Q2 2026 13F · SEC CIK 1512716
DG Capital Management, LLC
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $261.1M
- Reported positions
- 18
- Top holdings a year, 3 yrs
- +19.6%
- Assets under management
- $521.9M
DG Capital Management, LLC is a hedge fund that reported 18 positions worth $261.1M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Mercury General Corp (MCY, 19.7%), Talen Energy Corp (TLN, 15.1%), X-Energy Inc (XE, 10.6%). A portfolio copying its top holdings returned 19.6% a year over the last 3 years, against 20.4% for the S&P 500.
DG Capital Management, LLC holdings all 18 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| MCYMercury General Corp | 19.7% | -18.8% | $51.5M |
| TLNTalen Energy Corp | 15.1% | -8.6% | $39.4M |
| XEX-Energy Inc | 10.6% | — | $27.8M |
| CBZCbiz Inc | 8.1% | — | $21.2M |
| GDDYGodaddy Inc | 6.9% | +2.3% | $18.0M |
| ABVXAbivax SA | 6.2% | — | $16.3M |
| CAPRCapricor Therapeutics Inc | 5.6% | +56.0% | $14.7M |
| MAGNMagnera Corp | 5.0% | -8.8% | $12.9M |
| BSXBoston Scientific Corp | 4.9% | — | $12.8M |
| GLNGGolar Lng Ltd Shs | 4.7% | +0.0% | $12.4M |
| BURBurford Capital Limited | 3.5% | +2295.5% | $9.2M |
| OWLBlue Owl Capital Inc | 3.2% | -5.2% | $8.4M |
| MSDLMorgan Stanley Direct Lending Fund | 2.8% | -17.4% | $7.2M |
| AZULAzul S A | 2.1% | — | $5.5M |
| GELGenesis Energy L P | 0.7% | +42.2% | $1.9M |
| EQEquillium Inc | 0.6% | — | $1.5M |
| UTHRUnited Therapeutics Corp Del | 0.1% | +0.0% | $302K |
| ZOOZZooz Strategy Ltd | 0.0% | — | $103K |
What DG Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- XE X-Energy Inc10.6% of 13F
- CBZ Cbiz Inc8.1% of 13F
- ABVX Abivax SA6.2% of 13F
- BSX Boston Scientific Corp4.9% of 13F
- AZUL Azul S A2.1% of 13F
- EQ Equillium Inc0.6% of 13F
- ZOOZ Zooz Strategy Ltd0.0% of 13F
Added to
- BUR Burford Capital Limited+2295.5% shares
- CAPR Capricor Therapeutics Inc+56.0% shares
- GEL Genesis Energy L P+42.2% shares
Reduced
- MCY Mercury General Corp-18.8% shares
- MSDL Morgan Stanley Direct Lending Fund-17.4% shares
- MAGN Magnera Corp-8.8% shares
- TLN Talen Energy Corp-8.6% shares
- OWL Blue Owl Capital Inc-5.2% shares
Sold out
- Caesars Entertainment Inc Newas 6.1%
- IGV Ishares Trwas 5.3%
- ATEX Anterix Inc.was 3.3%
- ACIC American Coastal Insurancewas 2.7%
- TISI Team Incwas 0.4%
- DNOW Dnow Inc (DNOW)was 0.3%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +37.4% /yr
- S&P 500 +20.1%
- 3 years
- +19.6% /yr
- S&P 500 +20.4%
- 5 years
- +8.1% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $261.1M | 18 |
| Q1 2026 | $197.5M | 17 |
| Q4 2025 | $91.4M | 12 |
| Q3 2025 | $153.6M | 12 |
| Q2 2025 | $211.9M | 15 |
| Q1 2025 | $183.6M | 14 |
| Q4 2024 | $147.1M | 14 |
| Q3 2024 | $193.0M | 14 |
| Q2 2024 | $141.9M | 16 |
| Q1 2024 | $154.5M | 19 |
| Q4 2023 | $147.7M | 21 |
| Q3 2023 | $159.0M | 20 |
Questions about DG Capital Management, LLC's portfolio
What stocks does DG Capital Management, LLC own?
DG Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 18 positions worth $261.1M. The largest are Mercury General Corp (MCY) at 19.7%, Talen Energy Corp (TLN) at 15.1%, X-Energy Inc (XE) at 10.6%, Cbiz Inc (CBZ) at 8.1% and Godaddy Inc (GDDY) at 6.9%.
What did DG Capital Management, LLC buy last quarter?
In Q2 2026, DG Capital Management, LLC added a new position in X-Energy Inc (XE), a new position in Cbiz Inc (CBZ), a new position in Abivax SA (ABVX), a new position in Boston Scientific Corp (BSX), a new position in Azul S A (AZUL), Burford Capital Limited (BUR) (+2295.5% shares), Capricor Therapeutics Inc (CAPR) (+56.0% shares) and Genesis Energy L P (GEL) (+42.2% shares), compared with its Q1 2026 filing.
What did DG Capital Management, LLC sell last quarter?
In Q2 2026, DG Capital Management, LLC sold all of Caesars Entertainment Inc Ne, sold all of Ishares Tr (IGV), sold all of Anterix Inc. (ATEX), sold all of American Coastal Insurance (ACIC), sold all of Team Inc (TISI), Mercury General Corp (MCY) (-18.8% shares), Morgan Stanley Direct Lending Fund (MSDL) (-17.4% shares) and Magnera Corp (MAGN) (-8.8% shares), compared with its Q1 2026 filing.
How has DG Capital Management, LLC's portfolio performed?
A portfolio copying DG Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +37.4% against +20.1%. Over 5 years: +8.1% a year against +11.6%.
When is DG Capital Management, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. DG Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does DG Capital Management, LLC manage?
DG Capital Management, LLC reported $521.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $261.1M.