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Livermore
Livermore
ZHEN

Alta Fundamental Advisers LLC

SEC CIK
0001641604
Latest filing
Aug 12, 2026

The latest 13F from Alta Fundamental Advisers LLC covers Q2 2026 (filed Aug 12, 2026): 23 long positions worth $276.4M. The top 10 holdings make up 84.1% of the portfolio, and the largest is USA TODAY Co., Inc. (TDAY) at 33.2%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$14.0M
Added
2
Est. +$2.98M
Reduced
6
Est. −$5.64M
Sold out
3
Est. −$11.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. TDAYUSA TODAY Co., Inc.
    33.2%$91.9MHistory
  2. LILAKLiberty Latin America Ltd.
    9.0%$24.8MHistory
  3. PUMPProPetro Holding Corp.
    8.1%$22.3MHistory
  4. INDVIndivior Pharmaceuticals, Inc.
    6.0%$16.6MHistory
  5. CCChemours Co
    5.2%$14.4MHistory

Share of portfolio

Top 5 holdings and the other 18 positions, by share of portfolio value

  1. TDAY33.2%
  2. LILAK9.0%
  3. PUMP8.1%
  4. INDV6.0%
  5. CC5.2%
  6. Other 18 positions38.5%

Biggest buys

New and added positions, by estimated amount bought

  1. TET1 Energy Inc.
    +$3.79MNewHistory
  2. CHTRCharter Communications, Inc.
    +$3.56MNewHistory
  3. LILALiberty Latin America Ltd.
    +$3.01MNewHistory
  4. MEOHMethanex Corp
    +$2.77MNewHistory
  5. BTUPeabody Energy Corp
    +$2.31MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. TET1 Energy Inc.
    +1.37 pp0.0% → 1.4%History
  2. CHTRCharter Communications, Inc.
    +1.29 pp0.0% → 1.3%History
  3. LILALiberty Latin America Ltd.
    +1.09 pp0.0% → 1.1%History
  4. MEOHMethanex Corp
    +1.00 pp0.0% → 1.0%History
  5. IHRTiHeartMedia, Inc.
    +0.31 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DALDelta Air Lines, Inc.
    −$6.65MSold outHistory
  2. PEGPublic Service Enterprise Group Inc
    −$4.05MSold outHistory
  3. PUMPProPetro Holding Corp.
    −$3.15MReducedHistory
  4. CORZCore Scientific, Inc.
    −$1.28MReducedHistory
  5. OPTUOptimum Communications, Inc.
    −$975.0KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DALDelta Air Lines, Inc.
    −2.62 pp2.6% → 0.0%History
  2. PUMPProPetro Holding Corp.
    −2.00 pp10.1% → 8.1%History
  3. PEGPublic Service Enterprise Group Inc
    −1.59 pp1.6% → 0.0%History
  4. ACHRArcher Aviation Inc.
    −0.46 pp2.2% → 1.7%History
  5. OPTUOptimum Communications, Inc.
    −0.38 pp0.4% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$276.4M
+$22.3M (+8.8%) vs. prior quarter
Positions
23
+2 vs. prior quarter
Top 10 concentration
84.1%
Top 10 as share of value
Turnover
6.4%
Q2 2026, one quarter
Average holding period
11.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $302.9M (Q1 2022)

