Oaktree Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
EF HUTTON ACQUISITION CORP I	COMMON STOCK	27877D104	92,250	75,000	SH		DFND	1,2	75,000	0	0
AI TRANSPORTATION ACQUISITION CORP	COMMON STOCK	G01490138	204,200	20,000	SH		DFND	1,2	20,000	0	0
QUETTA ACQUISITION CORP	COMMON STOCK	74841A204	296,235	29,000	SH		DFND	1,2	29,000	0	0
MITEK SYSTEMS INC	CONVERTIBLE BOND	606710AA9	759,375	810,000	PRN		DFND	1,2	810,000	0	0
SHOPIFY INC	CONVERTIBLE BOND	82509LAA5	769,776	812,000	PRN		DFND	1,2	812,000	0	0
LIBERTY LATIN AMERICA LTD	CONVERTIBLE BOND	53069QAB5	935,085	969,000	PRN		DFND	1,2	969,000	0	0
OAK WOODS ACQUISITION CORP	COMMON STOCK	67190B104	949,950	90,000	SH		DFND	1,2	90,000	0	0
GOLDEN STAR ACQUISITION CORP	COMMON STOCK	G4023C101	1,042,000	100,000	SH		DFND	1,2	100,000	0	0
WIX.COM LTD	CONVERTIBLE BOND	92940WAD1	1,152,336	1,267,000	PRN		DFND	1,2	1,267,000	0	0
ARRAY TECHNOLOGIES INC	CONVERTIBLE BOND	04271TAB6	1,174,827	1,190,000	PRN		DFND	1,2	1,190,000	0	0
PLUTONIAN ACQUISITION CORP	COMMON STOCK	72942P104	1,229,350	115,000	SH		DFND	1,2	115,000	0	0
BOX INC	CONVERTIBLE BOND	10316TAB0	1,345,200	1,200,000	PRN		DFND	1,2	1,200,000	0	0
BANDWIDTH INC	CONVERTIBLE BOND	05988JAD5	1,349,380	2,120,000	PRN		DFND	1,2	2,120,000	0	0
BLOCK INC	CONVERTIBLE BOND	852234AJ2	1,392,090	1,583,000	PRN		DFND	1,2	1,583,000	0	0
TENX KEANE ACQUISITION	COMMON STOCK	G8708L104	1,476,900	135,000	SH		DFND	1,2	135,000	0	0
LUMENTUM HOLDINGS INC	CONVERTIBLE BOND	55024UAB5	1,509,450	1,500,000	PRN		DFND	1,2	1,500,000	0	0
LOMA NEGRA CIA INDUSTRIAL ARGENTINA SA	COMMON STOCK	54150E104	1,562,657	220,403	SH		DFND	1,2	220,403	0	0
LANTHEUS HOLDINGS INC	CONVERTIBLE BOND	516544AB9	1,575,840	1,400,000	PRN		DFND	1,2	1,400,000	0	0
IONIS PHARMACEUTICALS INC	CONVERTIBLE BOND	462222AD2	1,585,500	1,500,000	PRN		DFND	1,2	1,500,000	0	0
MARS ACQUISITION CORP	COMMON STOCK	G5870E108	1,594,500	150,000	SH		DFND	1,2	150,000	0	0
NORTHERN OIL AND GAS INC	CONVERTIBLE BOND	665531AJ8	1,657,600	1,400,000	PRN		DFND	1,2	1,400,000	0	0
INSULET CORP	CONVERTIBLE BOND	45784PAK7	1,731,000	1,500,000	PRN		DFND	1,2	1,500,000	0	0
CONFLUENT INC	CONVERTIBLE BOND	20717MAB9	1,748,898	2,085,000	PRN		DFND	1,2	2,085,000	0	0
CETUS CAPITAL ACQUISITION CORP	COMMON STOCK	15719Y105	1,785,000	170,000	SH		DFND	1,2	170,000	0	0
TMT ACQUISITION CORP	COMMON STOCK	G89229119	1,845,375	175,000	SH		DFND	1,2	175,000	0	0
DATADOG INC	CONVERTIBLE BOND	23804LAB9	1,891,350	1,350,000	PRN		DFND	1,2	1,350,000	0	0
DOCUSIGN INC	CONVERTIBLE BOND	256163AD8	1,900,044	1,900,000	PRN		DFND	1,2	1,900,000	0	0
