OAKTREE CAPITAL MANAGEMENT LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$7.0B
Holdings
170
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (170 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | EXEEXPAND ENERGY CORP | 5,062,363 | $558.7M | 7.95% | |
| 2 | TRMDTORM PLC | 26,425,059 | $527.3M | 7.50% | |
| 3 | AUANGLOGOLD ASHANTI PLC | 3,847,991 | $328.2M | 4.67% | |
| 4 | SMHVANECK SEMICONDUCTOR ETF | 865,000 | $311.5M | 4.43% | Put |
| 5 | GTXGARRETT MOTION INC | 17,094,816 | $298.0M | 4.24% | |
| 6 | SPYSTATE STREET CORP | 385,000 | $262.5M | 3.74% | Put |
| 7 | —Indivior Pharmaceuticals Inc | 7,108,644 | $255.1M | 3.63% | |
| 8 | VNOMVIPER ENERGY INC | 6,285,062 | $242.8M | 3.45% | |
| 9 | TLNTALEN ENERGY CORP | 631,117 | $236.6M | 3.37% | Call |
| 10 | TDSTELEPHONE AND DATA SYSTEMS INC | 3,688,386 | $151.2M | 2.15% | |
| 11 | CORZCORE SCIENTIFIC INC | 10,350,708 | $150.7M | 2.14% | Call |
| 12 | BBARRICK MINING CORP | 2,975,118 | $129.6M | 1.84% | |
| 13 | NOKNOKIA OYJ | 18,752,229 | $121.3M | 1.73% | |
| 14 | FTAIFTAI AVIATION LTD | 517,328 | $101.8M | 1.45% | |
| 15 | ITUBITAU UNIBANCO HOLDING SA | 13,822,747 | $99.0M | 1.41% | |
| 16 | ORCLORACLE CORP | 500,000 | $97.5M | 1.39% | Put |
| 17 | LBTYALIBERTY GLOBAL LTD | 8,551,191 | $95.3M | 1.36% | |
| 18 | 0HQKCBL & ASSOCIATES PROPERTIES INC | 2,517,576 | $93.2M | 1.33% | |
| 19 | RIOT 0.75 01/15/30RIOT PLATFORMS INC | 81,960,000 | $92.9M | 1.32% | |
| 20 | JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP | 90,530,000 | $89.0M | 1.27% | |
| 21 | AEROGRUPO AEROMEXICO SAB DE CV | 3,776,986 | $82.9M | 1.18% | |
| 22 | TACTRANSALTA CORP | 6,415,253 | $81.2M | 1.16% | |
| 23 | SOYSUNOPTA INC | 20,726,126 | $78.9M | 1.12% | |
| 24 | NUNU HOLDINGS LTD/CAYMAN ISLANDS | 4,479,175 | $75.0M | 1.07% | |
| 25 | FCXFREEPORT-MCMORAN INC | 1,390,053 | $70.6M | 1.00% | |
| 26 | KRCKILROY REALTY CORP | 1,850,011 | $69.1M | 0.98% | |
| 27 | CXCEMEX SAB DE CV | 5,749,324 | $66.1M | 0.94% | |
| 28 | RWAYRUNWAY GROWTH FINANCE CORP | 7,029,667 | $62.8M | 0.89% | |
| 29 | SATS 3.875 11/30/30ECHOSTAR CORP | 18,000,000 | $60.2M | 0.86% | |
| 30 | CABO 0 03/15/26CABLE ONE INC | 58,874,000 | $58.1M | 0.83% | |
| 31 | BLCOBAUSCH LOMB CORP | 3,382,739 | $57.8M | 0.82% | |
| 32 | GRABGRAB HOLDINGS LTD | 11,207,699 | $55.9M | 0.80% | |
| 33 | XPXP INC | 3,320,159 | $54.4M | 0.77% | |
| 34 | ABNB 0 03/15/26AIRBNB INC | 50,633,000 | $50.2M | 0.71% | |
| 35 | MARMARRIOTT INTERNATIONAL INC/MD | 150,000 | $46.5M | 0.66% | Put |
| 36 | ETSY 0.25 06/15/28ETSY INC | 50,165,000 | $44.9M | 0.64% | |
| 37 | LILALIBERTY LATIN AMERICA LTD | 5,748,780 | $42.9M | 0.61% | |
| 38 | ECVTECOVYST INC | 4,254,503 | $41.4M | 0.59% | |
| 39 | BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC | 42,118,000 | $40.5M | 0.58% | |
| 40 | AMPH 2 03/15/29AMPHASTAR PHARMACEUTICALS INC | 43,578,000 | $40.4M | 0.57% | |
| 41 | ADARRAY DIGITAL INFRASTRUCTURE INC | 724,444 | $38.8M | 0.55% | |
| 42 | CNMD 2.25 06/15/27CONMED CORP | 40,324,000 | $38.7M | 0.55% | |
| 43 | VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE CORP | 40,370,000 | $38.5M | 0.55% | |
| 44 | PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST | 39,706,000 | $38.4M | 0.55% | |
| 45 | VISTVISTA ENERGY SAB DE CV | 782,250 | $38.1M | 0.54% | |
| 46 | SEALTD 0.25 09/15/26SEA LTD | 38,855,000 | $37.8M | 0.54% | |
| 47 | YMMFULL TRUCK ALLIANCE CO LTD | 3,519,764 | $37.8M | 0.54% | |
| 48 | SBLKSTAR BULK CARRIERS CORP | 1,962,892 | $37.7M | 0.54% | |
| 49 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 38,479,000 | $36.7M | 0.52% | |
| 50 | ENPH 0 03/01/28ENPHASE ENERGY INC | 38,178,000 | $33.4M | 0.47% | |
| 51 | CBRL 0.625 06/15/26CRACKER BARREL OLD COUNTRY STORE INC | 33,101,000 | $32.2M | 0.46% | |
| 52 | CRCCALIFORNIA RESOURCES CORP | 694,502 | $31.1M | 0.44% | |
| 53 | BZKANZHUN LTD | 1,523,231 | $31.0M | 0.44% | |
| 54 | ARRY 1 12/01/28ARRAY TECHNOLOGIES INC | 33,284,000 | $30.3M | 0.43% | |
| 55 | NVST 1.75 08/15/28ENVISTA HOLDINGS CORP | 30,786,000 | $29.6M | 0.42% | |
| 56 | OKTA 0.375 06/15/26OKTA INC | 28,311,000 | $27.8M | 0.40% | |
| 57 | FIVN 1 03/15/29FIVE9 INC | 30,353,000 | $27.4M | 0.39% | |
| 58 | ALRM 0 01/15/26ALARM.COM HOLDINGS INC | 27,198,000 | $27.3M | 0.39% | |
| 59 | TEOTELECOM ARGENTINA SA | 2,347,508 | $27.3M | 0.39% | |
| 60 | VALEVALE SA | 2,023,706 | $26.4M | 0.38% | |
| 61 | SPB 3.375 06/01/29SPECTRUM BRANDS HOLDINGS INC | 27,496,000 | $26.1M | 0.37% | |
| 62 | DXCM 0.375 05/15/28DEXCOM INC | 27,995,000 | $25.8M | 0.37% | |
| 63 | TXTERNIUM SA | 658,565 | $25.1M | 0.36% | |
| 64 | KRSPRICE ACQUISITION CORP 3 | 2,400,000 | $24.7M | 0.35% | |
| 65 | FFC0OAKTREE SPECIALTY LENDING CORP | 1,852,456 | $23.6M | 0.34% | |
| 66 | DKNG 0 03/15/28DRAFTKINGS INC | 25,225,000 | $23.1M | 0.33% | |
| 67 | MGPI 1.875 11/15/41MGP INGREDIENTS INC | 23,225,000 | $22.5M | 0.32% | |
