Glendon Capital Management LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Glendon Capital Management LP reported 20 stock positions worth $1.2 billion. Its top holding was Frontier Communications Pare (FYBR) at 53.1% of the portfolio, followed by Expand Energy (EXE, 14.6%) and Ally Financial (ALLY, 8.3%). Compared with Q1 2024, it added to 1 and reduced 2. The biggest buy was Diebold Nixdorf (DBD, shares +5%) and the biggest sale Vistra (VST, shares −32%).

Most Recent 13F
Q2 2026
Location
Santa Monica, CA
CIK
0001604350
Portfolio Value
$1.2B (Q2 2024)
SEC Filing
0001604350-24-000016 ↗ filed Aug 12, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B $1.2B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $804.1M Q1 2026 Q2 2026: $771.5M Q2 2026

Holdings 20 stocks · $1.2B
FYBR Frontier Communications Pare 53.08% 24,215,909 $634.0M No change
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 14.61% 2,124,060 $174.5M No change
ALLY Ally Financial Inc. 8.26% 2,485,472 $98.6M No change
VST Vistra Corp. 4.17% 578,893 $49.8M Reduce -31.8%
DBD Diebold Nixdorf Inc. 3.96% 1,230,303 $47.3M Add +4.8%
GASS Stealthgas Inc. 3.63% 5,906,056 $43.4M No change
NRG NRG Energy Inc. 3.49% 535,953 $41.7M Reduce -10.0%
CHRD Chord Energy Corp. 3.38% 240,550 $40.3M No change
ACT Enact Holdings Inc. 3.33% 1,298,718 $39.8M No change
NCMI National Cinemedia Inc. 0.62% 1,678,903 $7.4M No change
FPH Five Point Holdings LLC Class A 0.44% 1,807,320 $5.3M No change
SVC Service Pptys TR 0.30% 692,346 $3.6M No change
COOK Traeger Inc. 0.23% 1,165,546 $2.8M No change
TCSGQ Container Store Group Inc. 0.22% 4,763,546 $2.6M No change
ONL Orion Properties Inc. filed as ORION OFFICE REIT INC 0.11% 359,563 $1.3M No change
SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY 0.10% 636,954 $1.2M No change
GOCOQ Gohealth Inc. Class A 0.06% 71,961 $699K No change
VAL Valaris Ltd. 0.00% 658 $49K No change
NATL NCR Atleos Corp. 0.00% 1,000 $27K No change
INSW International Seaways Inc. 0.00% 158 $0 No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $117.4M (not counted above)
SecurityClassShares / PrincipalValueChange
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 141,574,000$117.4MNo change
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% 1,000$19KNo change

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q1 2024 → Q2 2024
VST Vistra Corp. Reduce -31.8% 4.17% −0.87
NRG NRG Energy Inc. Reduce -10.0% 3.49% +0.06

Portfolio Buys Q1 2024 → Q2 2024
DBD Diebold Nixdorf Inc. Add +4.8% 3.96% +0.52

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 24$771.5MEXE, NRG, ALLY, VST, ACT
Q1 2026 23$804.1MEXE, VST, NRG, TLN, ALLY
Q4 2025 22$1.7BFYBR, EXE, NRG, TLN, VST
Q3 2025 22$1.8BFYBR, EXE, VST, TLN, NRG
Q2 2025 22$1.8BFYBR, EXE, VST, ALLY, NRG
Q1 2025 22$1.7BFYBR, EXE, TLN, ALLY, VST
Q4 2024 22$1.7BFYBR, EXE, TLN, ALLY, VST
Q3 2024 22$1.6BFYBR, EXE, TLN, ALLY, VST
Q2 2024 20$1.2BFYBR, EXE, ALLY, VST, DBD
Q1 2024 20$1.2BFYBR, EXE, ALLY, VST, CHRD