Converium Capital Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed August 11, 2026), Converium Capital Inc. reported 7 stock positions worth $64.9 million. Its top holding was Dauch (DCH) at 32.6% of the portfolio, followed by Sinclair (SBGI, 21.2%) and Tripadvisor (TRIP, 17.7%). Compared with Q4 2025, it opened 3 new positions, sold out of 1 and added to 3. The biggest buy was a new position in Tripadvisor (TRIP) and the biggest sale an exit from Six Flags Entertainment (FUN).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0002043653
- Portfolio Value
- $64.9M (Q1 2026)
- SEC Filing
- 0001012975-26-000751 ↗ filed Aug 11, 2026
Holdings Value
Holdings 7 stocks · $64.9M
| DCH Dauch Corporation | 32.57% | 3,565,044 | $21.1M | Add +40.2% |
| SBGI Sinclair Inc. | 21.18% | 1,062,452 | $13.7M | Add +15.8% |
| TRIP Tripadvisor Inc. | 17.65% | 1,075,000 | $11.5M | New |
| DK Delek US Holdings Inc. | 15.18% | 218,658 | $9.9M | New |
| FSP Franklin Street Properties C | 6.76% | 6,608,478 | $4.4M | No change |
| OI O-I Glass Inc. | 3.64% | 225,000 | $2.4M | New |
| TROX Tronox Holdings PLC | 3.01% | 200,000 | $2.0M | Add +33.3% |
Options reported separately and not counted above: SPY puts ($162.6M), IWM puts ($59.5M), GLD calls ($32.3M), DCH calls ($20.5M), VALE calls ($19.1M), GDX calls ($13.1M), KMB calls ($11.6M), NEM calls ($10.8M), CAE calls ($9.1M), ITB calls ($9.1M), FCX calls ($8.8M), YPF puts ($8.8M), and 10 more.
Other holdings (7): bonds, preferreds, convertibles and warrants · $97.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 25,000,000 | $25.9M | No change |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 28,300,000 | $22.3M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 21,500,000 | $20.2M | Add +115.0% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 15,000,000 | $14.7M | Add +15.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 10,000,000 | $8.8M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 21,300,000 | $5.9M | No change |
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | 511,097 | $46K | New |
Total filed on the 13F, all lines: $162.8M.
Portfolio Sells Q4 2025 → Q1 2026
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −4.02 |
Portfolio Buys Q4 2025 → Q1 2026
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +4.2% | 250,000 | $162.6M |
| IWM iShares Russell 2000 ETF | put | Reduce -50.5% | 240,000 | $59.5M |
| DCH Dauch Corporation | call | Add +69.1% | 3,450,000 | $20.5M |
| VALE Vale SA-SP ADR | call | Reduce -41.5% | 1,200,000 | $19.1M |
| EIX Edison International | call | Sold out | 310,000 | $18.6Mbefore exit |
| SN Sharkninja Inc. | call | Sold out | 125,000 | $14.0Mbefore exit |
| XME SS SPDR S&P Metals Mining | put | Sold out | 100,000 | $10.4Mbefore exit |
| CAE Cae Inc. | call | New | 350,000 | $9.1M |
| ITB iShares U.S. Home Constructi | call | New | 100,000 | $9.1M |
| MCO Moody's Corp. | put | New | 20,000 | $8.7M |
| DOCN Digitalocean Holdings Inc. | put | Sold out | 170,000 | $8.2Mbefore exit |
| PCG P G & E Corp. | call | Sold out | 400,000 | $6.4Mbefore exit |
| INTC Intel Corp. | call | Reduce -6.7% | 140,000 | $6.2M |
| FOUR SHIFT4 Payments Inc. Class A | call | New | 125,000 | $5.5M |
| KVUE Kenvue Inc. | call | Sold out | 300,000 | $5.2Mbefore exit |
| SBSW Sibanye-Stillwater Ltd.-ADR | call | Reduce -11.1% | 400,000 | $4.9M |
| VTRS Viatris Inc. | call | New | 330,000 | $4.5M |
| AAL American Airlines Group Inc. | call | New | 380,000 | $4.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +115.0% | 21,500,000 | $20.2M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +15.4% | 15,000,000 | $14.7M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 10,000,000 | $8.8M |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | Sold out | 9,500,000 | $8.6Mbefore exit |
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | New | 511,097 | $46K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.