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GCM
Glendon Capital Management Portfolio holdings
AUM
$773M
1-Year Est. Return
8.9%
This Fund
S&P 500
This Quarter
Est. Return
+11.22%
1 Year Est. Return
+8.9%
3 Year Est. Return
+142.24%
5 Year Est. Return
+160.89%
10 Year Est. Return
+335.88%
AUM
$955M
AUM Growth
+$338M
(+55%)
Cap. Flow
+$234M
Cap. Flow
% of AUM
24.52%
Top 10 Holdings %
Top 10 Hldgs %
88.84%
Holding
34
New
7
Increased
4
Reduced
3
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$172M |
| 2 |
VER
VEREIT, Inc.
VER
|
+$31.8M |
| 3 |
NRG Energy
NRG
|
+$19.1M |
| 4 |
Vistra
VST
|
+$17.6M |
| 5 |
CF Industries
CF
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$15.5M |
| 2 |
FirstEnergy
FE
|
+$8.95M |
| 3 |
CURO
CURO Group Holdings Corp.
CURO
|
+$5.88M |
| 4 |
Realty Income
O
|
+$4.95M |
| 5 |
Bausch Health
BHC
|
+$1.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.97% |
| 2 | Real Estate | 19.24% |
| 3 | Materials | 17.97% |
| 4 | Utilities | 16.09% |
| 5 | Financials | 14.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXE
1
Expand Energy Corp
EXE
$22.7B
| $169M | 17.75% |
+3,904,752
| New | +$172M |
|
|
2
CF Industries
CF
$20.2B
| $162M | 16.97% |
3,569,477
+225,000
| +7% | +$10.2M |
|
|
VER
3
DELISTED
VEREIT, Inc.
VER
| $157M | 16.49% |
4,076,876
+849,924
| +26% | +$31.8M |
|
|
4
Ally Financial
ALLY
$13.3B
| $132M | 13.83% |
2,919,506
-369,893
| -11% | -$15.5M |
|
|
5
Vistra
VST
$50.1B
| $59.6M | 6.24% |
3,371,293
+885,000
| +36% | +$17.6M |
|
|
FTSI
6
DELISTED
FTS International, Inc. Common Stock
FTSI
| $43.6M | 4.56% |
1,760,675
| – | – |
|
|
7
NRG Energy
NRG
$25B
| $41.2M | 4.31% |
1,091,477
+479,215
| +78% | +$19.1M |
|
8
PG&E
PCG
$31.5B
| $31.7M | 3.32% |
2,705,045
-1
| -0% | -$12 |
|
|
WLL
9
DELISTED
Whiting Petroleum Corporation
WLL
| $25M | 2.62% |
704,995
| – | – |
|
10
Edison International
EIX
$21.8B
| $21.2M | 2.22% |
361,133
| – | – |
|
11
StealthGas
GASS
$350M
| $18.5M | 1.93% |
6,498,794
| – | – |
|
12
Five Point Holdings
FPH
$371M
| $15.5M | 1.62% |
2,044,964
| – | – |
|
|
13
Bausch Health
BHC
$2.45B
| $12.7M | 1.33% |
400,709
-53,801
| -12% | -$1.58M |
|
|
SAFE
14
Safehold
SAFE
$1.07B
| $10.7M | 1.12% |
+123,654
| New | +$9.92M |
|
15
CVR Partners
UAN
$1.38B
| $9.53M | 1% |
236,131
| – | – |
|
|
NEX
16
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $8.22M | 0.86% |
2,209,431
| – | – |
|
|
EXEEL
17
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $2.3M | 0.24% |
+137,142
| New | +$2.43M |
|
|
EXEEZ
18
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $2.27M | 0.24% |
+115,214
| New | +$2.3M |
|
19
Burford Capital
BUR
$955M
| $2M | 0.21% |
+300,939
| New | +$2.64M |
|
|
EXEEW
20
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
| $2M | 0.21% |
+103,692
| New | +$2.31M |
|
|
XOG
21
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $1.32M | 0.14% |
+36,800
| New | +$1.2M |
|
22
Amplify Energy
AMPY
$203M
| $358K | 0.04% |
128,750
| – | – |
|
23
International Seaways
INSW
$5.18B
| $3K | ﹤0.01% |
158
| – | – |
|
24
American Airlines Group
AAL
$8.69B
| – | – |
-1,060
| Closed | -$17K |
|
25
Delta Air Lines
DAL
$52.7B
| – | – |
-189
| Closed | -$8K |
|
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Glendon Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Glendon Capital Management held 34 positions worth $955M, up 55% from $616M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Glendon Capital Management deployed $234M of net new capital in Q1 2021, opening 7 new positions and adding to 4 existing holdings. Its largest new stake was Expand Energy Corp: 3,904,752 shares worth $169M.
By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 9.6% a quarter earlier, followed by Real Estate and Materials.
On the sell side, the largest reduction was Ally Financial, an estimated $15.5M trimmed.
- Glendon Capital Management's largest Q1 2021 buy was Expand Energy Corp: 3,904,752 shares worth $169M.
- Glendon Capital Management added most to VEREIT, Inc. in Q1 2021, an estimated $31.8M increase.
- Glendon Capital Management's biggest Q1 2021 reduction was Ally Financial, cutting an estimated $15.5M.
- Glendon Capital Management fully exited FirstEnergy in Q1 2021, selling an estimated $8.95M.
- Glendon Capital Management's ten largest holdings make up 89% of its $955M portfolio in Q1 2021.
- Glendon Capital Management opened 7 new positions and closed 10 in Q1 2021.
- Glendon Capital Management's portfolio value rose 55% quarter-over-quarter to $955M.
Based on Glendon Capital Management's 13F filing for Q1 2021, filed 17 May 2021.