OAKTREE CAPITAL MANAGEMENT LP
Institutional investor · Portfolio as of Q4 2025
Top Holdings172 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CHESAPEAKE ENERGY CORP | 5.1M | $558.7M | 7.9% | $34.58 | +213.60% | 20 qtrssince 2021-Q1 | Unchanged 0 |
TORM PLC | 26.4M | $527.3M | 7.5% | $2.99 | +552.60% | 29 qtrssince 2018-Q4 | Decreased 0 |
ANGLOGOLD ASHANTI PLC | 3.8M | $328.2M | 4.7% | $15.47 | +458.54% | 10 qtrssince 2023-Q3 | Decreased 0 |
VANECK SEMICONDUCTOR ETF | 865,000 | $311.5M | 4.4% | — | — | — | New — |
GARRETT MOTION INC | 17.1M | $298M | 4.2% | $7.65 | +129.92% | 19 qtrssince 2021-Q2 | Decreased 0 |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 385,000 | $262.5M | 3.7% | — | — | — | Increased — |
INDIVIOR PHARMACEUTICALS INC USD0.50 Shares | 7.1M | $255.1M | 3.6% | $23.66 | +64.91% | 8 qtrssince 2024-Q1 | Decreased 0 |
VIPER ENERGY INC | 6.3M | $242.8M | 3.5% | $36.09 | +2.65% | 2 qtrssince 2025-Q3 | Unchanged 0 |
TELEPHONE & DATA SYS INC | 3.7M | $151.2M | 2.2% | $38.61 | +5.91% | 2 qtrssince 2025-Q3 | Unchanged 0 |
BARRICK GOLD CORP | 3M | $129.6M | 1.8% | $20.82 | +112.52% | 3 qtrssince 2025-Q2 | Decreased 0 |
TALEN ENERGY CORP | 331,117 | $124.1M | 1.8% | $322.15 | +17.64% | 6 qtrssince 2024-Q3 | Increased 54 |
Core Scientific Inc | 8.4M | $121.6M | 1.7% | $16.69 | -12.49% | 2 qtrssince 2025-Q3 | Increased 60 |
NOKIA CORP-SPON ADR | 18.8M | $121.3M | 1.7% | $5.11 | +27.40% | 4 qtrssince 2025-Q1 | Unchanged 0 |
TALEN ENERGY CORP | 300,000 | $112.5M | 1.6% | — | — | — | Increased — |
FTAI AVIATION LTD | 517,328 | $101.8M | 1.4% | $165.57 | +31.14% | 2 qtrssince 2025-Q3 | Decreased 0 |
ITAU UNIBANCO H-SPON PRF ADR | 13.8M | $99M | 1.4% | $5.58 | +25.67% | 4 qtrssince 2025-Q1 | Increased 52 |
ORACLE CORP | 500,000 | $97.5M | 1.4% | — | — | — | Unchanged — |
LIBERTY GLOBAL LTD-A | 8.6M | $95.3M | 1.4% | $10.20 | +10.06% | 7 qtrssince 2024-Q2 | Unchanged 0 |
CBL & ASSOC PPTYS INC | 2.5M | $93.2M | 1.3% | $22.86 | +62.14% | 17 qtrssince 2021-Q4 | Decreased 0 |
| 82M | $92.9M | 1.3% | — | — | 1 qtr | New 68 |
OAKTREE CAPITAL MANAGEMENT LP manages $7B across 172 positions as of Q4 2025. Top holdings: EXE (7.9%), TRMD (7.5%), AU (4.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 1/5.0.
Active quarter - 36 new positions, 29 exits, 54 increased. Top move: CORZ (INCREASED, conviction 60). Portfolio: $7.0B across 172 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer