On May 14, 2026, Brigade Capital Management disclosed in an SEC filing that it sold out of Nabors Industries (NYSE:NBR), unloading 675,879 shares for an estimated $49.04 million based on quarterly average pricing.
What happened According to its SEC filing dated May 14, 2026, Brigade Capital Management sold its entire holding in Nabors Industries, disposing of 675,879 shares
The estimated transaction value for the quarter was $49.04 million, based on the average unadjusted closing price from January to March 2026. The position’s quarter-end value fell by $36.70 million, capturing the impact of both trading and price changes. What else to know – Top holdings after the filing: – NASDAQ: LNTH: $27.59 million (34.4% of AUM) – NYSE: LUMN: $12.82 million (16.0% of AUM) – NYSE: ECVT: $10.51 million (13.1% of AUM) – NYSEMKT: SPY: $9.75 million (12.1% of AUM) – NASDAQ: EXE: $8.47 million (10.5% of AUM) – – As of Friday, Nabors Industries shares were priced at $92.63, skyrocketing 250% over the past year and well outperforming the S&P 500, which is up 28% in the same period.
Company overview Company snapshot – Nabors Industries offers land-based and offshore drilling services, drilling-related technologies, and equipment manufacturing, including advanced automation and real-time analytics platforms. – The firm generates revenue through drilling contracts, equipment sales, technology solutions, and aftermarket services across multiple geographies. – It serves oil and gas exploration and production companies globally, with a presence in the United States, Canada, and over 20 international markets. Nabors Industries is a leading provider of drilling and drilling-related services, operating a diversified fleet of rigs and offering advanced technology solutions for the oil and gas sector. The company leverages its scale and engineering expertise to deliver integrated services and proprietary automation tools that enhance operational efficiency for its clients.