DSC Meridian Capital LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), DSC Meridian Capital LP reported 11 stock positions worth $121.7 million. Its top holding was iShares Broad Usd High Yield (USHY) at 23.5% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 22.1%) and Vanguard Long-Term Corp. Bond (VCLT, 18.3%). Compared with Q1 2024, it opened 7 new positions, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in iShares Broad Usd High Yield (USHY) and the biggest sale an exit from US Silica (SLCA).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001970572
Portfolio Value
$121.7M (Q2 2024)
SEC Filing
0001970572-24-000008 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $80.6M Q1 2024 Q2 2024: $121.7M $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 11 stocks · $121.7M
USHY iShares Broad Usd High Yield 23.45% 786,476 $28.5M New
TLT iShares 20+ Year Treasury BD 22.07% 292,523 $26.8M No change
VCLT Vanguard Long-Term Corp. Bond 18.30% 293,500 $22.3M No change
BKLN Invesco Senior Loan ETF 14.88% 860,137 $18.1M Add +50.1%
TECK Teck Resources Ltd.-CLS B 5.49% 139,446 $6.7M Reduce -40.5%
SRCL Stericycle Inc. 4.78% 100,000 $5.8M New
HCP Hashicorp Inc. Class A 4.28% 154,400 $5.2M New
NXT Nextpower Inc. filed as NEXTRACKER INC 2.56% 66,400 $3.1M New
HBM Hudbay Minerals Inc. 2.17% 291,500 $2.6M New
NEE Nextera Energy Inc. 1.43% 24,565 $1.7M New
AES AES Corp. 0.60% 417,147 $732K New

Options reported separately and not counted above: HYG puts ($135.0M), TLT calls ($42.8M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $18.1M (not counted above)
SecurityClassShares / PrincipalValueChange
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 18,950,000$18.1MReduce -4.0%

Total filed on the 13F, all lines: $139.7M.

Portfolio Sells Q1 2024 → Q2 2024
SLCA US Silica Holdings Inc. Sold out 0.00% −8.83
TECK Teck Resources Ltd.-CLS B Reduce -40.5% 5.49% −7.82

Portfolio Buys Q1 2024 → Q2 2024
USHY iShares Broad Usd High Yield New 23.45% +23.45
SRCL Stericycle Inc. New 4.78% +4.78
HCP Hashicorp Inc. Class A New 4.28% +4.28
NXT Nextpower Inc. New 2.56% +2.56
HBM Hudbay Minerals Inc. New 2.17% +2.17
NEE Nextera Energy Inc. New 1.43% +1.43
AES AES Corp. New 0.60% +0.60
BKLN Invesco Senior Loan ETF Add +50.1% 14.88% −0.16

Options Activity Q1 2024 → Q2 2024
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 1,750,000 $135.0M
TLT iShares 20+ Year Treasury BD call Reduce -22.2% 466,700 $42.8M

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

Notes & Other Activity Q1 2024 → Q2 2024
SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) NOTE 9/1 · principal Sold out 31,000,000 $28.4Mbefore exit
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal Reduce -4.0% 18,950,000 $18.1M
SUNRUN INC (RUN 0 02/01/26) NOTE 2/0 · principal Sold out 11,250,000 $9.8Mbefore exit

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