DG Capital Management, LLC — Inside Their 13F Portfolio

DG Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.147 — mathematically equivalent to about 7 equally-sized positions, well below its 25 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 1.53), with a handful of outsized bets alongside many smaller positions.

Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 2.9 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.

Sector classification currently covers about 56% 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.