Diameter Capital Partners LP Hedge Fund

Location: New York, NY

CIK: 0001727012 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $1.094B (94.3% shares, 5.7% debt)

Holdings (40)

SATS ECHOSTAR CORP 37.4%

Value $410M Shares 3,767,928 Share Price $108.70 * Est. Cost/Share $33.22 Unrealized @ Report Date +145.2%

MBC MASTERBRAND INC 6.1%

Value $66.35M Shares 6,010,410 Share Price $11.04 * Est. Cost/Share $12.04 Unrealized @ Report Date -2.8%

HCA HCA HEALTHCARE INC 5.1%

Value $56.02M Shares 120,000 Share Price $466.86 Est. Cost/Share — Unrealized @ Report Date —

TDS TELEPHONE & DATA SYS INC 4.0%

Value $43.76M Shares 1,067,297 Share Price $41.00 * Est. Cost/Share $33.50 Unrealized @ Report Date +16.3%

— ALIBABA GROUP HLDG LTD 3.8%

Value $41.31M Shares 40,000,000 Share Price $1.03 Est. Cost/Share $1.03 Unrealized @ Report Date —

SILA SILA REALTY TRUST INC 3.7%

Value $40.79M Shares 1,750,000 Share Price $23.31 Est. Cost/Share $24.82 Unrealized @ Report Date —

CZR CAESARS ENTERTAINMENT INC NE 3.2%

Value $35.09M Shares 1,500,000 Share Price $23.39 * Est. Cost/Share $22.48 Unrealized @ Report Date 0.0%

FSK FS KKR CAP CORP 3.1%

Value $33.65M Shares 2,272,393 Share Price $14.81 Est. Cost/Share $14.70 Unrealized @ Report Date 0.0%

AES AES CORP 2.6%

Value $27.96M Shares 1,950,000 Share Price $14.34 * Est. Cost/Share $12.85 Unrealized @ Report Date +9.2%

GOOGL ALPHABET INC 2.1%

Value $23.48M Shares 75,000 Share Price $313.00 Est. Cost/Share — Unrealized @ Report Date —

AAL AMERICAN AIRLS GROUP INC 2.1%

Value $23M Shares 1,500,000 Share Price $15.33 Est. Cost/Share — Unrealized @ Report Date —

AMBP ARDAGH METAL PACKAGING S A 2.0%

Value $22.04M Shares 5,376,366 Share Price $4.10 * Est. Cost/Share $3.92 Unrealized @ Report Date -3.3%

JHX JAMES HARDIE INDS PLC 1.9%

Value $20.75M Shares 1,000,000 Share Price $20.75 * Est. Cost/Share $21.61 Unrealized @ Report Date -7.2%

BCSS/U BAIN CAP GSS INVT CORP 1.9%

Value $20.44M Shares 2,000,000 Share Price $10.22 Est. Cost/Share $10.09 Unrealized @ Report Date —

CZR CAESARS ENTERTAINMENT INC NE 1.8%

Value $19.88M Shares 850,000 Share Price $23.39 * Est. Cost/Share $22.48 Unrealized @ Report Date 0.0%

ETR ENTERGY CORP NEW 1.8%

Value $19.23M Shares 208,000 Share Price $92.43 * Est. Cost/Share $88.11 Unrealized @ Report Date +7.3%

DBRG DIGITALBRIDGE GROUP INC 1.8%

Value $19.18M Shares 1,250,000 Share Price $15.34 * Est. Cost/Share $12.01 Unrealized @ Report Date 0.0%

EVRG EVERGY INC 1.7%

Value $18.85M Shares 260,000 Share Price $72.49 * Est. Cost/Share $71.05 Unrealized @ Report Date +6.2%

MAGN MAGNERA CORP 1.7%

Value $18.26M Shares 1,205,793 Share Price $15.14 * Est. Cost/Share $12.42 Unrealized @ Report Date -6.7%

NCDL NUVEEN CHURCHILL DIRECT LEND 1.5%

Value $16.29M Shares 1,220,800 Share Price $13.34 * Est. Cost/Share $13.75 Unrealized @ Report Date 0.0%

— FIVE9 INC 1.4%

Value $15.83M Shares 17,550,000 Share Price $0.90 Est. Cost/Share $0.90 Unrealized @ Report Date —

Value $13.08M Shares 73,000 Share Price $179.15 * Est. Cost/Share $175.04 Unrealized @ Report Date -2.3%

MFIC MIDCAP FINANCIAL INVSTMNT CO 1.1%

Value $11.59M Shares 1,013,005 Share Price $11.44 Est. Cost/Share $11.59 Unrealized @ Report Date 0.0%

