# EDGAR Filing Document

**Accession Number:** 0000949509
**File Stem:** 0000949509-26-000002
**Filing Date:** 2026-5
**Character Count:** 20413
**Document Hash:** f9bc6a3e5387bfce4811543297dac112
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000949509-26-000002.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000949509-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OAKTREE CAPITAL MANAGEMENT LP
- **CENTRAL INDEX KEY:** 0000949509

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05050
- **FILM NUMBER:** 26981083

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVENUE 28TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2138306300

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE 28TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OAKTREE CAPITAL MANAGEMENT LLC
- **DATE OF NAME CHANGE:** 20010605

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** OAKTREE CAPITAL MANAGEMENT LP<br>**Address:** 333 S GRAND AVE 28TH FL<br>LOS ANGELES, CA 90071

**Form 13F File Number:** 028-05050

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andy Hottovy<br>**Title:** Managing Director<br>**Phone:** 213-830-6315

**Signature, Place, and Date of Signing:**

Andy Hottovy  Los Angeles, CA  05-14-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 142

**Form 13F Information Table Value Total:** $6284997721

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                           | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Russell Investments Group Ltd. | 028-17598              |  |  |
|     2 | Hartree Partners LP            | 028-17875              |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| RICE ACQUISITION CORP 3 | WARRANT | G7553X114 |  | 319999 | 399999 | SH |  | DFND | 12 | 399999 | 0 | 0 |
| BIOXCEL THERAPEUTICS INC | COMMON STOCK | 09075P204 |  | 323193 | 241188 | SH |  | DFND | 12 | 241188 | 0 | 0 |
| ALVOTECH SA | COMMON STOCK | L01800108 |  | 336078 | 97982 | SH |  | DFND | 12 | 97982 | 0 | 0 |
| PDD HOLDINGS INC | COMMON STOCK | 722304102 |  | 492814 | 4823 | SH |  | DFND | 12 | 4823 | 0 | 0 |
| IMMUNOCORE HOLDINGS PLC | CONVERTIBLE BOND | 45258DAB1 |  | 751261 | 833000 | PRN |  | DFND | 12 | 833000 | 0 | 0 |
| HAEMONETICS CORP | CONVERTIBLE BOND | 405024AD2 |  | 800841 | 837000 | PRN |  | DFND | 12 | 837000 | 0 | 0 |
| ALARM.COM HOLDINGS INC | CONVERTIBLE BOND | 011642AD7 |  | 930510 | 1008000 | PRN |  | DFND | 12 | 1008000 | 0 | 0 |
| ALVOTECH SA | WARRANT | L01800116 |  | 1332056 | 4669508 | SH |  | DFND | 12 | 4669508 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | CONVERTIBLE BOND | 76954AAD5 |  | 1248260 | 1300000 | PRN |  | DFND | 12 | 1300000 | 0 | 0 |
