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Glendon Capital Management LP

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13F filer, CIK 1604350, Santa Monica, CA

Glendon Capital Management LP reported $1,833,764,769 across 24 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 95.07% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001604350-25-000032

Period
2025-09-30
Reported value
$1.83B
Holdings
24
Top 10 weight
95.07%
New
0
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NATLadded+142,500$5.6M
NRGadded+34,000$5.51M

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
DBDreduced-370,396-$21.1M
TLNreduced-29,438-$12.5M
GASSreduced-1,023,008-$6.7M
ALLYreduced-147,139-$5.77M
FYBRreduced-57,290-$2.14M

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, Q3 2025

Share positions as resolved from 13F-HR 0001604350-25-000032, largest first. % of portfolio is the value over $1,833,764,769, 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; 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; 2025Q3: 24,158,619 shares 24,158,619$902M49.21%-57,290Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,132,354 shares 2,132,354$226M12.35%0Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 578,893 shares; 2024Q4: 578,893 shares; 2025Q1: 748,893 shares; 2025Q2: 656,732 shares; 2025Q3: 656,732 shares 656,732$129M7.02%0Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 726,870 shares; 2024Q4: 726,870 shares; 2025Q1: 726,870 shares; 2025Q2: 294,380 shares; 2025Q3: 264,942 shares 264,942$113M6.15%-29,438Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 535,953 shares; 2024Q4: 535,953 shares; 2025Q1: 535,953 shares; 2025Q2: 596,351 shares; 2025Q3: 630,351 shares 630,351$102M5.57%+34,000Timeline
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,338,333 shares 2,338,333$91.7M5%-147,139Timeline
DBDDIEBOLD NIXDORF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,178,344 shares 1,178,344$67.2M3.66%-370,396Timeline
ACTENACT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,298,718 shares 1,298,718$49.8M2.72%0Timeline
GASSSTEALTHGAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 4,883,048 shares 4,883,048$32M1.74%-1,023,008Timeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 336,000 shares; 2024Q4: 336,000 shares; 2025Q1: 417,100 shares; 2025Q2: 417,100 shares; 2025Q3: 417,100 shares 417,100$30.5M1.66%0Timeline
CHRDCHORD ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240,550 shares; 2024Q4: 240,550 shares; 2025Q1: 240,550 shares; 2025Q2: 297,550 shares; 2025Q3: 297,550 shares 297,550$29.6M1.61%0Timeline
WSBCWESBANCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 909,091 shares; 2024Q4: 769,091 shares; 2025Q1: 769,091 shares; 2025Q2: 909,091 shares; 2025Q3: 909,091 shares 909,091$29M1.58%0Timeline
FPHFIVE POINT HOLDINGS LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,289,375 shares 1,289,375$7.9M0.43%-262,648Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,678,903 shares 1,678,903$7.57M0.41%0Timeline
NATLNCR ATLEOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares; 2025Q3: 143,500 shares 143,500$5.64M0.31%+142,500Timeline
BBTBEACON FINANCIAL CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 172,413 shares; 2025Q1: 172,413 shares; 2025Q2: 172,413 shares; 2025Q3: 172,413 shares 172,413$4.09M0.22%0Timeline
SVCSERVICE PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,346 shares; 2024Q4: 692,346 shares; 2025Q1: 692,346 shares; 2025Q2: 692,346 shares; 2025Q3: 692,346 shares 692,346$1.88M0.1%0Timeline
SKINSKINHEALTH SYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 636,954 shares; 2024Q4: 636,954 shares; 2025Q1: 636,954 shares; 2025Q2: 636,954 shares; 2025Q3: 636,954 shares 636,954$1.27M0.07%0Timeline
COOKTRAEGER INC COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,020,960 shares 1,020,960$1.25M0.07%-129,586Timeline
ONLORION PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,563 shares; 2024Q4: 359,563 shares; 2025Q1: 359,563 shares; 2025Q2: 359,563 shares; 2025Q3: 359,563 shares 359,563$971K0.05%0Timeline
GOCOGOHEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,961 shares; 2024Q4: 71,961 shares; 2025Q1: 47,705 shares; 2025Q2: 42,745 shares; 2025Q3: 42,745 shares 42,745$206K0.01%0Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 658 shares; 2024Q4: 658 shares; 2025Q1: 658 shares; 2025Q2: 658 shares; 2025Q3: 658 shares 658$32.1K<0.01%0Timeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares; 2025Q3: 1,000 shares 1,000$25.4K<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

How Q3 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 0001604350-25-000032 base2025-11-12acceptance time not in the bulk data set