{"url":"https://nivawealth.com/firms/contrarian-capital-management-109979","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109979","regulatoryAum":4788303700,"crd":"109979","history":[{"filedOn":"2021-07-08","regulatoryAum":5164100000,"clients":28,"employees":51,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":4979599438,"clients":27,"employees":55,"offices":1},{"filedOn":"2023-06-26","regulatoryAum":4639529872,"clients":28,"employees":49,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":4584157760,"clients":27,"employees":48,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":4570883167,"clients":25,"employees":47,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":4788303700,"clients":24,"employees":47,"offices":1}],"secFileNumber":"801-50707","legalName":"Contrarian Capital Management LLC","displayName":"Contrarian Capital Management","slug":"contrarian-capital-management-109979","website":"https://contrariancapital.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/contrarian-capital-management/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"411 West Putnam Avenue, Suite 425","city":"Greenwich","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06830"},"tradeNames":[],"registration":{"secApproved":"15 December 1995","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":47,"advisory":22,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":4788303700,"discretionary":4788303700,"discretionaryAccounts":24,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":33,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":23,"regulatoryAum":4117151000},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":671152700}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":513280699},{"name":"Wells Fargo Securities, LLC","shortName":"Wells Fargo Securities","location":"Charlotte, NC","smaAssets":63805300},{"name":"Merrill Lynch Professional Clearing Corp.","shortName":"Merrill Lynch Professional Clearing","location":"New York, NY","smaAssets":71624692}],"custodyNote":"Contrarian Capital Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael Passantino","title":"Chief Financial Officer","crd":"7718303"},{"name":"Michael Ring","title":"Chief Operating Officer","crd":"5004480"},{"name":"Jennifer Diagonale","title":"Chief Compliance Officer","crd":"7274616"},{"name":"Jon Bauer","title":"Managing Member","crd":"1013058"},{"name":"Jeffrey Bauer","title":"Member","crd":"6776429"},{"name":"Xiaohui Song","title":"Special Limited Member","crd":"4427907"},{"name":"Janice Stanton","title":"Member","crd":"1428740"},{"name":"Gil Tenzer","title":"Member","crd":"2437990"},{"name":"Joshua Trump","title":"Member","crd":"7080914"}],"ownership":[{"label":"Jon Bauer","detail":"Managing member in the 25% to 50% ownership band and a control person, since May 1997. Also manager of Bauer Family GST Exempt 2026 Trust and a control person, since January 2026."},{"label":"Janice Stanton","detail":"Member in the 10% to 25% ownership band, since December 1997. Also manager of Heritage Investment LLC, since August 2016. Also trustee of Janice M. Stanton Revocable Trust, since July 2024."},{"label":"CCM Investment, L.L.C.","detail":"Member in the 10% to 25% ownership band, since January 2003."},{"label":"Heritage Investment LLC","detail":"Member in the 5% to 10% ownership band, since December 2011."},{"label":"Marten CCM LLC","detail":"Member in the 5% to 10% ownership band, since January 2013."},{"label":"Jeffrey Bauer","detail":"Member in the 10% to 25% ownership band, since January 2024."},{"label":"Joshua Trump","detail":"Member in the 10% to 25% ownership band, since January 2024."},{"label":"Bauer Family GST Exempt 2026 Trust","detail":"Indirect owner: a member of CCM Investment, L.L.C. in the 75% or more band, since January 2026.","parent":"CCM Investment, L.L.C."},{"label":"Gil Tenzer","detail":"Indirect owner: manager of Marten Investment Trust, since January 2013.","parent":"Marten Investment Trust"},{"label":"Marten Investment Trust","detail":"Indirect owner: a member of Marten CCM LLC in the 75% or more band, since January 2013.","parent":"Marten CCM LLC"},{"label":"Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015","detail":"Indirect owner: a member of Heritage Investment LLC in the 50% to 75% band, since May 2015.","parent":"Heritage Investment LLC"},{"label":"Song Family Trust U/A/D November 29, 2016","detail":"Indirect owner: a member of Upper Nash LLC in the 75% or more band, since February 2018.","parent":"Upper Nash LLC"},{"label":"Fiduciary Trust International of Delaware","detail":"Indirect owner: trustee of Bauer Family GST Exempt 2026 Trust, since January 2026.","parent":"Bauer Family GST Exempt 2026 Trust"},{"label":"Christiana Trust, A Division of Wilmington Savings Fund Society, FSB","detail":"Indirect owner: trustee of Marten Investment Trust, since January 2013.","parent":"Marten Investment Trust"},{"label":"Traci Lerner","detail":"Indirect owner: trustee of Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015, since May 2015.","parent":"Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015"},{"label":"Mark Lerner","detail":"Indirect owner: trustee of Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015, since May 2015.","parent":"Janice Stanton Childrens' 2015 Trust U/A/D 5/21/2015"},{"label":"South Dakota Trust Company LLC","detail":"Indirect owner: trustee of Song Family Trust U/A/D November 29, 2016, since November 2016.","parent":"Song Family Trust U/A/D November 29, 2016"},{"label":"Upper Nash LLC","detail":"Indirect owner: a member of Nash Holdco LLC in the 75% or more band, since February 2018.","parent":"Nash Holdco LLC"},{"label":"Emilce Song","detail":"Indirect owner: manager of Upper Nash LLC, since February 2018. Also manager of Nash Holdco LLC, since November 2016.","parent":"Upper Nash LLC"},{"label":"Janice M. Stanton Revocable Trust","detail":"Indirect owner: a member of Heritage Investment LLC in the 25% to 50% band, since March 2025.","parent":"Heritage Investment LLC"},{"label":"Jennifer Diagonale","detail":"Indirect owner: trustee of Bauer Family GST Exempt 2026 Trust, since January 2026.","parent":"Bauer Family GST Exempt 2026 Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"411 West Putnam Avenue, Suite 425","city":"Greenwich","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-862-8200","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":[{"label":"Exchange-traded equity securities","percent":9},{"label":"Non-exchange-traded equity securities","percent":13},{"label":"Sovereign bonds","percent":46},{"label":"Non-investment grade corporate bonds","percent":32}],"privateFunds":14},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109979/PDF/109979.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Contrarian Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Contrarian Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Contrarian Capital Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Contrarian Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Contrarian Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Contrarian Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Contrarian Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Contrarian Capital Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/contrarian-capital-management-109979/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1050417/000091957426005156/0000919574-26-005156-index.html","totalValue":306057264,"positionCount":19,"top10Share":0.9455611875299258,"top10":[{"issuer":"REPUBLIC AWYS HLDGS INC","titleOfClass":"COM SHS","cusip":"590479408","value":91346354,"shares":4347756,"shareType":"SH","priorValue":71548411,"priorShares":4446210},{"issuer":"GERDAU SA","titleOfClass":"SPON ADR REP PFD","cusip":"373737105","value":77039212,"shares":19069112,"shareType":"SH","priorValue":68839494,"priorShares":19069112},{"issuer":"TERNIUM SA","titleOfClass":"SPONSORED 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Facts as filed; not a rating, ranking, or recommendation. Niva 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."}