Anchorage Capital Advisors, L.P.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Anchorage Capital Advisors, L.P. reported 2 stock positions worth $13.9 million. Its top holding was Ardagh Metal Packaging (AMBP) at 75.5% of the portfolio, followed by Frontier Communications Pare (FYBR, 24.5%). Compared with Q1 2025, it reduced 1. The biggest sale was Ardagh Metal Packaging (AMBP, shares −32%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0002007642
Portfolio Value
$13.9M (Q2 2025)
SEC Filing
0000905148-25-002933 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $13.9M $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 · $13.9M
AMBP Ardagh Metal Packaging SA 75.49% 2,451,062 $10.5M Reduce -31.9%
FYBR Frontier Communications Pare 24.51% 93,562 $3.4M No change

Options reported separately and not counted above: HYG puts ($725.9M), BUR puts ($4.5M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $19.2M (not counted above)
SecurityClassShares / PrincipalValueChange
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) DEB 3.750% 2/1 · principal 122,933,000$12.4MNo change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal 66,801,000$6.8MNo change

Total filed on the 13F, all lines: $33.1M.

Portfolio Sells Q1 2025 → Q2 2025
AMBP Ardagh Metal Packaging SA Reduce -31.9% 75.49% −0.93

Portfolio Buys Q1 2025 → Q2 2025
None this quarter.

Options Activity Q1 2025 → Q2 2025
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 9,000,000 $725.9M
BUR Burford Capital Ltd. put New 313,200 $4.5M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal Sold out 6,779,000 $5.7Mbefore exit

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