Oaktree Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Oaktree Capital Management LP disclosed 159 US equity positions worth $6.0bn in its Q3 2025 13F filing. The largest position was TRMD at 13.9% of the reported book, followed by EXE and GTX. Against the Q2 2025 filing, it opened 10 new positions, added to 22 and reduced 12 among the top 50 holdings.
What did Oaktree Capital Management LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TRMD TORM PLC | Energy | 13.9% | $834.6m | 40,581,120 | 0% | held |
| 2 | EXE EXPAND ENERGY CORP | Energy | 9.0% | $537.8m | 5,062,363 | -0% | held |
| 3 | GTX GARRETT MOTION INC | Consumer Cyclical | 7.2% | $434.4m | 31,894,816 | -14% | reduced |
| 4 | AU ANGLOGOLD ASHANTI PLC | Basic Materials | 4.9% | $294.3m | 4,185,261 | -15% | reduced |
| 5 | VNOM VIPER ENERGY INC | Energy | 4.0% | $240.2m | 6,285,062 | – | new |
| 6 | TDS TELEPHONE AND DATA SYSTEMS INC | Communication Services | 2.4% | $144.7m | 3,688,386 | – | new |
| 7 | TLN TALEN ENERGY CORP | Utilities | 2.1% | $123.8m | 291,117 | 124% | added |
| 8 | STKL SUNOPTA INC | 2.0% | $121.4m | 20,726,126 | 0% | held | |
| 9 | CORZ CORE SCIENTIFIC INC | Technology | 1.9% | $114.8m | 6,400,708 | – | new |
| 10 | B BARRICK MINING CORP | Basic Materials | 1.8% | $108.2m | 3,302,086 | 5% | added |
| 11 | LBTYB LIBERTY GLOBAL LTD | 1.6% | $98.0m | 8,551,191 | 4% | added | |
| 12 | FTAI AVIATION LTD | 1.6% | $97.6m | 585,175 | – | new | |
| 13 | CX CEMEX SAB DE CV | Basic Materials | 1.6% | $93.9m | 10,448,824 | -30% | reduced |
| 14 | ITUB ITAU UNIBANCO HOLDING SA | Financial Services | 1.6% | $93.0m | 12,665,801 | 15% | added |
| 15 | CBL CBL & ASSOCIATES PROPERTIES INC | Real Estate | 1.5% | $91.9m | 3,005,126 | 0% | held |
| 16 | NOK NOKIA OYJ | 1.5% | $90.2m | 18,752,229 | 0% | held | |
| 17 | TAC TRANSALTA CORP | Utilities | 1.5% | $87.6m | 6,415,253 | 5% | added |
| 18 | RWAY RUNWAY GROWTH FINANCE CORP | 1.4% | $84.1m | 8,279,667 | -15% | reduced | |
| 19 | KRC KILROY REALTY CORP | Real Estate | 1.3% | $78.2m | 1,850,011 | 0% | held |
| 20 | GRAB HOLDINGS LTD | 1.2% | $72.8m | 12,094,495 | 5% | added | |
| 21 | NU NU HOLDINGS LTD/CAYMAN ISLANDS | Financial Services | 1.2% | $72.3m | 4,518,884 | – | new |
| 22 | JBLU JETBLUE AIRWAYS CORP | 1.1% | $66.6m | 68,263,000 | 14% | added | |
| 23 | VIST VISTA ENERGY SAB DE CV | Energy | 1.1% | $63.3m | 1,841,319 | -11% | reduced |
| 24 | FCX FREEPORT-MCMORAN INC | Basic Materials | 1.0% | $59.0m | 1,504,865 | -25% | reduced |
| 25 | CABLE ONE INC | 1.0% | $57.4m | 58,746,000 | 13% | added | |
| 26 | LIBERTY LATIN AMERICA LTD | 0.9% | $56.3m | 6,669,823 | 186% | added | |
| 27 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 0.8% | $49.3m | 3,797,697 | 106% | added |
| 28 | BLCO BAUSCH LOMB CORP | 0.8% | $48.9m | 3,245,439 | 29% | added | |
| 29 | ECHO ECHOSTAR CORP | Communication Services | 0.8% | $45.8m | 600,000 | – | new |
| 30 | CNMD CONMED CORP | 0.6% | $38.6m | 40,513,000 | 46% | added | |
| 31 | AIRBNB INC | 0.6% | $38.6m | 39,353,000 | 8% | added | |
| 32 | BZ KANZHUN LTD | Communication Services | 0.6% | $38.4m | 1,643,572 | 5% | added |
| 33 | XP XP INC | Financial Services | 0.6% | $38.2m | 2,032,877 | – | new |
| 34 | TDOC TELADOC HEALTH INC | 0.6% | $38.2m | 40,638,000 | 34% | added | |
| 35 | CRC CALIFORNIA RESOURCES CORP | Energy | 0.6% | $36.9m | 694,502 | -50% | reduced |
| 36 | SBLK STAR BULK CARRIERS CORP | Industrials | 0.6% | $36.5m | 1,962,892 | -39% | reduced |
| 37 | AD ARRAY DIGITAL INFRASTRUCTURE INC | Communication Services | 0.6% | $36.2m | 724,444 | – | new |
| 38 | SE SEA LTD | 0.6% | $35.6m | 37,028,000 | 23% | added | |
| 39 | ETSY ETSY INC | 0.6% | $34.8m | 39,330,000 | 24% | added | |
| 40 | MARRIOTT VACATIONS WORLDWIDE CORP | 0.6% | $34.2m | 35,832,000 | 39% | added | |
| 41 | TX TERNIUM SA | Basic Materials | 0.5% | $31.2m | 897,509 | -2% | reduced |
| 42 | SRPT SAREPTA THERAPEUTICS INC | 0.5% | $30.8m | 34,930,000 | 610% | added | |
| 43 | NBR NABORS INDUSTRIES LTD | Energy | 0.5% | $30.1m | 737,112 | – | new |
| 44 | SUMMIT HOTEL PROPERTIES INC | 0.5% | $29.0m | 29,441,000 | -3% | reduced | |
| 45 | PEBBLEBROOK HOTEL TRUST | 0.4% | $25.9m | 26,176,000 | -58% | reduced | |
| 46 | JD.COM INC | 0.4% | $25.7m | 23,821,000 | 93% | added | |
| 47 | SE SEA LTD | Consumer Cyclical | 0.4% | $25.3m | 141,368 | 69% | added |
| 48 | ECVT ECOVYST INC | Basic Materials | 0.4% | $25.0m | 2,859,022 | – | new |
| 49 | ENPHASE ENERGY INC | 0.4% | $24.9m | 28,622,000 | 94% | added | |
| 50 | ALRM ALARM.COM HOLDINGS INC | 0.4% | $24.5m | 24,757,000 | -1% | reduced |
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.