CANYON CAPITAL ADVISORS LLC

DALLAS, TX · CIK 1074034 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1998 · limited liability company

Assets managed$11.9bn
Staff192 · 80 in investment roles
Main clients (by assets)Private funds 98%, Companies 2%
Private funds24 (19 hedge) · $11.5bn gross assets
Websitecanyonpartners.com
Form ADV · 2026-03-30SEC adviser record

Legal entityCANYON CAPITAL ADVISORS LLC (US)

$882.0m reported value +14.2% vs Q1 2026

22positions

85.5%in top 10

8 new 2 added 8 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CBL & ASSOC PPTYS INC COMMON STOCK CBL	CBL	7,416,294	$393.7m44.64%	44.64%	Reduced -1.1m	-1,050,000 -12.4%
2	FIRSTSUN CAP BANCORP COM FSUN	FSUN	1,931,052	$74.9m8.49%	8.49%	New
3	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	2,100,000	$56.0m6.35%	6.35%	Added +1.2m	+1,200,000 133.3%
4	ARDAGH METAL PACKAGING S A SHS AMBP	AMBP	10,385,711	$49.2m5.58%	5.58%	Reduced -1.1m	-1,137,617 -9.9%
5	COMPASS INC CL A COMP	COMP	3,463,162	$42.7m4.84%	4.84%	Reduced -36.7k	-36,712 -1.1%
6	QORVO INC COM QRVO	QRVO	387,903	$36.2m4.10%	4.10%	Reduced -234.1k	-234,072 -37.6%
7	SUNRUN INC COM RUN	RUN	2,470,000	$33.0m3.75%	3.75%	Unchanged
8	CORE & MAIN INC CL A CNM	CNM	510,000	$24.6m2.79%	2.79%	New
9	TPG INC COM CL A TPG	TPG	584,200	$23.7m2.69%	2.69%	New
10	ELECTRONIC ARTS INC COM EA	EA	100,000	$20.5m2.32%	2.32%	Reduced -176.0k	-175,994 -63.8%
11	UNIFIRST CORP MASS COM UNF	UNF	75,000	$19.8m2.25%	2.25%	New
12	AMCOR PLC COM NEW AMCR	AMCR	431,885	$18.7m2.12%	2.12%	Unchanged
13	JAMES HARDIE INDS PLC ORD SHS JHX	JHX	484,748	$12.7m1.44%	1.44%	Added +86.0k	+86,048 21.6%
14	SEADRILL LTD COM SDRL	SDRL	332,630	$12.6m1.43%	1.43%	Reduced -929.1k	-929,149 -73.6%
15	ASHLAND INC COM ASH	ASH	179,000	$11.8m1.34%	1.34%	New
16	MASTERBRAND INC COMMON STOCK MBC	MBC	1,077,523	$11.1m1.26%	1.26%	Reduced -614.4k	-614,378 -36.3%
17	ATKORE INC COM ATKR	ATKR	139,700	$10.6m1.20%	1.20%	Reduced -165.3k	-165,300 -54.2%
18	MAGNERA CORP COM SHS MAGN	MAGN	810,000	$9.5m1.08%	1.08%	Unchanged
19	SKYWORKS SOLUTIONS INC COM SWKS	SWKS	122,000	$8.3m0.94%	0.94%	New
20	AZUL S A SPONSORED ADS AZUL	AZUL	721,828	$6.5m0.74%	0.74%	New
21	UWM HOLDINGS CORPORATION COM CL A UWMC	UWMC	2,531,196	$5.8m0.66%	0.66%	New
22	BRIDGER AEROSPACE GRP HLDGS *W EXP 01/24/202 · principal BAERW · principal	BAERW	175,000	$49.0k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
FIRST FNDTN INC FFWM	FFWM	8,152,392	$48.1m8.2m shares
PENNYMAC FINL SVCS INC NEW PFSI	PFSI	187,500	$16.4m187.5k shares
KENVUE INC KVUE	KVUE	750,000	$12.9m750.0k shares
OCEANFIRST FINL CORP OCFC	OCFC	613,230	$11.1m613.2k shares
FLUSHING FINL CORP		91,155	$1.4m91.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CBL & ASSOC PPTYS INC CBL · 13D · filed 2026-10-08	CBL	19.7%	-4.3 pts	13D	2026-10-08

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-05-22	CBL & ASSOC PPTYS INC Member of 10% owner group · See footnotes	CBL	Sold	1,050,000	$48.8m1.1m shares	-12%