Clients
Oaktree Capital Management serves 373 clients, 275 of them pooled investment vehicles. The average client has about $491 million with the firm.
- Pooled investment vehicles275 clients81%
- Pension and profit-sharing plans37 clients5%
- State or municipal government entities12 clients3%
- Insurance companies30 clients9%
- OtherCharitable organizations, Other investment advisers, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Other2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 275 | $149,308,760,002 | 81.5% | $542.9M |
| Pension and profit-sharing plans | 37 | $9,896,506,054 | 5.4% | $267.5M |
| Charitable organizations | 1 | $309,226,416 | 0.2% | $309.2M |
| State or municipal government entities | 12 | $5,491,981,365 | 3.0% | $457.7M |
| Other investment advisers | 2 | $394,430,968 | 0.2% | $197.2M |
| Insurance companies | 30 | $15,604,642,469 | 8.5% | $520.2M |
| Sovereign wealth funds and foreign official institutions | 1 | $283,121,682 | 0.2% | $283.1M |
| Corporations and other businesses | 12 | $1,604,238,576 | 0.9% | $133.7M |
| Other | 3 | $393,942,680 | 0.2% | $131.3M |
| Total | 373 | $183,286,850,212 | 100% | $491.4M |
- Clients
- 275
- Regulatory AUM
- $149,308,760,002
- Share
- 81.5%
- Avg. per client
- $542.9M
- Clients
- 37
- Regulatory AUM
- $9,896,506,054
- Share
- 5.4%
- Avg. per client
- $267.5M
- Clients
- 1
- Regulatory AUM
- $309,226,416
- Share
- 0.2%
- Avg. per client
- $309.2M
- Clients
- 12
- Regulatory AUM
- $5,491,981,365
- Share
- 3.0%
- Avg. per client
- $457.7M
- Clients
- 2
- Regulatory AUM
- $394,430,968
- Share
- 0.2%
- Avg. per client
- $197.2M
- Clients
- 30
- Regulatory AUM
- $15,604,642,469
- Share
- 8.5%
- Avg. per client
- $520.2M
- Clients
- 1
- Regulatory AUM
- $283,121,682
- Share
- 0.2%
- Avg. per client
- $283.1M
- Clients
- 12
- Regulatory AUM
- $1,604,238,576
- Share
- 0.9%
- Avg. per client
- $133.7M
- Clients
- 3
- Regulatory AUM
- $393,942,680
- Share
- 0.2%
- Avg. per client
- $131.3M
Total
- Clients
- 373
- Regulatory AUM
- $183,286,850,212
- Share
- 100%
- Avg. per client
- $491.4M
What it does
Oaktree Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Oaktree Capital Management advises 284 private funds.
99.0% of assets ($181.38B across 616 accounts) are managed with discretion; $1.91B across 4 accounts are not. 62% of clients are outside the U.S., and 17 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks11%
- Exchange-traded equities10%
- Non-exchange-traded equities1%
- Bonds46%
- High-yield corporate bonds44%
- Investment grade corporate bonds2%
- Cash4%
- Other39%
- Other assets include abs, mbs, clos, senior loans, trade claims.24%
- Derivatives15%
Custodians
Oaktree Capital Management’s client accounts are held mainly at State Street Bank and Trust, with 5% of managed assets, and J.P. Morgan, with 4%. Oaktree Capital Management has custody of $129.64B for 247 clients.
- Bank of New York MellonBank of New York Mellon Corporation · New York, NY · $6.21B3%
- J.P. MorganJP Morgan Chase & Co. · New York, NY · $7.50B4%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $9.58B5%
- All other custodians$159.99B87%
Ownership and leadership
Oaktree Capital Management GP, LLC owns 50% to 75% of Oaktree Capital Management, and Robert O'Leary is its CEO.
- Owns 50% to 75% of Oaktree Capital Management, L.P.
Oaktree Capital Management GP, LLC
Control person · since September 2019
- Owns 75% or more of Oaktree Capital Management GP, LLC
Oaktree Capital Holdings, LLC
Control person · since September 2019
- Owns 75% or more of Oaktree Capital Holdings, LLC
Oaktree New Holdings LLC
Control person · since September 2019
- Owns 75% or more of Oaktree New Holdings LLC
Atlas Holdings II LLC
Control person · since September 2019
- Owns 75% or more of Atlas Holdings II LLC
Atlas Subco Holdings LLC
Control person · since December 2022
- Owns 75% or more of Atlas Subco Holdings LLC
Atlas Top LLC
Control person · since December 2022
- Owns 75% or more of Atlas Top LLC
Brookfield U.S., Inc.
