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GLENDON CAPITAL MANAGEMENT LP
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SANTA MONICA CA
Investment Advisor
Hedge Fund
Activist Investor
Glendon Capital Management is based out of Santa Monica. Glendon Capital Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $6,140,473,801 (Form ADV from 2024-03-27). Their last reported 13F filing for Q1 2025 included $1,733,402,855 in managed 13F securities
and a top 10 holdings concentration of 95.28%. Glendon Capital Management's largest holding is Frontier Communications Parent Inc with shares held of 24,215,909. Whalewisdom has at least 47 13F filings, 17 13D filings, 16 13G filings, and 36 Form 4 filings
Business Description
Glendon Capital Management L.P. (GCM) is a limited partnership organized under the laws of the state of Delaware and is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser. GCM is owned by Holly Kim, Christopher Sayer, Alexander Thain, Christopher Delaney, Brian Berman, Matthew Barrett, Michael Keegan and Glendon Employee Company M, LP. All of GCM’s individual owners are active in managing the business of GCM, except for Mr. Keegan, who retired in 2021. Mr. Barrett has announced his retirement from GCM, with such retirement expected to become effective in Q2 2025.
GCM acts as the investment manager to Glendon Opportunities Fund, L.P. and its associated feeder funds (“G1”), Glendon Opportunities Fund II, L.P. and its associated feeder funds (“G2”), Glendon Opportunities Fund III, L.P. and its associated feeder funds (“G3”), and to certain separately managed accounts of institutional investors. In the future, GCM may provide discretionary or non-discretionary investment advisory services to other investment funds (collectively with G1, G2, and G3, the “Funds”) and separate account clients (collectively with the managed accounts of institutional investors, the “Separate Accounts” and together with the Funds, the “Clients”).
Investment Strategy
GCM's investment strategy focuses on credit and equity investments in markets experiencing distress and dislocation, as well as related markets. This approach aims to capitalize on the cyclical nature of credit markets and the assets financed by traditional credit investors.
When considering investments, GCM takes into account various factors, including the source of the investment opportunity, investment strategy, risk profile, operating currency, target return, existing portfolio composition, capital availability, liquidity, and any applicable restrictions. The firm also considers the potential for industry, sector, issuer, or geographic imbalances in the portfolio, as well as tax and regulatory considerations.
Owners
- GLENDON EMPLOYEE COMPANY - M LP - LIMITED PARTNER
- OLSON, HOLLY, KIM - LIMITED PARTNER
- THAIN, ALEXANDER, LYMAN - LIMITED PARTNER
- BARRETT, MATTHEW, SCOTT - LIMITED PARTNER
- BERMAN, BRIAN, D - LIMITED PARTNER
- DELANEY, CHRISTOPHER, R - LIMITED PARTNER
- SAYER, CHRISTOPHER, ROBERT - LIMITED PARTNER
- MAGHAKIAN, HAIG, MARK - CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER
- MURRAY, JOSEPH, THOMAS - HEAD OF FINANCE AND ACCOUNTING Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| AFRM Affirm Holdings Inc (CALL) | 0.51% |
| DBD Diebold Nixdorf Inc | 0.36% |
| VST Vistra Corp | 0.26% |
| AFRM Affirm Holdings Inc | -0.15% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| DEBT-AFFI AFFIRM HLDGS INC NOT (PRN) | 0.14% |
| COOK Traeger Inc | 0.06% |
| GOCO GoHealth, Inc | 0.02% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| FYBR Frontier Communicati | 50.1% |
| EXE Expand Energy Corp | 13.69% |
| TLN Talen Energy Corp | 8.37% |
| ALLY Ally Financial Inc | 5.23% |
| VST Vistra Corp | 5.07% |
2025-03-31
13F Activity
| Market Value | $1.73b, Prior: $1.66b |
| Inflows (Outflows) as % of Total MV | +2.093% |
| New Purchases | 1 stocks |
| Added To | 3 stocks |
| Sold out of | 0 stocks |
| Reduced holdings in | 5 stocks |
| Top 10 Holdings % | 95.28% |
| Turnover %[1] | 4% |
| Turnover Alt %[2] | 0.23% |
| Time Held Top 20 | 12.7 quarters |
| Time Held Top 10 | 14.2 quarters |
| Time Held All | 12.56 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31