Glendon Capital Management LP Long-Term Concentrated

Location: Santa Monica, CA

CIK: 0001604350 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 14, 2020

Total Value: $306M (97.6% shares, 2.4% debt)

Holdings (29)

CF CF INDS HLDGS INC 31.5%

Value $96.36M Shares 3,542,767 Est. Cost $30.61 Unrealized +5.1%

ALLY ALLY FINL INC 16.2%

Value $49.64M Shares 3,439,859 Est. Cost $19.16 Unrealized +12.8%

VST VISTRA ENERGY CORP 14.4%

Value $43.85M Shares 2,747,749 Est. Cost $17.77 Unrealized 0.0%

— VEREIT INC 13.2%

Value $40.4M Shares 8,261,366 Est. Cost $7.69 Unrealized —

GASS STEALTHGAS INC 4.3%

Value $13M Shares 6,498,794 Est. Cost $4.94 Unrealized -43.6%

LQD ISHARES TR 3.4%

Value $10.5M Shares 85,000 Est. Cost $123.51 Unrealized —

FPH FIVE POINT HOLDINGS LLC 3.4%

Value $10.37M Shares 2,044,964 Est. Cost $15.19 Unrealized -52.2%

DAN DANA INCORPORATED 2.9%

Value $8.978M Shares 1,149,558 Est. Cost $13.60 Unrealized -11.2%

BHC BAUSCH HEALTH COS INC 2.7%

Value $8.101M Shares 522,645 Est. Cost $23.77 Unrealized +1.5%

— ENSCO JERSEY FIN LTD 2.4%

Value $7.28M Shares 28,000,000 Est. Cost $0.68 Unrealized —

PCG PG&E CORP 0.9%

Value $2.865M Shares 318,700 Est. Cost $25.74 Unrealized -49.0%

— NEXTIER OILFIELD SOLUTIONS I 0.9%

Value $2.838M Shares 2,425,751 Est. Cost $6.70 Unrealized —

— CURO GROUP HLDGS CORP 0.9%

Value $2.671M Shares 503,984 Est. Cost $15.11 Unrealized —

— CVR PARTNERS LP 0.8%

Value $2.432M Shares 2,361,308 Est. Cost $3.55 Unrealized —

LUV SOUTHWEST AIRLS CO 0.6%

Value $1.978M Shares 55,558 Est. Cost $46.28 Unrealized -0.6%

— APTIV PLC 0.4%

Value $1.303M Shares 26,468 Est. Cost $84.82 Unrealized —

AAL AMERICAN AIRLS GROUP INC 0.3%

Value $944K Shares 77,473 Est. Cost $40.63 Unrealized -44.0%

— CHEWY INC 0.2%

Value $671K Shares 100,000 Est. Cost — Unrealized —

BTU PEABODY ENERGY CORP NEW 0.1%

Value $294K Shares 101,248 Est. Cost $21.64 Unrealized -71.6%

UAL UNITED AIRLS HLDGS INC 0.1%

Value $289K Shares 9,158 Est. Cost $56.30 Unrealized +17.5%

YPF YPF SOCIEDAD ANONIMA 0.1%

Value $218K Shares 52,250 Est. Cost $26.47 Unrealized —

— ATLANTICA YIELD PLC 0.1%

Value $181K Shares 8,122 Est. Cost $18.73 Unrealized —

AMPY AMPLIFY ENERGY CORP NEW 0.0%

Value $104K Shares 183,404 Est. Cost $4.74 Unrealized -17.1%

— OI S A 0.0%

Value $97,000 Shares 220,670 Est. Cost $2.65 Unrealized —

— CHESAPEAKE ENERGY CORP 0.0%

Value $90,000 Shares 2,000,000 Est. Cost $0.91 Unrealized —

