Silver Rock Financial LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Silver Rock Financial LP reported 8 stock positions worth $47.9 million. Its top holding was Comcast Class A (CMCSA) at 47.2% of the portfolio, followed by Acadia Healthcare (ACHC, 19.6%) and Community Health Systems (CYH, 8.5%). Compared with Q4 2024, it opened 1 new position and added to 1. The biggest buy was a new position in Acadia Healthcare (ACHC).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001674784
Portfolio Value
$47.9M (Q1 2025)
SEC Filing
0001172661-25-002019 ↗ filed May 15, 2025

Holdings Value

0$10.0M$20.0M$30.0M$40.0M$50.0M Q1 2024: $10.1M Q1 2024 Q2 2024: $15.0M Q2 2024 Q3 2024: $42.5M Q3 2024 Q4 2024: $37.5M Q4 2024 Q1 2025: $47.9M $47.9M Q1 2025 Q2 2025: $41.3M Q2 2025 Q3 2025: $39.8M Q3 2025 Q4 2025: $34.5M Q4 2025 Q1 2026: $49.5M Q1 2026 Q2 2026: $26.3M Q2 2026

Holdings 8 stocks · $47.9M
CMCSA Comcast Corp. Class A 47.15% 611,500 $22.6M Add +33.7%
ACHC Acadia Healthcare Co. Inc. 19.64% 310,000 $9.4M New
CYH Community Health Systems Inc. 8.46% 1,500,000 $4.0M No change
CABO Cable One Inc. 8.33% 15,000 $4.0M No change
VIVID SEATS INC 7.04% 1,138,896 $3.4M No change
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 5.56% 1,000,000 $2.7M No change
BRC INC-A 3.76% 859,986 $1.8M No change
NRDY Nerdy Inc. 0.05% 17,668 $25K No change

Options reported separately and not counted above: HYG puts ($310.6M).

Other holdings (20): bonds, preferreds, convertibles and warrants · $23.5M (not counted above)
SecurityClassShares / PrincipalValueChange
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal 13,500,000$12.3MNo change
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 9,875,000$11.0MAdd +43.6%
ARQQW Arqit Quantum Inc. -CW26 *W EXP 09/03/202 42,139$85KNo change
RGTIW Rigetti Computing -CW27 *W EXP 03/02/202 16,036$44KNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 47,386$22KNo change
DAVEW Dave Inc. -CW27 *W EXP 01/05/202 40,979$8KNo change
PGYWW Pagaya Technologies Ltd. -27 *W EXP 99/99/999 46,390$6KNo change
BETRW Better Home & Finance-CW26 *W EXP 08/22/202 45,085$4KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 48,891$4KNo change
CCGWW Cheche Group Inc. - 28 *W EXP 10/01/203 94,060$3KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 81,975$3KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 48,872$3KNo change
CRPWF Carbon Revolution PLC *W EXP 99/99/999 66,902$3KNo change
ALURW Allurion Technologies-28 *W EXP 08/01/203 86,285$3KNo change
RDZNW Vahanna Tech Edge -CW24 *W EXP 11/30/202 39,183$2KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 79,596$2KNo change
VSTWF Vast Solar PTY Ltd. -28 *W EXP 07/01/202 39,205$1KNo change
SONWQ Gores Metropoulos II -CW28 *W EXP 01/18/202 160,000$1KNo change
VEEAW Plum Acquisition I A -CW28 *W EXP 09/13/202 14,348$1KNo change
CEROW Phoenix Biotech Acq -CW26 *W EXP 02/13/202 12,224$177No change

Total filed on the 13F, all lines: $71.4M.

Portfolio Sells Q4 2024 → Q1 2025
None this quarter.

Portfolio Buys Q4 2024 → Q1 2025
ACHC Acadia Healthcare Co. Inc. New 19.64% +19.64
CMCSA Comcast Corp. Class A Add +33.7% 47.15% +1.40

Options Activity Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 897,000 $525.7Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 3,937,000 $310.6M

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

Notes & Other Activity Q4 2024 → Q1 2025
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Add +43.6% 9,875,000 $11.0M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 7$26.3MCMCSA, OPTU, CYH, BRC INC-A, CABO
Q1 2026 8$49.5MECHOSTAR CORP (ECHO 3.875 11/30/30), CMCSA, OPTU, CYH, CABO
Q4 2025 8$34.5MCMCSA, ACHC, OPTU, CYH, CABO
Q3 2025 8$39.8MCMCSA, ACHC, CYH, OPTU, CABO
Q2 2025 8$41.3MCMCSA, ACHC, CYH, OPTU, CABO
Q1 2025 8$47.9MCMCSA, ACHC, CYH, CABO, VIVID SEATS INC
Q4 2024 7$37.5MCMCSA, CABO, VIVID SEATS INC, CYH, BRC INC-A
Q3 2024 8$42.5MCMCSA, CYH, CABO, VIVID SEATS INC, BRC INC-A
Q2 2024 6$15.0MCYH, BRC INC-A, OPTU, VIVID SEATS INC, LUMN
Q1 2024Amended 5$10.1MCYH, BRC INC-A, LUMN, PRST, NRDY