DC
DG Capital Management, LLC 13F Filings & Institutional Holdings (Q2 2026)
DG Capital Management, LLCCIK: 0001512716
Sector-focusedMomentum followerHigh-turnover trader
Total reported value
$474.9M
Reporting period: 2026-06-30 · Number of holdings: 27
DG Capital Management, LLC disclosed 27 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $474.9M and a quarterly turnover rate of 70.1%.
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Personality snowflake
- Concentration
- 59.88
- Portfolio Stability
- 70.06
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 44
- Sizing Uniformity
- 84.5
DG Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.150 — mathematically equivalent to about 7 equally-sized positions, well below its 27 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.55), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.6 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 49% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim MCY
-13.9% $3.4M
Add TLN
+52.9% $67.7M
Sold out SRPT 1.25 09-15-27
New buy 98386P102
New buy ABVX
New buy CBZ
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 22 holdings (of 27 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TLN | Talen Energy CORP | Stock-Utilities | 31.20% | +6.53% | +52.93% | |
| 2 | MCY | Mercury General CORP | Stock-Other | 18.33% | -7.30% | -13.93% | |
| 3 | ✓ | Stock-Other | 5.85% | +5.85% | NEW | ||
| 4 | GDDY | Godaddy Inc - Class A | Stock-Tech | 5.57% | -2.21% | +1.58% | |
| 5 | ABVX | Abivax Sa-adr | Stock-Other | 5.30% | +5.30% | NEW | |
| 6 | CBZ | Cbiz Inc | Stock-Other | 4.46% | +4.46% | NEW | |
| 7 | RIOT 0.75 01-15-30Bond | Riot Platforms Inc | Bond | 4.02% | -0.04% | -17.39% | |
| 8 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 3.16% | +3.16% | NEW | |
| 9 | CAPR | Capricor Therapeutics Inc | Stock-Other | 3.10% | -0.55% | +55.98% | |
| 10 | MAGN | Magnera CORP | Stock-Other | 2.73% | -0.79% | -8.77% | |
| 11 | BSX | Boston Scientific CORP | Stock-Healthcare | 2.70% | +2.70% | NEW | |
| 12 | GLNG | Golar LNG Limited | Stock-Energy | 2.60% | -1.52% | — | |
| 13 | BUR | Burford Capital Limited | Stock-Other | 1.94% | +1.81% | +2295.48% | |
| 14 | ✓ | Stock-Other | 1.80% | +1.80% | NEW | ||
| 15 | OWL | Blue Owl Capital Inc | Stock-Financials | 1.77% | -1.07% | -5.23% | |
| 16 | OKLO | Oklo Inc | Stock-Utilities | 1.54% | +0.40% | +86.67% | |
| 17 | MSDL | Morgan Stanley Direct Lendin | Stock-Other | 1.51% | -0.95% | -17.38% | |
| 18 | ✓ | Stock-Other | 1.17% | +1.17% | NEW | ||
| 19 | GEL | Genesis Energy L.p. | Stock-Other | 0.85% | +0.33% | +199.09% | |
| 20 | EQ | Equillium Inc | Stock-Other | 0.31% | +0.31% | NEW | |
| 21 | UTHR | United Therapeutics CORP | Stock-Healthcare | 0.06% | -0.04% | — | |
| 22 | ✓ | Stock-Other | 0.02% | +0.02% | NEW |
Portfolio Performance
Performance for Q3 2026
-4.6%
Performance Last 4 Quarters
+15.6%
Based on 90% of reported portfolio value with available pricing
- Stdev
- +23%
- Beta
- +1.19
- Alpha
- -9%
- Max Drawdown
- -14.9%
- Annualized Perf
- +13%
- Batting Avg vs S&P
- +50%
- Sortino
- +1.02
- Stutzer
- +0.19
- Treynor
- +0.12
- Sterling
- +0.62
- Calmar
- +0.87
- Information Ratio
- -0.3
- Tracking Error
- +17.3%
- Stdev Down
- +14.5%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +54.1%
- Worst 12 Months
- -5.5%
- Efficiency Ratio
- +0.22
- Sharpe
- +0.65
- Stdev Sectors
- +23.2%
- Skewness
- -0.36
- Kurtosis
- -0.53
- Upside Potential
- +2.85
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 27 | $474.9M | 70 | ||
| 2026 Q1 | 25 | $326.2M | 91 | ||
| 2025 Q4 | 21 | $227.9M | 95 | ||
| 2025 Q3 | 20 | $288.0M | 85 | ||
| 2025 Q2 | 24 | $329.2M | 0 | ||
| 2025 Q1 | 22 | $283.2M | 100 | ||
| 2024 Q4 | 24 | $297.8M | 0 | ||
| 2024 Q3 | 16 | $220.4M | 0 | ||
| 2024 Q2 | 22 | $259.5M | 0 | ||
| 2024 Q1 | 23 | $163.3M | 0 | ||
| 2023 Q4 | 28 | $161.8M | 0 | ||
| 2023 Q3 | 28 | $182.8M | 0 | ||
| 2023 Q2 | 38 | $224.2M | 0 | ||
| 2023 Q1 | 29 | $177.8M | 0 | ||
| 2022 Q4 | 41 | $173.3M | 0 | ||
| 2022 Q3 | 61 | $227.3M | 0 | ||
| 2022 Q2 | 72 | $278.4M | 0 | ||
| 2022 Q1 | 135 | $499.6M | 0 | ||
| 2021 Q4 | 142 | $608.7M | 0 | ||
| 2021 Q3 | 173 | $492.9M | 0 | ||
| 2021 Q2 | 194 | $463.3M | 100 | ||
| 2021 Q1 | 127 | $418.7M | 88 | ||
