Glendon Capital Management LP Long-Term Concentrated

Location: Santa Monica, CA

CIK: 0001604350 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 14, 2020

Total Value: $430M (95.2% shares, 4.8% debt)

Holdings (29)

CF CF INDS HLDGS INC 31.7%

Value $136M Shares 2,853,191 Est. Cost $30.24 Unrealized +33.2%

— VEREIT INC 17.2%

Value $73.91M Shares 7,998,759 Est. Cost $7.78 Unrealized —

ALLY ALLY FINL INC 16.8%

Value $72.47M Shares 2,371,259 Est. Cost $18.05 Unrealized +41.4%

GASS STEALTHGAS INC 5.2%

Value $22.29M Shares 6,498,794 Est. Cost $4.94 Unrealized -31.2%

DAN DANA INCORPORATED 4.9%

Value $20.93M Shares 1,149,858 Est. Cost $13.60 Unrealized +7.0%

— ENSCO JERSEY FIN LTD 4.6%

Value $19.67M Shares 28,000,000 Est. Cost $0.68 Unrealized —

— NEXTIER OILFIELD SOLUTIONS I 3.8%

Value $16.25M Shares 2,425,751 Est. Cost $6.70 Unrealized —

BHC BAUSCH HEALTH COS INC 3.6%

Value $15.64M Shares 522,645 Est. Cost $23.77 Unrealized +9.4%

FPH FIVE POINT HOLDINGS LLC 3.3%

Value $14.21M Shares 2,044,964 Est. Cost $15.19 Unrealized -55.0%

— CVR PARTNERS LP 1.7%

Value $7.32M Shares 2,361,308 Est. Cost $3.55 Unrealized —

CHWY CHEWY INC 1.7%

Value $7.25M Shares 250,000 Est. Cost — Unrealized —

— CURO GROUP HLDGS CORP 1.4%

Value $6.086M Shares 499,682 Est. Cost $15.11 Unrealized —

PCG PG&E CORP 0.8%

Value $3.464M Shares 318,700 Est. Cost $25.74 Unrealized -67.1%

LUV SOUTHWEST AIRLS CO 0.7%

Value $2.999M Shares 55,558 Est. Cost $46.28 Unrealized +10.8%

— APTIV PLC 0.6%

Value $2.514M Shares 26,468 Est. Cost $84.82 Unrealized —

AAL AMERICAN AIRLS GROUP INC 0.5%

Value $2.222M Shares 77,473 Est. Cost $40.63 Unrealized -30.2%

AMPY AMPLIFY ENERGY CORP NEW 0.3%

Value $1.212M Shares 183,404 Est. Cost $4.74 Unrealized +18.5%

— CHESAPEAKE ENERGY CORP 0.2%

Value $995K Shares 2,000,000 Est. Cost $0.91 Unrealized —

BTU PEABODY ENERGY CORP NEW 0.2%

Value $923K Shares 101,248 Est. Cost $21.64 Unrealized -49.1%

DAL DELTA AIR LINES INC DEL 0.2%

Value $834K Shares 14,261 Est. Cost $43.41 Unrealized +24.6%

UAL UNITED CONTL HLDGS INC 0.2%

Value $807K Shares 9,158 Est. Cost $56.30 Unrealized +59.4%

YPF YPF SOCIEDAD ANONIMA 0.1%

Value $605K Shares 52,250 Est. Cost $26.47 Unrealized —

— MCDERMOTT INTL INC (Restricted Shares) 0.1%

Value $402K Shares 594,158 Est. Cost $0.68 Unrealized —

— FTS INTERNATIONAL INC 0.1%

Value $312K Shares 300,000 Est. Cost $18.39 Unrealized —

— ATLANTICA YIELD PLC 0.0%

