Monarch Alternative Capital LP Institutional Portfolio (13F)

CIK: 0001281084

High-turnover traderSector-focusedContrarian

Total reported value

$1.6B

Reporting period: 2026-03-31 · Number of holdings: 9

Monarch Alternative Capital LP disclosed 9 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.6B and a quarterly turnover rate of 108.4%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "M"

Personality snowflake

Concentration: 95.98
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 18
Sizing Uniformity: 88.58

Monarch Alternative Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.240 — mathematically equivalent to about 4 equally-sized positions, well below its 9 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.14), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 32% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim ECHO 3.875 11-30-30
-43.0%　-$137.6M
Trim ECHO
-42.5%　-$59.8M
Trim VISN
+4.1%　$7.9M
Trim GBTG
+9.3%　-$11.1M
Trim AMBP
-44.8%　-$10.0M
New buy SPY

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	32.10%	+32.10%	NEW
2	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	31.85%	+31.85%	NEW
3	ECHO 3.875 11-30-30	Echostar CORP	Stock-Comm Services	13.42%	-33.00%	-42.98%
4	VISN	Vistance Networks INC	Stock-Tech	11.39%	-11.77%	+4.06%
5	ECHO	Echostar Corp-a	Stock-Comm Services	5.96%	-14.49%	-42.52%
6	GBTG	Global Business Travel Group	Stock-Other	2.67%	-4.44%	+9.27%
7	MBC	Masterbrand INC	Stock-Consumer Disc	1.02%	+1.02%	NEW
8	1B2	Bitfarms Ltd/canada	Stock-Other	0.85%	+0.85%	NEW
9	AMBP	Ardagh Metal Packaging S.A.	Stock-Other	0.73%	-2.13%	-44.75%

Portfolio Performance

Performance for Q3 2026

-5.2%

Performance Last 4 Quarters

+4.6%

Based on 83% of reported portfolio value with available pricing

Stdev: +24.3%
Beta: +1.28
Alpha: +14.1%
Max Drawdown: -5.2%
Annualized Perf: +36.3%
Batting Avg vs S&P: +54.5%
Sortino: +4.42
Stutzer: +0.45
Treynor: +0.27
Sterling: —
Calmar: +7.04
Information Ratio: +1.16
Tracking Error: +15.9%
Stdev Down: +7.7%
Winning Months %: +45.5%
Losing Months %: +54.5%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.52
Sharpe: +1.4
Stdev Sectors: +23.7%
Skewness: +0.59
Kurtosis: -0.99
Upside Potential: +6.68

