MA
Monarch Alternative Capital LP 13F Portfolio Snapshot & Holdings (Q2 2026)
Monarch Alternative Capital LPCIK: 0001281084
High-turnover traderSector-focusedContrarian
Total reported value
$707.2M
Reporting period: 2026-06-30 · Number of holdings: 8
Monarch Alternative Capital LP disclosed 8 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $707.2M and a quarterly turnover rate of 141.4%.
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Personality snowflake
- Concentration
- 81.7
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 16
- Sizing Uniformity
- 91.49
Monarch Alternative Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.204 — mathematically equivalent to about 5 equally-sized positions, close to its 8 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.85), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 6.2 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out SPY
Sold out QQQ
New buy KEEL
Add ECHO
+96.2% $68.2M
New buy CORZ
Add ECHO 3.875 11-30-30
0.0% -$32.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ECHO 3.875 11-30-30Bond | Echostar CORP | Bond | 26.44% | +13.02% | — | |
| 2 | ECHO | Echostar Corp-a | Stock-Comm Services | 23.40% | +17.44% | +96.25% | |
| 3 | KEEL | Keel Infrastructure CORP | Stock-Other | 21.33% | +21.33% | NEW | |
| 4 | CORZ | Core Scientific Inc | Stock-Tech | 16.65% | +16.65% | NEW | |
| 5 | VISN | Vistance Networks Inc | Stock-Tech | 5.87% | -5.52% | -68.16% | |
| 6 | MBC | Masterbrand Inc | Stock-Consumer Disc | 5.38% | +4.36% | +85.00% | |
| 7 | ✓ | Stock-Other | 0.57% | +0.57% | NEW | ||
| 8 | FWRD | Forward Air CORP | Stock-Other | 0.36% | +0.36% | NEW |
Portfolio Performance
Performance for Q3 2026
-3.1%
Performance Last 4 Quarters
+54.3%
Based on 86% of reported portfolio value with available pricing
- Stdev
- +28.5%
- Beta
- +1.14
- Alpha
- +32.6%
- Max Drawdown
- -7.4%
- Annualized Perf
- +55.3%
- Batting Avg vs S&P
- +62.5%
- Sortino
- +6.2
- Stutzer
- +0.56
- Treynor
- +0.43
- Sterling
- +3.33
- Calmar
- +7.47
- Information Ratio
- +1.49
- Tracking Error
- +23.1%
- Stdev Down
- +7.8%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +121.3%
- Worst 12 Months
- +27.4%
- Efficiency Ratio
- +0.9
- Sharpe
- +1.7
- Stdev Sectors
- +23.5%
- Skewness
- +1.1
- Kurtosis
- +1.2
- Upside Potential
- +8.14
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 8 | $707.2M | 100 | ||
| 2026 Q1 | 9 | $1.6B | 100 | ||
| 2025 Q4 | 5 | $768.0M | 15 | ||
| 2025 Q3 | 5 | $744.9M | 100 | ||
| 2025 Q2 | 3 | $214.8M | 0 | ||
| 2025 Q1 | 7 | $1.3B | 100 | ||
| 2024 Q4 | 6 | $582.6M | 0 | ||
| 2024 Q3 | 7 | $654.5M | 0 | ||
| 2024 Q2 | 5 | $223.6M | 0 | ||
| 2024 Q1 | 6 | $224.9M | 0 | ||
| 2023 Q4 | 2 | $73.2M | 0 | ||
| 2023 Q3 | 3 | $109.4M | 0 | ||
| 2023 Q2 | 6 | $1.0B | 0 | ||
| 2023 Q1 | 4 | $171.8M | 0 | ||
| 2022 Q4 | 8 | $290.8M | 0 | ||
| 2022 Q3 | 8 | $306.1M | 0 | ||
| 2022 Q2 | 9 | $349.5M | 0 | ||
| 2022 Q1 | 10 | $564.1M | 0 | ||
| 2021 Q4 | 14 | $942.3M | 0 | ||
| 2021 Q3 | 9 | $444.1M | 0 | ||
| 2021 Q2 | 8 | $486.1M | 100 | ||
| 2021 Q1 | 9 | $1.5B | 78 | ||
| 2020 Q4 | 11 | $867.3M | 100 | ||
| 2020 Q3 | 7 | $587.6M | 36 | ||
| 2020 Q2 | 3 | $738.1M | 78 | ||
| 2020 Q1 | 4 | $1.5B | 99 | ||
| 2019 Q4 | 5 | $888.3M | 35 | ||
| 2019 Q3 | 6 | $1.1B | 46 | ||
| 2019 Q2 | 8 | $807.2M | 69 | ||
| 2019 Q1 | 9 | $1.4B | 52 | ||
| 2018 Q4 | 10 | $1.8B | 59 | ||
| 2018 Q3 | 11 | $1.6B | 96 | ||
| 2018 Q2 | 8 | $631.6M | 71 | ||
| 2018 Q1 | 7 | $1.2B | 48 | ||
| 2017 Q4 | 7 | $1.0B | 49 | ||
| 2017 Q3 | 6 | $1.5B | 35 | ||
| 2017 Q2 | 5 | $1.1B | 15 | ||
