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Glendon Capital Management LP

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13F filer, CIK 1604350, Santa Monica, CA

Glendon Capital Management LP reported $1,733,402,855 across 25 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 95.78% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001604350-25-000016

Period
2025-03-31
Reported value
$1.73B
Holdings
25
Top 10 weight
95.78%
New
1
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VSTadded+170,000$20M
DBDadded+180,232$7.88M
AFRMadded+81,100$3.66M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EXEreduced-11,385-$1.27M
GOCOreduced-24,256-$298K
FPHreduced-50,000-$267K
COOKreduced-15,000-$25.2K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001604350-25-000016, largest first. % of portfolio is the value over $1,724,477,830, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FYBRFRONTIER COMMUNICATIONS PAREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,215,909 shares; 2024Q4: 24,215,909 shares; 2025Q1: 24,215,909 shares 24,215,909$868M50.36%0Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,124,060 shares; 2024Q4: 2,143,739 shares; 2025Q1: 2,132,354 shares 2,132,354$237M13.76%-11,385Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 726,870 shares; 2024Q4: 726,870 shares; 2025Q1: 726,870 shares 726,870$145M8.42%0Timeline
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,485,472 shares; 2024Q4: 2,485,472 shares; 2025Q1: 2,485,472 shares 2,485,472$90.6M5.26%0Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 578,893 shares; 2024Q4: 578,893 shares; 2025Q1: 748,893 shares 748,893$87.9M5.1%+170,000Timeline
DBDDIEBOLD NIXDORF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,258,050 shares; 2024Q4: 1,318,050 shares; 2025Q1: 1,498,282 shares 1,498,282$65.5M3.8%+180,232Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 535,953 shares; 2024Q4: 535,953 shares; 2025Q1: 535,953 shares 535,953$51.2M2.97%0Timeline
ACTENACT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,298,718 shares; 2024Q4: 1,298,718 shares; 2025Q1: 1,298,718 shares 1,298,718$45.1M2.62%0Timeline
GASSSTEALTHGAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,906,056 shares; 2024Q4: 5,906,056 shares; 2025Q1: 5,906,056 shares 5,906,056$33.4M1.94%0Timeline
CHRDCHORD ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240,550 shares; 2024Q4: 240,550 shares; 2025Q1: 240,550 shares 240,550$27.1M1.57%0Timeline
WSBCWESBANCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 909,091 shares; 2024Q4: 769,091 shares; 2025Q1: 769,091 shares 769,091$23.8M1.38%0Timeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 336,000 shares; 2024Q4: 336,000 shares; 2025Q1: 417,100 shares 417,100$18.8M1.09%+81,100Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,678,903 shares; 2024Q4: 1,678,903 shares; 2025Q1: 1,678,903 shares 1,678,903$9.8M0.57%0Timeline
FPHFIVE POINT HOLDINGS LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,807,320 shares; 2024Q4: 1,708,375 shares; 2025Q1: 1,658,375 shares 1,658,375$8.86M0.51%-50,000Timeline
BBTBEACON FINANCIAL CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 172,413 shares; 2025Q1: 172,413 shares 172,413$4.5M0.26%0Timeline
COOKTRAEGER INC COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,165,546 shares; 2024Q4: 1,165,546 shares; 2025Q1: 1,150,546 shares 1,150,546$1.93M0.11%-15,000Timeline
SVCSERVICE PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,346 shares; 2024Q4: 692,346 shares; 2025Q1: 692,346 shares 692,346$1.81M0.1%0Timeline
SKINSKINHEALTH SYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 636,954 shares; 2024Q4: 636,954 shares; 2025Q1: 636,954 shares 636,954$854K0.05%0Timeline
ONLORION PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,563 shares; 2024Q4: 359,563 shares; 2025Q1: 359,563 shares 359,563$769K0.04%0Timeline
GOCOGOHEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,961 shares; 2024Q4: 71,961 shares; 2025Q1: 47,705 shares 47,705$585K0.03%-24,256Timeline
NATLNCR ATLEOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares 1,000$26.4K<0.01%0Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 658 shares; 2024Q4: 658 shares; 2025Q1: 658 shares 658$25.8K<0.01%0Timeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares 1,000$23.1K<0.01%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
AFFIRM HLDGS INCAFFIRM HLDGS INC CALLcall197,500$8.93Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1principal1,074,000$987K-2,500,000

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001604350-25-000016 base2025-05-14acceptance time not in the bulk data set