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	9	$1.6B	100	1SPY 2QQQ 3ECHO 3.875 11-30-30 Top holdings2026-03-31 1.SPY 2.QQQ 3.ECHO 3.875 11-30-30 4.VISN 5.ECHO 6.GBTG 7.MBC 8.1B2 9.AMBP
2025-12-31	5	$768.0M	15	1ECHO 3.875 11-30-30 2VISN 3ECHO Top holdings2025-12-31 1.ECHO 3.875 11-30-30 2.VISN 3.ECHO 4.GBTG 5.AMBP
2025-09-30	5	$744.9M	100	1ECHO 3.875 11-30-30 2ECHO 3VISN Top holdings2025-09-30 1.ECHO 3.875 11-30-30 2.ECHO 3.VISN 4.GBTG 5.AMBP
2025-06-30	3	$214.8M	0	1ECHO 3.875 11-30-30 2VISN 3TPIC 5.25 03-15-28 Top holdings2025-06-30 1.ECHO 3.875 11-30-30 2.VISN 3.TPIC 5.25 03-15-28
2025-03-31	7	$1.3B	100	1SPY 2QQQ 3ECHO 3.875 11-30-30 Top holdings2025-03-31 1.SPY 2.QQQ 3.ECHO 3.875 11-30-30 4.LTM 5.ECHO 6.VISN 7.TPIC 5.25 03-15-28
2024-12-31	6	$582.6M	0	1TLN 2LTM 3ECHO 3.875 11-30-30 Top holdings2024-12-31 1.TLN 2.LTM 3.ECHO 3.875 11-30-30 4.ECHO 5.VISN 6.TPIC 5.25 03-15-28
2024-09-30	7	$654.5M	0	1TLN 2DISH 0 12-15-25 3LTM Top holdings2024-09-30 1.TLN 2.DISH 0 12-15-25 3.LTM 4.DISH 3.375 08-15-26 5.ECHO 6.TPIC 5.25 03-15-28 7.VISN
2024-06-30	5	$223.6M	0	1DISH 0 12-15-25 2DISH 3.375 08-15-26 3ECHO Top holdings2024-06-30 1.DISH 0 12-15-25 2.DISH 3.375 08-15-26 3.ECHO 4.BERYEUR 5.TPIC 5.25 03-15-28
2024-03-31	6	$224.9M	0	1DISH 0 12-15-25 2DISH 3.375 08-15-26 3BERYEUR Top holdings2024-03-31 1.DISH 0 12-15-25 2.DISH 3.375 08-15-26 3.BERYEUR 4.AVPT 5.TPIC 5.25 03-15-28 6.ECHO
2023-12-31	2	$73.2M	0	1AVPT 2BERYEUR Top holdings2023-12-31 1.AVPT 2.BERYEUR
2023-09-30	3	$109.4M	0	1BERYEUR 2AVPT 36PM Top holdings2023-09-30 1.BERYEUR 2.AVPT 3.6PM
2023-06-30	6	$1.0B	0	1SPY 2IWM 3BERYEUR Top holdings2023-06-30 1.SPY 2.IWM 3.BERYEUR 4.STWD 6.75 07-15-27 5.AVPT 6.6PM
2023-03-31	4	$171.8M	0	1BERYEUR 2W 0.625 10-01-25 3AVPT Top holdings2023-03-31 1.BERYEUR 2.W 0.625 10-01-25 3.AVPT 4.6PM
2022-12-31	8	$290.8M	0	1BERYEUR 2W 0.625 10-01-25 3GL40 Top holdings2022-12-31 1.BERYEUR 2.W 0.625 10-01-25 3.GL40 4.6PM 5.IQ 4 12-15-26 6.AVPT 7.IQ 2 04-01-25 8.RADIGUSD
2022-09-30	8	$306.1M	0	16PM 2BERYEUR 3GL40 Top holdings2022-09-30 1.6PM 2.BERYEUR 3.GL40 4.IQ 4 12-15-26 5.W 0.625 10-01-25 6.IQ 2 04-01-25 7.AVPT 8.RADIGUSD
2022-06-30	9	$349.5M	0	16PM 2BERYEUR 3GL40 Top holdings2022-06-30 1.6PM 2.BERYEUR 3.GL40 4.IQ 4 12-15-26 5.IQ 2 04-01-25 6.AVPT 7.W 0.625 10-01-25 8.RADIGUSD 9.WFRD
2022-03-31	10	$564.1M	0	16PM 2BERYEUR 3GL40 Top holdings2022-03-31 1.6PM 2.BERYEUR 3.GL40 4.PK 5.WFRD 6.APLE 7.IQ 4 12-15-26 8.IQ 2 04-01-25 9.RADIGUSD 10.AVPT
2021-12-31	14	$942.3M	0	1IWM 2QQQ 3BERYEUR Top holdings2021-12-31 1.IWM 2.QQQ 3.BERYEUR 4.AER 5.APLE 6.GL40 7.6PM 8.PK 9.IQ 4 12-15-26 10.RADIGUSD
2021-09-30	9	$444.1M	0	1AER 2APLE 3BERYEUR Top holdings2021-09-30 1.AER 2.APLE 3.BERYEUR 4.RADIGUSD 5.GL40 6.AVPT 7.WFRD 8.6PM 9.ATI
2021-06-30	8	$486.1M	100	1TLT 2AER 3APLE Top holdings2021-06-30 1.TLT 2.AER 3.APLE 4.RADIGUSD 5.GL40 6.BERYEUR 7.WFRD 8.03768F
2021-03-31	9	$1.5B	78	1TLT 2QQQ 3APLE Top holdings2021-03-31 1.TLT 2.QQQ 3.APLE 4.RADIGUSD 5.AER 6.45031U 7.GL40 8.ARI 9.FE
2020-12-31	11	$867.3M	100	1TLT 2SPY 3RADIGUSD Top holdings2020-12-31 1.TLT 2.SPY 3.RADIGUSD 4.APLE 5.45031U 6.ARI 5.375 10-15-23 7.FE 8.ARI 9.OIS 1.5 02-15-23 10.PEB
2020-09-30	7	$587.6M	36	1SPY 2ARI 5.375 10-15-23 3PEB Top holdings2020-09-30 1.SPY 2.ARI 5.375 10-15-23 3.PEB 4.PK 5.APLE 6.PCG 7.OIS 1.5 02-15-23
