OCSL — what changed in the latest 10-Q
A section-by-section comparison of OCSL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-05 vs the prior 10-Q · 2026-02-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −18 | ~45 | 76 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 7 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-05
As of March 31, 2026, we held $2,766.4 million of investments at fair value, down from $2,847.8 million held at September 30, 2025, primarily driven by realized and unrealized losses during the six months ended March 31, 2026. As of March 31, 2026 and September 30, 2025, approximately 95.6% and 94.8…
Comparison of Three and Six Months ended March 31, 2026 and March 31, 2025
Total investment income for the six months ended March 31, 2026 and 2025 was $145.5 million and $164.2 million, respectively. For the six months ended March 31, 2026, this amount consisted of $139.5 million of interest income from portfolio investments (which included $7.3 million of PIK interest), …
Net expenses (i.e., expenses net of fee waivers) for the three months ended March 31, 2026 and 2025 were $36.0 million and $38.2 million, respectively. Net expenses decreased for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025, by $2.2 million, or 5.8%. Th…
Net expenses (i.e., expenses net of fee waivers) for the six months ended March 31, 2026 and 2025 were $74.4 million and $80.3 million, respectively. Net expenses decreased for the six months ended March 31, 2026, as compared to the six months ended March 31, 2025, by $5.9 million, or 7.4%. The decr…
Text removed vs the prior filing · source: 10-Q · 2026-02-04
As of December 31, 2025, we held $2,949.1 million of investments at fair value, up from $2,847.8 million held at September 30, 2025, primarily driven by purchases of investments during the three months ended December 31, 2025. As of
December 31, 2025 and September 30, 2025, approximately 95.2% and 94.8%, respectively, of our total assets represented investments at fair value.
Comparison of Three Months ended December 31, 2025 and December 31, 2024
Net expenses (i.e., expenses net of fee waivers) for the three months ended December 31, 2025 and 2024 were $38.4 million and $42.1 million, respectively. Net expenses decreased for the three months ended December 31, 2025, as compared to the three months ended December 31, 2024, by $3.7 million, or…
Net investment income for the three months ended December 31, 2025 decreased by $7.6 million compared to the three months ended December 31, 2024, as a result of the $11.6 million decrease in total investment income, partially offset by a $3.7 million decrease in net expenses and a $0.2 million decr…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice