SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Glendon Capital Management LP

CIK 0001604350 · 2425 OLYMPIC BLVD, SUITE 500E, SANTA MONICA, CA, 90404 · (310) 907-0450

Reported Value
$955M
Q1 2021
Positions
24
Filings on Record
31
2019–present window
Filed
May 21, 2021
amendment (RESTATEMENT)

Summary

Glendon Capital Management LP reported $955M in U.S.-listed holdings across 24 positions for Q1 2021.

Its largest position, EXE, represents 17.7% of the portfolio.

Compared with Q4 2020, the fund opened 11 new positions and exited 13.

Portfolio Metrics

Turnover
+23.4%
vs prior filed quarter
Top-10 Concentration
+88.8%
share of reported value
Largest Position
+17.7%
Chesapeake Energy
New / Exited
11 / 13
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $388MQ4 ’18Q1 ’19: $405MQ2 ’19: $427MQ3 ’19: $433MQ4 ’19: $430MQ4 ’19Q1 ’20: $306MQ2 ’20: $380MQ3 ’20: $469MQ4 ’20: $616MQ4 ’20Q1 ’21: $955MQ2 ’21: $1.5BQ3 ’21: $1.7BQ4 ’21: $1.9BQ4 ’21Q1 ’22: $1.5BQ2 ’22: $1.2BQ3 ’22: $1.1BQ4 ’22: $1.2BQ4 ’22Q1 ’23: $1.0BQ2 ’23: $1.0BQ3 ’23: $1.0BQ4 ’23: $1.3BQ4 ’23Q1 ’24: $1.3BQ2 ’24: $1.3BQ3 ’24: $1.6BQ4 ’24: $1.7BQ4 ’24Q1 ’25: $1.7BQ2 ’25: $1.8BQ3 ’25: $1.8BQ4 ’25: $1.7BQ4 ’25Q1 ’26: $805Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 75.7%REIT: 16.5%Other: 3.4%US DOMESTIC: 2.7%MLP: 1.0%Other: 0.7%
  • Common Stock · 75.7% · $722M
  • REIT · 16.5% · $157M
  • Other · 3.4% · $32M
  • US DOMESTIC · 2.7% · $26M
  • MLP · 1.0% · $10M
  • Other · 0.7% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EXECHESAPEAKE ENERGY CORPNEW+3.90M3.90M+$169M$169M
VERVEREIT INCNEW+4.08M4.08M+$157M$157M
FTSI1USDFTS INTERNATIONAL INCNEW+1.76M1.76M+$44M$44M
NRG ENERGY INCNEW+22.57M22.57M+$26M$26M
ISTAR INCNEW+601.9K601.9K+$11M$11M
UANCVR PARTNERS LPNEW+236.1K236.1K+$10M$10M
CHESAPEAKE ENERGY CORPNEW+137.1K137.1K+$2M$2M
CHESAPEAKE ENERGY CORPNEW+115.2K115.2K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EXECHESAPEAKE ENERGY CORPCOM · *W EXP 03/01/202 · *W EXP 99/99/99918.44%$176M4.26M
2CFCF INDS HLDGS INChistory →COM16.97%$162M3.57M
3VERVEREIT INChistory →COM16.49%$157M4.08M
4ALLYALLY FINL INChistory →COM13.83%$132M2.92M
5NRANRG ENERGY INCCOM NEW · DBCV 2.750% 6/07.06%$67M23.66M
6VSTVISTRA ENERGY CORPhistory →COM6.24%$60M3.37M
7FTSI1USDFTS INTERNATIONAL INChistory →COM4.56%$44M1.76M
8PCGPG&E CORPhistory →COM3.32%$32M2.71M
9WLLWHITING PETE CORP NEWhistory →COM NEW2.62%$25M705.0K
10EIXEDISON INTLhistory →COM2.22%$21M361.1K
11STEALTHGAS INCSHS1.93%$18M6.50M
12FPHFIVE POINT HOLDINGS LLChistory →COM CL A1.62%$15M2.04M
13BHCBAUSCH HEALTH COS INChistory →COM1.33%$13M400.7K
14ISTAR INCCOM1.12%$11M601.9K
15UANCVR PARTNERS LPCOM1.00%$10M236.1K
169KGNEXTIER OILFIELD SOLUTIONS ICOM0.86%$8M2.21M
17BURFORD CAP LTDORD SHS0.21%$2M300.9K
18EXTRACTION OIL & GAS INCCOM0.14%$1M36.8K
19AMPYAMPLIFY ENERGY CORP NEWCOM0.04%$358,000128.8K
20INTERNATIONAL SEAWAYS INCCOM0.00%$3,000158

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$805M25May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.7B25Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.8B24Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.8B24Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.7B25May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.7B24Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.6B24Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.3B22Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B22May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.3B22Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.0B21Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.0B19Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.0B20May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B21Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.1B24Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.2B25Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.5B24May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.9B25Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.7B24Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.5B22Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$955M24May 21, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$616M26Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$469M26Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$380M26Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$306M29May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$430M29Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$433M27Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$427M26Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$405M25May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$388M28Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.