DG Capital Management, LLC

NEW YORK, NY · CIK 1512716 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$521.9m
Staff11 · 11 in investment roles
Main clients (by assets)Private funds 92%
Private funds3 (2 hedge) · $481.4m gross assets
Form ADV · 2026-05-04SEC adviser record

Legal entityDG CAPITAL MANAGEMENT, LLC (US)

Kindhedge funds, private equity
Others nearbyNew York, NY, Boca Raton, FL

As an employer

Offices in1 country
Private fundshedge 2, private equity 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 8
Boca Raton, FLUnited States	United States	2
Dorado, PRUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$288.7m reported value +24.8% vs Q1 2026

20positions

80.9%in top 10

8 new 4 added 6 reduced 7 sold out vs Q1 2026

Options: 5 call positions ($163.9m notional), 2 put positions ($22.3m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MERCURY GENL CORP NEW COM MCY	MCY	482,663	$51.5m17.83%	17.83%	Reduced -111.7k	-111,714 -18.8%
2	TALEN ENERGY CORP COM TLN	TLN	102,507	$39.4m13.64%	13.64%	Reduced -9.6k	-9,637 -8.6%
3	X-ENERGY INC COM CL A XE	XE	1,512,339	$27.8m9.62%	9.62%	New
4	CBIZ INC COM CBZ	CBZ	660,000	$21.2m7.33%	7.33%	New
5	RIOT PLATFORMS INC NOTE 0.750% 1/1 · principal RIOT 0.75 01.15.30 · principal	RIOT 0.75 01.15.30	9,500,000	$19.1m6.62%	6.62%	Reduced -2.0m	-2,000,000 -17.4%
6	GODADDY INC CL A GDDY	GDDY	211,720	$18.0m6.22%	6.22%	Added +4.9k	+4,860 2.4%
7	ABIVAX SA SPONSORED ADS ABVX	ABVX	122,267	$16.3m5.64%	5.64%	New
8	CAPRICOR THERAPEUTICS INC COM NEW CAPR	CAPR	611,595	$14.7m5.10%	5.10%	Added +219.5k	+219,499 56.0%
9	MAGNERA CORP COM SHS MAGN	MAGN	1,101,476	$12.9m4.48%	4.48%	Reduced -105.9k	-105,880 -8.8%
10	BOSTON SCIENTIFIC CORP COM BSX	BSX	300,000	$12.8m4.44%	4.44%	New
11	GOLAR LNG LTD SHS GLNG	GLNG	248,100	$12.4m4.28%	4.28%	Unchanged
12	BURFORD CAP LTD ORD SHS BUR	BUR	2,244,180	$9.2m3.19%	3.19%	Added +2.2m	+2,150,496 2295.5%
13	GOLAR LNG LTD NOTE 2.750%12/1 · principal GLNG 2.75 12.15.30 · principal	GLNG 2.75 12.15.30	7,500,000	$8.5m2.96%	2.96%	New
14	BLUE OWL CAPITAL INC COM CL A OWL	OWL	962,954	$8.4m2.92%	2.92%	Reduced -53.2k	-53,174 -5.2%
15	MORGAN STANLEY DIRECT LENDIN COM SHS MSDL	MSDL	475,537	$7.2m2.49%	2.49%	Reduced -100.0k	-100,000 -17.4%
16	AZUL S A SPONSORED ADS AZUL	AZUL	616,433	$5.5m1.92%	1.92%	New
17	GENESIS ENERGY L P UNIT LTD PARTN GEL	GEL	135,140	$1.9m0.66%	0.66%	Added +40.1k	+40,072 42.1%
18	EQUILLIUM INC COM EQ	EQ	463,396	$1.5m0.51%	0.51%	New
19	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	558	$302.3k0.10%	0.10%	Unchanged
20	ZOOZ STRATEGY LTD ORD SHS ZOOZ	ZOOZ	18,666	$103.4k0.04%	0.04%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SAREPTA THERAPEUTICS INC SRPT 1.25 09.15.27	SRPT 1.25 09.15.27	22,245,000	$20.5m22.2m shares
CAESARS ENTERTAINMENT INC NE CZR	CZR	453,069	$12.0m453.1k shares
ISHARES TR IGV	IGV	130,000	$10.4m130.0k shares
ANTERIX INC ATEX	ATEX	168,217	$6.4m168.2k shares
AMERICAN COASTAL INS CORP ACIC	ACIC	465,287	$5.2m465.3k shares
TEAM INC TISI	TISI	53,579	$854.0k53.6k shares
DNOW INC DNOW	DNOW	57,520	$685.1k57.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TALEN ENERGY CORP TLN · Call	TLN	Call	283,100	$108.8m283.1k shares	Added
MERCURY GENL CORP NEW MCY · Call	MCY	Call	333,900	$35.6m333.9k shares	Reduced
ISHARES TR IWM · Put	IWM	Put	50,000	$15.0m50.0k shares	New
ABIVAX SA ABVX · Call	ABVX	Call	66,700	$8.9m66.7k shares	New
GODADDY INC GDDY · Call	GDDY	Call	100,000	$8.5m100.0k shares	Unchanged
OKLO INC OKLO · Put	OKLO	Put	140,000	$7.3m140.0k shares	Added
GENESIS ENERGY L P GEL · Call	GEL	Call	149,200	$2.1m149.2k shares	New