OAKTREE ACQUISITION CORP III

Ticker: OACC CUSIP: G6717R104 Class: SHS CL A

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (10)

Decagon Asset Management LLP

Value ($000) $7,148 (+5.6%) Shares 675,637 (+4.9%)

Radcliffe Capital Management, L.P.

Value ($000) $3,989 (+68.2%) Shares 377,065 (+67.1%)

Empyrean Capital Partners, LP

Value ($000) $9,522 (+20.8%) Shares 900,000 (+20.0%)

Rangeley Capital, LLC

Value ($000) $424 (+6.5%) Shares 40,032 (+5.8%)

Shaolin Capital Management LLC

Value ($000) $3,968 (+7.6%) Shares 375,000 (+6.9%)

Verition Fund Management LLC

Value ($000) $3,293 (+94.4%) Shares 309,740 (+91.5%)

DLD Asset Management, LP

Value ($000) $1,434 (+8.1%) Shares 135,535 (+7.4%)

Sculptor Capital LP

Value ($000) $5,613 (+6.8%) Shares 530,537 (+6.1%)

UBS Group AG

Value ($000) $1,063 (+2.5%) Shares 100,481 (+1.8%)

MORGAN STANLEY

Value ($000) $1 (+5090.9%) Shares 54 (+5300.0%)

Institution	Prev Shares	Curr Shares	Change
Decagon Asset Management LLP	644,321	675,637	+31,316 (+4.9%)
Radcliffe Capital Management, L.P.	225,662	377,065	+151,403 (+67.1%)
Empyrean Capital Partners, LP	750,000	900,000	+150,000 (+20.0%)
Rangeley Capital, LLC	37,827	40,032	+2,205 (+5.8%)
Shaolin Capital Management LLC	350,866	375,000	+24,134 (+6.9%)
Verition Fund Management LLC	161,740	309,740	+148,000 (+91.5%)
DLD Asset Management, LP	126,189	135,535	+9,346 (+7.4%)
Sculptor Capital LP	500,000	530,537	+30,537 (+6.1%)
UBS Group AG	98,721	100,481	+1,760 (+1.8%)
MORGAN STANLEY	1	54	+53 (+5300.0%)

Decreased Positions (12)

Periscope Capital Inc.

Value ($000) $3,422 (-18.6%) Shares 323,400 (-19.1%)

Boussard & Gavaudan Investment Management LLP

Value ($000) $7,654 (-3.0%) Shares 720,000 (-4.0%)

METEORA CAPITAL, LLC

Value ($000) $2,021 (-22.6%) Shares 190,978 (-23.1%)

MIZUHO SECURITIES USA LLC

Value ($000) $260 (-64.1%) Shares 25,000 (-64.3%)

TORONTO DOMINION BANK

Value ($000) $7,144 (-27.2%) Shares 675,197 (-27.7%)

DRIEHAUS CAPITAL MANAGEMENT LLC

Value ($000) $7,123 (-4.6%) Shares 670,072 (-6.0%)

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS

Value ($000) $2,645 (-8.5%) Shares 250,000 (-9.1%)

HighTower Advisors, LLC

Value ($000) $6,634 (-4.0%) Shares 627,029 (-4.7%)

JPMORGAN CHASE & CO

Value ($000) $530 (-32.3%) Shares 49,894 (-33.3%)

Schonfeld Strategic Advisors LLC

Value ($000) $1,219 (-7.2%) Shares 115,174 (-7.9%)

CITIGROUP INC

Value ($000) $478 (-10.2%) Shares 45,000 (-11.6%)

Clear Street Group Inc.

Value ($000) $222 (-3.9%) Shares 21,000 (-4.5%)

Institution	Prev Shares	Curr Shares	Change
Periscope Capital Inc.	400,000	323,400	-76,600 (-19.1%)
Boussard & Gavaudan Investment Management LLP	750,000	720,000	-30,000 (-4.0%)
METEORA CAPITAL, LLC	248,500	190,978	-57,522 (-23.1%)
MIZUHO SECURITIES USA LLC	70,000	25,000	-45,000 (-64.3%)
TORONTO DOMINION BANK	934,000	675,197	-258,803 (-27.7%)
DRIEHAUS CAPITAL MANAGEMENT LLC	712,924	670,072	-42,852 (-6.0%)
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	275,170	250,000	-25,170 (-9.1%)
HighTower Advisors, LLC	657,628	627,029	-30,599 (-4.7%)
JPMORGAN CHASE & CO	74,817	49,894	-24,923 (-33.3%)
Schonfeld Strategic Advisors LLC	125,000	115,174	-9,826 (-7.9%)
CITIGROUP INC	50,900	45,000	-5,900 (-11.6%)
Clear Street Group Inc.	22,000	21,000	-1,000 (-4.5%)