OAKTREE CAPITAL MANAGEMENT LP
Distressed-debt pioneer famous for his widely-read investor memos.
13F Reported Value
ⓘ$6.3B
incl. option notional
Equity Holdings
ⓘ$5.6B
Option Notional
ⓘ$651.3M
$551.1M puts / $100.2M calls
Holdings
142
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
OAKTREE CAPITAL MANAGEMENT LP disclosed 142 positions worth $6.3B in its Form 13F-HR for Q1 2026 — $5.6B in common stock plus $651.3M of put/call option positions (reported at underlying notional value, not premium at risk), led by $TRMD (TORM plc) at 12.0% of the equity portfolio, followed by $EXE and $QQQ. During the quarter the fund opened 26 new positions and exited 52 — including a new stake in $QQQ. The portfolio is most concentrated in Industrials (23.0% of disclosed assets). All figures are sourced directly from OAKTREE CAPITAL MANAGEMENT LP’s Form 13F-HR filing with the SEC under CIK 949509.
AI Fund Analysis
Concentrating
$TRMD
$EXE
$AU
$GTX
$STKL
$JBLU
$ETSY
$SE
$ENPHSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$675.1M23,839,575 sh - 83.9#14
Quality
$575.0M5,237,477 sh - $329.0M570,000 sh
- —
Quality
$313.8M3,223,092 sh - 59.6
Quality
$265.2M14,594,816 sh STATE STREET SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF PUT
—Quality
$181.8M1,000,000 sh- 42.2
Quality
$180.7M4,292,243 sh - —
Quality
$178.2M3,791,432 sh - 14.0
Quality
$139.9M9,400,708 sh - 53.6
Quality
$134.2M20,726,126 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| TORM plc$TRMD | — | $675.1M | 23,839,575 |
| EXPAND ENERGY Corp$EXE | 83.9#14 | $575.0M | 5,237,477 |
 INVESCO QQQ TRUST, SERIES 1$QQQPUT | — | $329.0M | 570,000 |
| AngloGold Ashanti PLC$AU | — | $313.8M | 3,223,092 |
| Garrett Motion Inc.$GTX | 59.6 | $265.2M | 14,594,816 |
| STATE STREET SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF PUT | — | $181.8M | 1,000,000 |
 TELEPHONE & DATA SYSTEMS INC /DE/$TDS | 42.2 | $180.7M | 4,292,243 |
 Viper Energy, Inc.$VNOM | — | $178.2M | 3,791,432 |
 Core Scientific, Inc./tx$CORZ | 14.0 | $139.9M | 9,400,708 |
| SunOpta Inc.$STKL | 53.6 | $134.2M | 20,726,126 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of OAKTREE CAPITAL MANAGEMENT LP's 142 positions.
Showing top 10 of 142 holdings.
Sector Allocation
Industrials
$1.3B
Energy
$949.1M
Technology
$621.5M
Materials
$552.6M
Communication Services
$523.6M
Financials
$508.8M
Healthcare
$293.4M
Other
$227.8M
Full Holdings — OAKTREE CAPITAL MANAGEMENT LP (Q1 2026)
All 142 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $TRMD | TORM plc | $675.1M | 12.0% | -10% | — |
