Monarch Alternative Capital LP
New York, NY
$516m in 6 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 61.1% of the portfolio this quarter.
Value
$516m
Stocks
6
Top 10 share
100.0%
Turnover
61.1%
What changed this quarter
New
Bought for the first time this quarter.
- Keel InfrastructureKEEL29.2% of the fund
- Core ScientificCORZ22.8% of the fund
- Forward AirFWRD0.5% of the fund
Added
Bought more of a stock they already held.
- EchoStarECHO32.1% of the fund+96%
- MasterBrandMBC7.4% of the fund+85%
Cut
Sold some of their stake.
- Vistance NetworksVISN8.0% of the fund-68%
Sold out
Sold their entire stake.
- Global Business Travel GroupGBTG-100%
- BitfarmsBITF-100%
- Ardagh Metal PackagingAMBP-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| EchoStarECHO | 32.1% | $165m | 1,630,124 | +96% |
| Keel InfrastructureKEEL | 29.2% | $151m | 26,285,000 | New |
| Core ScientificCORZ | 22.8% | $118m | 4,600,000 | New |
| Vistance NetworksVISN | 8.0% | $42m | 3,250,000 | -68% |
| MasterBrandMBC | 7.4% | $38m | 3,700,000 | +85% |
| Forward AirFWRD | 0.5% | $3m | 189,000 | New |
Options (1)
- Space Exploration TechnologiesSPCX
- Type
- Put
- Value
- $4m
- Contracts
- 23,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Space Exploration TechnologiesSPCX | Put | $4m | 23,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 523.4% since 30 June 2025.
Where the money is
Financial services52.0%
Media & telecom32.1%
Technology8.0%
Retail & consumer7.4%
Industrials0.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.