Oaktree Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Oaktree Capital Management LP disclosed 166 US equity positions worth $6.2bn in its Q4 2025 13F filing. The largest position was EXE at 9.1% of the reported book, followed by TRMD and AU. Against the Q3 2025 filing, it opened 3 new positions, added to 17 and reduced 17 among the top 50 holdings.
What did Oaktree Capital Management LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | EXE EXPAND ENERGY CORP | Energy | 9.1% | $558.7m | 5,062,363 | 0% | held |
| 2 | TRMD TORM PLC | Energy | 8.5% | $527.3m | 26,425,059 | -35% | reduced |
| 3 | AU ANGLOGOLD ASHANTI PLC | Basic Materials | 5.3% | $328.2m | 3,847,991 | -8% | reduced |
| 4 | GTX GARRETT MOTION INC | Consumer Cyclical | 4.8% | $298.0m | 17,094,816 | -46% | reduced |
| 5 | Indivior Pharmaceuticals Inc | 4.1% | $255.1m | 7,108,644 | -97% | reduced | |
| 6 | VNOM VIPER ENERGY INC | Energy | 3.9% | $242.8m | 6,285,062 | 0% | held |
| 7 | TDS TELEPHONE AND DATA SYSTEMS INC | Communication Services | 2.5% | $151.2m | 3,688,386 | 0% | held |
| 8 | B BARRICK MINING CORP | Basic Materials | 2.1% | $129.6m | 2,975,118 | -10% | reduced |
| 9 | TLN TALEN ENERGY CORP | Utilities | 2.0% | $124.1m | 331,117 | 14% | added |
| 10 | CORZ CORE SCIENTIFIC INC | Technology | 2.0% | $121.6m | 8,350,708 | 30% | added |
| 11 | NOK NOKIA OYJ | 2.0% | $121.3m | 18,752,229 | 0% | held | |
| 12 | FTAI AVIATION LTD | 1.7% | $101.8m | 517,328 | -12% | reduced | |
| 13 | ITUB ITAU UNIBANCO HOLDING SA | Financial Services | 1.6% | $99.0m | 13,822,747 | 9% | added |
| 14 | LBTYB LIBERTY GLOBAL LTD | 1.5% | $95.3m | 8,551,191 | 0% | held | |
| 15 | CBL CBL & ASSOCIATES PROPERTIES INC | Real Estate | 1.5% | $93.2m | 2,517,576 | -16% | reduced |
| 16 | RIOT PLATFORMS INC | 1.5% | $92.9m | 81,960,000 | – | new | |
| 17 | JBLU JETBLUE AIRWAYS CORP | 1.4% | $89.0m | 90,530,000 | 33% | added | |
| 18 | GRUPO AEROMEXICO SAB DE CV | 1.3% | $82.9m | 3,776,986 | – | new | |
| 19 | TAC TRANSALTA CORP | Utilities | 1.3% | $81.2m | 6,415,253 | 0% | held |
| 20 | STKL SUNOPTA INC | 1.3% | $78.9m | 20,726,126 | 0% | held | |
| 21 | NU NU HOLDINGS LTD/CAYMAN ISLANDS | Financial Services | 1.2% | $75.0m | 4,479,175 | -1% | reduced |
| 22 | FCX FREEPORT-MCMORAN INC | Basic Materials | 1.1% | $70.6m | 1,390,053 | -8% | reduced |
| 23 | KRC KILROY REALTY CORP | Real Estate | 1.1% | $69.1m | 1,850,011 | 0% | held |
| 24 | CX CEMEX SAB DE CV | Basic Materials | 1.1% | $66.1m | 5,749,324 | -45% | reduced |
| 25 | RWAY RUNWAY GROWTH FINANCE CORP | 1.0% | $62.8m | 7,029,667 | -15% | reduced | |
| 26 | ECHOSTAR CORP | 1.0% | $60.2m | 18,000,000 | – | new | |
| 27 | CABLE ONE INC | 0.9% | $58.1m | 58,874,000 | 0% | held | |
| 28 | BLCO BAUSCH LOMB CORP | 0.9% | $57.8m | 3,382,739 | 4% | added | |
| 29 | GRAB HOLDINGS LTD | 0.9% | $55.9m | 11,207,699 | -7% | reduced | |
| 30 | XP XP INC | Financial Services | 0.9% | $54.4m | 3,320,159 | 63% | added |
| 31 | AIRBNB INC | 0.8% | $50.2m | 50,633,000 | 29% | added | |
| 32 | ETSY ETSY INC | 0.7% | $44.9m | 50,165,000 | 28% | added | |
| 33 | LIBERTY LATIN AMERICA LTD | 0.7% | $42.9m | 5,748,780 | -14% | reduced | |
| 34 | ECVT ECOVYST INC | Basic Materials | 0.7% | $41.4m | 4,254,503 | 49% | added |
| 35 | BIOMARIN PHARMACEUTICAL INC | 0.7% | $40.5m | 42,118,000 | 114% | added | |
| 36 | AMPHASTAR PHARMACEUTICALS INC | 0.7% | $40.4m | 43,578,000 | 144% | added | |
| 37 | AD ARRAY DIGITAL INFRASTRUCTURE INC | Communication Services | 0.6% | $38.8m | 724,444 | 0% | held |
| 38 | CNMD CONMED CORP | 0.6% | $38.7m | 40,324,000 | -0% | held | |
| 39 | MARRIOTT VACATIONS WORLDWIDE CORP | 0.6% | $38.5m | 40,370,000 | 13% | added | |
| 40 | PEBBLEBROOK HOTEL TRUST | 0.6% | $38.4m | 39,706,000 | 52% | added | |
| 41 | VIST VISTA ENERGY SAB DE CV | Energy | 0.6% | $38.1m | 782,250 | -58% | reduced |
| 42 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 0.6% | $37.8m | 3,519,764 | -7% | reduced |
| 43 | SE SEA LTD | 0.6% | $37.8m | 38,855,000 | 5% | added | |
| 44 | SBLK STAR BULK CARRIERS CORP | Industrials | 0.6% | $37.7m | 1,962,892 | 0% | held |
| 45 | TDOC TELADOC HEALTH INC | 0.6% | $36.7m | 38,479,000 | -5% | reduced | |
| 46 | ENPHASE ENERGY INC | 0.5% | $33.4m | 38,178,000 | 33% | added | |
| 47 | CRACKER BARREL OLD COUNTRY STORE INC | 0.5% | $32.2m | 33,101,000 | 34% | added | |
| 48 | CRC CALIFORNIA RESOURCES CORP | Energy | 0.5% | $31.1m | 694,502 | 0% | held |
| 49 | BZ KANZHUN LTD | Communication Services | 0.5% | $31.0m | 1,523,231 | -7% | reduced |
| 50 | ARRY ARRAY TECHNOLOGIES INC | 0.5% | $30.3m | 33,284,000 | 35% | added |
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.