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Livermore
Livermore
ZHEN

Glendon Capital Management LP

SEC CIK
0001604350
Latest filing
Aug 12, 2026

The latest 13F from Glendon Capital Management LP covers Q2 2026 (filed Aug 12, 2026): 26 long positions worth $772.6M. The top 10 holdings make up 90.9% of the portfolio, and the largest is Expand Energy Corp (EXE) at 23.8%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$1.25M
Added
2
Est. +$25.5M
Reduced
4
Est. −$82.0M
Sold out
1
Est. −$938.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. EXEExpand Energy Corp
    23.8%$184.1MHistory
  2. NRGNRG Energy, Inc.
    13.5%$104.0MHistory
  3. ALLYAlly Financial Inc.
    12.4%$95.7MHistory
  4. VSTVistra Corp.
    12.0%$93.1MHistory
  5. ACTEnact Holdings, Inc.
    7.7%$59.4MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. NRGNRG Energy, Inc.
    +$20.4MAddedHistory
  2. OCFCOceanfirst Financial Corp
    +$5.16MAddedHistory
  3. AZULAzul SA
    +$1.02MNewHistory
  4. AMBPArdagh Metal Packaging S.A.
    +$226.8KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NRGNRG Energy, Inc.
    +3.07 pp10.4% → 13.5%History
  2. OCFCOceanfirst Financial Corp
    +0.75 pp0.6% → 1.4%History
  3. AZULAzul SA
    +0.13 pp0.0% → 0.1%History
  4. AMBPArdagh Metal Packaging S.A.
    +0.03 pp0.0% → <0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TLNTalen Energy Corp
    −$68.1MReducedHistory
  2. VSTVistra Corp.
    −$6.76MReducedHistory
  3. CNKCinemark Holdings, Inc.
    −$6.18MReducedHistory
  4. GASSStealthGas Inc.
    −$999.5KReducedHistory
  5. SVCService Properties Trust
    −$938.1KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TLNTalen Energy Corp
    −6.22 pp10.2% → 4.0%History
  2. GASSStealthGas Inc.
    −0.69 pp5.4% → 4.7%History
  3. CNKCinemark Holdings, Inc.
    −0.65 pp0.9% → 0.3%History
  4. SVCService Properties Trust
    −0.12 pp0.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$772.6M
−$32.6M (−4.1%) vs. prior quarter
Positions
26
+1 vs. prior quarter
Top 10 concentration
90.9%
Top 10 as share of value
Turnover
3.4%
Q2 2026, one quarter
Average holding period
18.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.90B (Q4 2021)