Value $214K Shares 8,122 Est. Cost $18.73 Unrealized —

— OI S A 0.0%

Value $206K Shares 220,670 Est. Cost $2.65 Unrealized —

— BASIC ENERGY SVCS INC NEW 0.0%

Value $103K Shares 390,379 Est. Cost $21.90 Unrealized —

— WHITING PETE CORP NEW 0.0%

Value $47,000 Shares 6,456 Est. Cost $26.49 Unrealized —

INSW INTERNATIONAL SEAWAYS INC 0.0%

Value $5,000 Shares 158 Est. Cost $8.64 Unrealized +88.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CF	CF INDS HLDGS INC	2,853,191	$136M	31.7%	$30.24	+33.2%	COM	125269100
—	VEREIT INC	7,998,759	$73.91M	17.2%	$7.78	—	COM	92339V100
ALLY	ALLY FINL INC	2,371,259	$72.47M	16.8%	$18.05	+41.4%	COM	02005N100
GASS	STEALTHGAS INC	6,498,794	$22.29M	5.2%	$4.94	-31.2%	SHS	Y81669106
DAN	DANA INCORPORATED	1,149,858	$20.93M	4.9%	$13.60	+7.0%	COM	235825205
—	ENSCO JERSEY FIN LTD	28,000,000	$19.67M	4.6%	$0.68	—	NOTE 3.00% 1/3	29359WAB1
—	NEXTIER OILFIELD SOLUTIONS I	2,425,751	$16.25M	3.8%	$6.70	—	COM	65290C105
BHC	BAUSCH HEALTH COS INC	522,645	$15.64M	3.6%	$23.77	+9.4%	COM	071734107
FPH	FIVE POINT HOLDINGS LLC	2,044,964	$14.21M	3.3%	$15.19	-55.0%	COM CL A	33833Q106
—	CVR PARTNERS LP	2,361,308	$7.32M	1.7%	$3.55	—	COM	126633106
CHWY	CHEWY INC	250,000	$7.25M	1.7%	—	—	Call	16679L109
—	CURO GROUP HLDGS CORP	499,682	$6.086M	1.4%	$15.11	—	COM	23131L107
PCG	PG&E CORP	318,700	$3.464M	0.8%	$25.74	-67.1%	COM	69331C108
LUV	SOUTHWEST AIRLS CO	55,558	$2.999M	0.7%	$46.28	+10.8%	COM	844741108
—	APTIV PLC	26,468	$2.514M	0.6%	$84.82	—	SHS	G6095L109
AAL	AMERICAN AIRLS GROUP INC	77,473	$2.222M	0.5%	$40.63	-30.2%	COM	02376R102
AMPY	AMPLIFY ENERGY CORP NEW	183,404	$1.212M	0.3%	$4.74	+18.5%	COM	03212B103
—	CHESAPEAKE ENERGY CORP	2,000,000	$995K	0.2%	$0.91	—	NOTE 5.500% 9/1	165167CY1
BTU	PEABODY ENERGY CORP NEW	101,248	$923K	0.2%	$21.64	-49.1%	COM	704551100
DAL	DELTA AIR LINES INC DEL	14,261	$834K	0.2%	$43.41	+24.6%	COM	247361702
UAL	UNITED CONTL HLDGS INC	9,158	$807K	0.2%	$56.30	+59.4%	COM	910047109
YPF	YPF SOCIEDAD ANONIMA	52,250	$605K	0.1%	$26.47	—	SPON ADR CL D	984245100
—	MCDERMOTT INTL INC (Restricted Shares)	594,158	$402K	0.1%	$0.68	—	COM	580037703
—	FTS INTERNATIONAL INC	300,000	$312K	0.1%	$18.39	—	COM	30283W104
—	ATLANTICA YIELD PLC	8,122	$214K	0.0%	$18.73	—	SHS	G0751N103
—	OI S A	220,670	$206K	0.0%	$2.65	—	SPONSORED ADR NE	670851500
—	BASIC ENERGY SVCS INC NEW	390,379	$103K	0.0%	$21.90	—	COM	06985P209
—	WHITING PETE CORP NEW	6,456	$47,000	0.0%	$26.49	—	COM	966387409
INSW	INTERNATIONAL SEAWAYS INC	158	$5,000	0.0%	$8.64	+88.1%	COM	Y41053102