BENTLEY SYSTEMS INC	CONVERTIBLE BOND	08265TAD1	2,001,387	2,225,000	PRN		DFND	1,2	2,225,000	0	0
AMERICAN AIRLINES GROUP INC	CONVERTIBLE BOND	02376RAF9	2,002,500	1,800,000	PRN		DFND	1,2	1,800,000	0	0
SAREPTA THERAPEUTICS INC	CONVERTIBLE BOND	803607AD2	2,033,800	2,000,000	PRN		DFND	1,2	2,000,000	0	0
GLOBAL LIGHTS ACQUISITION CORP	COMMON STOCK	G3937F127	2,050,000	200,000	SH		DFND	1,2	200,000	0	0
HALOZYME THERAPEUTICS INC	CONVERTIBLE BOND	40637HAF6	2,095,875	2,250,000	PRN		DFND	1,2	2,250,000	0	0
TYLER TECHNOLOGIES INC	CONVERTIBLE BOND	902252AB1	2,128,350	2,100,000	PRN		DFND	1,2	2,100,000	0	0
BILL HOLDINGS INC	CONVERTIBLE BOND	090043AB6	2,217,936	2,352,000	PRN		DFND	1,2	2,352,000	0	0
NORWEGIAN CRUISE LINE HOLDINGS LTD	CONVERTIBLE BOND	62886HBD2	2,295,250	2,500,000	PRN		DFND	1,2	2,500,000	0	0
AQUARON ACQUISITION CORP	COMMON STOCK	03842W105	2,403,000	225,000	SH		DFND	1,2	225,000	0	0
ALTERYX INC	CONVERTIBLE BOND	02156BAD5	2,450,770	2,512,000	PRN		DFND	1,2	2,512,000	0	0
ALNYLAM PHARMACEUTICALS INC	CONVERTIBLE BOND	02043QAB3	2,468,750	2,500,000	PRN		DFND	1,2	2,500,000	0	0
PDD HOLDINGS INC	CONVERTIBLE BOND	722304AC6	2,581,374	2,500,000	PRN		DFND	1,2	2,500,000	0	0
EXPEDIA GROUP INC	CONVERTIBLE BOND	30212PBE4	2,584,409	2,719,000	PRN		DFND	1,2	2,719,000	0	0
SNAP INC	CONVERTIBLE BOND	83304AAB2	2,666,875	2,500,000	PRN		DFND	1,2	2,500,000	0	0
PONO CAPITAL TWO INC	COMMON STOCK	73245B107	2,683,750	250,000	SH		DFND	1,2	250,000	0	0
I3 VERTICALS INC	CONVERTIBLE BOND	44933TAB2	2,700,861	2,879,000	PRN		DFND	1,2	2,879,000	0	0
NEOGENOMICS INC	CONVERTIBLE BOND	64049MAB6	2,791,541	3,648,000	PRN		DFND	1,2	3,648,000	0	0
CONMED CORP	CONVERTIBLE BOND	207410AH4	2,812,320	2,800,000	PRN		DFND	1,2	2,800,000	0	0
GLOBAL STAR ACQUISITION INC	COMMON STOCK	37962G102	2,970,800	280,000	SH		DFND	1,2	280,000	0	0
ZSCALER INC	CONVERTIBLE BOND	98980GAB8	3,041,000	2,000,000	PRN		DFND	1,2	2,000,000	0	0
NIO INC	CONVERTIBLE BOND	62914VAF3	3,086,600	3,355,000	PRN		DFND	1,2	3,355,000	0	0
ZILLOW GROUP INC	CONVERTIBLE BOND	98954MAG6	3,089,250	2,250,000	PRN		DFND	1,2	2,250,000	0	0
SEMTECH CORP	CONVERTIBLE BOND	816850AF8	3,236,877	3,766,000	PRN		DFND	1,2	3,766,000	0	0
SEA LTD	CONVERTIBLE BOND	81141RAF7	3,286,897	3,431,000	PRN		DFND	1,2	3,431,000	0	0
SHIFT4 PAYMENTS INC	CONVERTIBLE BOND	82452JAB5	3,287,480	2,950,000	PRN		DFND	1,2	2,950,000	0	0
SHIFT4 PAYMENTS INC	CONVERTIBLE BOND	82452JAD1	3,291,329	3,513,000	PRN		DFND	1,2	3,513,000	0	0
CHEFS WAREHOUSE INC/THE	CONVERTIBLE BOND	163086AB7	3,408,542	3,487,000	PRN		DFND	1,2	3,487,000	0	0
