Oaktree Specialty Lending

OCSL • NASDAQ

Oaktree Specialty Lending is a financial - credit services company in the financial services sector on NASDAQ, led by Armen Panossian, with a market cap of $1.2B. As of Q3 2025, 38% of shares are held by 181 institutional investors, with PRIVATE MANAGEMENT GROUP INC as the largest holder at 3.42%.

Chief Executive Officer and Chief Investment OfficerArmen Panossian

Market Cap$1.2B

Financial - Credit Services

Financial Services

Websiteoaktreespecialtylending.com

Country

United States of America

Overview

Overview of institutional ownership in OCSL as of Q3 2025 with a market cap of $1.1B

All Institutions

Institutions: 181
Value Held: $441.3M
Shares Held: 33.8M
Avg Position: $2.4M
Median Position: $420.9K

Hedge Funds

Hedge Funds: 13
Value Held: $55.6M
Shares Held: 4.3M
Avg Position: $4.3M
Median Position: $607.7K

Ownership Breakdown

Institutional (non-HF)

33.55%

$385.7M

Hedge Funds

4.83%

$55.6M

Retail & Other

61.61%

$708.2M

Based on market cap of $1.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in OCSL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	Robert Todd Summers President	$39.3M 1.16% of portfolio	3.42% 3.0M shares	Q1 2018 Held for 7y 8m	$3.4B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$39.1M 0.00% of portfolio	3.40% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BRUNI J V & CO /CO RIA/Wealth	John Roy Brock President	$32.5M 3.28% of portfolio	2.82% 2.5M shares	Q4 2017 Held for 7y 11m	$990.7M
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$28.4M 0.03% of portfolio	2.47% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$96.6B
G Generali Asset Management SPA SGR Institution	-	$27.2M 0.58% of portfolio	2.37% 2.1M shares	Q4 2024 Held for 11 months	$4.7B
ARES MANAGEMENT LLC Private Equity	Michael J (Mi Only) Arougheti CEO	$25.4M 1.16% of portfolio	2.21% 1.9M shares	Q1 2020 Held for 5y 8m	$2.2B
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	$24.2M 0.51% of portfolio	2.10% 1.9M shares	Q4 2017 Held for 7y 11m	$4.7B
CLARET ASSET MANAGEMENT Corp RIA/Wealth	Monique Elizabeth Milford Gravel CEO	$22.1M 2.70% of portfolio	1.92% 1.7M shares	Q2 2020 Held for 5y 5m	$817.2M
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	$17.2M 1.04% of portfolio	1.50% 1.3M shares	Q3 2024 Held for 1y 2m	$1.7B
Melia Wealth LLC RIA/Wealth	Gregory Scott Melia President	$15.9M 6.95% of portfolio	1.38% 1.2M shares	Q1 2024 Held for 1y 8m	$228.2M

Net Capital Flow

Institutional buying and selling activity for OCSL in Q3 2025

Traded: +$15.4M
Buyers: 92
Sellers: 86
Total Bought: +$56.9M
Total Sold: −$41.5M
Avg Position: $2.1M

Biggest Buyers

Institution	Net Bought	Current Position
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$9.2M +701.8K shares	$17.2M 1.3M shares
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	+$7.9M +607.5K shares	$39.3M 3.0M shares
BRUNI J V & CO /CO RIA/Wealth	+$3.6M +274.7K shares	$32.5M 2.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.5M +267.3K shares	$5.1M 388.2K shares
Melia Wealth LLC RIA/Wealth	+$2.9M +225.4K shares	$15.9M 1.2M shares
G Generali Asset Management SPA SGR Institution	+$2.6M +199.4K shares	$27.2M 2.1M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$2.6M +197.7K shares	$2.9M 223.7K shares
Invesco Ltd. ETF Provider	+$2.4M +181.0K shares	$11.6M 886.8K shares
HighTower Advisors, LLC RIA/Wealth	+$1.8M +135.7K shares	$3.5M 267.9K shares
VAN ECK ASSOCIATES CORP ETF Provider	+$1.8M +134.6K shares	$28.4M 2.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$8.6M −626.3K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$5.9M −450.2K shares	$39.1M 3.0M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$3.5M −259.8K shares	Sold Off 0 shares
Rezny Wealth Management, Inc. RIA/Wealth	−$2.6M −188.0K shares	Sold Off 0 shares
L LSV ASSET MANAGEMENT Long Only Manager	−$2.0M −151.6K shares	$1.9M 148.8K shares
Round Rock Advisors, LLC RIA/Wealth	−$1.5M −107.4K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$1.4M −104.9K shares	$6.6M 508.1K shares
PINNACLE ASSOCIATES LTD Long Only Manager	−$1.4M −99.6K shares	Sold Off 0 shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$1.0M −78.7K shares	$2.4M 183.8K shares
A Arlington Capital Management, Inc. Institution	−$940.6K −68.9K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited OCSL in Q3 2025

