whalepapers
Overview/ Oaktree Capital Management LP/ Q1 2014

Oaktree Capital Management LP

Howard Marks & Bruce Karsh · As of Q1 2014 · filed May 13, 2014

Q1 2014

Holdings

156 positions · Δ vs prior quarter
EXCO RESOURCES INC
$253.0M
4.8%
45,173,682 +8,394,736 +22.8% Added
DOORUSD MASONITE INTERNATIONAL CORP
$231.0M
4.4%
4,086,372 −391,465 −8.7% Reduced
FBP FIRST BANCORP PUERTO RICO
$227.6M
4.3%
41,843,581 Held
DYNEGY INC
$205.7M
3.9%
8,245,986 Held
ALLIANCE HEALTHCARE SERVICES
$159.5M
3.0%
4,756,490 Held
DIAMOND FOODS INC
$154.4M
2.9%
4,420,859 +4,420,859 New
GMED 2.75 07/01/17 PRN NUVASIVE INC
$99.0M
1.9%
82,525,000 +10,405,000 +14.4% Added
MU 3 11/15/43 G PRN MICRON TECHNOLOGY INC
$97.8M
1.8%
89,500,000 +89,500,000 New
SGY 1.75 03/01/17 PRN STONE ENERGY CORP
$97.6M
1.8%
79,800,000 +10,600,000 +15.3% Added
MTG MGIC INVESTMENT CORP
$97.1M
1.8%
11,400,000 −600,000 −5.0% Reduced
TSLA 1.25 03/01/21 PRN TESLA INC
$93.5M
1.8%
102,845,000 +102,845,000 New
ON 2.625 12/15/26 B PRN ON SEMICONDUCTOR CORP
$92.9M
1.8%
75,954,000 +10,509,000 +16.1% Added
BKD 2.75 06/15/18 PRN BROOKDALE SENIOR LIVING
$87.9M
1.7%
64,475,000 −1,500,000 −2.3% Reduced
OCR 3.5 02/15/44 PRN OMNICARE INC
$85.5M
1.6%
83,800,000 −1,950,000 −2.3% Reduced
HOSS 1.5 09/01/19 PRN HORNBECK OFFSHORE SERV
$82.8M
1.6%
72,620,000 −460,000 −0.6% Reduced
STAR BULK CARRIERS CORP
$82.4M
1.6%
5,773,907 Held
SURGICAL CARE AFFILIATES INC
$71.6M
1.4%
2,328,027 Held
LRCX 0.5 05/15/16 PRN LAM RESEARCH CORP
$70.6M
1.3%
60,700,000 −1,000,000 −1.6% Reduced
CIEI 2.625 12/01/19 PRN COBALT INTL ENERGY INC
$70.6M
1.3%
74,760,000 +1,385,000 +1.9% Added
BMRN 1.5 10/15/20 PRN BIOMARIN PHARMACEUTICAL
$70.4M
1.3%
63,045,000 +25,545,000 +68.1% Added
WMGI 2 08/15/17 PRN WRIGHT MEDICAL GROUP INC
$69.0M
1.3%
51,082,000 −4,530,000 −8.1% Reduced
VER 3.75 12/15/20 PRN VEREIT INC
$67.2M
1.3%
61,460,000 +61,460,000 New
CIEN 0.875 06/15/17 PRN CIENA CORP
$66.3M
1.3%
65,000,000 −500,000 −0.8% Reduced
CKH 2.5 12/15/27 PRN SEACOR HOLDINGS INC
$65.9M
1.2%
55,020,000 −1,250,000 −2.2% Reduced
ALR 3 PERP B ALERE INC
$61.7M
1.2%
212,800 Held
MCF1EUR CONTANGO OIL & GAS
$61.5M
1.2%
1,287,732 −2 −0.0% Reduced
CROWN CASTLE INTL CORP
$59.2M
1.1%
585,000 +130,000 +28.6% Added
FCE 4.25 08/15/18 PRN FOREST CITY REALTY TRUST
$58.4M
1.1%
51,821,000 −5,350,000 −9.4% Reduced
TSM TAIWAN SEMICONDUCTOR-SP ADR