— FTS INTERNATIONAL INC 0.0%

Value $67,000 Shares 300,000 Est. Cost $18.39 Unrealized —

DAL DELTA AIR LINES INC DEL 0.0%

Value $7,000 Shares 261 Est. Cost $43.41 Unrealized +10.6%

INSW INTERNATIONAL SEAWAYS INC 0.0%

Value $4,000 Shares 158 Est. Cost $8.64 Unrealized +64.3%

— WHITING PETE CORP NEW 0.0%

Value $4,000 Shares 6,456 Est. Cost $26.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CF	CF INDS HLDGS INC	3,542,767	$96.36M	31.5%	$30.61	+5.1%	COM	125269100
ALLY	ALLY FINL INC	3,439,859	$49.64M	16.2%	$19.16	+12.8%	COM	02005N100
VST	VISTRA ENERGY CORP	2,747,749	$43.85M	14.4%	$17.77	0.0%	COM	92840M102
—	VEREIT INC	8,261,366	$40.4M	13.2%	$7.69	—	COM	92339V100
GASS	STEALTHGAS INC	6,498,794	$13M	4.3%	$4.94	-43.6%	SHS	Y81669106
LQD	ISHARES TR	85,000	$10.5M	3.4%	$123.51	—	IBOXX INV CP ETF	464287242
FPH	FIVE POINT HOLDINGS LLC	2,044,964	$10.37M	3.4%	$15.19	-52.2%	COM CL A	33833Q106
DAN	DANA INCORPORATED	1,149,558	$8.978M	2.9%	$13.60	-11.2%	COM	235825205
BHC	BAUSCH HEALTH COS INC	522,645	$8.101M	2.7%	$23.77	+1.5%	COM	071734107
—	ENSCO JERSEY FIN LTD	28,000,000	$7.28M	2.4%	$0.68	—	NOTE 3.00% 1/3	29359WAB1
PCG	PG&E CORP	318,700	$2.865M	0.9%	$25.74	-49.0%	COM	69331C108
—	NEXTIER OILFIELD SOLUTIONS I	2,425,751	$2.838M	0.9%	$6.70	—	COM	65290C105
—	CURO GROUP HLDGS CORP	503,984	$2.671M	0.9%	$15.11	—	COM	23131L107
—	CVR PARTNERS LP	2,361,308	$2.432M	0.8%	$3.55	—	COM	126633106
LUV	SOUTHWEST AIRLS CO	55,558	$1.978M	0.6%	$46.28	-0.6%	COM	844741108
—	APTIV PLC	26,468	$1.303M	0.4%	$84.82	—	SHS	G6095L109
AAL	AMERICAN AIRLS GROUP INC	77,473	$944K	0.3%	$40.63	-44.0%	COM	02376R102
—	CHEWY INC	100,000	$671K	0.2%	—	—	Call	16679L909
BTU	PEABODY ENERGY CORP NEW	101,248	$294K	0.1%	$21.64	-71.6%	COM	704551100
UAL	UNITED AIRLS HLDGS INC	9,158	$289K	0.1%	$56.30	+17.5%	COM	910047109
YPF	YPF SOCIEDAD ANONIMA	52,250	$218K	0.1%	$26.47	—	SPON ADR CL D	984245100
—	ATLANTICA YIELD PLC	8,122	$181K	0.1%	$18.73	—	SHS	G0751N103
AMPY	AMPLIFY ENERGY CORP NEW	183,404	$104K	0.0%	$4.74	-17.1%	COM	03212B103
—	OI S A	220,670	$97,000	0.0%	$2.65	—	SPONSORED ADR NE	670851500
—	CHESAPEAKE ENERGY CORP	2,000,000	$90,000	0.0%	$0.91	—	NOTE 5.500% 9/1	165167CY1
—	FTS INTERNATIONAL INC	300,000	$67,000	0.0%	$18.39	—	COM	30283W104
DAL	DELTA AIR LINES INC DEL	261	$7,000	0.0%	$43.41	+10.6%	COM	247361702
INSW	INTERNATIONAL SEAWAYS INC	158	$4,000	0.0%	$8.64	+64.3%	COM	Y41053102
—	WHITING PETE CORP NEW	6,456	$4,000	0.0%	$26.49	—	COM	966387409