Glendon Capital Management L.P.
- Regulatory AUM
- $5.2B
- Discretionary
- $5.2B
- Clients
- 4
- Avg AUM / client
- $1.3B
- Accounts
- 4
- Employees
- 19
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 25 positions, $805,198,519)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Expand Energy Corporation | COM | $221,627,492 | 2,019,894 | 27.5% | 4.23% |
| 2 | Vistra Corp | COM | $94,611,538 | 629,359 | 11.8% | 1.81% |
| 3 | Nrg Energy Inc | COM NEW | $83,736,028 | 572,985 | 10.4% | 1.6% |
| 4 | Talen Energy Corp | COM | $82,049,772 | 257,024 | 10.2% | 1.57% |
| 5 | Ally Finl Inc | COM | $81,724,681 | 2,083,219 | 10.1% | 1.56% |
| 6 | Enact Hldgs Inc | COM | $53,000,682 | 1,298,718 | 6.58% | 1.01% |
| 7 | Stealthgas Inc | SHS | $43,512,300 | 4,739,902 | 5.4% | 0.83% |
| 8 | Wesbanco Inc | COM | $31,354,549 | 909,091 | 3.89% | 0.6% |
| 9 | Chord Energy Corporation | COM NEW | $26,707,091 | 187,840 | 3.32% | 0.51% |
| 10 | Affirm Hldgs Inc | COM CL A | $23,556,062 | 514,100 | 2.93% | 0.45% |
| 11 | Diebold Nixdorf Inc | COM SHS | $16,262,450 | 215,568 | 2.02% | 0.31% |
| 12 | Beacon Financial Corp | COM | $11,435,520 | 381,184 | 1.42% | 0.22% |
| 13 | Cinemark Hldgs Inc | COM | $7,402,737 | 259,563 | 0.92% | 0.14% |
| 14 | Ncr Atleos Corporation | COM SHS | $6,253,730 | 143,500 | 0.78% | 0.12% |
| 15 | Five Point Holdings Llc | COM CL A | $5,605,504 | 1,158,162 | 0.7% | 0.11% |
| 16 | National Cinemedia Inc | COM NEW | $5,120,654 | 1,678,903 | 0.64% | 0.1% |
| 17 | Oceanfirst Finl Corp | COM | $4,970,020 | 275,500 | 0.62% | 0.09% |
| 18 | Kilroy Realty Corp | COM | $2,241,256 | 79,449 | 0.28% | 0.04% |
| 19 | Traeger Inc | COMMON STOCK | $1,100,840 | 37,960 | 0.14% | 0.02% |
| 20 | Affirm Hldgs Inc | NOTE 11/1 | $1,036,838 | 1,074,000 | 0.13% | 0.02% |
| 21 | Service Pptys Tr | COM SH BEN INT | $938,129 | 692,346 | 0.12% | 0.02% |
| 22 | The Beauty Health Company | COM CL A | $566,889 | 636,954 | 0.07% | 0.01% |
| 23 | Diversified Energy Co | COMMON STOCK | $296,637 | 17,009 | 0.04% | 0.01% |
| 24 | Valaris Ltd | CL A | $64,510 | 658 | 0.01% | 0.0% |
| 25 | Epr Pptys | PFD C CV 5.75% | $22,610 | 1,000 | 0.0% | 0.0% |
Top 25 of 25 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 4 | $5.2B | 100.0% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $6.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Glendon Opportunities Fund Ii, L.P. master | Hedge Fund | Cayman Islands | $3.7B | 142 |
| Glendon Opportunities Fund Iii, L.P. master | Hedge Fund | Cayman Islands | $1.8B | 90 |
| Glendon Opportunities Fund, L.P. master | Hedge Fund | Cayman Islands | $540M | 89 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Equity League Pension Trust Fund Board Of Trustees Of The Equity League Pension Trust Fund | 2024 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Barrett, Matthew, Scott | Limited Partner | Oct 2012 (14y) | 25% – 50% | |
| Olson, Holly, Kim | Limited Partner | Oct 2012 (14y) | 10% – 25% | |
| Berman, Brian, D | Limited Partner | Apr 2013 (13y) | 5% – 10% | |
| Sayer, Christopher, Robert | Limited Partner | Jan 2018 (9y) | 10% – 25% | |
| Maghakian, Haig, Mark | Chief Compliance Officer / Chief Operating Officer | Mar 2020 (6y) | Less than 5% | |
| Delaney, Christopher, R | Limited Partner | Oct 2021 (5y) | 5% – 10% | |
| Thain, Alexander, Lyman | Limited Partner | Oct 2021 (5y) | 10% – 25% | |
| Murray, Joseph, Thomas | Head Of Finance And Accounting | Feb 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Glendon Employee Company M Lp | Limited Partner | Apr 2015 | A | 5% – 10% |
| Glendon Capital Management Llc | General Partner | Oct 2012 | A | Less than 5% |
Undisclosed: 0% – 30% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $6.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Glendon Opportunities Fund Ii, L.P. | Hedge Fund | $3.7B | $10.0M | 142 |
| Glendon Opportunities Fund Iii, L.P. | Hedge Fund | $1.8B | $10.0M | 90 |
| Glendon Opportunities Fund, L.P. | Hedge Fund | $540M | $10.0M | 89 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Equity League Pension Trust Fund | Board Of Trustees Of The Equity League Pension Trust Fund | 22,180 | $2.4B | 06/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.97 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- BNY Mellon $2.0M (0% of AUM) Mar 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