Contrarian Capital Management provides portfolio management for pooled vehicles. The firm advises 14 private funds.
Contrarian Capital Management reports 24 clients. They include 23 pooled investment vehicles and 1 corporate or other business client. Of its assets, 100.0% ($4.79B across 24 accounts) are managed with discretion. Of its clients, 33% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 96% | 86% |
| Corporations and other businesses | 4% | 14% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 23 | $4.12B | 86.0% | $179M |
| Corporations and other businesses | Fewer than 5 | $671M | 14.0% | $671M |
| Total | 24 | $4.79B | 100% | — |
- Clients
- 23
- Regulatory AUM
- $4.12B
- AUM share
- 86.0%
- Avg. per client
- $179M
- Clients
- Fewer than 5
- Regulatory AUM
- $671M
- AUM share
- 14.0%
- Avg. per client
- $671M
Total
- Clients
- 24
- Regulatory AUM
- $4.79B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 33%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 14
Contrarian Capital Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Jon Bauer owns 25% to 50% of Contrarian Capital Management. The leadership team of Contrarian Capital Management includes Chief Operating Officer Michael Ring, Chief Financial Officer Michael Passantino and Chief Compliance Officer Jennifer Diagonale. It has 47 employees, 22 of them in advisory roles.
Staff
- 47 employees
- 22 in advisory functions
- Owns 75% or more of Contrarian Capital Management LLC
Upper Nash LLC
since February 2018
- Owns 75% or more of Upper Nash LLC
Song Family Trust U/A/D November 29, 2016
since February 2018
South Dakota Trust Company LLC
Trustee · since November 2016
Emilce Song
Manager · since February 2018
- Owns 25% to 50% of Contrarian Capital Management LLC
Jon Bauer
Control person · since May 1997
- Owns 10% to 25% of Contrarian Capital Management LLC
Janice Stanton
since December 1997
- Owns 10% to 25% of Contrarian Capital Management LLC
CCM Investment, L.L.C.
since January 2003
- Owns 75% or more of CCM Investment, L.L.C.
Bauer Family GST Exempt 2026 Trust
since January 2026
Fiduciary Trust International of Delaware
Trustee · since January 2026
Jennifer Diagonale
Trustee · since January 2026
- Owns 10% to 25% of Contrarian Capital Management LLC
Jeffrey Bauer
since January 2024
- Owns 10% to 25% of Contrarian Capital Management LLC
Joshua Trump
since January 2024
- Owns 5% to 10% of Contrarian Capital Management LLC
Heritage Investment LLC
since December 2011
- Owns 50% to 75% of Heritage Investment LLC
Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015
since May 2015
Traci Lerner
Trustee · since May 2015
Mark Lerner
Trustee · since May 2015
- Owns 25% to 50% of Heritage Investment LLC
Janice M. Stanton Revocable Trust
since March 2025
- Owns 5% to 10% of Contrarian Capital Management LLC
Marten CCM LLC
since January 2013
- Owns 75% or more of Marten CCM LLC
Marten Investment Trust
since January 2013
Gil Tenzer
Manager · since January 2013
Christiana Trust, A Division of Wilmington Savings Fund Society, FSB
Trustee · since January 2013
Contrarian Capital Management’s regulatory assets fell from $5.16B (July 2021) to $4.79B (March 2026); clients fell from 28 to 24 and employees from 51 to 47.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $4.79B | 24 | 47 | 1 |
| Mar 2025March 2025 | $4.57B | 25 | 47 | 1 |
| Mar 2024March 2024 | $4.58B | 27 | 48 | 1 |
| Jun 2023June 2023 | $4.64B | 28 | 49 | 1 |
| Mar 2022March 2022 | $4.98B | 27 | 55 | 1 |
| Jul 2021July 2021 | $5.16B | 28 | 51 | 1 |
Besides its headquarters, Contrarian Capital Management has 0 offices, with 1 listed address in 1 state.
Connecticut · 1 listed address
- 411 West Putnam Avenue, Suite 425, GreenwichHQ
Contact and registration details
- Legal name
- Contrarian Capital Management LLC
- Headquarters
- 411 West Putnam Avenue, Suite 425, Greenwich, CT 06830
- Website
- contrariancapital.com
- Phone
- 203-862-8200
- @contrarian-capital-management
- SEC file
- 801-50707
- Structure
- Delaware LLC
- Fiscal year end
- December
Contrarian Capital Management’s named custodians for separately managed accounts are J.P. Morgan ($513M, 79%), Merrill Lynch Professional Clearing ($71.6M, 11%) and Wells Fargo Securities ($63.8M, 10%). Contrarian Capital Management has custody of client assets.
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $513M79%
- Wells Fargo SecuritiesWells Fargo Securities, LLC · Charlotte, NC · $63.8M10%
- Merrill Lynch Professional ClearingMerrill Lynch Professional Clearing Corp. · New York, NY · $71.6M11%
At year end, Contrarian Capital Management’s separately managed accounts were mostly in bonds (78%) and stocks (22%). Its reported 13F holdings for the quarter ended 30 June 2026 total $306M across 19 positions; the largest are Republic Awys Hldgs Inc. (29.8%), Gerdau SA (25.2%) and Ternium SA (13.8%).
What the accounts hold
- Stocks22%
- Non-exchange-traded equities13%
- Exchange-traded equities9%
- Bonds78%
- Sovereign bonds46%
- High-yield corporate bonds32%
How many clients does Contrarian Capital Management have?
Contrarian Capital Management has 24 clients and manages $4.79 billion for them, as of March 2026. They include 23 pooled investment vehicles and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Contrarian Capital Management offer?
Contrarian Capital Management provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Contrarian Capital Management use?
Contrarian Capital Management’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $513M, Merrill Lynch Professional Clearing Corp. (New York, NY), with $71.6M and Wells Fargo Securities, LLC (Charlotte, NC), with $63.8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Contrarian Capital Management have?
Contrarian Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 47 employees, and 22 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
What does Contrarian Capital Management invest in?
At the end of its last fiscal year, Contrarian Capital Management’s separately managed accounts held 46% sovereign bonds, 32% high-yield corporate bonds, 13% non-exchange-traded equities and 9% exchange-traded equities. It advises 14 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Contrarian Capital Management?
Contrarian Capital Management is owned through holding companies by Janice M. Stanton Revocable Trust. Its direct owners are Jon Bauer (25% to 50%), Janice Stanton (10% to 25%), CCM Investment, L.L.C. (10% to 25%), Heritage Investment LLC (5% to 10%), Marten CCM LLC (5% to 10%), Jeffrey Bauer (10% to 25%), Joshua Trump (10% to 25%) and Upper Nash LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Contrarian Capital Management get paid?
Contrarian Capital Management 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
How do I contact Contrarian Capital Management?
Contrarian Capital Management’s main office is at 411 West Putnam Avenue, Suite 425, Greenwich, CT 06830. Its phone number is 203-862-8200. Its website is contrariancapital.com.