| CELCUITY INC | CONVERTIBLE BOND | 15102KAA8 |  | 1462800 | 600000 | PRN |  | DFND | 12 | 600000 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | CONVERTIBLE BOND | 450056AB2 |  | 1479600 | 1350000 | PRN |  | DFND | 12 | 1350000 | 0 | 0 |
| RAPID7 INC | CONVERTIBLE BOND | 753422AF1 |  | 1574592 | 1668000 | PRN |  | DFND | 12 | 1668000 | 0 | 0 |
| FLUOR CORP | CONVERTIBLE BOND | 343412AJ1 |  | 1693527 | 1371000 | PRN |  | DFND | 12 | 1371000 | 0 | 0 |
| GLADSTONE CAPITAL CORP | CONVERTIBLE BOND | 376535AG5 |  | 1782260 | 1898000 | PRN |  | DFND | 12 | 1898000 | 0 | 0 |
| NEXTERA ENERGY INC | CONVERTIBLE BOND | 65339KCY4 |  | 1794265 | 1292000 | PRN |  | DFND | 12 | 1292000 | 0 | 0 |
| MERITAGE HOMES CORP | CONVERTIBLE BOND | 59001ABF8 |  | 1839200 | 1900000 | PRN |  | DFND | 12 | 1900000 | 0 | 0 |
| SNOWFLAKE INC | CONVERTIBLE BOND | 833445AB5 |  | 1892800 | 1600000 | PRN |  | DFND | 12 | 1600000 | 0 | 0 |
| LIVE NATION ENTERTAINMENT INC | CONVERTIBLE BOND | 538034BC2 |  | 1958040 | 1813000 | PRN |  | DFND | 12 | 1813000 | 0 | 0 |
| PARSONS CORP | CONVERTIBLE BOND | 70202LAD4 |  | 2032190 | 2060000 | PRN |  | DFND | 12 | 2060000 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | CONVERTIBLE BOND | 472145AH4 |  | 2072428 | 1461000 | PRN |  | DFND | 12 | 1461000 | 0 | 0 |
| POST HOLDINGS INC | CONVERTIBLE BOND | 737446AT1 |  | 2114775 | 1950000 | PRN |  | DFND | 12 | 1950000 | 0 | 0 |
| STRATEGY INC | CONVERTIBLE BOND | 594972AL5 |  | 2119150 | 2200000 | PRN |  | DFND | 12 | 2200000 | 0 | 0 |
| CHEESECAKE FACTORY INC/THE | CONVERTIBLE BOND | 163072AA9 |  | 2146380 | 2173000 | PRN |  | DFND | 12 | 2173000 | 0 | 0 |
| COINBASE GLOBAL INC | CONVERTIBLE BOND | 19260QAF4 |  | 2199111 | 2364000 | PRN |  | DFND | 12 | 2364000 | 0 | 0 |
| NORTHERN OIL  GAS INC | CONVERTIBLE BOND | 665531AJ8 |  | 2200687 | 2000000 | PRN |  | DFND | 12 | 2000000 | 0 | 0 |
| UBER TECHNOLOGIES INC | CONVERTIBLE BOND | 90353TAM2 |  | 2408500 | 2000000 | PRN |  | DFND | 12 | 2000000 | 0 | 0 |
| HDFC BANK LTD | COMMON STOCK | 40415F101 |  | 2842813 | 114261 | SH |  | DFND | 12 | 114261 | 0 | 0 |
| DIGITALOCEAN HOLDINGS INC | CONVERTIBLE BOND | 25402DAB8 |  | 2918583 | 2985000 | PRN |  | DFND | 12 | 2985000 | 0 | 0 |
| JBT MAREL CORP | CONVERTIBLE BOND | 477839AB0 |  | 2921877 | 2927000 | PRN |  | DFND | 12 | 2927000 | 0 | 0 |
| BILL HOLDINGS INC | CONVERTIBLE BOND | 090043AD2 |  | 3198555 | 3306000 | PRN |  | DFND | 12 | 3306000 | 0 | 0 |
| ZIFF DAVIS INC | CONVERTIBLE BOND | 48123VAH5 |  | 3439190 | 3496000 | PRN |  | DFND | 12 | 3496000 | 0 | 0 |
