DSC Meridian Capital LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), DSC Meridian Capital LP reported 10 stock positions worth $148.1 million. Its top holding was iShares Broad Usd High Yield (USHY) at 25.7% of the portfolio, followed by Vistra (VST, 17.6%) and Invesco Senior Loan ETF (BKLN, 16.0%). Compared with Q1 2025, it opened 5 new positions, sold out of 1, added to 2 and reduced 2. The biggest buy was a new position in Kellanova (K) and the biggest sale iShares Broad Usd High Yield (USHY, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001970572
- Portfolio Value
- $148.1M (Q2 2025)
- SEC Filing
- 0001970572-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 10 stocks · $148.1M
| USHY iShares Broad Usd High Yield | 25.66% | 1,013,199 | $38.0M | Reduce -15.0% |
| VST Vistra Corp. | 17.58% | 134,349 | $26.0M | Add +56.6% |
| BKLN Invesco Senior Loan ETF | 15.98% | 1,131,319 | $23.7M | Reduce -19.2% |
| K Kellanova | 14.26% | 265,500 | $21.1M | New |
| CORZ Core Scientific Inc. | 10.49% | 910,000 | $15.5M | Add +51.7% |
| TLN Talen Energy Corp. | 5.04% | 25,673 | $7.5M | No change |
| BLCO Bausch + Lomb Corp. | 4.48% | 510,090 | $6.6M | New |
| RKT Rocket Cos Inc. Class A | 3.83% | 400,000 | $5.7M | New |
| ECVT Ecovyst Inc. | 1.67% | 300,000 | $2.5M | New |
| COOP Mr Cooper Group Inc. | 1.01% | 10,000 | $1.5M | New |
Options reported separately and not counted above: DAR calls ($3.8M), RUN calls ($1.6M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $34.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 1,203,516 | $13.0M | No change |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 9,500,000 | $12.9M | No change |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 12,000,000 | $8.6M | No change |
Total filed on the 13F, all lines: $182.6M.
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
Options Activity Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Sold out | 1,406,300 | $110.9Mbefore exit |
| DAR Darling Ingredients Inc. | call | New | 100,000 | $3.8M |
| RUN Sunrun Inc. | call | New | 200,000 | $1.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 2024Amended | 5 | $80.6M | TLT, VCLT, BKLN, TECK, SLCA |