Alta Fundamental Advisers LLC
Long book
$254.1M
Q1 2026
Positions
21
Top-10 weight
85%
concentration
Last quarter
+13.5%
SPY +14.8%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsAlta Fundamental Advisers LLC is a concentrated fundamental stock-picker, running a $254.1M US long book across 21 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: USA TODAY CO INC, LIBERTY LATIN AMERIC-CL C, PROPETRO HOLDING CORP, PEABODY ENERGY CORP, CHEMOURS CO/THE.
Over the last 9 quarters its long book ran on average 1.6pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+10.6%
Q2 2024
+1.7%
Q3 2024
-0.1%
Q4 2024
-25.8%
Q1 2025
+11.2%
Q2 2025
+16.5%
Q3 2025
+11.1%
Q4 2025
+16.1%
Q1 2026
+13.5%
Sector allocation
Other 30%
Materials 19%
Energy 14%
Communications 11%
Financials 11%
Healthcare 6%
Industrials 5%
Services media 2%
Long book by quarter
What does Alta Fundamental own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TDAY USA TODAY CO INC | Other | 10.7M | $75.8M | 29.8% | -5.1% |
| LILAK LIBERTY LATIN AMERIC-CL C | Communications | 3.1M | $27.4M | 10.8% | +51.0% |
| PUMP PROPETRO HOLDING CORP | Energy | 1.8M | $25.6M | 10.1% | -1.4% |
| BTU PEABODY ENERGY CORP | Materials | 500.0K | $16.5M | 6.5% | -7.8% |
| CC CHEMOURS CO/THE | Materials | 700.0K | $15.4M | 6.1% | -20.0% |
| AMR ALPHA METALLURGICAL RESOURCE | Materials | 69.2K | $14.2M | 5.6% | Held |
| INDV INDIVIOR PHARMACEUTICALS INC | Healthcare | 409.5K | $12.5M | 4.9% | New |
| GNW GENWORTH FINANCIAL INC | Financials | 1.2M | $9.8M | 3.9% | -0.9% |
| EXE EXPAND ENERGY CORP | Energy | 83.0K | $9.1M | 3.6% | Held |
| CORZ CORE SCIENTIFIC INC | Financials | 596.4K | $8.9M | 3.5% | New |
| ABX ABACUS GLOBAL MANAGEMENT INC | Financials | 1.1M | $8.6M | 3.4% | Held |
| DAL DELTA AIR LINES INC | Industrials | 100.0K | $6.6M | 2.6% | New |
| ACHR ARCHER AVIATION INC-A | Industrials | 1.1M | $5.5M | 2.2% | -8.6% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 100.0K | $4.3M | 1.7% | New |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 50.0K | $4.0M | 1.6% | -59.6% |
| CYH COMMUNITY HEALTH SYSTEMS INC | Healthcare | 841.8K | $2.5M | 1.0% | Held |
| OPTU OPTIMUM COMMUNICATIONS INC-A | Communications | 750.0K | $975K | 0.4% | Held |
| MBI MBIA INC | Financials | 148.7K | $879K | 0.3% | Held |
| MINE MAYFAIR GOLD CORP | Materials | 150.7K | $648K | 0.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 23 | $265.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 23 | $221.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 27 | $234.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 22 | $195.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 20 | $155.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 27 | $334.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 30 | $347.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 28 | $315.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 21 | $264.4M | canonical | SEC ↗ |
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