<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/npx">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000949509</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <periodOfReport>06/30/2026</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>OAKTREE CAPITAL MANAGEMENT LP</name>
        <phoneNumber>2138306315</phoneNumber>
        <address>
          <com:street1>333 South Grand Avenue</com:street1>
          <com:street2>28th Floor</com:street2>
          <com:city>Los Angeles</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>90071</com:zipCode>
        </address>
      </reportingPerson>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER COMBINATION REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>028-05050</fileNumber>
      <reportingCrdNumber>000106793</reportingCrdNumber>
      <reportingSecFileNumber>801-48923</reportingSecFileNumber>
      <leiNumber>JOAJT0QKF9HWVYTX5K56</leiNumber>
      <otherManagersInfo>
        <otherManager>
          <icaOr13FFileNumber>028-17875</icaOr13FFileNumber>
          <managerName>Hartree Partners, LP </managerName>
        </otherManager>
        <otherManager>
          <icaOr13FFileNumber>028-17598</icaOr13FFileNumber>
          <managerName>Russell Investments Group, Ltd. </managerName>
        </otherManager>
      </otherManagersInfo>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>2</otherIncludedManagersCount>
      <otherManagers2>
        <investmentManagers>
          <serialNo>1</serialNo>
          <form13FFileNumber>028-14349</form13FFileNumber>
          <name>BROOKFIELD Corp /ON/ </name>
        </investmentManagers>
        <investmentManagers>
          <serialNo>2</serialNo>
          <form13FFileNumber>028-20007</form13FFileNumber>
          <name>Oaktree Capital Holdings, LLC </name>
        </investmentManagers>
      </otherManagers2>
    </summaryPage>
    <signaturePage>
      <reportingPerson>OAKTREE CAPITAL MANAGEMENT LP</reportingPerson>
      <txSignature>Andy Hottovy</txSignature>
      <txPrintedSignature>Andy Hottovy</txPrintedSignature>
      <txTitle>Managing Director</txTitle>
      <txAsOfDate>08/26/2026</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>