Diameter Capital Partners LP Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HCA	HCA HEALTHCARE INC	120,000	$56,023	5.1%	—	—	PUT	40412C101
—	ALIBABA GROUP HLDG LTD	40,000,000	$41,308	3.8%	$1.03	—	NOTE 0.500% 6/0	01609WBG6
CZR	CAESARS ENTERTAINMENT INC NE	1,500,000	$35,085	3.2%	$22.48	0.0%	CALL	12769G100
FSK	FS KKR CAP CORP	2,272,393	$33,654	3.1%	$14.70	0.0%	COM	302635206
GOOGL	ALPHABET INC	75,000	$23,475	2.1%	—	—	CALL	02079K305
AAL	AMERICAN AIRLS GROUP INC	1,500,000	$22,995	2.1%	—	—	PUT	02376R102
CZR	CAESARS ENTERTAINMENT INC NE	850,000	$19,882	1.8%	$22.48	0.0%	COM	12769G100
DBRG	DIGITALBRIDGE GROUP INC	1,250,000	$19,175	1.8%	$12.01	0.0%	CL A NEW	25401T603
NCDL	NUVEEN CHURCHILL DIRECT LEND	1,220,800	$16,285	1.5%	$13.75	0.0%	COM SHS	67090S108
—	FIVE9 INC	17,550,000	$15,834	1.4%	$0.90	—	NOTE 1.000% 3/1	338307AF8
MFIC	MIDCAP FINANCIAL INVSTMNT CO	1,013,005	$11,589	1.1%	$11.59	0.0%	COM NEW	03761U502
PFLT	PENNANTPARK FLOATING RATE CA	1,184,476	$10,980	1.0%	$8.73	0.0%	COM	70806A106
UNIT	UNITI GROUP LLC	1,500,000	$10,515	1.0%	$6.34	0.0%	COM SHS	912932100
MDLN	MEDLINE INC	250,000	$10,500	1.0%	$42.23	0.0%	COM CL A	58507V107
BBDC	BARINGS BDC INC	966,370	$8,871	0.8%	$8.68	0.0%	COM	06759L103
SLRC	SLR INVESTMENT CORP	395,389	$6,113	0.6%	$14.93	0.0%	COM	83413U100
WOLF	WOLFSPEED INC	347,427	$6,049	0.6%	$22.94	0.0%	COMMON STOCK	97785W106
—	RAPID7 INC	5,000,000	$4,560	0.4%	$0.91	—	NOTE 1.250% 3/1	753422AH7
ULS	UL SOLUTIONS INC	50,000	$3,943	0.4%	$80.28	0.0%	CLASS A COM SHS	903731107
MERC	MERCER INTL INC	1,100,397	$2,179	0.2%	$2.11	0.0%	COM	588056101
LLY	ELI LILLY & CO	1,350	$1,451	0.1%	$955.55	0.0%	COM	532457108
MRK	MERCK & CO INC	13,750	$1,447	0.1%	$93.24	0.0%	COM	58933Y105
NVS	NOVARTIS AG	10,400	$1,434	0.1%	$137.87	—	SPONSORED ADR	66987V109
AZN	ASTRAZENECA PLC	15,000	$1,379	0.1%	$91.93	—	SPONSORED ADR	046353108
SNY	SANOFI SA	28,000	$1,357	0.1%	$48.46	—	SPONSORED ADR	80105N105
PFE	PFIZER INC	53,000	$1,320	0.1%	$25.03	0.0%	COM	717081103

Increased Positions (10)

JHX JAMES HARDIE INDS PLC 1.9%

Value ($000) $20,750 (+170.0%) Shares 1,000,000 (+150.0%) Est. Cost $21.61 Unrealized -7.2%

MAGN MAGNERA CORP 1.7%

Value ($000) $18,256 (+238.4%) Shares 1,205,793 (+162.0%) Est. Cost $12.42 Unrealized -6.7%

