DSC Meridian Capital LP Hedge Fund

CIK: 0001970572 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $380,100 (90.0% shares, 10.0% debt)

Holdings (15)

New Positions (5)

AERO GRUPO AEROMEXICO SAB DE CV 14.7%

Value ($000) $55,926 Shares 2,546,724 Est. Cost $21.96 Unrealized —

RKT ROCKET COS INC 3.4%

Value ($000) $12,766 Shares 659,400 Est. Cost $17.88 Unrealized 0.0%

EXAS EXACT SCIENCES CORP 2.2%

Value ($000) $8,357 Shares 82,287 Est. Cost $80.31 Unrealized 0.0%

— MARA HOLDINGS INC 2.1%

Value ($000) $7,993 Shares 9,550,000 Est. Cost $0.84 Unrealized —

BTU PEABODY ENERGY CORP 0.3%

Value ($000) $1,188 Shares 40,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AERO	GRUPO AEROMEXICO SAB DE CV	2,546,724	$55,926	14.7%	$21.96	—	SPONSORED ADS	40054J109
RKT	ROCKET COS INC	659,400	$12,766	3.4%	$17.88	0.0%	COM CL A	77311W101
EXAS	EXACT SCIENCES CORP	82,287	$8,357	2.2%	$80.31	0.0%	COM	30063P105
—	MARA HOLDINGS INC	9,550,000	$7,993	2.1%	$0.84	—	NOTE 6/0	565788AH9
BTU	PEABODY ENERGY CORP	40,000	$1,188	0.3%	—	—	CALL	704551100

Increased Positions (2)

USHY ISHARES TR 8.4%

Value ($000) $31,848 (+81.0%) Shares 851,675 (+82.9%) Est. Cost $16.97 Unrealized —

— NABORS INDS INC 1.9%

Value ($000) $7,110 (+95.3%) Shares 8,727,000 (+84.6%) Est. Cost $0.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USHY	ISHARES TR	851,675 (+82.9%)	$31,848 (+81.0%)	8.4%	$16.97	—	BROAD USD HIGH	46435U853
—	NABORS INDS INC	8,727,000 (+84.6%)	$7,110 (+95.3%)	1.9%	$0.79	—	NOTE 1.750% 6/1	62957HAL9

Exited Positions (3)

— MR COOPER GROUP INC 6.0%

Value ($000) $22,945 Shares 108,853 Est. Cost $205.13 Unrealized —

TLN TALEN ENERGY CORP 2.9%

Value ($000) $10,921 Shares 25,673 Est. Cost $195.35 Unrealized +99.0%

ELME ELME COMMUNITIES 2.4%

Value ($000) $9,156 Shares 543,081 Est. Cost $16.86 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MR COOPER GROUP INC	108,853	$22,945	6.0%	$205.13	—	—	62482R107
TLN	TALEN ENERGY CORP	25,673	$10,921	2.9%	$195.35	+99.0%	—	87422Q109
ELME	ELME COMMUNITIES	543,081	$9,156	2.4%	$16.86	—	—	939653101

Decreased Positions (5)

SPY SPDR S&P 500 ETF TR 35.9%

Value ($000) $136,384 (-48.4%) Shares 200,000 (-49.6%) Est. Cost — Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 7.1%

Value ($000) $27,022 (-38.4%) Shares 1,286,779 (-38.6%) Est. Cost $9.64 Unrealized —

VST VISTRA CORP 4.2%

Value ($000) $16,028 (-39.1%) Shares 99,349 (-26.1%) Est. Cost $106.99 Unrealized +70.0%

TECK TECK RESOURCES LTD 3.7%

Value ($000) $14,244 (-37.7%) Shares 297,440 (-42.9%) Est. Cost $36.34 Unrealized +19.2%

DAR DARLING INGREDIENTS INC 0.2%

Value ($000) $756 (-75.5%) Shares 21,000 (-79.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	200,000 (-49.6%)	$136,384 (-48.4%)	35.9%	—	—	PUT	78462F103
BKLN	INVESCO EXCH TRADED FD TR II	1,286,779 (-38.6%)	$27,022 (-38.4%)	7.1%	$9.64	—	SR LN ETF	46138G508
VST	VISTRA CORP	99,349 (-26.1%)	$16,028 (-39.1%)	4.2%	$106.99	+70.0%	COM	92840M102
TECK	TECK RESOURCES LTD	297,440 (-42.9%)	$14,244 (-37.7%)	3.7%	$36.34	+19.2%	CL B	878742204
DAR	DARLING INGREDIENTS INC	21,000 (-79.0%)	$756 (-75.5%)	0.2%	—	—	CALL	237266101

Unchanged Positions (3)

CORZ CORE SCIENTIFIC INC NEW 8.7%

Value ($000) $33,200 Shares 2,280,252 Est. Cost $13.17 Unrealized +32.4%

— SUNRUN INC 6.0%

Value ($000) $22,728 Shares 16,000,000 Est. Cost $0.34 Unrealized —

GTN GRAY MEDIA INC 1.2%

Value ($000) $4,548 Shares 939,714 Est. Cost $5.43 Unrealized -9.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CORZ	CORE SCIENTIFIC INC NEW	2,280,252	$33,200	8.7%	$13.17	+32.4%	COM	21874A106
—	SUNRUN INC	16,000,000	$22,728	6.0%	$0.34	—	NOTE 4.000% 3/0	86771WAD7
GTN	GRAY MEDIA INC	939,714	$4,548	1.2%	$5.43	-9.8%	COM	389375106