Overview
- TickerOCSL on Nasdaq2
- HeadquartersLos Angeles, United States2
- Incorporated inDE4
- Business address333 South Grand Avenue, 28Th Floor, Los Angles, Ca 900714
- Filer categoryLarge accelerated filer4
- Legal formCorporation2
- LEI549300J6MGCEU59286202
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 42698412
See how the biggest companies compare on our leaderboards
Oaktree Specialty Lending Corporation, a Delaware corporation, or together with its subsidiaries, where applicable, the Company, which may also be referred to as “we,” “us” or “our”, is a specialty finance company dedicated to providing customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. We were formed in late 2007 and currently operate as a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a Business Development Company under the Investment Company Act of 1940, as amended, or the Investment Company Act. In addition, we have qualified and elected to be treated as a regulated investment company, or RIC, under the Internal Revenue Code of 1986, as amended, or the Code, for tax purposes. As a RIC, we generally will not have to pay corporate-level U.S. federal income ta…5 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
Financial statements
Every line of the income statement as filed: the last 5 fiscal years, latest first.3
| Period ending | 2025-09-30 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2023-09-30 |
|---|---|---|---|---|---|
| Interest on cash and cash equivalents | $5.2M | $6.0M | $4.1M | ||
| Total interest income | $288.1M | $346.2M | $348.8M | ||
| PIK interest income | $19.4M | $20.8M | $19.8M | ||
| Fee income | $5.8M | $9.2M | $6.5M | ||
| Dividend income | $3.5M | $5.4M | $4.2M | ||
| Total investment income | $316.8M | $381.7M | $379.3M | ||
| Base management fee | $30.2M | $43.4M | $44.9M | ||
| Part I incentive fee | $27.5M | $34.8M | $35.8M | ||
| Professional fees | $4.9M | $4.7M | $6.2M | ||
| Directors fees | $640.0K | $640.0K | $640.0K | ||
| Interest expense | $115.8M | $128.6M | $111.6M | ||
| Administrator expense | $1.9M | $1.5M | $1.3M | ||
| General and administrative expenses | $3.6M | $2.6M | $3.5M | ||
| Total expenses | $184.6M | $216.3M | $204.0M | ||
| Management fees waived | -$933.0K | -$5.2M | -$5.5M | ||
| Part I incentive fees waived | -$20.4M | -$4.4M | $0 | ||
| Net expenses | $163.3M | $206.6M | $198.5M | ||
| Net investment income before taxes | $153.5M | $175.1M | $180.8M | ||
| (Provision) benefit for taxes on net investment income | -$861.0K | $0 | $0 | ||
| Excise tax | $0 | $0 | $0 | -$100.0K | -$78.0K |
| Net investment income | $152.6M | $175.1M | $180.7M | ||
| Foreign currency forward contracts | $4.4M | -$8.8M | $59.0K | ||
| Net unrealized appreciation (depreciation) | -$101.2M | $19.1M | -$28.6M | ||
| Foreign currency forward contracts | -$11.1M | $1.1M | -$5.8M | ||
| Net realized gains (losses) | -$17.1M | -$136.4M | -$33.2M | ||
| (Provision) benefit for taxes on realized and unrealized gains (losses) | -$394.0K | $108.0K | -$1.7M | ||
| Net realized and unrealized gains (losses), net of taxes | -$118.7M | -$117.1M | -$63.4M | ||
| Net increase (decrease) in net assets resulting from operations | $33.9M | $57.9M | $117.3M | ||
| Net investment income per common share - basic (in dollars per share) | $1.77 | $2.18 | $2.51 | ||
| Net investment income per common share - diluted (in dollars per share) | $1.77 | $2.18 | $2.51 | ||
| Earnings (loss) per common share - basic (in dollars per share) | $0.39 | $0.72 | $1.63 | ||
| Earnings (loss) per common share - diluted (in dollars per share) | $0.39 | $0.72 | $1.63 | ||
| Weighted average common shares outstanding - basic (in shares) | 86.1M shares | 80.4M shares | 72.1M shares | ||
| Weighted average common shares outstanding - diluted (in shares) | 86.1M shares | 80.4M shares | 72.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 12 quarters (quarterly), latest first.3
| Period ending | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Investments at fair value | $2.8B | $3.0B | |||
| Cash and cash equivalents | $79.6M | $64.0M | |||
| Restricted cash | $0 | $14.6M | |||
| Interest, dividends and fees receivable | $31.9M | $38.8M | |||
| Due from portfolio companies | $3.2M | $12.5M | |||
| Receivables from unsettled transactions | $4.9M | $17.5M | |||
| Due from broker | $15.6M | $17.1M | |||
