Glendon Capital Management LP

CIK

1604350

Location

SANTA MONICA, CA

Portfolio Value

Small $808,008,050

Diversification

Diversified

Filing Date

Global Rank

#1,998 / 8,605 ▼ 120 · as of Mar 2026

Top Industry

Utilities - Independent Power Producers 32.2%

3Y Alpha vs SPY

+2.8%

Period ended 3 months ago

Filed May 11, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+87.2%

SPY

+75.5%

Annualised alpha

+2.6%

Max drawdown

−24.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

23 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

27.4%

+3.9 pts

Top 5

69.8%

+4.9 pts

Top 10

91.8%

+3.1 pts

HHI

1,319

Diversified+193

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Utilities	32.2%	$260,397,336	3
Energy	30.8%	$248,812,200	4
Financial Services	25.5%	$206,041,512	6
Industrials	5.4%	$43,512,300	1
Technology	2.8%	$22,516,179	2
Real Estate	1.6%	$12,537,404	3
Communication Services	1.5%	$12,523,390	2
Consumer Cyclical	0.1%	$1,100,840	1
Consumer Defensive	0.1%	$566,889	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
AFRM	Affirm Holdings, Inc.	+97,000	514,100	$23,556,062
VST	Vistra Corp.	+38,300	629,359	$94,611,538
EXE	EXPAND ENERGY Corp	+11,380	2,019,894	$221,743,963
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
COOK	Traeger, Inc.	−983,000	37,960	$1,100,840
DBD	DIEBOLD NIXDORF, Inc	−571,744	215,568	$16,262,449
CNK	Cinemark Holdings, Inc.	−259,562	259,563	$7,402,736
CHRD	Chord Energy Corp	−109,710	187,840	$26,707,091
NRG	Nrg Energy, Inc.	−57,366	572,985	$83,736,027
TLN	Talen Energy Corp	−7,918	257,024	$82,049,771
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
OCFC	Oceanfirst Financial Corp	275,500	$4,970,020
KRC	Kilroy Realty Corp	79,449	$2,241,256
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

23 positions · $808,008,050 total · as of Mar 31, 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	% of Portfolio
EXE	EXPAND ENERGY Corp Energy	Added	2,019,894	+11,380	$221,743,963	+0.0%	27.44%
VST	Vistra Corp. Utilities	Added	629,359	+38,300	$94,611,538	−0.8%	11.71%
NRG	Nrg Energy, Inc. Utilities	Reduced	572,985	-57,366	$83,736,027	−16.6%	10.36%
TLN	Talen Energy Corp Utilities	Reduced	257,024	-7,918	$82,049,771	−17.4%	10.15%
ALLY	Ally Financial Inc. Financial Services	Held	2,083,219	0	$81,724,681	−13.4%	10.11%
ACT	Enact Holdings, Inc. Financial Services	Held	1,298,718	0	$53,000,681	+3.0%	6.56%
GASS	StealthGas Inc. Industrials	Held	4,739,902	0	$43,512,300	+30.8%	5.39%
WSBC	Wesbanco Inc Financial Services	Held	909,091	0	$31,354,548	+3.8%	3.88%
CHRD	Chord Energy Corp Energy	Reduced	187,840	-109,710	$26,707,091	−3.2%	3.31%
AFRM	Affirm Holdings, Inc. Financial Services	Added	514,100	+97,000	$23,556,062	−24.1%	2.92%
DBD	DIEBOLD NIXDORF, Inc Technology	Reduced	215,568	-571,744	$16,262,449	−69.6%	2.01%
BBT	Beacon Financial Corp Financial Services	Held	381,184	0	$11,435,520	+13.8%	1.42%
CNK	Cinemark Holdings, Inc. Communication Services	Reduced	259,563	-259,562	$7,402,736	−38.6%	0.92%
NATL	NCR Atleos Corp Technology	Held	143,500	0	$6,253,730	+14.4%	0.77%
FPH	Five Point Holdings, LLC Real Estate	Held	1,158,162	0	$5,605,504	−13.4%	0.69%
NCMI	National CineMedia, Inc. Communication Services	Held	1,678,903	0	$5,120,654	−21.6%	0.63%
OCFC	Oceanfirst Financial Corp Financial Services	NEW	275,500	NEW	$4,970,020	NEW	0.62%
SVC	Service Properties Trust Real Estate	Held	692,346	0	$4,690,644	−26.4%	0.58%
KRC	Kilroy Realty Corp Real Estate	NEW	79,449	NEW	$2,241,256	NEW	0.28%
COOK	Traeger, Inc. Consumer Cyclical	Reduced	37,960	-983,000	$1,100,840	−98.0%	0.14%
SKIN	SkinHealth Systems Inc. Consumer Defensive	Held	636,954	0	$566,889	−36.0%	0.07%
DEC	Diversified Energy Co Energy	Held	17,009	0	$296,636	+20.4%	0.04%
VAL	Valaris Ltd Energy	Held	658	0	$64,510	+94.5%	0.01%