SEC 13F Intelligence

Managers / Q1 2026

Alta Fundamental Advisers LLC

CIK 0001641604 · 780 THIRD AVENUE, SUITE 2203, NEW YORK, NY, 10017 · 2123191778

Reported Value
$265M
Q1 2026
Positions
23
Filings on Record
31
2019–present window
Filed
May 5, 2026
original filing

Summary

Alta Fundamental Advisers LLC reported $265M in U.S.-listed holdings across 23 positions for Q1 2026.

The portfolio is heavily concentrated: TDAY alone accounts for 28.6% of reported value.

Compared with Q4 2025, the fund opened 7 new positions and exited 7.

Portfolio Metrics

Turnover
+18.3%
vs prior filed quarter
Top-10 Concentration
+81.1%
share of reported value
Largest Position
+28.6%
USA Today
New / Exited
7 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $173MQ4 ’18Q1 ’19: $149MQ2 ’19: $154MQ3 ’19: $149MQ4 ’19: $108MQ4 ’19Q1 ’20: $68MQ2 ’20: $81MQ3 ’20: $95MQ4 ’20: $142MQ4 ’20Q1 ’21: $168MQ2 ’21: $383MQ3 ’21: $232MQ4 ’21: $292MQ4 ’21Q1 ’22: $303MQ2 ’22: $270MQ3 ’22: $230MQ4 ’22: $231MQ4 ’22Q1 ’23: $236MQ2 ’23: $206MQ3 ’23: $210MQ4 ’23: $221MQ4 ’23Q1 ’24: $264MQ2 ’24: $316MQ3 ’24: $347MQ4 ’24: $334MQ4 ’24Q1 ’25: $156MQ2 ’25: $195MQ3 ’25: $234MQ4 ’25: $222MQ4 ’25Q1 ’26: $265Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 83.6%Other: 14.6%REIT: 1.2%Equity WRT: 0.6%
  • Common Stock · 83.6% · $222M
  • Other · 14.6% · $39M
  • REIT · 1.2% · $3M
  • Equity WRT · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INDVINDIVIOR PHARMACEUTICALS INCNEW+409.5K409.5K+$12M$12M
CORZCORE SCIENTIFIC INCNEW+596.4K596.4K+$9M$9M
DALDELTA AIR LINES INCNEW+100.0K100.0K+$7M$7M
DAL OPTIONSNEW+100.0K100.0K+$6M$6M
CORZ OPTIONSNEW+250.0K250.0K+$5M$5M
BATRKATLANTA BRAVES HOLDINGS IN-CNEW+100.0K100.0K+$4M$4M
MFGMAYFAIR GOLD CORPNEW+150.7K150.7K+$648,010$648,010
INDIVIOR PLCSOLD OUT−409.5K0−$15M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDAYUSA TODAY CO INChistory →COM28.56%$76M10.75M
2LIBERTY LATIN AMERIC-CL CCOM CL C10.31%$27M3.10M
3PUMPPROPETRO HOLDING CORPhistory →COM9.63%$26M1.77M
4BTUPEABODY ENERGY CORPhistory →COM6.21%$16M500.0K
5CCCHEMOURS CO/THEhistory →COM5.81%$15M700.0K
6AMRALPHA METALLURGICAL RESOURCEhistory →COM5.35%$14M69.2K
7INDVINDIVIOR PHARMACEUTICALS INChistory →COM4.70%$12M409.5K
8GNWGENWORTH FINANCIAL INC-CL Ahistory →COM SHS3.70%$10M1.21M
9EXEEXPAND ENERGY CORPhistory →COM3.43%$9M83.0K
10CORZCORE SCIENTIFIC INChistory →COM3.36%$9M596.4K
11ABXABACUS GLOBAL MANAGEMENT INChistory →CL A3.26%$9M1.10M
12DALDELTA AIR LINES INChistory →COM NEW2.51%$7M100.0K
13ACHRARCHER AVIATION INC-Ahistory →COM CL A2.08%$6M1.07M
14BATRKATLANTA BRAVES HOLDINGS IN-Chistory →COM SER C1.61%$4M100.0K
15PEGPUBLIC SERVICE ENTERPRISE GPhistory →COM1.53%$4M50.0K
16HPPHUDSON PACIFIC PROPERTIES INhistory →COM1.18%$3M529.4K
17CYHCOMMUNITY HEALTH SYSTEMS INCCOM0.93%$2M841.8K
18HTZWWHERTZ GLOBAL HLDGS INC -CW51*W EXP 06/30/2050.64%$2M745.1K
19OPTUOPTIMUM COMMUNICATIONS INC-ACL A0.37%$975,000750.0K
20MBIMBIA INCCOM0.33%$878,592148.7K
21MFGMAYFAIR GOLD CORPCOM NEW0.24%$648,010150.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$265M23May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$222M23Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$234M27Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$195M22Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$156M20May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$334M27Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$347M30Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$316M28Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$264M21May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$221M18Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$210M17Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$206M13Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$236M18May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$231M24Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$230M22Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$270M24Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$303M24May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$292M19Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$232M24Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$383M51Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$168M20May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$142M22Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$95M15Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$81M14Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$68M16May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$108M19Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$149M18Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$154M18Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$149M18May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$173M23Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.