| 2 | $EXE | EXPAND ENERGY Corp | $575.0M | 10.2% | +3% | 83.9 |
| 3 | $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $329.0M | — | NEW | — |
| 4 | $AU | AngloGold Ashanti PLC | $313.8M | 5.6% | -16% | — |
| 5 | $GTX | Garrett Motion Inc. | $265.2M | 4.7% | -15% | 59.6 |
| 6 | — | STATE STREET SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF | $181.8M | — | NEW | — |
| 7 | $TDS | TELEPHONE & DATA SYSTEMS INC /DE/ | $180.7M | 3.2% | +16% | 42.2 |
| 8 | $VNOM | Viper Energy, Inc. | $178.2M | 3.2% | -40% | — |
| 9 | $CORZ | Core Scientific, Inc./tx | $139.9M | 2.5% | +13% | 14 |
| 10 | $STKL | SunOpta Inc. | $134.2M | 2.4% | +0% | 53.6 |
| 11 |  $PBR | PETROBRAS - PETROLEO BRASILEIRO SA | $126.4M | 2.2% | NEW | — |
| 12 |  $B | BARRICK MINING CORP | $107.1M | 1.9% | -12% | — |
| 13 |  $TLN | Talen Energy Corp | $105.7M | 1.9% | +0% | 66.5 |
| 14 |  $LBTYA | Liberty Global Ltd. | $103.4M | 1.8% | +0% | — |
| 15 |  $ITUB | Itau Unibanco Holding S.A. | $102.1M | 1.8% | -12% | — |
| 16 | $JBLU | JETBLUE AIRWAYS CORP | $94.8M | 1.7% | +5% | 37.6 |
| 17 |  $RIOT | Riot Platforms, Inc. | $91.8M | 1.6% | -3% | 51.3 |
| 18 |  $NOK | NOKIA CORP | $90.1M | 1.6% | -40% | — |
| 19 |  $TAC | TRANSALTA CORP | $84.1M | 1.5% | +0% | — |
| 20 |  $CBL | CBL & ASSOCIATES PROPERTIES INC | $82.8M | 1.5% | -14% | 53.8 |
| 21 |  $FCX | FREEPORT-MCMORAN INC | $71.7M | 1.3% | -12% | 73.1 |
| 22 |  $ECHO | EchoStar CORP | $64.3M | 1.1% | +0% | 29.5 |
| 23 |  $XP | XP Inc. | $60.4M | 1.1% | -4% | — |
| 24 |  $PEB | Pebblebrook Hotel Trust | $56.4M | 1.0% | +45% | 45.3 |
| 25 | — | AMERICAN WATER CAPITAL CORP | $55.8M | 1.0% | +1532% | — |
| 26 |  $AERO | Grupo Aeromexico, S.A.B. de C.V. | $55.6M | 1.0% | +5% | — |
| 27 | $ETSY | ETSY INC | $54.8M | 1.0% | +22% | 50.4 |
| 28 |  $BMRN | BIOMARIN PHARMACEUTICAL INC | $54.0M | 1.0% | +33% | 74.1 |
| 29 |  $BLCO | Bausch & Lomb Corp | $53.8M | 0.9% | +0% | 43.4 |
| 30 | $CORZCALL | Core Scientific, Inc./tx | $52.4M | — | +75% | 14 |
| 31 |  $COIN | Coinbase Global, Inc. | $52.2M | 0.9% | NEW | 68 |
| 32 |  $KRC | KILROY REALTY CORP | $52.2M | 0.9% | +0% | 67.8 |
| 33 |  $LILA | Liberty Latin America Ltd. | $50.7M | 0.9% | +0% | — |
| 34 | $ENPH | Enphase Energy, Inc. | $50.6M | 0.9% | +48% | 44.1 |
| 35 |  $CRDO | Credo Technology Group Holding Ltd | $50.6M | 0.9% | NEW | — |
| 36 | — | MARRIOTT VACATIONS WORLDWIDE CORP | $50.2M | 0.9% | +29% | — |
| 37 |  $RWAY | Runway Growth Finance Corp. | $48.3M | 0.9% | +0% | — |
| 38 | $TLNCALL | Talen Energy Corp | $47.9M | — | -50% | 66.5 |
| 39 | $SE | Sea Ltd | $46.9M | 0.8% | +23% | — |
| 40 |  $OKTA | Okta, Inc. | $46.7M | 0.8% | +66% | 67.3 |
| 41 |  $BSY | BENTLEY SYSTEMS INC | $44.7M | 0.8% | +598% | 70.1 |
| 42 |  $YPF | YPF SOCIEDAD ANONIMA | $41.0M | 0.7% | NEW | — |
| 43 |  $QTWO | Q2 Holdings, Inc. | $40.9M | 0.7% | NEW | 62.4 |
| 44 |  $LYBPUT | LyondellBasell Industries N.V. | $40.3M | — | NEW | — |
| 45 |  $DKNG | DraftKings Inc. | $40.0M | 0.7% | +76% | 54 |
| 46 |  $XYZ | Block, Inc. | $37.7M | 0.7% | +87% | 60.3 |
| 47 |  $DXCM | DEXCOM INC | $37.3M | 0.7% | +44% | 77.9 |
| 48 |  $PRGS | PROGRESS SOFTWARE CORP /MA | $36.1M | 0.6% | NEW | 58.2 |
| 49 |  $CNMD | CONMED Corp | $35.1M | 0.6% | -10% | 56.5 |
| 50 |  $U | Unity Software Inc. | $35.0M | 0.6% | +296% | 35.1 |
| 51 | — | AMPHASTAR PHARMACEUTICALS INC | $34.5M | 0.6% | -13% | — |
| 52 |  $AD | ARRAY DIGITAL INFRASTRUCTURE, INC. | $33.4M | 0.6% | +0% | 58.7 |
| 53 |  $TDOC | Teladoc Health, Inc. | $31.7M | 0.6% | -14% | 38.2 |
| 54 |  $CX | CEMEX SAB DE CV | $31.6M | 0.6% | -52% | — |
| 55 |  $ECVT | Ecovyst Inc. | $30.8M | 0.6% | -44% | 36.6 |
| 56 |  $ARRY | Array Technologies, Inc. | $28.2M | 0.5% | -7% | 50.3 |
| 57 |  $EMBJ | EMBRAER S.A. | $26.6M | 0.5% | NEW | — |
| 58 |  $SPB | Spectrum Brands Holdings, Inc. | $26.1M | 0.5% | -5% | 44.8 |
| 59 |  $FOUR | Shift4 Payments, Inc. | $25.7M | 0.5% | NEW | 60 |
| 60 |  $CBRL | CRACKER BARREL OLD COUNTRY STORE, INC | $25.7M | 0.5% | -21% | 45.1 |
| 61 |  $KRSP | Rice Acquisition Corp 3 | $24.7M | 0.4% | +0% | — |
| 62 |  $TX | Ternium S.A. | $23.4M | 0.4% | -11% | — |
| 63 |  $OCSL | Oaktree Specialty Lending Corp | $20.9M | 0.4% | +0% | — |
| 64 |  $FIVN | Five9, Inc. | $19.0M | 0.3% | -28% | 58.1 |
| 65 |  $TEO | TELECOM ARGENTINA SA | $19.0M | 0.3% | -31% | — |
| 66 |  $SNAP | Snap Inc | $18.7M | 0.3% | +1% | 46.8 |
| 67 |  $SMPL | Simply Good Foods Co | $16.2M | 0.3% | NEW | 42.9 |
| 68 |  $NVST | Envista Holdings Corp | $15.9M | 0.3% | -48% | 49.8 |
| 69 |  $NBR | NABORS INDUSTRIES LTD | $14.7M | 0.3% | -33% | — |
| 70 |  $SYNA | SYNAPTICS Inc | $14.3M | 0.3% | -20% | 45.3 |
| 71 |  $BXMT | BLACKSTONE MORTGAGE TRUST, INC. | $12.9M | 0.2% | +8% | — |
| 72 |  $COGT | Cogent Biosciences, Inc. | $12.5M | 0.2% | +34% | — |
| 73 |  $UPWK | UPWORK, INC | $12.3M | 0.2% | +78% | 67.4 |
| 74 |  $BATL | BATTALION OIL CORP | $11.7M | 0.2% | +0% | 31 |
| 75 |  $SMRT | SmartRent, Inc. | $11.3M | 0.2% | +0% | 17.4 |
| 76 |  $AFRM | Affirm Holdings, Inc. | $11.2M | 0.2% | +121% | 71.7 |
| 77 |  $JD | JD.com, Inc. | $11.0M | 0.2% | -43% | — |
| 78 |  $ITRI | ITRON, INC. | $10.4M | 0.2% | +19% | 64.4 |
| 79 | $XYZ | Block, Inc. | $10.3M | 0.2% | +85% | 60.3 |
| 80 |  $AVAV | AeroVironment Inc | $10.1M | 0.2% | -35% | 42.1 |
| 81 |  $MSTR | Strategy Inc | $10.1M | 0.2% | +110% | 25.4 |
| 82 |  $ZD | ZIFF DAVIS, INC. | $9.9M | 0.2% | +0% | 51.3 |
| 83 |  $PENN | PENN Entertainment, Inc. | $9.6M | 0.2% | +93% | 44.8 |
| 84 |  $OPTU | Optimum Communications, Inc. | $9.5M | 0.2% | -2% | 29.7 |
| 85 |  $CALY | Callaway Golf Co | $9.2M | 0.2% | -4% | 34.1 |
| 86 |  $LCII | LCI INDUSTRIES | $9.1M | 0.2% | -8% | 62 |
| 87 | — | REDFIN CORP | $8.8M | 0.2% | -22% | — |
| 88 |  $RGEN | REPLIGEN CORP | $8.8M | 0.2% | -8% | 54.1 |
| 89 |  $WGO | WINNEBAGO INDUSTRIES INC | $8.5M | 0.1% | -54% | 46.6 |
| 90 |  $RWT | REDWOOD TRUST INC | $8.4M | 0.1% | +11% | — |
| 91 |  $MX | MAGNACHIP SEMICONDUCTOR Corp | $8.0M | 0.1% | +0% | 20.2 |
| 92 |  $TCOM | Trip.com Group Ltd | $7.9M | 0.1% | +538% | — |
| 93 |  $NTNX | Nutanix, Inc. | $7.8M | 0.1% | +280% | 68.8 |
| 94 |  $DDOG | Datadog, Inc. | $7.5M | 0.1% | +3% | 62.9 |
| 95 | $LILA | Liberty Latin America Ltd. | $7.2M | 0.1% | +0% | — |
| 96 |  $NRG | NRG ENERGY, INC. | $7.2M | 0.1% | NEW | 59.5 |
| 97 |  $ASRT | Assertio Holdings, Inc. | $7.0M | 0.1% | +2895% | 27.2 |
| 98 |  $AKAM | AKAMAI TECHNOLOGIES INC | $6.2M | 0.1% | NEW | 62 |
| 99 |  $MGPI | MGP INGREDIENTS INC | $6.0M | 0.1% | -73% | 28.7 |
| 100 | $SNAP | Snap Inc | $5.5M | 0.1% | -55% | 46.8 |
| 101 |  $PD | PagerDuty, Inc. | $5.4M | 0.1% | NEW | 66.6 |
| 102 |  $CRNC | Cerence Inc. | $5.3M | 0.1% | -10% | 47.5 |
| 103 |  $NEO | NEOGENOMICS INC | $5.1M | 0.1% | -21% | 34.6 |
| 104 |  $GPRE | Green Plains Inc. | $5.0M | 0.1% | -35% | 32.5 |
| 105 |  $UPST | Upstart Holdings, Inc. | $4.8M | 0.1% | -32% | 51.7 |
| 106 | — | PENNYMAC MORTGAGE INVESTMENT TRUST | $4.2M | 0.1% | -64% | — |
| 107 |  $PCG | PG&E Corp | $4.1M | 0.1% | NEW | 59.3 |
| 108 |  $IVZ | Invesco Ltd. | $4.1M | 0.1% | NEW | — |
| 109 |  $SO | SOUTHERN CO | $3.7M | 0.1% | -26% | 65.1 |
| 110 |  $BAND | Bandwidth Inc. | $3.7M | 0.1% | -69% | 44.2 |
| 111 | $SNAP | Snap Inc | $3.7M | 0.1% | +0% | 46.8 |
| 112 | $ZD | ZIFF DAVIS, INC. | $3.4M | 0.1% | +0% | 51.3 |
| 113 |  $BILL | BILL Holdings, Inc. | $3.2M | 0.1% | +0% | 56.8 |
| 114 |  $JBTM | JBT MAREL Corp | $2.9M | 0.1% | NEW | 55.7 |
| 115 |  $DOCN | DigitalOcean Holdings, Inc. | $2.9M | 0.1% | +59% | 73.7 |
| 116 |  $HDB | HDFC BANK LTD | $2.8M | 0.1% | -12% | — |
| 117 |  $UBER | Uber Technologies, Inc | $2.4M | 0.0% | NEW | 79.3 |
| 118 |  $NOG | NORTHERN OIL & GAS, INC. | $2.2M | 0.0% | NEW | 45.3 |
| 119 | $COIN | Coinbase Global, Inc. | $2.2M | 0.0% | -78% | 68 |
| 120 |  $CAKE | CHEESECAKE FACTORY INC | $2.1M | 0.0% | +11% | 58.3 |
| 121 | $MSTR | Strategy Inc | $2.1M | 0.0% | +69% | 25.4 |
| 122 |  $POST | Post Holdings, Inc. | $2.1M | 0.0% | -26% | 53.8 |
| 123 | — | JAZZ PHARMACEUTICALS PLC | $2.1M | 0.0% | -86% | — |
| 124 |  $PSN | PARSONS CORP | $2.0M | 0.0% | +78% | 60.3 |
| 125 |  $LYV | Live Nation Entertainment, Inc. | $2.0M | 0.0% | -81% | 55 |
| 126 |  $SNOW | Snowflake Inc. | $1.9M | 0.0% | NEW | 49.6 |
| 127 |  $MTH | Meritage Homes CORP | $1.8M | 0.0% | NEW | — |
| 128 |  $NEE | NEXTERA ENERGY INC | $1.8M | 0.0% | +0% | 71.7 |
| 129 |  $GLAD | GLADSTONE CAPITAL CORP | $1.8M | 0.0% | +152% | — |
| 130 |  $FLR | FLUOR CORP | $1.7M | 0.0% | -85% | 66.2 |
| 131 |  $RPD | Rapid7, Inc. | $1.6M | 0.0% | NEW | 52.4 |
| 132 |  $IRTC | iRhythm Holdings, Inc. | $1.5M | 0.0% | NEW | 41.1 |
| 133 |  $CELC | Celcuity Inc. | $1.5M | 0.0% | -14% | — |
| 134 |  $ALVO | Alvotech | $1.3M | 0.0% | +0% | — |
| 135 | — | RIVIAN AUTOMOTIVE INC | $1.2M | 0.0% | NEW | — |
| 136 |  $ALRM | Alarm.com Holdings, Inc. | $930,510 | 0.0% | -96% | 62.9 |
| 137 |  $HAE | HAEMONETICS CORP | $800,841 | 0.0% | -7% | 61.1 |
| 138 |  $IMCR | Immunocore Holdings plc | $751,261 | 0.0% | NEW | — |
| 139 |  $PDD | PDD Holdings Inc. | $492,814 | 0.0% | NEW | — |
| 140 | $ALVO | Alvotech | $336,078 | 0.0% | -82% | — |
| 141 |  $BTAI | BioXcel Therapeutics, Inc. | $323,193 | 0.0% | +0% | — |
| 142 | $KRSP | Rice Acquisition Corp 3 | $319,999 | 0.0% | +0% | — |
New Positions (26)
$QQQPUT INVESCO QQQ TRUST, SERIES 1$329.0M$PBR PETROBRAS - PETROLEO BRASILEIRO SA$126.4M$CRDO Credo Technology Group Holding Ltd$50.6M$YPF YPF SOCIEDAD ANONIMA$41.0M$QTWO Q2 Holdings, Inc.$40.9M$LYBPUT LyondellBasell Industries N.V.$40.3M$PRGS PROGRESS SOFTWARE CORP /MA$36.1M$EMBJ EMBRAER S.A.$26.6M$FOUR Shift4 Payments, Inc.$25.7M$SMPL Simply Good Foods Co$16.2M$NRG NRG ENERGY, INC.$7.2M$AKAM AKAMAI TECHNOLOGIES INC$6.2M$PD PagerDuty, Inc.$5.4M$PCG PG&E Corp$4.1MExited Positions (52)
$STTPUT STATE STREET CORP
$FTAI FTAI Aviation Ltd.
$ORCLPUT ORACLE CORP
$NU Nu Holdings Ltd.
$CABO Cable One, Inc.
$GRAB Grab Holdings Ltd
$ABNB Airbnb, Inc.
$MARPUT MARRIOTT INTERNATIONAL INC /MD/
$VIST Vista Energy, S.A.B. de C.V.
$YMM Full Truck Alliance Co. Ltd.
$SBLK Star Bulk Carriers Corp.
$CRC California Resources Corp
$BZ Kanzhun Ltd
$VALE Vale S.A.Browse Top Institutional Investors
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