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MONARCH ALTERNATIVE CAPITAL LP

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NEW YORK NY Investment Advisor Hedge Fund Activist Investor
13F Summary
Monarch Alternative Capital is based out of New York. Monarch Alternative Capital is a hedge fund with 59 clients and discretionary assets under management (AUM) of $16,038,256,675 (Form ADV from 2025-03-28). Their last reported 13F filing for Q1 2025 included $1,300,318,264 in managed 13F securities and a top 10 holdings concentration of 100.0%. Monarch Alternative Capital's largest holding is SPDR S&P 500 ETF TRUST with shares held of 1,575,000. Whalewisdom has at least 76 13F filings, 43 13D filings, 20 13G filings, and 11 Form 4 filings
Business Description
The Adviser provides discretionary investment advisory services to pooled investment vehicles ("Funds") intended for sophisticated investors like institutional investors and high net worth individuals. They may also provide discretionary investment advisory services to private funds established by third parties ("Third Party Funds"). Additionally, the Adviser provides and may in the future provide non-discretionary investment advisory services, including to Third Party Funds, subject to minimum investment sizes and other requirements. As of December 31, 2024, the Adviser managed approximately $15,273.8 billion in assets, including unfunded and contingent commitments. Of this amount, $465.9 million is non-discretionary, and $0.9 million is attributable to a proprietary account that does not actively trade. The Adviser does not participate in wrap fee programs.
Investment Strategy
Clients' portfolios are managed utilizing an opportunistic, event-driven strategy, with investment targets and limitations tailored for each Client and reflected in the relevant Governing Documents. Some Clients' strategies involve a diversified portfolio with a preference for senior debt while maintaining flexibility to invest throughout the capital structure. Other Clients’ strategies provide for an emphasis on longer-term credit and real estate opportunities. The Adviser also manages Clients focused exclusively on real estate. For all Clients, there is a focus on opportunities with the potential for process control, including from distress, restructuring, or other complexity. The Adviser may in the future manage Clients with other non-diversified or co-investment strategies, including those focused on a particular market segment or asset class; Third Party Funds.
Known Email Addresses
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Other Contact Information
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2025-03-31

Top Buys (13F)

Name % Change
SPY SPDR S&P 500 ETF TRU (PUT) 67.76%
QQQ Invesco QQQ Trust, S (PUT) 9.56%
COMM CommScope Holding Co -0.7%

2025-03-31

Top Sells (13F)

Name % Change
TLN Talen Energy Corp 50.14%
LTM LATAM Airlines Group 11.19%
DEBT-TPI TPI COMPOSITES INC N (PRN) 0.98%

2025-03-31

13F Holdings Summary

Name $ Change
SPY SPDR S&P 500 ETF TRU(PUT) 67.76%
QQQ Invesco QQQ Trust, S(PUT) 9.56%
DEBT-ECHO ECHOSTAR CORP NOTE 3(PRN) 7.77%
LTM LATAM Airlines Group 7.22%
SATS EchoStar Corp 5.61%

2025-03-31

13F Activity

Market Value $1.30b, Prior: $0.58b
Inflows (Outflows) as % of Total MV +25.637%
New Purchases 2 stocks
Added To 1 stocks
Sold out of 1 stocks
Reduced holdings in 2 stocks
Top 10 Holdings % 100%
Turnover %[1] 37.5%
Turnover Alt %[2] 24.39%
Time Held Top 20 1.8571 quarters
Time Held Top 10 1.8571 quarters
Time Held All 1.86 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2025-03-31

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2025-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31

Portfolio Performance