Control person · since December 2022
- Owns 75% or more of Brookfield U.S., Inc.
Brookfield US Holdings Inc.
Control person · since December 2022
- Owns 75% or more of Brookfield US Holdings Inc.
Brookfield Asset Management Ulc
Control person · since December 2022
- Owns 75% or more of Brookfield Asset Management Ulc
Brookfield Asset Management LTD.
Control person · since February 2025
- Owns 50% to 75% of Brookfield Asset Management LTD.
Brookfield Corporation
Control person · since February 2025
Leadership
- Robert O'LearyCo-Chief Executive Officer
- Armen PanossianCo-Chief Executive Officer
- Karly DyckChief Financial Officer
- Jay GhiyaChief Operating Officer
- Rodney VencatachellumManaging Director and Chief Compliance Officer
- Martin BoskovichManaging Director and General Counsel
- John FrankVice Chairman
- Bruce KarshCo-Chairman, Chief Investment Officer
- Howard MarksCo-Chairman
- Sheldon StonePrincipal
Staff
- 905 employees
- 282 in advisory functions
- 53 broker-dealer reps
- 1 insurance agent
- 1 soliciting firm
Reported holdings
Oaktree Capital Management’s reported 13F holdings total $7.21B across 145 positions, and the ten largest make up 54.6% of it.
- $7.21B
- Reported 13F value
- 145
- Positions
- 54.6%
- In the 10 largest
- +9.9%
- Value vs. prior quarter
- State Street Corp. · ETFPut14.0%
- Invesco Qqq Trust Series 1 · ETFPut9.0%
- Torm PLC7.3%
- Expand Energy Corp.6.6%
- Garrett Motion Inc.3.8%
- Anglogold Ashanti PLC3.6%
- Indivior Pharmaceuticals Inc.3.5%
- Telephone And Data Systems Inc.2.7%
- Viper Energy Inc.2.2%
- Core Scientific Inc.Call1.8%
Together, the ten largest are 54.6% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $7.21B is not its $183.29B in regulatory assets and does not represent any individual client's portfolio.
Fees
Oaktree Capital Management is paid through a percentage of assets under management and performance-based fees.
Oaktree Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Oaktree Capital Management has 17 offices, with 7 listed addresses across 4 states.
California · 3 listed addresses
- 333 South Grand Ave, 28th Floor, Los AngelesHQ
- 11611 San Vicente BLVD., Los Angeles
- 555 S Flower Street, Los Angeles
Texas · 2 listed addresses
- Two Allen Center 1200 Smith ST, Houston
- 2300 North Field Street, Dallas
Connecticut · 1 listed address
- 680 Washington BLVD., Stamford
New York · 1 listed address
- 1301 Avenue of the Americas, New York
Registration details
- Legal name
- Oaktree Capital Management, L.P.
- Headquarters
- 333 South Grand Ave, 28th Floor, Los Angeles, CA 90071
- Phone
- 213-830-6300
- Website
- www.oaktreecapital.com
- SEC file
- 801-48923
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Oaktree Capital Management have?
Oaktree Capital Management has 373 clients and manages $183.3 billion for them, as of August 2026. They include 275 pooled investment vehicles, 37 pension and profit-sharing plans and 30 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026
What services does Oaktree Capital Management offer?
Oaktree Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Oaktree Capital Management use?
Oaktree Capital Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $9,584,918,629, JP Morgan Chase & Co. (New York, NY), with $7,502,434,910 and Bank of New York Mellon Corporation (New York, NY), with $6,210,839,853. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 August 2026
How many financial advisors does Oaktree Capital Management have?
Oaktree Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 905 employees, and 282 perform investment advisory functions. 53 are registered representatives of a broker-dealer and 1 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Oaktree Capital Management invest in?
At the end of its last fiscal year, Oaktree Capital Management’s separately managed accounts held 44% high-yield corporate bonds, 24% other assets include abs, mbs, clos, senior loans, trade claims., 15% derivatives, 10% exchange-traded equities, 4% cash and equivalents, 2% investment grade corporate bonds and 1% non-exchange-traded equities. It advises 284 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oaktree Capital Management?
Oaktree Capital Management is owned through a chain of holding companies by Brookfield Corporation. Its direct owner is Oaktree Capital Management GP, LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 August 2026
How does Oaktree Capital Management get paid?
Oaktree Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file