OAKTREE CAPITAL MANAGEMENT LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, OAKTREE CAPITAL MANAGEMENT LP maintained a portfolio of 203 distinct positions. The most significant new addition to the portfolio was VANECK SEMICONDUCTOR, which now represents 4.43% of the total fund value. The fund also reduced its exposure to Indivior Pharmaceuti by 97.2%.
PCA Score Concentration Risk
Risk ENB
Total Positions
203
Quarter
2025 Q4
Top Holding
EXE (7.9%)
Top 10 Concentration
43.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 203
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
EXE
EXPAND ENERGY C...
Energy 7.95% 8.29% #1 1
Prev: #2
6.2 no change no change
P
S
5,062,363 $558,682,380 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TRMD
TORM PLC
Energy 7.50% 12.86% #2 1
Prev: #1
4.5 -14,156,061 -34.9%
P
S
26,425,059 $527,287,877 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AU
ANGLOGOLD ASHAN...
Basic Materials 4.67% 4.54% #3 1
Prev: #4
3.4 -337,270 -8.1%
P
S
3,847,991 $328,156,672 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SMH
VANECK SEMICOND...
PUT
PUT Option 4.43% #4
Prev: #—
5.8 865,000 no change
NEW
865,000 $311,512,450 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GTX
GARRETT MOTION ...
Consumer Cyclical 4.24% 6.69% #5 2
Prev: #3
2.2 -14,800,000 -46.4%
P
S
17,094,816 $297,962,642 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
STATE STREET CO...
PUT
PUT Option 3.74% 3.39% #6
Prev: #6
3.5 55,000 16.7%
P
S
385,000 $262,539,200 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INDV
Indivior Pharma...
Healthcare 3.63% 0.16% #7 85
Prev: #92
1.5 -250,676,754 -97.2%
P
S
7,108,644 $255,058,964 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VNOM
VIPER ENERGY IN...
Energy 3.45% 3.70% #8 3
Prev: #5
2.4 no change no change
P
S
6,285,062 $242,791,949 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TDS
TELEPHONE AND D...
Communication Services 2.15% 2.23% #9 2
Prev: #7
1.9 no change no change
P
S
3,688,386 $151,223,826 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MINING ...
Basic Materials 1.84% 1.67% #10 2
Prev: #12
1.2 -326,968 -9.9%
P
S
2,975,118 $129,566,388 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TLN
TALEN ENERGY CO...
Utilities 1.77% 1.91% #11 2
Prev: #9
2.7 40,000 13.7%
P
S
331,117 $124,115,896 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZ
CORE SCIENTIFIC...
Technology 1.73% 1.77% #12 1
Prev: #11
3.2 1,950,000 30.5%
P
S
8,350,708 $121,586,308 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NOK
NOKIA OYJ
Technology 1.73% 1.39% #13 5
Prev: #18
1.7 no change no change
P
S
18,752,229 $121,326,921 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TLN
TALEN ENERGY CO...
CALL
CALL Option 1.60% 0.43% #14 35
Prev: #49
3.6 235,000 361.5%
P
S
300,000 $112,452,000 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FTAI
FTAI AVIATION L...
Industrials 1.45% 1.50% #15 1
Prev: #14
1.1 -67,847 -11.6%
P
S
517,328 $101,836,016 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ITUB
ITAU UNIBANCO H...
Financial Services 1.41% 1.43% #16
Prev: #16
2.6 1,156,946 9.1%
P
S
13,822,747 $98,970,875 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
PUT
PUT Option 1.39% 2.17% #17 9
Prev: #8
1.6 no change no change
P
S
500,000 $97,455,000 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LBTYA
LIBERTY GLOBAL ...
Communication Services 1.36% 1.51% #18 5
Prev: #13
1.5 no change no change
P
S
8,551,191 $95,260,267 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CBL
CBL & ASSOCIATE...
Real Estate 1.33% 1.42% #19 2
Prev: #17
1.0 -487,550 -16.2%
P
S
2,517,576 $93,150,348 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
RIOT PLATFORMS ...
Bond/Debt 1.32% #20
Prev: #—
4.0 81,960,000 no change
NEW
81,960,000 $92,922,150 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
JETBLUE AIRWAYS...
Bond/Debt 1.27% 1.03% #21 3
Prev: #24
3.0 22,267,000 32.6%
P
S
90,530,000 $89,036,255 13F Filing 2025-12-31 2026-02-14 (Est.)
AERO
GRUPO AEROMEXIC...
Industrials 1.18% #22
Prev: #—
4.0 3,776,986 no change
NEW
3,776,986 $82,942,612 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TAC
TRANSALTA CORP
Utilities 1.16% 1.35% #23 4
Prev: #19
1.5 no change no change
P
S
6,415,253 $81,246,611 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
STKL
SUNOPTA INC
Consumer Defensive 1.12% 1.87% #24 14
Prev: #10
1.4 no change no change
P
S
20,726,126 $78,883,383 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HOLDINGS LTD...
Financial Services 1.07% 1.11% #25 2
Prev: #23
0.9 -39,709 -0.9%
P
S
4,479,175 $74,981,389 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FCX
FREEPORT-MCMORA...
Basic Materials 1.00% 0.91% #26
Prev: #26
0.9 -114,812 -7.6%
P
S
1,390,053 $70,600,791 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KRC
KILROY REALTY C...
Real Estate 0.98% 1.20% #27 6
Prev: #21
1.4 no change no change
P
S
1,850,011 $69,134,911 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CX
CEMEX SAB DE CV
Basic Materials 0.94% 1.45% #28 13
Prev: #15
0.4 -4,699,500 -45.0%
P
S
5,749,324 $66,059,732 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RWAY
RUNWAY GROWTH F...
Financial Services 0.89% 1.30% #29 9
Prev: #20
0.9 -1,250,000 -15.1%
P
S
7,029,667 $62,774,936 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ECHOSTAR CORP
Bond/Debt 0.86% #30
Prev: #—
3.8 18,000,000 no change
NEW
18,000,000 $60,165,000 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CABLE ONE INC
Bond/Debt 0.83% 0.88% #31 4
Prev: #27
0.8 128,000 0.2%
P
S
58,874,000 $58,138,075 13F Filing 2025-12-31 2026-02-14 (Est.)
BLCO
BAUSCH LOMB COR...
Healthcare 0.82% 0.75% #32 1
Prev: #31
0.8 137,300 4.2%
P
S
3,382,739 $57,777,182 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GRAB
GRAB HOLDINGS L...
Technology 0.80% 1.12% #33 11
Prev: #22
0.8 -886,796 -7.3%
P
S
11,207,699 $55,926,418 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XP
XP INC
Financial Services 0.77% 0.59% #34 3
Prev: #37
3.3 1,287,282 63.3%
P
S
3,320,159 $54,351,002 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AIRBNB INC
Bond/Debt 0.71% 0.59% #35
Prev: #35
2.8 11,280,000 28.7%
P
S
50,633,000 $50,227,936 13F Filing 2025-12-31 2026-02-14 (Est.)
MAR
MARRIOTT INTERN...
PUT
PUT Option 0.66% 0.60% #36 3
Prev: #33
1.3 no change no change
P
S
150,000 $46,536,000 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ETSY INC
Bond/Debt 0.64% 0.54% #37 6
Prev: #43
2.8 10,835,000 27.5%
P
S
50,165,000 $44,935,298 13F Filing 2025-12-31 2026-02-14 (Est.)
LILAK
LIBERTY LATIN A...
Communication Services 0.61% 0.87% #38 10
Prev: #28
0.7 -921,043 -13.8%
P
S
5,748,780 $42,885,898 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ECVT
ECOVYST INC
Basic Materials 0.59% 0.39% #39 14
Prev: #53
2.7 1,395,481 48.8%
P
S
4,254,503 $41,396,314 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BIOMARIN PHARMA...
Bond/Debt 0.58% 0.29% #40 27
Prev: #67
3.2 22,399,000 113.6%
P
S
42,118,000 $40,450,127 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AMPHASTAR PHARM...
Bond/Debt 0.57% 0.25% #41 34
Prev: #75
3.2 25,753,000 144.5%
P
S
43,578,000 $40,401,163 13F Filing 2025-12-31 2026-02-14 (Est.)
USM
ARRAY DIGITAL I...
Unknown 0.55% 0.56% #42 1
Prev: #41
1.2 no change no change
P
S
724,444 $38,844,687 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CONMED CORP
Bond/Debt 0.55% 0.60% #43 9
Prev: #34
0.7 -189,000 -0.5%
P
S
40,324,000 $38,711,039 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
MARRIOTT VACATI...
Bond/Debt 0.55% 0.53% #44
Prev: #44
2.2 4,538,000 12.7%
P
S
40,370,000 $38,452,425 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PEBBLEBROOK HOT...
Bond/Debt 0.55% 0.40% #45 5
Prev: #50
3.2 13,530,000 51.7%
P
S
39,706,000 $38,415,555 13F Filing 2025-12-31 2026-02-14 (Est.)
VIST
VISTA ENERGY SA...
Energy 0.54% 0.98% #46 21
Prev: #25
0.2 -1,059,069 -57.5%
P
S
782,250 $38,064,285 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
YMM
FULL TRUCK ALLI...
Technology 0.54% 0.76% #47 17
Prev: #30
0.7 -277,933 -7.3%
P
S
3,519,764 $37,767,067 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SEA LTD
Bond/Debt 0.54% 0.55% #48 6
Prev: #42
0.7 1,827,000 4.9%
P
S
38,855,000 $37,767,060 13F Filing 2025-12-31 2026-02-14 (Est.)
SBLK
STAR BULK CARRI...
Industrials 0.54% 0.56% #49 9
Prev: #40
1.2 no change no change
P
S
1,962,892 $37,726,784 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TELADOC HEALTH ...
Bond/Debt 0.52% 0.59% #50 12
Prev: #38
0.7 -2,159,000 -5.3%
P
S
38,479,000 $36,747,445 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 203 holdings

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