Oaktree Capital Management portfolio Q2 2026 — 13F holdings, buys and sells

$7.2BReported value

145Positions

36 / 42New / Sold out

New positions

36

Security	Ticker	Value ($)	Weight	Shares	vs prior quarter
Sea	SE	60.9M	0.85%	635,443	New
Viasat	VSAT	56.6M	0.79%	630,280	New
Makemytrip	MMYT	52.4M	0.73%	983,068	New
Matthews International	MATW	51.8M	0.72%	1,925,992	New
Enovis	—	37.8M	0.52%	39,207,000	New
Quantum	QMCO	22.1M	0.31%	2,011,678	New
Surgery Partners	SGRY	14.5M	0.20%	862,588	New
Workiva	—	14.0M	0.19%	14,970,000	New
Etsy	—	13.9M	0.19%	11,974,000	New
Starwood Property Trust	—	12.1M	0.17%	11,894,933	New
Cloudflare	—	10.2M	0.14%	8,050,000	New
Freshpet	—	9.2M	0.13%	7,913,000	New
Alphatec	—	9.1M	0.13%	9,177,000	New
Sitime	—	8.1M	0.11%	7,300,000	New
Doordash	—	8.0M	0.11%	8,089,000	New
Celcuity	—	7.1M	0.10%	6,250,000	New
Workiva	—	7.1M	0.10%	7,100,000	New
Cracker Barrel Old Country Store	—	6.9M	0.10%	6,708,000	New
Etsy	—	6.9M	0.10%	7,233,000	New
Sarepta Therapeutics	—	6.3M	0.09%	6,709,000	New
Lci Industries	—	6.3M	0.09%	5,650,000	New
Uber Technologies	—	6.2M	0.09%	5,400,000	New
Firstenergy	—	4.7M	0.06%	4,280,000	New
Rubrik	—	4.6M	0.06%	4,504,000	New
DPC Holdings	DPC	3.7M	0.05%	75,000	New

Sold out

40

Security	Ticker	Value ($)	Weight	Shares	vs prior quarter
Petroleo Brasileiro Sa - Petrobras	PBR	126M	—	6,089,413	Sold out
Jetblue Airways	—	94.8M	—	95,093,000	Sold out
Nokia Oyj	NOK	90.1M	—	11,200,308	Sold out
CBL & Associates Properties	CBL	82.8M	—	2,153,717	Sold out
American Water Capital	—	55.8M	—	55,921,000	Sold out
Coinbase Global	—	52.2M	—	52,633,000	Sold out
Credo Technology Group	CRDO	50.6M	—	539,000	Sold out
Okta	—	46.7M	—	46,973,000	Sold out
Q2	—	40.9M	—	41,053,000	Sold out
Block	—	37.7M	—	37,779,000	Sold out
Progress Software	—	36.1M	—	36,154,000	Sold out
Ecovyst	ECVT	30.8M	—	2,393,791	Sold out
Cracker Barrel Old Country Store	—	25.7M	—	26,175,000	Sold out
Synaptics	—	14.3M	—	13,815,000	Sold out
Penn Entertainment	—	9.6M	—	9,562,000	Sold out
Optimum Communications	OPTU	9.5M	—	7,330,490	Sold out
Callaway Golf	—	9.2M	—	9,166,000	Sold out
Lci Industries	—	9.1M	—	9,138,000	Sold out
Repligen	—	8.8M	—	8,997,000	Sold out
Trip.Com Group	—	7.9M	—	7,588,000	Sold out
Illumination Acquisition Corp I	ILLU	7.4M	—	750,000	Sold out
NRG Energy	NRG	7.2M	—	49,028	Sold out
Pg&E	—	4.1M	—	4,000,000	Sold out
Invesco Senior Income Trust	BKLN	4.1M	—	200,020	Sold out
Southern Co/The	—	3.7M	—	3,357,000	Sold out

