Oaktree Capital Sells $224M in Garrett Motion Stock, Reduces Stake Below 5%
GTX has more than doubled off its 52-week low of $9.57.
Summary
Oaktree Capital, a major institutional investor, sold 7 million shares of Garrett Motion stock for $224 million, reducing its ownership stake below 5% and signaling a significant reduction in its position.
Key Events · Ownership and Investor Activity · GTX
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Major Stake Reduction
Oaktree Capital sold 7,000,000 shares of Garrett Motion common stock on May 21, 2026.
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Significant Proceeds
The sale was executed at $32.00 per share, generating $224 million in proceeds for Oaktree Capital.
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Below 5% Ownership
Following the sale, Oaktree Capital's beneficial ownership decreased to 4.06% of outstanding shares, falling below the 5% reporting threshold.
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Exit Filing
This Schedule 13D/A serves as an exit filing for Oaktree Capital, indicating a substantial reduction in its investment and a shift from its previous activist position.
Analysis · GTX · Manufacturing
Oaktree Capital, a significant institutional investor, has substantially reduced its stake in Garrett Motion by selling 7 million shares for $224 million. This transaction brings their ownership below the 5% threshold, marking a significant reduction in their involvement with the company. The sale, occurring while the stock trades near its 52-week high, suggests Oaktree is locking in profits. This move by a major holder could be interpreted negatively by the market, potentially creating selling pressure and raising questions about the long-term conviction of institutional investors.
At the time of this filing, GTX was trading at $33.29 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $9.57 to $34.34. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.