Oaktree Fund Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 20, 2026), Oaktree Fund Advisors, LLC reported 12 stock positions worth $56.5 million. Its top holding was Anglogold Ashanti (AU) at 26.4% of the portfolio, followed by Petroleo Brasileiro-Spon ADR (PBR, 14.2%) and Barrick Mining (B, 12.9%). Compared with Q4 2025, it opened 3 new positions, sold out of 5, added to 2 and reduced 6. The biggest buy was a new position in Petroleo Brasileiro-Spon ADR (PBR) and the biggest sale an exit from Nu Holdings Ltd./Cayman Isl-A (NU).

Most Recent 13F
Q2 2026
Location
LOS ANGLES, CA
CIK
0001822973
Portfolio Value
$56.5M (Q1 2026)
SEC Filing
0001822973-26-000003 ↗ filed May 20, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $110.2M Q1 2024 Q2 2024: $105.7M Q2 2024 Q3 2024: $87.7M Q3 2024 Q4 2024: $58.4M Q4 2024 Q1 2025: $67.7M Q1 2025 Q2 2025: $56.6M Q2 2025 Q3 2025: $53.8M Q3 2025 Q4 2025: $53.4M Q4 2025 Q1 2026: $56.5M $56.5M Q1 2026 Q2 2026: $57.7M Q2 2026

Holdings 12 stocks · $56.5M
AU Anglogold Ashanti PLC 26.44% 153,375 $14.9M Reduce -5.6%
PBR Petroleo Brasileiro-Spon ADR 14.15% 385,174 $8.0M New
B Barrick Mining Corp. 12.87% 178,194 $7.3M Reduce -1.8%
ITUB Itau Unibanco H-Spon PRF ADR 11.31% 761,827 $6.4M Reduce -1.8%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 8.89% 108,600 $5.0M New
FCX Freeport-McMoran Inc. 7.81% 74,995 $4.4M Reduce -1.8%
XP XP Inc. Class A 6.73% 199,519 $3.8M Add +6.7%
HDB HDFC Bank Ltd.-ADR 5.57% 126,519 $3.1M Reduce -1.8%
EMBJ Embraer SA-Spon ADR 2.95% 28,056 $1.7M New
TX Ternium SA-Sponsored ADR 2.71% 38,186 $1.5M Reduce -1.8%
ALVO Alvotech SA 0.47% 217,663 $264K Add +48.2%
BTAIQ Bioxcel Therapeutics Inc. 0.10% 42,913 $58K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $454K (not counted above)
SecurityClassShares / PrincipalValueChange
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 395,000$394KNo change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 62,000$61KNo change

Total filed on the 13F, all lines: $56.9M.

Portfolio Sells Q4 2025 → Q1 2026
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −7.61
GRAB Grab Holdings Ltd. Class A Sold out 0.00% −6.16
YMM Full Truck Alliance -SPN ADR Sold out 0.00% −4.20
BZ Kanzhun Ltd. - ADR Sold out 0.00% −3.39
HDB HDFC Bank Ltd.-ADR Reduce -1.8% 5.57% −3.24
INFY Infosys Ltd.-SP ADR Sold out 0.00% −2.03
B Barrick Mining Corp. Reduce -1.8% 12.87% −1.93
TX Ternium SA-Sponsored ADR Reduce -1.8% 2.71% −0.07
AU Anglogold Ashanti PLC Reduce -5.6% 26.44% +0.50
FCX Freeport-McMoran Inc. Reduce -1.8% 7.81% +0.54
ITUB Itau Unibanco H-Spon PRF ADR Reduce -1.8% 11.31% +0.90

Portfolio Buys Q4 2025 → Q1 2026
PBR Petroleo Brasileiro-Spon ADR New 14.15% +14.15
YPF YPF S.A.-Sponsored ADR New 8.89% +8.89
EMBJ Embraer SA-Spon ADR New 2.95% +2.95
XP XP Inc. Class A Add +6.7% 6.73% +0.99
ALVO Alvotech SA Add +48.2% 0.47% −0.28

Notes & Other Activity Q4 2025 → Q1 2026
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Sold out 175,000 $173Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 13$57.7MAU, B, ITUB, YPF, FCX
Q1 2026Amended 12$56.5MAU, PBR, B, ITUB, YPF
Q4 2025 14$53.4MAU, B, ITUB, HDB, NU
Q3 2025 15$53.8MAU, B, ITUB, HDB, GRAB
Q2 2025 16$56.6MINDA, AU, HDB, FCX, ITUB
Q1 2025 21$67.7MINDA, AU, FCX, HDB, B
Q4 2024 20$58.4MINDA, AU, HDB, FCX, JD
Q3 2024 23$87.7MINDA, AU, FCX, JD, VALE
Q2 2024 17$105.7MAU, VALE, FCX, INDA, JD
Q1 2024 19$110.2MFCX, AU, VALE, BBD, PBR