Oaktree Capital Management appears to have cut its stake in diversified shipowner Capital Product Partners.

In a filing with the Securities and Exchange Commission (SEC), the fund reveals ownership of a 4.2% slice, which equals around 5.4m shares.

According to Capital’s annual report for 2014, Oaktree and other affiliated funds were in control of 5.7% of the company.

The company saw fourth quarter and full year 2015 profit rise thanks to a strong tanker market.

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