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MAC

Monarch Alternative Capital Portfolio holdings

AUM $1.63B
1-Year Est. Return 125.01%
This Fund
S&P 500
This Quarter Est. Return
+6.74%
1 Year Est. Return
+125.01%
3 Year Est. Return
+340.83%
5 Year Est. Return
+332.95%
10 Year Est. Return
+874.09%
AUM
$807M
AUM Growth
-$614M
Cap. Flow
-$636M
Cap. Flow %
-78.81%
Top 10 Hldgs %
100%
Holding
11
New
3
Increased
–
Reduced
3
Closed
3

Top Buys

1
PCG icon
PG&E
PCG
+$34.2M
2
ASCMA
Ascent Capital Group, Inc. Series A
ASCMA
+$43K

Top Sells

1
STNG icon
Scorpio Tankers
STNG
+$15.6M
2
CZR
Caesars Entertainment Corporation
CZR
+$9.13M
3
ARCH
Arch Resources, Inc.
ARCH
+$5.75M
4
EPE
EP Energy Corporation
EPE
+$224K

Sector Composition

1 Energy 16.29%
2 Utilities 4.83%
3 Communication Services 1.13%
4 Industrials 0.01%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$413M 51.22%
1,411,100
-1,674,400
-54% -$482M
HYG icon
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
$176M 21.82%
2,020,000
-2,331,500
-54% -$201M
ARCH
3
DELISTED
Arch Resources, Inc.
ARCH
$110M 13.58%
1,163,585
-62,800
-5% -$5.75M
PCG icon
4
PG&E
PCG
$38.1B
$39M 4.83%
+1,701,610
New +$34.2M
UNIT
5
PUT
Uniti Group
UNIT
$2.68B
$38M 4.71%
+4,000,000
New +$43.7M
XEC
6
DELISTED
CIMAREX ENERGY CO
XEC
$21.8M 2.71%
368,092
– –
OIBR.C
7
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$9.13M 1.13%
4,540,113
– –
ASCMA
8
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
$51K 0.01%
+47,402
New +$43K
STNG icon
9
Scorpio Tankers
STNG
$3.81B
– –
-785,169
Closed -$15.6M
EPE
10
DELISTED
EP Energy Corporation
EPE
– –
-859,800
Closed -$224K
CZR
11
DELISTED
Caesars Entertainment Corporation
CZR
– –
-1,050,000
Closed -$9.13M

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TCA
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AIP
AE Industrial Partners Boca Raton, Florida $1.63B AUM 5.44% 1-Year Est. Return
SWA
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SC
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MRG
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SFG
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GIP
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Monarch Alternative Capital's Q2 2019 Portfolio in Review

As of Q2 2019, Monarch Alternative Capital held 11 positions worth $807M, down 43% from $1.42B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Monarch Alternative Capital withdrew a net $636M in Q2 2019, closing 3 positions and reducing 3 holdings. Its most notable exit was Scorpio Tankers, an estimated $15.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 16% of assets, up from 11% a quarter earlier, followed by Utilities and Communication Services.

Against the trend, Monarch Alternative Capital opened a new position in PG&E worth $39M.

  • Monarch Alternative Capital's largest Q2 2019 buy was PG&E: 1,701,610 shares worth $39M.
  • Monarch Alternative Capital's biggest Q2 2019 reduction was Arch Resources, Inc., cutting an estimated $5.75M.
  • Monarch Alternative Capital fully exited Scorpio Tankers in Q2 2019, selling an estimated $15.6M.
  • Monarch Alternative Capital's ten largest holdings make up 100% of its $807M portfolio in Q2 2019.
  • Monarch Alternative Capital opened 3 new positions and closed 3 in Q2 2019.
  • Monarch Alternative Capital's portfolio value fell 43% quarter-over-quarter to $807M.

Based on Monarch Alternative Capital's 13F filing for Q2 2019, filed 14 Aug 2019.