OMNICELL INC	CONVERTIBLE BOND	68213NAD1	3,459,796	3,753,000	PRN		DFND	1,2	3,753,000	0	0
FEUTUNE LIGHT ACQUISITION CORP	COMMON STOCK	31561T102	3,621,350	335,000	SH		DFND	1,2	335,000	0	0
ENPHASE ENERGY INC	CONVERTIBLE BOND	29355AAH0	3,820,636	4,171,000	PRN		DFND	1,2	4,171,000	0	0
ETSY INC	CONVERTIBLE BOND	29786AAN6	3,973,738	4,948,000	PRN		DFND	1,2	4,948,000	0	0
H WORLD GROUP LTD	CONVERTIBLE BOND	44332NAB2	4,180,007	3,892,000	PRN		DFND	1,2	3,892,000	0	0
BLOCK INC	CONVERTIBLE BOND	852234AF0	4,185,839	4,263,000	PRN		DFND	1,2	4,263,000	0	0
ACCOLADE INC	CONVERTIBLE BOND	00437EAB8	4,278,420	5,004,000	PRN		DFND	1,2	5,004,000	0	0
BRIDGEBIO PHARMA INC	CONVERTIBLE BOND	10806XAD4	4,282,501	5,027,000	PRN		DFND	1,2	5,027,000	0	0
ANYWHERE REAL ESTATE INC	CONVERTIBLE BOND	75606DAP6	4,410,180	5,591,000	PRN		DFND	1,2	5,591,000	0	0
HNR ACQUISITION CORP	COMMON STOCK	40472A102	4,652,305	425,000	SH		DFND	1,2	425,000	0	0
LIVEPERSON INC	CONVERTIBLE BOND	538146AB7	4,822,350	4,946,000	PRN		DFND	1,2	4,946,000	0	0
ETSY INC	CONVERTIBLE BOND	29786AAJ5	4,837,354	4,190,000	PRN		DFND	1,2	4,190,000	0	0
FINTECH ECOSYSTEM DEVELOPMENT CORP	COMMON STOCK	318136108	4,857,660	450,000	SH		DFND	1,2	450,000	0	0
Q2 HOLDINGS INC	CONVERTIBLE BOND	74736LAF6	4,911,960	5,439,000	PRN		DFND	1,2	5,439,000	0	0
ITRON INC	CONVERTIBLE BOND	465741AN6	5,010,272	5,413,000	PRN		DFND	1,2	5,413,000	0	0
8X8 INC	CONVERTIBLE BOND	282914AE0	5,078,886	5,858,000	PRN		DFND	1,2	5,858,000	0	0
MARRIOTT VACATIONS WORLDWIDE CORP	CONVERTIBLE BOND	57164YAF4	5,191,122	5,836,000	PRN		DFND	1,2	5,836,000	0	0
SOLAREDGE TECHNOLOGIES INC	CONVERTIBLE BOND	83417MAD6	5,650,077	6,179,000	PRN		DFND	1,2	6,179,000	0	0
COHERUS BIOSCIENCES INC	CONVERTIBLE BOND	19249HAB9	5,845,489	10,306,000	PRN		DFND	1,2	10,306,000	0	0
AIR TRANSPORT SERVICES GROUP INC	CONVERTIBLE BOND	00922RAB1	5,850,158	6,068,000	PRN		DFND	1,2	6,068,000	0	0
PONO CAPITAL THREE INC	COMMON STOCK	G71704103	5,894,100	555,000	SH		DFND	1,2	555,000	0	0
LIBERTY MEDIA CORP-LIBERTY FORMULA ONE	CONVERTIBLE BOND	531229AQ5	5,935,102	5,822,000	PRN		DFND	1,2	5,822,000	0	0
NRG ENERGY INC	CONVERTIBLE BOND	629377CG5	6,202,320	4,808,000	PRN		DFND	1,2	4,808,000	0	0
IQIYI INC	CONVERTIBLE BOND	46267XAE8	6,427,062	6,575,000	PRN		DFND	1,2	6,575,000	0	0
JOYY INC	CONVERTIBLE BOND	98426TAF3	6,458,868	6,714,000	PRN		DFND	1,2	6,714,000	0	0
SHAKE SHACK INC	CONVERTIBLE BOND	819047AB7	6,542,556	7,971,000	PRN		DFND	1,2	7,971,000	0	0
NUTANIX INC	CONVERTIBLE BOND	67059NAH1	6,750,700	6,460,000	PRN		DFND	1,2	6,460,000	0	0
