Oaktree, Brookfield update Onity Group (ONIT) ownership to under 5%

Rhea-AI Filing Summary

Oaktree-affiliated entities report reduced ownership in Onity Group Inc. They disclose beneficial ownership of 390,836 shares of common stock, representing 4.8% of the class, based on 8,058,874 shares outstanding as of November 3, 2025. Opps OCW Holdings, LLC and ROF8 OCW MAV PT, LLC each directly hold 195,418 shares, or 2.4% of the class.

Brookfield Corporation and Partners Trust now report beneficial ownership of 0% and state they no longer act together with the Oaktree reporting persons. All reporting persons certify that the securities are not held for the purpose of changing or influencing control of Onity Group.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

ONITY GROUP INC.

(Name of Issuer)

Common Stock, $0.01, par value per share

(Title of Class of Securities)

675746309

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 675746309

1

Names of Reporting Persons

Opps OCW Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 195,418.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 195,418.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

195,418.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based upon 8,058,874 shares of common stock ("Common Shares") outstanding as of November 3, 2025, as reported in the Issuer's Form 10-Q filed November 6, 2025 (the "Form 10-Q").

SCHEDULE 13G

CUSIP No. 675746309

1

Names of Reporting Persons

ROF8 OCW MAV PT, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 195,418.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 195,418.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

195,418.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based upon 8,058,874 Common Shares outstanding as of November 3, 2025, as reported in the Issuer's Form 10-Q.

SCHEDULE 13G

CUSIP No. 675746309

1

Names of Reporting Persons

Oaktree Capital Group, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 390,836.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 390,836.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

390,836.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based upon 8,058,874 Common Shares outstanding as of November 3, 2025, as reported in the Issuer's Form 10-Q.

SCHEDULE 13G

CUSIP No. 675746309

1

Names of Reporting Persons

Oaktree Capital Group Holdings GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 390,836.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 390,836.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

390,836.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based upon 8,058,874 Common Shares outstanding as of November 3, 2025, as reported in the Issuer's Form 10-Q.

SCHEDULE 13G

CUSIP No. 675746309

1

Names of Reporting Persons

Brookfield Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reporting person which previously reported together with the Oaktree Reporting Persons (as defined herein), has been determined to no longer act together with the Oaktree Reporting Persons, and therefore has ceased to be the beneficial owner of any securities covered by this statement.

SCHEDULE 13G

CUSIP No. 675746309

1

Names of Reporting Persons

BAM Partners Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reporting person which previously reported together with the Oaktree Reporting Persons, has been determined to no longer act together with the Oaktree Reporting Persons, and therefore has ceased to be the beneficial owner of any securities covered by this Statement.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ONITY GROUP INC.
(b)	Address of issuer's principal executive offices: 1661 Worthington Road, Suite 100 West Palm Beach, Florida 33409
Item 2.
(a)	Name of person filing: This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Opps OCW Holdings, LLC ("Opps OCW Holdings"); (ii) ROF8 OCW MAV PT, LLC ("ROF8"); (iii) Oaktree Capital Group, LLC ("OCG"), in its capacity as an indirect manager of Opps OCW Holdings and ROF8; (iv) Oaktree Capital Group Holdings GP, LLC ("OCGH GP, and together with each of the foregoing, the "Oaktree Reporting Persons"), in its capacity as the indirect owner of the class B units of OCG; (v) Brookfield Corporation ("Brookfield"), in its capacity as the indirect owner of the class A units of OCG; and (vi) BAM Partners Trust ("BAM Partnership," and together with Brookfield, the "Brookfield Reporting Persons"), in its capacity as the sole owner of Class B Limited Voting Shares of Brookfield.
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Oaktree Reporting Persons is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071. The principal business address of each of the Brookfield Reporting Persons is Brookfield Place, 181 Bay Street, Suite 100, Toronto, Ontario, Canada M5J 2T3.
(c)	Citizenship: See responses to Item 4 on each cover page.
(d)	Title of class of securities: Common Stock, $0.01, par value per share
(e)	CUSIP No.: 675746309
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See responses to Item 9 on each cover page. Such amounts represent the securities beneficially owned as of the date of this statement, which give effect to certain dispositions by the Reporting Persons after December 31, 2025. Opps OCW Holdings directly holds 195,418 Common Shares and ROF8 directly holds 195,418 Common Shares. OCG is the indirect manager of each of Opps OCW Holdings and ROF8, OCGH GP is the indirect owner of class B units of OCG, Brookfield is the indirect owner of class A units of OCG, and BAM Partnership is the sole owner of Class B Limited Voting Shares of Brookfield; in such capacities, each of OCG, OCGH GP, Brookfield, and BAM Partnership may be deemed to beneficially own the reported securities. Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing this statement shall not be construed as an admission that any of the Reporting Persons are, for the purposes of Section 13(d) and/or Section 13(g) of the Act, the beneficial owner of any securities covered by this statement, and such beneficial ownership is expressly disclaimed by the Reporting Persons.
(b)	Percent of class: See responses to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Opps OCW Holdings, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	01/28/2026