RH RH 1.2%

Value ($000) $13,078 (+221.9%) Shares 73,000 (+265.0%) Est. Cost $175.04 Unrealized -2.3%

SILA SILA REALTY TRUST INC 3.7%

Value ($000) $40,793 (+15.9%) Shares 1,750,000 (+24.8%) Est. Cost $24.82 Unrealized —

AES AES CORP 2.6%

Value ($000) $27,963 (+16.4%) Shares 1,950,000 (+6.8%) Est. Cost $12.85 Unrealized +9.2%

TDS TELEPHONE & DATA SYS INC 4.0%

Value ($000) $43,759 (+8.8%) Shares 1,067,297 (+4.1%) Est. Cost $33.50 Unrealized +16.3%

ETR ENTERGY CORP NEW 1.8%

Value ($000) $19,225 (+14.6%) Shares 208,000 (+15.6%) Est. Cost $88.11 Unrealized +7.3%

EVRG EVERGY INC 1.7%

Value ($000) $18,847 (+12.7%) Shares 260,000 (+18.2%) Est. Cost $71.05 Unrealized +6.2%

AMBP ARDAGH METAL PACKAGING S A 2.0%

Value ($000) $22,043 (+8.5%) Shares 5,376,366 (+5.6%) Est. Cost $3.92 Unrealized -3.3%

MBC MASTERBRAND INC 6.1%

Value ($000) $66,355 (-0.4%) Shares 6,010,410 (+18.8%) Est. Cost $12.04 Unrealized -2.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JHX	JAMES HARDIE INDS PLC	1,000,000 (+150.0%)	$20,750 (+170.0%)	1.9%	$21.61	-7.2%	ORD SHS	G4253H101
MAGN	MAGNERA CORP	1,205,793 (+162.0%)	$18,256 (+238.4%)	1.7%	$12.42	-6.7%	COM SHS	55939A107
RH	RH	73,000 (+265.0%)	$13,078 (+221.9%)	1.2%	$175.04	-2.3%	COM	74967X103
SILA	SILA REALTY TRUST INC	1,750,000 (+24.8%)	$40,793 (+15.9%)	3.7%	$24.82	—	COMMON STOCK	146280508
AES	AES CORP	1,950,000 (+6.8%)	$27,963 (+16.4%)	2.6%	$12.85	+9.2%	COM	00130H105
TDS	TELEPHONE & DATA SYS INC	1,067,297 (+4.1%)	$43,759 (+8.8%)	4.0%	$33.50	+16.3%	COM NEW	879433829
ETR	ENTERGY CORP NEW	208,000 (+15.6%)	$19,225 (+14.6%)	1.8%	$88.11	+7.3%	COM	29364G103
EVRG	EVERGY INC	260,000 (+18.2%)	$18,847 (+12.7%)	1.7%	$71.05	+6.2%	COM	30034W106
AMBP	ARDAGH METAL PACKAGING S A	5,376,366 (+5.6%)	$22,043 (+8.5%)	2.0%	$3.92	-3.3%	SHS	L02235106
MBC	MASTERBRAND INC	6,010,410 (+18.8%)	$66,355 (-0.4%)	6.1%	$12.04	-2.8%	COMMON STOCK	57638P104

Exited Positions (27)