| Deferred financing costs | $9.7M | $11.7M | |||
| Deferred offering costs | $143.0K | $125.0K | |||
| Gross Amount of Recognized Assets | $8.7M | $0 | |||
| Other assets | $1.5M | $775.0K | |||
| Total assets | $3.0B | $3.2B | |||
| Accounts payable, accrued expenses and other liabilities | $1.5M | $3.5M | |||
| Base management fee and incentive fee payable | $12.5M | $15.5M | |||
| Due to affiliate | $1.6M | $4.1M | |||
| Interest payable | $12.1M | $16.2M | |||
| Payables from unsettled transactions | $15.0M | $15.7M | |||
| Derivative liabilities at fair value | $7.3M | $16.8M | |||
| Deferred tax liability | $269.0K | $0 | |||
| Credit facilities payable | $545.0M | $710.0M | |||
| Unsecured notes payable (net of $6,561 and $4,935 of unamortized financing costs as of September 30, 2025 and September 30, 2024, respectively) | $941.9M | $928.7M | |||
| Total liabilities | $1.5B | $1.7B | |||
| Common stock, $0.01 par value per share, 250,000 shares authorized; 88,086 and 82,245 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively | $881.0K | $822.0K | |||
| Additional paid-in-capital | $2.4B | $2.3B | |||
| Accumulated overdistributed earnings | -$885.1M | -$777.5M | |||
| Total net assets (equivalent to $16.64 and $18.09 per common share as of September 30, 2025 and September 30, 2024, respectively) (Note 11) | $1.5B | $1.5B | |||
| Total liabilities and net assets | $3.0B | $3.2B | |||
| Investment, cost | $3.1B | $3.1B | |||
| Unamortized financing costs | $6.6M | $4.9M | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |||
| Common stock, shares issued (in shares) | 88.1M shares | 82.2M shares | |||
| Common stock, shares outstanding (in shares) | 88.1M shares | 82.2M shares | |||
| Net asset value per common share (in dollars per share) | $16.64 | $16.76 | $16.75 | $17.63 | $18.09 |
| Period ending | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments at fair value | $2.8B | $3.0B | ||||||||||
| Cash and cash equivalents | $79.6M | $64.0M | $136.4M | |||||||||
| Restricted cash | $0 | $14.6M | $9.1M | |||||||||
| Interest, dividends and fees receivable | $31.9M | $38.8M | ||||||||||
| Due from portfolio companies | $3.2M | $12.5M | ||||||||||
| Receivables from unsettled transactions | $4.9M | $17.5M | ||||||||||
| Due from broker | $15.6M | $17.1M | ||||||||||
| Deferred financing costs | $9.7M | $11.7M | ||||||||||
| Deferred offering costs | $143.0K | $125.0K | ||||||||||
| Gross Amount of Recognized Assets | $8.7M | $0 | ||||||||||
| Other assets | $1.5M | $775.0K | ||||||||||
| Total assets | $3.0B | $3.2B | ||||||||||
| Accounts payable, accrued expenses and other liabilities | $1.5M | $3.5M | ||||||||||
| Base management fee and incentive fee payable | $12.5M | $15.5M | ||||||||||
| Due to affiliate | $1.6M | $4.1M | ||||||||||
| Interest payable | $12.1M | $16.2M | ||||||||||
| Payables from unsettled transactions | $15.0M | $15.7M | ||||||||||
| Derivative liabilities at fair value | $7.3M | $16.8M | ||||||||||
| Deferred tax liability | $269.0K | $0 | ||||||||||
| Credit facilities payable | $545.0M | $710.0M | ||||||||||
| Unsecured notes payable (net of $6,561 and $4,935 of unamortized financing costs as of September 30, 2025 and September 30, 2024, respectively) | $941.9M | $928.7M | ||||||||||
| Total liabilities | $1.5B | $1.7B | ||||||||||
| Common stock, $0.01 par value per share, 250,000 shares authorized; 88,086 and 82,245 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively | $881.0K | $822.0K | ||||||||||
| Additional paid-in-capital | $2.4B | $2.3B | ||||||||||
| Accumulated overdistributed earnings | -$885.1M | -$777.5M | ||||||||||
| Total net assets (equivalent to $16.64 and $18.09 per common share as of September 30, 2025 and September 30, 2024, respectively) (Note 11) | $1.5B | $1.5B | $1.5B | $1.2B | ||||||||
| Total liabilities and net assets | $3.0B | $3.2B | ||||||||||
| Investment, cost | $3.1B | $3.1B | ||||||||||
| Unamortized financing costs | $6.6M | $4.9M | ||||||||||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||||||||||
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | ||||||||||
| Common stock, shares issued (in shares) | 88.1M shares | 82.2M shares | ||||||||||
| Common stock, shares outstanding (in shares) | 88.1M shares | 82.2M shares | 77.2M shares | 61.1M shares | 60.1M shares | 47.0M shares | ||||||
