Glendon Capital Management L.P. 13F annual report
Glendon Capital Management L.P. is an investment fund managing more than $1.19 trillion ran by Haig Maghakian. There are currently 21 companies in Mr. Maghakian’s portfolio. The largest investments include Frontier Communications Pare and Chesapeake, together worth $808 billion.
$1.19 trillion Assets Under Management (AUM)
As of 5th August 2024, Glendon Capital Management L.P.’s top holding is 24,215,909 shares of Frontier Communications Pare currently worth over $634 billion and making up 53.1% of the portfolio value.
In addition, the fund holds 2,124,060 shares of Chesapeake worth $174 billion, whose value fell 6.5% in the past six months.
The third-largest holding is Ally Finl Inc worth $98.6 billion and the next is Vistra Corp worth $49.8 billion, with 578,893 shares owned.
Currently, Glendon Capital Management L.P.'s portfolio is worth at least $1.19 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Glendon Capital Management L.P.
The Glendon Capital Management L.P. office and employees reside in Santa Monica, California. According to the last 13-F report filed with the SEC, Haig Maghakian serves as the CHIEF COMPLIANCE OFFICER at Glendon Capital Management L.P..
Recent trades
In the most recent 13F filing, Glendon Capital Management L.P. revealed that it had increased its stake in
Diebold Nixdorf Inc and bought 56,666 additional shares worth around $2 million.
This means they effectively own approximately 0.1% of the company.
Diebold Nixdorf Inc makes up
100.0%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
On the other hand, Haig Maghakian disclosed a decreased stake in Vistra Corp by 0.3%.
This leaves the value of the investment at $49.8 billion and 578,893 shares.
One of the largest hedge funds
The two most similar investment funds to Glendon Capital Management L.P. are Certuity and Cannae Holdings, Inc. They manage $1.19 trillion and $1.19 trillion respectively.
Haig Maghakian investment strategy
Glendon Capital Management L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Energy — making up 14.6% of
the total portfolio value.
The fund focuses on investments in the United States as
52.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
5% of the total holdings value.
On the other hand, small-cap stocks make up only 4.8% of the portfolio.
The average market cap of the portfolio companies is close to $3.43 billion.
The complete list of Glendon Capital Management L.P. trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Frontier Communications Pare |
No change
24,215,909
|
$633,972,498,000 | 53.08% |
| Chesapeake Energy Corp. |
No change
2,124,060
|
$174,489,292,000 | 14.61% |
| Ally Finl Inc |
No change
2,485,472
|
$98,598,674,000 | 8.26% |
| Vistra Corp |
31.80%
578,893
|
$49,773,220,000 | 4.17% |
| Diebold Nixdorf Inc |
4.83%
1,230,303
|
$47,342,059,000 | 3.96% |
| StealthGas Inc |
No change
5,906,056
|
$43,409,512,000 | 3.63% |
| NRG Energy Inc. |
9.99%
535,953
|
$41,729,301,000 | 3.49% |
| Chord Energy Corporation |
No change
240,550
|
$40,335,424,000 | 3.38% |
| Enact Holdings Inc |
No change
1,298,718
|
$39,818,694,000 | 3.33% |
| National Cinemedia Inc |
No change
1,678,903
|
$7,370,384,000 | 0.62% |
| Five Point Holdings LLC |
No change
1,807,320
|
$5,295,448,000 | 0.44% |
| Service Pptys Tr |
No change
692,346
|
$3,558,658,000 | 0.30% |
| Traeger Inc |
No change
1,165,546
|
$2,797,310,000 | 0.23% |
| Container Store Group Inc |
No change
4,763,546
|
$2,572,315,000 | 0.22% |
| Orion Office REIT Inc. |
No change
359,563
|
$1,290,831,000 | 0.11% |
| The Beauty Health Company |
No change
636,954
|
$1,222,952,000 | 0.10% |
| GoHealth, Inc. |
No change
71,961
|
$699,461,000 | 0.06% |
| Valaris Ltd |
No change
658
|
$49,021,000 | 0.00% |
| Ncr Atleos Corporation |
No change
1,000
|
$27,020,000 | 0.00% |
| Epr Pptys |
No change
1,000
|
$19,310,000 | 0.00% |
| International Seaways Inc |
No change
158
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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