SPY SPDR S&P 500 ETF TR 39.1%

Value ($000) $427,688 Shares 642,000 Est. Cost — Unrealized —

IWM ISHARES TR 6.3%

Value ($000) $68,959 Shares 285,000 Est. Cost — Unrealized —

WBD WARNER BROS DISCOVERY INC 4.0%

Value ($000) $43,943 Shares 2,250,000 Est. Cost $8.78 Unrealized +166.3%

NVRI ENVIRI CORP 2.8%

Value ($000) $31,165 Shares 2,455,854 Est. Cost $8.10 Unrealized +83.9%

CLF CLEVELAND-CLIFFS INC NEW 2.8%

Value ($000) $30,500 Shares 2,500,000 Est. Cost — Unrealized —

SLM SLM CORP 2.5%

Value ($000) $27,680 Shares 1,000,000 Est. Cost — Unrealized —

RDDT REDDIT INC 2.1%

Value ($000) $22,999 Shares 100,000 Est. Cost — Unrealized —

DG DOLLAR GEN CORP NEW 2.0%

Value ($000) $21,890 Shares 211,800 Est. Cost — Unrealized —

OXY OCCIDENTAL PETE CORP 1.9%

Value ($000) $21,263 Shares 450,000 Est. Cost $44.74 Unrealized -7.1%

LUMN LUMEN TECHNOLOGIES INC 1.8%

Value ($000) $20,196 Shares 3,300,000 Est. Cost $4.80 Unrealized +71.5%

SAP SAP SE 1.8%

Value ($000) $20,041 Shares 75,000 Est. Cost — Unrealized —

AL AIR LEASE CORP 1.7%

Value ($000) $19,095 Shares 300,000 Est. Cost $59.40 Unrealized +7.2%

BLCO BAUSCH PLUS LOMB CORP 1.7%

Value ($000) $18,324 Shares 1,215,893 Est. Cost $14.58 Unrealized +8.7%

BKNG BOOKING HOLDINGS INC 1.6%

Value ($000) $17,818 Shares 3,300 Est. Cost — Unrealized —

MOS MOSAIC CO NEW 1.6%

Value ($000) $17,340 Shares 500,000 Est. Cost — Unrealized —

DLTR DOLLAR TREE INC 1.3%

Value ($000) $14,656 Shares 155,300 Est. Cost — Unrealized —

— HUDSON PAC PPTYS INC 1.3%

Value ($000) $14,188 Shares 5,140,426 Est. Cost $2.76 Unrealized —

— ETHZILLA CORPORATION 0.9%

Value ($000) $9,407 Shares 3,903,288 Est. Cost $2.41 Unrealized —

CIEN CIENA CORP 0.8%

Value ($000) $9,032 Shares 62,000 Est. Cost $101.84 Unrealized +90.5%

FWONK LIBERTY MEDIA CORP DEL 0.8%

Value ($000) $8,356 Shares 80,000 Est. Cost $104.45 Unrealized —

LITE LUMENTUM HLDGS INC 0.7%

Value ($000) $7,810 Shares 48,000 Est. Cost $124.70 Unrealized +106.0%

METC RAMACO RES INC 0.4%

Value ($000) $4,149 Shares 125,000 Est. Cost $23.24 Unrealized +13.0%

NBR NABORS INDUSTRIES LTD 0.4%

Value ($000) $4,087 Shares 100,000 Est. Cost $35.60 Unrealized +36.9%

— HILLENBRAND INC 0.2%

Value ($000) $2,028 Shares 75,000 Est. Cost $27.04 Unrealized —

CEPF CANTOR EQUITY PARTNERS IV IN 0.1%

Value ($000) $1,528 Shares 150,000 Est. Cost $10.15 Unrealized +2.4%

DMIIU DRUGS MADE IN AMER ACQ II CO 0.1%

Value ($000) $995 Shares 100,000 Est. Cost $9.95 Unrealized —

FCRS/U FUTURECREST ACQUISITION CORP 0.0%

Value ($000) $265 Shares 25,000 Est. Cost $10.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	642,000	$427,688	39.1%	—	—	PUT	78462F103