Q1 2021: $164.8MQ2 2021: $191.6MQ3 2021: $231.7MQ4 2021: $291.7MQ1 2022: $302.9MQ2 2022: $270.5MQ3 2022: $230.0MQ4 2022: $229.7MQ1 2023: $236.2MQ2 2023: $181.7MQ3 2023: $171.4MQ4 2023: $187.1MQ1 2024: $200.0MQ2 2024: $229.3MQ3 2024: $242.1MQ4 2024: $270.3MQ1 2025: $155.2MQ2 2025: $182.9MQ3 2025: $205.7MQ4 2025: $213.5MQ1 2026: $254.1MQ2 2026: $276.4M
Q1 2021Q2 2026
13F filings of Alta Fundamental Advisers LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202623$276.4MTDAYLILAKPUMPvs. Q1 2026SEC
Q1 2026May 5, 202621$254.1MTDAYLILAKPUMPvs. Q4 2025SEC
Q4 2025Feb 11, 202621$213.5MTDAYPUMPBTUvs. Q3 2025SEC
Q3 2025Nov 13, 202520$205.7MTDAYLILAKBTUvs. Q2 2025SEC
Q2 2025Aug 13, 202519$182.9MTDAYLUCKACHRvs. Q1 2025SEC
Q1 2025May 12, 202519$155.2MTDAYLUCKPEGvs. Q4 2024SEC
Q4 2024Feb 14, 202518$270.3MTDAYLUCKPEGvs. Q3 2024SEC
Q3 2024Nov 14, 202422$242.1MTDAYLUCKAMRvs. Q2 2024SEC
Q2 2024Aug 14, 202422$229.3MTDAYLUCKAMRvs. Q1 2024SEC
Q1 2024May 15, 202416$200.0MLUCKAMRTDAYvs. Q4 2023SEC
Q4 2023Feb 14, 202412$187.1MAMRLUCKTDAYvs. Q3 2023SEC
Q3 2023Nov 13, 202312$171.4MAMRTDAYLUCKvs. Q2 2023SEC
Q2 2023Aug 14, 202312$181.7MAMRLUCKTDAYvs. Q1 2023SEC
Q1 2023May 15, 202318$236.2MAMRLUCKEXEvs. Q4 2022SEC
Q4 2022Feb 14, 202322$229.7MAMRLUCKEXEvs. Q3 2022SEC
Q3 2022Nov 14, 202222$230.0MAMRLUCKEXEvs. Q2 2022SEC
Q2 2022Aug 15, 202224$270.5MAMRLUCKEXEvs. Q1 2022SEC
Q1 2022May 11, 202224$302.9MAMREXETDAYvs. Q4 2021SEC
Q4 2021Feb 14, 202218$291.7MHTZAMRTDAYvs. Q3 2021SEC
Q3 2021Nov 15, 202124$231.7MAMRTDAYEXEvs. Q2 2021SEC
Q2 2021Aug 23, 2021Amended24$191.6MTDAYAVYAEXEvs. Q1 2021SEC
Q1 2021May 13, 202120$164.8MTDAYAVYAEXE–SEC

13D and 13G filings

Companies where Alta Fundamental Advisers LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Alta Fundamental Advisers LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
TDAYUSA TODAY Co., Inc.13G/A7.60%11.2M shares–May 22, 20233 filingsMay 15, 2025SEC

Latest filings

10 filings on file made by Alta Fundamental Advisers LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Alta Fundamental Advisers LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
GORVLazydays Holdings, Inc.Nov 10, 20252:47 PM ET13G/A0.00%0 shares−13.20 ppfrom 13.20%Below 5%Sep 30, 2025SEC
TDAYUSA TODAY Co., Inc.May 15, 20254:30 PM ET13G/A7.60%11.2M shares–Mar 31, 2025SEC
GORVLazydays Holdings, Inc.Feb 14, 20254:30 PM ET13G13.20%14.6M sharesNewDec 31, 2024SEC
MISTMilestone Pharmaceuticals Inc.Jul 16, 202413D/AOld format–––SEC
TDAYUSA TODAY Co., Inc.Feb 14, 202413G/AOld format–––SEC
MNKTQKeenova Therapeutics plcFeb 14, 202413G/AOld format–––SEC
MISTMilestone Pharmaceuticals Inc.Nov 9, 202313DOld format–New–SEC
MNKTQKeenova Therapeutics plcJun 16, 202313DOld format–––SEC
MNKTQKeenova Therapeutics plcMay 30, 202313GOld format–New–SEC
TDAYUSA TODAY Co., Inc.May 22, 202313GOld format–New–SEC