Institutional Manager · CIK 0001604350
Glendon Capital Management LP
Santa Monica, CA · File #028-16576
Latest AUM
$1.68B
Positions
25
Top-10 Concentration
93.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | FRONTIER COMMUNICATIONS PARE | 35909D109 | -3,242,180 | -$123.4M | +$17.4M |
| REDUCE | DIEBOLD NIXDORF INC | DBD | -391,032 | -$26.5M | +$12.8M |
| REDUCE | EXPAND ENERGY CORPORATION | EXE | -123,840 | -$13.7M | +$8.8M |
| NEW | CINEMARK HLDGS INC | CNK | +519,125 | +$12.1M | $0 |
| REDUCE | ALLY FINL INC | 02005N100 | -255,114 | -$11.6M | +$14.2M |
| REDUCE | VISTRA CORP | VST | -65,673 | -$10.6M | -$22.7M |
| ADD | BEACON FINANCIAL CORP | BBT | +208,771 | +$5.5M | +$458,619 |
| REDUCE | STEALTHGAS INC | GASS | -143,146 | -$1.0M | +$2.3M |
| EXITED | ORION OFFICE REIT INC | 68629Y103 | -359,563 | -$970,820 | $0 |
| NEW | EXPAND ENERGY CORPORATION | EXE | +9,329 | +$929,635 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202525 pos · $1.68B
- 13F HOLDINGS REPORTQ/E Sep 202524 pos · $1.83B
- 13F HOLDINGS REPORTQ/E Jun 202524 pos · $1.82B
- 13F HOLDINGS REPORTQ/E Mar 202525 pos · $1.73B
- 13F HOLDINGS REPORTQ/E Dec 202424 pos · $1.66B
- 13F HOLDINGS REPORTQ/E Sep 202424 pos · $1.63B
- 13F HOLDINGS REPORTQ/E Jun 202422 pos · $1.31B
- 13F HOLDINGS REPORTQ/E Mar 202422 pos · $1.29B
- 13F HOLDINGS REPORTQ/E Dec 202321 pos · $1.03B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | FRONTIER COMMUNICATIONS PARE | 35909D109 | 20,916,439 | $796.3M | 47.39% |
| 2 | EXPAND ENERGY CORPORATION | EXE | 2,008,514 | $221.5M | 13.18% |
| 3 | NRG ENERGY INC | NRG | 630,351 | $100.4M | 5.97% |
| 4 | TALEN ENERGY CORP | TLN | 264,942 | $99.3M | 5.91% |
| 5 | VISTRA CORP | VST | 591,059 | $95.4M | 5.67% |
| 6 | ALLY FINL INC | 02005N100 | 2,083,219 | $94.3M | 5.61% |
| 7 | DIEBOLD NIXDORF INC | DBD | 787,312 | $53.5M | 3.18% |
| 8 | ENACT HLDGS INC | ACT | 1,298,718 | $51.5M | 3.06% |
| 9 | STEALTHGAS INC | GASS | 4,739,902 | $33.3M | 1.98% |
| 10 | AFFIRM HLDGS INC | AFRM | 417,100 | $31.0M | 1.85% |
| 11 | WESBANCO INC | WSBCO | 909,091 | $30.2M | 1.80% |
| 12 | CHORD ENERGY CORPORATION | CHRD | 297,550 | $27.6M | 1.64% |
| 13 | CINEMARK HLDGS INC | CNK | 519,125 | $12.1M | 0.72% |
| 14 | BEACON FINANCIAL CORP | BBT | 381,184 | $10.1M | 0.60% |
| 15 | NATIONAL CINEMEDIA INC | NCMI | 1,678,903 | $6.5M | 0.39% |
| 16 | FIVE POINT HOLDINGS LLC | FPH | 1,158,162 | $6.5M | 0.39% |
| 17 | NCR ATLEOS CORPORATION | NATL | 143,500 | $5.5M | 0.33% |
| 18 | SERVICE PPTYS TR | 81761L102 | 692,346 | $1.3M | 0.08% |
| 19 | TRAEGER INC | COOK | 1,020,960 | $1.1M | 0.07% |
| 20 | AFFIRM HLDGS INC | AFRM | 1,074,000 | $1.0M | 0.06% |