| SNAP INC | CONVERTIBLE BOND | 83304AAB2 |  | 3679845 | 3767000 | PRN |  | DFND | 12 | 3767000 | 0 | 0 |
| BANDWIDTH INC | CONVERTIBLE BOND | 05988JAD5 |  | 3729465 | 4167000 | PRN |  | DFND | 12 | 4167000 | 0 | 0 |
| SOUTHERN CO/THE | CONVERTIBLE BOND | 842587DZ7 |  | 3733127 | 3357000 | PRN |  | DFND | 12 | 3357000 | 0 | 0 |
| INVESCO SENIOR INCOME TRUST | ETF | 46138G508 |  | 4082408 | 200020 | SH |  | DFND | 12 | 200020 | 0 | 0 |
| PG CORP | CONVERTIBLE BOND | 69331CAL2 |  | 4144903 | 4000000 | PRN |  | DFND | 12 | 4000000 | 0 | 0 |
| PENNYMAC MORTGAGE INVESTMENT TRUST | CONVERTIBLE BOND | 70932AAH6 |  | 4152035 | 3971000 | PRN |  | DFND | 12 | 3971000 | 0 | 0 |
| UPSTART HOLDINGS INC | CONVERTIBLE BOND | 91680MAB3 |  | 4795964 | 4869000 | PRN |  | DFND | 12 | 4869000 | 0 | 0 |
| GREEN PLAINS INC | CONVERTIBLE BOND | 393222AK0 |  | 4980506 | 4998000 | PRN |  | DFND | 12 | 4998000 | 0 | 0 |
| NEOGENOMICS INC | CONVERTIBLE BOND | 64049MAB6 |  | 5101124 | 5575000 | PRN |  | DFND | 12 | 5575000 | 0 | 0 |
| CERENCE INC | CONVERTIBLE BOND | 156727AD1 |  | 5262829 | 5942000 | PRN |  | DFND | 12 | 5942000 | 0 | 0 |
| PAGERDUTY INC | CONVERTIBLE BOND | 69553PAD2 |  | 5369691 | 5935000 | PRN |  | DFND | 12 | 5935000 | 0 | 0 |
| SNAP INC | CONVERTIBLE BOND | 83304AAH9 |  | 5476199 | 6000000 | PRN |  | DFND | 12 | 6000000 | 0 | 0 |
| MGP INGREDIENTS INC | CONVERTIBLE BOND | 55303JAB2 |  | 6030226 | 6251000 | PRN |  | DFND | 12 | 6251000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | CONVERTIBLE BOND | 00971TAN1 |  | 6177136 | 5397000 | PRN |  | DFND | 12 | 5397000 | 0 | 0 |
| NRG ENERGY INC | COMMON STOCK | 629377508 |  | 7164951 | 49028 | SH |  | DFND | 12 | 49028 | 0 | 0 |
| LIBERTY LATIN AMERICA LTD | COMMON STOCK | G9001E102 |  | 7249132 | 839020 | SH |  | DFND | 12 | 839020 | 0 | 0 |
| DATADOG INC | CONVERTIBLE BOND | 23804LAD5 |  | 7469954 | 7699000 | PRN |  | DFND | 12 | 7699000 | 0 | 0 |
| NUTANIX INC | CONVERTIBLE BOND | 67059NAH1 |  | 7758846 | 7600000 | PRN |  | DFND | 12 | 7600000 | 0 | 0 |
| TRIP.COM GROUP LTD | CONVERTIBLE BOND | 89677QAB3 |  | 7870744 | 7588000 | PRN |  | DFND | 12 | 7588000 | 0 | 0 |
| MAGNACHIP SEMICONDUCTOR CORP | COMMON STOCK | 55933J203 |  | 7979602 | 2849858 | SH |  | DFND | 12 | 2849858 | 0 | 0 |
| REDWOOD TRUST INC | CONVERTIBLE BOND | 758075AF2 |  | 8370704 | 8247000 | PRN |  | DFND | 12 | 8247000 | 0 | 0 |
| WINNEBAGO INDUSTRIES INC | CONVERTIBLE BOND | 974637AF7 |  | 8504032 | 9376000 | PRN |  | DFND | 12 | 9376000 | 0 | 0 |
| REPLIGEN CORP | CONVERTIBLE BOND | 759916AD1 |  | 8790069 | 8997000 | PRN |  | DFND | 12 | 8997000 | 0 | 0 |
