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Oaktree Specialty Lending

185 hedge funds and large institutions have $442M invested in Oaktree Specialty Lending in 2025 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 67 increasing their positions, 59 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 59

0.88% more ownership

Funds ownership: 37.55%38.43% (+0.88%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

2% less capital invested

Capital invested by funds: $452M → $442M (-$10.3M)

4% less funds holding

Funds holding: 193185 (-8)

19% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 32

30% less call options, than puts

Call options by funds: $700K | Put options by funds: $999K

Holders
185
Holders Change
-8
Holders Change %
-4.15%
% of All Funds
2.43%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
26
Increased
67
Reduced
59
Closed
32
Calls
$700K
Puts
$999K
Net Calls
-$299K
Net Calls Change
+$3.57M
Name Holding Trade Value Shares
Change
Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$3M -$101K -7,305 -3%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$2.92M +$2.72M +197,703 +760%
Bank of America
28
Bank of America
North Carolina
$2.67M +$1.11M +80,636 +65%
GA
29
GraniteShares Advisors
New York
$2.63M +$244K +17,748 +10%
TCBWMS
30
Texas Capital Bank Wealth Management Services
Texas
$2.57M +$417K +30,290 +18%
Two Sigma Advisers
31
Two Sigma Advisers
New York
$2.4M -$1.08M -78,700 -30%
AL
32
Arnhold LLC
New York
$2.35M +$379K +27,500 +18%
Kovitz Investment Group Partners
33
Kovitz Investment Group Partners
Illinois
$2.33M +$147K +10,656 +6%
Loomis, Sayles & Company
34
Loomis, Sayles & Company
Massachusetts
$2.31M
GF
35
Gabelli Funds
New York
$2.28M -$157K -11,379 -6%
LPL Financial
36
LPL Financial
California
$2.22M +$283K +20,533 +14%
IAA
37
Independent Advisor Alliance
North Carolina
$2.14M -$255K -18,545 -10%
NW
38
Naviter Wealth
Arkansas
$2.1M -$206K -14,975 -9%
LSV Asset Management
39
LSV Asset Management
Illinois
$1.94M -$2.09M -151,637 -50%
DnB Asset Management
40
DnB Asset Management
Norway
$1.86M
CLA
41
Carnegie Lake Advisors
New Jersey
$1.72M -$22.3K -1,618 -1%
OPA
42
Old Port Advisors
Maine
$1.65M +$820K +59,536 +89%
CIM
43
Confluence Investment Management
Missouri
$1.61M -$193K -14,046 -10%
Lido Advisors
44
Lido Advisors
California
$1.51M +$129K +9,371 +9%
PGF
45
Plan Group Financial
Oklahoma
$1.49M +$304K +22,077 +24%
DA
46
Denali Advisors
California
$1.46M -$446K -32,373 -22%
TCM
47
TT Capital Management
California
$1.41M +$45.2K +3,284 +3%
AAM
48
Advisors Asset Management
Colorado
$1.35M -$9.68K -703 -0.7%
Mariner
49
Mariner
Kansas
$1.34M -$115K -8,352 -8%
Lazard Asset Management
50
Lazard Asset Management
New York
$1.33M +$122K +8,856 +10%

OCSL Hedge Fund Activity: Q3 2025 in Review

185 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q3 2025, worth a combined $442M — down 2.3% from $452M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of OCSL and 26 opened new positions — a net loss of 6 holders — while 59 trimmed existing stakes and 67 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $9.66M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $8.56M sold.

  • 185 institutional investors held Oaktree Specialty Lending (OCSL) as of Q3 2025, down from 193 in Q2 2025.
  • Funds reported $442M of Oaktree Specialty Lending stock for Q3 2025, down 2.3% quarter-over-quarter.
  • 26 funds opened new Oaktree Specialty Lending positions in Q3 2025 and 32 closed out, a net change of -6 holders.
  • The largest Oaktree Specialty Lending buyer in Q3 2025 was Rivernorth Capital Management, an estimated $9.66M added.
  • The largest Oaktree Specialty Lending seller in Q3 2025 was Balyasny Asset Management, an estimated $8.56M sold.

Based on aggregated 13F filings for Q3 2025.