Equal-WT
WhaleScore 2.0
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DIAMETER CAPITAL PARTNERS LP
NEW YORK NY
Investment Advisor
Hedge Fund
Diameter Capital Partners is based out of New York. Diameter Capital Partners is a hedge fund with 26 clients and discretionary assets under management (AUM) of $18,307,316,459 (Form ADV from 2024-10-31). Their last reported 13F filing for Q4 2024 included $677,568,725 in managed 13F securities
and a top 10 holdings concentration of 68.98%. Diameter Capital Partners's largest holding is EchoStar Corp with shares held of 5,026,823. Whalewisdom has at least 30 13F filings, 3 13D filings, 7 13G filings, and 2 Form 4 filings
Business Description
The firm's success depends on retaining highly skilled employees, but competition for qualified individuals is intense. Failure to attract or retain these professionals could negatively impact advisory clients. The need for qualified personnel increases as the firm's advisory clients and services expand.
The firm provides advisory services and is compensated through fees as detailed in the governing documents of each Advisory Client. Investors should carefully review these documents to understand how the firm and its affiliates are compensated for their services and reimbursed for expenses. The firm is not aware of any legal or disciplinary events that are material to an investor’s or prospective investor’s or an Advisory Client’s evaluation of its advisory business or the integrity of its management.
Investment Strategy
The Firm employs a combination of research and trading skills to capitalize on inefficiencies within global credit markets. Its investment approach spans a wide spectrum of markets and instruments, encompassing new issues, performing assets, stressed and distressed assets, and equities. This strategy integrates market technical analysis with fundamental research, beginning with industry thematic analysis and progressing to company-specific analysis. The Firm prioritizes absolute returns, rather than relative returns tied to a fixed market index.
Investment allocation is tailored to each Advisory Client's specific investment objectives, as outlined in their Governing Documents, and the Firm generally avoids investing in the same instruments across all clients. The Firm allocates investment opportunities based on factors such as investment objectives, guidelines, restrictions, and a risk-return profile analysis. If an opportunity suits multiple Advisory Clients, including the Diameter BDC, the Diameter BDC's targeted position size is prioritized, followed by other Direct Lending Vehicles, in accordance with the Investment Company Act of 1940.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| SATS EchoStar Corp | 15.36% |
| BA-A Boeing Co 6% Dep Sha | 8.99% |
| UNH UnitedHealth Group I (CALL) | 8.96% |
| HUM Humana, Inc (CALL) | 4.96% |
| NBIS Nebius Group NV | 4.87% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| QQQ Invesco QQQ Trust, S (PUT) | 39.76% |
| IWM iShares Russell 2000 (PUT) | 10.8% |
| JETS U.S. Global Jets ETF (PUT) | 8.44% |
| DEBT-DISH DISH NETWORK CORPORA (PRN) | 8.22% |
| APLD Applied Digital Corp | 4.25% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| SATS EchoStar Corp | 16.99% |
| BA-A Boeing Co 6% Dep Sha | 8.99% |
| UNH UnitedHealth Group I(CALL) | 8.96% |
| DEBT-REAL REALOGY GRP LLC/REAL(PRN) | 5.92% |
| SILA Sila Realty Trust In | 5.2% |
2024-12-31
13F Activity
| Market Value | $0.68b, Prior: $1.23b |
| Inflows (Outflows) as % of Total MV | (-25.7984)% |
| New Purchases | 13 stocks |
| Added To | 5 stocks |
| Sold out of | 9 stocks |
| Reduced holdings in | 8 stocks |
| Top 10 Holdings % | 68.98% |
| Turnover %[1] | 57.89% |
| Turnover Alt %[2] | 59.82% |
| Time Held Top 20 | 1.85 quarters |
| Time Held Top 10 | 0.9 quarters |
| Time Held All | 2.31 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31