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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 Q3 2024 included $1,634,586,854 in managed 13F securities
and a top 10 holdings concentration of 94.54%. Glendon Capital Management's largest holding is Frontier Communications Parent Inc with shares held of 24,215,909. Whalewisdom has at least 45 13F filings, 16 13D filings, 15 13G filings, and 36 Form 4 filings
Business Description
The advisory business, as described in the provided documents, is subject to various regulatory requirements under federal and state securities laws. These regulations include periodic reporting and compliance obligations for both GCM and its affiliates. The documents highlight the increasing complexity and cost associated with meeting these regulatory demands, particularly in the context of private investment funds.
The documents also mention specific items related to the advisory business, including advisory business itself, fees and compensation, performance-based fees, types of clients, methods of analysis, investment strategies, risk of loss, disciplinary information, other financial industry activities and affiliations, code of ethics, brokerage practices, review of accounts, client referrals, custody, investment discretion, voting client securities, and financial information. However, the provided context does not offer a detailed explanation of the advisory business itself.
Investment Strategy
GCM's investment strategy focuses on executing credit and equity investments in markets experiencing distress and dislocation, as well as adjacent markets. This strategy aims to capitalize on the cyclical nature of credit markets and the assets financed by traditional credit investors.
GCM primarily executes its investment strategy through distress/dislocation categories, seeking to exploit opportunities arising from market downturns and imbalances. However, this strategy involves inherent risks, including the potential for rapid changes in value and increased susceptibility to negative consequences from concentrated investments.
Owners
- OLSON, HOLLY, KIM - LIMITED PARTNER
- GLENDON EMPLOYEE COMPANY - M LP - LIMITED PARTNER
- GLENDON CAPITAL MANAGEMENT LLC - GENERAL 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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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| TLN Talen Energy Corpora | 7.93% |
| WSBC WesBanco Inc | 1.66% |
| AFRM Affirm Holdings Inc | 0.84% |
| DBD Diebold Nixdorf Inc | -0.17% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| DEBT-AFFI AFFIRM HLDGS INC NOT (PRN) | 8% |
| TCS Container Store Grou | 0.02% |
| INSW International Seaway | 0% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| FYBR Frontier Communicati | 52.64% |
| EXE Expand Energy Corp | 10.68% |
| TLN Talen Energy Corpora | 7.93% |
| ALLY Ally Financial Inc | 5.41% |
| VST Vistra Corp | 4.2% |
2024-09-30
13F Activity
| Market Value | $1.63b, Prior: $1.31b |
| Inflows (Outflows) as % of Total MV | +3.775% |
| New Purchases | 3 stocks |
| Added To | 1 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 2 stocks |
| Top 10 Holdings % | 94.54% |
| Turnover %[1] | 16% |
| Turnover Alt %[2] | 6.44% |
| Time Held Top 20 | 11.75 quarters |
| Time Held Top 10 | 12.2 quarters |
| Time Held All | 11.42 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.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30