Added to

48

Security	Ticker	Value ($)	Weight	Shares	vs prior quarter
Telephone And Data Systems	TDS	196M	2.71%	5,282,905	▲ 23%
Barrick Mining	B	118M	1.63%	3,206,087	▲ 22%
Oaktree Specialty Lending	OCSL	94.0M	1.30%	7,872,199	▲ 325%
Pebblebrook Hotel Trust	—	63.1M	0.88%	63,534,000	▲ 10%
Biomarin Pharmaceutical	—	62.4M	0.87%	64,025,000	▲ 14%
Sea	—	62.1M	0.86%	62,567,000	▲ 31%
Etsy	—	61.2M	0.85%	66,836,000	▲ 9%
Liberty Latin America	—	58.9M	0.82%	7,559,083	▲ 31%
Enphase Energy	—	57.6M	0.80%	61,820,000	▲ 9%
Dexcom	—	57.1M	0.79%	61,148,000	▲ 51%
Bausch Lomb	BLCO	57.0M	0.79%	3,441,042	▲ 2%
Marriott Vacations Worldwide	—	56.0M	0.78%	56,893,000	▲ 9%
Draftkings	—	54.5M	0.76%	58,501,000	▲ 32%
Conmed	—	52.5M	0.73%	53,645,000	▲ 48%
Teladoc Health	—	52.3M	0.73%	53,624,000	▲ 62%

Trimmed

33

Security	Ticker	Value ($)	Weight	Shares	vs prior quarter
Torm	TRMD	524M	7.28%	20,329,874	▼ 15%
Garrett Motion	GTX	275M	3.82%	7,594,816	▼ 48%
Anglogold Ashanti	AU	257M	3.57%	3,179,092	▼ 1%
Indivior Pharmaceuticals	INDV	251M	3.49%	6,127,212	▼ 12%
Core Scientific	CORZ	128M	1.77%	4,993,708	▼ 47%
Itau Unibanco	ITUB	97.9M	1.36%	11,977,665	▼ 2%
Freeport-Mcmoran	FCX	75.5M	1.05%	1,201,122	▼ 2%
Riot Platforms	—	52.3M	0.73%	26,000,000	▼ 67%
XP	XP	50.7M	0.70%	3,116,809	▼ 2%
Transalta	TAC	41.5M	0.58%	3,000,000	▼ 53%
Embraer	EMBJ	28.1M	0.39%	439,706	▼ 2%
Array Digital Infrastructure	AD	25.3M	0.35%	696,858	▼ 4%
Sharonai	SHAZ	24.5M	0.34%	289,456	▼ 71%
Spectrum Brands	—	24.5M	0.34%	23,452,000	▼ 10%
Ternium	TX	24.4M	0.34%	572,324	▼ 2%

Security

Ticker

Value ($)

