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Disclosery

DSC Meridian Capital LP

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13F filer, CIK 1970572, NEW YORK, NY

DSC Meridian Capital LP reported $380,100,155 across 15 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 95.18% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001970572-26-000002

Period
2025-12-31
Reported value
$380M
Holdings
15
Top 10 weight
95.18%
New
5
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AEROnew+2,546,724$55.9M
USHYadded+385,964$14.4M
RKTnew+659,400$12.8M
EXASnew+82,287$8.36M

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
MR COOPER GROUP INCexited-108,853-$22.9M
BKLNreduced-807,500-$17M
TLNexited-25,673-$10.9M
TECKreduced-223,300-$10.7M
ELMEexited-543,081-$9.16M

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, Q4 2025

Share positions as resolved from 13F-HR 0001970572-26-000002, largest first. % of portfolio is the value over $241,772,155, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AEROGRUPO AEROMEXICO SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,546,724 shares 2,546,724$55.9M23.13%newTimeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 600,000 shares; 2025Q2: 910,000 shares; 2025Q3: 2,280,252 shares; 2025Q4: 2,280,252 shares 2,280,252$33.2M13.73%0Timeline
USHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 790,228 shares; 2024Q4: 576,428 shares; 2025Q1: 1,192,052 shares; 2025Q2: 1,013,199 shares; 2025Q3: 465,711 shares; 2025Q4: 851,675 shares 851,675$31.8M13.17%+385,964Timeline
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 517,773 shares; 2024Q4: 2,155,992 shares; 2025Q1: 1,399,517 shares; 2025Q2: 1,131,319 shares; 2025Q3: 2,094,279 shares; 2025Q4: 1,286,779 shares 1,286,779$27M11.18%-807,500Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,809 shares; 2024Q4: 85,809 shares; 2025Q1: 85,809 shares; 2025Q2: 134,349 shares; 2025Q3: 134,349 shares; 2025Q4: 99,349 shares 99,349$16M6.63%-35,000Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,446 shares; 2024Q4: 167,746 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 520,740 shares; 2025Q4: 297,440 shares 297,440$14.2M5.89%-223,300Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400,000 shares; 2025Q3: not reported; 2025Q4: 659,400 shares 659,400$12.8M5.28%newTimeline
EXASEXACT SCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 82,287 shares 82,287$8.36M3.46%newTimeline
GTNGRAY MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 939,714 shares; 2025Q4: 939,714 shares 939,714$4.55M1.88%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
SPYSTATE STR SPDR S&P 500 ETF T SHSput200,000$136M-197,000
BTUPEABODY ENGR CORP COMcall40,000$1.19Mnew
DARDARLING INGREDIENTS INC Stockcall21,000$756K-79,000

Principal amounts

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

SecurityTypeAmountValueChange
SUNRUN INCSUNRUN INC NOTE 4.000% 3/0principal16,000,000$22.7M0
MARA HOLDINGS INCMARA HOLDINGS INC NOTE 6/0principal9,550,000$7.99Mnew
NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1principal8,727,000$7.11M+4,000,000

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
MR COOPER GROUP INCMR COOPER GROUP INC108,853$22.9Mshares
TLNTALEN ENERGY CORP25,673$10.9Mshares
ELMEELME COMMUNITIES543,081$9.16Mshares

How Q4 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 0001970572-26-000002 base2026-02-17acceptance time not in the bulk data set