Diameter Capital Partners LP

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Diameter Capital Partners LP reported 28 stock positions worth $759.9 million. Its top holding was iShares Gold Trust (IAU) at 33.4% of the portfolio, followed by Telephone and Data Systems (TDS, 8.2%) and Masterbrand (MBC, 6.5%). Compared with Q1 2026, it opened 15 new positions, sold out of 4, added to 5 and reduced 6. The biggest buy was a new position in iShares Gold Trust (IAU) and the biggest sale Echostar Class A (ECHO, shares −78%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001727012
Portfolio Value
$759.9M (Q2 2026)
SEC Filing
0001172661-26-003822 ↗ filed Aug 14, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $454.6M Q1 2024 Q2 2024: $295.3M Q2 2024 Q3 2024: $308.5M Q3 2024 Q4 2024: $406.7M Q4 2024 Q1 2025: $373.9M Q1 2025 Q2 2025: $341.0M Q2 2025 Q3 2025: $951.9M Q3 2025 Q4 2025: $894.5M Q4 2025 Q1 2026: $446.3M Q1 2026 Q2 2026: $759.9M $759.9M Q2 2026

Holdings 28 stocks · $759.9M
IAU iShares Gold Trust 33.43% 3,363,600 $254.0M New
TDS Telephone and Data Systems 8.16% 1,675,955 $62.0M New
MBC Masterbrand Inc. 6.47% 4,779,445 $49.2M Add +209.2%
UNIT Uniti Group Inc. 6.04% 4,000,000 $45.9M Reduce -29.6%
SPCX Space Exploration Techn Class A 5.62% 250,000 $42.7M New
FBIN Fortune Brands Innovations I 5.03% 696,350 $38.2M Add +2.4%
ECHO Echostar Corp. Class A 4.36% 326,754 $33.2M Reduce -77.8%
JHX James Hardie Ind PLC 4.04% 1,172,112 $30.7M Add +2244.2%
AMBP Ardagh Metal Packaging SA 3.14% 5,030,465 $23.8M Add +12.6%
VISN Vistance Networks Inc. 2.94% 1,750,000 $22.4M Add +118.8%
CMCSA Comcast Corp. Class A 2.71% 840,000 $20.6M New
OVV Ovintiv Inc. 2.70% 390,000 $20.5M New
MAGN Magnera Corp. 1.86% 1,205,793 $14.2M No change
SILA Sila Realty Trust Inc. 1.75% 437,473 $13.3M Reduce -58.4%
SEI Solaris Energy Infrastructur 1.59% 150,000 $12.1M New
CMCO Columbus McKinnon Corp. 1.43% 715,783 $10.8M No change
CHTR Charter Communications Inc. Class A 1.40% 75,000 $10.7M New
CBRS Cerebras Systems Inc. Class A 1.02% 35,000 $7.7M New
NCDL Nuveen Churchill Direct Lend 0.99% 604,645 $7.5M Reduce -56.2%
WING Wingstop Inc. 0.91% 40,000 $6.9M New
PFLT Pennantpark Floating Rate Ca 0.89% 900,000 $6.7M Reduce -45.6%
CYH Community Health Systems Inc. 0.81% 1,837,962 $6.1M New
CGBD Carlyle Secured Lending Inc. 0.70% 508,387 $5.4M New
EAT Brinker International Inc. 0.65% 29,500 $5.0M New
FWRD Forward Air Corp. 0.62% 350,000 $4.7M New
MWH Solv Energy Inc. Class A 0.36% 80,000 $2.7M New
INIO Innio NV 0.26% 50,000 $2.0M New
BBDC Barings BDC Inc. 0.11% 96,589 $823K Reduce -93.4%

Options reported separately and not counted above: SPY puts ($298.7M), ECHO calls ($1.7M).

Other holdings (4): bonds, preferreds, convertibles and warrants · $179.9M (not counted above)
SecurityClassShares / PrincipalValueChange
SHARONAI HOLDINGS INC CONV BOND · principal 108,500,000$126.7MNew
WOLFSPEED INC CONV BOND · principal 11,970,000$29.7MNew
KEEL INFRASTRUCTURE CORP CONV BOND · principal 12,500,000$14.6MNew
KEEL INFRASTRUCTURE CORP CONV BOND · principal 8,000,000$8.9MNew

Total filed on the 13F, all lines: $939.7M.

