Canyon Capital Advisors LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Canyon Capital Advisors LLC reported 18 stock positions worth $772.0 million . Its top holding was CBL & Associates Properties (CBL) at 42.1% of the portfolio, followed by Seadrill (SDRL, 7.4% ) and Electronic Arts (EA, 7.3% ). Compared with Q4 2025, it opened 8 new positions, sold out of 2, added to 2 and reduced 5. The biggest buy was a new position in Electronic Arts (EA) and the biggest sale Seadrill (SDRL, shares −66% ).
Location DALLAS, TX
CIK 0001074034
Portfolio Value $772.0M (Q1 2026) Holdings 18 stocks · $772.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 CBL CBL & Associates Properties 8,466,294 $325.4M No change SDRL Seadrill Limited 1,261,779 $57.4M Reduce -66.3% EA Electronic Arts Inc. 275,994 $56.3M New QRVO Qorvo Inc. 621,975 $48.1M New FFWM First Foundation Inc. 8,152,392 $48.1M No change AMBP Ardagh Metal Packaging SA 11,523,328 $46.7M Reduce -7.4% RUN Sunrun Inc. 2,470,000 $33.5M Add +45.3% COMP Compass Inc. Class A 3,499,874 $25.6M Add +74.9% WBD Warner Bros Discovery Inc. 900,000 $24.7M New ATKR Atkore Inc. 305,000 $18.0M New AMCR Amcor PLC 431,885 $17.2M Reduce -67.0% PFSI Pennymac Financial Services 187,500 $16.4M New MBC Masterbrand Inc. 1,691,901 $14.1M Reduce -13.7% KVUE Kenvue Inc. 750,000 $12.9M Reduce -50.0% OCFC Oceanfirst Financial Corp. 613,230 $11.1M New MAGN Magnera Corp. 810,000 $7.7M No change JHX James Hardie Ind PLC 398,700 $7.6M New FFIC Flushing Financial Corp. 91,155 $1.4M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $68K (not counted above) Security Class Shares / Principal Value Change BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 · principal 175,000 $68K No change
Total filed on the 13F, all lines: $772.0M.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ SDRL Seadrill Limited Reduce -66.3% 7.44% −9.58 AMCR Amcor PLC Reduce -67.0% 2.22% −4.95 NE Noble Corp. PLC Sold out 0.00% −4.84 KVUE Kenvue Inc. Reduce -50.0% 1.67% −1.73 HOUS Anywhere Real Estate Inc. Sold out 0.00% −1.73 MBC Masterbrand Inc. Reduce -13.7% 1.82% −1.02 AMBP Ardagh Metal Packaging SA Reduce -7.4% 6.05% −0.66
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ EA Electronic Arts Inc. New 7.29% +7.29 QRVO Qorvo Inc. New 6.24% +6.24 WBD Warner Bros Discovery Inc. New 3.20% +3.20 ATKR Atkore Inc. New 2.33% +2.33 PFSI Pennymac Financial Services New 2.12% +2.12 OCFC Oceanfirst Financial Corp. New 1.43% +1.43 JHX James Hardie Ind PLC New 0.98% +0.98 COMP Compass Inc. Class A Add +74.9% 3.31% +0.53 RUN Sunrun Inc. Add +45.3% 4.34% +0.23 FFIC Flushing Financial Corp. New 0.18% +0.18
Notes & Other Activity Q4 2025 → Q1 2026 Security Class Change vs Q4 2025 Shares / Principal Value ▼ BSLKW Golden Arrow Merger A -CW26 *W EXP 08/13/202 · principal Sold out 166,666 $3Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 21 $882.0M CBL, FSUN, WBD, AMBP, COMP Q1 2026 18 $772.0M CBL, SDRL, EA, QRVO, FFWM Q4 2025 12 $760.7M CBL, SDRL, AMCR, AMBP, FFWM Q3 2025 11 $729.4M CBL, AMCR, SDRL, FFWM, AMBP Q2 2025 13 $723.0M CBL, AMCR, SDRL, AMBP, FFWM Q1 2025 11 $696.1M CBL, BERY, SDRL, FFWM, AMBP Q4 2024 9 $778.8M CBL, SDRL, BERY, NE, FFWM Q3 2024 10 $790.2M CBL, SDRL, BERY, NE, FFWM Q2 2024 9 $838.0M SDRL, CBL, BERY, NE, HES Q1 2024 9 $866.6M SDRL, CBL, BERY, NE, HES