Oaktree Capital Management LLC is a provider of highly professional management services in the less efficient markets and alternative investments. It offers its services in the areas of real estate, equity, Japanese opportunities, high yield bonds, emerging markets, among other areas. The firm’s SEC 13F Filings for the period ended September 30, 2014, indicated that Star Bulk Carriers Corp. (NASDAQ:SBLK), Dynegy Inc (OTCMKTS:DYNIQ), and First Bancorp (NYSE:FBP) are the top three holdings of Oaktree Capital Management LLC.
The filings show that Star Bulk Carriers Corp. (NASDAQ:SBLK) was the topmost investment of Oaktree Capital Management LLC with a total investment value of $564.6 million. This is a shipping company that provides seaborne transportation for dry and bulky products. A few of the bulks it transports include iron ore, coal and grain, among other products. The holding companies with the highest investment in the stock are Oaktree Capital Management with a total of 51.2 million shares and Monarch Alternative Capital that holds 6.1 million shares. (You can see complete list of hedge funds which hold positions on Star Bulk Carriers Corp. (NASDAQ:SBLK) at the end of second quarter.)
The total investment value of Dynegy Inc (OTCMKTS:DYNIQ) was $228.8 million, coming second among the firm’s top investments. Dynegy Inc (OTCMKTS:DYNIQ) is an electric utility company that operates a several power stations in the U.S. The company has a power generation capacity of about 13,000 megawatts. Some of the company’s subsidiaries are EquiPower Resources Corp. and Brayton Point Holdings, LLC. The top three institutional shareholders of Dynegy Inc (OTCMKTS:DYNIQ) are Franklin Advisers, Inc., T. Rowe Price Mid-Cap Value, and T. Rowe Price Small-Cap Stock.
First Bancorp (NYSE:FBP) emerged third on the list with an investment value of $198.8 million for the third quarter. First Bancorp (NYSE:FBP) is a bank holding company based in Troy, North Carolina. The bank has branches in different other states. It provides its services to individuals, families, and businesses. The company was recently upgraded to “outperform” from “neutral” by Zacks. Zacks gave First Bancorp (NYSE:FBP) a target market of $6, which is a 27.39% above the current price. The company’s top three shareholders are Thomas H Lee Advisors (Alternative) VI Ltd, Lee Thomas H Partners LP, and Oaktree Capital Management LLC.
This article has been written by Victor Ochieng.