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Glendon Capital Management LP

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13F filer, CIK 1604350, Santa Monica, CA

Glendon Capital Management LP reported $1,822,375,112 across 24 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 95.31% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001604350-25-000024

Period
2025-06-30
Reported value
$1.82B
Holdings
24
Top 10 weight
95.31%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NRGadded+60,398$9.7M
CHRDadded+57,000$5.52M
WSBCadded+140,000$4.43M
DBDadded+50,458$2.8M

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
TLNreduced-432,490-$126M
VSTreduced-92,161-$17.9M
FPHreduced-106,352-$585K
GOCOreduced-4,960-$27.5K

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, Q2 2025

Share positions as resolved from 13F-HR 0001604350-25-000024, largest first. % of portfolio is the value over $1,822,375,112, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,215,909 shares; 2024Q4: 24,215,909 shares; 2025Q1: 24,215,909 shares; 2025Q2: 24,215,909 shares 24,215,909$881M48.37%0Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,124,060 shares; 2024Q4: 2,143,739 shares; 2025Q1: 2,132,354 shares; 2025Q2: 2,132,354 shares 2,132,354$249M13.68%0Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 578,893 shares; 2024Q4: 578,893 shares; 2025Q1: 748,893 shares; 2025Q2: 656,732 shares 656,732$127M6.98%-92,161Timeline
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,485,472 shares; 2024Q4: 2,485,472 shares; 2025Q1: 2,485,472 shares; 2025Q2: 2,485,472 shares 2,485,472$96.8M5.31%0Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 535,953 shares; 2024Q4: 535,953 shares; 2025Q1: 535,953 shares; 2025Q2: 596,351 shares 596,351$95.8M5.25%+60,398Timeline
DBDDIEBOLD NIXDORF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,258,050 shares; 2024Q4: 1,318,050 shares; 2025Q1: 1,498,282 shares; 2025Q2: 1,548,740 shares 1,548,740$85.8M4.71%+50,458Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 726,870 shares; 2024Q4: 726,870 shares; 2025Q1: 726,870 shares; 2025Q2: 294,380 shares 294,380$85.6M4.7%-432,490Timeline
ACTENACT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,298,718 shares; 2024Q4: 1,298,718 shares; 2025Q1: 1,298,718 shares; 2025Q2: 1,298,718 shares 1,298,718$48.2M2.65%0Timeline
GASSSTEALTHGAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,906,056 shares; 2024Q4: 5,906,056 shares; 2025Q1: 5,906,056 shares; 2025Q2: 5,906,056 shares 5,906,056$37.9M2.08%0Timeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 336,000 shares; 2024Q4: 336,000 shares; 2025Q1: 417,100 shares; 2025Q2: 417,100 shares 417,100$28.8M1.58%0Timeline
CHRDCHORD ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240,550 shares; 2024Q4: 240,550 shares; 2025Q1: 240,550 shares; 2025Q2: 297,550 shares 297,550$28.8M1.58%+57,000Timeline
WSBCWESBANCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 909,091 shares; 2024Q4: 769,091 shares; 2025Q1: 769,091 shares; 2025Q2: 909,091 shares 909,091$28.8M1.58%+140,000Timeline
FPHFIVE POINT HOLDINGS LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,807,320 shares; 2024Q4: 1,708,375 shares; 2025Q1: 1,658,375 shares; 2025Q2: 1,552,023 shares 1,552,023$8.54M0.47%-106,352Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,678,903 shares; 2024Q4: 1,678,903 shares; 2025Q1: 1,678,903 shares; 2025Q2: 1,678,903 shares 1,678,903$8.13M0.45%0Timeline
BBTBEACON FINANCIAL CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 172,413 shares; 2025Q1: 172,413 shares; 2025Q2: 172,413 shares 172,413$4.32M0.24%0Timeline
COOKTRAEGER INC COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,165,546 shares; 2024Q4: 1,165,546 shares; 2025Q1: 1,150,546 shares; 2025Q2: 1,150,546 shares 1,150,546$1.97M0.11%0Timeline
SVCSERVICE PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,346 shares; 2024Q4: 692,346 shares; 2025Q1: 692,346 shares; 2025Q2: 692,346 shares 692,346$1.65M0.09%0Timeline
SKINSKINHEALTH SYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 636,954 shares; 2024Q4: 636,954 shares; 2025Q1: 636,954 shares; 2025Q2: 636,954 shares 636,954$1.22M0.07%0Timeline
ONLORION PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,563 shares; 2024Q4: 359,563 shares; 2025Q1: 359,563 shares; 2025Q2: 359,563 shares 359,563$766K0.04%0Timeline
GOCOGOHEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,961 shares; 2024Q4: 71,961 shares; 2025Q1: 47,705 shares; 2025Q2: 42,745 shares 42,745$237K0.01%-4,960Timeline
NATLNCR ATLEOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares 1,000$28.5K<0.01%0Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 658 shares; 2024Q4: 658 shares; 2025Q1: 658 shares; 2025Q2: 658 shares 658$27.7K<0.01%0Timeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares 1,000$25.1K<0.01%0

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$1.01M0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
AFFIRM HLDGS INCAFFIRM HLDGS INC197,500$8.93Mcall

How Q2 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 0001604350-25-000024 base2025-08-13acceptance time not in the bulk data set