| Net asset value per common share (in dollars per share) | $16.64 | $16.76 | $16.75 | $17.63 | $18.09 | $18.19 | $18.72 | $19.14 | $19.63 | $20.38 | $21.84 | $19.47 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | $33.9M | $57.9M | $117.3M |
| Net unrealized (appreciation) depreciation | $101.2M | -$19.1M | $28.6M |
| Net realized (gains) losses | $17.1M | $136.4M | $33.2M |
| PIK interest income | -$19.4M | -$20.8M | -$19.8M |
| Accretion of original issue discount on investments | -$18.0M | -$18.0M | -$22.3M |
| Accretion of original issue discount on unsecured notes payable | $1.0M | $1.3M | $783.0K |
| Amortization of deferred financing costs | $8.8M | $5.0M | $4.6M |
| Deferred taxes | $269.0K | -$5.0K | $1.7M |
| Purchases of investments | -$958.7M | -$1.3B | -$742.1M |
| Proceeds from the sales and repayments of investments | $1.0B | $1.1B | $912.0M |
| Cash received in the OSI2 Merger | $0 | $0 | $22.3M |
| (Increase) decrease in interest, dividends and fees receivable | $7.1M | $1.6M | $578.0K |
| (Increase) decrease in due from portfolio companies | $9.3M | -$6.2M | $16.3M |
| (Increase) decrease in receivables from unsettled transactions | $12.6M | $37.9M | -$50.7M |
| (Increase) decrease in due from broker | $1.5M | $37.2M | -$8.7M |
| (Increase) decrease in other assets | -$720.0K | $906.0K | $14.0K |
| Increase (decrease) in accounts payable, accrued expenses and other liabilities | -$2.0M | -$458.0K | -$53.1M |
| Increase (decrease) in base management fee and incentive fee payable | -$3.0M | -$4.0M | -$489.0K |
| Increase (decrease) in due to affiliate | -$2.5M | -$222.0K | $408.0K |
| Increase (decrease) in interest payable | -$4.2M | $224.0K | $4.4M |
| Increase (decrease) in payables from unsettled transactions | -$655.0K | $4.7M | -$16.0M |
| Increase (decrease) in director fees payable | $0 | $0 | -$9.0K |
| Net cash provided by (used in) operating activities | $228.4M | $19.1M | $228.8M |
| Distributions paid in cash | -$148.2M | -$176.8M | -$180.0M |
| Borrowings under credit facilities | $500.0M | $255.0M | $572.0M |
| Repayments of borrowings under credit facilities | -$665.0M | -$255.0M | -$787.0M |
| Repayments of unsecured notes | -$300.0M | $0 | $0 |
| Issuance of unsecured notes | $300.0M | $0 | $296.5M |
| "Shares issued under the ""at the market"" offering" | $3.0M | $92.7M | $1.4M |
| Repurchases of common stock under dividend reinvestment plan | -$10.7M | -$1.6M | -$2.4M |
| Shares issued in private placement | $100.0M | $0 | $0 |
| Deferred financing costs paid | -$8.4M | -$1.0M | -$10.6M |
| Deferred offering costs paid | -$43.0K | -$117.0K | -$235.0K |
| Net cash provided by (used in) financing activities | -$229.3M | -$86.8M | -$110.4M |
| Effect of exchange rate changes on foreign currency | $2.1M | $701.0K | $827.0K |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $1.1M | -$67.0M | $119.2M |
| Cash paid for interest | $110.2M | $122.1M | $98.2M |
| Issuance of shares of common stock under dividend reinvestment plan | $0 | $5.7M | $3.4M |
| Deferred financing costs | $0 | $1.0M | $442.0K |
| Deferred offering costs | $0 | $0 | $12.0K |
| Issuance of shares in connection with the OSI2 Merger | $0 | $0 | $334.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Oaktree Specialty Lending Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Oaktree Specialty Lending Corp
- Oaktree Capital I, L.P. Filed SCHEDULE 13D on Oaktree Specialty Lending Corp, latest Feb 10, 2025
- OAKTREE CAPITAL MANAGEMENT LP Filed SC 13D/A on Oaktree Specialty Lending Corp, latest Aug 7, 2023 (7 filings since Jan 13, 2022)
- Leonard M. Tannenbaum Filed SC 13D/A on Oaktree Specialty Lending Corp, latest Jan 26, 2023 (5 filings since Jan 11, 2022)
- Oaktree Specialty Lending Corp Los Angeles, California, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Oaktree Specialty Lending Corp 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.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $79.6M3 Sep 30, 2025 | $64.0M3 Sep 30, 2024 | +24.5% |
Properties, in its own words
We do not own any real estate or other physical properties material to our operations. Our administrative and principal executive offices are located at 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071. We believe that our office facilities are suitable and adequate for our business as it is presently conducted.