2020-06-30	3	$738.1M	78	1SPY 2ARI 4.75 08-23-22 3ARI 5.375 10-15-23 Top holdings2020-06-30 1.SPY 2.ARI 4.75 08-23-22 3.ARI 5.375 10-15-23
2020-03-31	4	$1.5B	99	1SPY 2WMB 3UNIT Top holdings2020-03-31 1.SPY 2.WMB 3.UNIT 4.868157
2019-12-31	5	$888.3M	35	1SPY 2HYG 3PCG Top holdings2019-12-31 1.SPY 2.HYG 3.PCG 4.UNIT 5.868157
2019-09-30	6	$1.1B	46	1SPY 2HYG 3ARCH1EUR Top holdings2019-09-30 1.SPY 2.HYG 3.ARCH1EUR 4.PCG 5.UNIT 6.XECEUR
2019-06-30	8	$807.2M	69	1SPY 2HYG 3ARCH1EUR Top holdings2019-06-30 1.SPY 2.HYG 3.ARCH1EUR 4.PCG 5.UNIT 6.XECEUR 7.OIBR-USD 8.ASCMA
2019-03-31	9	$1.4B	52	1SPY 2HYG 3ARCH1EUR Top holdings2019-03-31 1.SPY 2.HYG 3.ARCH1EUR 4.XECEUR 5.STNG 6.CZREUR 7.OIBR-USD 8.WFRD 5.875 07-01-21 9.EPEEUR
2018-12-31	10	$1.8B	59	1HYG 2SPY 3VICI Top holdings2018-12-31 1.HYG 2.SPY 3.VICI 4.ARCH1EUR 5.RHLD 6.CZREUR 7.STNG 8.OIBR-USD 9.EPEEUR
2018-09-30	11	$1.6B	96	1SPY 2VICI 3ARCH1EUR Top holdings2018-09-30 1.SPY 2.VICI 3.ARCH1EUR 4.HYG 5.RHLD 6.CZREUR 7.PCG 8.OIBR-USD 9.STNG 10.EPEEUR
2018-06-30	8	$631.6M	71	1VICI 2ARCH1EUR 3RHLD Top holdings2018-06-30 1.VICI 2.ARCH1EUR 3.RHLD 4.84860W 5.STNG 6.SPY 7.PCG 8.HYG
2018-03-31	7	$1.2B	48	1SPY 2VICI 3ARCH1EUR Top holdings2018-03-31 1.SPY 2.VICI 3.ARCH1EUR 4.RHLD 5.84860W 6.REFI 7.STNG
2017-12-31	7	$1.0B	49	1SPY 2ARCH1EUR 3RHLD Top holdings2017-12-31 1.SPY 2.ARCH1EUR 3.RHLD 4.CZREUR 5.STNG 6.REFI 7.84860W
2017-09-30	6	$1.5B	35	1SPY 2ARCH1EUR384860W Top holdings2017-09-30 1.SPY 2.ARCH1EUR 3.84860W 4.RHLD 5.STNG 6.UNIT
2017-06-30	5	$1.1B	15	1SPY 2ARCH1EUR384860W Top holdings2017-06-30 1.SPY 2.ARCH1EUR 3.84860W 4.RHLD 5.SBLK
2017-03-31	5	$1.0B	100	1SPY 2ARCH1EUR 3RHLD Top holdings2017-03-31 1.SPY 2.ARCH1EUR 3.RHLD 4.969490 5.SBLK
2016-12-31	6	$383.4M	100	1ARCH1EUR292923C3RHLD Top holdings2016-12-31 1.ARCH1EUR 2.92923C 3.RHLD 4.969490 5.Y26889 6.SBLK
2016-09-30	4	$108.6M	43	192923C2Y268893RHLD Top holdings2016-09-30 1.92923C 2.Y26889 3.RHLD 4.SBLK
2016-06-30	3	$81.5M	48	192923C2Y268893SBLK Top holdings2016-06-30 1.92923C 2.Y26889 3.SBLK
2016-03-31	5	$114.3M	73	192923C2Y268893IRT Top holdings2016-03-31 1.92923C 2.Y26889 3.IRT 4.SBLK 5.STNG
2015-12-31	7	$240.1M	81	192923C2Y268893MBI Top holdings2015-12-31 1.92923C 2.Y26889 3.MBI 4.STNG 5.IRT 6.STNG 7.SBLK
2015-09-30	7	$284.0M	62	1Y268892STNG392923C Top holdings2015-09-30 1.Y26889 2.STNG 3.92923C 4.YPF 5.STNG 6.IRT 7.SBLK
2015-06-30	7	$461.5M	47	192923C2Y268893STNG Top holdings2015-06-30 1.92923C 2.Y26889 3.STNG 4.TTD 5.STNG 6.YPF 7.SBLK
2015-03-31	7	$416.0M	16	192923C2STNG 3YPF Top holdings2015-03-31 1.92923C 2.STNG 3.YPF 4.TTD 5.STNG 6.SBLK 7.MTG
2014-12-31	7	$372.5M	22	1YPF292923C3TTD Top holdings2014-12-31 1.YPF 2.92923C 3.TTD 4.STNG 5.STNG 6.SBLK 7.MTG
2014-09-30	7	$439.0M	17	1YPF 2STNG 3SBLK Top holdings2014-09-30 1.YPF 2.STNG 3.SBLK 4.92923C 5.TTD 6.STNG 7.MTG
2014-06-30	7	$440.1M	7	1SBLK 2STNG 3YPF Top holdings2014-06-30 1.SBLK 2.STNG 3.YPF 4.92923C 5.STNG 6.TTD 7.MTG
2014-03-31	8	$455.1M	45	1SBLK 2STNG392923C Top holdings2014-03-31 1.SBLK 2.STNG 3.92923C 4.YPF 5.TTD 6.STNG 7.MTG 8.USCR
2013-12-31	7	$319.0M	66	1SBLK 2STNG 3YPF Top holdings2013-12-31 1.SBLK 2.STNG 3.YPF 4.92923C 5.MTG 6.USCR 7.TTD
2013-09-30	7	$277.1M	100	10268742STNG392923C Top holdings2013-09-30 1.026874 2.STNG 3.92923C 4.SBLK 5.YPF 6.USCR 7.MTG
2013-06-30	6	$186.3M	0	1AIG 2STNG 3YPF Top holdings2013-06-30 1.AIG 2.STNG 3.YPF 4.G27823 5.USCR 6.NMM