PFLT PENNANTPARK FLOATING RATE CA 1.0%

Value $10.98M Shares 1,184,476 Share Price $9.27 * Est. Cost/Share $8.73 Unrealized @ Report Date 0.0%

UNIT UNITI GROUP LLC 1.0%

Value $10.52M Shares 1,500,000 Share Price $7.01 * Est. Cost/Share $6.34 Unrealized @ Report Date 0.0%

MDLN MEDLINE INC 1.0%

Value $10.5M Shares 250,000 Share Price $42.00 Est. Cost/Share $42.23 Unrealized @ Report Date 0.0%

BBDC BARINGS BDC INC 0.8%

Value $8.871M Shares 966,370 Share Price $9.18 * Est. Cost/Share $8.68 Unrealized @ Report Date 0.0%

SLRC SLR INVESTMENT CORP 0.6%

Value $6.113M Shares 395,389 Share Price $15.46 * Est. Cost/Share $14.93 Unrealized @ Report Date 0.0%

WOLF WOLFSPEED INC 0.6%

Value $6.049M Shares 347,427 Share Price $17.41 * Est. Cost/Share $22.94 Unrealized @ Report Date 0.0%

OPTU OPTIMUM COMMUNICATIONS INC 0.5%

Value $5.262M Shares 3,188,947 Share Price $1.65 * Est. Cost/Share $2.13 Unrealized @ Report Date -4.6%

— RAPID7 INC 0.4%

Value $4.56M Shares 5,000,000 Share Price $0.91 Est. Cost/Share $0.91 Unrealized @ Report Date —

ULS UL SOLUTIONS INC 0.4%

Value $3.943M Shares 50,000 Share Price $78.86 Est. Cost/Share $80.28 Unrealized @ Report Date 0.0%

MERC MERCER INTL INC 0.2%

Value $2.179M Shares 1,100,397 Share Price $1.98 * Est. Cost/Share $2.11 Unrealized @ Report Date 0.0%

LLY ELI LILLY & CO 0.1%

Value $1.451M Shares 1,350 Share Price $1074.68 * Est. Cost/Share $955.55 Unrealized @ Report Date 0.0%

MRK MERCK & CO INC 0.1%

Value $1.447M Shares 13,750 Share Price $105.26 * Est. Cost/Share $93.24 Unrealized @ Report Date 0.0%

NVS NOVARTIS AG 0.1%

Value $1.434M Shares 10,400 Share Price $137.87 Est. Cost/Share $137.87 Unrealized @ Report Date —

AZN ASTRAZENECA PLC 0.1%

Value $1.379M Shares 15,000 Share Price $91.93 Est. Cost/Share $91.93 Unrealized @ Report Date —

SNY SANOFI SA 0.1%

Value $1.357M Shares 28,000 Share Price $48.46 Est. Cost/Share $48.46 Unrealized @ Report Date —

PFE PFIZER INC 0.1%

Value $1.32M Shares 53,000 Share Price $24.90 Est. Cost/Share $25.03 Unrealized @ Report Date 0.0%

