CANYON CAPITAL ADVISORS LLC
Q2 2025 Form 13-F

DALLAS, TEXAS
CIK 0001074034 · CRD 107922 · SEC-registered investment adviser
$723.0M Reported Value Total

CANYON CAPITAL ADVISORS LLC reports 22 total accounts under management (AUM). There are 22 discretionary accounts valued at $13,583,289,000, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Private funds (Form ADV)
47 funds · $15.9B gross asset value
Hedge Fund: $13.4B · Securitized Asset Fund: $1.8B · Private Equity Fund: $738.4M
Source: Form ADV filed 2026-03-30
Reported value
$723.0M
Quarter over quarter
+3.4%
Holdings
13
Top-10 concentration
97.8%

Key People

Form ADV owners & control persons
Joshua Stephan Friedman
MEMBER/MANAGER AND TRUSTEE
Mitchell Ralph Julis
MEMBER/MANAGER AND TRUSTEE
Douglas Anthony Anderson
CHIEF COMPLIANCE OFFICER

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Q2 2025 13F record

Q2 2025 13F filing summary

Q2 2025 Form 13F portfolio summary
Period of report June 30, 2025
Filed August 14, 2025
Form 13F-HR
Reported value $723.0M
Positions 13
Change in reported value +3.9%
New positions 3
Exited positions 1
Position turnover 28.6%
Top-10 concentration 97.8%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
21 $882.0M
Q1 2026 13F
Filed May 15, 2026
18 $772.0M
Q4 2025 13F
Filed Feb 17, 2026
12 $760.7M
Q3 2025 13F
Filed Nov 14, 2025
11 $729.4M
Q2 2025 13F
Filed Aug 14, 2025
13 $723.0M
Q1 2025 13F
Filed May 15, 2025
11 $696.1M
Q4 2024 13F
Filed Feb 14, 2025
9 $778.9M
Q3 2024 13F
Filed Nov 14, 2024
10 $828.1M
Q2 2024 13F
Filed Aug 14, 2024
9 $894.6M
Q1 2024 13F
Filed May 15, 2024
9 $935.9M
Q4 2023 13F
Filed Feb 14, 2024
9 $884.5M
Q3 2023 13F
Filed Nov 14, 2023
10 $1.0B
Q2 2023 13F
Filed Aug 14, 2023
13 $1.0B
Q1 2023 13F
Filed May 15, 2023
11 $676.8M
Q4 2022 13F
Filed Feb 14, 2023
17 $902.0M
Q3 2022 13F
Filed Nov 14, 2022
18 $1.0B
Q2 2022 13F
Filed Aug 15, 2022
20 $1.3B
Q1 2022 13F
Filed May 16, 2022
40 $2.7B
Q4 2021 13F
Filed Feb 14, 2022
59 $2.9B
Q3 2021 13F
Filed Nov 15, 2021
61 $2.8B

33 earlier quarters on file — choose one from the quarter menu above.

Top 16 holdings · Q2 2025

Largest Q2 2025 13F positions by reported value
# Holding Reported value % of portfolio
1 CBL CBL & ASSOC PPTYS INC $215.0M 29.73%
2 AMCR AMCOR PLC $179.6M 24.84%
3 SDRL SEADRILL LTD $128.6M 17.78%
4 AMBP ARDAGH METAL PACKAGING S A $48.1M 6.65%
5 FFWM FIRST FNDTN INC $41.6M 5.75%
6 NE NOBLE CORP PLC $38.8M 5.37%
7 RUN SUNRUN INC $16.4M 2.26%
8 ALLY ALLY FINL INC $15.3M 2.12%
9 ACHC ACADIA HEALTHCARE COMPANY IN $11.8M 1.64%
10 MBC MASTERBRAND INC $11.6M 1.61%
11 MAGN MAGNERA CORP $9.8M 1.35%
12 HOUS ANYWHERE REAL ESTATE INC $3.2M 0.44%
13 FLYYQ SPIRIT AVIATION HLDGS INC $3.2M 0.44%
14 SONWQ SONDER HOLDINGS INC $15.0K < 0.01%
15 BAERW BRIDGER AEROSPACE GRP HLDGS $13.6K < 0.01%
16 BSLKW BOLT PROJS HLDGS INC $4.3K < 0.01%

Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.

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