Holding changes this quarter

Monarch Alternative Capital LP's most significant position changes for 2026-03-31: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Invesco Qqq Trust Series 1 (QQQ); New buy: Masterbrand INC (MBC); New buy: Bitfarms Ltd/canada (1B2); Trim: Echostar CORP (ECHO 3.875 11-30-30) — shares -42.98%.

Position changes disclosed by Monarch Alternative Capital LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AMBP	Ardagh Metal Packaging S.A.	-2.1%	-44.75%	Trim
2	GBTG	Global Business Travel Group	-4.4%	+9.27%	Add
3	VISN	Vistance Networks INC	-11.8%	+4.06%	Add
4	ECHO	Echostar Corp-a	-14.5%	-42.52%	Trim
5	ECHO 3.875 11-30-30	Echostar CORP	-33%	-42.98%	Trim
6	SPY	Ss Spdr S&p 500 ETF Trust-us	—	NEW	New buy
7	QQQ	Invesco Qqq Trust Series 1	—	NEW	New buy
8	MBC	Masterbrand INC	—	NEW	New buy
9	1B2	Bitfarms Ltd/canada	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2026-02-05	Amendment	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-20	Amendment	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-08-14	Amendment	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2017-08-14	Amendment	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-16	13F-HR	View on EDGAR
2015-12-31	2016-02-16	13F-HR	View on EDGAR
2015-09-30	2015-11-16	13F-HR	View on EDGAR
2015-06-30	2015-08-14	13F-HR	View on EDGAR
2015-03-31	2015-05-15	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-10-02	Amendment	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR
2014-03-31	2014-10-02	Amendment	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-13	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-13	13F-HR	View on EDGAR

FAQ

What is Monarch Alternative Capital LP and what type of investor is it?

Monarch Alternative Capital LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.6B, spread across 9 disclosed positions.

What are Monarch Alternative Capital LP's largest equity positions?

Based on the latest 13F filing, Monarch Alternative Capital LP's top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $523.5M (32.1%) 2. Invesco Qqq Trust Series 1 (QQQ) — $519.5M (31.9%) 3. Echostar CORP (ECHO 3.875 11-30-30) — $218.9M (13.4%) 4. Vistance Networks INC (VISN) — $185.8M (11.4%) 5. Echostar Corp-a (ECHO) — $97.2M (6.0%)

What changes did Monarch Alternative Capital LP make in its most recent portfolio filing?

In the latest reported quarter, Monarch Alternative Capital LP made 9 notable position adjustments: 4 new positions were initiated, 2 existing holdings were added to, 3 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Invesco Qqq Trust Series 1 (QQQ); New buy: Masterbrand INC (MBC); New buy: Bitfarms Ltd/canada (1B2); Trim: Echostar CORP (ECHO 3.875 11-30-30) — shares -42.98%

What sectors does Monarch Alternative Capital LP focus on?

