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DG Capital Management, LLC

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13F filer, CIK 1512716, NEW YORK, NY

DG Capital Management, LLC reported $283,244,757 across 22 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 96.85% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001512716-25-000004

Period
2025-03-31
Reported value
$283M
Holdings
22
Top 10 weight
96.85%
New
5
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MCYnew+585,372$32.7M
CZRadded+696,437$17.4M
ATEXadded+215,398$7.88M
MAGNadded+411,324$7.47M
GTnew+533,593$4.93M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GEOexited-520,644-$14.6M
THCreduced-68,883-$9.26M
FENCreduced-1,030,479-$6.28M
TLNreduced-26,119-$5.22M
INSEreduced-607,075-$5.18M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001512716-25-000004, largest first. % of portfolio is the value over $183,587,681, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MCYMERCURY GENL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 585,372 shares 585,372$32.7M17.82%newTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 269,030 shares; 2024Q4: 158,175 shares; 2025Q1: 132,056 shares 132,056$26.4M14.36%-26,119Timeline
ATEXANTERIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 429,015 shares; 2025Q1: 644,413 shares 644,413$23.6M12.85%+215,398Timeline
THCTENET HEALTHCARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 303,207 shares; 2024Q4: 234,494 shares; 2025Q1: 165,611 shares 165,611$22.3M12.13%-68,883Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,234,175 shares; 2024Q4: 1,286,472 shares; 2025Q1: 1,614,006 shares 1,614,006$21.3M11.61%+327,534Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 496,446 shares; 2024Q4: 25,556 shares; 2025Q1: 721,993 shares 721,993$18M9.83%+696,437Timeline
MAGNMAGNERA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 348,954 shares; 2025Q1: 760,278 shares 760,278$13.8M7.52%+411,324Timeline
CYHCOMMUNITY HEALTH SYS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,262,098 shares; 2024Q4: 3,502,511 shares; 2025Q1: 3,372,934 shares 3,372,934$9.11M4.96%-129,577Timeline
INSEINSPIRED ENTMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,298,076 shares; 2024Q4: 1,266,958 shares; 2025Q1: 659,883 shares 659,883$5.64M3.07%-607,075Timeline
GTGOODYEAR TIRE & RUBR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 533,593 shares 533,593$4.93M2.69%newTimeline
GELGENESIS ENERGY L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,917 shares; 2024Q4: 188,917 shares; 2025Q1: 210,417 shares 210,417$3.3M1.8%+21,500Timeline
MMACYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 200,000 shares; 2025Q1: 156,870 shares 156,870$1.97M1.07%-43,130Timeline
FENCFENNEC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,522,204 shares; 2024Q4: 1,114,692 shares; 2025Q1: 84,213 shares 84,213$513K0.28%-1,030,479Timeline
ECXWWECARX HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,113 shares; 2024Q4: 46,113 shares; 2025Q1: 46,113 shares 46,113$2.77K<0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TLNTALEN ENERGY CORP Stockcall156,500$31.2M+56,500
TLTISHARES TR 20 YR TR BD ETFcall250,000$22.8Mnew
MCYMERCURY GENL CORP NEW COMcall343,100$19.2Mnew
MMACYS INC Stockcall633,400$7.96M-91,300
THCTENET HEALTHCARE CORP Stockcall51,200$6.89M0
GELGENESIS ENERGY L P UNIT LTD PARTNcall329,900$5.18M+13,700
ATEXANTERIX INC COMMON STOCKcall137,500$5.03Mnew
BURBURFORD CAPITAL LIMITED ORD SHScall107,600$1.42M+40,600

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T100,000$58.6Mput
ARKKARK ETF TR400,000$22.7Mput
GEOGEO GROUP INC520,644$14.6Mshares
GEOGEO GROUP INC408,500$11.4Mcall
GEOGEO GROUP INC300,000$8.39Mput
THCTENET HEALTHCARE CORP52,500$6.63Mput
ILEARNINGENGINES INCILEARNINGENGINES INC11,722$152shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001512716-25-000004 base2025-05-14acceptance time not in the bulk data set