← All managers

Oaktree Capital Management LP

The positions Oaktree Capital Management LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$7.2bn
+$649m on Q1 2026
Positions
145
40 new, 41 sold out
Top ten weight
55%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0000949509 · Value / activist · CA
Reported book by quarter
$0$3.6bn$7.2bnQ3 24: $6.2bn$6.2bnQ3 24Q4 24: $5.6bn$5.6bnQ4 24Q1 25: $5.2bn$5.2bnQ1 25Q2 25: $5.8bn$5.8bnQ2 25Q3 25: $6.5bn$6.5bnQ3 25Q4 25: $7.0bn$7.0bnQ4 25Q1 26: $6.6bn$6.6bnQ1 26Q2 26: $7.2bn$7.2bnQ2 26
Largest positions, share of the book
State Street Corp: 14%State Street Corp14%Invesco QQQ Trust Series 1 (QQQ): 9.0%Invesco QQQ Trust Serie…9.0%Torm PLC (TRMD): 7.3%Torm PLC (TRMD)7.3%Expand Energy Corp (EXE): 6.6%Expand Energy Corp (EXE)6.6%Garrett Motion Inc (GTX): 3.8%Garrett Motion Inc (GTX)3.8%Anglogold Ashanti PLC (AU): 3.6%Anglogold Ashanti PLC (…3.6%Indivior Pharmaceuticals Inc (INDV): 3.5%Indivior Pharmaceutical…3.5%Telephone and Data Systems Inc: 2.7%Telephone and Data Syst…2.7%Viper Energy Inc (VNOM): 2.2%Viper Energy Inc (VNOM)2.2%Core Scientific Inc: 1.8%Core Scientific Inc1.8%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • State Street Corp$1.0bn · 14%
  • Sea LTD$61m · 0.8%
  • Viasat Inc (VSAT)$57m · 0.8%
  • Makemytrip LTD (MMYT)$52m · 0.7%
  • Matthews International Corp (MATW)$52m · 0.7%
  • Visteon Corp (VC)$40m · 0.6%
  • Enovis Corp (ENOV)$38m · 0.5%
  • Quantum Corp$22m · 0.3%
  • Surgery Partners Inc (SGRY)$15m · 0.2%
  • Workiva Inc (WK)$14m · 0.2%
  • Etsy Inc (ETSY)$14m · 0.2%
  • Starwood Property Trust Inc (STWD)$12m · 0.2%
  • and 28 more, in the table below.

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • State Street SPDR S&P Oil & Gas Exploration & Production ETF$182m held before
  • Petroleo Brasileiro SA - Petrobras$126m held before
  • Jetblue Airways Corp (JBLU)$95m held before
  • Nokia Oyj$90m held before
  • CBL & Associates Properties Inc (CBL)$83m held before
  • American Water Capital Corp$56m held before
  • Coinbase Global Inc (COIN)$52m held before
  • Credo Technology Group Holding LTD (CRDO)$51m held before
  • Okta Inc (OKTA)$47m held before
  • Q2 Holdings Inc (QTWO)$41m held before
  • Block Inc$38m held before
  • Progress Software Corp$36m held before
  • and 29 more.