Monarch Alternative Capital LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 61.0% • Information Technology: 35.8% • Consumer Discretionary: 3.2%

Peer Institutions

Institutions with a similar AUM

Philosophy Capital Management LLC

CIK 0001869199

Total reported value

$1.6B

43 stks

2026-03-31

Concentration37.3

Portfolio Stability67.0

Sector conviction46.4

AUM within 0.0% of this institution

View detail

Troluce Capital Advisors LLC

CIK 0001910321

Total reported value

$1.6B

70 stks

2026-03-31

Concentration13.2

Portfolio Stability100.0

Sector conviction54.9

AUM within 0.0% of this institution

View detail

Ae Industrial Partners, LP

CIK 0001880785

Total reported value

$1.6B

4 stks

2026-03-31

Concentration100.0

Portfolio Stability56.1

Sector conviction100.0

AUM within 0.1% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Scoggin Management LP

CIK 0001086416

Total reported value

$1.0B

51 stks

2026-03-31

Concentration66.8

Portfolio Stability72.7

Sector conviction100.0

3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Davidson Kempner Capital Management LP

CIK 0001595082

Total reported value

$7.3B

233 stks

2026-03-31

Concentration30.4

Portfolio Stability100.0

Sector conviction54.2

3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Helix Partners Management LP

CIK 0001995612

Total reported value

$373.8M

13 stks

2026-03-31

Concentration92.6

Portfolio Stability73.1

Sector conviction92.4

3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Monarch Alternative Capital LP Institutional Portfolio (13F)

CIK: 0001281084

High-turnover traderSector-focusedContrarian

Total reported value

$1.6B

Reporting period: 2026-03-31 · Number of holdings: 9

Monarch Alternative Capital LP disclosed 9 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.6B and a quarterly turnover rate of 108.4%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "M"

Personality snowflake

Concentration: 95.98
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 18
Sizing Uniformity: 88.58

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.14), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim ECHO 3.875 11-30-30
-43.0%　-$137.6M
Trim ECHO
-42.5%　-$59.8M
Trim VISN
+4.1%　$7.9M
Trim GBTG
+9.3%　-$11.1M
Trim AMBP
-44.8%　-$10.0M
New buy SPY

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	32.10%	+32.10%	NEW
2	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	31.85%	+31.85%	NEW
3	ECHO 3.875 11-30-30	Echostar CORP	Stock-Comm Services	13.42%	-33.00%	-42.98%
4	VISN	Vistance Networks INC	Stock-Tech	11.39%	-11.77%	+4.06%
5	ECHO	Echostar Corp-a	Stock-Comm Services	5.96%	-14.49%	-42.52%
6	GBTG	Global Business Travel Group	Stock-Other	2.67%	-4.44%	+9.27%
7	MBC	Masterbrand INC	Stock-Consumer Disc	1.02%	+1.02%	NEW
8	1B2	Bitfarms Ltd/canada	Stock-Other	0.85%	+0.85%	NEW
9	AMBP	Ardagh Metal Packaging S.A.	Stock-Other	0.73%	-2.13%	-44.75%

Portfolio Performance

Performance for Q3 2026

-5.2%

Performance Last 4 Quarters

+4.6%

Based on 83% of reported portfolio value with available pricing

Stdev: +24.3%
Beta: +1.28
Alpha: +14.1%
Max Drawdown: -5.2%
Annualized Perf: +36.3%
Batting Avg vs S&P: +54.5%
Sortino: +4.42
Stutzer: +0.45
Treynor: +0.27
Sterling: —
Calmar: +7.04
Information Ratio: +1.16
Tracking Error: +15.9%
Stdev Down: +7.7%
Winning Months %: +45.5%
Losing Months %: +54.5%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.52
Sharpe: +1.4
Stdev Sectors: +23.7%
Skewness: +0.59
Kurtosis: -0.99
Upside Potential: +6.68