Item 2 of the 10-K filed Nov 18, 2025.5
Leadership
Who has led Oaktree Specialty Lending Corp, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerArmen Panossian Oct 7, 2019 to Mar 23, 202111
- Chief executive officerPatrick J. Dalton Jan 12, 2017 to Feb 14, 201712
- Chief executive officerBernard D. Berman Oct 3, 2017 to Oct 3, 201713
- Chief executive officerTodd Owens Feb 12, 2015 to Feb 12, 201514
- PresidentMathew Pendo Dec 16, 2019 to now15
- PresidentTodd Owens Sep 15, 2014 to Sep 15, 201416
- PresidentBernard D. Berman Jun 16, 2010 to Dec 5, 201317
- Chief financial officerMelvin Carlisle Oct 25, 2017 to Mar 23, 202118
- Chief financial officerSteven M. Noreika Jul 13, 2015 to Feb 14, 201719
- Chief financial officerRichard A. Petrocelli Jul 23, 2014 to Dec 4, 201420
- Chief financial officerAlexander C. Frank Sep 21, 2011 to Sep 21, 201121
- Chief operating officerBrett McKeone Jan 5, 2026 to now22
- Chief operating officerMatthew Stewart Jan 31, 2022 to Mar 27, 202323
- Chief operating officerMathew Pendo Oct 25, 2017 to Mar 23, 202124
Board members and other officers (30)
- OfficerArmen Panossian May 19, 2025 to now25
- Co-Chief Investment OfficerRaghav Khanna Nov 21, 2024 to now26
- Chief Compliance OfficerAshley Pak Nov 19, 2021 to Apr 12, 202327
- OfficerChristopher McKown Dec 2, 2021 to Mar 20, 202328
- OfficerEdgar Lee Oct 25, 2017 to Dec 19, 201729
- Chief Compliance OfficerKimberly Larin Oct 25, 2017 to Oct 25, 201730
- Co-Chief Investment OfficerChad S. Blakeman Nov 23, 2010 to Jun 16, 201131
- Co-Chief Investment OfficerIvelin M. Dimitrov Nov 23, 2010 to Aug 20, 201432
- Chief Investment OfficerMarc A. Goodman Apr 23, 2009 to Dec 16, 200933
- Executive Vice President & SecBernard D. Berman Jun 11, 2008 to Dec 16, 200934
- Board memberPhyllis Caldwell Jan 5, 2022 to now35
- Board memberDeborah Ann Gero Mar 15, 2019 to now36
- Board memberPatrick J. Dalton Jan 12, 2017 to Feb 14, 201712
- Board memberAlexander C. Frank May 10, 2017 to May 10, 201737
- Board memberBruce Zimmerman Oct 25, 2017 to Mar 23, 202138
- Board memberCraig Jacobson Oct 25, 2017 to now39
- Board memberJohn B. Frank Oct 25, 2017 to Mar 23, 202140
- Board memberMarc Gamsin Oct 25, 2017 to Feb 14, 201841
- Board memberRichard Ruben Oct 25, 2017 to Mar 23, 202142
- Board memberTodd Owens Feb 12, 2015 to Feb 12, 201514
- Board memberSandeep K. Khorana Dec 16, 2015 to Feb 16, 201743
- Board memberJames Castro-Blanco Aug 19, 2014 to Feb 17, 201744
- Board memberIvelin M. Dimitrov May 16, 2013 to Aug 20, 201445
- Board memberRichard P. Dutkiewicz Mar 2, 2010 to Feb 13, 201746
- Board memberBernard D. Berman May 12, 2009 to Oct 3, 201747
- Board memberAdam C. Berkman Jun 11, 2008 to Jun 19, 200848
- Board memberBruce E. Toll Jun 11, 2008 to Jun 11, 200849
- Board memberByron J. Haney Jun 11, 2008 to Feb 13, 201750
- Board memberDouglas F. Ray Jun 11, 2008 to Feb 16, 201751
- Board memberFrank C. Meyer Jun 11, 2008 to Aug 11, 201152
Former names
Timeline
- Sep 16, 20268-K Entered a material agreement53
- Sep 11, 20268-K Entered a material agreement54
- Aug 5, 20268-K Results of operations55
- May 5, 20268-K Results of operations56
- Mar 4, 20268-K Shareholder vote57
- Feb 4, 20268-K Results of operations58
- Nov 18, 20258-K Results of operations59
- Nov 14, 20258-K Executive or director change60
- Aug 5, 20258-K Results of operations61
- May 16, 20258-K Ended a material agreement62
- May 5, 20258-K Entered a material agreement63
- May 1, 20258-K Results of operations64
- Oct 7, 2019New chief executive Armen Panossian becomes CEO11
- Oct 3, 2017New chief executive Bernard D. Berman becomes CEO13