$54.8M
1.0%
2,736,084 +575,744 +26.7% Added
PBR PETROLEO BRASILEIRO-SPON ADR
$52.4M
1.0%
3,981,791 +857,614 +27.5% Added
INTC 2.95 12/15/35 PRN INTEL CORP
$46.9M
0.9%
39,725,000 Held
AIG AMERICAN INTERNATIONAL GROUP
$46.5M
0.9%
929,100 Held
PULSE ELECTRONICS CORP
$46.2M
0.9%
11,999,585 +8,154,927 +212.1% Added
GWR 5 10/01/15 GENESEE & WYOMING INC
$45.7M
0.9%
352,500 −20,000 −5.4% Reduced
HLX 3.25 03/15/32 PRN HELIX ENERGY SOLUTIONS
$45.5M
0.9%
36,892,000 Held
TTMI 1.75 12/15/20 PRN TTM TECHNOLOGIES INC
$45.1M
0.9%
40,750,000 +40,750,000 New
BPZR 8.5 10/01/17 PRN BPZ RESOURCES INC
$43.2M
0.8%
37,500,000 −500,000 −1.3% Reduced
WEB 1 08/15/18 PRN WEB.COM GROUP INC
$42.4M
0.8%
36,000,000 +500,000 +1.4% Added
NRG NRG ENERGY INC
$42.1M
0.8%
1,325,000 Held
VALE SA-SP PREF ADR
$41.7M
0.8%
3,351,672 +693,829 +26.1% Added
MENT 4 04/01/31 PRN MENTOR GRAPHICS CORP
$41.4M
0.8%
33,056,000 −1,500,000 −4.3% Reduced
TTWO 1 07/01/18 PRN TAKE-TWO INTERACTIVE SOF
$41.1M
0.8%
33,380,000 +880,000 +2.7% Added
VSH VISHAY INTERTECHNOLOGY INC
$40.9M
0.8%
2,750,000 Held
HWM 1.625 10/15/19 PRN ARCONIC INC
$40.8M
0.8%
41,450,000 Held
INTC 3.25 08/01/39 PRN INTEL CORP
$37.9M
0.7%
27,000,000 −4,000,000 −12.9% Reduced
TTMCHF TATA MOTORS LTD-SPON ADR
$37.0M
0.7%
1,044,361 +103,670 +11.0% Added
SUMIAL 3.875 12/01/18 PRN AIR LEASE CORP
$34.9M
0.7%
23,023,000 −24,077,000 −51.1% Reduced
LEVEL 3 COMMUNICATIONS INC
$33.1M
0.6%
846,859 −717,241 −45.9% Reduced
DBRG 5 04/15/23 PRN DIGITALBRIDGE GROUP INC
$33.1M
0.6%
31,020,000 −500,000 −1.6% Reduced
TTWO 1.75 12/01/16 PRN TAKE-TWO INTERACTIVE SOF
$32.8M
0.6%
24,828,000 −1,000,000 −3.9% Reduced
HTWR 3.5 12/15/17 PRN HEARTWARE INTERNATIONAL
$31.8M
0.6%
26,166,000 −250,000 −0.9% Reduced
HQCL 3.5 01/15/18 PRN HANWHA Q CELLS CO LTD
$31.8M
0.6%
34,146,000 −3,000,000 −8.1% Reduced
RTI 3 12/01/15 PRN RTI INTERNATIONAL METALS
$31.6M
0.6%
29,475,000 −1,500,000 −4.8% Reduced
ALR 3 05/15/16 PRN ALERE INC
$31.2M
0.6%
27,980,000 +3,600,000 +14.8% Added
VER 3 08/01/18 PRN VEREIT INC
$30.6M
0.6%
28,700,000 +16,700,000 +139.2% Added
PLAB 3.25 04/01/16 PRN PHOTRONICS INC
$30.0M
0.6%
27,217,000 −2,915,000 −9.7% Reduced
STWD 4 01/15/19 PRN STARWOOD PROPERTY TRUST
$29.1M
0.5%
25,500,000 −4,500,000 −15.0% Reduced
CX CEMEX SAB-SPONS ADR PART CER
$29.1M
0.5%
2,304,945 +553,282 +31.6% Added
CEMEX 4.875 03/15/15 PRN CEMEX SAB DE CV