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	9	$1.6B	100	1SPY 2QQQ 3ECHO 3.875 11-30-30 Top holdings2026-03-31 1.SPY 2.QQQ 3.ECHO 3.875 11-30-30 4.VISN 5.ECHO 6.GBTG 7.MBC 8.1B2 9.AMBP
2025-12-31	5	$768.0M	15	1ECHO 3.875 11-30-30 2VISN 3ECHO Top holdings2025-12-31 1.ECHO 3.875 11-30-30 2.VISN 3.ECHO 4.GBTG 5.AMBP
2025-09-30	5	$744.9M	100	1ECHO 3.875 11-30-30 2ECHO 3VISN Top holdings2025-09-30 1.ECHO 3.875 11-30-30 2.ECHO 3.VISN 4.GBTG 5.AMBP
2025-06-30	3	$214.8M	0	1ECHO 3.875 11-30-30 2VISN 3TPIC 5.25 03-15-28 Top holdings2025-06-30 1.ECHO 3.875 11-30-30 2.VISN 3.TPIC 5.25 03-15-28
2025-03-31	7	$1.3B	100	1SPY 2QQQ 3ECHO 3.875 11-30-30 Top holdings2025-03-31 1.SPY 2.QQQ 3.ECHO 3.875 11-30-30 4.LTM 5.ECHO 6.VISN 7.TPIC 5.25 03-15-28
2024-12-31	6	$582.6M	0	1TLN 2LTM 3ECHO 3.875 11-30-30 Top holdings2024-12-31 1.TLN 2.LTM 3.ECHO 3.875 11-30-30 4.ECHO 5.VISN 6.TPIC 5.25 03-15-28
2024-09-30	7	$654.5M	0	1TLN 2DISH 0 12-15-25 3LTM Top holdings2024-09-30 1.TLN 2.DISH 0 12-15-25 3.LTM 4.DISH 3.375 08-15-26 5.ECHO 6.TPIC 5.25 03-15-28 7.VISN
2024-06-30	5	$223.6M	0	1DISH 0 12-15-25 2DISH 3.375 08-15-26 3ECHO Top holdings2024-06-30 1.DISH 0 12-15-25 2.DISH 3.375 08-15-26 3.ECHO 4.BERYEUR 5.TPIC 5.25 03-15-28
2024-03-31	6	$224.9M	0	1DISH 0 12-15-25 2DISH 3.375 08-15-26 3BERYEUR Top holdings2024-03-31 1.DISH 0 12-15-25 2.DISH 3.375 08-15-26 3.BERYEUR 4.AVPT 5.TPIC 5.25 03-15-28 6.ECHO
2023-12-31	2	$73.2M	0	1AVPT 2BERYEUR Top holdings2023-12-31 1.AVPT 2.BERYEUR
2023-09-30	3	$109.4M	0	1BERYEUR 2AVPT 36PM Top holdings2023-09-30 1.BERYEUR 2.AVPT 3.6PM
2023-06-30	6	$1.0B	0	1SPY 2IWM 3BERYEUR Top holdings2023-06-30 1.SPY 2.IWM 3.BERYEUR 4.STWD 6.75 07-15-27 5.AVPT 6.6PM
2023-03-31	4	$171.8M	0	1BERYEUR 2W 0.625 10-01-25 3AVPT Top holdings2023-03-31 1.BERYEUR 2.W 0.625 10-01-25 3.AVPT 4.6PM
2022-12-31	8	$290.8M	0	1BERYEUR 2W 0.625 10-01-25 3GL40 Top holdings2022-12-31 1.BERYEUR 2.W 0.625 10-01-25 3.GL40 4.6PM 5.IQ 4 12-15-26 6.AVPT 7.IQ 2 04-01-25 8.RADIGUSD
2022-09-30	8	$306.1M	0	16PM 2BERYEUR 3GL40 Top holdings2022-09-30 1.6PM 2.BERYEUR 3.GL40 4.IQ 4 12-15-26 5.W 0.625 10-01-25 6.IQ 2 04-01-25 7.AVPT 8.RADIGUSD
2022-06-30	9	$349.5M	0	16PM 2BERYEUR 3GL40 Top holdings2022-06-30 1.6PM 2.BERYEUR 3.GL40 4.IQ 4 12-15-26 5.IQ 2 04-01-25 6.AVPT 7.W 0.625 10-01-25 8.RADIGUSD 9.WFRD
2022-03-31	10	$564.1M	0	16PM 2BERYEUR 3GL40 Top holdings2022-03-31 1.6PM 2.BERYEUR 3.GL40 4.PK 5.WFRD 6.APLE 7.IQ 4 12-15-26 8.IQ 2 04-01-25 9.RADIGUSD 10.AVPT
2021-12-31	14	$942.3M	0	1IWM 2QQQ 3BERYEUR Top holdings2021-12-31 1.IWM 2.QQQ 3.BERYEUR 4.AER 5.APLE 6.GL40 7.6PM 8.PK 9.IQ 4 12-15-26 10.RADIGUSD
2021-09-30	9	$444.1M	0	1AER 2APLE 3BERYEUR Top holdings2021-09-30 1.AER 2.APLE 3.BERYEUR 4.RADIGUSD 5.GL40 6.AVPT 7.WFRD 8.6PM 9.ATI
2021-06-30	8	$486.1M	100	1TLT 2AER 3APLE Top holdings2021-06-30 1.TLT 2.AER 3.APLE 4.RADIGUSD 5.GL40 6.BERYEUR 7.WFRD 8.03768F
2021-03-31	9	$1.5B	78	1TLT 2QQQ 3APLE Top holdings2021-03-31 1.TLT 2.QQQ 3.APLE 4.RADIGUSD 5.AER 6.45031U 7.GL40 8.ARI 9.FE
2020-12-31	11	$867.3M	100	1TLT 2SPY 3RADIGUSD Top holdings2020-12-31 1.TLT 2.SPY 3.RADIGUSD 4.APLE 5.45031U 6.ARI 5.375 10-15-23 7.FE 8.ARI 9.OIS 1.5 02-15-23 10.PEB
2020-09-30	7	$587.6M	36	1SPY 2ARI 5.375 10-15-23 3PEB Top holdings2020-09-30 1.SPY 2.ARI 5.375 10-15-23 3.PEB 4.PK 5.APLE 6.PCG 7.OIS 1.5 02-15-23
