Alta Fundamental Advisers LLC Diversified Active

CIK: 0001641604 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $221,851 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (3)

HPP HUDSON PACIFIC PROPERTIES IN 2.6%

Value ($000) $5,733 Shares 529,390 Est. Cost $10.83 Unrealized —

HYHG PROSHARES HIGH YIELD INTERES 1.4%

Value ($000) $3,128 Shares 48,575 Est. Cost $64.40 Unrealized —

OPTU OPTIMUM COMMUNICATIONS INC-A 0.6%

Value ($000) $1,238 Shares 750,000 Est. Cost $2.04 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HPP	HUDSON PACIFIC PROPERTIES IN	529,390	$5,733	2.6%	$10.83	—	COM	444097406
HYHG	PROSHARES HIGH YIELD INTERES	48,575	$3,128	1.4%	$64.40	—	HGH YLD INT RATE	74348A541
OPTU	OPTIMUM COMMUNICATIONS INC-A	750,000	$1,238	0.6%	$2.04	0.0%	CL A	02156K103

Increased Positions (4)

TDAY USA TODAY CO INC 26.3%

Value ($000) $58,346 (+26.5%) Shares 11,329,268 (+1.5%) Est. Cost $2.87 Unrealized +63.8%

GNW GENWORTH FINANCIAL INC-CL A 5.0%

Value ($000) $11,022 (+38.3%) Shares 1,220,609 (+36.3%) Est. Cost $7.57 Unrealized +15.0%

CC CHEMOURS CO/THE 4.7%

Value ($000) $10,316 (-18.6%) Shares 875,000 (+9.4%) Est. Cost $14.23 Unrealized -10.1%

LILAK LIBERTY LATIN AMERIC-CL C 6.9%

Value ($000) $15,320 (-2.1%) Shares 2,053,559 (+10.8%) Est. Cost $7.58 Unrealized +8.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TDAY	USA TODAY CO INC	11,329,268 (+1.5%)	$58,346 (+26.5%)	26.3%	$2.87	+63.8%	COM	36472T109
GNW	GENWORTH FINANCIAL INC-CL A	1,220,609 (+36.3%)	$11,022 (+38.3%)	5.0%	$7.57	+15.0%	COM SHS	37247D106
CC	CHEMOURS CO/THE	875,000 (+9.4%)	$10,316 (-18.6%)	4.7%	$14.23	-10.1%	COM	163851108
LILAK	LIBERTY LATIN AMERIC-CL C	2,053,559 (+10.8%)	$15,320 (-2.1%)	6.9%	$7.58	+8.5%	COM CL C	G9001E128

Exited Positions (7)

LUCK LUCKY STRIKE ENTERTAINMENT 5.0%

Value ($000) $11,196 Shares 1,093,370 Est. Cost $9.60 Unrealized -11.1%

— HUDSON PACIFIC PROPERTIES IN 4.0%

Value ($000) $8,848 Shares 3,205,729 Est. Cost $2.86 Unrealized —

— PFE OPTIONS 2.4%

Value ($000) $5,400 Shares 200,000 Est. Cost — Unrealized —

— BMY OPTIONS 2.4%

Value ($000) $5,250 Shares 100,000 Est. Cost — Unrealized —

— TROX OPTIONS 2.0%

Value ($000) $4,500 Shares 750,000 Est. Cost — Unrealized —

— SOC OPTIONS 1.5%

Value ($000) $3,225 Shares 270,000 Est. Cost — Unrealized —

— GNW OPTIONS 0.8%

Value ($000) $1,750 Shares 250,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LUCK	LUCKY STRIKE ENTERTAINMENT	1,093,370	$11,196	5.0%	$9.60	-11.1%	—	10258P102
—	HUDSON PACIFIC PROPERTIES IN	3,205,729	$8,848	4.0%	$2.86	—	—	444097109
—	PFE OPTIONS	200,000	$5,400	2.4%	—	—	CALL	717081903
—	BMY OPTIONS	100,000	$5,250	2.4%	—	—	CALL	110122908
—	TROX OPTIONS	750,000	$4,500	2.0%	—	—	CALL	G9087Q902
—	SOC OPTIONS	270,000	$3,225	1.5%	—	—	PUT	78574H954
—	GNW OPTIONS	250,000	$1,750	0.8%	—	—	CALL	37247D906

Decreased Positions (7)

PUMP PROPETRO HOLDING CORP 7.7%

Value ($000) $17,101 (+42.0%) Shares 1,798,185 (-21.8%) Est. Cost $5.51 Unrealized +57.6%

ACHR ARCHER AVIATION INC-A 4.0%

Value ($000) $8,786 (-31.5%) Shares 1,168,333 (-12.7%) Est. Cost $5.45 Unrealized +72.7%

