Glendon Capital Management portfolio
Credit fundPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 12, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Glendon Capital Management reported a $772M portfolio of 25 positions to the SEC as of the end of Q2 2026. Its largest positions are EXE, NRG, ALLY.
Sections with a free account
What changed this quarter
8 positions with a change (1 new, 2 added to, 4 trimmed, 1 sold); also, 1 entered through an IPO. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Talen Energy−69%fewer sharesReduced10.2% → 4.0%
- NRG Energy+24%more sharesIncreased10.4% → 13.5%
- Vistra Operations−6.8%fewer sharesReduced11.8% → 12.1%
- Cinemark Holdings−75%fewer sharesReduced0.9% → 0.3%
- OceanFirst Financial+96%more sharesIncreased0.6% → 1.4%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Expand EnergyEXE23.9%
- NRG EnergyNRG13.5%
- Ally FinancialALLY12.4%
- Vistra OperationsVST12.1%
- Enact HoldingsACT7.7%
- Affirm HoldingsAFRM5.4%
- StealthgasGASS4.7%
- WesbancoWSBC4.6%
- Talen EnergyTLN4.0%
- Chord EnergyCHRD2.8%
- Diebold NixdorfDBD2.4%
- Beacon FinancialBBT1.5%
- OceanFirst FinancialOCFC1.4%
- National CinemediaNCMI0.8%
- NCR AtleosNATL0.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 33%
- ● Utilities 30%
- ● Energy 27%
- ● Industrials 6%
- ● Information Technology 3%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q2 2026: 25
Q2 2026: 91%
Q2 2026: 6.8%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Not counted as a concentrated manager: it is a credit fund; its stocks usually come from debt exchanges. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
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A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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