DG Capital Management, LLC

Portfolio Overview

DG Capital Management, LLC disclosed 27 positions worth $474.9M in its Form 13F-HR for Q2 2026 — $288.7M in common stock plus $186.2M of put/call option positions (reported at underlying notional value, not premium at risk), led by $TLN (Talen Energy Corp) calls, followed by $MCY and $TLN. During the quarter the fund opened 10 new positions and exited 9 — including a new stake in $XE and a full exit from $SRPT. The portfolio is most concentrated in Financials (30.6% of disclosed assets). All figures are sourced directly from DG Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1512716.

• 

  Talen Energy Corp

  $TLN CALL

  57.2#1,112

  Quality

  $108.8M283,100 sh
• 

  MERCURY GENERAL CORP

  $MCY

  76.6#81

  Quality

  $51.5M482,663 sh
• 

  Talen Energy Corp

  $TLN

  57.2#1,112

  Quality

  $39.4M102,507 sh
• 

  MERCURY GENERAL CORP

  $MCY CALL

  76.6

  Quality

  $35.6M333,900 sh
• 

  X-Energy, Inc.

  $XE

  —

  Quality

  $27.8M1,512,339 sh
• 

  CBIZ, Inc.

  $CBZ

  58.8

  Quality

  $21.2M660,000 sh
• 

  Riot Platforms, Inc.

  $RIOT

  38.3

  Quality

  $19.1M9,500,000 sh
• 

  GoDaddy Inc.

  $GDDY

  70.7

  Quality

  $18.0M211,720 sh
• 

  Abivax S.A.

  $ABVX

  —

  Quality

  $16.3M122,267 sh

• ISHARES TR - RUSSELL 2000 ETF PUT

  —

  Quality

  $15.0M50,000 sh

Company	Quality	Value	Shares
Talen Energy Corp$TLNCALL	57.2#1,112	$108.8M	283,100
MERCURY GENERAL CORP$MCY	76.6#81	$51.5M	482,663
Talen Energy Corp$TLN	57.2#1,112	$39.4M	102,507
MERCURY GENERAL CORP$MCYCALL	76.6	$35.6M	333,900
X-Energy, Inc.$XE	—	$27.8M	1,512,339
CBIZ, Inc.$CBZ	58.8	$21.2M	660,000
Riot Platforms, Inc.$RIOT	38.3	$19.1M	9,500,000
GoDaddy Inc.$GDDY	70.7	$18.0M	211,720
Abivax S.A.$ABVX	—	$16.3M	122,267
ISHARES TR - RUSSELL 2000 ETF PUT	—	$15.0M	50,000

Showing top 10 of 27 holdings.

Full Holdings — DG Capital Management, LLC (Q2 2026)

All 27 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$TLNCALL	Talen Energy Corp	$108.8M	—	+102%	57.2
2	$MCY	MERCURY GENERAL CORP	$51.5M	17.8%	-19%	76.6
3	$TLN	Talen Energy Corp	$39.4M	13.6%	-9%	57.2
4	$MCYCALL	MERCURY GENERAL CORP	$35.6M	—	-6%	76.6
5	$XE	X-Energy, Inc.	$27.8M	9.6%	NEW	—
6	$CBZ	CBIZ, Inc.	$21.2M	7.3%	NEW	58.8
7	$RIOT	Riot Platforms, Inc.	$19.1M	6.6%	-17%	38.3
8	$GDDY	GoDaddy Inc.	$18.0M	6.2%	+2%	70.7
9	$ABVX	Abivax S.A.	$16.3M	5.6%	NEW	—
10	—	ISHARES TR - RUSSELL 2000 ETF	$15.0M	—	NEW	—
11	$CAPR	CAPRICOR THERAPEUTICS, INC.	$14.7M	5.1%	+56%	13.6
12	$MAGN	Magnera Corp	$12.9M	4.5%	-9%	50.3
13	$BSX	BOSTON SCIENTIFIC CORP	$12.8M	4.4%	NEW	77.5
14	$GLNG	GOLAR LNG LTD	$12.4M	4.3%	+0%	—
15	$BUR	Burford Capital Ltd	$9.2M	3.2%	+2295%	—
16	$ABVXCALL	Abivax S.A.	$8.9M	—	NEW	—
17	$GLNG	GOLAR LNG LTD	$8.5M	3.0%	NEW	—
18	$GDDYCALL	GoDaddy Inc.	$8.5M	—	+0%	70.7
19	$OWL	BLUE OWL CAPITAL INC.	$8.4M	2.9%	-5%	48.8
20	$OKLOPUT	Oklo Inc.	$7.3M	—	+87%	—
21	$MSDL	Morgan Stanley Direct Lending Fund	$7.2M	2.5%	-17%	—
22	$AZUL	AZUL SA	$5.5M	1.9%	NEW	50
23	$GELCALL	GENESIS ENERGY LP	$2.1M	—	NEW	53.6
24	$GEL	GENESIS ENERGY LP	$1.9M	0.7%	+42%	53.6
25	$EQ	Equillium, Inc.	$1.5M	0.5%	NEW	11.7
26	$UTHR	UNITED THERAPEUTICS Corp	$302,341	0.1%	+0%	71.3
27	$ZOOZ	ZOOZ Strategy Ltd.	$103,410	0.0%	NEW	—