IWM	ISHARES TR	285,000	$68,959	6.3%	—	—	PUT	464287655
WBD	WARNER BROS DISCOVERY INC	2,250,000	$43,943	4.0%	$8.78	+166.3%	—	934423104
NVRI	ENVIRI CORP	2,455,854	$31,165	2.8%	$8.10	+83.9%	—	415864107
CLF	CLEVELAND-CLIFFS INC NEW	2,500,000	$30,500	2.8%	—	—	CALL	185899101
SLM	SLM CORP	1,000,000	$27,680	2.5%	—	—	PUT	78442P106
RDDT	REDDIT INC	100,000	$22,999	2.1%	—	—	PUT	75734B100
DG	DOLLAR GEN CORP NEW	211,800	$21,890	2.0%	—	—	PUT	256677105
OXY	OCCIDENTAL PETE CORP	450,000	$21,263	1.9%	$44.74	-7.1%	—	674599105
LUMN	LUMEN TECHNOLOGIES INC	3,300,000	$20,196	1.8%	$4.80	+71.5%	—	550241103
SAP	SAP SE	75,000	$20,041	1.8%	—	—	PUT	803054204
AL	AIR LEASE CORP	300,000	$19,095	1.7%	$59.40	+7.2%	—	00912X302
BLCO	BAUSCH PLUS LOMB CORP	1,215,893	$18,324	1.7%	$14.58	+8.7%	—	071705107
BKNG	BOOKING HOLDINGS INC	3,300	$17,818	1.6%	—	—	PUT	09857L108
MOS	MOSAIC CO NEW	500,000	$17,340	1.6%	—	—	CALL	61945C103
DLTR	DOLLAR TREE INC	155,300	$14,656	1.3%	—	—	PUT	256746108
—	HUDSON PAC PPTYS INC	5,140,426	$14,188	1.3%	$2.76	—	—	444097109
—	ETHZILLA CORPORATION	3,903,288	$9,407	0.9%	$2.41	—	—	68236V302
CIEN	CIENA CORP	62,000	$9,032	0.8%	$101.84	+90.5%	—	171779309
FWONK	LIBERTY MEDIA CORP DEL	80,000	$8,356	0.8%	$104.45	—	—	531229755
LITE	LUMENTUM HLDGS INC	48,000	$7,810	0.7%	$124.70	+106.0%	—	55024U109
METC	RAMACO RES INC	125,000	$4,149	0.4%	$23.24	+13.0%	—	75134P600
NBR	NABORS INDUSTRIES LTD	100,000	$4,087	0.4%	$35.60	+36.9%	—	G6359F137
—	HILLENBRAND INC	75,000	$2,028	0.2%	$27.04	—	—	431571108
CEPF	CANTOR EQUITY PARTNERS IV IN	150,000	$1,528	0.1%	$10.15	+2.4%	—	G1828E100
DMIIU	DRUGS MADE IN AMER ACQ II CO	100,000	$995	0.1%	$9.95	—	—	G2851K120
FCRS/U	FUTURECREST ACQUISITION CORP	25,000	$265	0.0%	$10.60	—	—	G3730U123

Decreased Positions (2)

SATS ECHOSTAR CORP 37.4%

Value ($000) $409,574 (-10.1%) Shares 3,767,928 (-36.8%) Est. Cost $33.22 Unrealized +145.2%

OPTU OPTIMUM COMMUNICATIONS INC 0.5%

Value ($000) $5,262 (-77.7%) Shares 3,188,947 (-67.4%) Est. Cost $2.13 Unrealized -4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	3,767,928 (-36.8%)	$409,574 (-10.1%)	37.4%	$33.22	+145.2%	CL A	278768106
OPTU	OPTIMUM COMMUNICATIONS INC	3,188,947 (-67.4%)	$5,262 (-77.7%)	0.5%	$2.13	-4.6%	CL A	02156K103

Unchanged Positions (2)

BCSS/U BAIN CAP GSS INVT CORP 1.9%

Value ($000) $20,440 Shares 2,000,000 Est. Cost $10.09 Unrealized —

— LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $480 Shares 7,794,874 Est. Cost $0.72 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BCSS/U	BAIN CAP GSS INVT CORP	2,000,000	$20,440	1.9%	$10.09	—	UNIT 99/99/9999	G0R78B122
—	LIBERTY MEDIA CORP DEL	7,794,874	$480	0.0%	$0.72	—	DEB 3.750% 2/1	530715AL5