Q1 2021: $954.5MQ2 2021: $1.55BQ3 2021: $1.68BQ4 2021: $1.90BQ1 2022: $1.55BQ2 2022: $1.22BQ3 2022: $1.14BQ4 2022: $1.17BQ1 2023: $1.02BQ2 2023: $1.03BQ3 2023: $1.03BQ4 2023: $1.32BQ1 2024: $1.29BQ2 2024: $1.31BQ3 2024: $1.63BQ4 2024: $1.66BQ1 2025: $1.72BQ2 2025: $1.82BQ3 2025: $1.83BQ4 2025: $1.68BQ1 2026: $805.2MQ2 2026: $772.6M
Q1 2021Q2 2026
13F filings of Glendon Capital Management LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202626$772.6MEXENRGALLYvs. Q1 2026SEC
Q1 2026May 11, 202625$805.2MEXEVSTNRGvs. Q4 2025SEC
Q4 2025Feb 12, 202625$1.68BFYBREXENRGvs. Q3 2025SEC
Q3 2025Nov 12, 202524$1.83BFYBREXEVSTvs. Q2 2025SEC
Q2 2025Aug 13, 202524$1.82BFYBREXEVSTvs. Q1 2025SEC
Q1 2025May 14, 202524$1.72BFYBREXETLNvs. Q4 2024SEC
Q4 2024Feb 12, 202524$1.66BFYBREXETLNvs. Q3 2024SEC
Q3 2024Nov 13, 202424$1.63BFYBREXETLNvs. Q2 2024SEC
Q2 2024Aug 12, 202422$1.31BFYBREXEAffirm Hldgs Incvs. Q1 2024SEC
Q1 2024May 13, 202422$1.29BFYBREXEAffirm Hldgs Incvs. Q4 2023SEC
Q4 2023Feb 12, 202422$1.32BFYBREXEAffirm Hldgs Incvs. Q3 2023SEC
Q3 2023Nov 13, 202321$1.03BFYBREXEVSTvs. Q2 2023SEC
Q2 2023Aug 11, 202319$1.03BFYBREXEVSTvs. Q1 2023SEC
Q1 2023May 15, 202320$1.02BFYBREXEVSTvs. Q4 2022SEC
Q4 2022Feb 14, 202321$1.17BFYBREXEVSTvs. Q3 2022SEC
Q3 2022Nov 14, 202224$1.14BFYBREXEVSTvs. Q2 2022SEC
Q2 2022Aug 12, 202225$1.22BFYBREXEALLYvs. Q1 2022SEC
Q1 2022May 13, 202224$1.55BFYBREXEOvs. Q4 2021SEC
Q4 2021Feb 11, 202225$1.90BFYBRCFEXEvs. Q3 2021SEC
Q3 2021Nov 15, 202124$1.68BFYBRCFEXEvs. Q2 2021SEC
Q2 2021Aug 16, 202122$1.55BFYBRCFEXEvs. Q1 2021SEC
Q1 2021May 21, 2021Amended24$954.5MEXECFVER–SEC

13D and 13G filings

Companies where Glendon Capital Management LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Glendon Capital Management LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
GASSStealthGas Inc.13G/A13.52%4.84M shares–Feb 14, 20232 filingsNov 12, 2025SEC

Latest filings

26 filings on file made by Glendon Capital Management LP or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Glendon Capital Management LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
FYBRFrontier Communications Parent, Inc.Feb 12, 202611:27 AM ET13G/A0.00%0 shares–Below 5%Dec 31, 2025SEC
GASSStealthGas Inc.Nov 12, 20253:33 PM ET13G/A13.52%4.84M shares–Sep 30, 2025SEC
TCSContainer Store Group, Inc.Feb 12, 20254:00 PM ET13G/A0.00%0 shares–Below 5%Dec 31, 2024SEC
ICDIndependence Contract Drilling, Inc.Jan 22, 20255:15 PM ET13D/A0.00%0 shares–Below 5%Jan 17, 2025SEC
ICDIndependence Contract Drilling, Inc.Dec 6, 202413D/AOld format–––SEC
ICDIndependence Contract Drilling, Inc.Nov 27, 202413D/AOld format–––SEC
FYBRFrontier Communications Parent, Inc.Nov 21, 202413G/AOld format–––SEC
FYBRFrontier Communications Parent, Inc.Oct 24, 202413D/AOld format–––SEC
FYBRFrontier Communications Parent, Inc.Oct 21, 202413DOld format–––SEC
ICDIndependence Contract Drilling, Inc.Sep 9, 202413D/AOld format–––SEC
ICDIndependence Contract Drilling, Inc.Jul 10, 202413D/AOld format–––SEC
PYYXPyxus International, Inc.Jun 13, 202413DOld format–––SEC
TCSContainer Store Group, Inc.Feb 12, 202413G/AOld format–––SEC
FYBRFrontier Communications Parent, Inc.Feb 12, 202413G/AOld format–––SEC
TCSContainer Store Group, Inc.Oct 17, 202313GOld format–New–SEC
ICDIndependence Contract Drilling, Inc.Aug 18, 202313D/AOld format–––SEC
ICDIndependence Contract Drilling, Inc.Apr 19, 202313D/AOld format–––SEC
FYBRFrontier Communications Parent, Inc.Feb 14, 202313G/AOld format–––SEC
GASSStealthGas Inc.Feb 14, 202313G/AOld format–––SEC
PYYXPyxus International, Inc.Jan 4, 202313D/AOld format–––SEC