Oaktree Specialty Lending
OCSL
203 hedge funds and large institutions have $454M invested in Oaktree Specialty Lending in 2025 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 57 increasing their positions, 69 reducing their positions, and 25 closing their positions.
92% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 25
55% more call options, than puts
Call options by funds: $981K | Put options by funds: $634K
10% more funds holding
Funds holding: 185 → 203 (+18)
2.08% more ownership
Funds ownership: 38.43% → 40.51% (+2.1%)
3% more capital invested
Capital invested by funds: $442M → $454M (+$12.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
17% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$5.73M |
| 2 |
SSG
Summit Securities Group
New York
|
+$5.08M |
| 3 |
Two Sigma Investments
New York
|
+$4.7M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$4.32M |
| 5 |
PMG
Private Management Group
Irvine,
California
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$11.1M |
| 2 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$3.08M |
| 3 |
GA
GraniteShares Advisors
New York
|
-$2.63M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$2.33M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$1.94M |
OCSL Hedge Fund Activity: Q4 2025 in Review
203 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q4 2025, worth a combined $454M — up 2.9% from $442M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new OCSL positions and 25 closed out — a net gain of 23 holders — while 57 added to existing stakes and 69 trimmed.
The largest buyer was UBS Group, adding an estimated $5.73M. The largest seller was Invesco, cutting an estimated $11.1M.
- 203 institutional investors held Oaktree Specialty Lending (OCSL) as of Q4 2025, up from 185 in Q3 2025.
- Funds reported $454M of Oaktree Specialty Lending stock for Q4 2025, up 2.9% quarter-over-quarter.
- 48 funds opened new Oaktree Specialty Lending positions in Q4 2025 and 25 closed out, a net change of +23 holders.
- The largest Oaktree Specialty Lending buyer in Q4 2025 was UBS Group, an estimated $5.73M added.
- The largest Oaktree Specialty Lending seller in Q4 2025 was Invesco, an estimated $11.1M sold.
Based on aggregated 13F filings for Q4 2025.