Glendon Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Glendon Capital Management LP disclosed 25 US equity positions worth $1.7bn in its Q4 2025 13F filing. The largest position was FYBR at 47.4% of the reported book, followed by EXE and NRG. Against the Q3 2025 filing, it opened 3 new positions, added to 1 and reduced 7 among the top 25 holdings.
What did Glendon Capital Management LP own in Q4 2025? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | FYBR FRONTIER COMMUNICATIONS PARE | 47.4% | $796.3m | 20,916,439 | -13% | reduced | |
| 2 | EXE EXPAND ENERGY CORPORATION | Energy | 13.2% | $221.5m | 2,008,514 | -6% | reduced |
| 3 | NRG NRG ENERGY INC | Utilities | 6.0% | $100.4m | 630,351 | 0% | held |
| 4 | TLN TALEN ENERGY CORP | Utilities | 5.9% | $99.3m | 264,942 | 0% | held |
| 5 | VST VISTRA CORP | Utilities | 5.7% | $95.4m | 591,059 | -10% | reduced |
| 6 | ALLY ALLY FINL INC | Financial Services | 5.6% | $94.3m | 2,083,219 | -11% | reduced |
| 7 | DBD DIEBOLD NIXDORF INC | Technology | 3.2% | $53.5m | 787,312 | -33% | reduced |
| 8 | ACT ENACT HLDGS INC | Financial Services | 3.1% | $51.5m | 1,298,718 | 0% | held |
| 9 | GASS STEALTHGAS INC | Industrials | 2.0% | $33.3m | 4,739,902 | -3% | reduced |
| 10 | AFRM AFFIRM HLDGS INC | Financial Services | 1.8% | $31.0m | 417,100 | 0% | held |
| 11 | WSBC WESBANCO INC | Financial Services | 1.8% | $30.2m | 909,091 | 0% | held |
| 12 | CHRD CHORD ENERGY CORPORATION | Energy | 1.6% | $27.6m | 297,550 | 0% | held |
| 13 | CNK CINEMARK HLDGS INC | Communication Services | 0.7% | $12.1m | 519,125 | – | new |
| 14 | BBT BEACON FINANCIAL CORP | Financial Services | 0.6% | $10.1m | 381,184 | 121% | added |
| 15 | NCMI NATIONAL CINEMEDIA INC | 0.4% | $6.5m | 1,678,903 | 0% | held | |
| 16 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 0.4% | $6.5m | 1,158,162 | -10% | reduced |
| 17 | NATL NCR ATLEOS CORPORATION | Technology | 0.3% | $5.5m | 143,500 | 0% | held |
| 18 | SERVICE PPTYS TR | 0.1% | $1.3m | 692,346 | 0% | held | |
| 19 | COOK TRAEGER INC | 0.1% | $1.1m | 1,020,960 | 0% | held | |
| 20 | AFRM AFFIRM HLDGS INC | 0.1% | $1.0m | 1,074,000 | 0% | held | |
| 21 | EXPAND ENERGY CORPORATION | 0.1% | $929.6k | 9,329 | – | new | |
| 22 | SKIN THE BEAUTY HEALTH COMPANY | Consumer Defensive | 0.1% | $885.4k | 636,954 | 0% | held |
| 23 | DEC DIVERSIFIED ENERGY CO | 0.0% | $246.3k | 17,009 | – | new | |
| 24 | VALARIS LTD | 0.0% | $33.2k | 658 | 0% | held | |
| 25 | EPR PPTYS | 0.0% | $22.2k | 1,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.