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Alta Fundamental Advisers LLC

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13F filer, CIK 1641604, NEW YORK, NY

Alta Fundamental Advisers LLC reported $195,085,871 across 22 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 78.67% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001641604-25-000005

Period
2025-06-30
Reported value
$195M
Holdings
22
Top 10 weight
78.67%
New
5
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PUMPnew+1,150,000$6.87M
ACHRadded+358,462$3.89M
HPPadded+1,300,000$3.56M
INDIVIOR PLCadded+240,580$3.55M
ABXadded+363,841$1.87M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
UNITED STATES STL CORP NEWexited-131,767-$5.57M
PEGreduced-15,000-$1.26M
LUCKreduced-69,923-$638K
BTUreduced-25,000-$335K
Trinseo PLCexited-53,618-$197K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001641604-25-000005, largest first. % of portfolio is the value over $182,885,871, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TDAYUSA TODAY CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,146,482 shares; 2024Q4: 13,146,482 shares; 2025Q1: 11,165,692 shares; 2025Q2: 11,165,692 shares 11,165,692$40M21.86%0Timeline
LUCKLUCKY STRIKE ENTERTAINMENT CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,400,927 shares; 2024Q4: 3,400,927 shares; 2025Q1: 2,252,380 shares; 2025Q2: 2,182,457 shares 2,182,457$19.9M10.9%-69,923Timeline
ACHRARCHER AVIATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,187,539 shares; 2024Q4: 2,187,539 shares; 2025Q1: 1,374,171 shares; 2025Q2: 1,732,633 shares 1,732,633$18.8M10.28%+358,462Timeline
ARQARQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,044,122 shares; 2024Q4: 2,044,122 shares; 2025Q1: 2,044,122 shares; 2025Q2: 2,044,122 shares 2,044,122$11M6%0Timeline
PEGPUBLIC SVC ENTERPRISE GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 202,400 shares; 2024Q4: 324,032 shares; 2025Q1: 143,745 shares; 2025Q2: 128,745 shares 128,745$10.8M5.93%-15,000Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,740 shares; 2024Q4: 100,740 shares; 2025Q1: 82,960 shares; 2025Q2: 82,960 shares 82,960$9.7M5.3%0Timeline
HPPHUDSON PAC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,905,729 shares; 2025Q2: 3,205,729 shares 3,205,729$8.78M4.8%+1,300,000Timeline
INDIVIOR PLCINDIVIOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 325,000 shares; 2024Q4: 400,000 shares; 2025Q1: 334,469 shares; 2025Q2: 575,049 shares 575,049$8.48M4.63%+240,580
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,600 shares; 2024Q4: 88,600 shares; 2025Q1: 74,058 shares; 2025Q2: 74,058 shares 74,058$8.33M4.55%0Timeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 766,000 shares; 2024Q4: 766,000 shares; 2025Q1: 626,241 shares; 2025Q2: 601,241 shares 601,241$8.07M4.41%-25,000Timeline
CLMTCALUMET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 577,221 shares; 2024Q4: 577,221 shares; 2025Q1: 459,937 shares; 2025Q2: 459,937 shares 459,937$7.25M3.96%0Timeline
PUMPPROPETRO HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,150,000 shares 1,150,000$6.87M3.75%newTimeline
ABXABACUS GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 452,087 shares; 2024Q4: 752,087 shares; 2025Q1: 664,298 shares; 2025Q2: 1,028,139 shares 1,028,139$5.28M2.89%+363,841Timeline
ANIKANIKA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 296,082 shares; 2024Q4: 700,432 shares; 2025Q1: 470,974 shares; 2025Q2: 454,944 shares 454,944$4.81M2.63%-16,030Timeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 384,000 shares; 2024Q4: 384,000 shares; 2025Q1: 531,080 shares; 2025Q2: 550,494 shares 550,494$4.28M2.34%+19,414Timeline
LAZYDAYS HLDGS INCLAZYDAYS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 14,563,106 shares; 2025Q1: 14,563,106 shares; 2025Q2: 14,563,106 shares 14,563,106$3.55M1.94%0
HTZWWHERTZ GLOBAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 870,293 shares; 2024Q4: 870,293 shares; 2025Q1: 745,105 shares; 2025Q2: 745,105 shares 745,105$2.72M1.49%0Timeline
MISTMILESTONE PHARMACEUTICALS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,658,589 shares; 2024Q4: 2,658,589 shares; 2025Q1: 1,427,479 shares; 2025Q2: 1,398,977 shares 1,398,977$2.71M1.48%-28,502Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,950 shares 7,950$1.54M0.84%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
BRISTOL-MYERS SQUIBB COBRISTOL-MYERS SQUIBB CO CALLcall100,000$5.25Mnew
PFIZER INCPFIZER INC CALLcall200,000$5.2Mnew
GENWORTH FINL INCGENWORTH FINL INC COM SHScall250,000$1.75Mnew

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW131,767$5.57Mshares
FRONTIER GROUP HLDGS INCFRONTIER GROUP HLDGS INC100,400$402Kput
Trinseo PLCTrinseo PLC53,618$197Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001641604-25-000005 base2025-08-13acceptance time not in the bulk data set