Monarch Alternative Capital LP

New York, NY · CIK 1281084 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited partnership

Assets managed$16.7bn
Staff107 · 42 in investment roles
Main clients (by assets)Private funds 99%
Private funds44 (41 hedge) · $34.4bn gross assets
Websitemonarchlp.com
Form ADV · 2026-07-31SEC adviser record

Legal entityMONARCH ALTERNATIVE CAPITAL LP (US)

$703.2m reported value +19.6% vs Q1 2026

7positions

100.0%in top 10

3 new 2 added 1 reduced 3 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($4.0m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ECHOSTAR CORP NOTE 3.875%11/3 · principal ECHO 3.875 11.30.30 · principal	ECHO 3.875 11.30.30	60,000,000	$187.0m26.59%	26.59%	Unchanged
2	ECHOSTAR CORP CL A ECHO	ECHO	1,630,124	$165.5m23.53%	23.53%	Added +799.5k	+799,469 96.2%
3	KEEL INFRASTRUCTURE CORP COM SHS KEEL	KEEL	26,285,000	$150.9m21.46%	21.46%	New
4	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	4,600,000	$117.7m16.74%	16.74%	New
5	COMMSCOPE HLDG CO INC COM VISN	VISN	3,250,000	$41.5m5.91%	5.91%	Reduced -7.0m	-6,958,303 -68.2%
6	MASTERBRAND INC COMMON STOCK MBC	MBC	3,700,000	$38.1m5.41%	5.41%	Added +1.7m	+1,700,000 85.0%
7	FORWARD AIR CORP COM FWRD	FWRD	189,000	$2.6m0.36%	0.36%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GLOBAL BUSINESS TRAVEL GROUP		7,800,000	$43.5m7.8m shares
BITFARMS LTD BITF	BITF	7,150,000	$13.9m7.2m shares
ARDAGH METAL PACKAGING S A AMBP	AMBP	2,955,738	$12.0m3.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPACE EXPLORATION TECHN CORP SPCX · Put	SPCX	Put	23,500	$4.0m23.5k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CAPSTONE GREEN ENERGY CORP COM CEPL · 13D · filed 2026-10-26	CEPL	39.8%	-0.3 pts	13D	2026-10-26