| REDFIN CORP | CONVERTIBLE BOND | 75737FAE8 |  | 8819923 | 9197000 | PRN |  | DFND | 12 | 9197000 | 0 | 0 |
| LCI INDUSTRIES | CONVERTIBLE BOND | 501812AB7 |  | 9098706 | 9138000 | PRN |  | DFND | 12 | 9138000 | 0 | 0 |
| CALLAWAY GOLF CO | CONVERTIBLE BOND | 131193AE4 |  | 9179748 | 9166000 | PRN |  | DFND | 12 | 9166000 | 0 | 0 |
| OPTIMUM COMMUNICATIONS INC | COMMON STOCK | 02156K103 |  | 9529637 | 7330490 | SH |  | DFND | 12 | 7330490 | 0 | 0 |
| PENN ENTERTAINMENT INC | CONVERTIBLE BOND | 707569AU3 |  | 9564390 | 9562000 | PRN |  | DFND | 12 | 9562000 | 0 | 0 |
| ZIFF DAVIS INC | CONVERTIBLE BOND | 48123VAE2 |  | 9914407 | 10091000 | PRN |  | DFND | 12 | 10091000 | 0 | 0 |
| STRATEGY INC | CONVERTIBLE BOND | 594972AS0 |  | 10056599 | 12080000 | PRN |  | DFND | 12 | 12080000 | 0 | 0 |
| AEROVIRONMENT INC | CONVERTIBLE BOND | 008073AA6 |  | 10117052 | 10313000 | PRN |  | DFND | 12 | 10313000 | 0 | 0 |
| BLOCK INC | CONVERTIBLE BOND | 852234AK9 |  | 10290134 | 10982000 | PRN |  | DFND | 12 | 10982000 | 0 | 0 |
| ITRON INC | CONVERTIBLE BOND | 465741AQ9 |  | 10426617 | 10349000 | PRN |  | DFND | 12 | 10349000 | 0 | 0 |
| JD.COM INC | CONVERTIBLE BOND | 47215PAJ5 |  | 11019840 | 11053000 | PRN |  | DFND | 12 | 11053000 | 0 | 0 |
| AFFIRM HOLDINGS INC | CONVERTIBLE BOND | 00827BAB2 |  | 11190889 | 11537000 | PRN |  | DFND | 12 | 11537000 | 0 | 0 |
| SMARTRENT INC | COMMON STOCK | 83193G107 |  | 11257942 | 7505294 | SH |  | DFND | 12 | 7505294 | 0 | 0 |
| BATTALION OIL CORP | COMMON STOCK | 07134L107 |  | 11738656 | 3009912 | SH |  | DFND | 12 | 3009912 | 0 | 0 |
| UPWORK INC | CONVERTIBLE BOND | 91688FAB0 |  | 12264643 | 12499000 | PRN |  | DFND | 12 | 12499000 | 0 | 0 |
| COGENT BIOSCIENCES INC | CONVERTIBLE BOND | 19240QAA0 |  | 12536056 | 10221000 | PRN |  | DFND | 12 | 10221000 | 0 | 0 |
| BLACKSTONE MORTGAGE TRUST INC | CONVERTIBLE BOND | 09257WAE0 |  | 12894205 | 12959000 | PRN |  | DFND | 12 | 12959000 | 0 | 0 |
| SYNAPTICS INC | CONVERTIBLE BOND | 87157DAJ8 |  | 14322701 | 13815000 | PRN |  | DFND | 12 | 13815000 | 0 | 0 |
| NABORS INDUSTRIES LTD | CONVERTIBLE BOND | 62957HAL9 |  | 14700807 | 16137000 | PRN |  | DFND | 12 | 16137000 | 0 | 0 |
| ENVISTA HOLDINGS CORP | CONVERTIBLE BOND | 29415FAD6 |  | 15907100 | 15977000 | PRN |  | DFND | 12 | 15977000 | 0 | 0 |
| SIMPLY GOOD FOODS CO/THE | COMMON STOCK | 82900L102 |  | 16199557 | 1128889 | SH |  | DFND | 12 | 1128889 | 0 | 0 |
| SNAP INC | CONVERTIBLE BOND | 83304AAF3 |  | 18734056 | 19745000 | PRN |  | DFND | 12 | 19745000 | 0 | 0 |
