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OAK-PA on NYSE

Brookfield Oaktree Holdings, LLC

American investment advice company based in Los Angeles, active since 20072

In its 2026 annual report the company says: “The Company is the issuer of the Series A and Series B preferred units listed on the NYSE.”7 Its shares trade on NYSE under the symbol OAK-PA.2

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Last updated Oct 21, 2026.

Overview

$679.5MRevenue, fiscal 20253
$249.2MNet income, fiscal 20253

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  • TickerOAK-PA on NYSE2
  • IndustryInvestment Advice2
  • HeadquartersLos Angeles, United States2
  • Incorporated inDE4
  • Business address333 South Grand Avenue, 28Th Floor, Los Angeles, Ca 900714
  • Filer categoryNon-accelerated filer4
  • Legal formLimited Liability Company2
  • LEI254900T1ODNFOK2L60902
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 43342602

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Brookfield Oaktree Holdings, LLC holds Credit, Real Estate and Equity investments managed by leading alternative asset management firms Oaktree Capital Management, L.P. and Brookfield Asset Management Ltd. The Company both directly invests in funds and other managed investment vehicles and has indirect exposure through its approximately 74% economic interest in Oaktree Capital I, L.P. (“Oaktree Capital I”), which holds a majority of Oaktree’s investments in Oaktree funds.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

36.7%Net margin3
-12.6%Revenue growth, 20253
11.1%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs63¢$430.3M
  • Profit37¢$249.2M

Out of $679.5M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$471.0M

Out of $471.0M of cash from operations.3

Financial statements

Revenue891011123$679.5M in 2025−51% since 2018
0$500.0M$1.0B$1.5B2018: $1.4B$1.4B20182019: $929.0M$929.0M2019−33%2020: $429.1M$429.1M2020−54%2021: $1.5B$1.5B2021+239%2022: $1.1B$1.1B2022−24%2023: $688.8M$688.8M2023−37%2024: $778.0M$778.0M2024+13%2025: $679.5M$679.5M2025−13%
Net income891011123$249.2M in 2025+12% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $223.4M$223.4M20182019: $154.8M$154.8M2019−31%2020: $165.7M$165.7M2020+7%2021: $631.7M$631.7M2021+281%2022: $203.6M$203.6M2022−68%2023: $221.2M$221.2M2023+9%2024: $307.5M$307.5M2024+39%2025: $249.2M$249.2M2025−19%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Interest and dividend income$483.0M$490.4M$348.8M
Incentive income$0$117.5M$267.3M
Investment income$196.5M$170.0M$72.7M
Total revenues$679.5M$778.0M$688.8M
Compensation and benefits-$1.1M-$1.0M-$675.0K
Incentive income compensation$0-$22.2M-$134.8M
General and administrative-$3.2M-$3.2M-$5.6M
Consolidated fund expenses-$84.3M-$81.1M-$65.8M
Interest expense-$88.6M-$99.8M-$50.3M
Total expenses-$177.2M-$207.2M-$257.1M
Net realized gain on consolidated funds investments$52.3M$65.6M$79.4M
Net change in unrealized (depreciation) appreciation on consolidated funds investments-$31.5M$150.7M$29.1M
Total other income$20.8M$216.3M$108.5M
Income before income taxes$523.2M$787.1M$540.2M
Income taxes$0$0$0
Net income$523.2M$787.1M$540.2M
Net income attributable to Brookfield Oaktree Holdings, LLC$249.2M$307.5M$221.2M
Net income attributable to preferred unitholders-$27.3M-$27.3M-$27.3M
Net income attributable to Brookfield Oaktree Holdings, LLC Class A unitholders$221.9M$280.2M$193.9M
Distributions declared per Class A unit (in dollars per share)$2.10$2.84$1.00
Net income per Class A unit, basic (in dollars per share)$1.88$2.45$1.80
Net income per Class A unit, diluted (in dollars per share)$1.88$2.45$1.80
Weighted average number of Class A units outstanding, diluted (in shares)118.2M shares114.5M shares107.6M shares

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Corporate structure

Brookfield Oaktree Holdings, LLC sits at the top of its group. 32 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; stakes of 5% or more it reported on Schedules 13D and 13G (20 companies). Each entity in the chart links to its source.

What it owns

What Brookfield Oaktree Holdings, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$18.4M12 Dec 31, 2023$18.4M11 Dec 31, 20220%

Properties, in its own words

We do not directly own or lease any real property. Our principal executive offices are located in office space leased by OCM at 333 South Grand Avenue, 28th Floor, Los Angeles, California 90071. OCM also leases office space elsewhere in the United States. OCM Cayman leases office space in Europe, the Middle East, Asia and Australia. Certain affiliates of Oaktree’s managed funds lease office space in Europe and Asia. We consider our facilities to be suitable and adequate for the management and operation of our business.

