{"url":"https://nivawealth.com/firms/bracebridge-capital-158343","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/158343","regulatoryAum":100349501374,"crd":"158343","secFileNumber":"801-73416","legalName":"Bracebridge Capital, LLC","displayName":"Bracebridge Capital","website":"http://www.bracebridgecapital.com/","linkedinUrl":"https://www.linkedin.com/company/bracebridge-capital-llc/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"888 Boylston Street, Suite 1500","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02199-8193"},"tradeNames":[],"registration":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":168,"advisory":59,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":100349501374,"discretionaryAccounts":12,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":92,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":100349501374}],"fees":[],"feeNotes":[],"custodians":[],"custodyNote":"Bracebridge Capital has custody of $12.54B for 12 clients.","otherCustodians":[],"leadership":[{"name":"John Spinney","title":"Chief Financial Officer and Chief Operating Officer","crd":"4798847"},{"name":"Scott Kudlacik","title":"Chief Compliance Officer","crd":"5995665"},{"name":"Gabriel Sunshine","title":"Founder","crd":"2172179"},{"name":"William Townley","title":"General Counsel","crd":"6776895"},{"name":"Nancy Zimmerman","title":"Founder","crd":"1712595"}],"ownership":[{"label":"Bracebridge Capital II, L.P.","detail":"Manager in the 75% or more ownership band and a control person, since December 2012."},{"label":"Trowbridge Holdings, LP","detail":"Member in the 10% to 25% ownership band, since December 2023."},{"label":"SVZ, Inc.","detail":"Indirect owner: general partner of Bracebridge Capital II, L.P. and a control person, since December 2012. Also general partner of Trowbridge Holdings, LP and a control person, since December 2023.","parent":"Bracebridge Capital II, L.P."},{"label":"Nancy Zimmerman","detail":"Indirect owner: a shareholder of SVZ, Inc. in the 75% or more band and a control person, since December 2012. Also a limited partner of Pleasant Street Holdings LP in the 75% or more band and a control person, since March 2025. Also a member of Zimm Holdings LLC in the 75% or more band and a control person, since March 2025.","parent":"SVZ, Inc."},{"label":"Gabriel Sunshine","detail":"Indirect owner: a shareholder of SVZ, Inc. in the 25% to 50% band and a control person, since December 2012. Also a limited partner of Trowbridge Holdings, LP in the 50% to 75% band and a control person, since December 2023.","parent":"SVZ, Inc."},{"label":"NGZ 2020 Qat-Wingspan","detail":"Indirect owner: a limited partner of Trowbridge Holdings, LP in the 50% to 75% band and a control person, since December 2023.","parent":"Trowbridge Holdings, LP"},{"label":"Pleasant Street Holdings LP","detail":"Indirect owner: a member of Bracebridge Capital II, L.P. in the 25% to 50% band and a control person, since March 2025.","parent":"Bracebridge Capital II, L.P."},{"label":"Zimm Holdings LLC","detail":"Indirect owner: general partner of Pleasant Street Holdings LP and a control person, since March 2025.","parent":"Pleasant Street Holdings LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"888 Boylston Street, Suite 1500","city":"Boston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-497-3500","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":12},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/158343/PDF/158343.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bracebridge Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bracebridge Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Bracebridge Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Bracebridge Capital?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bracebridge Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/bracebridge-capital-158343/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1426486/000142648626000006/0001426486-26-000006-index.html","totalValue":5532610243,"positionCount":40,"top10Share":0.9631038316392749,"top10":[{"issuer":"ISHARES TR","titleOfClass":"CALL","cusip":"464288903","value":1760147697,"shares":220101,"shareType":"SH","putCall":"Call"},{"issuer":"ISHARES TR","titleOfClass":"PUT","cusip":"464288953","value":1571466479,"shares":196507,"shareType":"SH","putCall":"Put","priorValue":214812000,"priorShares":27000},{"issuer":"SPDR GOLD 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}