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Hedge fund

Canyon Capital Advisors LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1074034

Reported value
$882.0m
86% in companies we cover
Positions we cover
17
Largest CBL 44.6%
Copy, a year
+10.4%
S&P 500 +14.1%
Copy Sharpe ratio
0.43
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$37.0k
CopyS&P 500 $10,000 copying Canyon Capital Advisors LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −55.5% (S&P 500 −31.8%); beta 1.28; alpha −4.4% a year (t = −0.91); last 12 months +55.5% against +12.1%.

Reported value by quarter

Canyon Capital Advisors LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T Reported value, 2013-06-30: $542.9M Reported value, 2013-09-30: $577.8M Reported value, 2013-12-31: $800.4M Reported value, 2014-03-31: $1.5B Reported value, 2014-06-30: $2.4B Reported value, 2014-09-30: $2.4B Reported value, 2014-12-31: $2.4B Reported value, 2015-03-31: $3.1B Reported value, 2015-06-30: $3.7B Reported value, 2015-09-30: $3.5B Reported value, 2015-12-31: $3B Reported value, 2016-03-31: $2.3B Reported value, 2016-06-30: $2.4B Reported value, 2016-09-30: $2.6B Reported value, 2016-12-31: $2.8B Reported value, 2017-03-31: $3.8B Reported value, 2017-06-30: $5.7B Reported value, 2017-09-30: $6.2B Reported value, 2017-12-31: $6.3B Reported value, 2018-03-31: $8.9B Reported value, 2018-06-30: $8.2B Reported value, 2018-09-30: $6.5B Reported value, 2018-12-31: $3.7B Reported value, 2019-03-31: $0 Reported value, 2019-06-30: $0 Reported value, 2019-09-30: $4B Reported value, 2019-12-31: $3.7B Reported value, 2020-03-31: $2.4B Reported value, 2020-06-30: $2.6B Reported value, 2020-09-30: $2.3B Reported value, 2020-12-31: $1.8B Reported value, 2021-03-31: $1.9B Reported value, 2021-06-30: $2B Reported value, 2021-09-30: $2.1B Reported value, 2021-12-31: $2.1B Reported value, 2022-03-31: $2B Reported value, 2022-06-30: $1.2B Reported value, 2022-09-30: $970.4M Reported value, 2022-12-31: $880B Reported value, 2023-03-31: $659.8M Reported value, 2023-06-30: $870.2M Reported value, 2023-09-30: $968.4M Reported value, 2023-12-31: $822.7M Reported value, 2024-03-31: $866.6M Reported value, 2024-06-30: $838M Reported value, 2024-09-30: $790.2M Reported value, 2024-12-31: $778.8M Reported value, 2025-03-31: $696.1M Reported value, 2025-06-30: $723M Reported value, 2025-09-30: $729.4M Reported value, 2025-12-31: $760.7M Reported value, 2026-03-31: $772M Reported value, 2026-06-30: $882M 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $882M
View chart data
Period Reported value
2013-06-30 $542.9M
2013-09-30 $577.8M
2013-12-31 $800.4M
2014-03-31 $1.5B
2014-06-30 $2.4B
2014-09-30 $2.4B
2014-12-31 $2.4B
2015-03-31 $3.1B
2015-06-30 $3.7B
2015-09-30 $3.5B
2015-12-31 $3B
2016-03-31 $2.3B
2016-06-30 $2.4B
2016-09-30 $2.6B
2016-12-31 $2.8B
2017-03-31 $3.8B
2017-06-30 $5.7B
2017-09-30 $6.2B
2017-12-31 $6.3B
2018-03-31 $8.9B
2018-06-30 $8.2B
2018-09-30 $6.5B
2018-12-31 $3.7B
2019-03-31 $0
2019-06-30 $0
2019-09-30 $4B
2019-12-31 $3.7B
2020-03-31 $2.4B
2020-06-30 $2.6B
2020-09-30 $2.3B
2020-12-31 $1.8B
2021-03-31 $1.9B
2021-06-30 $2B
2021-09-30 $2.1B
2021-12-31 $2.1B
2022-03-31 $2B
2022-06-30 $1.2B
2022-09-30 $970.4M
2022-12-31 $880B
2023-03-31 $659.8M
2023-06-30 $870.2M
2023-09-30 $968.4M
2023-12-31 $822.7M
2024-03-31 $866.6M
2024-06-30 $838M
2024-09-30 $790.2M
2024-12-31 $778.8M
2025-03-31 $696.1M
2025-06-30 $723M
2025-09-30 $729.4M
2025-12-31 $760.7M
2026-03-31 $772M
2026-06-30 $882M