Item 2 of the 10-K filed Mar 24, 2026.7

Leadership

Who has led Brookfield Oaktree Holdings, LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jay S. Wintrob2014–2019

Chief financial officer

  1. David M. Kirchheimer2012–2013
  2. Karly Evelyn Dyck2026–now
  3. Mathieu Tighe Herrington2026–now
201520202025
Board members and other officers (31)

Subsidiaries and ownership

Also consolidated

Subsidiaries (Exhibit 21)

  • OCM Luxembourg OPPS XII S.à r.l. Luxembourg5
  • OCM Luxembourg Opps XI Sarl Luxembourg5
  • Oaktree Opportunities Fund XI (Parallel) AIV (Cayman), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XI (Parallel), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XI Holdings (Cayman), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XII (Parallel) AIV 1 (Cayman), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XII (Parallel) AIV 2 (Cayman), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XII (Parallel), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XII BF AIV (Cayman), L.P. Cayman Islands5
  • Oaktree Opportunities Fund XII Holdings (Cayman), L.P. Cayman Islands5
  • Oaktree Opportunities XII (Singapore) Holdings Pte. Ltd. Singapore5

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Oaktree Capital Group, LLCJul 26, 2007 to Mar 7, 20244

Timeline

  1. Aug 3, 20268-K Completed an acquisition or sale; Executive or director change; Bylaws or fiscal year changed46
  2. Apr 27, 20268-K Entered a material agreement47
  3. Apr 20, 20268-K Entered a material agreement48
  4. Oct 14, 20258-K Other events49
  5. Jul 1, 20248-K Entered a material agreement; Other events50
  6. Mar 5, 20248-K Executive or director change; Regulation FD disclosure; Other events51
  7. Jan 12, 20248-K Executive or director change52
  8. Jun 29, 20238-K Entered a material agreement; Executive or director change53
  9. Mar 31, 20238-K Executive or director change54
  10. Feb 16, 20238-K Executive or director change55
  11. Dec 20, 20228-K Other events56
  12. Dec 6, 20228-K Entered a material agreement; Completed an acquisition or sale57
  13. Dec 3, 2014New chief executive Jay S. Wintrob becomes CEO19
  14. Apr 13, 2007Founded Brookfield Oaktree Holdings, LLC is founded2

Filings

48 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 16 major events, 11 insider forms. The latest 20:

  1. Aug 11, 202610-Q EDGAR
  2. Aug 3, 20263 EDGAR
  3. Aug 3, 20263 EDGAR
  4. Aug 3, 20263 EDGAR
  5. Aug 3, 20263 EDGAR
  6. Aug 3, 20263 EDGAR
  7. Aug 3, 20268-K EDGAR
  8. May 26, 20264 EDGAR
  9. May 12, 202610-Q EDGAR
  10. Apr 27, 20268-K EDGAR
  11. Apr 20, 20268-K EDGAR
  12. Mar 24, 202610-K EDGAR
  13. Nov 12, 202510-Q EDGAR
  14. Oct 14, 20258-K EDGAR
  15. Aug 13, 202510-Q EDGAR
  16. May 14, 202510-Q EDGAR
  17. Mar 20, 202510-K EDGAR
  18. Nov 12, 202410-Q EDGAR
  19. Aug 14, 202410-Q EDGAR
  20. Jul 1, 20248-K EDGAR

The 48 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 3 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 21, 2026GILBERT STEVEN JDirectorBuy1,354$20.77$28.1KForm 4
Jun 5, 2024Perry Mansco IIIDirectorSale1,000$21.65$21.6KForm 4
Nov 21, 2023Perry Mansco IIIDirectorBuy1,000$20.70$20.7KForm 4
Jun 14, 2022GILBERT STEVEN JDirectorBuy20,000$23.69$473.9KForm 4

From Forms 4 filed with the SEC.

Stakes it holds

Brookfield Oaktree Holdings, LLC has told the SEC it owns more than 5% of 20 companies, latest first (Schedules 13D and 13G).

