OAKTREE CAPITAL MANAGEMENT LP
Follow13F filer, CIK 949509, LOS ANGELES, CA
OAKTREE CAPITAL MANAGEMENT LP reported $6,490,256,632 across 165 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 49.35% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000949509-25-000007
- Period
- 2025-09-30
- Reported value
- $6.49B
- Holdings
- 165
- Top 10 weight
- 49.35%
- New
- 32
- Sold out
- 45
Part of the filer group Oaktree Capital Holdings, LLC
Oaktree Capital Holdings, LLCOaktree Fund Advisors, LLC
- Oaktree Capital Holdings, LLC
- Oaktree Fund Advisors, LLC
- OAKTREE CAPITAL MANAGEMENT GP, LLC
Stakes and trades reported after 2025-09-30
13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.
- QVCG QVC GROUP INC: Form 4 sold 5,224 shares on 2026-08-20, 0001193125-26-423121Timeline
Accepted , ingested
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| VNOMnew | +6,285,062 | $240M |
| TDSnew | +3,688,386 | $145M |
| CORZnew | +6,400,708 | $115M |
| FTAInew | +585,175 | $97.6M |
| NUnew | +4,518,884 | $72.3M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| SITIO ROYALTIES CORPexited | -12,945,551 | -$238M |
| GTXreduced | -5,000,000 | -$68.1M |
| AUreduced | -762,476 | -$53.6M |
| CXreduced | -4,390,208 | -$39.5M |
| CRCreduced | -682,251 | -$36.3M |
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.
Back to all 56 share positions
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).
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| JETBLUE AIRWAYS CORPJETBLUE AIRWAYS CORP NOTE 0.500% 4/0 | principal | 68,263,000 | $66.6M | +8,282,000 |
| CABLE ONE INCCABLE ONE INC NOTE 3/1 | principal | 58,746,000 | $57.4M | +6,934,000 |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 40,513,000 | $38.6M | +12,808,000 |
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 39,353,000 | $38.6M | +3,053,000 |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 40,638,000 | $38.2M | +10,300,000 |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 37,028,000 | $35.6M | +6,959,000 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 39,330,000 | $34.8M | +7,523,000 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 35,832,000 | $34.2M | +9,999,000 |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 34,930,000 | $30.8M | +30,010,000 |
| SUMMIT HOTEL PPTYSSUMMIT HOTEL PPTYS NOTE 1.500% 2/1 | principal | 29,441,000 | $29M | -1,014,000 |
| PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1 | principal | 26,176,000 | $25.9M | -36,247,000 |
| JD.COM INCJD.COM INC NOTE 0.250% 6/0 | principal | 23,821,000 | $25.7M | +11,469,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 28,622,000 | $24.9M | +13,867,000 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1 | principal | 24,757,000 | $24.5M | -189,000 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 25,479,000 | $24.1M | +3,198,000 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 24,773,000 | $23.8M | +14,851,000 |
| AEROVIRONMENT INCAEROVIRONMENT INC NOTE 7/1 | principal | 17,763,000 | $22.1M | new |
| ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC NOTE 1.000%12/0 | principal | 24,689,000 | $21.5M | +18,241,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD Convertible | principal | 16,700,000 | $19.9M | new |
| FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP NOTE 0.375% 1/1 | principal | 18,133,000 | $19.7M | -2,472,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 17,343,000 | $19M | +6,326,000 |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 | principal | 19,719,000 | $18.7M | +18,238,000 |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 16,705,000 | $18.3M | +4,720,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 15,733,000 | $18M | +4,352,000 |
| MGP INGREDIENTS INC NEWMGP INGREDIENTS INC NEW NOTE 1.875%11/1 | principal | 17,275,000 | $16.6M | new |
| OKTA INCOKTA INC NOTE 0.375% 6/1 | principal | 16,906,000 | $16.5M | +12,249,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0 | principal | 13,010,000 | $16.4M | +5,116,000 |
| LIVANOVA PLCLIVANOVA PLC NOTE 2.500% 3/1 | principal | 15,085,000 | $16.3M | +5,090,000 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 17,825,000 | $16.2M | new |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 12,414,000 | $15.3M | +5,260,000 |
| SPECTRUM BRANDS INCSPECTRUM BRANDS INC Convertible Bond | principal | 16,221,000 | $15.1M | new |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 12,910,000 | $14.7M | +5,707,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 14,544,000 | $14.3M | +2,631,000 |
| SNAP INCSNAP INC NOTE 0.125% 3/0 | principal | 15,339,000 | $13.7M | -14,098,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 12,695,000 | $13.1M | +6,618,000 |