| 68 | INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES INC | 21,560,000 | $21.5M | 0.31% | |
| 69 | XYZ 0 05/01/26BLOCK INC | 20,243,000 | $19.9M | 0.28% | |
| 70 | NBR 1.75 06/15/29NABORS INDUSTRIES LTD | 24,063,000 | $19.6M | 0.28% | |
| 71 | INFYINFOSYS LTD | 1,094,752 | $19.5M | 0.28% | |
| 72 | JD 0.25 06/01/29JD.COM INC | 19,233,000 | $19.3M | 0.27% | |
| 73 | DAY 0.25 03/15/26DAYFORCE INC | 19,351,000 | $19.2M | 0.27% | |
| 74 | WGO 3.25 01/15/30WINNEBAGO INDUSTRIES INC | 20,220,000 | $19.1M | 0.27% | |
| 75 | SNAP 0 05/01/27SNAP INC | 19,576,000 | $18.3M | 0.26% | |
| 76 | SYNA 0.75 12/01/31SYNAPTICS INC | 17,250,000 | $18.3M | 0.26% | |
| 77 | ONITONITY GROUP INC | 390,835 | $17.9M | 0.25% | |
| 78 | LIVN 2.5 03/15/29LIVANOVA PLC | 15,285,000 | $17.7M | 0.25% | |
| 79 | PPL 2.875 03/15/28PPL CORP | 15,672,000 | $17.2M | 0.25% | |
| 80 | AVAV 0 07/15/30AEROVIRONMENT INC | 15,763,000 | $17.1M | 0.24% | |
| 81 | TTEK 2.25 08/15/28TETRA TECH INC | 15,289,000 | $16.6M | 0.24% | |
| 82 | CMS 3.375 05/01/28CMS ENERGY CORP | 15,199,000 | $16.3M | 0.23% | |
| 83 | SMRTSMARTRENT INC | 7,505,294 | $15.2M | 0.22% | |
| 84 | HAE 0 03/01/26HAEMONETICS CORP | 15,030,000 | $14.9M | 0.21% | |
| 85 | JAZZ 3.125 09/15/30JAZZ PHARMACEUTICALS PLC | 10,600,000 | $14.1M | 0.20% | |
| 86 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 11,957,000 | $14.0M | 0.20% | |
| 87 | LNTH 2.625 12/15/27LANTHEUS HOLDINGS INC | 11,525,000 | $13.2M | 0.19% | |
| 88 | OPTUOPTIMUM COMMUNICATIONS INC | 7,500,000 | $12.4M | 0.18% | |
| 89 | SNAP 0.125 03/01/28SNAP INC | 13,422,000 | $12.2M | 0.17% | |
| 90 | BAND 0.5 04/01/28BANDWIDTH INC | 13,650,000 | $11.9M | 0.17% | |
| 91 | BXMT 5.5 03/15/27BLACKSTONE MORTGAGE TRUST INC | 11,999,000 | $11.9M | 0.17% | |
| 92 | RDFN 0.5 04/01/27REDFIN CORP | 11,841,000 | $11.1M | 0.16% | |
| 93 | PMT 5.5 03/15/26PENNYMAC MORTGAGE INVESTMENT TRUST | 10,935,000 | $11.0M | 0.16% | |
| 94 | ENPH 0 03/01/26ENPHASE ENERGY INC | 10,911,000 | $10.8M | 0.15% | |
| 95 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 10,510,000 | $10.8M | 0.15% | |
| 96 | RGEN 1 12/15/28REPLIGEN CORP | 9,830,000 | $10.8M | 0.15% | |
| 97 | FLR 1.125 08/15/29FLUOR CORP | 9,371,000 | $10.7M | 0.15% | |
| 98 | MGNI 0.25 03/15/26MAGNITE INC | 10,305,000 | $10.2M | 0.15% | |
| 99 | LYV 2.875 01/15/30LIVE NATION ENTERTAINMENT INC | 9,670,000 | $10.2M | 0.14% | |
| 100 | ZD 1.75 11/01/26ZIFF DAVIS INC | 10,091,000 | $9.9M | 0.14% |
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