Monarch Alternative Capital LP

CIK 1281084 · View on SEC EDGAR ↗

Portfolio value
$707.2M
#3,063 of 9,443 by 13F value · top 32.4%
Positions
8
As of
June 30, 2026

Portfolio value QoQ: -56.6% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
6
Effective number of positions
4.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 31.97% Est. buys $373,797,604 · sells $1,201,350,051

Median holding: 2.5 quarters Tracked Q4 2024–Q2 2026 · 50.0% still held

New positions
4
Increased
2
Decreased
1
Closed
5

Put-notional exposure: 0.6% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

On this page

Sector breakdown

Communication Services
23.4%
Technology
16.6%
Industrials
5.4%
Logistics & Transportation
0.4%
Other/Unmapped
54.2%

Full portfolio 8 positions

Type Streak 8Q trend
Unknown issuer (CUSIP: 278768AB2) $186,972,000 26.44% 60,000,000 $-31,970,400
SATS EchoStar Corporation - Common stock $165,457,586 23.40% 1,630,124 $68,212,805 Up ×1
Unknown issuer (CUSIP: 486917107) $150,875,900 21.33% 26,285,000 Up ×1
CORZ Core Scientific, Inc. - Common Stock $117,714,000 16.65% 4,600,000 Up ×1
VISN Vistance Networks, Inc. - Common Stock $41,535,000 5.87% 3,250,000 $-144,256,115 Down ×1
MBC MasterBrand, Inc. Common Stock $38,073,000 5.38% 3,700,000 $21,453,000 Up ×1
Unknown issuer (CUSIP: 84615Q103) $4,015,210 0.57% 23,500 Put option Up ×1
FWRD Forward Air Corporation - Common Stock $2,553,390 0.36% 189,000 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 486917107) $150,875,900 26,285,000 21.33%
CORZ $117,714,000 4,600,000 16.65%
Unknown issuer (CUSIP: 84615Q103) $4,015,210 23,500 0.57%
FWRD $2,553,390 189,000 0.36%

Top movers (QoQ)

Security Action Shares Δ Value Δ
VISN Trimmed -7.0M -$144.3M
SATS Bought more +799K +$68.2M
Price move only +0 -$32.0M
MBC Bought more +1.7M +$21.5M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
SPY June 30, 2025 1,575,000 $881,039,250 No longer tracked
SPY June 30, 2026 805,000 $523,523,700 No longer tracked
QQQ June 30, 2026 900,000 $519,462,000
TLN March 31, 2025 1,450,000 $292,131,500 57.7%
QQQ June 30, 2025 265,000 $124,263,800
LTM June 30, 2025 3,000,000 $93,840,000 25.3%
SATS June 30, 2025 2,852,573 $72,968,817 No longer tracked
GBTG June 30, 2026 7,800,000 $43,524,000 0.7%
BITF June 30, 2026 7,150,000 $13,942,500 No longer tracked
AMBP June 30, 2026 2,955,738 $11,970,739 7.8%