2020-06-30	3	$738.1M	78	1SPY 2ARI 4.75 08-23-22 3ARI 5.375 10-15-23 Top holdings2020-06-30 1.SPY 2.ARI 4.75 08-23-22 3.ARI 5.375 10-15-23
2020-03-31	4	$1.5B	99	1SPY 2WMB 3UNIT Top holdings2020-03-31 1.SPY 2.WMB 3.UNIT 4.868157
2019-12-31	5	$888.3M	35	1SPY 2HYG 3PCG Top holdings2019-12-31 1.SPY 2.HYG 3.PCG 4.UNIT 5.868157
2019-09-30	6	$1.1B	46	1SPY 2HYG 3ARCH1EUR Top holdings2019-09-30 1.SPY 2.HYG 3.ARCH1EUR 4.PCG 5.UNIT 6.XECEUR
2019-06-30	8	$807.2M	69	1SPY 2HYG 3ARCH1EUR Top holdings2019-06-30 1.SPY 2.HYG 3.ARCH1EUR 4.PCG 5.UNIT 6.XECEUR 7.OIBR-USD 8.ASCMA
2019-03-31	9	$1.4B	52	1SPY 2HYG 3ARCH1EUR Top holdings2019-03-31 1.SPY 2.HYG 3.ARCH1EUR 4.XECEUR 5.STNG 6.CZREUR 7.OIBR-USD 8.WFRD 5.875 07-01-21 9.EPEEUR
2018-12-31	10	$1.8B	59	1HYG 2SPY 3VICI Top holdings2018-12-31 1.HYG 2.SPY 3.VICI 4.ARCH1EUR 5.RHLD 6.CZREUR 7.STNG 8.OIBR-USD 9.EPEEUR
2018-09-30	11	$1.6B	96	1SPY 2VICI 3ARCH1EUR Top holdings2018-09-30 1.SPY 2.VICI 3.ARCH1EUR 4.HYG 5.RHLD 6.CZREUR 7.PCG 8.OIBR-USD 9.STNG 10.EPEEUR
2018-06-30	8	$631.6M	71	1VICI 2ARCH1EUR 3RHLD Top holdings2018-06-30 1.VICI 2.ARCH1EUR 3.RHLD 4.84860W 5.STNG 6.SPY 7.PCG 8.HYG
2018-03-31	7	$1.2B	48	1SPY 2VICI 3ARCH1EUR Top holdings2018-03-31 1.SPY 2.VICI 3.ARCH1EUR 4.RHLD 5.84860W 6.REFI 7.STNG
2017-12-31	7	$1.0B	49	1SPY 2ARCH1EUR 3RHLD Top holdings2017-12-31 1.SPY 2.ARCH1EUR 3.RHLD 4.CZREUR 5.STNG 6.REFI 7.84860W
2017-09-30	6	$1.5B	35	1SPY 2ARCH1EUR384860W Top holdings2017-09-30 1.SPY 2.ARCH1EUR 3.84860W 4.RHLD 5.STNG 6.UNIT
2017-06-30	5	$1.1B	15	1SPY 2ARCH1EUR384860W Top holdings2017-06-30 1.SPY 2.ARCH1EUR 3.84860W 4.RHLD 5.SBLK
2017-03-31	5	$1.0B	100	1SPY 2ARCH1EUR 3RHLD Top holdings2017-03-31 1.SPY 2.ARCH1EUR 3.RHLD 4.969490 5.SBLK
2016-12-31	6	$383.4M	100	1ARCH1EUR292923C3RHLD Top holdings2016-12-31 1.ARCH1EUR 2.92923C 3.RHLD 4.969490 5.Y26889 6.SBLK
2016-09-30	4	$108.6M	43	192923C2Y268893RHLD Top holdings2016-09-30 1.92923C 2.Y26889 3.RHLD 4.SBLK
2016-06-30	3	$81.5M	48	192923C2Y268893SBLK Top holdings2016-06-30 1.92923C 2.Y26889 3.SBLK
2016-03-31	5	$114.3M	73	192923C2Y268893IRT Top holdings2016-03-31 1.92923C 2.Y26889 3.IRT 4.SBLK 5.STNG
2015-12-31	7	$240.1M	81	192923C2Y268893MBI Top holdings2015-12-31 1.92923C 2.Y26889 3.MBI 4.STNG 5.IRT 6.STNG 7.SBLK
2015-09-30	7	$284.0M	62	1Y268892STNG392923C Top holdings2015-09-30 1.Y26889 2.STNG 3.92923C 4.YPF 5.STNG 6.IRT 7.SBLK
2015-06-30	7	$461.5M	47	192923C2Y268893STNG Top holdings2015-06-30 1.92923C 2.Y26889 3.STNG 4.TTD 5.STNG 6.YPF 7.SBLK
2015-03-31	7	$416.0M	16	192923C2STNG 3YPF Top holdings2015-03-31 1.92923C 2.STNG 3.YPF 4.TTD 5.STNG 6.SBLK 7.MTG
2014-12-31	7	$372.5M	22	1YPF292923C3TTD Top holdings2014-12-31 1.YPF 2.92923C 3.TTD 4.STNG 5.STNG 6.SBLK 7.MTG
2014-09-30	7	$439.0M	17	1YPF 2STNG 3SBLK Top holdings2014-09-30 1.YPF 2.STNG 3.SBLK 4.92923C 5.TTD 6.STNG 7.MTG
2014-06-30	7	$440.1M	7	1SBLK 2STNG 3YPF Top holdings2014-06-30 1.SBLK 2.STNG 3.YPF 4.92923C 5.STNG 6.TTD 7.MTG
2014-03-31	8	$455.1M	45	1SBLK 2STNG392923C Top holdings2014-03-31 1.SBLK 2.STNG 3.92923C 4.YPF 5.TTD 6.STNG 7.MTG 8.USCR
2013-12-31	7	$319.0M	66	1SBLK 2STNG 3YPF Top holdings2013-12-31 1.SBLK 2.STNG 3.YPF 4.92923C 5.MTG 6.USCR 7.TTD
2013-09-30	7	$277.1M	100	10268742STNG392923C Top holdings2013-09-30 1.026874 2.STNG 3.92923C 4.SBLK 5.YPF 6.USCR 7.MTG
2013-06-30	6	$186.3M	0	1AIG 2STNG 3YPF Top holdings2013-06-30 1.AIG 2.STNG 3.YPF 4.G27823 5.USCR 6.NMM

