Monarch Alternative Capital LP
Portfolio value QoQ: -56.6% 13F does not disclose cash
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: 2.0 quarters Tracked Q1 2025–Q2 2026 · 53.3% still held
Put-notional exposure: 0.6% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
Sector breakdown
Full portfolio 8 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 278768AB2) | $186,972,000 | 26.44% | 60,000,000 | $-31,970,400 | |||
| SATS | $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 | $117,714,000 | 16.65% | 4,600,000 | Up ×1 | |||
| VISN | $41,535,000 | 5.87% | 3,250,000 | $-144,256,115 | Down ×1 | ||
| MBC | $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 | $2,553,390 | 0.36% | 189,000 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
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.
| Security | Quarter | 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 | 1.1% |
| QQQ | June 30, 2025 | 265,000 | $124,263,800 | 35.0% |
| LTM | June 30, 2025 | 3,000,000 | $93,840,000 | 28.5% |
| SATS | June 30, 2025 | 2,852,573 | $72,968,817 | No longer tracked |
| GBTG | June 30, 2026 | 7,800,000 | $43,524,000 | No longer tracked |
| BITF | June 30, 2026 | 7,150,000 | $13,942,500 | No longer tracked |
| AMBP | June 30, 2026 | 2,955,738 | $11,970,739 | -6.3% |