Monarch Alternative Capital LP Q3 2022 vs. Q4 2022 13F Holdings Comparison

As the first quarter of 2022 comes to an end, investors are taking a closer look at what has changed in the holdings of funds. One such fund, Monarch Alternative Capital LP, has released its 13F report for the period, detailing the changes made in its portfolio. Let's take a closer look at the changes and what they could mean for investors.

Berry Global Group Inc

The fund maintained its stake in Berry Global Group Inc, with 1,380,810 shares in both Q3 and Q4. However, the value of the holding increased by 29.9%, from $64,249,000 in Q3 to $83,442,000 in Q4.

Wayfair Inc

Monarch increased its stake in Wayfair Inc, buying an additional 23,000,000 shares in Q4, bringing its total holdings to 71,450,000 shares. The value of the holding increased by 46.9%, from $31,921,000 in Q3 to $46,906,000 in Q4.

Indus Realty Trust Inc

The fund reduced its stake in Indus Realty Trust Inc, selling 180,005 shares in Q4, leaving it with 714,000 shares. The value of the holding decreased by 3.2%, from $46,819,000 in Q3 to $45,331,000 in Q4.

Paramount Group Inc

Monarch significantly reduced its stake in Paramount Group Inc, selling 4,755,158 shares in Q4, leaving it with 7,444,842 shares. The value of the holding decreased by 41.8%, from $76,006,000 in Q3 to $44,222,000 in Q4.

IQIYI Inc

The fund maintained its stake in IQIYI Inc, with 53,900,000 shares in Q3 and Q4. However, the value of the holding decreased by 7.8%, from $36,248,000 in Q3 to $33,418,000 in Q4. Monarch also reduced its stake in IQIYI Inc, selling 15,950,000 shares in Q4, leaving it with 30,950,000 shares. The value of the holding decreased by 54.7%, from $27,313,000 in Q3 to $12,361,000 in Q4.

AvePoint Inc

Monarch maintained its stake in AvePoint Inc, with 4,745,000 shares in both Q3 and Q4. The value of the holding increased by 2.5%, from $19,027,000 in Q3 to $19,501,000 in Q4.

Radius Global Infrastructure I

The fund maintained its stake in Radius Global Infrastructure I, with 477,000 shares in both Q3 and Q4. The value of the holding increased by 25.5%, from $4,493,000 in Q3 to $5,638,000 in Q4.

Conclusion

Monarch Alternative Capital LP made several changes to its holdings in the last quarter of 2022. It increased its stake in Wayfair Inc and maintained its stakes in Berry Global Group Inc, AvePoint Inc, and Radius Global Infrastructure I. However, it reduced its stake in Indus Realty Trust Inc and significantly reduced its stake in Paramount Group Inc and IQIYI Inc. These changes could be an indication of the fund's outlook on the respective companies. Investors should keep an eye on future filings to see if Monarch makes any further changes to its portfolio.