct owners are Bracebridge Capital II, L.P. (75% or more) and Trowbridge Holdings, LP (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Bracebridge Capital get paid?
Bracebridge Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file