Anchorage Capital Advisors, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Anchorage Capital Advisors, L.P. reported 2 stock positions worth $14.2 million. Its top holding was Ardagh Metal Packaging (AMBP) at 76.4% of the portfolio, followed by Frontier Communications Pare (FYBR, 23.6%). Compared with Q4 2024, it added to 1 and reduced 1. The biggest buy was Ardagh Metal Packaging (AMBP, shares +86%) and the biggest sale Frontier Communications Pare (FYBR, shares −94%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0002007642
Portfolio Value
$14.2M (Q1 2025)
SEC Filing
0000905148-25-001730 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $33.5M Q1 2024 Q2 2024: $35.8M Q2 2024 Q3 2024: $61.5M Q3 2024 Q4 2024: $58.7M Q4 2024 Q1 2025: $14.2M $14.2M Q1 2025 Q2 2025: $13.9M Q2 2025 Q3 2025: $101.3M Q3 2025 Q4 2025: $96.5M Q4 2025 Q1 2026: $172.0M Q1 2026 Q2 2026: $152.8M Q2 2026

Holdings 2 stocks · $14.2M
AMBP Ardagh Metal Packaging SA 76.42% 3,601,083 $10.9M Add +85.9%
FYBR Frontier Communications Pare 23.58% 93,562 $3.4M Reduce -93.9%
Other holdings (3): bonds, preferreds, convertibles and warrants · $59.8M (not counted above)
SecurityClassShares / PrincipalValueChange
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) DEB 3.750% 2/1 · principal 122,933,000$34.8MNo change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal 66,801,000$19.3MNo change
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal 6,779,000$5.7MNew

Total filed on the 13F, all lines: $74.0M.

Portfolio Sells Q4 2024 → Q1 2025
FYBR Frontier Communications Pare Reduce -93.9% 23.58% −66.49

Portfolio Buys Q4 2024 → Q1 2025
AMBP Ardagh Metal Packaging SA Add +85.9% 76.42% +66.49

Notes & Other Activity Q4 2024 → Q1 2025
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Sold out 16,742,448 $17.7Mbefore exit
THE REALREAL INC (REAL 1 03/01/28) NOTE 1.000% 3/0 · principal Sold out 18,470,000 $14.3Mbefore exit
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal New 6,779,000 $5.7M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$152.8MXIFR, EQPT
Q1 2026 3$172.0MXIFR, EQPT, GBTG
Q4 2025 2$96.5MXIFR, GBTG
Q3 2025 3$101.3MGBTG, XIFR, AMBP
Q2 2025 2$13.9MAMBP, FYBR
Q1 2025 2$14.2MAMBP, FYBR
Q4 2024 2$58.7MFYBR, AMBP
Q3 2024 1$61.5MFYBR
Q2 2024 1$35.8MFYBR
Q1 2024 1$33.5MFYBR