ARQ ARQ INC 1.2%

Value ($000) $2,554 (-57.8%) Shares 781,088 (-7.7%) Est. Cost $8.04 Unrealized -39.3%

— INDIVIOR PLC 6.6%

Value ($000) $14,694 (+28.3%) Shares 409,529 (-13.8%) Est. Cost $14.65 Unrealized —

AMR ALPHA METALLURGICAL RESOURCE 6.2%

Value ($000) $13,831 (+20.3%) Shares 69,198 (-1.2%) Est. Cost $15.12 Unrealized +1043.2%

BTU PEABODY ENERGY CORP 7.3%

Value ($000) $16,108 (+8.2%) Shares 542,341 (-3.4%) Est. Cost $22.44 Unrealized +30.8%

PEG PUBLIC SERVICE ENTERPRISE GP 4.5%

Value ($000) $9,937 (-7.5%) Shares 123,745 (-3.9%) Est. Cost $68.08 Unrealized +19.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PUMP	PROPETRO HOLDING CORP	1,798,185 (-21.8%)	$17,101 (+42.0%)	7.7%	$5.51	+57.6%	COM	74347M108
ACHR	ARCHER AVIATION INC-A	1,168,333 (-12.7%)	$8,786 (-31.5%)	4.0%	$5.45	+72.7%	COM CL A	03945R102
ARQ	ARQ INC	781,088 (-7.7%)	$2,554 (-57.8%)	1.2%	$8.04	-39.3%	COM	00770C101
—	INDIVIOR PLC	409,529 (-13.8%)	$14,694 (+28.3%)	6.6%	$14.65	—	ORD	G4766E116
AMR	ALPHA METALLURGICAL RESOURCE	69,198 (-1.2%)	$13,831 (+20.3%)	6.2%	$15.12	+1043.2%	COM	020764106
BTU	PEABODY ENERGY CORP	542,341 (-3.4%)	$16,108 (+8.2%)	7.3%	$22.44	+30.8%	COM	704551100
PEG	PUBLIC SERVICE ENTERPRISE GP	123,745 (-3.9%)	$9,937 (-7.5%)	4.5%	$68.08	+19.1%	COM	744573106

Unchanged Positions (9)

ABX ABACUS GLOBAL MANAGEMENT INC 4.2%

Value ($000) $9,385 Shares 1,097,639 Est. Cost $8.17 Unrealized -20.9%

HTZWW HERTZ GLOBAL HLDGS INC -CW51 0.9%

Value ($000) $1,997 Shares 745,105 Est. Cost $3.64 Unrealized —

ALIT ALIGHT INC - CLASS A 0.5%

Value ($000) $1,034 Shares 530,366 Est. Cost $4.31 Unrealized -42.9%

EXE EXPAND ENERGY CORP 4.1%

Value ($000) $9,155 Shares 82,960 Est. Cost $37.70 Unrealized +193.4%

TSE TRINSEO PLC 0.0%

Value ($000) $76 Shares 152,974 Est. Cost $2.60 Unrealized -54.1%

CYH COMMUNITY HEALTH SYSTEMS INC 1.2%

Value ($000) $2,627 Shares 841,829 Est. Cost $3.00 Unrealized +12.1%

MBI MBIA INC 0.5%

Value ($000) $1,064 Shares 148,662 Est. Cost $6.34 Unrealized +14.0%

— MBI OPTIONS 2.2%

Value ($000) $4,800 Shares 600,000 Est. Cost — Unrealized —

— CC OPTIONS 1.6%

Value ($000) $3,600 Shares 200,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ABX	ABACUS GLOBAL MANAGEMENT INC	1,097,639	$9,385	4.2%	$8.17	-20.9%	CL A	00258Y104
HTZWW	HERTZ GLOBAL HLDGS INC -CW51	745,105	$1,997	0.9%	$3.64	—	*W EXP 06/30/205	42806J148
ALIT	ALIGHT INC - CLASS A	530,366	$1,034	0.5%	$4.31	-42.9%	COM CL A	01626W101
EXE	EXPAND ENERGY CORP	82,960	$9,155	4.1%	$37.70	+193.4%	COM	165167735
TSE	TRINSEO PLC	152,974	$76	0.0%	$2.60	-54.1%	SHS	G9059U107
CYH	COMMUNITY HEALTH SYSTEMS INC	841,829	$2,627	1.2%	$3.00	+12.1%	COM	203668108
MBI	MBIA INC	148,662	$1,064	0.5%	$6.34	+14.0%	COM	55262C100
—	MBI OPTIONS	600,000	$4,800	2.2%	—	—	CALL	55262C900
—	CC OPTIONS	200,000	$3,600	1.6%	—	—	CALL	163851908