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Alta Fundamental Advisers LLC

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13F filer, CIK 1641604, NEW YORK, NY

Alta Fundamental Advisers LLC reported $234,249,795 across 27 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 77.32% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-25-016385

Period
2025-09-30
Reported value
$234M
Holdings
27
Top 10 weight
77.32%
New
10
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LILAKnew+1,853,559$15.6M
CCnew+800,000$12.7M
PUMPadded+1,148,185$6.02M
GNWadded+345,115$3.07M
CYHnew+841,829$2.7M

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
LUCKreduced-1,089,087-$11.2M
ARQreduced-1,197,828-$8.58M
CLMTexited-459,937-$7.25M
ANIKexited-454,944-$4.81M
ACHRreduced-393,800-$3.77M

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, Q3 2025

Share positions as resolved from 13F-HR 0001214659-25-016385, largest first. % of portfolio is the value over $205,724,795, 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; 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; 2025Q3: 11,165,692 shares 11,165,692$46.1M22.42%0Timeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,853,559 shares 1,853,559$15.6M7.6%newTimeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 766,000 shares; 2024Q4: 766,000 shares; 2025Q1: 626,241 shares; 2025Q2: 601,241 shares; 2025Q3: 561,241 shares 561,241$14.9M7.23%-40,000Timeline
ACHRARCHER AVIATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,338,833 shares 1,338,833$12.8M6.23%-393,800Timeline
CCCHEMOURS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 800,000 shares 800,000$12.7M6.16%newTimeline
PUMPPROPETRO HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,150,000 shares; 2025Q3: 2,298,185 shares 2,298,185$12M5.85%+1,148,185Timeline
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,600 shares; 2024Q4: 88,600 shares; 2025Q1: 74,058 shares; 2025Q2: 74,058 shares; 2025Q3: 70,058 shares 70,058$11.5M5.59%-4,000Timeline
INDIVIOR PLCINDIVIOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 325,000 shares; 2024Q4: 400,000 shares; 2025Q1: 334,469 shares; 2025Q2: 575,049 shares; 2025Q3: 475,049 shares 475,049$11.5M5.57%-100,000
LUCKLUCKY STRIKE ENTERTAINMENT CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,093,370 shares 1,093,370$11.2M5.44%-1,089,087Timeline
PEGPUBLIC SVC ENTERPRISE GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 202,400 shares; 2024Q4: 324,032 shares; 2025Q1: 143,745 shares; 2025Q2: 128,745 shares; 2025Q3: 128,745 shares 128,745$10.7M5.22%0Timeline
HPPHUDSON PAC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,905,729 shares; 2025Q2: 3,205,729 shares; 2025Q3: 3,205,729 shares 3,205,729$8.85M4.3%0Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,740 shares; 2024Q4: 100,740 shares; 2025Q1: 82,960 shares; 2025Q2: 82,960 shares; 2025Q3: 82,960 shares 82,960$8.81M4.28%0Timeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 384,000 shares; 2024Q4: 384,000 shares; 2025Q1: 531,080 shares; 2025Q2: 550,494 shares; 2025Q3: 895,609 shares 895,609$7.97M3.87%+345,115Timeline
ABXABACUS GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 452,087 shares; 2024Q4: 752,087 shares; 2025Q1: 664,298 shares; 2025Q2: 1,028,139 shares; 2025Q3: 1,097,639 shares 1,097,639$6.29M3.06%+69,500Timeline
ARQARQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 846,294 shares 846,294$6.06M2.95%-1,197,828Timeline
HTZWWHERTZ GLOBAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 870,293 shares; 2024Q4: 870,293 shares; 2025Q1: 745,105 shares; 2025Q2: 745,105 shares; 2025Q3: 745,105 shares 745,105$2.77M1.35%0Timeline
CYHCOMMUNITY HEALTH SYS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 841,829 shares 841,829$2.7M1.31%newTimeline
ALITALIGHT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 530,366 shares 530,366$1.73M0.84%newTimeline
MBIMBIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 148,662 shares 148,662$1.11M0.54%newTimeline
Trinseo PLCTrinseo PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 393,200 shares; 2024Q4: 390,500 shares; 2025Q1: 53,618 shares; 2025Q2: not reported; 2025Q3: 152,974 shares 152,974$359K0.17%new

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
PFIZER INCPFIZER INC CALLcall200,000$5.4M0
BRISTOL-MYERS SQUIBB COBRISTOL-MYERS SQUIBB CO CALLcall100,000$5.25M0
MBIA INCMBIA INC COMcall600,000$4.8Mnew
TRONOX HOLDINGS PLCTRONOX HOLDINGS PLC CALLcall750,000$4.5Mnew
CHEMOURS COCHEMOURS CO CALLcall200,000$3.6Mnew
SABLE OFFSHORE CORPSABLE OFFSHORE CORP PUTput270,000$3.23Mnew
GENWORTH FINL INCGENWORTH FINL INC COM SHScall250,000$1.75M0

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
CLMTCALUMET INC459,937$7.25Mshares
ANIKANIKA THERAPEUTICS INC454,944$4.81Mshares
LAZYDAYS HLDGS INCLAZYDAYS HLDGS INC14,563,106$3.55Mshares
MISTMILESTONE PHARMACEUTICALS IN1,398,977$2.71Mshares
VSTVISTRA CORP7,950$1.54Mshares

How Q3 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 0001214659-25-016385 base2025-11-13acceptance time not in the bulk data set