Holding changes this quarter

Position changes disclosed by Monarch Alternative Capital LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AMBP	Ardagh Metal Packaging S.A.	-2.1%	-44.75%	Trim
2	GBTG	Global Business Travel Group	-4.4%	+9.27%	Add
3	VISN	Vistance Networks INC	-11.8%	+4.06%	Add
4	ECHO	Echostar Corp-a	-14.5%	-42.52%	Trim
5	ECHO 3.875 11-30-30	Echostar CORP	-33%	-42.98%	Trim
6	SPY	Ss Spdr S&p 500 ETF Trust-us	—	NEW	New buy
7	QQQ	Invesco Qqq Trust Series 1	—	NEW	New buy
8	MBC	Masterbrand INC	—	NEW	New buy
9	1B2	Bitfarms Ltd/canada	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2026-02-05	Amendment	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-20	Amendment	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-08-14	Amendment	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2017-08-14	Amendment	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-16	13F-HR	View on EDGAR
2015-12-31	2016-02-16	13F-HR	View on EDGAR
2015-09-30	2015-11-16	13F-HR	View on EDGAR
2015-06-30	2015-08-14	13F-HR	View on EDGAR
2015-03-31	2015-05-15	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-10-02	Amendment	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR
2014-03-31	2014-10-02	Amendment	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-13	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-13	13F-HR	View on EDGAR