$28.9M
0.5%
23,495,000 −40,082,000 −63.0% Reduced
TV GRUPO TELEVISA SA-SPON ADR
$27.4M
0.5%
823,510 +200,151 +32.1% Added
ANR 3.75 12/15/17 PRN ALPHA NATURAL RESOURCES
$26.9M
0.5%
31,500,000 +3,500,000 +12.5% Added
GTY GETTY REALTY CORP
$26.9M
0.5%
1,422,221 Held
BMRN 0.75 10/15/18 PRN BIOMARIN PHARMACEUTICAL
$26.7M
0.5%
24,250,000 +5,750,000 +31.1% Added
VGR V2.5 01/15/19 PRN VECTOR GROUP LTD
$24.9M
0.5%
18,185,000 Held
CIA BRASILEIRA DE DIS-SP PRF
$24.8M
0.5%
567,156 +110,743 +24.3% Added
CHARTER COMMUNICATION-A
$24.6M
0.5%
200,000 −529,683 −72.6% Reduced
TRINA SOLAR LTD-SPON ADR
$24.2M
0.5%
1,797,124 +645,796 +56.1% Added
EPAY 1.5 12/01/17 PRN BOTTOMLINE TECHNOLOGIES
$23.3M
0.4%
17,780,000 −200,000 −1.1% Reduced
ETRA E*TRADE FINANCIAL CORP
$23.0M
0.4%
1,000,000 −861,400 −46.3% Reduced
VIV1USD TELEFONICA BRASIL-ADR PREF
$22.8M
0.4%
1,073,210 +205,452 +23.7% Added
LAB 2.75 02/01/34 PRN STANDARD BIOTOOLS INC
$21.9M
0.4%
19,348,000 +19,348,000 New
WBMD 2.5 01/31/18 PRN WEBMD HEALTH CORP
$21.7M
0.4%
21,500,000 +18,500,000 +616.7% Added
TWGP 5 09/15/14 PRN TOWER GROUP INTL LTD
$21.7M
0.4%
22,830,000 −21,000,000 −47.9% Reduced
AU3EUR ANGLOGOLD ASHANTI-SPON ADR
$21.1M
0.4%
1,235,044 +998,044 +421.1% Added
WFC 7.5 PERP L WELLS FARGO & COMPANY
$21.1M
0.4%
18,000 +5,560 +44.7% Added
APOLLO GLOBAL MANAGEMENT - A
$21.0M
0.4%
660,000 +160,000 +32.0% Added
STWD 4.55 03/01/18 PRN STARWOOD PROPERTY TRUST
$20.9M
0.4%
18,250,000 −250,000 −1.4% Reduced
BKCC 5.5 02/15/18 PRN BLACKROCK CAPITAL INVEST
$20.7M
0.4%
19,946,000 +19,946,000 New
ABEV AMBEV SA-ADR
$19.6M
0.4%
2,650,005 +644,240 +32.1% Added
BAC 7.25 PERP L BANK OF AMERICA CORP
$19.2M
0.4%
16,800 +1,000 +6.3% Added
NTAP NETAPP INC
$18.1M
0.3%
490,000 +120,000 +32.4% Added
MCDERMOTT INTL INC
$17.5M
0.3%
2,240,599 +750,000 +50.3% Added
SSLTIN 4 10/30/14 PRN STERLITE INDUSTRIES LTD
$17.4M
0.3%
17,291,000 −500,000 −2.8% Reduced
ACR 6 12/01/18 PRN EXANTAS CAPITAL CORP
$17.2M
0.3%
17,117,000 +4,350,000 +34.1% Added
EXE 2.25 12/15/38 PRN CHESAPEAKE ENERGY CORP
$16.7M
0.3%
17,747,000 Held
EMC CORP/MA
$16.7M
0.3%
610,000 Held
HOLX 0 12/15/43 PRN HOLOGIC INC
$15.9M
0.3%
15,000,000 +186,000 +1.3% Added
HOLX 0 03/01/42 2012 PRN HOLOGIC INC
$15.4M
0.3%
15,075,000 Held
MTNA 6 01/15/16 PRN ARCELORMITTAL
$15.1M
0.3%
630,000 Held
WNC 3.375 05/01/18 PRN WABASH NATIONAL CORP
$15.1M
0.3%
