Alta Fundamental Advisers LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Alta Fundamental Advisers LLC reported 20 stock positions worth $252.4 million . Its top holding was USA Today (TDAY) at 30.0% of the portfolio, followed by Liberty Latin Americ Class C (LILAK, 10.8% ) and Propetro (PUMP, 10.1% ). Compared with Q4 2025, it opened 4 new positions, sold out of 4, added to 1 and reduced 7. The biggest buy was Liberty Latin Americ Class C (LILAK, shares +51% ) and the biggest sale Public Service Enterprise GP (PEG, shares −60% ).
Location NEW YORK, NY
CIK 0001641604
Portfolio Value $252.4M (Q1 2026) Holdings 20 stocks · $252.4M 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 2025 TDAY USA Today Co. Inc. 10,748,543 $75.8M Reduce -5.1% LILAK Liberty Latin Americ Class C 3,101,406 $27.4M Add +51.0% PUMP Propetro Holding Corp. 1,773,185 $25.6M Reduce -1.4% BTU Peabody Energy Corp. 500,000 $16.5M Reduce -7.8% CC The Chemours Co. 700,000 $15.4M Reduce -20.0% AMR Alpha Metallurgical Resource 69,198 $14.2M No change INDV Indivior Pharmaceuticals Inc. 409,529 $12.5M No change GNW Genworth Financial Inc. 1,209,988 $9.8M Reduce -0.9% EXE Expand Energy Corp. 82,960 $9.1M No change CORZ Core Scientific Inc. 596,382 $8.9M New ABX Abacus Global Management Inc. 1,097,639 $8.6M No change DAL Delta Air Lines Inc. 100,000 $6.6M New ACHR Archer Aviation Inc. Class A 1,068,333 $5.5M Reduce -8.6% BATRK Atlanta Braves Holdings in-C 100,000 $4.3M New PEG Public Service Enterprise GP 50,000 $4.0M Reduce -59.6% HPP Hudson Pacific Properties Inc. 529,390 $3.1M No change CYH Community Health Systems Inc. 841,829 $2.5M No change OPTU Optimum Communications Inc. Class A 750,000 $975K No change MBI Mbia Inc. 148,662 $879K No change MINE Mayfair Gold Corp. 150,700 $648K New
Options reported separately and not counted above: DELTA AIR LINES INC puts ($6.0M), CORE SCIENTIFIC INC NEW calls ($5.3M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.7M (not counted above) Security Class Shares / Principal Value Change HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 745,105 $1.7M No change
Total filed on the 13F, all lines: $254.1M.
Portfolio Sells Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▲ PEG Public Service Enterprise GP Reduce -59.6% 1.60% −3.10 ACHR Archer Aviation Inc. Class A Reduce -8.6% 2.19% −1.97 HYHG Proshares High Yield Interes Sold out 0.00% −1.48 GNW Genworth Financial Inc. Reduce -0.9% 3.89% −1.32 ARQ Arq Inc. Sold out 0.00% −1.21 BTU Peabody Energy Corp. Reduce -7.8% 6.53% −1.09 ALIT Alight Inc. Class A Sold out 0.00% −0.49 TSEOQ Trinseo PLC Sold out 0.00% −0.04 CC The Chemours Co. Reduce -20.0% 6.11% +1.23 PUMP Propetro Holding Corp. Reduce -1.4% 10.12% +2.04 TDAY USA Today Co. Inc. Reduce -5.1% 30.03% +2.43
Portfolio Buys Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▼ LILAK Liberty Latin Americ Class C Add +51.0% 10.84% +3.59 CORZ Core Scientific Inc. New 3.54% +3.54 DAL Delta Air Lines Inc. New 2.63% +2.63 BATRK Atlanta Braves Holdings in-C New 1.69% +1.69 MINE Mayfair Gold Corp. New 0.26% +0.26
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ DELTA AIR LINES INC put New 100,000 $6.0M CORE SCIENTIFIC INC NEW call New 250,000 $5.3M MBIA INC call Sold out 600,000 $4.8Mbefore exit CHEMOURS CO call Sold out 200,000 $3.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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