Weight

Shares

vs prior quarter

Torm

TRMD

524M

7.28%

20,329,874

▼ 15%

Garrett Motion

GTX

275M

3.82%

7,594,816

▼ 48%

Anglogold Ashanti

AU

257M

3.57%

3,179,092

▼ 1%

Indivior Pharmaceuticals

INDV

251M

3.49%

6,127,212

▼ 12%

Core Scientific

CORZ

128M

1.77%

4,993,708

▼ 47%

Itau Unibanco

ITUB

97.9M

1.36%

11,977,665

▼ 2%

Freeport-Mcmoran

FCX

75.5M

1.05%

1,201,122

▼ 2%

Riot Platforms

—

52.3M

0.73%

26,000,000

▼ 67%

XP

50.7M

0.70%

3,116,809

▼ 2%

Transalta

TAC

41.5M

0.58%

3,000,000

▼ 53%

Embraer

EMBJ

28.1M

0.39%

439,706

▼ 2%

Array Digital Infrastructure

AD

25.3M

0.35%

696,858

▼ 4%

Sharonai

SHAZ

24.5M

0.34%

289,456

▼ 71%

Spectrum Brands

—

24.5M

0.34%

23,452,000

▼ 10%

Ternium

TX

24.4M

0.34%

572,324

▼ 2%

All holdings

145

CSV ↓

Security	Ticker	Value ($)	Weight	Shares	vs prior quarter
State Street (PUT)	SPY	1.0B	14.0%	1,355,000	New
Invesco QQQ Trust Series 1 (PUT)	QQQ	652M	9.04%	885,000	▲ 55%
Torm	TRMD	524M	7.28%	20,329,874	▼ 15%
Expand Energy	EXE	478M	6.63%	5,237,477	–
Garrett Motion	GTX	275M	3.82%	7,594,816	▼ 48%
Anglogold Ashanti	AU	257M	3.57%	3,179,092	▼ 1%
Indivior Pharmaceuticals	INDV	251M	3.49%	6,127,212	▼ 12%
Telephone And Data Systems	TDS	196M	2.71%	5,282,905	▲ 23%
Viper Energy	VNOM	161M	2.23%	3,791,432	–
Core Scientific (CALL)	CORZ	128M	1.78%	5,000,000	▲ 43%
Core Scientific	CORZ	128M	1.77%	4,993,708	▼ 47%
Talen Energy	TLN	127M	1.77%	331,117	–
Barrick Mining	B	118M	1.63%	3,206,087	▲ 22%
Itau Unibanco	ITUB	97.9M	1.36%	11,977,665	▼ 2%
Liberty Global	LBTYA	97.2M	1.35%	8,551,191	–
Oaktree Specialty Lending	OCSL	94.0M	1.30%	7,872,199	▲ 325%
Freeport-Mcmoran	FCX	75.5M	1.05%	1,201,122	▼ 2%
Grupo Aeromexico Sab De CV	AERO	71.4M	0.99%	3,968,686	–
Kilroy Realty	KRC	69.3M	0.96%	1,850,011	–
Pebblebrook Hotel Trust	—	63.1M	0.88%	63,534,000	▲ 10%
Biomarin Pharmaceutical	—	62.4M	0.87%	64,025,000	▲ 14%
Sea	—	62.1M	0.86%	62,567,000	▲ 31%
Etsy	—	61.2M	0.85%	66,836,000	▲ 9%
Sea	SE	60.9M	0.85%	635,443	New
Liberty Latin America	—	58.9M	0.82%	7,559,083	▲ 31%
Enphase Energy	—	57.6M	0.80%	61,820,000	▲ 9%
Dexcom	—	57.1M	0.79%	61,148,000	▲ 51%
Bausch Lomb	BLCO	57.0M	0.79%	3,441,042	▲ 2%
Viasat	VSAT	56.6M	0.79%	630,280	New
Echostar	—	56.3M	0.78%	18,000,001	–
Marriott Vacations Worldwide	—	56.0M	0.78%	56,893,000	▲ 9%
Draftkings	—	54.5M	0.76%	58,501,000	▲ 32%
Conmed	—	52.5M	0.73%	53,645,000	▲ 48%
Makemytrip	MMYT	52.4M	0.73%	983,068	New
Riot Platforms	—	52.3M	0.73%	26,000,000	▼ 67%
Teladoc Health	—	52.3M	0.73%	53,624,000	▲ 62%
Bentley Systems	—	52.2M	0.72%	54,264,000	▲ 15%
Matthews International	MATW	51.8M	0.72%	1,925,992	New
XP	XP	50.7M	0.70%	3,116,809	▼ 2%
Unity Software	—	48.6M	0.67%	49,426,000	▲ 38%
Five9	—	47.4M	0.66%	53,306,000	▲ 145%
Lyondellbasell Industries (PUT)	LYB	47.4M	0.66%	900,000	▲ 80%
Shift4 Payments	—	46.3M	0.64%	48,444,000	▲ 78%
YPF	YPF	45.1M	0.63%	991,346	▲ 12%
Transalta	TAC	41.5M	0.58%	3,000,000	▼ 53%
Visteon (PUT)	VC	39.7M	0.55%	400,000	New
Runway Growth Finance	RWAY	39.4M	0.55%	7,029,667	–
Enovis	—	37.8M	0.52%	39,207,000	New
Amphastar Pharmaceuticals	—	37.2M	0.52%	40,880,000	▲ 7%
Affirm	—	34.3M	0.48%	34,815,000	▲ 202%
Array Technologies	—	31.6M	0.44%	33,985,000	▲ 9%
Embraer	EMBJ	28.1M	0.39%	439,706	▼ 2%
Snap	—	26.7M	0.37%	28,018,000	▲ 42%
Array Digital Infrastructure	AD	25.3M	0.35%	696,858	▼ 4%
Rice Acquisition Corp 3	KRSP	25.2M	0.35%	2,400,000	–
Sharonai	SHAZ	24.5M	0.34%	289,456	▼ 71%
Spectrum Brands	—	24.5M	0.34%	23,452,000	▼ 10%
Ternium	TX	24.4M	0.34%	572,324	▼ 2%
Quantum	QMCO	22.1M	0.31%	2,011,678	New
Winnebago Industries	—	18.7M	0.26%	20,074,000	▲ 114%
Block	—	17.1M	0.24%	17,983,000	▲ 64%