SEC filer profile

How Brookfield Oaktree Holdings, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBrookfield Oaktree Holdings, LLC1
  • CIK0001403528
  • Employer ID (EIN)26-01748947
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
  • Incorporated inDelaware7
  • Fiscal year endsDecember 311
  • Industry code (SIC)6282 Investment Advice1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address333 South Grand Avenue, 28Th Floor, Los Angeles, CA 900711
  • Phone(213) 830-63001
  • Shares outstanding118,832,320 Common Class A shares; 41,558,979 Common Class B shares as of Mar 19, 20267
  • Public float$0 as of Jun 30, 20253
  • AuditorErnst & Young LLP, Los Angeles, California PCAOB ID 42; no auditor attestation of internal control over financial reporting7
  • On EDGAR sinceJul 26, 20071
  • Filings999 in all: 4 (479), 8-K (99), 3 (88), 13F-NT (48), 10-Q (44), SC 13G/A (38), SC 13G (30), SC 13D/A (20)1
    All 44 form types

    CORRESP (16), UPLOAD (16), 10-K (14), 425 (14), 424B5 (12), S-1/A (10), 4/A (9), 3/A (7), 8-K/A (6), SC 13D (6), 5 (3), 8-A12B (3), EFFECT (3), FWP (3), SC 13E3/A (3), 10-K/A (2), 10-Q/A (2), 424B7 (2), CERT (2), IRANNOTICE (2), S-3ASR (2), SCHEDULE 13D/A (2), 15-12B (1), 25-NSE (1), 424B2 (1), 424B4 (1), 5/A (1), CERTNYS (1), DEFM14A (1), POS AM (1), POSASR (1), S-1 (1), S-3 (1), S-8 (1), S-8 POS (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Mar 24, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
6.625% Series A preferred unitsOAK-PANew York Stock Exchange
6.550% Series B preferred unitsOAK-PBNew York Stock Exchange

From the cover page of the 10-K filed Mar 24, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks Brookfield Oaktree Holdings, LLC names in Item 1A of its 10-K filed Mar 24, 2026: 47 risks under these headings, as written.7