New Positions: 8
New Value: $1.8M
Exited Positions: 30
Exited Value: $24.6M

New Positions

Institution	Position Value
ICON ADVISERS INC/CO Long Only Manager	$785.9K 60.2K shares
Summit Financial, LLC RIA/Wealth	$535.3K 41.0K shares
TEXAS CAPITAL BANCSHARES INC/TX Institution	$233.9K 17.9K shares
S Sunbeam Capital Management, LLC RIA/Wealth	$201.0K 15.4K shares
S State of Alaska, Department of Revenue Institution	$51.2K 3.9K shares
Union Bankshares Corp Institution	$6.0K 456.0 shares
Guerra Advisors Inc RIA/Wealth	$1.8K 138.0 shares
E ESL Trust Services, LLC Institution	$1.3K 100.0 shares

Exited Positions

Institution	Previous Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.6M 626.3K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	$3.5M 259.8K shares
Rezny Wealth Management, Inc. RIA/Wealth	$2.6M 188.0K shares
Round Rock Advisors, LLC RIA/Wealth	$1.5M 107.4K shares
PINNACLE ASSOCIATES LTD Long Only Manager	$1.4M 99.6K shares
A Arlington Capital Management, Inc. Institution	$940.6K 68.9K shares
Financial Strategies Group, Inc. RIA/Wealth	$798.7K 55.4K shares
Quantbot Technologies LLC Hedge Fund•Quant	$762.5K 55.8K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$687.8K 50.4K shares
O OXFORD ASSET MANAGEMENT Institution	$563.7K 41.3K shares

Options Activity

Institutions with the largest Call and Put options positions in OCSL as of Q3 2025

Call Positions: 2
Call Value: $683.8K
Put Positions: 3
Put Value: $976.1K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$683.8K 524.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$783.0K 600.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$193.1K 148.0 contracts
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

Institutions with OCSL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Melia Wealth LLC RIA/Wealth	Gregory Scott Melia President	6.95% $15.9M	1.38% 1.2M shares	Q1 2024 Held for 1y 8m	$228.2M
BRUNI J V & CO /CO RIA/Wealth	John Roy Brock President	3.28% $32.5M	2.82% 2.5M shares	Q4 2017 Held for 7y 11m	$990.7M
CLARET ASSET MANAGEMENT Corp RIA/Wealth	Monique Elizabeth Milford Gravel CEO	2.70% $22.1M	1.92% 1.7M shares	Q2 2020 Held for 5y 5m	$817.2M
CASTLEKEEP INVESTMENT ADVISORS LLC RIA/Wealth	Charles Wesley Kelakos Haberstroh CEO	2.06% $4.3M	0.38% 332.3K shares	Q4 2023 Held for 1y 11m	$210.3M
Muzinich & Co., Inc. Long Only Manager	Justin George Muzinich CEO	1.67% $4.3M	0.38% 330.9K shares	Q4 2014 Held for 10y 11m	$258.0M
G GraniteShares Advisors LLC Institution	William John Grant Rhind CEO	1.52% $2.6M	0.23% 201.5K shares	Q4 2021 Held for 3y 11m	$172.8M
Wills Financial Group LLC RIA/Wealth	Janet Howard Wills President	1.25% $3.0M	0.26% 232.7K shares	Q1 2025 Held for 8 months	$243.8M
ARES MANAGEMENT LLC Private Equity	Michael J (Mi Only) Arougheti CEO	1.16% $25.4M	2.21% 1.9M shares	Q1 2020 Held for 5y 8m	$2.2B
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	Robert Todd Summers President	1.16% $39.3M	3.42% 3.0M shares	Q1 2018 Held for 7y 8m	$3.4B
T TT Capital Management LLC Institution	-	1.08% $1.4M	0.12% 107.9K shares	Q4 2024 Held for 11 months	$130.9M

Hedge Fund Spotlight

Discover hedge funds investing in OCSL

Bramshill Investments, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerStephen Christopher Selver

Portfolio Value: $1.5B
Positions: 150
Last Reported: Q3 2025

Sector Allocation

Position in Oaktree Specialty Lending

Market Value: $568.5K
Shares Held: 43.6K
Portfolio Weight: 0.04%
Owned Since: 2020-Q4

Top Holding	Sector	Market Value	Weight
1 iShares 0-5 Year High Yield Corporate Bond SHYG	ETF ETF	$376.4M	25.70%
2 iShares Preferred and Income Securities ETF PFF	ETF ETF	$197.3M	13.47%
3 iShares 20+ Year Treasury Bond TLT	ETF ETF	$143.6M	9.81%