Alta Fundamental Advisers 13F annual report
Alta Fundamental Advisers is an investment fund managing more than $227 billion ran by Jeremy Carton. There are currently 21 companies in Mr. Carton’s portfolio. The largest investments include Gannett Co and Bowlero Corp, together worth $110 billion.
$227 billion Assets Under Management (AUM)
As of 7th August 2024, Alta Fundamental Advisers’s top holding is 13,146,482 shares of Gannett Co currently worth over $60.6 billion and making up 26.7% of the portfolio value.
Relative to the number of outstanding shares of Gannett Co, Alta Fundamental Advisers owns less than approximately 0.1% of the company.
In addition, the fund holds 3,400,927 shares of Bowlero Corp worth $49.3 billion.
The third-largest holding is Alpha Metallurgical Resource worth $32.3 billion and the next is Public Service Enterprise Gp worth $14.9 billion, with 202,400 shares owned.
Currently, Alta Fundamental Advisers's portfolio is worth at least $227 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Alta Fundamental Advisers
The Alta Fundamental Advisers office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jeremy Carton serves as the Managing Member at Alta Fundamental Advisers.
Recent trades
In the most recent 13F filing, Alta Fundamental Advisers revealed that it had opened a new position in
Peabody and bought 450,000 shares worth $9.95 billion.
This means they effectively own approximately 0.1% of the company.
Peabody makes up
46.0%
of the fund's Energy sector allocation and has grown its share price by 1.6% in the past year.
The investment fund also strengthened its position in Public Service Enterprise Gp by buying
2,400 additional shares.
This makes their stake in Public Service Enterprise Gp total 202,400 shares worth $14.9 billion.
On the other hand, Jeremy Carton disclosed a decreased stake in Bowlero Corp by approximately 0.1%.
This leaves the value of the investment at $49.3 billion and 3,400,927 shares.
One of the smallest hedge funds
The two most similar investment funds to Alta Fundamental Advisers are Zullo Investment and Lombard Odier Asset Management (usa) Corp. They manage $227 billion and $227 billion respectively.
Jeremy Carton investment strategy
Alta Fundamental Advisers’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Communication Services — making up 26.7% of
the total portfolio value.
The fund focuses on investments in the United States as
38.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
5% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $2.94 billion.
The complete list of Alta Fundamental Advisers trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Gannett Co Inc. |
No change
13,146,482
|
$60,605,282,000 | 26.68% |
| Bowlero Corp |
0.96%
3,400,927
|
$49,279,432,000 | 21.70% |
| Alpha Metallurgical Resource |
11.69%
115,000
|
$32,260,950,000 | 14.20% |
| Public Service Enterprise Gp |
1.20%
202,400
|
$14,916,880,000 | 6.57% |
| Arq Inc |
No change
2,031,614
|
$12,331,897,000 | 5.43% |
| Peabody Energy Corp. |
Opened
450,000
|
$9,954,000,000 | 4.38% |
| Chesapeake Energy Corp. |
52.91%
100,740
|
$8,279,821,000 | 3.65% |
| Anika Therapeutics Inc. |
13.28%
296,082
|
$7,499,757,000 | 3.30% |
| Algonquin Power & Utilities Corp |
No change
750,000
|
$4,395,000,000 | 1.93% |
| Indivior Plc |
116.67%
325,000
|
$4,030,000,000 | 1.77% |
| Abacus Life Inc |
151.16%
452,087
|
$3,910,553,000 | 1.72% |
| James River Group Holdings L |
Opened
463,625
|
$3,583,821,000 | 1.58% |
| Milestone Pharmaceuticals In |
12.12%
2,658,589
|
$3,509,337,000 | 1.55% |
| Hallador Energy Co |
Opened
420,355
|
$3,266,158,000 | 1.44% |
| Archer Aviation Inc-a |
3.74%
695,019
|
$2,446,467,000 | 1.08% |
| Genworth Financial Inc |
4.00%
384,000
|
$2,319,360,000 | 1.02% |
| Mural Oncology Plc |
0.43%
720,143
|
$2,261,249,000 | 1.00% |
| Calumet Specialty Products Partners Lp |
Opened
75,287
|
$1,208,356,000 | 0.53% |
| Trinseo PLC |
Opened
269,997
|
$623,693,000 | 0.27% |
| Ginkgo Bioworks Holdings Inc |
Opened
1,000,000
|
$334,300,000 | 0.15% |
| Delek US Holdings Inc |
No change
5,000
|
$123,800,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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