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Asset manager

Oaktree Capital Management LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 949509

Reported value
$3.8bn
90% in companies we cover
Positions we cover
37
Largest TRMD 13.9%
Copy, a year
+15.1%
S&P 500 +13.9%
Copy Sharpe ratio
0.62
S&P 500 0.77

How copying its 13F would have done

$5.0k$10.0k$20.0k$40.0k 2013201520172019202120232025 $64.9k$56.5k
CopyS&P 500 $10,000 copying Oaktree Capital Management LP's filed holdings in companies we cover from July 12, 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 −49.3% (S&P 500 −31.8%); beta 0.99; alpha +2.8% a year (t = 0.56); last 12 months +25.1% against +12.1%.

Reported value by quarter

Oaktree Capital Management LP: 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 $5T $10T Reported value, 2013-03-31: $1.9B Reported value, 2013-06-30: $2B Reported value, 2013-09-30: $2.1B Reported value, 2013-12-31: $2.5B Reported value, 2014-03-31: $2.6B Reported value, 2014-06-30: $2.8B Reported value, 2014-09-30: $3.2B Reported value, 2014-12-31: $6.1B Reported value, 2015-03-31: $6.2B Reported value, 2015-06-30: $5.3B Reported value, 2015-09-30: $4.3B Reported value, 2015-12-31: $4.2B Reported value, 2016-03-31: $2.4B Reported value, 2016-06-30: $2.5B Reported value, 2016-09-30: $3.7B Reported value, 2016-12-31: $3.6B Reported value, 2017-03-31: $3.7B Reported value, 2017-06-30: $3.8B Reported value, 2017-09-30: $4.2B Reported value, 2017-12-31: $4B Reported value, 2018-03-31: $4B Reported value, 2018-06-30: $4.9B Reported value, 2018-09-30: $4B Reported value, 2018-12-31: $7B Reported value, 2019-03-31: $3.6B Reported value, 2019-06-30: $3.8B Reported value, 2019-09-30: $3.4M Reported value, 2019-12-31: $3.8M Reported value, 2020-03-31: $4.2M Reported value, 2020-06-30: $5.3M Reported value, 2020-09-30: $11.8M Reported value, 2020-12-31: $4.7B Reported value, 2021-03-31: $6B Reported value, 2021-06-30: $6.3B Reported value, 2021-09-30: $5.7B Reported value, 2021-12-31: $7.6B Reported value, 2022-03-31: $8.4B Reported value, 2022-06-30: $7.5B Reported value, 2022-09-30: $7.9B Reported value, 2022-12-31: $8.1T Reported value, 2023-03-31: $7.8B Reported value, 2023-06-30: $6.4B Reported value, 2023-09-30: $5.7B Reported value, 2023-12-31: $5.4B Reported value, 2024-03-31: $5.7B Reported value, 2024-06-30: $5.2B Reported value, 2024-09-30: $5.3B Reported value, 2024-12-31: $4.5B Reported value, 2025-03-31: $4B Reported value, 2025-06-30: $3.9B Reported value, 2025-09-30: $4.7B Reported value, 2025-12-31: $4.5B Reported value, 2026-03-31: $4.3B Reported value, 2026-06-30: $3.8B 2013-03-31 2015-12-31 2018-09-30 2021-06-30 2024-03-31 2026-06-30 $3.8B
View chart data
Period Reported value
2013-03-31 $1.9B
2013-06-30 $2B
2013-09-30 $2.1B
2013-12-31 $2.5B
2014-03-31 $2.6B
2014-06-30 $2.8B
2014-09-30 $3.2B
2014-12-31 $6.1B
2015-03-31 $6.2B
2015-06-30 $5.3B
2015-09-30 $4.3B
2015-12-31 $4.2B
2016-03-31 $2.4B
2016-06-30 $2.5B
2016-09-30 $3.7B
2016-12-31 $3.6B
2017-03-31 $3.7B
2017-06-30 $3.8B
2017-09-30 $4.2B
2017-12-31 $4B
2018-03-31 $4B
2018-06-30 $4.9B
2018-09-30 $4B
2018-12-31 $7B
2019-03-31 $3.6B
2019-06-30 $3.8B
2019-09-30 $3.4M
2019-12-31 $3.8M
2020-03-31 $4.2M
2020-06-30 $5.3M
2020-09-30 $11.8M
2020-12-31 $4.7B
2021-03-31 $6B
2021-06-30 $6.3B
2021-09-30 $5.7B
2021-12-31 $7.6B
2022-03-31 $8.4B
2022-06-30 $7.5B
2022-09-30 $7.9B
2022-12-31 $8.1T
2023-03-31 $7.8B
2023-06-30 $6.4B
2023-09-30 $5.7B
2023-12-31 $5.4B
2024-03-31 $5.7B
2024-06-30 $5.2B
2024-09-30 $5.3B
2024-12-31 $4.5B
2025-03-31 $4B
2025-06-30 $3.9B
2025-09-30 $4.7B
2025-12-31 $4.5B
2026-03-31 $4.3B
2026-06-30 $3.8B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
TRMDTorm plc13.87%$524.3m20.33M−14.7% Reduced
EXEExpand Energy12.64%$477.6m5.24M0.0%
GTXGarrett Motion Inc.7.28%$275.2m7.59M−48.0% Reduced
AUAnglogold Ashanti PLC6.81%$257.2m3.18M−1.4% Reduced
INDVIndivior Pharmaceuticals, Inc.6.65%$251.4m6.13M−12.3% Reduced
TDSTelephone & Data Systems Inc5.17%$195.5m5.28M+23.1% Added
VNOMViper Energy, Inc.4.25%$160.8m3.79M0.0%
CORZCore Scientific, Inc.3.38%$127.8m4.99M−46.6% Reduced
TLNTalen Energy Corp3.37%$127.2m331.1K0.0%
BBarrick Mining Corp3.12%$117.8m3.21M+22.1% Added
OCSLOaktree Specialty Lending Corp2.49%$94.0m7.87M+325.0% Added
FCXFreeport-McMoRan2.00%$75.5m1.20M−1.6% Reduced
AEROGrupo Aeromexico, S.a.b. De C.v.1.89%$71.4m3.97M0.0%
KRCKilroy Realty Corp1.83%$69.3m1.85M0.0%
SESea Ltd1.61%$60.9m635.4KNew
BLCOBausch & Lomb Corp1.51%$57.0m3.44M+1.7% Added
VSATViasat Inc1.50%$56.6m630.3KNew
MMYTMakemytrip Ltd1.39%$52.4m983.1KNew
MATWMatthews International Corp1.37%$51.8m1.93MNew
XPXP Inc.1.34%$50.7m3.12M−1.7% Reduced
TACTransalta Corp1.10%$41.5m3.00M−53.2% Reduced
RWAYRunway Growth Finance Corp.1.04%$39.4m7.03M0.0%
EMBJEmbraer S.a.0.74%$28.1m439.7K−1.8% Reduced
ADArray Digital Infrastructure, Inc.0.67%$25.3m696.9K−3.8% Reduced
SHAZSharonai Holdings Inc.0.65%$24.5m289.5K−71.1% Reduced
QMCOQuantum Corp0.59%$22.1m2.01MNew
SMPLSimply Good Foods Co0.42%$16.0m1.20M+6.6% Added
SGRYSurgery Partners, Inc.0.38%$14.5m862.6KNew
MINEMayfair Gold Corp.0.29%$11.1m4.50M0.0%
SMRTSmartrent, Inc.0.24%$8.9m7.51M0.0%
MXMagnachip Semiconductor Corp0.19%$7.1m1.50M−47.4% Reduced
LILALiberty Latin America Ltd.0.17%$6.6m839.0K0.0%
BATLBattalion OIL Corp0.10%$3.9m3.01M0.0%
DPCDPC Holdings PLC0.10%$3.7m75.0KNew
NNBRNN Inc0.05%$1.8m510.9KNew
ALVOAlvotech0.01%$361,55398.0K−59.2% Reduced
OPIOffice Properties Income Trust0.01%$184,46710.9KNew
CompanyBought (value)Shares
OCSLOaktree Specialty Lending Corp$71.9m6.02M
SESea Ltd$60.9m635.4K
VSATViasat Inc$56.6m630.3K
MMYTMakemytrip Ltd$52.4m983.1K
MATWMatthews International Corp$51.8m1.93M
TDSTelephone & Data Systems Inc$36.7m990.7K
QMCOQuantum Corp$22.1m2.01M
BBarrick Mining Corp$21.3m581.2K
SGRYSurgery Partners, Inc.$14.5m862.6K
DPCDPC Holdings PLC$3.7m75.0K
NNBRNN Inc$1.8m510.9K
SMPLSimply Good Foods Co$996,00075.0K
BLCOBausch & Lomb Corp$965,49858.3K
OPIOffice Properties Income Trust$184,46710.9K

