<?xml version="1.0" encoding="UTF-8"?><!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com --><!-- Created: Mon Aug 10 20:15:39 UTC 2026 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:common="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000949509</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock, $0.01 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000709283</issuerCik>
        <issuerName>Quantum Corporation</issuerName>
        <issuerCusips>
          <issuerCusipNumber>747906600</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <common:street1>10770 E. Briarwood Avenue</common:street1>
          <common:city>Centennial</common:city>
          <common:stateOrCountry>CO</common:stateOrCountry>
          <common:zipCode>80112</common:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Oaktree Capital Management LP</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>2011678</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>2011678</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2011678</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>5.11</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>The reported percentage is calculated based on 39,374,500 shares of common stock ("Common Stock") outstanding as of June 24, 2026, as reported on the Issuer's 10-K filed with the Securities and Exchange Commission on June 25, 2026.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Quantum Corporation</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>10770 E. Briarwood Avenue, Centennial, CO 80112</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Statement is filed by Oaktree Capital Management LP, referred to herein as the "Reporting Person."</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>333 S. Grand Ave., 28th Floor, Los Angeles, CA 90071</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See response to row 4 on the cover page hereto.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See response to row 9 on the cover page hereto.

The reported securities are directly held by the following funds and accounts, each managed by the Reporting Person: (i) Oaktree Value Opportunities Fund Holdings, L.P.; (ii) Oaktree London Liquid Value Opportunities Fund (VOF), L.P.; and (iii) Boston Patriot Arlington St LLC.

The filing of this Statement shall not be deemed an admission of beneficial ownership by the Reporting Person for purposes of Section 13(d) or 13(g) or for any other purpose.</amountBeneficiallyOwned>
        <classPercent>See response to row 11 on the cover page hereto.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See response to row 5 on the cover page hereto.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See response to row 6 on the cover page hereto.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See response to row 7 on the cover page hereto.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See response to row 8 on the cover page hereto.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Oaktree Capital Management LP</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Henry Orren</signature>
        <title>Henry Orren / Managing Director</title>
        <date>08/10/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
