Alta Fundamental Advisers LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Alta Fundamental Advisers LLC reported 15 stock positions worth $197.7 million . Its top holding was Lucky Strike Entertainment C (LUCK) at 23.8% of the portfolio, followed by Alpha Metallurgical Resource (AMR, 21.8% ) and USA Today (TDAY, 16.2% ). Compared with Q4 2023, it opened 4 new positions, sold out of 1, added to 4 and reduced 1. The biggest buy was a new position in Public Service Enterprise GP (PEG) and the biggest sale Alpha Metallurgical Resource (AMR, shares −34% ).
Location NEW YORK, NY
CIK 0001641604
Portfolio Value $197.7M (Q1 2024) Holdings 15 stocks · $197.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 LUCK Lucky Strike Entertainment C filed as BOWLERO CORP 3,433,827 $47.0M Add +3.0% AMR Alpha Metallurgical Resource 130,224 $43.1M Reduce -33.6% TDAY USA Today Co. Inc. filed as GANNETT CO INC 13,146,482 $32.1M No change EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 213,940 $19.0M No change PEG Public Service Enterprise GP 200,000 $13.4M New ARQ Arq Inc. 2,031,614 $13.2M No change ANIK Anika Therapeutics Inc. 261,382 $6.6M Add +35.8% AQN Algonquin Power & Utilities 750,000 $4.7M New MIST Milestone Pharmaceuticals Inc. 2,371,289 $4.2M Add +41.9% MURA Mural Oncology PLC 723,261 $3.5M Add +20.5% ACHR Archer Aviation Inc. Class A 722,019 $3.3M No change GNW Genworth Financial Inc. 400,000 $2.6M New INDV Indivior Ltd. 150,000 $2.5M No change ABX Abacus Global Management Inc. 180,000 $2.2M No change DK Delek US Holdings Inc. 5,000 $154K New
Options reported separately and not counted above: PUBLIC SVC ENTERPRISE GRP IN calls ($48.8M), MEDICAL PPTYS TRUST INC calls ($7.0M), VALLEY NATL BANCORP puts ($6.0M), CITIGROUP INC puts ($2.0M), ENVIVA INC calls ($636K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.3M (not counted above) Security Class Shares / Principal Value Change HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 520,293 $2.3M New
Total filed on the 13F, all lines: $200.0M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ AMR Alpha Metallurgical Resource Reduce -33.6% 21.81% −13.72 EVVAQ Enviva LLC Sold out 0.00% −1.07
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ PEG Public Service Enterprise GP New 6.75% +6.75 AQN Algonquin Power & Utilities New 2.40% +2.40 GNW Genworth Financial Inc. New 1.30% +1.30 ANIK Anika Therapeutics Inc. Add +35.8% 3.36% +1.03 MIST Milestone Pharmaceuticals Inc. Add +41.9% 2.15% +0.66 DK Delek US Holdings Inc. New 0.08% +0.08 MURA Mural Oncology PLC Add +20.5% 1.79% −0.11 LUCK Lucky Strike Entertainment C Add +3.0% 23.79% −1.44
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ PUBLIC SVC ENTERPRISE GRP IN call New 650,000 $48.8M SINCLAIR INC put Sold out 560,000 $7.0Mbefore exit MEDICAL PPTYS TRUST INC call Add +22.1% 1,159,500 $7.0M VALLEY NATL BANCORP put Add +33.3% 2,000,500 $6.0M PROSPECT CAP CORP put Sold out 1,005,800 $5.8Mbefore exit ENVIVA INC call Reduce -50.0% 254,500 $636K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 New 520,293 $2.3M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 22 $275.6M TDAY, LILAK, PUMP, INDV, CC Q1 2026 20 $252.4M TDAY, LILAK, PUMP, BTU, CC Q4 2025 20 $211.5M TDAY, PUMP, BTU, LILAK, INDV Q3 2025 19 $203.0M TDAY, LILAK, BTU, ACHR, CC Q2 2025 18 $180.2M TDAY, LUCK, ACHR, ARQ, PEG Q1 2025 18 $153.5M TDAY, LUCK, PEG, ACHR, AMR Q4 2024 17 $268.4M TDAY, LUCK, PEG, ACHR, AMR Q3 2024 21 $240.1M TDAY, LUCK, AMR, BTU, PEG Q2 2024 21 $227.1M TDAY, LUCK, AMR, PEG, ARQ Q1 2024 15 $197.7M LUCK, AMR, TDAY, EXE, PEG