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

CompanySold (value)Shares
GTXGarrett Motion Inc.−$253.6m−7.00M
PBRPetrobras - Petroleo Brasileiro SA−$126.4m−6.09M
CORZCore Scientific, Inc.−$111.5m−4.36M
TRMDTorm plc−$90.5m−3.51M
CBLCBL & Associates Properties Inc−$82.8m−2.15M
SHAZSharonai Holdings Inc.−$60.2m−710.5K
CRDOCredo Technology Group Holding Ltd−$50.6m−539.0K
TACTransalta Corp−$47.2m−3.42M
INDVIndivior Pharmaceuticals, Inc.−$35.2m−856.9K
ECVTEcovyst Inc.−$30.8m−2.39M
OPTUOptimum Communications, Inc.−$9.5m−7.33M
NRGNRG Energy−$7.2m−49.0K
MXMagnachip Semiconductor Corp−$6.4m−1.35M
AUAnglogold Ashanti PLC−$3.6m−44.0K
HDBHdfc Bank LTD−$2.8m−114.3K

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

CompanyValue last quarterShares
PBRPetrobras - Petroleo Brasileiro SA$126.4m6.09M
CBLCBL & Associates Properties Inc$82.8m2.15M
CRDOCredo Technology Group Holding Ltd$50.6m539.0K
ECVTEcovyst Inc.$30.8m2.39M
OPTUOptimum Communications, Inc.$9.5m7.33M
NRGNRG Energy$7.2m49.0K
HDBHdfc Bank LTD$2.8m114.3K
PDDPDD Holdings Inc.$492,8144.8K
  • Energy34.2%
  • Materials13.5%
  • Consumer Discretionary9.6%
  • Health Care9.5%
  • Communication Services8.5%
  • Technology7.2%
  • Financials5.4%
  • Utilities4.9%
  • Industrials4.6%
  • Real Estate2.0%
  • Consumer Staples0.5%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestJuly 12, 2013 to November 2, 2026+15.1%+13.9%0.620.77−49.3%0.99
2018 onwardsJanuary 5, 2018 to November 2, 2026+20.4%+13.9%0.760.66−41.2%0.92
Last three yearsNovember 3, 2023 to November 2, 2026+19.9%+21.8%0.801.16−27.3%0.73
Last yearNovember 7, 2025 to November 2, 2026+22.2%+14.2%1.030.84−12.5%0.58

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.