Oaktree Fund Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Oaktree Fund Advisors, LLC reported 16 stock positions worth $56.6 million. Its top holding was iShares MSCI India ETF (INDA) at 21.3% of the portfolio, followed by Anglogold Ashanti (AU, 20.7%) and HDFC Bank Ltd.-ADR (HDB, 9.2%). Compared with Q1 2025, it opened 4 new positions, sold out of 9, added to 8 and reduced 4. The biggest buy was Itau Unibanco H-Spon PRF ADR (ITUB, shares +45%) and the biggest sale an exit from H World Group Ltd.-ADR (HTHT).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGLES, CA
- CIK
- 0001822973
- Portfolio Value
- $56.6M (Q2 2025)
- SEC Filing
- 0000949509-25-000005 ↗ filed Aug 13, 2025
Holdings Value
Holdings 16 stocks · $56.6M
| INDA iShares MSCI India ETF | 21.26% | 216,039 | $12.0M | Reduce -11.1% |
| AU Anglogold Ashanti PLC | 20.69% | 256,810 | $11.7M | Reduce -21.9% |
| HDB HDFC Bank Ltd.-ADR | 9.21% | 67,942 | $5.2M | Add +3.5% |
| FCX Freeport-McMoran Inc. | 8.83% | 115,231 | $5.0M | Reduce -16.2% |
| ITUB Itau Unibanco H-Spon PRF ADR | 7.88% | 656,761 | $4.5M | Add +44.7% |
| B Barrick Mining Corp. | 7.04% | 191,394 | $4.0M | Add +14.9% |
| GRAB Grab Holdings Ltd. Class A | 6.18% | 695,616 | $3.5M | Add +3.5% |
| EC Ecopetrol SA-Sponsored ADR | 3.25% | 207,885 | $1.8M | Add +3.5% |
| BZ Kanzhun Ltd. - ADR | 2.95% | 93,647 | $1.7M | Add +22.7% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 2.84% | 90,611 | $1.6M | Add +11.0% |
| TX Ternium SA-Sponsored ADR | 2.74% | 51,529 | $1.6M | Add +3.4% |
| YMM Full Truck Alliance -SPN ADR | 2.25% | 107,891 | $1.3M | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 2.07% | 37,189 | $1.2M | New |
| SE Sea Ltd.-ADR | 1.44% | 5,077 | $812K | New |
| ALVO Alvotech SA | 1.23% | 76,023 | $693K | Reduce -27.7% |
| BTAIQ Bioxcel Therapeutics Inc. | 0.14% | 42,913 | $78K | New |
Other holdings (30): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 239,000 | $229K | Add +41.4% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 190,000 | $180K | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 183,000 | $174K | Add +4.6% |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 130,000 | $128K | Reduce -44.7% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 20,000 | $21K | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 20,000 | $19K | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 20,000 | $19K | Reduce -33.3% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 18,000 | $17K | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 15,000 | $17K | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 14,000 | $16K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 17,000 | $16K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 14,000 | $15K | No change |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 15,000 | $15K | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 17,000 | $15K | Reduce -39.3% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 15,000 | $14K | Reduce -28.6% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 13,000 | $14K | Reduce -18.8% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 16,000 | $14K | Reduce -30.4% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 12,000 | $14K | New |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 14,000 | $14K | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 13,000 | $12K | Reduce -31.6% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 13,000 | $12K | Reduce -35.0% |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 12,000 | $12K | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 12,000 | $11K | Reduce -14.3% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 10,000 | $11K | Reduce -60.0% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 11,000 | $11K | New |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 11,000 | $10K | Reduce -45.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 10,000 | $10K | New |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 10,000 | $10K | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 10,000 | $10K | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 11,000 | $9K | Reduce -31.3% |
Total filed on the 13F, all lines: $57.6M.
Portfolio Sells Q1 2025 → Q2 2025
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −4.18 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −3.78 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −3.67 |
| BILI Bilibili Inc.-Sponsored ADR | Sold out | 0.00% | −3.56 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −3.47 |
| CX Cemex Sab-Spons ADR Part Cer | Sold out | 0.00% | −2.38 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −1.76 |
| KC Kingsoft Cloud Holdings-ADR | Sold out | 0.00% | −1.51 |
| DQ Daqo New Energy Corp.-ADR | Sold out | 0.00% | −0.58 |
| ALVO Alvotech SA | Reduce -27.7% | 1.23% | −0.28 |
| FCX Freeport-McMoran Inc. | Reduce -16.2% | 8.83% | +1.13 |
| AU Anglogold Ashanti PLC | Reduce -21.9% | 20.69% | +2.66 |
| INDA iShares MSCI India ETF | Reduce -11.1% | 21.26% | +2.78 |
Portfolio Buys Q1 2025 → Q2 2025
| ITUB Itau Unibanco H-Spon PRF ADR | Add +44.7% | 7.88% | +4.19 |
| HDB HDFC Bank Ltd.-ADR | Add +3.5% | 9.21% | +2.76 |
| B Barrick Mining Corp. | Add +14.9% | 7.04% | +2.26 |
| YMM Full Truck Alliance -SPN ADR | New | 2.25% | +2.25 |
| YPF YPF S.A.-Sponsored ADR | New | 2.07% | +2.07 |
| GRAB Grab Holdings Ltd. Class A | Add +3.5% | 6.18% | +1.69 |
| SE Sea Ltd.-ADR | New | 1.44% | +1.44 |
| BZ Kanzhun Ltd. - ADR | Add +22.7% | 2.95% | +0.79 |
| TX Ternium SA-Sponsored ADR | Add +3.4% | 2.74% | +0.45 |
| BEKE Ke Holdings Inc.-ADR | Add +11.0% | 2.84% | +0.42 |
| EC Ecopetrol SA-Sponsored ADR | Add +3.5% | 3.25% | +0.15 |
| BTAIQ Bioxcel Therapeutics Inc. | New | 0.14% | +0.14 |
Notes & Other Activity Q1 2025 → Q2 2025
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +41.4% | 239,000 | $229K |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +4.6% | 183,000 | $174K |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | Reduce -44.7% | 130,000 | $128K |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 25,000 | $24Kbefore exit |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 20,000 | $19K |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -33.3% | 20,000 | $19K |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 15,000 | $17K |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Sold out | 17,000 | $15Kbefore exit |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 15,000 | $15K |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -39.3% | 17,000 | $15K |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Sold out | 13,000 | $15Kbefore exit |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Reduce -28.6% | 15,000 | $14K |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Reduce -18.8% | 13,000 | $14K |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -30.4% | 16,000 | $14K |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 12,000 | $14K |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | New | 14,000 | $14K |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -31.6% | 13,000 | $12K |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 13,000 | $12Kbefore exit |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Reduce -35.0% | 13,000 | $12K |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | New | 12,000 | $12K |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Sold out | 11,000 | $12Kbefore exit |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Sold out | 12,000 | $11Kbefore exit |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | Sold out | 11,000 | $11Kbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Reduce -14.3% | 12,000 | $11K |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Reduce -60.0% | 10,000 | $11K |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | New | 11,000 | $11K |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | Sold out | 12,000 | $11Kbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Reduce -45.0% | 11,000 | $10K |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 10,000 | $10K |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 11,000 | $10Kbefore exit |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | New | 10,000 | $10K |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | New | 10,000 | $10K |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Reduce -31.3% | 11,000 | $9K |
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 |