LIBERTY BROADBAND CORP	COMMON STOCK	530307305	7,011,249	86,999	SH		DFND	1,2	86,999	0	0
REDFIN CORP	CONVERTIBLE BOND	75737FAE8	7,137,894	11,034,000	PRN		DFND	1,2	11,034,000	0	0
BILIBILI INC	CONVERTIBLE BOND	090040AF3	7,211,312	7,775,000	PRN		DFND	1,2	7,775,000	0	0
SUMMIT HOTEL PROPERTIES INC	CONVERTIBLE BOND	866082AA8	7,272,857	8,158,000	PRN		DFND	1,2	8,158,000	0	0
FIVERR INTERNATIONAL LTD	CONVERTIBLE BOND	33835LAA3	7,464,529	8,358,000	PRN		DFND	1,2	8,358,000	0	0
UPSTART HOLDINGS INC	CONVERTIBLE BOND	91680MAB3	7,563,273	10,272,000	PRN		DFND	1,2	10,272,000	0	0
CLOUDFLARE INC	CONVERTIBLE BOND	18915MAC1	7,616,180	8,446,000	PRN		DFND	1,2	8,446,000	0	0
ENVESTNET INC	CONVERTIBLE BOND	29404KAG1	7,751,574	7,820,000	PRN		DFND	1,2	7,820,000	0	0
BIOMARIN PHARMACEUTICAL INC	CONVERTIBLE BOND	09061GAH4	7,773,382	7,867,000	PRN		DFND	1,2	7,867,000	0	0
AKAMAI TECHNOLOGIES INC	CONVERTIBLE BOND	00971TAL5	7,817,196	6,989,000	PRN		DFND	1,2	6,989,000	0	0
ATLANTICA SUSTAINABLE INFRASTRUCTURE JERSEY LTD	CONVERTIBLE BOND	04916EAB0	7,936,722	8,277,000	PRN		DFND	1,2	8,277,000	0	0
INNOVIVA INC	CONVERTIBLE BOND	45781MAD3	8,115,120	9,248,000	PRN		DFND	1,2	9,248,000	0	0
CERIDIAN HCM HOLDING INC	CONVERTIBLE BOND	15677JAD0	8,621,582	9,553,000	PRN		DFND	1,2	9,553,000	0	0
8X8 INC	CONVERTIBLE BOND	282914AB6	8,858,829	8,949,000	PRN		DFND	1,2	8,949,000	0	0
WAYFAIR INC	CONVERTIBLE BOND	94419LAM3	9,031,750	9,925,000	PRN		DFND	1,2	9,925,000	0	0
ARBOR REALTY TRUST INC	CONVERTIBLE BOND	038923BA5	9,089,480	8,920,000	PRN		DFND	1,2	8,920,000	0	0
UNITY SOFTWARE INC	CONVERTIBLE BOND	91332UAB7	9,292,976	11,116,000	PRN		DFND	1,2	11,116,000	0	0
ALIBABA GROUP HOLDING LTD	COMMON STOCK	01609W102	9,322,205	120,271	SH		DFND	1,2	120,271	0	0
HIMS & HERS HEALTH INC	COMMON STOCK	433000106	9,373,604	1,053,214	SH		DFND	1,2	1,053,214	0	0
FORD MOTOR CO	CONVERTIBLE BOND	345370CZ1	9,468,999	9,469,000	PRN		DFND	1,2	9,469,000	0	0
BLACKLINE INC	CONVERTIBLE BOND	09239BAD1	9,662,205	10,826,000	PRN		DFND	1,2	10,826,000	0	0
CHEGG INC	CONVERTIBLE BOND	163092AF6	9,663,455	11,573,000	PRN		DFND	1,2	11,573,000	0	0
HERTZ GLOBAL HOLDINGS INC	COMMON STOCK	42806J700	10,390,000	1,000,000	SH		DFND	1,2	1,000,000	0	0
BAUSCH HEALTH COS INC	COMMON STOCK	071734107	10,426,000	1,300,000	SH		DFND	1,2	1,300,000	0	0
TECHTARGET INC	CONVERTIBLE BOND	87874RAD2	10,450,025	12,515,000	PRN		DFND	1,2	12,515,000	0	0
MESA LABORATORIES INC	CONVERTIBLE BOND	59064RAA7	10,656,266	11,544,000	PRN		DFND	1,2	11,544,000	0	0
