DG Capital Management, LLC
Long book
$197.5M
Q1 2026
Positions
17
Top-10 weight
92%
concentration
Last quarter
+17.9%
SPY +14.8%
Turnover
29%
of book per quarter
Strategy in plain words
auto-generated from filingsDG Capital Management, LLC is a concentrated fundamental stock-picker, running a $197.5M US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MERCURY GENERAL CORP, TALEN ENERGY CORP, GODADDY INC - CLASS A, GOLAR LNG LTD, CAESARS ENTERTAINMENT INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.4%
Q2 2024
+13.9%
Q3 2024
-8.8%
Q4 2024
+2.4%
Q1 2025
+11.7%
Q2 2025
+5.5%
Q3 2025
+8.1%
Q4 2025
-3.5%
Q1 2026
+17.9%
Sector allocation
Financials 36%
Utilities 19%
Other 10%
Technology 9%
Industrials 8%
Services media 7%
Healthcare 7%
Communications 3%
Long book by quarter
What does DG Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MCY MERCURY GENERAL CORP | Financials | 594.4K | $52.4M | 26.5% | -4.1% |
| TLN TALEN ENERGY CORP | Utilities | 112.1K | $35.8M | 18.1% | +4364.3% |
| GDDY GODADDY INC - CLASS A | Technology | 206.9K | $17.1M | 8.7% | New |
| GLNG GOLAR LNG LTD | Industrials | 248.1K | $13.4M | 6.8% | +4426.5% |
| CZR CAESARS ENTERTAINMENT INC | Services media | 453.1K | $12.0M | 6.1% | +1375.1% |
| CAPR CAPRICOR THERAPEUTICS INC | Healthcare | 392.1K | $11.9M | 6.0% | -5.3% |
| MAGN MAGNERA CORP | Other | 1.2M | $11.5M | 5.8% | +3183.1% |
| OWL BLUE OWL CAPITAL INC | Financials | 1.0M | $9.3M | 4.7% | New |
| MSDL MORGAN STANLEY DIRECT LENDIN | — | 575.5K | $8.0M | 4.1% | New |
| ATEX ANTERIX INC | Communications | 168.2K | $6.4M | 3.3% | +691.8% |
| ACIC AMERICAN COASTAL INSURANCE C | Financials | 465.3K | $5.2M | 2.7% | -56.6% |
| GEL GENESIS ENERGY L.P. | Energy | 95.1K | $1.7M | 0.9% | -45.0% |
| TISI TEAM INC | Services media | 53.6K | $854K | 0.4% | -17.1% |
| DNOW DNOW INC | Industrials | 57.5K | $685K | 0.3% | New |
| BUR BURFORD CAPITAL LTD | Financials | 93.7K | $423K | 0.2% | +0.9% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 558 | $331K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 25 | $326.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 21 | $227.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 20 | $288.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 24 | $329.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 22 | $283.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 24 | $297.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 16 | $220.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 22 | $259.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 23 | $163.3M | canonical | SEC ↗ |
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