Howard Marks Holdings Activity

Oaktree Capital Management Portfolio 13F

Oaktree Capital Management has disclosed a total of 46 changes to the portfolio in the latest (2025 Q2) SEC report(s): increased the number of shares of 10, bought 9 totally new, decreased the number of shares of 16 and completely sold out 11 position(s).

What stocks is Howard Marks buying now?

In the recent quarter Howard Marks has bought 19 securities out of which top 5 purchases (by % change to portfolio) are (B) BARRICK MINING CORP (new buy), (BLCO) BAUSCH + LOMB CORP (new buy), (ITUB) ITAU UNIBANCO H-SPON PRF ADR (added shares +58.54%), (YMM) FULL TRUCK ALLIANCE -SPN ADR (new buy) and (LILAK) LIBERTY LATIN AMERIC-CL C (new buy).

What does Howard Marks invest in?

Howard Marks's top 5 holdings (by % of portfolio) are (TRMD) TORM PLC-A (17.26%), (CHK) CHESAPEAKE ENERGY CORP (15%), (GTX) GARRETT MOTION INC (9.82%), (STR) SITIO ROYALTIES CORP-A (6.03%) and (AU) ANGLOGOLD ASHANTI PLC (5.71%).

In the latest report(s) the following changes have been made to the top investments: (CHK) CHESAPEAKE ENERGY CORP (reduced shares -8.99%), (GTX) GARRETT MOTION INC (reduced shares -16.31%), (STR) SITIO ROYALTIES CORP-A (added shares +0.08%) and (AU) ANGLOGOLD ASHANTI PLC (reduced shares -9.46%).

