Monarch Alternative Capital LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Monarch Alternative Capital LP reported 6 stock positions worth $516.2 million. Its top holding was Echostar Class A (ECHO) at 32.1% of the portfolio, followed by Keel Infrastructure (KEEL, 29.2%) and Core Scientific (CORZ, 22.8%). Compared with Q1 2026, it opened 2 new positions, sold out of 2, added to 3 and reduced 1. The biggest buy was Keel Infrastructure (KEEL, shares +268%) and the biggest sale Vistance Networks (VISN, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001281084
- Portfolio Value
- $516.2M (Q2 2026)
- SEC Filing
- 0000899140-26-000881 ↗ filed Aug 14, 2026
Holdings Value
Holdings 6 stocks · $516.2M
| ECHO Echostar Corp. Class A | 32.05% | 1,630,124 | $165.5M | Add +96.3% |
| KEEL Keel Infrastructure Corp. | 29.23% | 26,285,000 | $150.9M | Add +267.6% |
| CORZ Core Scientific Inc. | 22.80% | 4,600,000 | $117.7M | New |
| VISN Vistance Networks Inc. | 8.05% | 3,250,000 | $41.5M | Reduce -68.2% |
| MBC Masterbrand Inc. | 7.38% | 3,700,000 | $38.1M | Add +85.0% |
| FWRD Forward Air Corp. | 0.49% | 189,000 | $2.6M | New |
Options reported separately and not counted above: SPCX puts ($4.0M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $187.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 60,000,000 | $187.0M | No change |
Total filed on the 13F, all lines: $703.2M.
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 805,000 | $523.5Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 900,000 | $519.5Mbefore exit |
| SPCX Space Exploration Techn Class A | put | New | 23,500 | $4.0M |
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 | 6 | $516.2M | ECHO, KEEL, CORZ, VISN, MBC |
| Q1 2026 | 6 | $369.1M | VISN, ECHO, GBTG, MBC, BITF |
| Q4 2025 | 4 | $411.5M | VISN, ECHO, GBTG, AMBP |
| Q3 2025Amended | 4 | $420.7M | ECHO, VISN, GBTG, AMBP |
| Q2 2025 | 1 | $82.8M | VISN |
| Q1 2025 | 3 | $189.4M | LTM, ECHO, VISN |
| Q4 2024 | 4 | $478.9M | TLN, LTM, ECHO, VISN |
| Q3 2024 | 4 | $423.8M | TLN, LTM, ECHO, VISN |
| Q2 2024 | 2 | $63.7M | ECHO, BERY |
| Q1 2024 | 3 | $81.9M | BERY, AVPT, ECHO |