This work predicts the evolution of self-excited thermo-acoustic instabilities in a gas turbine model combustor using large eddy simulation. The applied flow solver is fully compressible and comprises a transported sub-grid probability density function approach in conjunction with the Eulerian stochastic fields method. An unstable operating condition in the PRECCINSTA test case—known to exhibit strong flame oscillations driven by thermo-acoustic instabilities—is the chosen target configuration. Good results are obtained in a comparison of time-averaged flow statistics against available measurement data. The flame’s self-excited oscillatory behaviour is successfully captured without any external forcing. Power spectral density analysis of the oscillation reveals a dominant thermo-acoustic mode at a frequency of 300 Hz; providing remarkable agreement with previous experimental observations. Moreover, the predicted limit-cycle amplitude is found to closely match its respective measured value obtained from experiments with rigid metal combustion chamber side walls. Finally, a phase-resolved study of the oscillation cycle is carried out leading to a detailed description of the physical mechanisms that sustain the closed feedback loop.