In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), DSC Meridian Capital LP reported 13 stock positions worth $111.1 million . Its top holding was iShares Broad Usd High Yield (USHY) at 26.8% of the portfolio, followed by Vanguard Long-Term Corp. Bond (VCLT, 21.5% ) and iShares 20+ Year Treasury BD (TLT, 15.1% ). Compared with Q2 2024, it opened 6 new positions, sold out of 4, added to 3 and reduced 3. The biggest buy was a new position in Vistra (VST) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −42% ).
Location NEW YORK, NY
CIK 0001970572
Portfolio Value $111.1M (Q3 2024) Holdings 13 stocks · $111.1M 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 Q2 2024 USHY iShares Broad Usd High Yield 790,228 $29.8M Add +0.5% VCLT Vanguard Long-Term Corp. Bond 293,500 $23.8M No change TLT iShares 20+ Year Treasury BD 170,758 $16.8M Reduce -41.6% BKLN Invesco Senior Loan ETF 517,773 $10.9M Reduce -39.8% VST Vistra Corp. 85,809 $10.2M New HCP Hashicorp Inc. Class A 245,658 $8.3M Add +59.1% TECK Teck Resources Ltd.-CLS B 104,446 $5.5M Reduce -25.1% HBM Hudbay Minerals Inc. 401,500 $3.7M Add +37.7% CEG Constellation Energy 1,760 $458K New NRG NRG Energy Inc. 5,006 $456K New GEV GE Vernova Inc. 1,748 $446K New GLW Corning Inc. 9,656 $436K New TLN Talen Energy Corp. 2,364 $421K New
Options reported separately and not counted above: TLT calls ($45.8M), AZUL S A puts ($10.3M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $25.6M (not counted above) Total filed on the 13F, all lines: $136.6M.
Portfolio Sells Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ TLT iShares 20+ Year Treasury BD Reduce -41.6% 15.08% −6.99 BKLN Invesco Senior Loan ETF Reduce -39.8% 9.79% −5.08 SRCL Stericycle Inc. Sold out 0.00% −4.78 NXT Nextpower Inc. Sold out 0.00% −2.56 NEE Nextera Energy Inc. Sold out 0.00% −1.43 AES AES Corp. Sold out 0.00% −0.60 TECK Teck Resources Ltd.-CLS B Reduce -25.1% 4.91% −0.58
Portfolio Buys Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ VST Vistra Corp. New 9.16% +9.16 USHY iShares Broad Usd High Yield Add +0.5% 26.79% +3.33 HCP Hashicorp Inc. Class A Add +59.1% 7.49% +3.21 HBM Hudbay Minerals Inc. Add +37.7% 3.32% +1.15 CEG Constellation Energy New 0.41% +0.41 NRG NRG Energy Inc. New 0.41% +0.41 GEV GE Vernova Inc. New 0.40% +0.40 GLW Corning Inc. New 0.39% +0.39 TLN Talen Energy Corp. New 0.38% +0.38
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 1,750,000 $135.0Mbefore exit AZUL S A put New 3,000,000 $10.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 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 11 $303.9M AERO, AZUL, CORZ, USHY, BKLN Q1 2026 9 $188.9M USHY, AERO, CORZ, HYG, VST Q4 2025 9 $203.9M AERO, CORZ, USHY, BKLN, VST Q3 2025 9 $200.0M BKLN, CORZ, VST, COOP, TECK Q2 2025 10 $148.1M USHY, VST, BKLN, K, CORZ Q1 2025 6 $101.1M USHY, BKLN, VST, HYG, TLN Q4 2024 11 $124.8M BKLN, VCLT, USHY, VST, HCP Q3 2024 13 $111.1M USHY, VCLT, TLT, BKLN, VST Q2 2024 11 $121.7M USHY, TLT, VCLT, BKLN, TECK Q1 2024 Amended 5 $80.6M TLT, VCLT, BKLN, TECK, SLCA