Snap	—	16.1M	0.22%	17,474,000	▲ 191%
Simply Good Foods Co/The	SMPL	16.0M	0.22%	1,203,889	▲ 7%
Cogent Biosciences	—	14.8M	0.20%	11,890,000	▲ 16%
Surgery Partners	SGRY	14.5M	0.20%	862,588	New
Blackstone Mortgage Trust	—	14.1M	0.20%	14,064,000	▲ 9%
Upwork	—	14.0M	0.19%	14,154,000	▲ 13%
Workiva	—	14.0M	0.19%	14,970,000	New
Etsy	—	13.9M	0.19%	11,974,000	New
Redfin	—	13.5M	0.19%	14,041,000	▲ 53%
Starwood Property Trust	—	12.1M	0.17%	11,894,933	New
Bitdeer Technologies Group (CALL)	BTDR	11.9M	0.17%	750,000	New
Snowflake	—	11.9M	0.17%	7,147,000	▲ 347%
Nabors Industries	—	11.3M	0.16%	11,880,000	▼ 26%
Aerovironment	—	11.3M	0.16%	11,799,000	▲ 14%
Itron	—	11.2M	0.16%	11,216,000	▲ 8%
Ziff Davis	—	11.1M	0.15%	11,230,000	▲ 11%
Mayfair Gold	MINE	11.1M	0.15%	4,500,000	–
Arrowhead Pharmaceuticals	—	11.0M	0.15%	9,146,000	▼ 17%
Blue Moon Metals	BMM	10.7M	0.15%	1,685,000	–
Envista Holdings	—	10.3M	0.14%	10,206,000	▼ 36%
Cloudflare	—	10.2M	0.14%	8,050,000	New
Rapid7	—	9.7M	0.13%	10,061,000	▲ 503%
Freshpet	—	9.2M	0.13%	7,913,000	New
Alphatec	—	9.1M	0.13%	9,177,000	New
Smartrent	SMRT	8.9M	0.12%	7,505,294	–
Upstart	—	8.3M	0.11%	8,312,000	▲ 71%
Sitime	—	8.1M	0.11%	7,300,000	New
Redwood Trust	—	8.0M	0.11%	7,881,000	▼ 4%
Doordash	—	8.0M	0.11%	8,089,000	New
JD.Com	—	7.9M	0.11%	8,065,000	▼ 27%
Alarm.Com	—	7.8M	0.11%	8,171,000	▲ 711%
Pennymac Mortgage Investment Trust	—	7.3M	0.10%	7,101,000	▲ 79%
Cerence	—	7.2M	0.10%	7,887,000	▲ 33%
Celcuity	—	7.1M	0.10%	6,250,000	New
Magnachip Semiconductor	MX	7.1M	0.10%	1,500,000	▼ 47%
Workiva	—	7.1M	0.10%	7,100,000	New
Cracker Barrel Old Country Store	—	6.9M	0.10%	6,708,000	New
Etsy	—	6.9M	0.10%	7,233,000	New
Pagerduty	—	6.7M	0.09%	7,125,000	▲ 20%
Liberty Latin America	—	6.6M	0.09%	839,020	–
Sarepta Therapeutics	—	6.3M	0.09%	6,709,000	New
Lci Industries	—	6.3M	0.09%	5,650,000	New
Uber Technologies	—	6.2M	0.09%	5,400,000	New
Bill	—	6.1M	0.09%	6,330,000	▲ 91%
Green Plains	—	4.9M	0.07%	4,998,000	–
Gladstone Capital	—	4.8M	0.07%	4,999,000	▲ 163%
Magnachip Semiconductor (CALL)	MX	4.7M	0.07%	1,000,000	New
Strategy	—	4.7M	0.07%	5,451,000	▼ 55%
Firstenergy	—	4.7M	0.06%	4,280,000	New
Rubrik	—	4.6M	0.06%	4,504,000	New
Northern Oil & Gas	—	4.4M	0.06%	4,614,000	▲ 131%
Battalion Oil	BATL	3.9M	0.05%	3,009,912	–
DPC Holdings	DPC	3.7M	0.05%	75,000	New
Rivian Automotive	—	3.6M	0.05%	3,400,000	▲ 162%
Ziff Davis	—	3.5M	0.05%	3,496,000	–
Transmedics Group	—	3.4M	0.05%	3,131,000	New
Service Properties Trust	—	3.4M	0.05%	1,988,382	New
Wec Energy Group	—	3.3M	0.05%	3,214,000	New
Akamai Technologies	—	3.1M	0.04%	2,631,000	▼ 51%
Norwegian Cruise Line	—	2.8M	0.04%	2,874,000	New
Nutanix	—	2.5M	0.03%	2,200,000	▼ 71%
MGP Ingredients	—	2.5M	0.03%	2,515,000	▼ 60%
Uber Technologies	—	2.4M	0.03%	2,000,000	–
Live Nation Entertainment	—	2.2M	0.03%	1,813,000	–
Haemonetics	—	2.1M	0.03%	2,090,000	▲ 150%
Datadog	—	2.0M	0.03%	1,400,000	▼ 82%
Bioxcel Therapeutics	BTAIQ	1.9M	0.03%	1,380,248	▲ 472%
NN	NNBR	1.8M	0.03%	510,943	New
Fluor	—	1.7M	0.02%	1,271,000	▼ 7%
Groupon	—	1.7M	0.02%	1,677,000	New
On Semiconductor	—	1.5M	0.02%	1,250,000	New
Telecom Argentina	TEO	1.5M	0.02%	116,105	▼ 93%
Revolution Medicines	—	1.4M	0.02%	1,150,000	New
Cemex Sab De CV	CX	1.2M	0.02%	100,000	▼ 96%
Alvotech	—	1.1M	0.01%	4,666,667	–
Neogenomics	—	1.0M	0.01%	1,045,000	▼ 81%
Alibaba Group	—	0.9M	0.01%	750,000	New
Snap	—	0.9M	0.01%	877,000	▼ 77%
Immunocore Holdings	—	0.8M	0.01%	833,000	–
Sunopta	STKL	0.4M	0.01%	74,314	▼ 100%
Rice Acquisition Corp 3	—	0.4M	0.01%	399,999	–
Alvotech	ALVO	0.4M	0.01%	97,982	▼ 59%
Shake Shack	—	0.3M	0.00%	270,000	New
Office Properties Income Trust/Md	OPI	0.2M	0.00%	10,851	New