| TETRA TECH INC NEWTETRA TECH INC NEW DBCV 2.250% 8/1 | principal | 11,905,000 | $12.9M | +4,936,000 |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 12,963,000 | $12.9M | -3,148,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 13,060,000 | $12.8M | -10,441,000 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 10,471,000 | $12.5M | +5,460,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 9,240,000 | $12.1M | +2,047,000 |
| SNAP INCSNAP INC NOTE 5/0 | principal | 12,977,000 | $12M | +10,975,000 |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 11,716,000 | $11.2M | +2,895,000 |
| UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1 | principal | 11,443,000 | $10.9M | -458,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 10,757,000 | $10.6M | -7,299,000 |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 9,213,000 | $10.4M | +1,472,000 |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 12,833,000 | $9.88M | +6,333,000 |
| BLOCK INCBLOCK INC NOTE 5/0 | principal | 10,014,000 | $9.76M | +9,500,000 |
| DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1 | principal | 9,382,000 | $9.19M | -8,698,000 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0 | principal | 9,246,000 | $9.08M | +4,737,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 7,568,000 | $8.96M | +427,000 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 8,822,000 | $8.89M | +3,026,000 |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 8,148,000 | $8.48M | +1,203,000 |
| LI AUTO INCLI AUTO INC NOTE 0.250% 5/0 | principal | 7,279,000 | $8.32M | +3,982,000 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 8,120,000 | $7.54M | +1,095,000 |
| VERTEX INCVERTEX INC NOTE 0.750% 5/0 | principal | 7,250,000 | $7.39M | new |
| BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0 | principal | 8,630,000 | $7.37M | +4,329,000 |
| FIVE9 INCFIVE9 INC CNV | principal | 7,783,000 | $6.92M | new |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 6,939,000 | $6.83M | -212,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 6,275,000 | $6.62M | +5,375,000 |
| MAGNITE INCMAGNITE INC NOTE 0.250% 3/1 | principal | 6,637,000 | $6.49M | 0 |
| LCI INDSLCI INDS NOTE 1.125% 5/1 | principal | 6,406,000 | $6.16M | +6,245,000 |
| ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026 | principal | 6,376,000 | $6.13M | +930,000 |
| VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0 | principal | 6,090,000 | $6.02M | -1,368,000 |
| REDWOOD TRUST INCREDWOOD TRUST INC Convertible | principal | 5,583,000 | $5.6M | +1,738,000 |
| TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1 | principal | 4,224,000 | $5.4M | +228,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 5,411,000 | $5.4M | 0 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 4,557,000 | $5.08M | -8,902,000 |
| FRESHPET INCFRESHPET INC NOTE 3.000% 4/0 | principal | 4,300,000 | $4.84M | new |
| VERINT SYSTEMS INCVERINT SYSTEMS INC BOND | principal | 4,626,000 | $4.54M | -3,209,000 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 4,646,000 | $4.51M | -1,727,000 |
| FUBOTV INCFUBOTV INC NOTE 3.250% 2/1 | principal | 4,538,000 | $4.49M | -1,023,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 4,647,000 | $4.48M | -370,000 |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 4,908,000 | $4.41M | new |
| CALLAWAY GOLF COCALLAWAY GOLF CO NOTE 2.750% 5/0 | principal | 4,446,000 | $4.39M | +2,049,000 |
| NOVOCURE LTDNOVOCURE LTD NOTE 11/0 | principal | 4,337,000 | $4.31M | +1,952,000 |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1 | principal | 4,291,000 | $4.1M | 0 |
| TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 | principal | 3,724,000 | $3.72M | -1,041,000 |
| GUESS INCGUESS INC BOND | principal | 3,621,000 | $3.59M | -1,302,000 |
| UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1 | principal | 3,751,000 | $3.58M | +535,000 |
| NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1 | principal | 3,930,000 | $3.4M | +111,000 |
| CERENCE INCCERENCE INC NOTE 1.500% 7/0 | principal | 4,061,000 | $3.39M | -804,000 |
| BILL HOLDINGS INCBILL HOLDINGS INC NOTE 4/0 | principal | 3,357,000 | $3.13M | +635,000 |
| BLOCK INCBLOCK INC NOTE 0.250%11/0 | principal | 3,371,000 | $3.08M | +907,000 |
| Q2 HLDGS INCQ2 HLDGS INC NOTE 0.125%11/1 | principal | 2,701,000 | $2.68M | new |
| HERBALIFE LTDHERBALIFE LTD NOTE 4.250% 6/1 | principal | 2,847,000 | $2.65M | -895,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1 | principal | 1,850,000 | $2.6M | -250,000 |
| GROUPON INCGROUPON INC NOTE 1.125% 3/1 | principal | 2,382,000 | $2.3M | +1,046,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 1,950,000 | $2.22M | 0 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 1,503,000 | $2.21M | -1,660,000 |
| Esperion Therapeutics IncEsperion Therapeutics Inc NOTE 4.000%11/15/25 | principal | 2,114,000 | $2.11M | +651,000 |
| SNAP INCSNAP INC NOTE 0.75% 08/01/2026 | principal | 2,063,000 | $1.98M | new |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 2,031,000 | $1.92M | new |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 1,886,000 | $1.78M | -166,000 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 1,300,000 | $1.46M | 0 |
| LYFT INCLYFT INC Convertible | principal | 1,100,000 | $1.42M | new |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 900,000 | $1.37M | -1,685,000 |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 1,000,000 | $1.36M | -304,000 |
| PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 2/1 | principal | 1,354,000 | $1.33M | -2,315,000 |
| ZIFF DAVIS INCZIFF DAVIS INC DEBT 3.625% 3/0 | principal | 1,351,000 | $1.31M | new |
| FASTLY INCFASTLY INC NOTE 3/1 | principal | 1,354,000 | $1.3M | new |
| IRHYTHM HOLDINGS INCIRHYTHM HOLDINGS INC NOTE 1.500% 9/0 | principal | 900,000 | $1.24M | -150,000 |
| FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0 | principal | 1,049,000 | $1.05M | -4,210,000 |
| EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0 | principal | 1,015,000 | $818K | new |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SITIO ROYALTIES CORPSITIO ROYALTIES CORP | 12,945,551 | $238M | shares |
| XHBSPDR SERIES TRUST | 690,000 | $68M | put |
| ECECOPETROL S A | 3,549,822 | $31.4M | shares |
| BEKEKE HLDGS INC | 1,513,039 | $26.8M | shares |
| ECHOSTAR CORPECHOSTAR CORP | 21,447,560 | $25.3M | principal |
| WIX COM LTDWIX COM LTD | 21,116,000 | $21.1M | principal |
| OKTA INCOKTA INC | 20,241,000 | $20.1M | principal |
| UNITI GROUP INCUNITI GROUP INC | 3,397,592 | $14.7M | shares |
| ANYWHERE REAL ESTATE GROUP LANYWHERE REAL ESTATE GROUP L | 13,200,000 | $13M | principal |
| BRYBerry Corp | 3,697,000 | $10.2M | shares |
| YPFYPF SOCIEDAD ANONIMA | 324,330 | $10.2M | shares |
| DEXCOM INCDEXCOM INC | 8,288,000 | $7.82M | principal |
| H WORLD GROUP LTDH WORLD GROUP LTD | 6,884,000 | $7.28M | principal |
| CYTOKINETICS INCCYTOKINETICS INC | 6,692,000 | $7.14M | principal |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD | 5,397,000 | $6.9M | principal |
| MARRIOTT VACATION WORLDWMARRIOTT VACATION WORLDW | 6,746,000 | $6.53M | principal |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC | 3,997,000 | $6.14M | principal |
| NICE LTDNICE LTD | 6,124,000 | $6.06M | principal |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP | 6,380,000 | $5.92M | principal |
| WORKIVA INCWORKIVA INC | 6,248,000 | $5.8M | principal |
| INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C | 5,761,000 | $5.71M | principal |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS | 5,463,000 | $5.45M | principal |
| MESA LABS INCMESA LABS INC | 5,438,000 | $5.41M | principal |
| HDSNHUDSON TECHNOLOGIES INC | 562,662 | $4.57M | shares |
| BMABANCO MACRO S A | 60,591 | $4.25M | shares |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW | 3,750,000 | $3.97M | principal |
| SPOTIFY USA INCSPOTIFY USA INC | 2,000,000 | $3.03M | principal |
| SSR Mining IncSSR Mining Inc | 2,419,000 | $2.51M | principal |
| CLOUDFLARE INCCLOUDFLARE INC | 2,000,000 | $2.37M | principal |
| REDFIN CORPREDFIN CORP | 2,381,000 | $2.33M | principal |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC | 2,000,000 | $2M | principal |
| PG&E CORPPG&E CORP | 1,975,000 | $1.96M | principal |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC | 1,500,000 | $1.5M | principal |
| BAKBRASKEM SA | 453,167 | $1.49M | shares |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC | 1,377,000 | $1.36M | principal |
| SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC. | 106,199,000 | $1.33M | principal |
| PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP | 1,100,000 | $1.26M | principal |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC | 1,000,000 | $1.23M | principal |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC | 1,000,000 | $1.2M | principal |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP | 1,000,000 | $1.2M | principal |
| PAGERDUTY INCPAGERDUTY INC | 1,033,000 | $1.03M | principal |
| BLACKLINE INCBLACKLINE INC | 1,020,000 | $983K | principal |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC | 750,000 | $976K | principal |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN | 500,000 | $900K | principal |
| SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC. | 61,469,000 | $768K | principal |
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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000949509-25-000007 | base | 2025-11-13 | acceptance time not in the bulk data set |