CANYON CAPITAL ADVISORS LLC Diversified Active

CIK: 0001074034 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $760,749 (100.0% shares, 0.0% debt)

Holdings (14)

New Positions (2)

KVUE KENVUE INC 3.4%

Value ($000) $25,875 Shares 1,500,000 Est. Cost $16.26 Unrealized 0.0%

COMP COMPASS INC 2.8%

Value ($000) $21,150 Shares 2,000,936 Est. Cost $9.12 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KVUE	KENVUE INC	1,500,000	$25,875	3.4%	$16.26	0.0%	COM	49177J102
COMP	COMPASS INC	2,000,936	$21,150	2.8%	$9.12	0.0%	CL A	20464U100

Increased Positions (3)

AMBP ARDAGH METAL PACKAGING S A 6.7%

Value ($000) $51,016 (+13.8%) Shares 12,442,844 (+10.7%) Est. Cost $4.93 Unrealized -23.1%

— ANYWHERE REAL ESTATE INC 1.7%

Value ($000) $13,122 (+41.2%) Shares 926,699 (+5.6%) Est. Cost $7.27 Unrealized —

MBC MASTERBRAND INC 2.8%

Value ($000) $21,647 (-8.7%) Shares 1,960,766 (+8.9%) Est. Cost $11.61 Unrealized +0.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMBP	ARDAGH METAL PACKAGING S A	12,442,844 (+10.7%)	$51,016 (+13.8%)	6.7%	$4.93	-23.1%	SHS	L02235106
—	ANYWHERE REAL ESTATE INC	926,699 (+5.6%)	$13,122 (+41.2%)	1.7%	$7.27	—	COM	75605Y106
MBC	MASTERBRAND INC	1,960,766 (+8.9%)	$21,647 (-8.7%)	2.8%	$11.61	+0.8%	COMMON STOCK	57638P104

Exited Positions (2)

ACHC ACADIA HEALTHCARE COMPANY IN 1.7%

Value ($000) $12,919 Shares 521,774 Est. Cost $25.58 Unrealized -26.0%

SONWQ SONDER HOLDINGS INC 0.0%

Value ($000) $17 Shares 80,000 Est. Cost $0.72 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACHC	ACADIA HEALTHCARE COMPANY IN	521,774	$12,919	1.7%	$25.58	-26.0%	—	00404A109
SONWQ	SONDER HOLDINGS INC	80,000	$17	0.0%	$0.72	—	—	83542D110

Decreased Positions (2)

— AMCOR PLC 7.2%

Value ($000) $54,581 (-58.3%) Shares 6,544,432 (-59.1%) Est. Cost $9.15 Unrealized -9.8%

SDRL SEADRILL LTD 17.0%

Value ($000) $129,475 (+1.4%) Shares 3,742,062 (-11.5%) Est. Cost $37.11 Unrealized -16.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	AMCOR PLC	6,544,432 (-59.1%)	$54,581 (-58.3%)	7.2%	$9.15	-9.8%	ORD	G0250X107
SDRL	SEADRILL LTD	3,742,062 (-11.5%)	$129,475 (+1.4%)	17.0%	$37.11	-16.1%	COM	G7997W102

Unchanged Positions (7)

CBL CBL & ASSOC PPTYS INC 41.2%

Value ($000) $313,253 Shares 8,466,294 Est. Cost $32.01 Unrealized —

FFWM FIRST FNDTN INC 6.6%

Value ($000) $50,219 Shares 8,152,392 Est. Cost $6.40 Unrealized -12.5%

MAGN MAGNERA CORP 1.6%

Value ($000) $12,263 Shares 810,000 Est. Cost $19.66 Unrealized -41.1%

RUN SUNRUN INC 4.1%

Value ($000) $31,280 Shares 1,700,000 Est. Cost $14.26 Unrealized +34.5%

NE NOBLE CORP PLC 4.8%

Value ($000) $36,831 Shares 1,304,230 Est. Cost $37.98 Unrealized -23.0%

BAERW BRIDGER AEROSPACE GRP HLDGS 0.0%

Value ($000) $35 Shares 175,000 Est. Cost $0.16 Unrealized —

BSLKW BOLT PROJS HLDGS INC 0.0%

Value ($000) $3 Shares 166,666 Est. Cost $0.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBL	CBL & ASSOC PPTYS INC	8,466,294	$313,253	41.2%	$32.01	—	COMMON STOCK	124830878
FFWM	FIRST FNDTN INC	8,152,392	$50,219	6.6%	$6.40	-12.5%	COM	32026V104
MAGN	MAGNERA CORP	810,000	$12,263	1.6%	$19.66	-41.1%	COM SHS	55939A107
RUN	SUNRUN INC	1,700,000	$31,280	4.1%	$14.26	+34.5%	COM	86771W105
NE	NOBLE CORP PLC	1,304,230	$36,831	4.8%	$37.98	-23.0%	ORD SHS A	G65431127
BAERW	BRIDGER AEROSPACE GRP HLDGS	175,000	$35	0.0%	$0.16	—	*W EXP 01/24/202	96812F110
BSLKW	BOLT PROJS HLDGS INC	166,666	$3	0.0%	$0.03	—	*W EXP 08/13/202	09769B115