Portfolio map · Q2 2026 (area = weight, color = change vs prior quarter)

신규늘림유지줄임

Reported US holdings by quarter (12 quarters)

Reported valuePositions

Oaktree Capital Management reported $6892B at the end of Q3 2023 and $7.2B at the end of Q2 2026. Held in all 12 quarters: Torm, Expand Energy, Garrett Motion, Anglogold Ashanti, Oaktree Specialty Lending, Freeport-Mcmoran, Kilroy Realty, Pebblebrook Hotel Trust.

If you had bought then

Q1 2026 → Q2 2026

Bought Oaktree Capital Management's top 9 holdings at the end of Q1 2026, in its weights, and they were -5.0% by the end of Q2 2026. The S&P 500 ETF (SPY) moved +14.8% over the same dates.

-5.0%Top 9, weighted

+14.8%S&P 500 (SPY)

-19.8%pDifference

Stock	Weight	Q1 2026 end	Q2 2026 end	Change
Torm	24.1%	$28.32	$25.78	-9.0%
Expand Energy	20.5%	$109.78	$91.19	-16.9%
Anglogold Ashanti	11.2%	$97.36	$80.94	-16.9%
Indivior Pharmaceuticals	7.60%	$30.48	$41.03	+34.6%
Telephone And Data Systems	6.45%	$42.10	$37.01	-12.1%
Viper Energy	6.36%	$46.99	$42.40	-9.8%
Core Scientific	4.99%	$14.96	$25.59	+71.1%
Sunopta	4.79%	$6.48	$5.47	-15.5%
Petroleo Brasileiro Sa - Petrobras	4.51%	$20.75	$16.16	-22.1%

Prices are the quarter-end values reported in 13F filings (value ÷ shares, median across tracked filers), adjusted for confirmed splits; dividends excluded. 13F shows only quarter-end holdings, so this is not the investor's actual return. Past performance does not indicate future results.

Key points

Largest: Torm, 7.28% of reported US holdings ($524M) at the end of Q2 2026.
New buys: 36 new positions, largest: Sea, Viasat, Makemytrip.
Sold out: 40 positions, including Petroleo Brasileiro Sa - Petrobras, Jetblue Airways, Nokia Oyj.
As of: It is Oaktree Capital Management's Form 13F for the quarter ending 2026-06-30, filed 2026-08-14. 13F filings are due 45 days after quarter end and list US-listed long positions only.

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