📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Blue Owl Capital Inc. operates as an alternative asset manager in the United States.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding OWL

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	6.07M	$55.4M	0.09%	Mar 2026
Steve Cohen Point72 Asset Management	3.66M	$33.4M	0.04%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used emphatic language such as 'remarkable fundraising', 'incredible start', 'best risk-reward setup we've seen in our careers', and 'hitting on all cylinders'. Specific numbers were provided for capital raised ($14B), FRE growth (23% YoY), and deployment figures, reinforcing a confident and data-backed tone.

Q3 2025

Confident Specific

Management used specific data (13 bps avg realized loss, $57B last-12-month raise, 18th consecutive quarter of mgmt fee growth) and directly refuted credit concerns with statements like 'no exposure to Tricolor or First Brands' and 'credit quality remains very strong'. Tone was assertive about execution and positioning.

Q4 2025

Confident Specific

Management repeatedly uses factual data (record fundraising, low loss rates, strong portfolio growth) and directly addresses concerns without evasion. Phrases like 'facts matter', 'we don't have red flags', and 'strong risk-adjusted performance' dominate, with no hedging or defensive language on key topics.

Q1 2026 latest

Confident Specific

Management repeatedly stresses strong performance metrics (13% revenue growth, 14% FRE growth), uses phrases like 'portfolios remain strong', 'fundamental performance remains strong', and provides detailed factual rebuttals to industry concerns.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Management provided detailed, data-driven responses to key concerns around BDC redemptions, portfolio quality, and performance. The diversification narrative is compelling – with only 37% of AUM in direct lending, the firm is less dependent on that single product. Strong performance across credit, real assets, and GP stakes demonstrates resilience. The wide spreads and higher rates are positioned as tailwinds for deployment. Risks remain: software LTVs have moved from low 30s to low 40s, and the macro/geopolitical backdrop is uncertain. Next quarter, watch for: actual deployment pace in credit vs. repayments, BDC inflow/redemption trends, and any movement in watchlist or non-accruals. Overall, the thesis is unchanged to slightly stronger due to demonstrated stability and diversified growth.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Blue Owl raised $11B in Q1 2026, FRE up 14% YoY

Revenue & Profitability

Fee-related earnings were $0.25 per share, distributable earnings $0.19 per share, and a dividend of $0.23 per share was declared. Management fees rose 13% year-over-year. AUM not yet paying fees totals $30 billion, representing approximately $350 million of expected annual management fees once deployed.

Outlook

Management expects volatility to favor patient capital and private markets, with spreads widening by at least 50 basis points. The M&A environment remains tepid but pipelines are robust in real assets and GP Stakes. Institutional investors are returning to credit, and the firm is cautiously optimistic about fundraising across diversified products.

Growth Drivers

Key growth levers include new strategies such as GP-led secondaries (BOSE), alternative credit (ASOF IX), digital infrastructure (BODI 4), and net lease Europe. Non-U.S. institutional investors are increasing. Private wealth flows are shifting to real assets, GP Stakes, and alternative credit, with 70% of flows from these strategies in Q1. Digital infrastructure pipeline exceeds $100 billion.

Balance Sheet & CapEx

Digital infrastructure and net lease pipelines are at all-time highs: $100 billion and $50 billion respectively. Hyperscaler CapEx is approximately $700 billion. Deployment in real assets increased more than 100% year-over-year to $20 billion over the last twelve months. The firm expects to fully draw down Net Lease Fund VI by summer 2026.

Margins

FRE margin expanded to 58.4% in Q1 2026 versus 58.3% for full-year 2025. Management reaffirmed the target of 58.5% for 2026 through disciplined expense management. Stock-based compensation guidance remains at $365 million. The business combination line winds down to zero by year-end 2026.

Key Risks

Risks include elevated redemption requests in non-traded BDCs (net outflows of $170 million, less than 6 bps of AUM), geopolitical uncertainty, interest rate volatility, and a potential software maturity wall in 2028-2029. Loan-to-values in software lending rose from low 30s to low 40s. Management notes credit losses are possible but historically low at 12 bps average annual loss rate.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-30

Q2 2026 saw 9% year-over-year growth in distributable earnings, strong fee-related earnings, and robust capital raising, especially in real assets and alternative credit. Management expects to exceed 2026 guidance, with continued margin improvement and strong institutional fundraising ahead.

Q1 2026 Q1 2026 2026-04-30

Revenues, FRE, and DE all posted double-digit year-over-year growth, with $11B raised in Q1 and strong diversification across platforms. Institutional and private wealth channels drove inflows, while disciplined expense management supports margin targets and dividend commitments.

Q4 2025 Q4 2025 2026-02-05

Record fundraising and strong investment performance drove growth in 2025, with fee-related earnings and margins exceeding guidance. Diversification across strategies and channels, robust liquidity, and disciplined expense management position the firm for continued expansion in 2026.

Q3 2025 Q3 2025 2025-10-30

Strong Q3 2025 results featured record fundraising, robust fee growth, and high credit quality, with significant momentum in digital infrastructure and alternative credit. Management expects continued margin expansion and 20%+ annual growth in key metrics into 2026 and 2027.

Q2 2025 Q2 2025 2025-07-31

Record fundraising and fee growth drove strong Q2 results, with robust performance across alternative credit, digital infrastructure, and real estate. Integration of recent acquisitions is delivering synergies, and the firm remains on track for long-term FRE and management fee targets.

📊 Analysis Methodology

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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