Q2 2026 13F · SEC CIK 1604350
Glendon Capital Management LP
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $771.5M
- Reported positions
- 25
- Top holdings a year, 3 yrs
- +28.0%
- Average holding period
- 6.1 yrs
Glendon Capital Management LP is a hedge fund that reported 25 positions worth $771.5M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Expand Energy Corporation (EXE, 23.9%), Nrg Energy Inc (NRG, 13.5%), Ally Finl Inc (ALLY, 12.4%). A portfolio copying its top holdings returned 28.0% a year over the last 3 years, against 20.9% for the S&P 500.
Glendon Capital Management LP holdings all 25 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| EXEExpand Energy Corporation | 23.9% | +0.0% | $184.1M |
| NRGNrg Energy Inc | 13.5% | +24.3% | $104.0M |
| ALLYAlly Finl Inc | 12.4% | +0.0% | $95.7M |
| VSTVistra Corp | 12.1% | -6.8% | $93.1M |
| ACTEnact Hldgs Inc | 7.7% | +0.0% | $59.4M |
| AFRMAffirm Hldgs Inc | 5.4% | +0.0% | $41.9M |
| GASSStealthgas Inc | 4.7% | -2.7% | $36.4M |
| WSBCWesbanco Inc | 4.6% | +0.0% | $35.5M |
| TLNTalen Energy Corp | 4.0% | -69.0% | $30.7M |
| CHRDChord Energy Corporation | 2.8% | +0.0% | $21.5M |
| DBDDiebold Nixdorf Inc | 2.4% | +0.0% | $18.3M |
| BBTBeacon Financial Corporation | 1.5% | +0.0% | $11.6M |
| OCFCOceanFirst Financial (OCFC) | 1.4% | +95.8% | $10.5M |
| NCMINational Cinemedia Inc | 0.8% | +0.0% | $6.4M |
| NATLNcr Atleos Corporation | 0.8% | +0.0% | $6.2M |
| FPHFive Point Holdings LLC | 0.8% | +0.0% | $6.1M |
| COOKTraeger Inc | 0.4% | +0.0% | $3.0M |
| KRCKilroy Realty Corp | 0.4% | +0.0% | $3.0M |
| CNKCinemark Hldgs Inc | 0.3% | -75.0% | $2.1M |
| AZULAzul S A | 0.1% | — | $1.0M |
| SKINSkinhealth Systems Inc | 0.1% | +0.0% | $441K |
| DECDiversified Energy Co | 0.0% | +0.0% | $236K |
| AMBPArdagh Metal Packaging S A | 0.0% | — | $227K |
| VALValaris Ltd | 0.0% | +0.0% | $48K |
| EPR-PCEpr Pptys | 0.0% | +0.0% | $26K |
What Glendon Capital Management LP bought and sold in Q2 2026, against Q1 2026.
New positions
- AZUL Azul S A0.1% of 13F
- AMBP Ardagh Metal Packaging S A0.0% of 13F
Added to
- OCFC OceanFirst Financial (OCFC)+95.8% shares
- NRG Nrg Energy Inc+24.3% shares
Reduced
- CNK Cinemark Hldgs Inc-75.0% shares
- TLN Talen Energy Corp-69.0% shares
- VST Vistra Corp-6.8% shares
Sold out
- Service Pptys Trwas 0.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -5.7% /yr
- S&P 500 +4.2%
- 3 years
- +28.0% /yr
- S&P 500 +20.9%
- 5 years
- +15.4% /yr
- S&P 500 +9.3%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $771.5M | 25 |
| Q1 2026 | $804.2M | 24 |
| Q4 2025 | $1.7B | 24 |
| Q3 2025 | $1.8B | 23 |
| Q2 2025 | $1.8B | 23 |
| Q1 2025 | $1.7B | 23 |
| Q4 2024 | $1.7B | 23 |
| Q3 2024 | $1.6B | 23 |
| Q2 2024 | $1.2B | 20 |
| Q1 2024 | $1.2B | 20 |
| Q4 2023 | $1.2B | 20 |
| Q3 2023 | $946.4M | 19 |
Questions about Glendon Capital Management LP's portfolio
What stocks does Glendon Capital Management LP own?
Glendon Capital Management LP's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 25 positions worth $771.5M. The largest are Expand Energy Corporation (EXE) at 23.9%, Nrg Energy Inc (NRG) at 13.5%, Ally Finl Inc (ALLY) at 12.4%, Vistra Corp (VST) at 12.1% and Enact Hldgs Inc (ACT) at 7.7%.
What did Glendon Capital Management LP buy last quarter?
In Q2 2026, Glendon Capital Management LP added a new position in Azul S A (AZUL), a new position in Ardagh Metal Packaging S A (AMBP), OceanFirst Financial (OCFC) (OCFC) (+95.8% shares) and Nrg Energy Inc (NRG) (+24.3% shares), compared with its Q1 2026 filing.
What did Glendon Capital Management LP sell last quarter?
In Q2 2026, Glendon Capital Management LP sold all of Service Pptys Tr, Cinemark Hldgs Inc (CNK) (-75.0% shares), Talen Energy Corp (TLN) (-69.0% shares) and Vistra Corp (VST) (-6.8% shares), compared with its Q1 2026 filing.
How has Glendon Capital Management LP's portfolio performed?
A portfolio copying Glendon Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +28.0% a year over the last 3 years, against +20.9% for the S&P 500. Over 1 year: -5.7% against +4.2%. Over 5 years: +15.4% a year against +9.3%.
When is Glendon Capital Management LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Glendon Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.