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DG Capital Management, LLC

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13F filer, CIK 1512716, NEW YORK, NY

DG Capital Management, LLC reported $288,044,012 across 20 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 99.03% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001512716-25-000022

Period
2025-09-30
Reported value
$288M
Holdings
20
Top 10 weight
99.03%
New
8
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GLNGnew+118,100$4.77M
MCYadded+42,131$3.57M
CAPRnew+470,333$3.39M
MAGNadded+285,869$3.35M
BURadded+209,608$2.51M

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
THCexited-134,644-$23.7M
COOexited-284,963-$20.3M
CYHexited-3,451,627-$11.7M
TLNexited-32,061-$9.32M
INSEexited-972,372-$7.94M

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, Q3 2025

Share positions as resolved from 13F-HR 0001512716-25-000022, largest first. % of portfolio is the value over $172,963,185, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 585,372 shares; 2025Q2: 608,585 shares; 2025Q3: 650,716 shares 650,716$55.2M31.9%+42,131Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,234,175 shares; 2024Q4: 1,286,472 shares; 2025Q1: 1,614,006 shares; 2025Q2: 1,967,713 shares; 2025Q3: 2,177,321 shares 2,177,321$26M15.06%+209,608Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 496,446 shares; 2024Q4: 25,556 shares; 2025Q1: 721,993 shares; 2025Q2: 711,993 shares; 2025Q3: 669,607 shares 669,607$18.1M10.46%-42,386Timeline
ATEXANTERIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 429,015 shares; 2025Q1: 644,413 shares; 2025Q2: 858,039 shares; 2025Q3: 744,544 shares 744,544$16M9.24%-113,495Timeline
MAGNMAGNERA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 348,954 shares; 2025Q1: 760,278 shares; 2025Q2: 878,849 shares; 2025Q3: 1,164,718 shares 1,164,718$13.7M7.89%+285,869Timeline
ACICAMERICAN COASTAL INS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 900,511 shares; 2025Q3: 982,183 shares 982,183$11.2M6.47%+81,672Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 118,100 shares 118,100$4.77M2.76%newTimeline
GELGENESIS ENERGY L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,917 shares; 2024Q4: 188,917 shares; 2025Q1: 210,417 shares; 2025Q2: 217,227 shares; 2025Q3: 218,280 shares 218,280$3.65M2.11%+1,053Timeline
CAPRCAPRICOR THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 470,333 shares 470,333$3.39M1.96%newTimeline
XPOFXPONENTIAL FITNESS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 184,546 shares 184,546$1.44M0.83%newTimeline
UTHRUNITED THERAPEUTICS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 558 shares 558$234K0.14%newTimeline
ECXWWECARX HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,113 shares; 2024Q4: 46,113 shares; 2025Q1: 46,113 shares; 2025Q2: 46,113 shares; 2025Q3: 46,113 shares 46,113$2.4K<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
TLTISHARES TR 20 YR TR BD ETFcall400,000$35.7M0
MCYMERCURY GENL CORP NEW COMcall328,700$27.9M-51,500
GEOGEO GROUP INC COMcall978,200$20Mnew
IWMISHARES TR SHSput70,000$16.9M+25,000
CXWCORECIVIC INC COMcall420,700$8.56Mnew
GELGENESIS ENERGY L P UNIT LTD PARTNcall339,700$5.68M+33,500
CYHCOMMUNITY HEALTH SYS INC NEW COMMON STOCKcall77,100$247Knew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1principal21,995,000$19.4Mnew

Sold out in Q3 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 T40,000$24.7Mput
THCTENET HEALTHCARE CORP134,644$23.7Mshares
COOCOOPER COS INC284,963$20.3Mshares
CYHCOMMUNITY HEALTH SYS INC NEW3,451,627$11.7Mshares
THCTENET HEALTHCARE CORP61,200$10.8Mput
TLNTALEN ENERGY CORP32,061$9.32Mshares
INSEINSPIRED ENTMT INC972,372$7.94Mshares
ATEXANTERIX INC117,700$3.02Mcall
MMACYS INC156,870$1.83Mshares
BURBURFORD CAPITAL LIMITED109,200$1.56Mput
LQDALIQUIDIA CORPORATION118,995$1.48Mshares
COOCOOPER COS INC18,600$1.32Mcall

How Q3 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 0001512716-25-000022 base2025-11-14acceptance time not in the bulk data set