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Funds (13F)

Oaktree Capital Management LP

Backtest from 12 Jul 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+15.1%
S&P 500 +13.9%
Last 12 months
+25.1%
S&P 500 +12.1%
Sharpe ratio
0.62
S&P 500 0.77
Biggest drop
−49.3%
S&P 500 −31.8%
$5.0k$10.0k$20.0k$40.0k 2013201520172019202120232025 $64.9k$56.5k
StrategyS&P 500 $10,000 in Oaktree Capital Management LP from 12 Jul 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Oaktree Capital Management LP's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Oaktree Capital Management LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+15.1%+13.9%
Total return+549%+465%
Last 12 months+25.1%+12.1%
Last 3 months+2.5%—
Last month−3.2%—
This year so far+18.7%—
Volatility a year23.9%15.9%
Sharpe ratio0.620.77
Biggest drop−49.3%−31.8%
Beta to the S&P 5000.991.00
Alpha a year (t-statistic)+2.8% (0.56)—
Share of weeks up57%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
TRMD15.4%——
EXE14.0%——
GTX8.1%——
AU7.5%——
INDV7.4%——
TDS5.7%——
VNOM4.7%——
CORZ3.8%——
TLN3.7%——
B3.5%——
OCSL2.8%——
FCX2.2%——
AERO2.1%——
KRC2.0%——
SE1.8%——
BLCO1.7%——
VSAT1.7%——
MMYT1.5%——
MATW1.5%——
XP1.5%——
TAC1.2%——
RWAY1.2%——
EMBJ0.8%——
AD0.7%——
SHAZ0.7%——
QMCO0.7%——
SMPL0.5%——
SGRY0.4%——
MINE0.3%——
SMRT0.3%——
MX0.2%——
LILA0.2%——
BATL0.1%——
DPC0.1%——
NNBR0.1%——
ALVO0.0%——
OPI0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest12 Jul 2013 to 2 Nov 2026+15.1%+13.9%0.620.77−49.3%0.99+2.8% (0.56)
2018 onwards5 Jan 2018 to 2 Nov 2026+20.4%+13.9%0.760.66−41.2%0.92+7.9% (1.30)
Last three years3 Nov 2023 to 2 Nov 2026+19.9%+21.8%0.801.16−27.3%0.73+3.8% (0.39)
Last year7 Nov 2025 to 2 Nov 2026+22.2%+14.2%1.030.84−12.5%0.58+11.6% (0.74)
DateCompanyAction
21 Aug 2026VSATBought
21 Aug 2026SGRYBought
21 Aug 2026SEBought
21 Aug 2026QMCOBought
21 Aug 2026OPIBought
21 Aug 2026NNBRBought
21 Aug 2026MMYTBought
21 Aug 2026MATWBought
21 Aug 2026DPCBought
22 May 2026SMPLBought
22 May 2026SHAZBought
22 May 2026PDDBought
22 May 2026PBRBought
22 May 2026NRGBought
22 May 2026MINEBought
22 May 2026INDVBought
22 May 2026EMBJBought
22 May 2026CRDOBought
20 Feb 2026ONITBought
20 Feb 2026AEROBought
14 Nov 2025XPBought
14 Nov 2025VNOMBought
14 Nov 2025TDSBought
14 Nov 2025NUBought
14 Nov 2025NBRBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026PDDSold
21 Aug 2026PBRSold
21 Aug 2026OPTUSold
21 Aug 2026NRGSold
21 Aug 2026HDBSold
21 Aug 2026ECVTSold
21 Aug 2026CRDOSold
21 Aug 2026CBLSold
22 May 2026YMMSold
22 May 2026VALESold
22 May 2026SBLKSold
22 May 2026ONITSold
22 May 2026NUSold
22 May 2026GRABSold
22 May 2026FTAISold
22 May 2026CRCSold
22 May 2026BZSold
22 May 2026BHCSold
20 Feb 2026SESold
20 Feb 2026NBRSold
20 Feb 2026LGNSold
20 Feb 2026JBSSold
20 Feb 2026ECHOSold
20 Feb 2026ACRSold
14 Nov 2025HDSNSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest