Oaktree Capital
Picture
Moves
Options: 9 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Revealed late, restated
Positions
| TRMDTORM plc Class A | 15.67% | 23,839,575 | $675M | trimmed−10% | +4.05 pp | 31 q |
| EXEExpand Energy Corporation | 13.35% | 5,237,477 | $575M | added+3% | +1.04 pp | 21 q |
| AUAngloGold Ashanti plc | 7.29% | 3,223,092 | $314M | trimmed−16% | +0.06 pp | 50 q |
| GTXGarrett Motion Inc. | 6.16% | 14,594,816 | $265M | trimmed−15% | −0.41 pp | 20 q |
| INDVIndivior Pharmaceuticals, Inc. | 4.94% | 6,984,102 | $213M | trimmed−2% | −0.68 pp | 9 q |
| TDSTelephone and Data Systems Inc. | 4.20% | 4,292,243 | $181M | added+16% | +0.87 pp | 3 q |
| VNOMViper Energy, Inc. Class A | 4.14% | 3,791,432 | $178M | trimmed−40% | −1.21 pp | 3 q |
| CORZCore Scientific, Inc. | 3.25% | 9,350,708 | $140M | added+12% | +0.57 pp | 3 q |
| STKLSunOpta, Inc. | 3.12% | 20,726,126 | $134M | held | — | 37 q |
| PBRPetroleo Brasileiro S.a.-petrobras | 2.93% | 6,089,413 | $126M | new | +2.93 pp | new |
| BBarrick Mining Corporation | 2.49% | 2,624,859 | $107M | trimmed−12% | −0.37 pp | 6 q |
| TLNTalen Energy Corporation | 2.45% | 331,117 | $106M | held | — | 7 q |
| LBTYALiberty Global Ltd. Class A | 2.40% | 8,551,191 | $103M | held | — | 8 q |
| ITUBItau Unibanco Holding S.A. | 2.37% | 12,188,995 | $102M | trimmed−12% | +0.19 pp | 5 q |
| NOKNokia Corporation | 2.09% | 11,200,308 | $90M | trimmed−40% | −0.58 pp | 5 q |
| TACTransAlta Corporation | 1.95% | 6,415,253 | $84M | held | — | 5 q |
| CBLCBL & Associates Properties, Inc. | 1.92% | 2,153,717 | $83M | trimmed−14% | −0.13 pp | 18 q |
| FCXFreeport-McMoran Inc. | 1.67% | 1,220,122 | $72M | trimmed−12% | +0.11 pp | 19 q |
| XPXP Inc. Class A | 1.40% | 3,172,009 | $60M | trimmed−4% | +0.20 pp | 3 q |
| AEROGrupo Aeromexico, S.A.B. de C.V. | 1.29% | 3,968,686 | $56M | added+5% | −0.54 pp | 2 q |
| BLCOBausch + Lomb Corporation | 1.25% | 3,382,739 | $54M | held | — | 4 q |
| KRCKilroy Realty Corp. | 1.21% | 1,850,011 | $52M | held | — | 21 q |
| LILAKLiberty Latin America Ltd. Class C | 1.18% | 5,748,780 | $51M | held | — | 4 q |
| CRDOCredo Technology Group Holding Ltd | 1.17% | 539,000 | $51M | new | +1.17 pp | new |
| RWAYRunway Growth Finance Corp. | 1.12% | 7,029,667 | $48M | held | — | 18 q |
| YPFYPF Sociedad Anonima | 0.95% | 886,465 | $41M | new | +0.95 pp | new |
| ADArray Digital Infrastructure, Inc. | 0.78% | 724,444 | $33M | held | — | 3 q |
| CXCemex S.A.B. de C.V. | 0.73% | 2,763,083 | $32M | trimmed−52% | −0.73 pp | 32 q |
| ECVTEcovyst Inc. | 0.71% | 2,393,791 | $31M | trimmed−44% | −0.20 pp | 3 q |
| EMBJEmbraer S.A. | 0.62% | 447,606 | $27M | new | +0.62 pp | new |
| KRSPRice Acquisition Corporation 3 | 0.57% | 2,400,000 | $25M | held | — | 2 q |
| TXTernium S.A. | 0.54% | 582,924 | $23M | trimmed−11% | −0.01 pp | 16 q |
| SHAZSharonAI Holdings, Inc. Class A | 0.53% | 1,000,000 | $23M | new | +0.53 pp | new |
| OCSLOaktree Specialty Lending Corporation | 0.49% | 1,852,456 | $21M | held | — | 34 q |
| TEOTelecom Argentina S.A. | 0.44% | 1,622,244 | $19M | trimmed−31% | −0.16 pp | 32 q |
| SMPLThe Simply Good Foods Company | 0.38% | 1,128,889 | $16M | new | +0.38 pp | new |
| MINEMayfair Gold Corp. | 0.32% | 4,500,000 | $14M | new | +0.32 pp | new |
| BATLBattalion Oil Corporation | 0.27% | 3,009,912 | $12M | held | — | 25 q |
| SMRTSmartRent, Inc. | 0.26% | 7,505,294 | $11M | held | — | 17 q |