  • Risks Relating to Our Business
  • Given Oaktree’s focus on achieving superior investment performance with less-than-commensurate risk, and the priority afforded to its clients’ interests, Oaktree may reduce AUM, restrain its growth, reduce fees or otherwise alter the terms under which Oaktree or we do business when Oaktree or we deem it appropriate—even in circumstances where others might deem such actions unnecessary. This approach could adversely affect our results of operations.
  • Our business is materially affected by conditions in the global financial markets and economies, and any disruption or deterioration in these conditions could materially reduce our revenues, earnings and cash flow and adversely affect our overall performance, ability to raise or deploy capital, financial prospects and condition and liquidity position.
  • Inflation has adversely affected and may continue to adversely affect Oaktree’s business, results of operations and financial condition of Oaktree’s funds and their portfolio companies.
  • Our business depends in large part on Oaktree’s ability to raise capital from investors. If Oaktree were unable to raise such capital, Oaktree would be unable to collect incentive fees or deploy such capital into investments, which would materially reduce our revenues and cash flow and adversely affect our financial condition.
  • We depend on OCM as the primary investment adviser to Oaktree’s funds to support Oaktree’s funds’ investment activities and a Services Agreement with OCM to support Oaktree’s operations; if the terms of the services provided by OCM were significantly altered or if the arrangements to provide such services were terminated, our ability to achieve our investment objective or operate as a public reporting company could be significantly harmed.
  • Our revenues are volatile due to the nature and structure of our business, and if we experience a substantial decline in our investment income, we may not be able to pay distributions on our preferred units.
  • Oaktree’s failure to deal appropriately with conflicts of interest or inter-fund governance matters could damage our reputation and adversely affect our business.
  • The investment management business is intensely competitive.
  • Poor performance of Oaktree funds could adversely affect Oaktree’s assets under management and ability to raise capital for future funds and poor performance of funds in which we are directly or indirectly invested would cause a decline in our revenues, net income and cash flow.
  • Oaktree may not be able to maintain its current incentive fee structure as a result of industry pressure from clients to reduce fees, which could have an adverse effect on our profit margins and results of operations.
  • Oaktree often pursues investment opportunities that involve business, regulatory, legal or other complexities.
The other 36 risks
  • Technological developments in artificial intelligence could disrupt the markets in which Oaktree operates and subject Oaktree and us to increased competition, legal and regulatory risks and compliance costs.
  • Extensive regulation in the United States and abroad affects Oaktree’s activities and creates the potential for significant liabilities and penalties that could adversely affect our business and results of operations.
  • Regulatory changes in the United States, regulatory compliance failures and the effects of negative publicity surrounding the financial industry in general could adversely affect our reputation, business and operations.
  • Changes in law and government regulations may adversely affect our business, financial condition and results of operations.
  • Regulatory changes in jurisdictions outside the United States could adversely affect Oaktree’s business.
  • SEC rules barring so-called “bad actors” from relying on Rule 506 of Regulation D in private placements could materially adversely affect Oaktree’s business, financial condition and results of operations.
  • Oaktree’s failure to comply with “pay to play” regulations implemented by the SEC and certain states, and changes to the “pay to play” regulatory regimes, could adversely affect Oaktree’s business.
  • Oaktree’s failure to maintain the security of its information and technology networks, including personal data and client information, intellectual property and proprietary business information could have a material adverse effect on us.
  • Interruption of certain information technology, communications systems or data services could disrupt our business, result in losses and/or limit our growth.
  • Oaktree is subject to substantial litigation risks and may face significant liabilities and damage to its professional reputation as a result.
  • Oaktree employee misconduct, which is difficult to detect and deter, could subject Oaktree to significant regulatory sanctions and reputational harm. Fraud and other deceptive practices or other misconduct at the portfolio companies of Oaktree’s funds could similarly subject Oaktree or us to liability and reputational damage and also harm our performance.
  • Risks Relating to Oaktree’s Funds
  • Our results of operations are dependent on the performance of Oaktree’s funds. Poor fund performance will result in reduced revenues. Poor performance of Oaktree’s funds will also make it difficult for Oaktree to retain and attract investors to Oaktree’s funds, to retain and attract qualified professionals and to grow Oaktree’s business. The performance of each fund Oaktree manages is subject to some or all of the following risks.
  • The historical returns attributable to Oaktree’s funds should not be considered indicative of the future results of Oaktree’s funds or of our future results or of any returns expected on an investment in our preferred units.
  • Certain of Oaktree’s funds make investments in distressed businesses that involve significant risks and potential additional liabilities.
  • Certain of Oaktree’s funds may be subject to risks arising from potential control group liability.
  • Poor investment performance during periods of adverse market conditions may result in relatively high levels of investor redemptions, which can exacerbate the liquidity pressures on the affected funds, force the sale of assets at distressed prices or reduce the funds’ returns.
  • Valuation methodologies for certain assets in Oaktree’s funds can be subject to significant subjectivity, and the values of assets established pursuant to the methodologies may never be realized.
  • Oaktree’s funds make investments in companies that are based outside the United States, which exposes us to additional risks not typically associated with investing in companies that are based in the United States.
  • We have made and expect to continue to make significant investments in Oaktree’s current and future funds, and we may lose money on some or all of our investments.
  • Oaktree’s funds often invest in companies that are highly leveraged, a fact that may increase the risk of loss associated with the investments.
  • The use of leverage by Oaktree’s funds could have a material adverse effect on our financial condition, results of operation and cash flow.
  • Changes in the debt financing markets and higher interest rates may negatively impact the ability of Oaktree’s funds and their portfolio companies to obtain attractive financing for their investments or refinance existing debt and may increase the cost of such financing if it is obtained, leading to lower-yielding investments and potentially decreasing our investment income.
  • Oaktree’s funds are subject to risks in using prime brokers, custodians, counterparties, administrators, other agents and third-party service providers.
  • Risks Relating to Our Preferred Units
  • The market price of our preferred units could be adversely affected by various factors.
  • If we, including any service organizations that we use, fail to maintain effective internal controls over our financial reporting in the future, the accuracy and timing of our financial reporting may be adversely affected.
  • Distributions on the preferred units are discretionary and non-cumulative.
  • Risks Relating to Our Organization and Structure
  • We have an indirect economic interest in only a portion of the Oaktree Operating Group, which may negatively impact our ability to pay distributions on our preferred units.
  • If we or any of Oaktree’s private funds were deemed an investment company under the Investment Company Act, applicable restrictions could make it impractical for us to continue our business or for Oaktree to continue such funds as contemplated and could have a material adverse effect on our business.
  • Our operating agreement contains provisions that substantially limit remedies available to our preferred unitholders for actions that might otherwise result in liability for our officers and/or directors.
  • Our ability to make distributions to holders of any series of preferred units may be limited by our holding company structure, applicable provisions of Delaware law, contractual restrictions and the terms of any senior securities we may issue in the future.
  • Risks Relating to United States Taxation
  • If the amount of distributions on the preferred units is greater than our gross ordinary income, then the amount that a holder of preferred units would receive upon liquidation may be less than the preferred unit liquidation value.
  • Holders of preferred units who are U.S. taxpayers should anticipate the need to file annually a request for an extension of the due date of their income tax return. In addition, it is possible that holders of preferred units may be required to file amended income tax returns.
  • Non-U.S. holders face unique U.S. tax issues from owning preferred units that may result in adverse tax consequences to them.
  • Holders of preferred units may be subject to state and local taxes and return filing requirements as a result of investing in our preferred units.
  • Amounts distributed in respect of the preferred units could be treated as “guaranteed payments” for U.S. federal income tax purposes.
  • Holders of preferred units who do not hold the units through the record date for a distribution may be allocated gross ordinary income even though no distribution is received.

Legal proceedings

For a discussion of legal proceedings, please see the section entitled “Legal Actions” in note 17 to our consolidated financial statements included elsewhere in this annual report, which section is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.7

Sources

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