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)

#StockSharesValue% PortfolioType
101
LCII 1.125 05/15/26LCI INDUSTRIES
9,927,000$9.8B139.40%
102
CALY 2.75 05/01/26TOPGOLF CALLAWAY BRANDS CORP
9,596,000$9.6B136.37%
103
EXEELEXPAND ENERGY CORP
95,294$9.5B135.12%
104
COGTCOGENT BIOSCIENCES INC
7,650,000$9.0B127.98%
105
BHCBAUSCH HEALTH COS INC
1,270,000$8.8B125.59%
1068,700,000$8.8B125.42%
107
U 0 11/15/26UNITY SOFTWARE INC
9,076,000$8.8B125.10%
108
FRPT 3 04/01/28FRESHPET INC
7,300,000$8.6B121.67%
1096,255,000$8.0B113.73%
110
DDOG 0 12/01/29DATADOG INC
7,499,000$7.5B106.83%
111
RWT 7.75 06/15/27REDWOOD TRUST INC
7,456,000$7.4B105.82%
112
GPRE 2.25 03/15/27GREEN PLAINS INC
7,677,000$7.4B105.14%
113
MXMAGNACHIP SEMICONDUCTOR CORP
2,849,858$7.3B103.40%
114
UPST 0.25 08/15/26UPSTART HOLDINGS INC
7,199,000$7.0B99.11%
1157,038,000$6.9B97.95%
116
BSY 0.375 07/01/27BENTLEY SYSTEMS INC
6,730,000$6.3B90.30%
117
NEO 0.25 01/15/28NEOGENOMICS INC
7,098,000$6.3B90.26%
118
LILALIBERTY LATIN AMERICA LTD
839,020$6.2B88.22%
1196,507,000$6.2B87.95%
1206,605,000$6.0B84.86%
1215,935,000$5.5B78.39%
122
SHAK 0 03/01/28SHAKE SHACK INC
5,686,000$5.4B76.65%
123
MITEK SYSTEMS INC
5,374,000$5.3B75.77%
1245,436,000$5.3B74.79%
125
AFRM 0 11/15/26AFFIRM HOLDINGS INC
5,225,000$5.0B71.74%
126
PENN 2.75 05/15/26PENN ENTERTAINMENT INC
4,952,000$4.9B69.88%
127
SO 4.5 06/15/27SOUTHERN CO/THE
4,557,000$4.9B69.34%
128
HDBHDFC BANK LTD
130,441$4.8B67.82%
129
MSTR 0 12/01/29STRATEGY INC
5,763,000$4.7B67.53%
1303,767,000$3.7B51.97%
131
ZD 3.625 03/01/28ZIFF DAVIS INC
3,496,000$3.4B48.78%
132
AWK 3.625 06/15/26AMERICAN WATER CAPITAL CORP
3,426,000$3.4B48.59%
133
BATLBATTALION OIL CORP
3,009,912$3.4B48.39%
134
TWO 6.25 01/15/26TWO HARBORS INVESTMENT CORP
3,298,000$3.3B46.80%
135
BILL 0 04/01/27BILL HOLDINGS INC
3,306,000$3.1B44.62%
136
ALVOALVOTECH SA
4,666,667$3.0B43.14%
137
F 0 03/15/26FORD MOTOR CO
2,900,000$3.0B42.94%
138
BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC
2,550,000$2.9B40.85%
139
POST 2.5 08/15/27POST HOLDINGS INC
2,650,000$2.9B40.67%
140
ON 0 05/01/27ON SEMICONDUCTOR CORP
1,950,000$2.3B33.10%
1412,000,000$2.3B32.03%
142
WT 3.25 08/15/29WISDOMTREE INC
1,850,000$2.2B31.70%
143
DBX 0 03/01/26DROPBOX INC
2,175,000$2.2B30.72%
144
ALVOALVOTECH SA
533,656$2.0B28.79%
145
CAKE 0.375 06/15/26CHEESECAKE FACTORY INC/THE
1,960,000$1.9B27.62%
1461,874,000$1.9B26.49%
147
MTN 0 01/01/26VAIL RESORTS INC
1,819,000$1.8B25.88%
148
DOCN 0 12/01/26DIGITALOCEAN HOLDINGS INC
1,880,000$1.8B25.85%
149
BL 0 03/15/26BLACKLINE INC
1,816,000$1.8B25.63%
150
NEENEXTERA ENERGY INC
1,292,000$1.6B22.85%
151
CELC 2.75 08/01/31CELCUITY INC
700,000$1.5B21.63%
1521,353,000$1.5B21.30%
153
VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC
1,651,000$1.5B21.16%
154
SPOT 0 03/15/26SPOTIFY TECHNOLOGY SA
1,300,000$1.5B21.03%
155
TCOM 0.75 06/15/29TRIP.COM GROUP LTD
1,189,000$1.5B20.87%
156
HLF 4.25 06/15/28HERBALIFE LTD
1,242,000$1.3B19.15%
1571,300,000$1.3B19.10%
1581,100,000$1.3B18.87%
159
PSN 2.625 03/01/29PARSONS CORP
1,160,000$1.2B17.00%
160
AFRM 0.75 12/15/29AFFIRM HOLDINGS INC
927,000$1.0B14.63%
161
TYL 0.25 03/15/26TYLER TECHNOLOGIES INC
1,000,000$1.0B14.41%
162
ASND 2.25 04/01/28ASCENDIS PHARMA A/S
700,000$994.0M14.14%
163
RNG 0 03/15/26RINGCENTRAL INC
984,000$974.0M13.86%
164
HAE 2.5 06/01/29HAEMONETICS CORP
902,000$938.0M13.35%
165
FSLY 0 03/15/26FASTLY INC
863,000$850.0M12.09%
166
GLAD 5.875 10/01/30GLADSTONE CAPITAL CORP
754,000$738.0M10.50%
167
GH 0 11/15/27GUARDANT HEALTH INC
555,000$599.0M8.52%
168
PTON 0 02/15/26PELOTON INTERACTIVE INC
559,000$552.0M7.85%
169
BTAIBIOXCEL THERAPEUTICS INC
241,188$385.0M5.48%
170
KRSPRICE ACQUISITION CORP 3
399,999$319.0M4.54%
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