- Jan 12, 2017New chief executive Patrick J. Dalton becomes CEO12
- Feb 12, 2015New chief executive Todd Owens becomes CEO14
- Oct 9, 2007Founded Oaktree Specialty Lending Corp is founded2
Calendar
Coming up
- Nov 17, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.40 a share, on Nov 18, 2025.65
When it reported results
- Aug 5, 2026Reported quarterly or annual results55
- May 5, 2026Reported quarterly or annual results56
- Feb 4, 2026Reported quarterly or annual results58
- Nov 18, 2025Reported quarterly or annual results59
- Aug 5, 2025Reported quarterly or annual results61
- May 1, 2025Reported quarterly or annual results64
- Feb 4, 2025Reported quarterly or annual results66
- Nov 19, 2024Reported quarterly or annual results67
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
201 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 41 insider forms, 13 large holders, 76 other. The latest 20:
- Sep 16, 20268-K EDGAR
- Sep 11, 20268-K EDGAR
- Sep 11, 2026424B2 EDGAR
- Sep 10, 2026497AD EDGAR
- Sep 9, 2026FWP EDGAR
- Sep 9, 2026424B2 EDGAR
- Aug 13, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- May 5, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- Mar 18, 20264 EDGAR
- Mar 18, 20264 EDGAR
- Mar 4, 20268-K EDGAR
- Feb 4, 202610-Q EDGAR
- Feb 4, 20268-K EDGAR
- Feb 2, 2026DEFA14A EDGAR
- Jan 27, 2026CORRESP EDGAR
- Jan 23, 2026N-2ASR EDGAR
- Jan 16, 2026DEFA14A EDGAR
The 201 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
42 open-market trades by officers, directors and large owners since October 2021: 28 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Panossian ArmenSee Remarks | Buy | 1,700 | $12.69 | $21.6K | Form 4 |
| Mar 16, 2026 | CALDWELL PHYLLIS RDirector | Buy | 2,500 | $10.77 | $26.9K | Form 4 |
| Mar 16, 2026 | Gero Deborah AnnDirector | Buy | 2,000 | $10.78 | $21.6K | Form 4 |
| Sep 15, 2025 | CALDWELL PHYLLIS RDirector | Buy | 3,000 | $13.19 | $39.6K | Form 4 |
| Jun 30, 2025 | Gero Deborah AnnDirector | Buy | 2,500 | $13.70 | $34.2K | Form 4 |
| May 15, 2025 | Panossian ArmenSee Remarks | Buy | 8,000 | $14.13 | $113.0K | Form 4 |
| May 7, 2025 | CALDWELL PHYLLIS RDirector | Buy | 2,000 | $13.33 | $26.7K | Form 4 |
| May 6, 2025 | Jacobson Craig ADirector | Buy | 14,910 | $13.41 | $199.9K | Form 4 |
| Feb 25, 2025 | CALDWELL PHYLLIS RDirector | Buy | 2,500 | $15.83 | $39.6K | Form 4 |
| Feb 24, 2025 | Pendo MathewPresident | Buy | 6,260 | $15.93 | $99.7K | Form 4 |
| Feb 24, 2025 | Khanna RaghavCo-Chief Investment Officer | Buy | 6,000 | $15.95 | $95.7K | Form 4 |
| Sep 20, 2024 | CALDWELL PHYLLIS RDirector | Buy | 1,000 | $16.01 | $16.0K | Form 4 |
| Aug 13, 2024 | CALDWELL PHYLLIS RDirector | Buy | 1,334 | $16.29 | $21.7K | Form 4 |
| Feb 12, 2024 | CALDWELL PHYLLIS RDirector | Buy | 2,000 | $20.07 | $40.1K | Form 4 |
| Mar 23, 2023 | Stewart MatthewChief Operating Officer | Buy | 500 | $18.00 | $9.0K | Form 4 |
| Mar 17, 2023 | McKown ChristopherSee Remarks | Buy | 1,000 | $17.79 | $17.8K | Form 4 |
| Mar 17, 2023 | CALDWELL PHYLLIS RDirector | Buy | 500 | $17.72 | $8.9K | Form 4 |
| Mar 16, 2023 | CALDWELL PHYLLIS RDirector | Buy | 1,000 | $18.19 | $18.2K | Form 4 |
| Mar 9, 2023 | Pak AshleyChief Compliance Officer | Buy | 1,000 | $19.41 | $19.4K | Form 4 |
| Feb 9, 2023 | Pendo MathewPresident | Buy | 680 | $19.72 | $13.4K | Form 4 |
All 42 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Oaktree Capital I, L.P.SCHEDULE 13D, 1 filing Feb 10, 202568
- OAKTREE CAPITAL MANAGEMENT LPSC 13D/A, 7 filings Jan 13, 2022 to Aug 7, 202369
- Leonard M. TannenbaumSC 13D/A, 5 filings Jan 11, 2022 to Jan 26, 202370
