CANYON CAPITAL ADVISORS LLC
Long book
$772.0M
Q1 2026
Positions
18
Top-10 weight
89%
concentration
Last quarter
+23.4%
SPY +14.8%
Turnover
57%
of book per quarter
Strategy in plain words
auto-generated from filingsCANYON CAPITAL ADVISORS LLC is a concentrated fundamental stock-picker, running a $772.0M US long book across 18 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CBL & ASSOCIATES PROPERTIES, SEADRILL LIMITED, ELECTRONIC ARTS INC, QORVO INC, FIRST FOUNDATION INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.8%
Q2 2024
-6.5%
Q3 2024
+2.9%
Q4 2024
-17.7%
Q1 2025
+5.1%
Q2 2025
+9.9%
Q3 2025
+11.4%
Q4 2025
+8.5%
Q1 2026
+23.4%
Sector allocation
Technology 35%
Other 23%
Energy 13%
Industrials 12%
Financials 6%
Real estate 6%
Communications 6%
Long book by quarter
What does CANYON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SDRL SEADRILL LIMITED | Energy | 1.3M | $57.4M | 7.4% | -66.3% |
| EA ELECTRONIC ARTS INC | Technology | 276.0K | $56.3M | 7.3% | New |
| QRVO QORVO INC | Technology | 622.0K | $48.1M | 6.2% | New |
| FFWM FIRST FOUNDATION INC | — | 8.2M | $48.1M | 6.2% | Held |
| AMBP ARDAGH METAL PACKAGING SA | Industrials | 11.5M | $46.7M | 6.0% | -7.4% |
| RUN SUNRUN INC | Technology | 2.5M | $33.5M | 4.3% | +45.3% |
| COMP COMPASS INC - CLASS A | Real estate | 3.5M | $25.6M | 3.3% | +74.9% |
| WBD WARNER BROS DISCOVERY INC | Communications | 900.0K | $24.7M | 3.2% | New |
| ATKR ATKORE INC | Technology | 305.0K | $18.0M | 2.3% | New |
| AMCR AMCOR PLC | Other | 431.9K | $17.2M | 2.2% | New |
| PFSI PENNYMAC FINANCIAL SERVICES | Financials | 187.5K | $16.4M | 2.1% | New |
| MBC MASTERBRAND INC | Other | 1.7M | $14.1M | 1.8% | -13.7% |
| KVUE KENVUE INC | Other | 750.0K | $12.9M | 1.7% | -50.0% |
| OCFC OCEANFIRST FINANCIAL CORP | Financials | 613.2K | $11.1M | 1.4% | New |
| MAGN MAGNERA CORP | Other | 810.0K | $7.7M | 1.0% | Held |
| JHX JAMES HARDIE IND PLC | Industrials | 398.7K | $7.6M | 1.0% | New |
| FL8 FLUSHING FINANCIAL CORP | — | 91.2K | $1.4M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 19 | $772.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 14 | $760.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 14 | $729.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 16 | $723.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $696.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 12 | $778.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $828.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 17 | $894.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 19 | $935.9M | canonical | SEC ↗ |
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