AltMountain

MHR Fund Management LLC

New York, NY · CRD 157212
Hedge fund manager

MHR Fund Management LLC is an SEC-registered investment adviser based in New York, NY that reports managing 2 hedge funds on Form ADV. It reports $5.3 billion in regulatory assets under management. Its private funds, of all types, hold $5.3 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +62.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +125.5% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.

Regulatory assets under management
$5.3 billionForm ADV Item 5.F
Gross assets of private funds
$5.3 billionAll private fund types, Form ADV
Hedge funds managed
210 private funds in total
Employees
21Form ADV Item 5.A
Registration
SEC-registered adviserCRD 157212
Latest Form ADV
03/31/2026Disciplinary disclosures: none reported

Estimated 13F portfolio performance

Est. 2026 YTD+62.3%Through Q2 2026 · S&P 500 +9.5%
Est. 2-year return+125.5%Q3 2024 – Q2 2026
S&P 500+37.2%Same quarters, price only
13F holdings$1.9 billion11 positions, 2026-06-30
$100$163$225Q3 2024Q1 2025Q3 2025Q1 202613F est. $225S&P 500 $137
QuarterEst. 13F returnS&P 500
Q2 2026+39.2%+14.8%
Q1 2026+16.6%-4.6%
Q4 2025+13.0%+2.4%
Q3 2025+10.8%+7.8%
Q2 2025+7.2%+10.4%
Q1 2025-7.8%-4.5%
Q4 2024+4.6%+2.1%
Q3 2024+7.3%+5.4%

Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures

Largest disclosed holdings

  • Telesat Corp$912.9 million
  • Lionsgate Studio$576.4 million
  • Hafnia LTD$135.8 million
  • Iovance Biotherapeutics Inc$120.5 million
  • Starz Entertainment Corp.$82.6 million
  • Apollo Global Management Inc$47.3 million
  • Griffon Corp$23.3 million
  • Patria Investments Limited$11.0 million
  • Terawulf Inc$7.4 million
  • Altice USA Inc$1.6 million

As of 2026-06-30, from 13F filing by MHR Fund Management LLC.

Private funds reported on Form ADV (10)

As reported in the adviser's Form ADV filed Nov 27, 2024. Funds also listed from Form D are shown above.

From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures