Glendon Capital Management LP 13F: Quarter-over-Quarter Portfolio Changes
Glendon Capital Management LP reported a disclosed portfolio value of approximately $805.2 million in its latest SEC Form 13F-HR filing for Q1 2026, down 52.1% quarter on quarter. Over the quarter, the fund initiated 3 new positions, bought more shares in 3 holdings, trimmed 5 holdings, and exited 3 positions.
Glendon Capital Management LP's top buy was Affirm Hldgs INC (AFRM) . The fund bought 23.3% more shares, lifting the position's portfolio weight by 1.1 percentage points. Its top sell was Frontier Communications Pare (FYBR) . The fund exited the position completely after it had accounted for 47.4% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| OCEANFIRST FINL CORP | OCFC | 0.6% | Holders → |
| KILROY REALTY CORP | KRC | 0.3% | Holders → |
| TRAEGER INC | COOK | 0.1% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| AFFIRM HLDGS INC | AFRM | +1.1% | +23.3% | History → |
| VISTRA CORP | VST | +6.1% | +6.5% | History → |
| EXPAND ENERGY CORPORATION | EXE | +14.3% | +0.6% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| DIEBOLD NIXDORF INC | DBD | -1.2% | 72.6% | Holders → |
| CINEMARK HLDGS INC | CNK | 0.2% | 50.0% | Holders → |
| CHORD ENERGY CORPORATION | CHRD | 1.7% | 36.9% | History → |
| NRG ENERGY INC | NRG | 4.4% | 9.1% | History → |
| TALEN ENERGY CORP | TLN | 4.3% | 3.0% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| FRONTIER COMMUNICATIONS PARE | FYBR | 47.4% |
| TRAEGER INC | SYN_89269P103 | 0.1% |
| EXPAND ENERGY CORPORATION | EXEEL | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $1.7BPrior quarter
- $0.8BCurrent quarter
- $-0.9BNet delta
- -52.1%% change
Methodology & FAQ
How Glendon Capital Management LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Glendon Capital Management LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Glendon Capital Management LP buy in Q1 2026?
In Q1 2026, Glendon Capital Management LP initiated 3 new positions (OCEANFIRST FINL CORP (OCFC), KILROY REALTY CORP (KRC), TRAEGER INC (COOK)); bought more shares of AFFIRM HLDGS INC (AFRM), VISTRA CORP (VST), EXPAND ENERGY CORPORATION (EXE).
What stocks did Glendon Capital Management LP sell in Q1 2026?
In Q1 2026, Glendon Capital Management LP fully sold 3 positions (FRONTIER COMMUNICATIONS PARE (FYBR), TRAEGER INC (SYN_89269P103), EXPAND ENERGY CORPORATION (EXEEL)); reduced holdings in DIEBOLD NIXDORF INC (DBD), CINEMARK HLDGS INC (CNK), CHORD ENERGY CORPORATION (CHRD), NRG ENERGY INC (NRG), TALEN ENERGY CORP (TLN).
Which positions did Glendon Capital Management LP initiate in Q1 2026?
Glendon Capital Management LP established 3 new positions in Q1 2026: OCEANFIRST FINL CORP (OCFC, 0.6%), KILROY REALTY CORP (KRC, 0.3%), TRAEGER INC (COOK, 0.1%).
Which existing positions saw the largest allocation increases for Glendon Capital Management LP in Q1 2026?
Of 3 existing positions with share-count increases in Q1 2026, the largest were: AFFIRM HLDGS INC (AFRM, +1.1% weight, +23.3% shares), VISTRA CORP (VST, +6.1% weight, +6.5% shares), EXPAND ENERGY CORPORATION (EXE, +14.3% weight, +0.6% shares).
Which positions did Glendon Capital Management LP fully exit in Q1 2026?
Glendon Capital Management LP fully exited 3 positions in Q1 2026: FRONTIER COMMUNICATIONS PARE (FYBR, last-reported weight 47.4%), TRAEGER INC (SYN_89269P103, last-reported weight 0.1%), EXPAND ENERGY CORPORATION (EXEEL, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for Glendon Capital Management LP in Q1 2026?
Of 5 existing positions with share-count reductions in Q1 2026, the largest were: DIEBOLD NIXDORF INC (DBD, -1.2% weight, -72.6% shares), CINEMARK HLDGS INC (CNK, 0.2% weight, -50.0% shares), CHORD ENERGY CORPORATION (CHRD, 1.7% weight, -36.9% shares), NRG ENERGY INC (NRG, 4.4% weight, -9.1% shares), TALEN ENERGY CORP (TLN, 4.3% weight, -3.0% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.