Glendon Capital Management LP Long-Term Concentrated

Location: Santa Monica, CA

CIK: 0001604350 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 12, 2026

Total Value: $1.68B (99.9% shares, 0.1% debt)

Holdings (25)

— FRONTIER COMMUNICATIONS PARE 47.4%

Value $796M Shares 20,916,439 Est. Cost $25.34 Unrealized —

EXE EXPAND ENERGY CORPORATION 13.2%

Value $222M Shares 2,008,514 Est. Cost $36.02 Unrealized +207.2%

NRG NRG ENERGY INC 6.0%

Value $100M Shares 630,351 Est. Cost $49.21 Unrealized +235.9%

TLN TALEN ENERGY CORP 5.9%

Value $99.31M Shares 264,942 Est. Cost $138.87 Unrealized +179.9%

VST VISTRA CORP 5.7%

Value $95.36M Shares 591,059 Est. Cost $47.74 Unrealized +281.0%

ALLY ALLY FINL INC 5.6%

Value $94.35M Shares 2,083,219 Est. Cost $23.19 Unrealized +76.0%

DBD DIEBOLD NIXDORF INC 3.2%

Value $53.45M Shares 787,312 Est. Cost $25.01 Unrealized +149.8%

ACT ENACT HLDGS INC 3.1%

Value $51.48M Shares 1,298,718 Est. Cost $17.20 Unrealized +118.2%

GASS STEALTHGAS INC 2.0%

Value $33.27M Shares 4,739,902 Est. Cost $4.94 Unrealized +36.1%

AFRM AFFIRM HLDGS INC 1.8%

Value $31.04M Shares 417,100 Est. Cost $38.25 Unrealized +88.2%

WSBC WESBANCO INC 1.8%

Value $30.22M Shares 909,091 Est. Cost $30.62 Unrealized +5.6%

CHRD CHORD ENERGY CORPORATION 1.6%

Value $27.58M Shares 297,550 Est. Cost $100.33 Unrealized -8.3%

CNK CINEMARK HLDGS INC 0.7%

Value $12.06M Shares 519,125 Est. Cost $26.23 Unrealized 0.0%

BBT BEACON FINANCIAL CORP 0.6%

Value $10.05M Shares 381,184 Est. Cost $26.11 Unrealized -4.5%

NCMI NATIONAL CINEMEDIA INC 0.4%

Value $6.531M Shares 1,678,903 Est. Cost $3.96 Unrealized +4.5%

FPH FIVE POINT HOLDINGS LLC 0.4%

Value $6.474M Shares 1,158,162 Est. Cost $15.19 Unrealized -61.1%

NATL NCR ATLEOS CORPORATION 0.3%

Value $5.469M Shares 143,500 Est. Cost $34.72 Unrealized +8.0%

SVC SERVICE PPTYS TR 0.1%

Value $1.274M Shares 692,346 Est. Cost $9.96 Unrealized —

COOK TRAEGER INC 0.1%

Value $1.103M Shares 1,020,960 Est. Cost $3.09 Unrealized -68.5%

— AFFIRM HLDGS INC 0.1%

Value $1.031M Shares 1,074,000 Est. Cost $0.61 Unrealized —

EXEEL EXPAND ENERGY CORPORATION 0.1%

Value $930K Shares 9,329 Est. Cost $99.65 Unrealized —

SKIN THE BEAUTY HEALTH COMPANY 0.1%

Value $885K Shares 636,954 Est. Cost $10.17 Unrealized -85.8%

DEC DIVERSIFIED ENERGY CO 0.0%

Value $246K Shares 17,009 Est. Cost $13.84 Unrealized 0.0%

VAL VALARIS LTD 0.0%

Value $33,163 Shares 658 Est. Cost $25.06 Unrealized +114.1%

— EPR PPTYS 0.0%

Value $22,180 Shares 1,000 Est. Cost $25.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	FRONTIER COMMUNICATIONS PARE	20,916,439	$796M	47.4%	$25.34	—	COM	35909D109
EXE	EXPAND ENERGY CORPORATION	2,008,514	$222M	13.2%	$36.02	+207.2%	COM	165167735
NRG	NRG ENERGY INC	630,351	$100M	6.0%	$49.21	+235.9%	COM NEW	629377508
TLN	TALEN ENERGY CORP	264,942	$99.31M	5.9%	$138.87	+179.9%	COM	87422Q109
VST	VISTRA CORP	591,059	$95.36M	5.7%	$47.74	+281.0%	COM	92840M102
ALLY	ALLY FINL INC	2,083,219	$94.35M	5.6%	$23.19	+76.0%	COM	02005N100
DBD	DIEBOLD NIXDORF INC	787,312	$53.45M	3.2%	$25.01	+149.8%	COM SHS	253651202
ACT	ENACT HLDGS INC	1,298,718	$51.48M	3.1%	$17.20	+118.2%	COM	29249E109
GASS	STEALTHGAS INC	4,739,902	$33.27M	2.0%	$4.94	+36.1%	SHS	Y81669106
AFRM	AFFIRM HLDGS INC	417,100	$31.04M	1.8%	$38.25	+88.2%	COM CL A	00827B106
WSBC	WESBANCO INC	909,091	$30.22M	1.8%	$30.62	+5.6%	COM	950810101
CHRD	CHORD ENERGY CORPORATION	297,550	$27.58M	1.6%	$100.33	-8.3%	COM NEW	674215207
CNK	CINEMARK HLDGS INC	519,125	$12.06M	0.7%	$26.23	0.0%	COM	17243V102
BBT	BEACON FINANCIAL CORP	381,184	$10.05M	0.6%	$26.11	-4.5%	COM	084680107
NCMI	NATIONAL CINEMEDIA INC	1,678,903	$6.531M	0.4%	$3.96	+4.5%	COM NEW	635309206
FPH	FIVE POINT HOLDINGS LLC	1,158,162	$6.474M	0.4%	$15.19	-61.1%	COM CL A	33833Q106
NATL	NCR ATLEOS CORPORATION	143,500	$5.469M	0.3%	$34.72	+8.0%	COM SHS	63001N106
SVC	SERVICE PPTYS TR	692,346	$1.274M	0.1%	$9.96	—	COM SH BEN INT	81761L102
COOK	TRAEGER INC	1,020,960	$1.103M	0.1%	$3.09	-68.5%	COMMON STOCK	89269P103
—	AFFIRM HLDGS INC	1,074,000	$1.031M	0.1%	$0.61	—	NOTE 11/1	00827BAB2
EXEEL	EXPAND ENERGY CORPORATION	9,329	$930K	0.1%	$99.65	—	W EXP 02/09/202	165167180
SKIN	THE BEAUTY HEALTH COMPANY	636,954	$885K	0.1%	$10.17	-85.8%	COM CL A	88331L108
DEC	DIVERSIFIED ENERGY CO	17,009	$246K	0.0%	$13.84	0.0%	COMMON STOCK	25520W107
VAL	VALARIS LTD	658	$33,163	0.0%	$25.06	+114.1%	CL A	G9460G101
—	EPR PPTYS	1,000	$22,180	0.0%	$25.58	—	PFD C CV 5.75%	26884U208