HIGHBuilt-inProduct / Revenue mix
73.1%
first lien debt investments
“10-K Item 1: 'based on fair value, our portfolio consisted of 73.1% first lien debt investments'”
OBDC · Concentration risk · 10-K extracted
Blue Owl Capital (OBDC) concentration risks
Updated
The most significant concentration Blue Owl Capital discloses is first lien debt investments at 73.1%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Blue Owl Capital’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inLoan_portfolio
11.1%
internet software and services
“10-K Item 1: 'The largest industry in our portfolio as of December 31, 2025 was internet software and services, which represented, 11.1% of our total portfolio, based on fair value.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a high-share product-type concentration and a small sector exposure. The most significant disclosure is that 73.1% of the portfolio, based on fair value, consists of first lien debt investments. By disclosed size this is a high-share structural concentration, and the character is structural — the focus on first lien positions reflects a deliberate investment mandate to prioritize capital preservation through senior secured claims rather than a temporary allocation drift. This is a common and intentional positioning for business development companies targeting income with downside protection, but it means the portfolio's risk-return profile is fully tethered to the performance of leveraged lending and the health of private credit markets broadly. Within that first lien book, the single largest industry sector is internet software and services, which represented 11.1% of the total portfolio based on fair value as of December 31, 2025 — a low-share sector concentration. At that level, no individual industry creates a dominant idiosyncratic exposure, though internet software and services companies are often growth-oriented borrowers that can carry elevated credit sensitivity in a tightening environment. Together, the profile is characterized by a high-share concentration in one debt instrument type — first lien — with manageable sector diversification underneath it. The primary monitoring variable is credit performance across the first lien portfolio, particularly default rates and recovery values in private credit markets.
For the engine’s reasoning on OBDC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Asset Management
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAMI | Acadian Asset Management Inc. | 1 | 2 | 1 | 4 |
| OBDC● | Blue Owl Capital Corporation | 1 | 0 | 1 | 2 |
| APAM | Artisan Partners Asset Manageme | 0 | 1 | 2 | 3 |
| AMP | Ameriprise Financial, Inc. | 0 | 1 | 0 | 1 |
| AB | AllianceBernstein Holding L.P. | 0 | 0 | 1 | 1 |
| AMG | Affiliated Managers Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.