13F filing recap · Q2 2025

What did Oaktree Capital Management buy in Q2 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$3.95B

Positions

Estimated turnover

22.1%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Oaktree Capital Management opened new positions in Barrick Mining, Bausch & Lomb, Full Truck Alliance, Liberty Latin America, Sea Limited, YPF Sociedad Anonima, Hudson Technologies, JBS, and Bioxcel Therapeutics. It exited Baidu, Bilibili, JD.com, Kingsoft Cloud, Petrobras, Vacasa, and several others. The firm trimmed Chesapeake Energy and Garrett Motion, while substantially reducing Star Bulk Carriers, Talen Energy, Vale, Macro Bank, Gas Transporter of the South, and Braskem. It also added to Itau Unibanco and Liberty Global.

New positions

BBarrick Mining Corp$65.74Mreported value+3.16M shares BLCOBausch & Lomb Corp$32.80Mreported value+2.52M shares YMMFull Truck Alliance Co. Ltd.$21.76Mreported value+1.84M shares LILAKLiberty Latin America Ltd.$14.48Mreported value+2.33M shares

Increased positions

STRSitio Royalties Corp.$237.94Mreported value+10.4K shares+0.1%NOKNokia Corp$97.14Mreported value+2 shares0.0%LBTYALiberty Global Ltd.$82.20Mreported value+1.01M shares+14.0%ITUBItau Unibanco Holding S.a.$74.72Mreported value+4.06M shares

Reduced positions

EXEChesapeake Energy Corporation$591.99Mreported value-500.0K shares-9.0%GTXGarrett Motion Inc.$387.76Mreported value-7.19M shares-16.3%AUAnglogold Ashanti Plc$225.47Mreported value-517.1K shares-9.5%RWAYRunway Growth Finance Corp.$104.94Mreported value-1.00M shares

Exited positions

ABXBarrick Mining Corp$48.92Mprior reported value-2.52M shares-100.0%HTHTH World Group Ltd$45.50Mprior reported value-1.23M shares-100.0%JDJd.com, Inc.$39.51Mprior reported value-960.8K shares-100.0%PBRPetrobras - Petroleo Brasileiro SA$38.14Mprior reported value-2.66M shares