VALLEY NATIONAL BANCORP	COMMON STOCK	919794107	10,860,000	1,000,000	SH	Put	DFND	1,2	1,000,000	0	0
TURNING POINT BRANDS INC	CONVERTIBLE BOND	90041LAE5	11,003,820	11,286,000	PRN		DFND	1,2	11,286,000	0	0
MFA FINANCIAL INC	CONVERTIBLE BOND	55272XAA0	11,094,177	11,039,000	PRN		DFND	1,2	11,039,000	0	0
ALVOTECH SA	WARRANT	L01800116	11,666,667	4,666,667	SH		DFND	1,2	4,666,667	0	0
TELADOC HEALTH INC	CONVERTIBLE BOND	87918AAF2	11,749,422	14,209,000	PRN		DFND	1,2	14,209,000	0	0
DISH NETWORK CORP	CONVERTIBLE BOND	25470MAF6	11,871,875	18,995,000	PRN		DFND	1,2	18,995,000	0	0
EZCORP INC	CONVERTIBLE BOND	302301AE6	11,944,827	12,733,000	PRN		DFND	1,2	12,733,000	0	0
EVENTBRITE INC	CONVERTIBLE BOND	29975EAD1	12,086,364	14,230,000	PRN		DFND	1,2	14,230,000	0	0
CRACKER BARREL OLD COUNTRY STORE INC	CONVERTIBLE BOND	22410JAB2	12,116,071	13,986,000	PRN		DFND	1,2	13,986,000	0	0
WAYFAIR INC	CONVERTIBLE BOND	94419LAF8	12,180,494	13,873,000	PRN		DFND	1,2	13,873,000	0	0
LUMENTUM HOLDINGS INC	CONVERTIBLE BOND	55024UAF6	13,248,487	16,730,000	PRN		DFND	1,2	16,730,000	0	0
LYFT INC	CONVERTIBLE BOND	55087PAB0	13,533,184	14,223,000	PRN		DFND	1,2	14,223,000	0	0
HAEMONETICS CORP	CONVERTIBLE BOND	405024AB6	13,678,284	15,283,000	PRN		DFND	1,2	15,283,000	0	0
OCWEN FINANCIAL CORP	COMMON STOCK	675746606	13,873,652	451,029	SH		DFND	1,2	451,029	0	0
EURONET WORLDWIDE INC	CONVERTIBLE BOND	298736AL3	14,205,240	15,032,000	PRN		DFND	1,2	15,032,000	0	0
PAMPA ENERGIA SA	COMMON STOCK	697660207	14,235,762	287,475	SH		DFND	1,2	287,475	0	0
FIRST MAJESTIC SILVER CORP	CONVERTIBLE BOND	32076VAD5	14,539,211	18,609,000	PRN		DFND	1,2	18,609,000	0	0
DIGITALOCEAN HOLDINGS INC	CONVERTIBLE BOND	25402DAB8	14,563,434	17,559,000	PRN		DFND	1,2	17,559,000	0	0
NEW MOUNTAIN FINANCE CORP	CONVERTIBLE BOND	647551AE0	14,819,701	14,522,000	PRN		DFND	1,2	14,522,000	0	0
STAR HOLDINGS	COMMON STOCK	85512G106	14,980,000	1,000,000	SH		DFND	1,2	1,000,000	0	0
SEA LTD	CONVERTIBLE BOND	81141RAG5	14,986,025	18,110,000	PRN		DFND	1,2	18,110,000	0	0
AZUL SA	COMMON STOCK	05501U106	15,318,436	1,580,850	SH		DFND	1,2	1,580,850	0	0
PENNYMAC MORTGAGE INVESTMENT TRUST	CONVERTIBLE BOND	70932AAD5	15,327,125	15,700,000	PRN		DFND	1,2	15,700,000	0	0
COINBASE GLOBAL INC	CONVERTIBLE BOND	19260QAB3	15,609,505	17,142,000	PRN		DFND	1,2	17,142,000	0	0
SNAP INC	CONVERTIBLE BOND	83304AAH9	15,898,974	20,202,000	PRN		DFND	1,2	20,202,000	0	0
KAMAN CORP	CONVERTIBLE BOND	483548AF0	16,232,775	16,649,000	PRN		DFND	1,2	16,649,000	0	0
JETBLUE AIRWAYS CORP	CONVERTIBLE BOND	477143AP6	16,370,327	22,580,000	PRN		DFND	1,2	22,580,000	0	0