| BMMBlue Moon Metals Inc. | 0.25% | 1,685,000 | $11M | new | +0.25 pp | new |
| OPTUOptimum Communications, Inc. | 0.22% | 7,330,490 | $10M | trimmed−2% | −0.05 pp | 8 q |
| MXMagnachip Semiconductor Corp. | 0.19% | 2,849,858 | $8M | held | — | 37 q |
| NRGNRG Energy, Inc. | 0.17% | 49,028 | $7M | new | +0.17 pp | new |
| ILLUUIllumination Acquisition Corp I | 0.17% | 750,000 | $7M | new | +0.17 pp | new |
| LILALiberty Latin America Ltd. Class A | 0.17% | 839,020 | $7M | held | — | 3 q |
| BKLNInvesco Senior Loan ETF | 0.09% | 200,020 | $4M | new | +0.09 pp | new |
| HDBHDFC Bank Limited | 0.07% | 114,261 | $3M | trimmed−12% | −0.04 pp | 9 q |
| ALVOWAlvotech | 0.03% | 4,666,667 | $1M | held | — | 16 q |
| BTAIQBioxcel Therapeutics Inc | 0.01% | 241,188 | $323,193 | held | — | 4 q |
| PDDPDD Holdings Inc. | 0.01% | 4,823 | $492,814 | new | +0.01 pp | new |
| KRSP.WSRice Acquisition Corporation 3 Redeemable warrants, each whole warrant exercisable for one Class A at an exercise price of $11.50 | 0.01% | 399,999 | $319,999 | held | — | 2 q |
| ALVOAlvotech | 0.01% | 240,038 | $338,919 | trimmed−55% | −0.03 pp | 16 q |
| FTAIFTAI Aviation Ltd. | — | −517,328 | — | exited | −2.24 pp | — |
| NUNu Holdings Ltd. | — | −4,479,175 | — | exited | −1.65 pp | — |
| GRABGrab Holdings Limited Class A | — | −11,207,699 | — | exited | −1.23 pp | — |
| VISTVista Energy S.A.B. de C.V. | — | −782,250 | — | exited | −0.84 pp | — |
| YMMFull Truck Alliance Co. Ltd. | — | −3,519,764 | — | exited | −0.83 pp | — |
| SBLKStar Bulk Carriers Corp. | — | −1,962,892 | — | exited | −0.83 pp | — |
| CRCCalifornia Resources Corporation | — | −694,502 | — | exited | −0.68 pp | — |
| BZKANZHUN LIMITED American Depository Shares | — | −1,523,231 | — | exited | −0.68 pp | — |
| VALEVale S.a. | — | −2,023,706 | — | exited | −0.58 pp | — |
| INFYInfosys Limited | — | −1,094,752 | — | exited | −0.43 pp | — |
| ONITOnity Group Inc. | — | −390,835 | — | exited | −0.39 pp | — |
| EXEELChesapeake Energy Corp -CW26 | — | −95,294 | — | exited | −0.21 pp | — |
| BHCBausch Health Companies Inc | — | −1,270,000 | — | exited | −0.19 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| QQQ PUT | 50.51% | 570,000 | $329M |
| XOP PUT | 27.92% | 1,000,000 | $182M |
| CORZ CALL | 8.04% | 3,500,000 | $52M |
| TLN CALL | 7.35% | 150,000 | $48M |
| LYB PUT | 6.18% | 500,000 | $40M |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Jetblue Airways Corp | 5.93% | 95,093,000 | $95M |
| Riot Platforms Inc | 5.74% | 79,664,000 | $92M |
| Echostar Corp | 4.02% | 18,000,001 | $64M |
| Pebblebrook Hotel Trust | 3.53% | 57,736,000 | $56M |
| American Water Capital C | 3.49% | 55,921,000 | $56M |
| Etsy Inc | 3.43% | 61,196,000 | $55M |
| Biomarin Pharmaceutical | 3.38% | 55,985,000 | $54M |
| Coinbase Global Inc | 3.27% | 52,633,000 | $52M |
| Enphase Energy Inc | 3.16% | 56,620,000 | $51M |
| Marriott Vacation Worldw | 3.14% | 52,119,000 | $50M |
| Sea Ltd | 2.93% | 47,886,000 | $47M |
| Okta Inc | 2.92% | 46,973,000 | $47M |
| Bentley Systems | 2.79% | 46,995,000 | $45M |
| Q2 Holdings Inc | 2.56% | 41,053,000 | $41M |
| Draftkings Holdings Inc | 2.50% | 44,355,000 | $40M |
| Block Inc | 2.36% | 37,779,000 | $38M |
| Dexcom Inc | 2.33% | 40,423,000 | $37M |
| Progress Software Corp | 2.26% | 36,154,000 | $36M |
| Conmed Corp | 2.20% | 36,189,000 | $35M |