Every reported position, Q2 2026

145 positions, sorted by weight · page 2 of 2

PositionWeightValueSharesChange on the quarterAction
Liberty Latin America LTD
COMMON STOCK · CUSIP G9001E102
0.1%$6.6m839,020
-$700k
0 shares
Held
Sarepta Therapeutics Inc (SRPT)
CONVERTIBLE BOND · CUSIP 803607AD2
0.1%$6.3m6,709,000No earlier filingNew
Lci Industries (LCII)
CONVERTIBLE BOND · CUSIP 501812AD3
0.1%$6.3m5,650,000No earlier filingNew
Uber Technologies Inc (UBER)
CONVERTIBLE BOND · CUSIP 90353TAS9
0.1%$6.2m5,400,000No earlier filingNew
Bill Holdings Inc (BILL)
CONVERTIBLE BOND · CUSIP 090043AD2
0.1%$6.1m6,330,000
+$2.9m
+3,024,000 shares
Added
Green Plains Inc (GPRE)
CONVERTIBLE BOND · CUSIP 393222AK0
0.1%$4.9m4,998,000
unchanged
0 shares
Held
Gladstone Capital Corp (GLAD)
CONVERTIBLE BOND · CUSIP 376535AG5
0.1%$4.8m4,999,000
+$3.0m
+3,101,000 shares
Added
Magnachip Semiconductor Corp (MX)
COMMON STOCK CALL · CUSIP 55933J203
0.1%$4.7m1,000,000No earlier filingNew
Strategy Inc
CONVERTIBLE BOND · CUSIP 594972AS0
0.1%$4.7m5,451,000
-$5.3m
-6,629,000 shares
Trimmed
Firstenergy Corp (FE)
CONVERTIBLE BOND · CUSIP 337932AT4
0.1%$4.7m4,280,000No earlier filingNew
Rubrik Inc (RBRK)
CONVERTIBLE BOND · CUSIP 781154AD1
0.1%$4.6m4,504,000No earlier filingNew
Northern Oil & Gas Inc (NOG)
CONVERTIBLE BOND · CUSIP 665531AJ8
0.1%$4.4m4,614,000
+$2.2m
+2,614,000 shares
Added
Battalion Oil Corp (BATL)
COMMON STOCK · CUSIP 07134L107
0.1%$3.9m3,009,912
-$7.8m
0 shares
Held
DPC Holdings LTD (DPC)
COMMON STOCK · CUSIP G2R11M108
0.1%$3.7m75,000No earlier filingNew
Rivian Automotive Inc
CONVERTIBLE BOND · CUSIP 76954AAD5
0.1%$3.6m3,400,000
+$2.4m
+2,100,000 shares
Added
Ziff Davis Inc (ZD)
CONVERTIBLE BOND · CUSIP 48123VAH5
0.0%$3.5m3,496,000
+$100k
0 shares
Held
Transmedics Group Inc (TMDX)
CONVERTIBLE BOND · CUSIP 89377MAB5
0.0%$3.4m3,131,000No earlier filingNew
Service Properties Trust (SVC)
COMMON STOCK · CUSIP 81761L102
0.0%$3.4m1,988,382No earlier filingNew
Wec Energy Group Inc (WEC)
CONVERTIBLE BOND · CUSIP 92939UAT3
0.0%$3.3m3,214,000No earlier filingNew
Akamai Technologies Inc (AKAM)
CONVERTIBLE BOND · CUSIP 00971TAN1
0.0%$3.1m2,631,000
-$3.0m
-2,766,000 shares
Trimmed
Norwegian Cruise Line Holdings LTD (NCLH)
CONVERTIBLE BOND · CUSIP 62886HBD2
0.0%$2.8m2,874,000No earlier filingNew
Nutanix Inc (NTNX)
CONVERTIBLE BOND · CUSIP 67059NAH1
0.0%$2.5m2,200,000
-$5.3m
-5,400,000 shares
Trimmed
MGP Ingredients Inc (MGPI)
CONVERTIBLE BOND · CUSIP 55303JAB2
0.0%$2.5m2,515,000
-$3.6m
-3,736,000 shares
Trimmed
Uber Technologies Inc (UBER)
CONVERTIBLE BOND · CUSIP 90353TAM2
0.0%$2.4m2,000,000
unchanged
0 shares
Held
Live Nation Entertainment Inc (LYV)
CONVERTIBLE BOND · CUSIP 538034BC2
0.0%$2.2m1,813,000
+$200k
0 shares
Held
Haemonetics Corp (HAE)
CONVERTIBLE BOND · CUSIP 405024AD2
0.0%$2.1m2,090,000
+$1.3m
+1,253,000 shares
Added
Datadog Inc (DDOG)
CONVERTIBLE BOND · CUSIP 23804LAD5
0.0%$2.0m1,400,000
-$5.5m
-6,299,000 shares
Trimmed
Bioxcel Therapeutics Inc (BTAI)
COMMON STOCK · CUSIP 09075P204
0.0%$1.9m1,380,248
+$1.6m
+1,139,060 shares
Added
NN Inc (NNBR)
COMMON STOCK · CUSIP 629337106
0.0%$1.8m510,943No earlier filingNew
Fluor Corp (FLR)
CONVERTIBLE BOND · CUSIP 343412AJ1
0.0%$1.7m1,271,000
unchanged
-100,000 shares
Trimmed
Groupon Inc (GRPN)
CONVERTIBLE BOND · CUSIP 399473AK3
0.0%$1.7m1,677,000No earlier filingNew
On Semiconductor Corp (ON)
CONVERTIBLE BOND · CUSIP 682189AU9
0.0%$1.5m1,250,000No earlier filingNew
Telecom Argentina SA
COMMON STOCK · CUSIP 879273209
0.0%$1.5m116,105
-$18m
-1,506,139 shares
Trimmed
Revolution Medicines Inc
CONVERTIBLE BOND · CUSIP 76155XAA8
0.0%$1.4m1,150,000No earlier filingNew
Cemex Sab de CV
COMMON STOCK · CUSIP 151290889
0.0%$1.2m100,000
-$30m
-2,663,083 shares
Trimmed
Alvotech SA
WARRANT · CUSIP L01800116
0.0%$1.1m4,666,667
-$100k
0 shares
Held
Neogenomics Inc (NEO)
CONVERTIBLE BOND · CUSIP 64049MAB6
0.0%$1.0m1,045,000
-$4.1m
-4,530,000 shares
Trimmed
Alibaba Group Holding LTD
CONVERTIBLE BOND · CUSIP 01609WBG6
0.0%$900k750,000No earlier filingNew
Snap Inc (SNAP)
CONVERTIBLE BOND · CUSIP 83304AAB2
0.0%$900k877,000
-$2.8m
-2,890,000 shares
Trimmed
Immunocore Holdings PLC (IMCR)
CONVERTIBLE BOND · CUSIP 45258DAB1
0.0%$800k833,000
unchanged
0 shares
Held
Sunopta Inc
COMMON STOCK · CUSIP 8676EP108
0.0%$400k74,314
-$134m
-20,651,812 shares
Trimmed
Rice Acquisition Corp 3
WARRANT · CUSIP G7553X114
0.0%$400k399,999
+$100k
0 shares
Held
Alvotech SA
COMMON STOCK · CUSIP L01800108
0.0%$400k97,982
unchanged
-142,056 shares
Trimmed
Shake Shack Inc (SHAK)
CONVERTIBLE BOND · CUSIP 819047AB7
0.0%$300k270,000No earlier filingNew
Office Properties Income Trust/md
COMMON STOCK · CUSIP 67623C307
0.0%$200k10,851No earlier filingNew

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$7.2bn14555%13F-HR
Q1 202631 Mar 202620 May 2026$6.6bn14747%13F-HR
Q4 202531 Dec 202517 Feb 2026$7.0bn17244%13F-HR
Q3 202530 Sept 202513 Nov 2025$6.5bn16548%13F-HR
Q2 202530 Jun 202513 Aug 2025$5.8bn17856%13F-HR
Q1 202531 Mar 202515 May 2025$5.2bn16853%13F-HR
Q4 202431 Dec 202412 Feb 2025$5.6bn16553%13F-HR
Q3 202430 Sept 202414 Nov 2024$6.2bn16856%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More