Anchorage Capital Advisors, L.P.
Anchorage Capital Advisors, L.P. is a credit-oriented investment firm headquartered in New York City, New York, with an additional office in London. Formed in 2022 as successor to Anchorage Capital Group, L.L.C., the firm is led by Co-CIOs and Managing Principals Yale Baron and others. Anchorage employs fewer than 25 employees and manages significant assets for institutional clients across the U.S. and Europe, leveraging jurisdictional and restructuring expertise in fundamental value investing.
Investment Strategy
Anchorage Capital Advisors combines fundamental research with active trading and flexible strategies designed to capture opportunities across the credit market continuum. The firm focuses on fundamental value in U.S. and European markets, specializing in credit, special situations, and illiquid investments, particularly with defaulted and leveraged issuers. Their approach integrates active collaboration between investment and infrastructure teams, enabling deep expertise in restructuring and jurisdiction-driven investments.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AMBP | ARDAGH METAL PACKAGING S A | 1.37% | $10.5M | 2,451,062 | $3.01 | $4.28 | -$384.7K |
F FYBR | FRONTIER COMMUNICATIONS PARE | 0.45% | $3.4M | 93,562 | $26.36 | $36.40 | +$50.5K |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | New | Put | $725.9M | 90,000 | $80.65 | $80.65 | +90,000 | +$725.9M |
B BUR | BURFORD CAP LTD | New | Put | $4.5M | 3,132 | $14.26 | $14.26 | +3,132 | +$4.5M |