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Oaktree Capital Management LP | 7,872,199 | $94.0M | 2.5% | +6,019,743 |
| Private Management Group Inc | 3,869,484 | $46.2M | 1.2% | +147,990 |
| Royal Bank Of Canada | 2,924,437 | $34.9M | 0.0% | +2,444,777 |
| Bruni J V & Co /co | 2,474,804 | $29.5M | 2.7% | −23,070 |
| Morgan Stanley | 2,401,489 | $28.7M | 0.0% | −160,315 |
| Ares Management LLC | 2,204,305 | $26.3M | 1.2% | +105,000 |
| Van Eck Associates Corp | 2,195,651 | $26.2M | 0.0% | +492,070 |
| Generali Asset Management SPA SGR | 2,080,867 | $24.8M | 0.4% | −7,114 |
| UBS Group AG | 2,080,105 | $24.8M | 0.0% | +710,360 |
| Russell Investments Group, Ltd. | 1,054,187 | $12.6M | 0.0% | +333,469 |
| Legal & General Group Plc | 752,396 | $9.0M | 0.0% | +67,383 |
| Melia Wealth LLC | 729,243 | $8.7M | 5.0% | −511,858 |
| Beach Point Capital Management LP | 453,524 | $5.4M | 2.1% | −658,035 |
| Raymond James Financial Inc | 450,265 | $5.4M | 0.0% | +26,242 |
| Wells Fargo & Company/mn | 366,890 | $4.4M | 0.0% | +135,822 |
| Two Sigma Investments, LP | 340,283 | $4.1M | 0.0% | −542,978 |
| Muzinich & Co., Inc. | 334,737 | $4.0M | 1.4% | +1,178 |
| BlackRock, Inc. | 333,996 | $4.0M | 0.0% | −7,861 |
| Sumitomo Mitsui Trust Group, Inc. | 310,875 | $3.7M | 0.0% | No change |
| Arnhold LLC | 297,345 | $3.6M | 0.2% | +15,000 |
| United Advisor Group, LLC | 293,056 | $3.5M | 0.4% | +7,413 |
| Castlekeep Investment Advisors LLC | 289,711 | $3.5M | 1.7% | −46,875 |
| Palliser Capital (UK) Ltd | 270,993 | $3.2M | 1.7% | New |
| Osaic Holdings, Inc. | 247,801 | $3.0M | 0.0% | +12,247 |
| Old Port Advisors | 247,537 | $3.0M | 0.6% | +35,249 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Oaktree Specialty Lending Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAROaktree Specialty Lending Corp1
- CIK0001414932
- Employer ID (EIN)26-12192835
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsSeptember 301
- Business address333 South Grand Avenue, 28Th Floor, Los Angles, CA 900711
- Phone(213) 830-63001
- Shares outstanding88,085,523 as of Aug 4, 20269
- Public float$1.2B as of Mar 31, 20255
- AuditorErnst & Young LLP, Los Angeles, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceOct 16, 20071
- Filings1,181 in all: 4 (281), 8-K (272), 497AD (60), 10-Q (55), CORRESP (52), 3 (45), SC 13D/A (44), 497 (41)1
All 54 form types
DEFA14A (29), DEF 14A (25), POS EX (24), 40-17G (19), 10-K (18), 40-33 (17), 425 (15), N-2/A (15), SC 13G/A (15), EFFECT (14), PRE 14A (13), 40-APP/A (12), SC 13G (12), 424B2 (10), 4/A (9), N-2 (9), 40-APP (6), UPLOAD (6), FWP (5), POS 8C (5), PRER14A (5), SC 13D (5), 10-K/A (4), 8-A12B (4), 424B5 (3), 424B3 (2), APP NTC (2), CERTNYS (2), DFAN14A (2), N-14 8C (2), N-14 8C/A (2), N-23C-2 (2), N-2ASR (2), NO ACT (2), PREC14A (2), PRRN14A (2), 25 (1), 25-NSE (1), 40-17G/A (1), 8-K/A (1), APP ORDR (1), CERTNAS (1), N-54A (1), N-6F (1), NT 10-K (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Nov 18, 2025
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Jan 16, 2026
Latest 8-K (8-K) Sep 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | OCSL | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Nov 18, 2025 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Oaktree Specialty Lending Corp names in Item 1A of its 10-K filed Nov 18, 2025: 73 risks under these headings, as written.5
- Risks Relating to Our Business and Structure
- Global economic, political and market conditions have (and in the future, could further) adversely affect our business, results of operations and financial condition and those of our portfolio companies.
