Glendon Capital Management LP

Registered adviser

CIK

1604350

Location

SANTA MONICA, CA

Portfolio Value

Small $771,572,052

Diversification

Diversified

Filing Date

Global Rank

#2,964 / 8,819 ▼ 310

Top Industry

Utilities - Independent Power Producers 29.5%

Period ended 4 months ago

Filed Aug 12, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 166119

Roster of Oct 1, 2026

Regulatory AUM

$5,238,483,111

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

3 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$5,198,559,175 gross assets

LEI

549300668N26EAR84W27

Private funds on Schedule D 7.B.(1)

As filed Mar 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$6,069,198,592 gross assets in 3 funds Hedge funds $6,069,198,592 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$5,238,483,111	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$5,652,403,454	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$6,140,473,801	Pooled investment vehicles (100%)
Jun 2023 to Mar 2024	$4,446,651,750	Pooled investment vehicles (100%)
May 2023	$4,446,651,750	Pooled investment vehicles (100%)
Apr 2023	$4,446,651,750	Pooled investment vehicles (100%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 91.0% of the book (60%+)

Turnover

Low turnover

9.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.1 quarters (12+), a floor since 30.0% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 98.9%; sector active share 72.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

24 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

23.9%

−3.7 pts

Top 5

69.5%

−0.6 pts

Top 10

91.0%

−1.2 pts

HHI

1,219

Diversified−112

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	33.0%	$254,639,295	6
Utilities	29.5%	$227,778,396	3
Energy	26.7%	$205,947,759	4
Industrials	4.9%	$37,469,774	2
Technology	3.2%	$24,556,926	2
Real Estate	1.2%	$9,080,467	2
Communication Services	1.1%	$8,438,822	2
Consumer Cyclical	0.4%	$3,219,204	2
Consumer Defensive	0.1%	$441,409	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
OCFC	Oceanfirst Financial Corp	+264,042	539,542	$10,537,255
NRG	Nrg Energy, Inc.	+139,360	712,345	$104,045,110
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
CNK	Cinemark Holdings, Inc.	−194,672	64,891	$2,058,991
TLN	Talen Energy Corp	−177,231	79,793	$30,661,258
GASS	StealthGas Inc.	−126,518	4,613,384	$36,445,733
VST	Vistra Corp.	−42,635	586,724	$93,072,028
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
AZUL	Azul SA	113,909	$1,024,041
AMBP	Ardagh Metal Packaging S.A.	47,852	$226,818
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
SVC	Service Properties Trust	692,346	$941,590
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 tracked positions · $771,572,052 total · filing declares 26 positions · $772,554,927 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
EXE	EXPAND ENERGY Corp Energy	Held	2,019,894	0	$184,194,133	−16.9%	22	$46.00	23.87%
NRG	Nrg Energy, Inc. Utilities	Added	712,345	+139,360	$104,045,110	+24.3%	24	$70.72	13.48%
ALLY	Ally Financial Inc. Financial Services	Held	2,083,219	0	$95,723,913	+17.1%	26+	before history	12.41%
VST	Vistra Corp. Utilities	Reduced	586,724	-42,635	$93,072,028	−1.6%	26+	before history	12.06%
ACT	Enact Holdings, Inc. Financial Services	Held	1,298,718	0	$59,364,399	+12.0%	20	unpriced	7.69%
AFRM	Affirm Holdings, Inc. Financial Services	Held	514,100	0	$41,924,855	+78.0%	8	$41.93	5.43%
GASS	StealthGas Inc. Industrials	Reduced	4,613,384	-126,518	$36,445,733	−16.2%	26+	before history	4.72%
WSBC	Wesbanco Inc Financial Services	Held	909,091	0	$35,481,821	+13.2%	8	$30.62	4.60%
TLN	Talen Energy Corp Utilities	Reduced	79,793	-177,231	$30,661,258	−62.6%	8	$138.87	3.97%
CHRD	Chord Energy Corp Energy	Held	187,840	0	$21,470,112	−19.6%	16	$121.92	2.78%
DBD	DIEBOLD NIXDORF, Inc Technology	Held	215,568	0	$18,327,591	+12.7%	12	$25.01	2.38%
BBT	Beacon Financial Corp Financial Services	Held	381,184	0	$11,607,052	+1.5%	7	$26.91	1.50%
OCFC	Oceanfirst Financial Corp Financial Services	Added	539,542	+264,042	$10,537,255	+112.0%	2	$18.53	1.37%
NCMI	National CineMedia, Inc. Communication Services	Held	1,678,903	0	$6,379,831	+24.6%	12	unpriced	0.83%
NATL	NCR Atleos Corp Technology	Held	143,500	0	$6,229,335	−0.4%	11	$34.72	0.81%
FPH	Five Point Holdings, LLC Real Estate	Held	1,158,162	0	$6,103,513	+8.9%	26+	before history	0.79%
COOK	Traeger, Inc. Consumer Cyclical	Held	37,960	0	$2,992,386	+171.8%	12	unpriced	0.39%
KRC	Kilroy Realty Corp Real Estate	Held	79,449	0	$2,976,954	+32.8%	2	$32.84	0.39%
CNK	Cinemark Holdings, Inc. Communication Services	Reduced	64,891	-194,672	$2,058,991	−72.2%	3	$26.29	0.27%
AZUL	Azul SA Industrials	NEW	113,909	NEW	$1,024,041	NEW	1	$8.84	0.13%
SKIN	SkinHealth Systems Inc. Consumer Defensive	Held	636,954	0	$441,409	−22.1%	17	$10.17	0.06%
DEC	Diversified Energy Co Energy	Held	17,009	0	$235,744	−20.5%	3	$14.01	0.03%
AMBP	Ardagh Metal Packaging S.A. Consumer Cyclical	NEW	47,852	NEW	$226,818	NEW	1	$4.11	0.03%
VAL	Valaris Ltd Energy	Held	658	0	$47,770	−25.9%	21	$25.06	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.