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MAC
Monarch Alternative Capital Portfolio holdings
AUM
$707M
1-Year Est. Return
177.52%
This Fund
S&P 500
This Quarter
Est. Return
+49.93%
1 Year Est. Return
+177.52%
3 Year Est. Return
+497.16%
5 Year Est. Return
+530.8%
10 Year Est. Return
+1,526.29%
AUM
$707M
AUM Growth
-$924M
(-57%)
Cap. Flow
-$67.1M
Cap. Flow
% of AUM
-9.49%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
12
New
3
Increased
3
Reduced
1
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Core Scientific
CORZ
|
+$108M |
| 2 |
ECHO
EchoStar
ECHO
|
+$97.7M |
| 3 |
KEEL
Keel Infrastructure Corp
KEEL
|
+$82.2M |
| 4 |
MasterBrand
MBC
|
+$14.5M |
| 5 |
Forward Air
FWRD
|
+$2.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VISN
Vistance Networks Inc
VISN
|
+$98.2M |
| 2 |
American Express Global Business Travel
GBTG
|
+$43.5M |
| 3 |
Ardagh Metal Packaging
AMBP
|
+$12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.85% |
| 2 | Miscellaneous | 27.01% |
| 3 | Communication Services | 23.4% |
| 4 | Consumer Discretionary | 5.38% |
| 5 | Industrials | 0.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ECHO
1
EchoStar
ECHO
$26.1B
| $165M | 23.4% |
1,630,124
+799,469
| +96% | +$97.7M |
|
|
KEEL
2
Keel Infrastructure Corp
KEEL
$2.14B
| $151M | 21.33% |
26,285,000
+19,135,000
| +268% | +$82.2M |
|
|
3
Core Scientific
CORZ
$5.75B
| $118M | 16.65% |
+4,600,000
| New | +$108M |
|
|
VISN
4
Vistance Networks Inc
VISN
$1.48B
| $41.5M | 5.87% |
3,250,000
-6,958,303
| -68% | -$98.2M |
|
|
5
MasterBrand
MBC
$1.73B
| $38.1M | 5.38% |
3,700,000
+1,700,000
| +85% | +$14.5M |
|
|
SPCX
6
PUT
SpaceX
SPCX
$1.95T
| $4.02M | 0.57% |
+23,500
| New | +$3.99M |
|
|
7
Forward Air
FWRD
$604M
| $2.55M | 0.36% |
+189,000
| New | +$2.82M |
|
|
8
Ardagh Metal Packaging
AMBP
$2.99B
| – | – |
-2,955,738
| Closed | -$12M |
|
|
9
American Express Global Business Travel
GBTG
$4.95B
| – | – |
-7,800,000
| Closed | -$43.5M |
|
10
PUT
Invesco QQQ Trust
QQQ
$489B
| – | – |
-900,000
| Closed | -$519M |
|
11
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| – | – |
-805,000
| Closed | -$524M |
|
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VIS
Monarch Alternative Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Monarch Alternative Capital held 12 positions worth $707M, down 57% from $1.63B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Monarch Alternative Capital withdrew a net $67.1M in Q2 2026, closing 4 positions and reducing 1 holding. Its most notable exit was American Express Global Business Travel, an estimated $43.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 44% of assets, up from 12% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Monarch Alternative Capital opened a new position in Core Scientific worth $118M.
- Monarch Alternative Capital's largest Q2 2026 buy was Core Scientific: 4,600,000 shares worth $118M.
- Monarch Alternative Capital added most to EchoStar in Q2 2026, an estimated $97.7M increase.
- Monarch Alternative Capital's biggest Q2 2026 reduction was Vistance Networks Inc, cutting an estimated $98.2M.
- Monarch Alternative Capital fully exited American Express Global Business Travel in Q2 2026, selling an estimated $43.5M.
- Monarch Alternative Capital's ten largest holdings make up 100% of its $707M portfolio in Q2 2026.
- Monarch Alternative Capital opened 3 new positions and closed 4 in Q2 2026.
- Monarch Alternative Capital's portfolio value fell 57% quarter-over-quarter to $707M.
Based on Monarch Alternative Capital's 13F filing for Q2 2026, filed 14 Aug 2026.