- Changes in interest rates may affect our cost of capital and net investment income.
- Elevated interest rates have the effect of increasing our net investment income, which makes it easier for our Adviser to receive incentive fees.
- Tariffs may adversely affect us or our portfolio companies.
- A significant portion of our investment portfolio is and will continue to be recorded at fair value and, as a result, there is and will continue to be uncertainty as to the value of our portfolio investments.
- Our ability to achieve our investment objective depends on our Adviser’s ability to support our investment process; if our Adviser were to lose key personnel or they were to resign, our ability to achieve our investment objective could be significantly harmed.
- Our business model depends to a significant extent upon strong referral relationships, and the inability of the personnel associated with our Adviser to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
- We may face increasing competition for investment opportunities, which could reduce returns and result in losses.
- The incentive fee we pay to our Adviser relating to capital gains may be effectively greater than 17.5%.
- Our ability to enter into transactions with our affiliates is restricted.
- A failure on our part to maintain our qualification as a Business Development Company would significantly reduce our operating flexibility.
The other 62 risks
- Regulations governing our operation as a Business Development Company and RIC affect our ability to raise, and the way in which we raise, additional capital or borrow for investment purposes, which may have a negative effect on our growth.
- Developments in the banking sector could materially affect the success of our activities and investments.
- We are subject to risks associated with international conflicts.
- Our Board of Directors may change our investment objective, operating policies and strategies without prior notice or stockholder approval, the effects of which may be adverse.
- Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
- We are subject to risks associated with respect to sustainability matters.
- We are subject to risks associated with inflation.
- We and/or our portfolio companies may be materially and adversely impacted by global climate change.
- The market’s focus on climate change may not have a positive impact on our investments.
- We may face significant environmental liability in connection with our investments.
- Economic and trade sanctions and anti-bribery laws could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
- We may face a breach of our cyber security, which could result in adverse consequences to our operations and exposure of confidential information.
- We and our portfolio companies will be subject to regulations related to privacy, data protection and information securities, and any failure to comply with these requirements could result in fines, sanctions or other penalties, which could have a material adverse effect on our business and our reputation.
- We are subject to risks associated with artificial intelligence and machine learning technology.
- We may be unable to invest a significant portion of the net proceeds from an offering of our securities on acceptable terms within an attractive timeframe.
- We may allocate the net proceeds from an offering in ways with which you may not agree.
- Risks Relating to Conflicts of Interest
- Our base management fee may induce our Adviser to incur leverage.
- Our incentive fee may induce our Adviser to make speculative investments.
- There may be conflicts of interest related to obligations that Oaktree’s senior management and investment team have to Other Oaktree Funds.
- The Adviser may offer other investors the opportunity to participate in investments side by side with us.
- Oaktree personnel work on matters related to Other Oaktree Funds.
- We may realize different investment returns than Other Oaktree Funds.
- Risks Relating to Our Use of Leverage
- Because we borrow money, the potential for loss on amounts invested in us will be magnified and may increase the risk of investing in us.
- Substantially all of our assets are subject to security interests under our credit facility and if we default on our obligations under such facility, we may suffer adverse consequences, including foreclosure on our assets.
- We may enter into reverse repurchase agreements, which are another form of leverage.
- Risks Related to Distributions
- Because we intend to distribute at least 90% of our taxable income each taxable year to our stockholders in connection with our election to be treated as a RIC, we will continue to need additional capital to finance our growth.
- We may not be able to pay you distributions, our distributions may not grow over time and a portion of our distributions may be a return of capital.
- We will be subject to corporate-level U.S. federal income tax if we are unable to maintain our qualification as a RIC under Subchapter M of the Code or do not satisfy the Annual Distribution Requirement.
- We may have difficulty paying our required distributions if we are required to recognize income for U.S. federal income tax purposes before or without receiving cash representing such income.
- We may in the future choose to pay distributions partly in our own stock, in which case you may be subject to tax in excess of the cash you receive.
- Risks Relating to Our Investments
- Our investments in portfolio companies may be risky, and we could lose all or parts of our investments.
- We may be exposed to higher risks with respect to our investments that include OID or PIK interest.
- If we acquire the securities and obligations of distressed or bankrupt companies, such investments may be subject to significant risks, including lack of income, extraordinary expenses, uncertainty with respect to satisfaction of debt, lower-than-expected investment values or income potentials and resale restrictions.
- The lack of liquidity in our investments may adversely affect our business.
- We may not have the funds or ability to make additional investments in our portfolio companies.
- Some of our portfolio companies are highly leveraged.
- Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
- The disposition of our investments may result in contingent liabilities.
- There may be circumstances where our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
- We may be subject to risks associated with our investments in unitranche loans.