MICROSTRATEGY INC	CONVERTIBLE BOND	594972AE1	16,523,536	18,897,000	PRN		DFND	1,2	18,897,000	0	0
MGIC INVESTMENT CORP	COMMON STOCK	552848103	16,705,140	866,000	SH		DFND	1,2	866,000	0	0
TRIPADVISOR INC	CONVERTIBLE BOND	896945AD4	16,789,646	19,051,000	PRN		DFND	1,2	19,051,000	0	0
BLACKSTONE MORTGAGE TRUST INC	CONVERTIBLE BOND	09257WAE0	17,280,012	18,937,000	PRN		DFND	1,2	18,937,000	0	0
NUVASIVE INC	CONVERTIBLE BOND	670704AJ4	17,466,615	18,934,000	PRN		DFND	1,2	18,934,000	0	0
TELECOM ARGENTINA SA	COMMON STOCK	879273209	17,547,215	2,454,156	SH		DFND	1,2	2,454,156	0	0
CHEESECAKE FACTORY INC/THE	CONVERTIBLE BOND	163072AA9	17,790,690	20,508,000	PRN		DFND	1,2	20,508,000	0	0
AFFIRM HOLDINGS INC	CONVERTIBLE BOND	00827BAB2	18,605,772	22,621,000	PRN		DFND	1,2	22,621,000	0	0
TPI COMPOSITES INC	COMMON STOCK	87266J104	19,046,657	4,600,642	SH		DFND	1,2	4,600,642	0	0
PEBBLEBROOK HOTEL TRUST	CONVERTIBLE BOND	70509VAA8	19,412,130	21,675,000	PRN		DFND	1,2	21,675,000	0	0
UNITI GROUP INC	COMMON STOCK	91325V108	19,638,081	3,397,592	SH		DFND	1,2	3,397,592	0	0
TRANSPORTADORA DE GAS DEL SUR SA	COMMON STOCK	893870204	20,048,181	1,328,574	SH		DFND	1,2	1,328,574	0	0
PERFICIENT INC	CONVERTIBLE BOND	71375UAF8	20,675,042	24,817,000	PRN		DFND	1,2	24,817,000	0	0
ALARM.COM HOLDINGS INC	CONVERTIBLE BOND	011642AB1	20,926,320	23,460,000	PRN		DFND	1,2	23,460,000	0	0
REDWOOD TRUST INC	CONVERTIBLE BOND	749772AD1	21,367,963	22,747,000	PRN		DFND	1,2	22,747,000	0	0
MAGNACHIP SEMICONDUCTOR CORP	COMMON STOCK	55933J203	21,373,935	2,849,858	SH		DFND	1,2	2,849,858	0	0
SPOTIFY TECHNOLOGY SA	CONVERTIBLE BOND	84921RAB6	22,850,572	25,893,000	PRN		DFND	1,2	25,893,000	0	0
SMARTRENT INC	COMMON STOCK	83193G107	23,941,891	7,505,294	SH		DFND	1,2	7,505,294	0	0
BERRY CORP	COMMON STOCK	08579X101	25,989,910	3,697,000	SH		DFND	1,2	3,697,000	0	0
BATTALION OIL CORP	COMMON STOCK	07134L107	28,925,254	3,009,912	SH		DFND	1,2	3,009,912	0	0
CABLE ONE INC	CONVERTIBLE BOND	12685JAE5	31,868,836	37,339,000	PRN		DFND	1,2	37,339,000	0	0
H WORLD GROUP LTD	COMMON STOCK	44332N106	36,476,184	1,090,795	SH		DFND	1,2	1,090,795	0	0
OAKTREE SPECIALTY LENDING CORP	COMMON STOCK	67401P405	37,827,151	1,852,456	SH		DFND	1,2	1,852,456	0	0
TERNIUM SA	COMMON STOCK	880890108	40,696,325	958,237	SH		DFND	1,2	958,237	0	0
AMERICA MOVIL SAB DE CV	COMMON STOCK	02390A101	42,574,850	2,298,858	SH		DFND	1,2	2,298,858	0	0
LIBERTY GLOBAL LTD	COMMON STOCK	G61188101	48,529,870	2,731,000	SH		DFND	1,2	2,731,000	0	0
FTAI AVIATION LTD	COMMON STOCK	G3730V105	54,151,630	1,167,061	SH		DFND	1,2	1,167,061	0	0
