Howard Marks' Oaktree Capital Management returned to Sea Ltd (SE) in 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026: 635K shares worth about $60.9M at June 30, 2026, 1.15% of the portfolio. The fund had sold out of the name in 2025 Q4. SE enters the book as the 17th largest of 51 stock positions.
What did the 2026 Q2 filing report for SE?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Value | |
|---|---|
| Shares | 635K |
| Reported value | $60.9M |
| Portfolio weight | 1.15% |
| Rank in portfolio | 17th of 51 |
| Sold out in | 2025 Q4 |
| Out for | 2 quarters |
How big is the returning SE position?
Howard Marks opened 10 stock positions in 2026 Q2; SE is the largest of them by weight. An average stock position in the Howard Marks portfolio is 1% of the reported value, so the new name starts at about the fund's typical size.
Where does SE sit in the Howard Marks portfolio?
SE ranks 17th of 51 stock positions in the Howard Marks portfolio at 1.15%, about the fund's average stock position of 1%. The largest stock position is TRMD at 9.87%. Next come EXE at 8.99% and GTX at 5.18%. The three largest stocks together are 24.05% of the book. The SE purchase was the 9th largest of the quarter's 47 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Howard Marks reported 51 stock positions, with 10 opened and 11 closed. The total portfolio value is about $5.3B, down 10% from the prior quarter.
When did Howard Marks hold SE before?
Howard Marks held SE before. The fund first reported the name in the quarter ended June 30, 2025, sold out in 2025 Q4 and is back after 2 quarters out. The new stake is already larger than any weight the fund reported for the name before. Every reported trade is on the Howard Marks SE trade history page.
Did other funds buy or sell SE in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 4 hold SE. Of those, one opened it this quarter. The largest buyers of SE this quarter were Ole Andreas Halvorsen and Stephen Mandel. The largest sellers were Chase Coleman III and Polen Capital Management. Every tracked holder of SE is on the SE ownership page.
FAQ
How many SE shares does Howard Marks hold?
Howard Marks holds 635K shares of SE as of June 30, 2026, worth about $60.9M.
What is SE's weight in the Howard Marks portfolio?
SE is 1.15% of the Howard Marks portfolio and ranks 17th of 51 stocks by weight.
Has Howard Marks owned SE before?
Yes. Howard Marks held SE before. The fund first reported the name in the quarter ended June 30, 2025, sold out in 2025 Q4 and is back after 2 quarters out.
How many other tracked funds hold SE?
4 other tracked funds that had filed for 2026 Q2 hold SE. One of them opened it this quarter.