| 2017 Q1 | 5 | $1.0B | 100 | ||
| 2016 Q4 | 6 | $383.4M | 100 | ||
| 2016 Q3 | 4 | $108.6M | 43 | ||
| 2016 Q2 | 3 | $81.5M | 48 | ||
| 2016 Q1 | 5 | $114.3M | 73 | ||
| 2015 Q4 | 7 | $240.1M | 81 | ||
| 2015 Q3 | 7 | $284.0M | 62 | ||
| 2015 Q2 | 7 | $461.5M | 47 | ||
| 2015 Q1 | 7 | $416.0M | 16 | ||
| 2014 Q4 | 7 | $372.5M | 22 | ||
| 2014 Q3 | 7 | $439.0M | 17 | ||
| 2014 Q2 | 7 | $440.1M | 7 | ||
| 2014 Q1 | 8 | $455.1M | 45 | ||
| 2013 Q4 | 7 | $319.0M | 66 | ||
| 2013 Q3 | 7 | $277.1M | 100 | ||
| 2013 Q2 | 6 | $186.3M | 0 |
Holding changes this quarter
Monarch Alternative Capital LP's most significant position changes for 2026-06-30: Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); Sold out: Invesco Qqq Trust Series 1 (QQQ); New buy: Keel Infrastructure CORP (KEEL); New buy: Core Scientific Inc (CORZ); Sold out: Global Business Travel Group (GBTG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KEEL | Keel Infrastructure CORP | +21.3% | NEW | New buy |
| 2 | ECHO | Echostar Corp-a | +17.4% | +96.25% | Add |
| 3 | CORZ | Core Scientific Inc | +16.7% | NEW | New buy |
| 4 | ECHO 3.875 11-30-30Bond | Echostar CORP | +13% | — | Unchanged |
| 5 | MBC | Masterbrand Inc | +4.4% | +85.00% | Add |
| 6 | ✓ | +0.6% | NEW | New buy | |
| 7 | FWRD | Forward Air CORP | +0.4% | NEW | New buy |
| 8 | AMBP | Ardagh Metal Packaging S.A. | -0.7% | EXIT | Sold out |
| 9 | 1B2 | Bitfarms Ltd/canada | -0.9% | EXIT | Sold out |
| 10 | GBTG | Global Business Travel Group | -2.7% | EXIT | Sold out |
| 11 | VISN | Vistance Networks Inc | -5.5% | -68.16% | Trim |
| 12 | QQQ | Invesco Qqq Trust Series 1 | -31.9% | EXIT | Sold out |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | -32.1% | EXIT | Sold out |
Filing History
FAQ
What is Monarch Alternative Capital LP and what type of investor is it?
Monarch Alternative Capital LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $707.2M, spread across 8 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. Echostar CORP (ECHO 3.875 11-30-30) — $187.0M (26.4%)
2. Echostar Corp-a (ECHO) — $165.5M (23.4%)
3. Keel Infrastructure CORP (KEEL) — $150.9M (21.3%)
4. Core Scientific Inc (CORZ) — $117.7M (16.6%)
5. Vistance Networks Inc (VISN) — $41.5M (5.9%)
What changes did Monarch Alternative Capital LP make in its most recent portfolio filing?
In the latest reported quarter, Monarch Alternative Capital LP made 12 notable position adjustments: 4 new positions were initiated, 2 existing holdings were added to, 1 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); Sold out: Invesco Qqq Trust Series 1 (QQQ); New buy: Keel Infrastructure CORP (KEEL); New buy: Core Scientific Inc (CORZ); Sold out: Global Business Travel Group (GBTG)
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: 64.1%
• Information Technology: 29.0%
• Consumer Discretionary: 6.9%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Monarch Alternative Capital LP returned an annualized 55.3% over the trailing 24 months — outperforming the S&P 500 by 32.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.14 (more volatile than the market) and a 63% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 64.1% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has trimmed its ECHO 3.875 11-30-30 position for two straight quarters, cutting it by $169.5M while still holding $187.0M.
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Developer Access
Access Monarch Alternative Capital LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/monarch-alternative-capital-lpCLI
npx alphasmo institutions get monarch-alternative-capital-lp