DG Capital Management, LLC In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), DG Capital Management, LLC reported 18 stock positions worth $261.1 million . Its top holding was Mercury General (MCY) at 19.7% of the portfolio, followed by Talen Energy (TLN, 15.1% ) and X-Energy (XE, 10.6% ). Compared with Q1 2026, it opened 7 new positions, sold out of 6, added to 4 and reduced 5. The biggest buy was a new position in X-Energy (XE) and the biggest sale Mercury General (MCY, shares −19% ).
Location NEW YORK, NY
CIK 0001512716
Portfolio Value $261.1M (Q2 2026) Holdings 18 stocks · $261.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 MCY Mercury General Corp. 482,663 $51.5M Reduce -18.8% TLN Talen Energy Corp. 102,507 $39.4M Reduce -8.6% XE X-Energy Inc. 1,512,339 $27.8M New CBZ Cbiz Inc. 660,000 $21.2M New GDDY GoDaddy Inc. Class A 211,720 $18.0M Add +2.4% ABVX Abivax SA-ADR 122,267 $16.3M New CAPR Capricor Therapeutics Inc. 611,595 $14.7M Add +56.0% MAGN Magnera Corp. 1,101,476 $12.9M Reduce -8.8% BSX Boston Scientific Corp. 300,000 $12.8M New GLNG Golar LNG Ltd. 248,100 $12.4M No change BUR Burford Capital Ltd. 2,244,180 $9.2M Add +2295.5% OWL Blue Owl Capital Inc. 962,954 $8.4M Reduce -5.2% MSDL Morgan Stanley Direct Lendin 475,537 $7.2M Reduce -17.4% AZUL Azul SA-Spon ADR 616,433 $5.5M New GEL Genesis Energy L.P. 135,140 $1.9M Add +42.1% EQ Equillium Inc. 463,396 $1.5M New UTHR United Therapeutics Corp. 558 $302K No change ZOOZ Zooz Strategy Ltd. 18,666 $103K New
Options reported separately and not counted above: TLN calls ($108.8M), MCY calls ($35.6M), IWM puts ($15.0M), ABVX calls ($8.9M), GDDY calls ($8.5M), OKLO puts ($7.3M), GEL calls ($2.1M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $27.6M (not counted above) Total filed on the 13F, all lines: $288.7M.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ MCY Mercury General Corp. Reduce -18.8% 19.71% −6.82 CZR Caesars Entertainment Inc. Sold out 0.00% −6.06 IGV iShares Expanded Tech-Softwa Sold out 0.00% −5.27 ATEX Anterix Inc. Sold out 0.00% −3.25 TLN Talen Energy Corp. Reduce -8.6% 15.09% −3.04 ACIC American Coastal Insurance C Sold out 0.00% −2.65 OWL Blue Owl Capital Inc. Reduce -5.2% 3.23% −1.47 MSDL Morgan Stanley Direct Lendin Reduce -17.4% 2.75% −1.31 MAGN Magnera Corp. Reduce -8.8% 4.96% −0.86 TISI Team Inc. Sold out 0.00% −0.43 DNOW Dnow Inc. Sold out 0.00% −0.35
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ XE X-Energy Inc. New 10.64% +10.64 CBZ Cbiz Inc. New 8.11% +8.11 ABVX Abivax SA-ADR New 6.24% +6.24 BSX Boston Scientific Corp. New 4.90% +4.90 BUR Burford Capital Ltd. Add +2295.5% 3.52% +3.31 AZUL Azul SA-Spon ADR New 2.12% +2.12 EQ Equillium Inc. New 0.57% +0.57 ZOOZ Zooz Strategy Ltd. New 0.04% +0.04 GEL Genesis Energy L.P. Add +42.1% 0.73% −0.12 CAPR Capricor Therapeutics Inc. Add +56.0% 5.64% −0.40 GDDY GoDaddy Inc. Class A Add +2.4% 6.88% −1.78
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ TLN Talen Energy Corp. call Add +102.2% 283,100 $108.8M MCY Mercury General Corp. call Reduce -5.8% 333,900 $35.6M IWM iShares Russell 2000 ETF put New 50,000 $15.0M ABVX Abivax SA-ADR call New 66,700 $8.9M OKLO Oklo Inc. put Add +86.7% 140,000 $7.3M TLT iShares 20+ Year Treasury BD call Sold out 50,000 $4.3Mbefore exit SMR Nuscale Power Corp. put Sold out 252,500 $2.7Mbefore exit GEL Genesis Energy L.P. call New 149,200 $2.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 18 $261.1M MCY, TLN, XE, CBZ, GDDY Q1 2026 17 $197.5M MCY, TLN, GDDY, GLNG, CZR Q4 2025 12 $91.4M MCY, ACIC, CAPR, GEL, TLN Q3 2025 11 $153.6M MCY, BUR, CZR, ATEX, MAGN Q2 2025 14 $211.9M MCY, BUR, THC, ATEX, COO Q1 2025 13 $183.6M MCY, TLN, ATEX, THC, BUR Q4 2024 12 $147.1M TLN, THC, BUR, GEO, ATEX Q3 2024 11 $193.0M THC, TLN, CZR, BUR, CYH Q2 2024 13 $141.9M THC, CZR, EVRI, BUR, INSE Q1 2024 16 $154.4M THC, CZR, FENC, EVRI, BUR