| Unity Software Inc | 2.19% | 35,941,000 | $35M |
| Amphastar Pharmaceutical | 2.16% | 38,036,000 | $34M |
| Teladoc Health Inc | 1.98% | 33,070,000 | $32M |
| Array Technologies Inc | 1.76% | 31,046,000 | $28M |
| Spectrum Brands Inc | 1.63% | 26,126,000 | $26M |
| SHIFT4 Payments Inc | 1.61% | 27,272,000 | $26M |
| Cracker Barrel Old Count | 1.60% | 26,175,000 | $26M |
| FIVE9 Inc | 1.19% | 21,743,000 | $19M |
| Snap Inc | 1.17% | 19,745,000 | $19M |
| Envista Holdings Corp | 0.99% | 15,977,000 | $16M |
| Nabors Industries Inc | 0.92% | 16,137,000 | $15M |
| Synaptics Inc | 0.90% | 13,815,000 | $14M |
| Blackstone Mortgage Tr | 0.81% | 12,959,000 | $13M |
| Cogent Biosciences Inc | 0.78% | 10,221,000 | $13M |
| Upwork Inc | 0.77% | 12,499,000 | $12M |
| Arrowhead Research Corp | 0.72% | 11,055,000 | $11M |
| Affirm Holdings Inc | 0.70% | 11,537,000 | $11M |
| Jd.com Inc | 0.69% | 11,053,000 | $11M |
| Itron Inc | 0.65% | 10,349,000 | $10M |
| Block Inc | 0.64% | 10,982,000 | $10M |
| Aerovironment Inc | 0.63% | 10,313,000 | $10M |
| Strategy Inc | 0.63% | 12,080,000 | $10M |
| Ziff Davis Inc | 0.62% | 10,091,000 | $10M |
| Penn Entertainment Inc | 0.60% | 9,562,000 | $10M |
| Callaway Golf Co | 0.57% | 9,166,000 | $9M |
| Lci Industries | 0.57% | 9,138,000 | $9M |
| Redfin Corp | 0.55% | 9,197,000 | $9M |
| Repligen Corp | 0.55% | 8,997,000 | $9M |
| Winnebago Industries | 0.53% | 9,376,000 | $9M |
| Redwood Trust Inc | 0.52% | 8,247,000 | $8M |
| Nutanix Inc | 0.49% | 7,600,000 | $8M |
| Trip.com Group Ltd | 0.49% | 7,588,000 | $8M |
| Datadog Inc | 0.47% | 7,699,000 | $7M |
| Akamai Technologies Inc | 0.39% | 5,397,000 | $6M |
| Mgp Ingredients Inc | 0.38% | 6,251,000 | $6M |
| Pagerduty Inc. | 0.34% | 5,935,000 | $5M |
| Snap Inc | 0.34% | 6,000,000 | $5M |
| Cerence Inc | 0.33% | 5,942,000 | $5M |
| Neogenomics Inc | 0.32% | 5,575,000 | $5M |
| Green Plains Inc | 0.31% | 4,998,000 | $5M |
| Upstart Holdings Inc | 0.30% | 4,869,000 | $5M |
| PG&E Corp | 0.26% | 4,000,000 | $4M |
| Pennymac Corp | 0.26% | 3,971,000 | $4M |
| Bandwidth Inc | 0.23% | 4,167,000 | $4M |
| Snap Inc | 0.23% | 3,767,000 | $4M |
| Southern Co | 0.23% | 3,357,000 | $4M |
| Ziff Davis Inc | 0.22% | 3,496,000 | $3M |
| Bill Holdings Inc | 0.20% | 3,306,000 | $3M |
| Digitalocean Holdings | 0.18% | 2,985,000 | $3M |
| Jbt Marel Corp | 0.18% | 2,927,000 | $3M |
| Uber Technologies Inc | 0.15% | 2,000,000 | $2M |
| Coinbase Global Inc | 0.14% | 2,364,000 | $2M |
| Northern Oil & Gas Inc | 0.14% | 2,000,000 | $2M |
| Cheesecake Factory (The) | 0.13% | 2,173,000 | $2M |
| Jazz Investments I Ltd | 0.13% | 1,461,000 | $2M |
| Strategy Inc | 0.13% | 2,200,000 | $2M |
| Parsons Corp | 0.13% | 2,060,000 | $2M |
| Post Holdings Inc | 0.13% | 1,950,000 | $2M |
| Live Nation Entertainmen | 0.12% | 1,813,000 | $2M |
| Meritage Homes Corp | 0.12% | 1,900,000 | $2M |
| Snowflake Inc | 0.12% | 1,600,000 | $2M |
| Fluor Corp | 0.11% | 1,371,000 | $2M |
| Gladstone Capital Corp | 0.11% | 1,898,000 | $2M |
| Nextera Energy Capital | 0.11% | 1,292,000 | $2M |
| RAPID7 Inc | 0.10% | 1,668,000 | $2M |
| Celcuity Inc | 0.09% | 600,000 | $1M |
| Irhythm Holdings Inc | 0.09% | 1,350,000 | $1M |
| Rivian Auto Inc | 0.08% | 1,300,000 | $1M |
| Alarm.com Hldgs Inc | 0.06% | 1,008,000 | $930,510 |
| Haemonetics Corp | 0.05% | 837,000 | $800,841 |
| Immunocore Holdings | 0.05% | 833,000 | $751,261 |