ROF8 OCW MAV PT, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	01/28/2026

Oaktree Capital Group, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	01/28/2026

Oaktree Capital Group Holdings GP, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	01/28/2026

Brookfield Corporation

Signature:	/s/ Swati Mandava
Name/Title:	Swati Mandava / Managing Director, Legal & Regulatory
Date:	01/28/2026

BAM Partners Trust

Signature:	/s/ Kathy Sarpash
Name/Title:	Kathy Sarpash / Secretary
Date:	01/28/2026

Comments accompanying signature: OPPS OCW HOLDINGS, LLC, By: Oaktree Fund GP, LLC, Its: Manager. ROF8 OCW MAV PT, LLC, By: Oaktree Fund GP, LLC, Its: Manager. BAM PARTNERS TRUST, By: BAM Class B Partners Inc., Its: Trustee.

Exhibit Information

Exhibit A Joint Filing Agreement, dated as of February 14, 2024, incorporated herein by reference.

FAQ

What percentage of Onity Group (ONIT) does Oaktree currently report owning?

Oaktree-related entities report beneficial ownership of 4.8% of Onity Group. They collectively hold 390,836 common shares, calculated against 8,058,874 shares outstanding as of November 3, 2025, as disclosed in the company’s Form 10-Q.

How many Onity Group shares do Opps OCW Holdings and ROF8 OCW MAV PT each hold?

Opps OCW Holdings and ROF8 OCW MAV PT each directly hold 195,418 shares. For each entity, this represents 2.4% of Onity Group’s common stock, based on 8,058,874 shares outstanding as of November 3, 2025.

What change is disclosed for Brookfield Corporation’s ownership in Onity Group (ONIT)?

Brookfield Corporation now reports beneficial ownership of 0% of Onity Group. The filing states Brookfield has been determined to no longer act together with the Oaktree reporting persons and therefore has ceased to be a beneficial owner of the securities covered.

What does Partners Trust report regarding its Onity Group (ONIT) holdings?

Partners Trust reports beneficial ownership of 0% of Onity Group. It previously reported together with the Oaktree entities but is now determined to no longer act with them, and is deemed to have ceased beneficial ownership of the securities reported in this statement.

On what share count is the 4.8% Onity Group ownership figure based?

The 4.8% ownership figure is based on 8,058,874 common shares outstanding. This outstanding share count is taken from Onity Group’s Form 10-Q, which reported 8,058,874 common shares outstanding as of November 3, 2025.

Are the Oaktree and Brookfield reporting persons seeking to influence control of Onity Group?

The reporting persons state they are not seeking to change or influence control. They certify that the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Onity Group, subject to the stated nomination-related exception.