ALVOTECH SA	COMMON STOCK	L01800108	62,576,285	5,450,896	SH		DFND	1,2	5,450,896	0	0
JD.COM INC	COMMON STOCK	47215P106	62,775,023	2,172,898	SH		DFND	1,2	2,172,898	0	0
INFOSYS LTD	COMMON STOCK	456788108	63,484,134	3,453,979	SH		DFND	1,2	3,453,979	0	0
ITAU UNIBANCO HOLDING SA	COMMON STOCK	465562106	63,759,800	9,174,072	SH		DFND	1,2	9,174,072	0	0
VISTA ENERGY SAB DE CV	COMMON STOCK	92837L109	70,727,030	2,396,714	SH		DFND	1,2	2,396,714	0	0
EAGLE BULK SHIPPING INC	CONVERTIBLE BOND	269442AA7	71,493,922	40,495,000	PRN		DFND	1,2	40,495,000	0	0
ICICI BANK LTD	COMMON STOCK	45104G104	72,303,596	3,032,869	SH		DFND	1,2	3,032,869	0	0
KILROY REALTY CORP	COMMON STOCK	49427F108	73,704,438	1,850,011	SH		DFND	1,2	1,850,011	0	0
PETROLEO BRASILEIRO SA	COMMON STOCK	71654V408	76,122,681	4,766,605	SH		DFND	1,2	4,766,605	0	0
CATERPILLAR INC	COMMON STOCK	149123101	88,701,000	300,000	SH	Put	DFND	1,2	300,000	0	0
CBL & ASSOCIATES PROPERTIES INC	COMMON STOCK	124830878	97,979,340	4,012,257	SH		DFND	1,2	4,012,257	0	0
CEMEX SAB DE CV	COMMON STOCK	151290889	108,414,998	13,989,032	SH		DFND	1,2	13,989,032	0	0
ANGLOGOLD ASHANTI PLC	COMMON STOCK	G0378L100	109,802,834	5,874,951	SH		DFND	1,2	5,874,951	0	0
SUNOPTA INC	COMMON STOCK	8676EP108	113,371,909	20,726,126	SH		DFND	1,2	20,726,126	0	0
INFINERA CORP	COMMON STOCK	45667G103	119,583,074	25,175,384	SH		DFND	1,2	25,175,384	0	0
BANCO BRADESCO SA	COMMON STOCK	059460303	120,156,907	34,330,544	SH		DFND	1,2	34,330,544	0	0
FREEPORT-MCMORAN INC	COMMON STOCK	35671D857	124,215,556	2,917,913	SH		DFND	1,2	2,917,913	0	0
STAR BULK CARRIERS CORP	COMMON STOCK	Y8162K204	129,855,718	6,107,983	SH		DFND	1,2	6,107,983	0	0
NMI HOLDINGS INC	COMMON STOCK	629209305	138,986,186	4,682,823	SH		DFND	1,2	4,682,823	0	0
VALE SA	COMMON STOCK	91912E105	149,082,207	9,399,887	SH		DFND	1,2	9,399,887	0	0
SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF	ETF	78468R556	163,607,450	1,195,000	SH	Put	DFND	1,2	1,195,000	0	0
RUNWAY GROWTH FINANCE CORP	COMMON STOCK	78163D100	208,131,159	16,492,167	SH		DFND	1,2	16,492,167	0	0
STATE STREET CORP	ETF	78462F103	249,537,750	525,000	SH	Put	DFND	1,2	525,000	0	0
SITIO ROYALTIES CORP	COMMON STOCK	82983N108	304,104,671	12,935,120	SH		DFND	1,2	12,935,120	0	0
GARRETT MOTION INC	COMMON STOCK	366505105	426,280,830	44,082,816	SH		DFND	1,2	44,082,816	0	0
CHESAPEAKE ENERGY CORP	COMMON STOCK	165167735	538,585,161	7,000,067	SH		DFND	1,2	7,000,067	0	0
TORM PLC	COMMON STOCK	G89479102	1,543,419,511	51,006,538	SH		DFND	1,2	51,006,538	0	0