Portfolio Sells Q1 2026 → Q2 2026
ECHO Echostar Corp. Class A Reduce -77.8% 4.36% −34.21
UNIT Uniti Group Inc. Reduce -29.6% 6.04% −5.90
PCG P G & E Corp. Sold out 0.00% −4.72
UWMC Uwm Holdings Corp. Sold out 0.00% −4.70
SILA Sila Realty Trust Inc. Reduce -58.4% 1.75% −3.83
NCDL Nuveen Churchill Direct Lend Reduce -56.2% 0.99% −2.94
SLRC SLR Investment Corp. Sold out 0.00% −2.65
BBDC Barings BDC Inc. Reduce -93.4% 0.11% −2.61
PFLT Pennantpark Floating Rate Ca Reduce -45.6% 0.89% −2.10
RH RH Sold out 0.00% −0.96

Portfolio Buys Q1 2026 → Q2 2026
IAU iShares Gold Trust New 33.43% +33.43
TDS Telephone and Data Systems New 8.16% +8.16
SPCX Space Exploration Techn Class A New 5.62% +5.62
JHX James Hardie Ind PLC Add +2244.2% 4.04% +3.83
MBC Masterbrand Inc. Add +209.2% 6.47% +3.59
CMCSA Comcast Corp. Class A New 2.71% +2.71
OVV Ovintiv Inc. New 2.70% +2.70
SEI Solaris Energy Infrastructur New 1.59% +1.59
CHTR Charter Communications Inc. Class A New 1.40% +1.40
CBRS Cerebras Systems Inc. Class A New 1.02% +1.02
WING Wingstop Inc. New 0.91% +0.91
CYH Community Health Systems Inc. New 0.81% +0.81
CGBD Carlyle Secured Lending Inc. New 0.70% +0.70
EAT Brinker International Inc. New 0.65% +0.65
FWRD Forward Air Corp. New 0.62% +0.62
MWH Solv Energy Inc. Class A New 0.36% +0.36
INIO Innio NV New 0.26% +0.26
VISN Vistance Networks Inc. Add +118.8% 2.94% −0.32
FBIN Fortune Brands Innovations I Add +2.4% 5.03% −0.91
AMBP Ardagh Metal Packaging SA Add +12.6% 3.14% −0.92

Options Activity Q1 2026 → Q2 2026
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -20.0% 400,000 $298.7M
IWM iShares Russell 2000 ETF put Sold out 400,000 $99.2Mbefore exit
BKNG Booking Holdings Inc. put Sold out 150,000 $25.3Mbefore exit
CZR Caesars Entertainment Inc. call Sold out 920,600 $24.3Mbefore exit
HCA HCA Healthcare Inc. put Sold out 47,000 $22.2Mbefore exit
ARKK ARK Innovation ETF put Sold out 300,000 $20.3Mbefore exit
XLI SS Industrial Select Sector put Sold out 125,000 $20.2Mbefore exit
GOOGL Alphabet Inc. Class A call Sold out 25,000 $7.2Mbefore exit

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
SHARONAI HOLDINGS INC CONV BOND · principal New 108,500,000 $126.7M
NEBIUS GROUP NV (NBIS 1.25 03/15/31) FIXED INCOME · principal Sold out 40,000,000 $38.5Mbefore exit
NEBIUS GROUP NV (NBIS 2.625 03/15/33 .) FIXED INCOME · principal Sold out 40,000,000 $37.2Mbefore exit
WOLFSPEED INC CONV BOND · principal New 11,970,000 $29.7M
KEEL INFRASTRUCTURE CORP CONV BOND · principal New 12,500,000 $14.6M
KEEL INFRASTRUCTURE CORP CONV BOND · principal New 8,000,000 $8.9M
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) DEB 3.750% 2/1 · principal Sold out 7,783,528 $320Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 28$759.9MIAU, TDS, MBC, UNIT, SPCX
Q1 2026 17$446.3MECHO, UNIT, FBIN, SILA, PCG
Q4 2025 32$894.5MECHO, MBC, TDS, SILA, FSK
Q3 2025 30$951.9MECHO, MBC, WBD, TDS, SILA
Q2 2025 19$341.0MECHO, VISN, WBD, RH, NVRI
Q1 2025 16$373.9MECHO, SILA, NBIS, OPTU, WBD
Q4 2024 19$406.7MECHO, SILA, NBIS, CORZ, VEON
Q3 2024 16$308.5MAPLD, SILA, CORZ, OPTU, TAC
Q2 2024 13$295.3MCORZ, LQD, VIK, PRIM, AMBP
Q1 2024 11$454.6MLQD, CALY, PRIM, ECHO, AMBP