Activity type

History

% change to
Portfolio

Reported
Price*

% difference
Current Price

% of
Portfolio

2025 Q2 (46 results)

BLCO

BAUSCH + LOMB CORP

buy

+2,521,245

+0.83%

$13.01

11.68% $14.53

0.83%

HDN

HUDSON TECHNOLOGY INC

buy

+562,662

+0.12%

$8.12

0.12%

YMM

FULL TRUCK ALLIANCE -SPN ADR

buy

+1,842,337

+0.55%

$11.81

8.72% $12.84

0.55%

YPF

YPF SA-SPONSORED ADR

buy

+324,330

+0.26%

$31.45

4.29% $30.10

0.26%

BTAI

BIOXCEL THERAPEUTICS INC

buy

+241,188

+0.01%

$1.81

185.08% $5.16

0.01%

BARRICK MINING CORP

buy

+3,157,686

+1.67%

$20.82

26.22% $26.28

1.67%

SEA LTD-ADR

buy

+83,513

+0.34%

$159.94

17.26% $187.55

0.34%

LILAK

LIBERTY LATIN AMERIC-CL C

buy

+2,328,516

+0.37%

$6.22

32.80% $8.26

0.37%

JBS

JBS NV-A

buy

+238,610

+0.09%

$14.61

7.12% $15.65

0.09%

ITUB

ITAU UNIBANCO H-SPON PRF ADR

+58.54%

+4,063,482

+0.70%

$6.79

1.18% $6.87

1.89%

KANZHUN LTD

+34.19%

+400,311

+0.18%

$17.84

28.36% $22.90

0.71%

BEKE

KE HOLDINGS INC-ADR

+20.58%

+258,255

+0.12%

$17.74

6.09% $18.82

0.68%

LBTYA

LIBERTY GLOBAL LTD-A

+13.99%

+1,008,001

+0.26%

$10.01

16.18% $11.63

2.08%

TERNIUM SA-SPONSORED ADR

+13.18%

+107,100

+0.08%

$30.10

11.36% $33.52

0.70%

GRAB

GRAB HOLDINGS LTD - CL A

+12.59%

+1,293,300

+0.16%

$5.03

0.40% $5.01

1.47%

ECOPETROL SA-SPONSORED ADR

+12.26%

+387,700

+0.09%

$8.85

4.29% $9.23

0.80%

TAC

TRANSALTA CORP

+8.95%

+500,000

+0.14%

$10.77

12.95% $12.16

1.66%

STR

SITIO ROYALTIES CORP-A

+0.08%

+10,431

+0.00%

$18.38

1.41% $18.12

6.03%

NOK

NOKIA CORP-SPON ADR

+0.00%

$5.18

16.22% $4.34

2.46%

TEO

TELECOM ARGENTINA SA-SP ADR

-2.40%

-65,000

-0.01%

$8.83

1.47% $8.70

0.59%

HDB

HDFC BANK LTD-ADR

-5.41%

-4,854

-0.01%

$76.67

5.03% $72.81

0.16%

VIST

VISTA OIL & GAS SAB DE CV

-5.63%

-123,000

-0.15%

$47.81

18.66% $38.89

2.50%

FCX

FREEPORT-MCMORAN INC

-8.90%

-195,033

-0.21%

$43.35

0.78% $43.69

2.19%

CHK

CHESAPEAKE ENERGY CORP

-8.99%

-500,000

-1.48%

$116.94

30.34% $81.46

15.00%

RWAY

RUNWAY GROWTH FINANCE CORP

-9.28%

-1,000,000

-0.27%

$10.73

0.75% $10.65

2.66%

ANGLOGOLD ASHANTI PLC

-9.46%

-517,114

-0.60%

$45.57

19.49% $54.45

5.71%

ALVO

ALVOTECH SA

-16.31%

-304,807

-0.07%

$9.12

8.77% $8.32

0.36%

GTX

GARRETT MOTION INC

-16.31%

-7,188,000

-1.91%

$10.51

25.69% $13.21

9.82%

CEMEX SAB-SPONS ADR PART CER

-23.45%

-4,544,697

-0.80%

$6.93

27.99% $8.87

2.60%

SBLK

STAR BULK CARRIERS CORP

-39.88%

-2,143,104

-0.94%

$17.25

11.36% $19.21

1.41%

TLN

TALEN ENERGY CORP

-59.41%

-190,000

-1.40%

$290.77

22.27% $355.53

0.96%

VALE

VALE SA-SP ADR

-66.19%

-3,981,076

-0.98%

$9.71

4.74% $10.17

0.50%

TGS

TRANSPORTADOR GAS-ADR SP B

-71.60%

-346,976

-0.23%

$25.90

0.93% $26.14

0.09%

BMA

BANCO MACRO SA-ADR

-76.74%

-199,871

-0.36%

$70.21

14.54% $60.00

0.11%

BAK

BRASKEM SA-SPON ADR

-80.67%

-1,891,125

-0.16%

$3.28

1.83% $3.22

0.04%

VCSA

VACASA INC -CL A

-100.00%

-1,375,448

-0.19%

$5.38

0.19% $5.39

0.00%

KINGSOFT CLOUD HOLDINGS-ADR

-100.00%

-1,091,853

-0.40%

$14.36

0.21% $14.33

0.00%

DAQO NEW ENERGY CORP-ADR

-100.00%

-344,819

-0.16%

$18.11

31.97% $23.90

0.00%

BIDU

BAIDU INC - SPON ADR

-100.00%

-199,684

-0.47%

$92.03

0.11% $91.93

0.00%

ZTO (Corp)

ZTO EXPRESS KY INC

-100.00%

-5,503,000

-0.14%

$1.01

0.00%

OCN

OCWEN FINANCIAL CORP COM NEW

-100.00%

-410,429

-0.34%

$32.32

22.40% $25.08

0.00%

HTHT

H WORLD GROUP LTD-ADR

-100.00%

-1,229,399

-1.15%

$37.01

3.67% $35.65

0.00%

GOLD

BARRICK GOLD CORP

-100.00%

-2,516,658

-1.24%

$19.44

8.85% $21.16

0.00%

PBR

PETROLEO BRASILEIRO-SPON ADR

-100.00%

-2,659,492

-0.97%

$14.34

14.78% $12.22

0.00%

JDCOM INC-ADR

-100.00%

-960,796

-1.00%

$41.12

22.20% $31.99

0.00%

BILI

BILIBILI INC-SPONSORED ADR

-100.00%

-1,925,797

-0.93%

$19.11

21.66% $23.25

0.00%

46 of 3,177

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Shares, change to shares, sold shares - split-adjusted.

Reported price - this doesn't represent the actual buy or sell price.
It is the split-adjusted price of the security as of the last day of the reported period.

Value or Price - If the security is completely sold out, we show the reported value (or price) prior to the actual period.