Glendon Capital Management LP 13F: Quarter-over-Quarter Portfolio Changes
Glendon Capital Management LP reported a disclosed portfolio value of approximately $772.6 million in its latest SEC Form 13F-HR filing for Q2 2026, down 4.1% quarter on quarter. Over the quarter, the fund initiated 3 new positions, bought more shares in 2 holdings, trimmed 4 holdings, and exited 3 positions.
Glendon Capital Management LP's top buy was Oceanfirst Financial CORP (OCFC) . The fund bought 95.8% more shares, lifting the position's portfolio weight by 0.7 percentage points. Its top sell was Cinemark Hldgs INC (CNK) . The fund sold 75.0% of its previously reported shares, reducing the position's portfolio weight by 0.7 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| AFFIRM HLDGS INC | UNKNOWN | 0.1% | Holders → |
| AZUL S A | AZUL | 0.1% | Holders → |
| ARDAGH METAL PACKAGING S A | AMBP | 0.0% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| OCEANFIRST FINANCIAL CORP | OCFC | +0.7% | +95.8% | Holders → |
| NRG ENERGY INC | NRG | +3.1% | +24.3% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CINEMARK HLDGS INC | CNK | -0.7% | 75.0% | Holders → |
| TALEN ENERGY CORP | TLN | -6.2% | 69.0% | History → |
| VISTRA CORP | VST | 0.3% | 6.8% | History → |
| STEALTHGAS INC | GASS | -0.7% | 2.7% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| AFFIRM HLDGS INC | AFRM 0 11/15/26 | 0.1% |
| SERVICE PPTYS TR | SVC | 0.1% |
| EPR PPTYS | EPR 5.75 PERP C | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $0.8BPrior quarter
- $0.8BCurrent quarter
- $-0.0BNet delta
- -4.1%% 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 Q2 2026?
In Q2 2026, Glendon Capital Management LP initiated 3 new positions (AFFIRM HLDGS INC (UNKNOWN), AZUL S A (AZUL), ARDAGH METAL PACKAGING S A (AMBP)); bought more shares of OCEANFIRST FINANCIAL CORP (OCFC), NRG ENERGY INC (NRG).
What stocks did Glendon Capital Management LP sell in Q2 2026?
In Q2 2026, Glendon Capital Management LP fully sold 3 positions (AFFIRM HLDGS INC (AFRM 0 11/15/26), SERVICE PPTYS TR (SVC), EPR PPTYS (EPR 5.75 PERP C)); reduced holdings in CINEMARK HLDGS INC (CNK), TALEN ENERGY CORP (TLN), VISTRA CORP (VST), STEALTHGAS INC (GASS).
Which positions did Glendon Capital Management LP initiate in Q2 2026?
Glendon Capital Management LP established 3 new positions in Q2 2026: AFFIRM HLDGS INC (UNKNOWN, 0.1%), AZUL S A (AZUL, 0.1%), ARDAGH METAL PACKAGING S A (AMBP, 0.0%).
Which existing positions saw the largest allocation increases for Glendon Capital Management LP in Q2 2026?
Of 2 existing positions with share-count increases in Q2 2026, the largest were: OCEANFIRST FINANCIAL CORP (OCFC, +0.7% weight, +95.8% shares), NRG ENERGY INC (NRG, +3.1% weight, +24.3% shares).
Which positions did Glendon Capital Management LP fully exit in Q2 2026?
Glendon Capital Management LP fully exited 3 positions in Q2 2026: AFFIRM HLDGS INC (AFRM 0 11/15/26, last-reported weight 0.1%), SERVICE PPTYS TR (SVC, last-reported weight 0.1%), EPR PPTYS (EPR 5.75 PERP C, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Glendon Capital Management LP in Q2 2026?
Of 4 existing positions with share-count reductions in Q2 2026, the largest were: CINEMARK HLDGS INC (CNK, -0.7% weight, -75.0% shares), TALEN ENERGY CORP (TLN, -6.2% weight, -69.0% shares), VISTRA CORP (VST, 0.3% weight, -6.8% shares), STEALTHGAS INC (GASS, -0.7% weight, -2.7% 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.