CANYON CAPITAL ADVISORS LLC
$882M in tracked AUM across 22 positions as of Q2 2026.
Canyon Capital Advisors' Q1 2026 13F is a $772M, 19-position distressed-and-event-driven equity fund executing a broad portfolio reconstruction — cutting its largest position Seadrill Ltd ($57.4M, -$72.1M, -66.3% shares) from 17.0% to 7.4% of AUM, selling Noble Corp (-$36.8M) and Anywhere Real Estate (-$13.1M), and redeploying into nine new opens across technology (Electronic Arts $56.3M, Qorvo $48.1M, Atkore $18.0M), media (Warner Bros Discovery $24.7M), consumer (Masterbrand $14.1M), healthcare (Kenvue $12.9M, reduced $12.9M from $25.9M), real estate (Compass +$4.4M, +74.9% shares), and financial services (PennyMac $16.4M, OceanFirst $11.1M, Flushing Financial $1.4M). The fund also added to Sunrun (+$2.2M, +45.3% shares) and Compass (+$4.4M, +74.9%) while reducing Ardagh Metal Packaging (-$4.3M, -7.4%), Kenvue (-$12.9M, -50%), and Masterbrand (-$7.6M, -13.7%). At a 77.50 whaleScore on $772M with 23 total changes (9 new, 4 sold, 2 increased, 4 decreased, 4 unchanged), this is a high-turnover event-driven book whose Q1 activity signals a manager rotating out of offshore-drilling distress (Seadrill, Noble) and into what it views as undervalued, catalyst-rich names in gaming, semiconductors, media, and consumer — a classic Canyon-style 'situation' portfolio where each position is a discrete corporate event with a 12-24 month horizon.
Quarter at a glance — Q2 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q2 2026.