10,730,000 −10,250,000 −48.9% Reduced
DRYS 5 12/01/14 PRN DRYSHIPS INC
$15.0M
0.3%
15,021,000 −7,000,000 −31.8% Reduced
AUQCN 3.5 10/01/16 PRN AURICO GOLD INC
$14.8M
0.3%
14,267,000 +14,267,000 New
MBTGBP MOBILE TELESYSTEMS-SP ADR
$14.3M
0.3%
819,448 +199,727 +32.2% Added
MHGC 2.375 10/15/14 PRN MORGANS HOTEL GROUP CO
$14.1M
0.3%
14,410,000 +733,000 +5.4% Added
ACRE 7 12/15/15 PRN ARES COMMERCIAL REAL EST
$13.6M
0.3%
13,250,000 +13,250,000 New
MODV 6.5 05/15/14 PRN PROVIDENCE SERVICE CORP
$13.4M
0.3%
13,240,000 +2,858,000 +27.5% Added
CEMEX 3.25 03/15/16 PRN CEMEX SAB DE CV
$13.1M
0.2%
9,500,000 −1,500,000 −13.6% Reduced
BGCP 4.5 07/15/16 PRN BGC PARTNERS INC
$12.9M
0.2%
12,145,000 −1,700,000 −12.3% Reduced
MTOR 0 02/15/27 PRN MERITOR INC
$12.6M
0.2%
12,000,000 −3,868,000 −24.4% Reduced
DHCP 4.5 11/01/19 PRN DITECH HOLDING CORP
$12.6M
0.2%
13,284,000 −11,971,000 −47.4% Reduced
FLG 6 11/01/51 FLAGSTAR BANK NA
$12.1M
0.2%
247,341 −75,000 −23.3% Reduced
HMHCUSD HOUGHTON MIFFLIN HARCOURT CO
$11.4M
0.2%
559,024 Held
ICON 2.5 06/01/16 PRN ICONIX BRAND GROUP INC
$11.2M
0.2%
8,255,000 −7,050,000 −46.1% Reduced
NUAN 2.75 11/01/31 PRN NUANCE COMMUNICATIONS
$11.1M
0.2%
11,000,000 −3,000,000 −21.4% Reduced
AVHI 7.5 02/15/16 PRN AV HOMES INC
$10.8M
0.2%
10,014,000 Held
HW 8.75 02/01/16 PRN HEADWATERS INC
$10.4M
0.2%
9,346,000 +1,500,000 +19.1% Added
COMMONWEALTH REIT
$10.3M
0.2%
410,000 −178,084 −30.3% Reduced
GSCCN 5 06/01/17 PRN GOLDEN STAR RESOURCES
$10.3M
0.2%
13,750,000 +8,250,000 +150.0% Added
CQB 4.25 08/15/16 PRN CHIQUITA BRANDS INTL
$10.3M
0.2%
10,000,000 −5,000,000 −33.3% Reduced
XXIA 3 12/15/15 PRN IXIA
$9.9M
0.2%
9,410,000 +9,410,000 New
RASF 4 10/01/33 PRN RAIT FINANCIAL TRUST
$9.9M
0.2%
10,000,000 +10,000,000 New
TITN 3.75 05/01/19 PRN TITAN MACHINERY INC
$9.8M
0.2%
11,397,000 +500,000 +4.6% Added
ALBANY MOLECULAR RESEARCH INC PRN
$9.8M
0.2%
7,305,000 +7,305,000 New
OCN2EUR OCWEN FINANCIAL CORP
$9.3M
0.2%
237,000 +237,000 New
ROGVX 2.5 09/15/18 PRN INTERMUNE INC
$9.2M
0.2%
7,165,000 +2,165,000 +43.3% Added
CAPITAL PRODUCT PARTNERS LP
$8.8M
0.2%
807,500 Held
EPR 5.75 PERP C EPR PROPERTIES
$8.6M
0.2%
400,321 −134,500 −25.1% Reduced
TTMI 3.25 05/15/15 PRN TTM TECHNOLOGIES
$8.3M
0.2%
8,049,000 +549,000 +7.3% Added
NLY 5 05/15/15 PRN ANNALY CAPITAL MGMT
$8.2M
0.2%
8,000,000 −12,157,000 −60.3% Reduced