| TELECOM ARGENTINA SA | COMMON STOCK | 879273209 |  | 18964032 | 1622244 | SH |  | DFND | 12 | 1622244 | 0 | 0 |
| FIVE9 INC | CONVERTIBLE BOND | 338307AF8 |  | 18970767 | 21743000 | PRN |  | DFND | 12 | 21743000 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CORP | COMMON STOCK | 67401P405 |  | 20932752 | 1852456 | SH |  | DFND | 12 | 1852456 | 0 | 0 |
| TERNIUM SA | COMMON STOCK | 880890108 |  | 23404398 | 582924 | SH |  | DFND | 12 | 582924 | 0 | 0 |
| RICE ACQUISITION CORP 3 | COMMON STOCK | G7553X106 |  | 24744000 | 2400000 | SH |  | DFND | 12 | 2400000 | 0 | 0 |
| CRACKER BARREL OLD COUNTRY STORE INC | CONVERTIBLE BOND | 22410JAB2 |  | 25658041 | 26175000 | PRN |  | DFND | 12 | 26175000 | 0 | 0 |
| SHIFT4 PAYMENTS INC | CONVERTIBLE BOND | 82452JAD1 |  | 25669770 | 27272000 | PRN |  | DFND | 12 | 27272000 | 0 | 0 |
| SPECTRUM BRANDS HOLDINGS INC | CONVERTIBLE BOND | 84762LAZ8 |  | 26140369 | 26126000 | PRN |  | DFND | 12 | 26126000 | 0 | 0 |
| EMBRAER SA | COMMON STOCK | 29082A107 |  | 26560940 | 447606 | SH |  | DFND | 12 | 447606 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | CONVERTIBLE BOND | 04271TAB6 |  | 28189767 | 31046000 | PRN |  | DFND | 12 | 31046000 | 0 | 0 |
| ECOVYST INC | COMMON STOCK | 27923Q109 |  | 30784152 | 2393791 | SH |  | DFND | 12 | 2393791 | 0 | 0 |
| CEMEX SAB DE CV | COMMON STOCK | 151290889 |  | 31609669 | 2763083 | SH |  | DFND | 12 | 2763083 | 0 | 0 |
| TELADOC HEALTH INC | CONVERTIBLE BOND | 87918AAF2 |  | 31714129 | 33070000 | PRN |  | DFND | 12 | 33070000 | 0 | 0 |
| ARRAY DIGITAL INFRASTRUCTURE INC | COMMON STOCK | 911684108 |  | 33425846 | 724444 | SH |  | DFND | 12 | 724444 | 0 | 0 |
| AMPHASTAR PHARMACEUTICALS INC | CONVERTIBLE BOND | 03209RAB9 |  | 34460616 | 38036000 | PRN |  | DFND | 12 | 38036000 | 0 | 0 |
| UNITY SOFTWARE INC | CONVERTIBLE BOND | 91332UAB7 |  | 34970593 | 35941000 | PRN |  | DFND | 12 | 35941000 | 0 | 0 |
| CONMED CORP | CONVERTIBLE BOND | 207410AH4 |  | 35121424 | 36189000 | PRN |  | DFND | 12 | 36189000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | CONVERTIBLE BOND | 743312AB6 |  | 36110163 | 36154000 | PRN |  | DFND | 12 | 36154000 | 0 | 0 |
| DEXCOM INC | CONVERTIBLE BOND | 252131AM9 |  | 37280111 | 40423000 | PRN |  | DFND | 12 | 40423000 | 0 | 0 |
| BLOCK INC | CONVERTIBLE BOND | 852234AJ2 |  | 37684552 | 37779000 | PRN |  | DFND | 12 | 37779000 | 0 | 0 |
| DRAFTKINGS INC | CONVERTIBLE BOND | 26142RAB0 |  | 40008210 | 44355000 | PRN |  | DFND | 12 | 44355000 | 0 | 0 |
| Q2 HOLDINGS INC | CONVERTIBLE BOND | 74736LAD1 |  | 40884654 | 41053000 | PRN |  | DFND | 12 | 41053000 | 0 | 0 |
| YPF SA | COMMON STOCK | 984245100 |  | 40972412 | 886465 | SH |  | DFND | 12 | 886465 | 0 | 0 |
| BENTLEY SYSTEMS INC | CONVERTIBLE BOND | 08265TAD1 |  | 44692244 | 46995000 | PRN |  | DFND | 12 | 46995000 | 0 | 0 |
| OKTA INC | CONVERTIBLE BOND | 679295AF2 |  | 46679418 | 46973000 | PRN |  | DFND | 12 | 46973000 | 0 | 0 |
| SEA LTD | CONVERTIBLE BOND | 81141RAG5 |  | 46928280 | 47886000 | PRN |  | DFND | 12 | 47886000 | 0 | 0 |
| RUNWAY GROWTH FINANCE CORP | COMMON STOCK | 78163D100 |  | 48293821 | 7029667 | SH |  | DFND | 12 | 7029667 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE CORP | CONVERTIBLE BOND | 57164YAF4 |  | 50164537 | 52119000 | PRN |  | DFND | 12 | 52119000 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | COMMON STOCK | G25457105 |  | 50595930 | 539000 | SH |  | DFND | 12 | 539000 | 0 | 0 |
| ENPHASE ENERGY INC | CONVERTIBLE BOND | 29355AAK3 |  | 50604278 | 56620000 | PRN |  | DFND | 12 | 56620000 | 0 | 0 |
| LIBERTY LATIN AMERICA LTD | COMMON STOCK | G9001E128 |  | 50704239 | 5748780 | SH |  | DFND | 12 | 5748780 | 0 | 0 |
| KILROY REALTY CORP | COMMON STOCK | 49427F108 |  | 52188810 | 1850011 | SH |  | DFND | 12 | 1850011 | 0 | 0 |
| COINBASE GLOBAL INC | CONVERTIBLE BOND | 19260QAB3 |  | 52227725 | 52633000 | PRN |  | DFND | 12 | 52633000 | 0 | 0 |
| BAUSCH LOMB CORP | COMMON STOCK | 071705107 |  | 53785550 | 3382739 | SH |  | DFND | 12 | 3382739 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | CONVERTIBLE BOND | 09061GAK7 |  | 54024126 | 55985000 | PRN |  | DFND | 12 | 55985000 | 0 | 0 |
| ETSY INC | CONVERTIBLE BOND | 29786AAN6 |  | 54794898 | 61196000 | PRN |  | DFND | 12 | 61196000 | 0 | 0 |
| GRUPO AEROMEXICO SAB DE CV | COMMON STOCK | 40054J109 |  | 55601290 | 3968686 | SH |  | DFND | 12 | 3968686 | 0 | 0 |
| AMERICAN WATER CAPITAL CORP | CONVERTIBLE BOND | 03040WBE4 |  | 55839914 | 55921000 | PRN |  | DFND | 12 | 55921000 | 0 | 0 |
| PEBBLEBROOK HOTEL TRUST | CONVERTIBLE BOND | 70509VAA8 |  | 56380550 | 57736000 | PRN |  | DFND | 12 | 57736000 | 0 | 0 |
| XP INC | COMMON STOCK | G98239109 |  | 60395051 | 3172009 | SH |  | DFND | 12 | 3172009 | 0 | 0 |
| ECHOSTAR CORP | CONVERTIBLE BOND | 278768AB2 |  | 64342803 | 18000001 | PRN |  | DFND | 12 | 18000001 | 0 | 0 |
| FREEPORT-MCMORAN INC | COMMON STOCK | 35671D857 |  | 71718771 | 1220122 | SH |  | DFND | 12 | 1220122 | 0 | 0 |
| CBL  ASSOCIATES PROPERTIES INC | COMMON STOCK | 124830878 |  | 82767382 | 2153717 | SH |  | DFND | 12 | 2153717 | 0 | 0 |
| TRANSALTA CORP | COMMON STOCK | 89346D107 |  | 84077945 | 6415253 | SH |  | DFND | 12 | 6415253 | 0 | 0 |
