OAK HILL ADVISORS LP
Long book
$877.9M
Q1 2026
Positions
12
Top-10 weight
99%
concentration
Last quarter
-14.4%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsOAK HILL ADVISORS LP is a concentrated fundamental stock-picker, specialised in energy (95% of the long book), running a $877.9M US long book across 12 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VALARIS LTD, EXPRO GROUP HOLDINGS NV, FS KKR CAPITAL CORP, FS SPECIALTY LENDING FUND, NUVEEN CREDIT STRATEGIES INC.
Over the last 9 quarters its long book ran on average 4.4pp per quarter behind the S&P 500, beating the index in 4 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
+5.0%
Q2 2024
-20.5%
Q3 2024
-19.3%
Q4 2024
-15.2%
Q1 2025
+1.4%
Q2 2025
+17.1%
Q3 2025
+6.8%
Q4 2025
+40.1%
Q1 2026
-14.4%
Sector allocation
Energy 84%
Other 11%
Technology 2%
Communications 2%
Healthcare 1%
Services media 0%
Long book by quarter
What does OAK HILL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VAL VALARIS LTD | Energy | 4.8M | $469.8M | 53.5% | Held |
| XPRO EXPRO GROUP HOLDINGS NV | Energy | 11.9M | $208.0M | 23.7% | -1.6% |
| FSK FS KKR CAPITAL CORP | — | 9.0M | $91.4M | 10.4% | +243.9% |
| SABR SABRE CORP | Technology | 10.2M | $14.8M | 1.7% | Held |
| IHRT IHEARTMEDIA INC - CLASS A | Communications | 4.9M | $14.3M | 1.6% | Held |
| EBS EMERGENT BIOSOLUTIONS INC | Healthcare | 1.1M | $9.2M | 1.1% | -69.2% |
| CTEV CLARITEV CORP | Services media | 91.8K | $1.5M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 12 | $877.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 13 | $612.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 12 | $479.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 12 | $398.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $472.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 14 | $542.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ANEW HOLDINGS | Nov 19, 2024 | 1 | $9.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 13 | $659.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Nov 14, 2024 | 2 | $91.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 11 | $708.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 14 | $840.6M | canonical | SEC ↗ |
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