Monarch Alternative Capital LP
Annual return '25
+11.5%
SPY '25
+17.7%
Alpha
-6.2ptsvs SPY
Invested
$1.6B
Holdings
9
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SPY
STATE STR SPDR S&P 500 ETF T
Q2 2025: Exited (was 1.58M shares)
32.1%
02
$NDQ
INVESCO QQQ TR
Q2 2025: Exited (was 265.0k shares)
31.8%
03
$SATS 3.875 11/30
ECHOSTAR CORP
Q3 2025: Increased +19.8% (110.33M → 132.20M shares)
13.4%
04
$VISN
VISTANCE NETWORKS INC
Q3 2025: Increased +3.8% (10.00M → 10.38M shares)
11.4%
05
$SATS
ECHOSTAR CORP
Q3 2025: New position (2.60M shares)
6.0%
06
$GBTG
GLOBAL BUSINESS TRAVEL GROUP
Q3 2025: New position (7.14M shares)
2.7%
07
$MBC
MASTERBRAND INC
Held since at least Q1 2024
1.0%
08
$BITF
BITFARMS LTD
Held since at least Q1 2024
0.9%
09
$AMBP
ARDAGH METAL PACKAGING S A
Q3 2025: New position (975.0k shares)
0.7%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 09:26 UTC.