| NOKIA OYJ | COMMON STOCK | 654902204 |  | 90050476 | 11200308 | SH |  | DFND | 12 | 11200308 | 0 | 0 |
| RIOT PLATFORMS INC | CONVERTIBLE BOND | 767292AB1 |  | 91812759 | 79664000 | PRN |  | DFND | 12 | 79664000 | 0 | 0 |
| JETBLUE AIRWAYS CORP | CONVERTIBLE BOND | 477143AP6 |  | 94793457 | 95093000 | PRN |  | DFND | 12 | 95093000 | 0 | 0 |
| ITAU UNIBANCO HOLDING SA | COMMON STOCK | 465562106 |  | 102143786 | 12188995 | SH |  | DFND | 12 | 12188995 | 0 | 0 |
| LIBERTY GLOBAL LTD | COMMON STOCK | G61188101 |  | 103383899 | 8551191 | SH |  | DFND | 12 | 8551191 | 0 | 0 |
| TALEN ENERGY CORP | COMMON STOCK | 87422Q109 |  | 105702479 | 331117 | SH |  | DFND | 12 | 331117 | 0 | 0 |
| BARRICK MINING CORP | COMMON STOCK | 06849F108 |  | 107067998 | 2624859 | SH |  | DFND | 12 | 2624859 | 0 | 0 |
| PETROLEO BRASILEIRO SA - PETROBRAS | COMMON STOCK | 71654V408 |  | 126355319 | 6089413 | SH |  | DFND | 12 | 6089413 | 0 | 0 |
| SUNOPTA INC | COMMON STOCK | 8676EP108 |  | 134230239 | 20726126 | SH |  | DFND | 12 | 20726126 | 0 | 0 |
| CORE SCIENTIFIC INC | COMMON STOCK | 21874A106 |  | 139896591 | 9400708 | SH |  | DFND | 12 | 9400708 | 0 | 0 |
| VIPER ENERGY INC | COMMON STOCK | 64361Q101 |  | 178159389 | 3791432 | SH |  | DFND | 12 | 3791432 | 0 | 0 |
| TELEPHONE AND DATA SYSTEMS INC | COMMON STOCK | 879433829 |  | 180703430 | 4292243 | SH |  | DFND | 12 | 4292243 | 0 | 0 |
| GARRETT MOTION INC | COMMON STOCK | 366505105 |  | 265187806 | 14594816 | SH |  | DFND | 12 | 14594816 | 0 | 0 |
| ANGLOGOLD ASHANTI PLC | COMMON STOCK | G0378L100 |  | 313800237 | 3223092 | SH |  | DFND | 12 | 3223092 | 0 | 0 |
| EXPAND ENERGY CORP | COMMON STOCK | 165167735 |  | 574970225 | 5237477 | SH |  | DFND | 12 | 5237477 | 0 | 0 |
| TORM PLC | COMMON STOCK | G89479102 |  | 675076008 | 23839575 | SH |  | DFND | 12 | 23839575 | 0 | 0 |
| CORE SCIENTIFIC INC | COMMON STOCK | 21874A106 |  | 52360000 | 3500000 | SH | Call | DFND | 12 | 3500000 | 0 | 0 |
| INVESCO QQQ TRUST SERIES 1 | ETF | 46090E103 |  | 328992600 | 570000 | SH | Put | DFND | 12 | 570000 | 0 | 0 |
| STATE STREET SPDR S OIL  GAS EXPLORATION  PRODUCTION ETF | ETF | 78468R556 |  | 181830000 | 1000000 | SH | Put | DFND | 12 | 1000000 | 0 | 0 |
| TALEN ENERGY CORP | COMMON STOCK | 87422Q109 |  | 47884500 | 150000 | SH | Call | DFND | 12 | 150000 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | COMMON STOCK | N53745100 |  | 40280000 | 500000 | SH | Put | DFND | 12 | 500000 | 0 | 0 |
| Indivior Pharmaceuticals Inc | COMMON STOCK | 04546C106 |  | 6984102 | 212875428 | SH |  | DFND | 12 | 212875428 | 0 | 0 |

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