| 2020 Q4 | 39 | $236.4M | 100 | ||
| 2020 Q3 | 26 | $166.2M | 72 | ||
| 2020 Q2 | 27 | $121.9M | 89 | ||
| 2020 Q1 | 16 | $63.4M | 100 | ||
| 2019 Q4 | 9 | $52.0M | 100 | ||
| 2016 Q3 | 9 | $47.4M | 60 | ||
| 2016 Q2 | 8 | $44.1M | 98 | ||
| 2016 Q1 | 15 | $81.1M | 67 | ||
| 2015 Q4 | 13 | $62.6M | 44 | ||
| 2015 Q3 | 16 | $86.0M | 68 | ||
| 2015 Q2 | 20 | $113.1M | 92 | ||
| 2015 Q1 | 11 | $89.1M | 100 | ||
| 2014 Q4 | 12 | $159.2M | — |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
DG Capital Management, LLC's most significant position changes for 2026-06-30: New buy: ; New buy: Abivax Sa-adr (ABVX); New buy: Cbiz Inc (CBZ); Sold out: Sarepta Therapeutics Inc (SRPT 1.25 09-15-27); New buy: Ishares Russell 2000 ETF (IWM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TLN | Talen Energy CORP | +6.5% | +52.93% | Add |
| 2 | ✓ | +5.9% | NEW | New buy | |
| 3 | ABVX | Abivax Sa-adr | +5.3% | NEW | New buy |
| 4 | CBZ | Cbiz Inc | +4.5% | NEW | New buy |
| 5 | IWM | Ishares Russell 2000 ETF | +3.2% | NEW | New buy |
| 6 | BSX | Boston Scientific CORP | +2.7% | NEW | New buy |
| 7 | BUR | Burford Capital Limited | +1.8% | +2295.48% | Add |
| 8 | ✓ | +1.8% | NEW | New buy | |
| 9 | ✓ | +1.2% | NEW | New buy | |
| 10 | OKLO | Oklo Inc | +0.4% | +86.67% | Add |
| 11 | GEL | Genesis Energy L.p. | +0.3% | +199.09% | Add |
| 12 | EQ | Equillium Inc | +0.3% | NEW | New buy |
| 13 | ✓ | 0% | NEW | New buy | |
| 14 | RIOT 0.75 01-15-30Bond | Riot Platforms Inc | 0% | -17.39% | Trim |
| 15 | UTHR | United Therapeutics CORP | 0% | — | Unchanged |
| 16 | DNOW | Dnow Inc | -0.2% | EXIT | Sold out |
| 17 | TISI | Team Inc | -0.3% | EXIT | Sold out |
| 18 | CAPR | Capricor Therapeutics Inc | -0.6% | +55.98% | Add |
| 19 | MAGN | Magnera CORP | -0.8% | -8.77% | Trim |
| 20 | SMR | Nuscale Power CORP | -0.8% | EXIT | Sold out |
| 21 | MSDL | Morgan Stanley Direct Lendin | -1% | -17.38% | Trim |
| 22 | OWL | Blue Owl Capital Inc | -1.1% | -5.23% | Trim |
| 23 | TLT | Ishares 20+ Year Treasury Bd | -1.3% | EXIT | Sold out |
| 24 | GLNG | Golar LNG Limited | -1.5% | — | Unchanged |
| 25 | ACIC | American Coastal Insurance C | -1.6% | EXIT | Sold out |
| 26 | ATEX | Anterix Inc | -2% | EXIT | Sold out |
| 27 | GDDY | Godaddy Inc - Class A | -2.2% | +1.58% | Add |
| 28 | IGV | Ishares Expanded Tech-softwa | -3.2% | EXIT | Sold out |
| 29 | CZR | Caesars Entertainment Inc | -3.7% | EXIT | Sold out |
| 30 | SRPT 1.25 09-15-27Bond | Sarepta Therapeutics Inc | -6.3% | EXIT | Sold out |
| 31 | MCY | Mercury General CORP | -7.3% | -13.93% | Trim |
Filing History
FAQ
What is DG Capital Management, LLC and what type of investor is it?
DG Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $474.9M, spread across 27 disclosed positions.
What are DG Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, DG Capital Management, LLC's top holdings by market value are:
1. Talen Energy CORP (TLN) — $148.2M (31.2%)
2. Mercury General CORP (MCY) — $87.1M (18.3%)
3. — $27.8M (5.8%)
4. Godaddy Inc - Class A (GDDY) — $26.5M (5.6%)
5. Abivax Sa-adr (ABVX) — $25.2M (5.3%)
What changes did DG Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, DG Capital Management, LLC made 29 notable position adjustments: 9 new positions were initiated, 6 existing holdings were added to, 5 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: ; New buy: Abivax Sa-adr (ABVX); New buy: Cbiz Inc (CBZ); Sold out: Sarepta Therapeutics Inc (SRPT 1.25 09-15-27); New buy: Ishares Russell 2000 ETF (IWM)
What sectors does DG Capital Management, LLC focus on?
DG Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Utilities: 66.2%
• Financials: 11.7%
• Information Technology: 11.3%
• Health Care: 5.6%
• Energy: 5.3%
Investment Profile
DG Capital Management, LLC returned an annualized 13.0% over the trailing 36 months — underperforming the S&P 500 by 9.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.19 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 66.2% of the portfolio concentrated in Utilities.
Its turnover score has risen from 0 to 70 over the past 4 quarters — a shift toward more active trading.
It has added to its TLN position for two straight quarters, increasing it by $147.2M to reach $148.2M.
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