Oaktree Fund Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Oaktree Fund Advisors, LLC reported 20 stock positions worth $58.4 million. Its top holding was iShares MSCI India ETF (INDA) at 17.0% of the portfolio, followed by Anglogold Ashanti (AU, 13.6%) and HDFC Bank Ltd.-ADR (HDB, 7.5%). Compared with Q3 2024, it opened 3 new positions, sold out of 6, added to 1 and reduced 16. The biggest buy was Netease Inc.-ADR (NTES, shares +56%) and the biggest sale an exit from Itau Unibanco H-Spon PRF ADR (ITUB).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGLES, CA
- CIK
- 0001822973
- Portfolio Value
- $58.4M (Q4 2024)
- SEC Filing
- 0001790787-25-000004 ↗ filed Feb 12, 2025
Holdings Value
Holdings 20 stocks · $58.4M
| INDA iShares MSCI India ETF | 16.98% | 188,402 | $9.9M | Reduce -11.8% |
| AU Anglogold Ashanti PLC | 13.62% | 344,774 | $8.0M | Reduce -11.8% |
| HDB HDFC Bank Ltd.-ADR | 7.53% | 68,877 | $4.4M | Reduce -11.8% |
| FCX Freeport-McMoran Inc. | 7.39% | 113,317 | $4.3M | Reduce -32.7% |
| JD Jd.com Inc.-ADR | 5.64% | 95,028 | $3.3M | Reduce -31.1% |
| TCOM Trip.com Group Ltd.-ADR | 5.46% | 46,465 | $3.2M | Reduce -18.6% |
| PBR Petroleo Brasileiro-Spon ADR | 4.92% | 223,344 | $2.9M | Reduce -20.2% |
| VALE Vale SA-SP ADR | 4.88% | 321,073 | $2.8M | Reduce -27.1% |
| YUMC Yum China Holdings Inc. | 4.78% | 57,987 | $2.8M | Reduce -19.3% |
| HTHT H World Group Ltd.-ADR | 4.14% | 73,190 | $2.4M | Reduce -11.7% |
| INFY Infosys Ltd.-SP ADR | 4.12% | 109,693 | $2.4M | Reduce -11.8% |
| NTES Netease Inc.-ADR | 4.09% | 26,804 | $2.4M | Add +55.7% |
| PDD PDD Holdings Inc. | 2.93% | 17,631 | $1.7M | Reduce -12.0% |
| BZ Kanzhun Ltd. - ADR | 2.79% | 117,994 | $1.6M | Reduce -21.1% |
| ALVO Alvotech SA | 2.63% | 116,294 | $1.5M | Reduce -2.1% |
| TX Ternium SA-Sponsored ADR | 2.60% | 52,229 | $1.5M | Reduce -11.8% |
| B Barrick Gold Corp. | 1.81% | 68,033 | $1.1M | New |
| MESO Mesoblast Ltd.- Spon ADR | 1.62% | 47,909 | $949K | New |
| DQ Daqo New Energy Corp.-ADR | 1.12% | 33,793 | $657K | Reduce -18.8% |
| CPNG Coupang Inc. | 0.96% | 25,403 | $558K | New |
Other holdings (27): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 235,000 | $209K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 191,000 | $178K | Add +122.1% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 175,000 | $163K | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 155,000 | $145K | Add +675.0% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 34,000 | $36K | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 32,000 | $35K | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 38,000 | $32K | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 26,000 | $29K | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 24,000 | $26K | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 25,000 | $26K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 25,000 | $26K | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 31,000 | $25K | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 22,000 | $24K | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 21,000 | $22K | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 22,000 | $22K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 21,000 | $21K | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 20,000 | $21K | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 17,000 | $19K | Reduce -10.5% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 15,000 | $18K | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 16,000 | $17K | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 14,000 | $17K | Reduce -54.8% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 14,000 | $15K | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 12,000 | $14K | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 11,000 | $14K | Reduce -52.2% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 12,000 | $13K | New |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 12,000 | $11K | Reduce -53.9% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 11,000 | $10K | New |
Total filed on the 13F, all lines: $59.6M.
