Monarch Alternative Capital LP
Monarch Alternative Capital LP reported 6 US-listed holdings worth $516.2 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: EchoStar Corp. (32.1%), Keel Infrastructure Corp. Com SHS (29.2%) and Core Scientific Inc. New (22.8%). Against the quarter before, it opened 3 positions, added to 2, trimmed 1 and sold out of 3.
The 6 largest of its 6 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +196.8% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 3
- Keel Infrastructure Corp. Com SHS KEEL$150.9 million
- Core Scientific Inc. New CORZ$117.7 million
- Forward Air Corp. FWRD$2.6 million
Added to 2
- EchoStar Corp. ECHO+799,469 shares · +96%
- MasterBrand, Inc. MBC+1.7 million shares · +85%
Trimmed 1
- Commscope Hldg Co. Inc. VISN-7.0 million shares · -68%
Sold out of 3
- Global Business Travel Group GBTG$43.5 million last quarter
- Bitfarms Ltd BITF$13.9 million last quarter
- Ardagh Metal Packaging S A AMBP$12.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| EchoStar Corp. ECHO | 1.6M | $165.5 million | 32.05% | +799.5K |
| Keel Infrastructure Corp. Com SHS KEEL | 26.3M | $150.9 million | 29.23% | new |
| Core Scientific Inc. New CORZ | 4.6M | $117.7 million | 22.80% | new |
| Commscope Hldg Co. Inc. VISN | 3.2M | $41.5 million | 8.05% | -7.0M |
| MasterBrand, Inc. MBC | 3.7M | $38.1 million | 7.38% | +1.7M |
| Forward Air Corp. FWRD | 189.0K | $2.6 million | 0.49% | new |
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Change is shares against its 13F for the quarter before; the 3 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Space Exploration Techn Corp. Class A Com STK SPCX | Puts | 23.5K | $4.0 million |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.