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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
Cambridge Investment Research Advisors
101
Cambridge Investment Research Advisors
Iowa
$294K -$31.2K -2,269 -9%
TI
102
TrueMark Investments
Illinois
$280K +$296K +21,472 New
FWP
103
FAS Wealth Partners
Kansas
$264K
GIC
104
Generali Investments CEE
Czech Republic
$262K -$41K -2,974 -13%
RW
105
REDW Wealth
New Mexico
$261K
FRM
106
Fox Run Management
Connecticut
$258K +$273K +19,807 New
CPIG
107
Chicago Partners Investment Group
Illinois
$244K -$15.9K -1,156 -6%
JHCP
108
Jackson Hole Capital Partners
Oklahoma
$243K
Verition Fund Management
109
Verition Fund Management
Connecticut
$242K -$234K -16,997 -48%
SIMG
110
Sonora Investment Management Group
Arizona
$236K
ProShare Advisors
111
ProShare Advisors
Maryland
$234K +$46.9K +3,405 +23%
TCB
112
Texas Capital Bancshares
Texas
$234K +$247K +17,921 New
BL
113
BFSG LLC
California
$231K +$58.5K +4,251 +32%
CA
114
Clearstead Advisors
Ohio
$231K -$153K -11,084 -39%
PA
115
Parallel Advisors
California
$226K +$661 +48 +0.3%
KBC Group
116
KBC Group
Belgium
$225K -$9.97K -724 -4%
NP
117
Nilsine Partners
Colorado
$215K
AWA
118
Arete Wealth Advisors
Illinois
$205K +$72.1K +5,237 +50%
SCM
119
Sunbeam Capital Management
Georgia
$201K +$212K +15,400 New
Neuberger Berman Group
120
Neuberger Berman Group
New York
$199K -$34.4K -2,496 -14%
SIG
121
Stonegate Investment Group
Alabama
$198K +$11K +800 +6%
CWM
122
Cornerstone Wealth Management
Missouri
$193K +$8.95K +650 +5%
NA
123
NewEdge Advisors
Louisiana
$193K +$25K +1,815 +14%
MML Investors Services
124
MML Investors Services
Massachusetts
$170K -$247K -17,914 -58%
MC
125
Moors & Cabot
Massachusetts
$162K +$207 +15 +0.1%

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.