Portfolio Sells Q3 2024 → Q4 2024
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −4.68 |
| BBD Banco Bradesco-ADR | Sold out | 0.00% | −3.06 |
| JOYY Joyy Inc.-ADR | Sold out | 0.00% | −2.76 |
| FCX Freeport-McMoran Inc. | Reduce -32.7% | 7.39% | −2.20 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −2.00 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −1.49 |
| VALE Vale SA-SP ADR | Reduce -27.1% | 4.88% | −0.99 |
| XP XP Inc. Class A | Sold out | 0.00% | −0.77 |
| JD Jd.com Inc.-ADR | Reduce -31.1% | 5.64% | −0.65 |
| BZ Kanzhun Ltd. - ADR | Reduce -21.1% | 2.79% | −0.17 |
| PDD PDD Holdings Inc. | Reduce -12.0% | 2.93% | −0.15 |
| TX Ternium SA-Sponsored ADR | Reduce -11.8% | 2.60% | +0.11 |
| DQ Daqo New Energy Corp.-ADR | Reduce -18.8% | 1.12% | +0.16 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -20.2% | 4.92% | +0.31 |
| HTHT H World Group Ltd.-ADR | Reduce -11.7% | 4.14% | +0.62 |
| INFY Infosys Ltd.-SP ADR | Reduce -11.8% | 4.12% | +0.96 |
| ALVO Alvotech SA | Reduce -2.1% | 2.63% | +1.02 |
| YUMC Yum China Holdings Inc. | Reduce -19.3% | 4.78% | +1.09 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -18.6% | 5.46% | +1.59 |
| AU Anglogold Ashanti PLC | Reduce -11.8% | 13.62% | +1.75 |
| HDB HDFC Bank Ltd.-ADR | Reduce -11.8% | 7.53% | +1.96 |
| INDA iShares MSCI India ETF | Reduce -11.8% | 16.98% | +2.72 |
Portfolio Buys Q3 2024 → Q4 2024
Notes & Other Activity Q3 2024 → Q4 2024
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +122.1% | 191,000 | $178K |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +675.0% | 155,000 | $145K |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 32,000 | $35K |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Sold out | 22,000 | $26Kbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 22,000 | $24K |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 19,000 | $23Kbefore exit |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -10.5% | 17,000 | $19K |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 16,000 | $17K |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -54.8% | 14,000 | $17K |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 16,000 | $16Kbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Sold out | 12,000 | $15Kbefore exit |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 14,000 | $15K |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | New | 12,000 | $14K |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -52.2% | 11,000 | $14K |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | New | 12,000 | $13K |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 12,000 | $12Kbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Reduce -53.9% | 12,000 | $11K |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | New | 11,000 | $10K |
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 | 13 | $57.7M | AU, B, ITUB, YPF, FCX |
| Q1 2026Amended | 12 | $56.5M | AU, PBR, B, ITUB, YPF |
| Q4 2025 | 14 | $53.4M | AU, B, ITUB, HDB, NU |
| Q3 2025 | 15 | $53.8M | AU, B, ITUB, HDB, GRAB |
| Q2 2025 | 16 | $56.6M | INDA, AU, HDB, FCX, ITUB |
| Q1 2025 | 21 | $67.7M | INDA, AU, FCX, HDB, B |
| Q4 2024 | 20 | $58.4M | INDA, AU, HDB, FCX, JD |
| Q3 2024 | 23 | $87.7M | INDA, AU, FCX, JD, VALE |
| Q2 2024 | 17 | $105.7M | AU, VALE, FCX, INDA, JD |
| Q1 2024 | 19 | $110.2M | FCX, AU, VALE, BBD, PBR |