Q1 2026 · 13F-HR
Monarch Alternative Capital LPholdings as filed
Filed 2026-05-15 · accession 0000899140-26-000579
$1.63B
Reported value
9
Positions
2026-03-31
Period end
The Brief · Monarch Alternative Capital LP · Q1 2026
AI · grounded in 13F
Monarch Alternative Capital LP established a new position in SPY valued at $523.5M. The fund also initiated a new stake in QQQ for $519.5M and added MBC with a $16.6M investment. On the sell side, the fund trimmed its holdings in AMBP by 44.8% and reduced its exposure to SATS by 42.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $523.5M | 32.1% | 805,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $519.5M | 31.8% | 900,000 | PUT | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $218.9M | 13.4% | 60,000,000 | Common | SOLE |
| 20337X109 | VISN | VISTANCE NETWORKS INC | $185.8M | 11.4% | 10,208,303 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $97.2M | 5.96% | 830,655 | Common | SOLE |
| 37890B100 | GBTG | GLOBAL BUSINESS TRAVEL GROUP | $43.5M | 2.67% | 7,800,000 | Common | SOLE |
| 57638P104 | MBC | MASTERBRAND INC | $16.6M | 1.02% | 2,000,000 | Common | SOLE |
| 09173B107 | 1B2 | BITFARMS LTD | $13.9M | 0.85% | 7,150,000 | Common | SOLE |
| L02235106 | AMBP | ARDAGH METAL PACKAGING S A | $12.0M | 0.73% | 2,955,738 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.