Diameter Capital Partners LP
Diameter Capital Partners LP is an investment management firm headquartered in New York, NY, United States. The firm was founded in 2017 and specializes in credit-focused investment management, particularly targeting opportunistic and event-driven strategies across corporate and structured credit markets. As of 2025, the firm serves institutional investors and manages under a hedge fund structure. The team is composed of highly experienced professionals with backgrounds across leading investment banks and asset management firms.
Investment Strategy
Diameter Capital Partners LP primarily employs a credit-focused investment strategy, targeting both liquid and illiquid opportunities in the corporate and structured credit markets. The firm's approach is opportunistic and event-driven, with a focus on identifying relative value positions, capital structure arbitrage, and mispriced securities. It utilizes in-depth fundamental analysis and an active trading approach, seeking differentiated risk-adjusted returns while maintaining disciplined risk management.
Top Holdings
Equity Positions (18)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SATS | ECHOSTAR CORP | 10.37% | $90.8M | 3,278,986 | $22.16 | $27.70 | -$63.3M |
C COMM | COMMSCOPE HLDG CO INC | 4.58% | $40.1M | 4,841,158 | $6.62 | $8.28 | +$25.7M |
W WBD | WARNER BROS DISCOVERY INC | 4.45% | $39.0M | 3,400,000 | $10.14 | $11.46 | +$19.1M |
R RH | RH | 3.10% | $27.2M | 143,745 | $189.01 | $189.01 | +$27.2M |
C CCO | CLEAR CHANNEL OUTDOOR HLDGS | 2.00% | $17.6M | 15,000,000 | $1.29 | $1.17 | +$7.6M |
Options Positions (4)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
I IWM | ISHARES TR | Bought | Put | $329.1M | 15,250 | $215.79 | $205.10 | +5,250 | +$129.6M |
S SATS | ECHOSTAR CORP | New | Call | $102.5M | 37,000 | $27.70 | $27.70 | +37,000 | +$102.5M |
W WBD | WARNER BROS DISCOVERY INC | Sold | Call | $80.2M | 70,000 | $11.46 | $9.80 | -10,000 | -$5.6M |
S SATS | ECHOSTAR CORP | New | Put | $5.5M | 2,000 | $27.70 | $27.70 | +2,000 | +$5.5M |