King Street Capital discloses 4.6% Surgery Partners (SGRY) holding in Schedule 13G

Rhea-AI Filing Summary

King Street Capital Management, L.P., King Street Capital Management GP, L.L.C., and Brian J. Higgins jointly report beneficial ownership of Surgery Partners, Inc. common stock on a Schedule 13G. They report 6,058,141 shares of common stock with shared voting and shared dispositive power and no sole voting or dispositive power.

This position represents 4.6% of Surgery Partners’ common stock, based on 130,918,260 shares outstanding as of August 3, 2026, as disclosed in the company’s Form 10-Q for the quarter ended June 30, 2026. King Street Capital Management acts as investment manager to various fund entities, with KSCM GP as its sole general partner and Mr. Higgins as managing member.

Key Figures

Shares beneficially owned: 6,058,141 shares Ownership percentage: 4.6% Shares outstanding: 130,918,260 shares +3 more

6 metrics

Shares beneficially owned 6,058,141 shares Common stock of Surgery Partners, Inc. reported by the King Street reporting group

Ownership percentage 4.6% Percentage of Surgery Partners common stock beneficially owned by the reporting persons

Shares outstanding 130,918,260 shares Surgery Partners common stock outstanding as of August 3, 2026, per Form 10-Q

Shared voting power 6,058,141 shares Shares over which the reporting persons have shared power to vote or direct the vote

Shared dispositive power 6,058,141 shares Shares over which the reporting persons have shared power to dispose or direct disposition

Schedule 13G date signed 08/14/2026 Date the Schedule 13G was signed by the reporting persons

Key Terms

beneficially owned, shared voting power, shared dispositive power, registered investment advisor, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: The information required by Items 4(a) - (c)..."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared power to vote or to direct the vote: 6,058,141"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared power to dispose or to direct the disposition of: 6,058,141"

registered investment advisor financial

"KSCM, a registered investment advisor, is the investment manager..."

A registered investment advisor is a professional or firm that provides financial advice and manages investments for clients, operating under regulations that require them to act in their clients' best interests. This designation helps investors identify trustworthy advisors who are legally committed to providing transparent and fair guidance, much like a licensed doctor is bound to prioritize patient well-being.

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company..."

FAQ

How much of Surgery Partners, Inc. (SGRY) does King Street Capital beneficially own?

King Street Capital and related reporting persons beneficially own 6,058,141 shares of Surgery Partners, Inc. common stock. This represents 4.6% of the outstanding shares, based on 130,918,260 shares outstanding as of August 3, 2026.

What percentage of Surgery Partners (SGRY) shares does this Schedule 13G represent?

The reported holding represents 4.6% of Surgery Partners’ common stock. The percentage is calculated using 130,918,260 shares outstanding as of August 3, 2026, as disclosed in the company’s Form 10-Q for the quarter ended June 30, 2026.

Who are the reporting persons on the Surgery Partners (SGRY) Schedule 13G?

The reporting persons are King Street Capital Management, L.P., King Street Capital Management GP, L.L.C., and Brian J. Higgins. King Street manages various fund entities, with KSCM GP as general partner and Mr. Higgins as managing member sharing voting and dispositive power.

What voting and dispositive powers are reported over Surgery Partners (SGRY) shares?

The reporting persons disclose 0 shares with sole voting or dispositive power and 6,058,141 shares with shared voting and shared dispositive power. This reflects coordinated control over how these shares are voted and potentially sold or transferred.

How was the 4.6% ownership in Surgery Partners (SGRY) calculated?

The 4.6% ownership is based on 6,058,141 shares held relative to 130,918,260 shares outstanding of Surgery Partners common stock. The outstanding share figure comes from the company’s Form 10-Q dated for the quarter ended June 30, 2026.

What is King Street Capital’s role regarding Surgery Partners (SGRY) shares?

King Street Capital Management, L.P. is described as a registered investment advisor acting as investment manager to various fund entities. It shares voting and dispositive power over 6,058,141 Surgery Partners shares with KSCM GP and Brian J. Higgins under this Schedule 13G.

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Available on EDGAR 08/14/2026 - 12:56 PM Accepted by SEC EDGAR 08/14/2026 - 12:56 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Surgery Partners, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

86881A100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 86881A100

1

Names of Reporting Persons

King Street Capital Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,058,141.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,058,141.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,058,141.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 86881A100

1

Names of Reporting Persons

King Street Capital Management GP, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,058,141.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,058,141.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,058,141.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 86881A100

1

Names of Reporting Persons

Brian J. Higgins

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,058,141.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,058,141.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,058,141.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Surgery Partners, Inc.
(b)	Address of issuer's principal executive offices: 340 Seven Springs Way, Suite 600, Brentwood, Tennessee, 37027
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by King Street Capital Management, L.P. ("KSCM"), King Street Capital Management GP, L.L.C. ("KSCM GP"), and Brian J. Higgins. KSCM, KSCM GP and Mr. Higgings are colletively referred to herein as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is: 299 Park Avenue, 40th Floor New York, NY 10171
(c)	Citizenship: KSCM is a limited partnership organized under the laws of the State of Delaware, U.S.A. KSCM GP is a limited liability company organized under the laws of the State of Delaware, U.S.A. Mr. Higgins is a United States citizen.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 86881A100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(b)	Percent of class: The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 130,918,260 shares of common stock outstanding as of August 3, 2026, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the Securities and Exchange Commission on August 10, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 6,058,141
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 6,058,141
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. KSCM, a registered investment advisor, is the investment manager of various fund entities. KSCM has shared voting and dispositive power over the common stock reported hereunder with KSCM GP and Mr. Higgins. KSCM GP is the sole general partner of KSCM and Mr. Higgins is the managing member of KSCM GP.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

King Street Capital Management, L.P.

Signature:	/s/ Richardo Marano
Name/Title:	Chief Compliance Officer
Date:	08/14/2026

King Street Capital Management GP, L.L.C.

Signature:	/s/ Ricardo Marano
Name/Title:	Authorized Signatory
Date:	08/14/2026

Brian J. Higgins

Signature:	/s/ Brian J. Higgins
Name/Title:	Brian J. Higgins
Date:	08/14/2026

Exhibit Information

Exhibit A - Joint Filing Agreement