— LIBERTY MEDIA CORP DEL 0.0%

Value $480K Shares 7,794,874 Share Price $0.06 Est. Cost/Share $0.72 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SATS	ECHOSTAR CORP	3,767,928	$410M	37.4%	$108.70 *	$33.22	+145.2%	CL A	278768106
MBC	MASTERBRAND INC	6,010,410	$66.35M	6.1%	$11.04 *	$12.04	-2.8%	COMMON STOCK	57638P104
HCA	HCA HEALTHCARE INC	120,000	$56.02M	5.1%	$466.86	—	—	Put	40412C101
TDS	TELEPHONE & DATA SYS INC	1,067,297	$43.76M	4.0%	$41.00 *	$33.50	+16.3%	COM NEW	879433829
—	ALIBABA GROUP HLDG LTD	40,000,000	$41.31M	3.8%	$1.03	$1.03	—	NOTE 0.500% 6/0	01609WBG6
SILA	SILA REALTY TRUST INC	1,750,000	$40.79M	3.7%	$23.31	$24.82	—	COMMON STOCK	146280508
CZR	CAESARS ENTERTAINMENT INC NE	1,500,000	$35.09M	3.2%	$23.39 *	$22.48	0.0%	Call	12769G100
FSK	FS KKR CAP CORP	2,272,393	$33.65M	3.1%	$14.81	$14.70	0.0%	COM	302635206
AES	AES CORP	1,950,000	$27.96M	2.6%	$14.34 *	$12.85	+9.2%	COM	00130H105
GOOGL	ALPHABET INC	75,000	$23.48M	2.1%	$313.00	—	—	Call	02079K305
AAL	AMERICAN AIRLS GROUP INC	1,500,000	$23M	2.1%	$15.33	—	—	Put	02376R102
AMBP	ARDAGH METAL PACKAGING S A	5,376,366	$22.04M	2.0%	$4.10 *	$3.92	-3.3%	SHS	L02235106
JHX	JAMES HARDIE INDS PLC	1,000,000	$20.75M	1.9%	$20.75 *	$21.61	-7.2%	ORD SHS	G4253H101
BCSS/U	BAIN CAP GSS INVT CORP	2,000,000	$20.44M	1.9%	$10.22	$10.09	—	UNIT 99/99/9999	G0R78B122
CZR	CAESARS ENTERTAINMENT INC NE	850,000	$19.88M	1.8%	$23.39 *	$22.48	0.0%	COM	12769G100
ETR	ENTERGY CORP NEW	208,000	$19.23M	1.8%	$92.43 *	$88.11	+7.3%	COM	29364G103
DBRG	DIGITALBRIDGE GROUP INC	1,250,000	$19.18M	1.8%	$15.34 *	$12.01	0.0%	CL A NEW	25401T603
EVRG	EVERGY INC	260,000	$18.85M	1.7%	$72.49 *	$71.05	+6.2%	COM	30034W106
MAGN	MAGNERA CORP	1,205,793	$18.26M	1.7%	$15.14 *	$12.42	-6.7%	COM SHS	55939A107
NCDL	NUVEEN CHURCHILL DIRECT LEND	1,220,800	$16.29M	1.5%	$13.34 *	$13.75	0.0%	COM SHS	67090S108
—	FIVE9 INC	17,550,000	$15.83M	1.4%	$0.90	$0.90	—	NOTE 1.000% 3/1	338307AF8
RH	RH	73,000	$13.08M	1.2%	$179.15 *	$175.04	-2.3%	COM	74967X103
MFIC	MIDCAP FINANCIAL INVSTMNT CO	1,013,005	$11.59M	1.1%	$11.44	$11.59	0.0%	COM NEW	03761U502
PFLT	PENNANTPARK FLOATING RATE CA	1,184,476	$10.98M	1.0%	$9.27 *	$8.73	0.0%	COM	70806A106
UNIT	UNITI GROUP LLC	1,500,000	$10.52M	1.0%	$7.01 *	$6.34	0.0%	COM SHS	912932100
MDLN	MEDLINE INC	250,000	$10.5M	1.0%	$42.00	$42.23	0.0%	COM CL A	58507V107
BBDC	BARINGS BDC INC	966,370	$8.871M	0.8%	$9.18 *	$8.68	0.0%	COM	06759L103
SLRC	SLR INVESTMENT CORP	395,389	$6.113M	0.6%	$15.46 *	$14.93	0.0%	COM	83413U100
WOLF	WOLFSPEED INC	347,427	$6.049M	0.6%	$17.41 *	$22.94	0.0%	COMMON STOCK	97785W106
OPTU	OPTIMUM COMMUNICATIONS INC	3,188,947	$5.262M	0.5%	$1.65 *	$2.13	-4.6%	CL A	02156K103
—	RAPID7 INC	5,000,000	$4.56M	0.4%	$0.91	$0.91	—	NOTE 1.250% 3/1	753422AH7
ULS	UL SOLUTIONS INC	50,000	$3.943M	0.4%	$78.86	$80.28	0.0%	CLASS A COM SHS	903731107
MERC	MERCER INTL INC	1,100,397	$2.179M	0.2%	$1.98 *	$2.11	0.0%	COM	588056101
LLY	ELI LILLY & CO	1,350	$1.451M	0.1%	$1074.68 *	$955.55	0.0%	COM	532457108
MRK	MERCK & CO INC	13,750	$1.447M	0.1%	$105.26 *	$93.24	0.0%	COM	58933Y105
NVS	NOVARTIS AG	10,400	$1.434M	0.1%	$137.87	$137.87	—	SPONSORED ADR	66987V109
AZN	ASTRAZENECA PLC	15,000	$1.379M	0.1%	$91.93	$91.93	—	SPONSORED ADR	046353108
SNY	SANOFI SA	28,000	$1.357M	0.1%	$48.46	$48.46	—	SPONSORED ADR	80105N105
PFE	PFIZER INC	53,000	$1.32M	0.1%	$24.90	$25.03	0.0%	COM	717081103
—	LIBERTY MEDIA CORP DEL	7,794,874	$480K	0.0%	$0.06	$0.72	—	DEB 3.750% 2/1	530715AL5