OAKTREE CAPITAL MANAGEMENT LP

CIK: 0000949509SEC EDGAR →

Portfolio Value

$7.0B

Holdings

170

As of

Q4 2025

New Positions

31

Closed Positions

45

Top 10 Holdings

RankStockSharesValue% of Portfolio
1
EXE

EXPAND ENERGY CORP

5,062,363$558.7M
7.95%
2
TRMD

TORM PLC

26,425,059$527.3M
7.50%
3
AU

ANGLOGOLD ASHANTI PLC

3,847,991$328.2M
4.67%
4
SMHPut

VANECK SEMICONDUCTOR ETF

865,000$311.5M
4.43%
5
GTX

GARRETT MOTION INC

17,094,816$298.0M
4.24%
6
INDV

Indivior Pharmaceuticals Inc

7,108,644$255.1M
3.63%
7
VNOM

VIPER ENERGY INC

6,285,062$242.8M
3.45%
8
TLNCall

TALEN ENERGY CORP

631,117$236.6M
3.37%
9
TDS

TELEPHONE AND DATA SYSTEMS INC

3,688,386$151.2M
2.15%
10
CORZCall

CORE SCIENTIFIC INC

10,350,708$150.7M
2.14%

Quarterly Changes

Top Buys

SMHNEW
$311.5M
CORZNEW
$150.7M
RIOT 0.75 01/15/30NEW
$92.9M
TLN↑ Increased
$86.6M
AERONEW
$82.9M

Top Sells

INDV↓ Decreased
$10.4B
TRMD↓ Decreased
$306.7M
TPICQCLOSED
$142.0M
GTX↓ Decreased
$136.0M
CORZCLOSED
$114.0M

New Positions (38)

SMH
$311.5M · 865K shares
CORZ
$150.7M · 10.4M shares
RIOT 0.75 01/15/30
$92.9M · 82.0M shares
AERO
$82.9M · 3.8M shares
SATS 3.875 11/30/30
$60.2M · 18.0M shares
DXCM 0.375 05/15/28
$25.8M · 28.0M shares
KRSP
$24.7M · 2.4M shares
DKNG 0 03/15/28
$23.1M · 25.2M shares
INFY
$19.5M · 1.1M shares
SYNA 0.75 12/01/31
$18.3M · 17.3M shares
ONIT
$17.9M · 391K shares
LYV 2.875 01/15/30
$10.2M · 9.7M shares
COGT
$9.0M · 7.7M shares
ITRI 1.375 07/15/30
$8.8M · 8.7M shares
DDOG 0 12/01/29
$7.5M · 7.5M shares
GPRE 2.25 03/15/27
$7.4M · 7.7M shares
MITK
$5.3M · 5.4M shares
NTNX 0.5 12/15/29
$5.3M · 5.4M shares
PENN 2.75 05/15/26
$4.9M · 5.0M shares
MSTR 0 12/01/29
$4.7M · 5.8M shares
AWK 3.625 06/15/26
$3.4M · 3.4M shares
F 0 03/15/26
$3.0M · 2.9M shares
NTNX 0.25 10/01/27
$2.3M · 2.0M shares
WT 3.25 08/15/29
$2.2M · 1.9M shares
DBX 0 03/01/26
$2.2M · 2.2M shares
CAKE 0.375 06/15/26
$1.9M · 2.0M shares
BL 0 03/15/26
$1.8M · 1.8M shares
CELC 2.75 08/01/31
$1.5M · 700K shares
FSLY 7.75 06/01/28
$1.5M · 1.4M shares
VSH 2.25 09/15/30
$1.5M · 1.7M shares
SPOT 0 03/15/26
$1.5M · 1.3M shares
MSTR 0.875 03/15/31
$1.3M · 1.3M shares
AFRM 0.75 12/15/29
$1.0M · 927K shares
TYL 0.25 03/15/26
$1.0M · 1.0M shares
RNG 0 03/15/26
$974K · 984K shares
HAE 2.5 06/01/29
$938K · 902K shares
GLAD 5.875 10/01/30
$738K · 754K shares
KRSP
$319K · 400K shares

Closed Positions (32)

TPICQ
$142.0M · 4.6M shares
CORZ
$114.0M · 6.4M shares
IWM
$53.0M · 220K shares
SATS
$45.0M · 600K shares
SRPT 1.25 09/15/27
$30.0M · 34.9M shares
NBR
$30.0M · 737K shares
SE
$25.0M · 141K shares
JBS
$23.0M · 1.6M shares
AGCN 0.375 01/15/27
$19.0M · 18.1M shares
FOUR 0.5 08/01/27
$14.0M · 14.5M shares
MTH 1.75 05/15/28
$13.0M · 12.7M shares
DXCM 0.25 11/15/25
$12.0M · 13.0M shares
GH 1.25 02/15/31
$12.0M · 9.2M shares
WING
$12.0M · 50K shares
TVTX 2.25 03/01/29
$10.0M · 9.2M shares
BL 1 06/01/29
$8.0M · 8.1M shares
ACR
$8.0M · 391K shares
LI 0.25 05/01/28
$8.0M · 7.3M shares
LGN
$5.0M · 175K shares
VRNT 0.25 04/15/26
$4.0M · 4.6M shares
NVCR 0 11/01/25
$4.0M · 4.3M shares
FUBO 3.25 02/15/26
$4.0M · 4.5M shares
GES 3.75 04/15/28
$3.0M · 3.6M shares
UBER 0.875 12/01/28 2028
$2.0M · 1.5M shares
BBIO 2.5 03/15/27
$2.0M · 1.9M shares
QTWO 0.125 11/15/25
$2.0M · 2.7M shares
ESPR 4 11/15/25
$2.0M · 2.1M shares
IRTC 1.5 09/01/29
$1.0M · 900K shares
W 3.25 09/15/27
$1.0M · 900K shares
FVRR 0 11/01/25
$1.0M · 1.0M shares
TGS
$1.0M · 57K shares
EVH 3.5 12/01/29
$0 · 1.0M shares

Sector Breakdown

Sector# HoldingsValue%
Unknown113$1.8B26.7%
Energy7$1.4B20.9%
Basic Materials7$687.3M10.2%
Financial Services10$650.5M9.6%
Technology9$510.4M7.5%
Communication Services7$374.0M5.5%
Consumer Cyclical2$344.5M5.1%
Healthcare7$336.1M5.0%
Utilities3$319.4M4.7%
Industrials4$253.5M3.7%
Real Estate1$69.1M1.0%