HOLX 0 12/15/37 2010 PRN HOLOGIC INC
$8.2M
0.2%
7,179,000 −2,500,000 −25.8% Reduced
IOC 2.75 11/15/15 PRN INTEROIL CORP
$8.0M
0.2%
7,919,000 +2,019,000 +34.2% Added
AIR 2.25 03/01/16 B PRN AAR CORP
$7.8M
0.1%
7,500,000 −5,185,000 −40.9% Reduced
PSEC 5.5 08/15/16 PRN PROSPECT CAPITAL CORP
$7.7M
0.1%
7,288,000 −1,000,000 −12.1% Reduced
ARCC 4.75 01/15/18 PRN ARES CAPITAL CORP
$7.6M
0.1%
7,019,000 Held
DLLR 2.875 06/30/27 PRN DFC GLOBAL CORP
$7.5M
0.1%
7,880,000 Held
SQNM 5 10/01/17 PRN SEQUENOM INC
$7.5M
0.1%
8,240,000 +4,000,000 +94.3% Added
ARI 5.5 03/15/19 PRN APOLLO CMMRL REAL EST FI
$7.2M
0.1%
7,000,000 +7,000,000 New
ELGX 2.25 12/15/18 PRN ENDOLOGIX INC
$6.7M
0.1%
7,000,000 +7,000,000 New
PSEC 5.75 03/15/18 PRN PROSPECT CAPITAL CORP
$6.4M
0.1%
6,000,000 −1,304,000 −17.9% Reduced
YRCW 10 03/31/15 A PRN YRC WORLDWIDE INC
$6.3M
0.1%
5,930,266 −216,119 −3.5% Reduced
HEALTH CARE REIT INC
$6.3M
0.1%
112,874 −50,000 −30.7% Reduced
TEO TELECOM ARGENTINA SA-SP ADR
$6.2M
0.1%
324,973 +324,973 New
ARCC 4.875 03/15/17 PRN ARES CAPITAL CORP
$6.1M
0.1%
5,646,000 −500,000 −8.1% Reduced
MCP 6 09/01/17 PRN MOLYCORP INC
$5.8M
0.1%
7,300,000 +1,000,000 +15.9% Added
RWT 4.625 04/15/18 PRN REDWOOD TRUST INC
$5.6M
0.1%
5,260,000 +1,260,000 +31.5% Added
HMIN 2 12/15/15 PRN HOMEINNS HOTEL GROUP
$5.3M
0.1%
5,500,000 −7,500,000 −57.7% Reduced
PSEC 5.375 10/15/17 PRN PROSPECT CAPITAL CORP
$5.3M
0.1%
5,000,000 Held
LRCX 1.25 05/15/18 PRN LAM RESEARCH CORP
$4.9M
0.1%
3,930,000 −6,070,000 −60.7% Reduced
MTH 1.875 09/15/32 PRN MERITAGE HOMES CORP
$4.9M
0.1%
4,550,000 −24,100,000 −84.1% Reduced
DLLR 3.25 04/15/17 PRN DFC GLOBAL CORP
$4.3M
0.1%
5,000,000 −28,035,000 −84.9% Reduced
MCP 3.25 06/15/16 PRN MOLYCORP INC
$4.0M
0.1%
5,000,000 Held
WSP HOLDINGS LTD-ADR
$3.8M
0.1%
1,408,800 Held
OI SA-ADR
$3.5M
0.1%
2,623,000 +2,623,000 New
ASCMA 4 07/15/20 PRN ASCENT CAPITAL GROUP INC
$3.4M
0.1%
3,420,000 +3,420,000 New
BPZR 6.5 03/01/15 * PRN BPZ RESOURCES INC
$3.3M
0.1%
3,260,000 Held
T 4.5 07/15/14 PRN LEAP WIRELESS INTL INC
$3.3M
0.1%
3,269,000 −1,000,000 −23.4% Reduced
CVO 7 05/15/17 PRN CENVEO CORP
$3.3M
0.1%
3,174,000 +3,174,000 New
EPR 9 PERP E EPR PROPERTIES
$3.2M
0.1%
103,500 −4,000 −3.7% Reduced
CDVI 5 07/15/17 PRN CAL DIVE INTERNATIONAL
$3.1M
0.1%
3,185,000 +3,185,000 New
MFIC 5.75 01/15/16 PRN APOLLO INVESTMENT CORP
$2.9M
0.1%
2,750,000 +2,250,000 +450.0% Added