- Second priority liens on collateral securing loans that we make to our portfolio companies may be subject to control by senior creditors with first priority liens. If there is a default, the value of the collateral may not be sufficient to repay in full both the first priority creditors and us.
- If we make unsecured debt investments, we may lack adequate protection in the event our portfolio companies become distressed or insolvent and will likely experience a lower recovery than more senior debtholders in the event such portfolio companies default on their indebtedness.
- Our investments may include “covenant-lite” loans, which may give us fewer rights and subject us to greater risk of loss than loans with financial maintenance covenants.
- Our portfolio companies may prepay loans, which may reduce our yields if capital returned cannot be invested in transactions with equal or greater expected yields.
- We may incur greater risk with respect to investments we acquire through assignments or participations of interests.
- We generally do not, and do not expect to, control our portfolio companies.
- Non-performance or defaults by our portfolio companies would harm our operating results.
- Our portfolio companies may experience financial distress and our investments in such companies may be restructured.
- We may not realize gains from our equity investments.
- We are subject to certain risks associated with foreign investments.
- We may have foreign currency risks related to our investments denominated in currencies other than the U.S. dollar.
- We may expose ourselves to risks if we engage in hedging transactions.
- We are a non-diversified investment company within the meaning of the Investment Company Act, and therefore have few restrictions with respect to the proportion of our assets that may be invested in securities of a single industry or issuer.
- Our portfolio may be concentrated in a limited number of portfolio companies and industries, which will subject us to a risk of significant loss if any of these companies defaults on its obligations under any of its debt instruments or if there is a downturn in a particular industry.
- We may invest in transactions on an expedited basis.
- Risks Relating to Our Common Stock
- Shares of closed-end investment companies, including Business Development Companies, may trade at a discount to their net asset value.
- The market price of our common stock may fluctuate significantly.
- Sales of substantial amounts of our common stock in the public market may have an adverse effect on the market price of our common stock.
- Certain provisions of our restated certificate of incorporation and fourth amended and restated bylaws as well as the Delaware General Corporation Law could deter takeover attempts and have an adverse impact on the price of our common stock.
- Stockholders may incur dilution if we issue securities to subscribe to, convert to or purchase shares of our common stock.
- Example of Impact of Exercise of Subscription Right to Acquire Common Stock on Net Asset Value Per Share
- Risks Related to Our Notes
- The Notes are unsecured and therefore are effectively subordinated to any secured indebtedness we have currently incurred or may incur in the future.
Legal proceedings
We are currently not a party to any pending material legal proceedings.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARTodd Owens, Chief executive officer
- 15SEC EDGARMathew Pendo, President
- 16SEC EDGARTodd Owens, President
- 17SEC EDGARBernard D. Berman, President
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25SEC EDGARArmen Panossian, Officer
- 26
- 27SEC EDGARAshley Pak, Chief Compliance Officer
- 28SEC EDGARChristopher McKown, Officer
- 29SEC EDGAREdgar Lee, Officer
- 30
- 31
- 32
- 33
- 34
- 35SEC EDGARPhyllis Caldwell, Board member
- 36SEC EDGARDeborah Ann Gero, Board member
- 37SEC EDGARAlexander C. Frank, Board member
- 38SEC EDGARBruce Zimmerman, Board member
- 39SEC EDGARCraig Jacobson, Board member
- 40SEC EDGARJohn B. Frank, Board member
- 41SEC EDGARMarc Gamsin, Board member
- 42SEC EDGARRichard Ruben, Board member
- 43SEC EDGARSandeep K. Khorana, Board member
- 44SEC EDGARJames Castro-Blanco, Board member
- 45SEC EDGARIvelin M. Dimitrov, Board member
- 46SEC EDGARRichard P. Dutkiewicz, Board member
- 47SEC EDGARBernard D. Berman, Board member
- 48SEC EDGARAdam C. Berkman, Board member
- 49SEC EDGARBruce E. Toll, Board member
- 50SEC EDGARByron J. Haney, Board member
- 51SEC EDGARDouglas F. Ray, Board member
- 52SEC EDGARFrank C. Meyer, Board member
- 53SEC EDGAREntered a material agreement
- 54SEC EDGAREntered a material agreement
- 55SEC EDGARResults of operations
- 56SEC EDGARResults of operations
- 57SEC EDGARShareholder vote
- 58SEC EDGARResults of operations
- 59SEC EDGARResults of operations
- 60SEC EDGARExecutive or director change
- 61SEC EDGARResults of operations
- 62SEC EDGAREnded a material agreement
- 63SEC EDGAREntered a material agreement
- 64SEC EDGARResults of operations
- 65NasdaqNasdaq calendar
- 66
- 67
- 68
- 69
- 70