DSC Meridian Capital LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), DSC Meridian Capital LP reported 5 stock positions worth $80.6 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 34.3% of the portfolio, followed by Vanguard Long-Term Corp. Bond (VCLT, 28.5%) and Invesco Senior Loan ETF (BKLN, 15.0%). Compared with Q4 2023, it sold out of 3, added to 1 and reduced 2. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +123%) and the biggest sale Vanguard Long-Term Corp. Bond (VCLT, shares −58%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001970572
Portfolio Value
$80.6M (Q1 2024)
SEC Filing
0001970572-24-000006 ↗ filed May 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $80.6M $80.6M Q1 2024 Q2 2024: $121.7M Q2 2024 Q3 2024: $111.1M Q3 2024 Q4 2024: $124.8M Q4 2024 Q1 2025: $101.1M Q1 2025 Q2 2025: $148.1M Q2 2025 Q3 2025: $200.0M Q3 2025 Q4 2025: $203.9M Q4 2025 Q1 2026: $188.9M Q1 2026 Q2 2026: $303.9M Q2 2026

Holdings 5 stocks · $80.6M
TLT iShares 20+ Year Treasury BD 34.33% 292,523 $27.7M Add +122.7%
VCLT Vanguard Long-Term Corp. Bond 28.48% 293,500 $23.0M Reduce -58.0%
BKLN Invesco Senior Loan ETF 15.04% 573,185 $12.1M Reduce -52.5%
TECK Teck Resources Ltd.-CLS B 13.31% 234,446 $10.7M No change
SLCA US Silica Holdings Inc. 8.83% 573,778 $7.1M No change

Options reported separately and not counted above: TLT calls ($56.8M).

Other holdings (3): bonds, preferreds, convertibles and warrants · $57.4M (not counted above)
SecurityClassShares / PrincipalValueChange
SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) NOTE 9/1 · principal 31,000,000$28.4MNew
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 19,750,000$19.2MNo change
SUNRUN INC (RUN 0 02/01/26) NOTE 2/0 · principal 11,250,000$9.8MAdd +114.3%

Total filed on the 13F, all lines: $138.0M.

Portfolio Sells Q4 2023 → Q1 2024
VCLT Vanguard Long-Term Corp. Bond Reduce -58.0% 28.48% −18.42
BKLN Invesco Senior Loan ETF Reduce -52.5% 15.04% −6.34
VERTEX ENERGY INC Sold out 0.00% −4.19
HES Hess Corp. Sold out 0.00% −2.41
HBM Hudbay Minerals Inc. Sold out 0.00% −0.54

Portfolio Buys Q4 2023 → Q1 2024
TLT iShares 20+ Year Treasury BD Add +122.7% 34.33% +23.47

Options Activity Q4 2023 → Q1 2024
GOLLQ Gol Linhas Aereas Intel-ADR put Sold out 561,000 $2.0Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2023 → Q1 2024
SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) NOTE 9/1 · principal New 31,000,000 $28.4M
SUNRUN INC (RUN 0 02/01/26) NOTE 2/0 · principal Add +114.3% 11,250,000 $9.8M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$303.9MAERO, AZUL, CORZ, USHY, BKLN
Q1 2026 9$188.9MUSHY, AERO, CORZ, HYG, VST
Q4 2025 9$203.9MAERO, CORZ, USHY, BKLN, VST
Q3 2025 9$200.0MBKLN, CORZ, VST, COOP, TECK
Q2 2025 10$148.1MUSHY, VST, BKLN, K, CORZ
Q1 2025 6$101.1MUSHY, BKLN, VST, HYG, TLN
Q4 2024 11$124.8MBKLN, VCLT, USHY, VST, HCP
Q3 2024 13$111.1MUSHY, VCLT, TLT, BKLN, VST
Q2 2024 11$121.7MUSHY, TLT, VCLT, BKLN, TECK
Q1 2024Amended 5$80.6MTLT, VCLT, BKLN, TECK, SLCA