Anchorage Capital Advisors, L.P.

NEW YORK, NY · CIK 2007642 · 13F filing filed 2024-08-14

SEC-registered investment adviser since 2024 · limited partnership

Assets managed$27.8bn
Staff88 · 42 in investment roles
Main clients (by assets)Private funds 97%, State and local governments 3%
Private funds84 (23 hedge) · $27.5bn gross assets
Websiteanchoragecapital.com
Form ADV · 2026-08-27SEC adviser record

Legal entityANCHORAGE CAPITAL ADVISORS, L.P. (US)

$167.1m reported value -22.7% vs Q1 2024

5positions

100.0%in top 10

0 new 0 added 1 reduced 1 sold out vs Q1 2024

Options: 0 call positions (— notional), 1 put positions ($195.9m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Anchorage Collateral Management, L.L.C. – reports through this filing
Anchorage Opportunities Advisor, L.L.C. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2024

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	DISH NETWORK CORPORATION NOTE 3.375% 8/1 · principal DISH 3.375 08.15.26 · principal	DISH 3.375 08.15.26	90,000,000	$56.5m33.85%	33.85%	Reduced -26.5m	-26,548,000 -22.8%
2	LIBERTY MEDIA CORP DEL DEB 3.750% 2/1 · principal LINTA 3.75 02.15.30 · principal	LINTA 3.75 02.15.30	122,933,000	$44.2m26.43%	26.43%	Unchanged
3	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	1,366,667	$35.8m21.42%	21.42%	Unchanged
4	LIBERTY MEDIA CORP DEL DEB 4.000%11/1 · principal LINTA 4 11.15.29 · principal	LINTA 4 11.15.29	66,801,000	$19.8m11.83%	11.83%	Unchanged
5	THE REALREAL INC NOTE 1.000% 3/0 · principal REAL 1 03.01.28 · principal	REAL 1 03.01.28	22,720,000	$10.8m6.48%	6.48%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
LENDINGTREE INC TREE 0.5 07.15.25	TREE 0.5 07.15.25	22,250,000	$20.8m22.2m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	360,000	$195.9m360.0k 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
NEXTERA ENERGY PARTNERS LP XIFR · 13G · filed 2026-08-14	XIFR	8.6%≈ $96.2m	+1.3 pts	13G	2026-08-14