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
CBLCBL & Associates Properties Inc44.64%$393.7m7.42M−12.4% Reduced
FSUNFirstsun Capital Bancorp8.49%$74.9m1.93MNew
AMBPArdagh Metal Packaging S.a.5.58%$49.2m10.39M−9.9% Reduced
COMPCompass, Inc.4.84%$42.7m3.46M−1.0% Reduced
RUNSunrun Inc.3.75%$33.0m2.47M0.0%
CNMCore & Main, Inc.2.79%$24.6m510.0KNew
TPGTPG Inc.2.69%$23.7m584.2KNew
UNFUnifirst Corp2.25%$19.8m75.0KNew
AMCRAmcor2.12%$18.7m431.9K0.0%
JHXJames Hardie Industries plc1.44%$12.7m484.7K+21.6% Added
SDRLSeadrill Ltd1.43%$12.6m332.6K−73.6% Reduced
ASHAshland Inc.1.34%$11.8m179.0KNew
MBCMasterbrand, Inc.1.26%$11.1m1.08M−36.3% Reduced
ATKRAtkore Inc.1.20%$10.6m139.7K−54.2% Reduced
MAGNMagnera Corp1.08%$9.5m810.0K0.0%
SWKSSkyworks Solutions, Inc.0.94%$8.3m122.0KNew
UWMCUWM Holdings Corp0.66%$5.8m2.53MNew
CompanyBought (value)Shares
FSUNFirstsun Capital Bancorp$74.9m1.93M
CNMCore & Main, Inc.$24.6m510.0K
TPGTPG Inc.$23.7m584.2K
UNFUnifirst Corp$19.8m75.0K
ASHAshland Inc.$11.8m179.0K
SWKSSkyworks Solutions, Inc.$8.3m122.0K
UWMCUWM Holdings Corp$5.8m2.53M
JHXJames Hardie Industries plc$2.3m86.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
CBLCBL & Associates Properties Inc−$55.7m−1.05M
SDRLSeadrill Ltd−$35.1m−929.1K
PFSIPennymac Financial Services, Inc.−$16.4m−187.5K
KVUEKenvue−$12.9m−750.0K
ATKRAtkore Inc.−$12.6m−165.3K
OCFCOceanfirst Financial Corp−$11.1m−613.2K
MBCMasterbrand, Inc.−$6.3m−614.4K
AMBPArdagh Metal Packaging S.a.−$5.4m−1.14M
COMPCompass, Inc.−$452,659−36.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PFSIPennymac Financial Services, Inc.$16.4m187.5K
KVUEKenvue$12.9m750.0K
OCFCOceanfirst Financial Corp$11.1m613.2K
  • Real Estate57.2%
  • Financials13.7%
  • Materials13.4%
  • Industrials13.0%
  • Energy1.6%
  • Technology1.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+10.4%+14.1%0.430.78−55.5%1.28
2018 onwardsJanuary 5, 2018 to November 2, 2026+9.2%+13.9%0.350.66−55.5%1.29
Last three yearsNovember 3, 2023 to November 2, 2026+19.9%+21.8%0.681.16−40.5%0.82
Last yearNovember 7, 2025 to November 2, 2026+56.5%+14.2%2.120.84−14.5%0.18

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.