Oaktree Specialty Lending
OCSL
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.
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: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $452M → $442M (-$10.3M)
4% less funds holding
Funds holding: 193 → 185 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.66M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$8.37M |
| 3 |
JVBC
J.V. Bruni & Co
Colorado Springs,
Colorado
|
+$3.78M |
| 4 |
Two Sigma Investments
New York
|
+$3.68M |
| 5 |
MW
Melia Wealth
Tulsa,
Oklahoma
|
+$3.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.56M |
| 2 |
Morgan Stanley
New York
|
-$6.2M |
| 3 |
Rockefeller Capital Management
New York
|
-$4.72M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$3.55M |
| 5 |
RWM
Rezny Wealth Management
Fort Myers,
Florida
|
-$2.57M |
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.