Oaktree Specialty Lending
OCSL
188 hedge funds and large institutions have $484M invested in Oaktree Specialty Lending in 2025 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 78 increasing their positions, 52 reducing their positions, and 32 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 52
2% more capital invested
Capital invested by funds: $476M → $484M (+$7.95M)
1.47% less ownership
Funds ownership: 37.89% → 36.42% (-1.5%)
5% less funds holding
Funds holding: 197 → 188 (-9)
16% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 32
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
72% less call options, than puts
Call options by funds: $1.45M | Put options by funds: $5.15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.8M |
| 2 |
GAM
Generali Asset Management
Trieste,
Italy
|
+$8.56M |
| 3 |
Rockefeller Capital Management
New York
|
+$5.25M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.21M |
| 5 |
CastleKeep Investment Advisors
Westport,
Connecticut
|
+$4.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$23.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$16.1M |
| 3 |
Millennium Management
New York
|
-$5.76M |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$4.69M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$4.54M |
OCSL Hedge Fund Activity: Q1 2025 in Review
188 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q1 2025, worth a combined $484M — up 1.7% from $476M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of OCSL and 27 opened new positions — a net loss of 5 holders — while 52 trimmed existing stakes and 78 added.
The largest buyer was Morgan Stanley, adding an estimated $18.8M. The largest seller was Claret Asset Management, exiting entirely with an estimated $23.5M sold.
- 188 institutional investors held Oaktree Specialty Lending (OCSL) as of Q1 2025, down from 197 in Q4 2024.
- Funds reported $484M of Oaktree Specialty Lending stock for Q1 2025, up 1.7% quarter-over-quarter.
- 27 funds opened new Oaktree Specialty Lending positions in Q1 2025 and 32 closed out, a net change of -5 holders.
- The largest Oaktree Specialty Lending buyer in Q1 2025 was Morgan Stanley, an estimated $18.8M added.
- The largest Oaktree Specialty Lending seller in Q1 2025 was Claret Asset Management, an estimated $23.5M sold.
Based on aggregated 13F filings for Q1 2025.