PARAGON SHIPPING INC-CLASS A
$2.7M
0.1%
400,000 +400,000 New
GDP 5 10/01/32 PRN GOODRICH PETROLEUM CORP
$2.6M
0.0%
2,505,000 −33,960,000 −93.1% Reduced
VIMPELCOM LTD-SPON ADR
$2.3M
0.0%
260,000 +260,000 New
MACK 4.5 07/15/20 PRN MERRIMACK PHARMACEUTI
$1.9M
0.0%
1,900,000 +1,900,000 New
IART 1.625 12/15/16 PRN INTEGRA LIFESCIENCES HLD
$1.1M
0.0%
1,000,000 −3,435,000 −77.5% Reduced
LXP 6.5 PERP C LXP INDUSTRIAL TRUST
$740K
0.0%
16,050 +16,050 New

Sold positions

32 closed in Q1 2014 · shares & value as of prior filing
Holding Shares sold Prior value
DELPHI AUTOMOTIVE PLC
2,125,000 $127.8M
MGM 4.25 04/15/15 PRN MGM RESORTS INTL
61,865,000 $84.5M
JAH 1.875 09/15/18 PRN JARDEN CORP
55,750,000 $78.8M
SLXP 1.5 03/15/19 PRN SALIX PHARMACEUTICALS LT
36,808,000 $54.6M
IWM PUT ISHARES RUSSELL 2000 ETF
430,000 $49.6M
TSLAEN 2.75 11/01/18 PRN TESLA ENERGY OPERATIONS
30,500,000 $36.4M
RTX 7.5 08/01/15 UNITED TECHNOLOGIES CORP
489,950 $32.1M
RPM 2.25 12/15/20 PRN RPM INTERNATIONAL INC
23,000,000 $25.5M
TCSUSD CONTAINER STORE GROUP INC/TH
557,565 $24.7M
TCSUSD PUT CONTAINER STORE GROUP INC/TH
557,000 $24.7M
BIDU BAIDU INC - SPON ADR
137,097 $24.4M
AMXN AMERICA MOVIL-SPN ADR CL L
1,018,304 $23.8M
GBX 3.5 04/01/18 PRN GREENBRIER COS INC
15,000,000 $17.8M
SNDK 1.5 08/15/17 PRN SANDISK CORP
11,430,000 $16.9M
TRAK 1.5 03/15/17 PRN DEALERTRACK TECHNOLOGIES
11,904,000 $16.5M
BVN CIA DE MINAS BUENAVENTUR-ADR
1,185,858 $13.3M
AKS 5 11/15/19 PRN AK STEEL CORP
7,500,000 $12.2M
MO ALTRIA GROUP INC
288,000 $11.1M
MTG 2 04/01/20 PRN MGIC INVESTMENT CORP
6,760,000 $9.4M
TKC TURKCELL ILETISIM HIZMET-ADR
696,116 $9.3M
X 2.75 04/01/19 PRN UNITED STATES STEEL CORP
6,740,000 $9.0M
END 5.5 07/15/16 PRN ENDEAVOUR INTERNATIONAL
10,100,000 $8.0M
MTNA 5 05/15/14 PRN ARCELORMITTAL
7,410,000 $7.6M
ORI 3.75 03/15/18 PRN OLD REPUBLIC INTL CORP
5,613,000 $7.0M
EXE 2.5 05/15/37 PRN CHESAPEAKE ENERGY CORP
6,000,000 $6.1M
JKS 4 05/15/16 144A PRN JINKOSOLAR HOLDING CO LT
5,750,000 $6.1M
BRS 3 06/15/38 PRN BRISTOW GROUP INC
4,045,000 $5.0M
ARAY 3.75 08/01/16 PRN ACCURAY INC
3,500,000 $3.9M
PLPC PREFORMED LINE PRODUCTS CO
53,691 $3.9M
X 4 05/15/14 PRN UNITED STATES STEEL CORP
3,500,000 $3.8M
MTG 5 05/01/17 PRN MGIC INVESTMENT CORP
2,000,000 $2.3M
JAKK 4.5 11/01/14 PRN JAKKS PACIFIC INC
1,150,000 $1.2M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.