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Oaktree Capital Management LP Howard Marks

Los Angeles, CA 28 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $7.2B
  • 49 holdings
  • 2026 Q2
  • +14.7% QoQ
  • Top 5 24.8%

Portfolio

2026 Q2, filed 8/13/2026, top 12 of 49 holdings

Top 5 24.8%, top 10 34.9%

  1. TRMD, Torm 7.3%
  2. EXE, Expand Energy 6.6%
  3. GTX, Garrett Motion 3.8%
  4. AU, Anglogold Ashanti 3.6%
  5. INDV, Indivior Pharmaceuticals 3.5%
  6. TDS, Telephone And Data Systems 2.7%
  7. VNOM, Viper Energy 2.2%
  8. CORZ, Core Scientific 1.8%
  9. TLN, Talen Energy 1.8%
  10. B 1.6%
  11. ITUB, Itau Unibanco 1.4%
  12. LBTYA, Liberty Global 1.3%
  13. Other 62.4%

AUM over time

2026 Q2 $7.2B +14.7% QoQ
2021 Q3: $6.9B 2021 Q3: $6.9B
Q3 2021
2021 Q4: $8.8B, +27.3% QoQ 2021 Q4: $8.8B, +27.3% QoQ
Q4
2022 Q1: $9.6B, +9.3% QoQ 2022 Q1: $9.6B, +9.3% QoQ
Q1 2022
2022 Q2: $8.6B, −10.2% QoQ 2022 Q2: $8.6B, −10.2% QoQ
Q2
2022 Q3: $9.1B, +5.8% QoQ 2022 Q3: $9.1B, +5.8% QoQ
Q3
2022 Q4: $9.5B, +4.4% QoQ 2022 Q4: $9.5B, +4.4% QoQ
Q4
2023 Q1: $9.1B, −4.3% QoQ 2023 Q1: $9.1B, −4.3% QoQ
Q1 2023
2023 Q2: $7.6B, −16.6% QoQ 2023 Q2: $7.6B, −16.6% QoQ
Q2
2023 Q3: $6.9B, −9.3% QoQ 2023 Q3: $6.9B, −9.3% QoQ
Q3
2023 Q4: $6.9B, −0.1% QoQ 2023 Q4: $6.9B, −0.1% QoQ
Q4
2024 Q1: $6.4B, −7.6% QoQ 2024 Q1: $6.4B, −7.6% QoQ
Q1 2024
2024 Q2: $6.3B, −1.0% QoQ 2024 Q2: $6.3B, −1.0% QoQ
Q2
2024 Q3: $6.2B, −0.9% QoQ 2024 Q3: $6.2B, −0.9% QoQ
Q3
2024 Q4: $5.6B, −9.7% QoQ 2024 Q4: $5.6B, −9.7% QoQ
Q4
2025 Q1: $5.2B, −8.3% QoQ 2025 Q1: $5.2B, −8.3% QoQ
Q1 2025
2025 Q2: $5.8B, +12.5% QoQ 2025 Q2: $5.8B, +12.5% QoQ
Q2
2025 Q3: $6.5B, +11.6% QoQ 2025 Q3: $6.5B, +11.6% QoQ
Q3
2025 Q4: $7B, +8.3% QoQ 2025 Q4: $7B, +8.3% QoQ
Q4
2026 Q1: $6.3B, −10.6% QoQ 2026 Q1: $6.3B, −10.6% QoQ
Q1 2026
2026 Q2: $7.2B, +14.7% QoQ 2026 Q2: $7.2B, +14.7% QoQ
Q2

Book

2023 Q4 2023 Q3, filed 13 Feb, long equity only

Download CSV Download Excel All activity
TRMD, Torm 22.43% Reduce −5.2% 51,006,538 $30.26 $1.5B −2,806,450 +$82M
EXE, Chesapeake Energy 7.83% Hold 7,000,067 $76.94 $539M — —
GTX, Garrett Motion 6.19% Hold 44,082,816 $9.67 $426M — —
Sitio Royalties 4.42% Hold 12,935,120 $23.51 $304M — —
RWAY, Runway Growth Finance 3.02%, was 3.92% Reduce −21.7% 16,492,167 $12.62 $208M −4,562,500 −$62M
VALE, Vale SA 2.17%, was 1.69% Add +8.1% 9,399,887 $15.86 $149M +705,520 +$33M
NMIH, Nmi 2.02% Reduce −4.4% 4,682,823 $29.68 $139M −217,177 +$6.2M
SBLK, Star Bulk Carriers 1.89%, was 4.49% Reduce −62.0% 6,107,983 $21.26 $130M −9,959,500 −$180M
FCX, Freeport-McMoRan 1.80%, was 1.46% Add +7.8% 2,917,913 $42.57 $124M +211,608 +$23M
BBD, Banco Bradesco 1.75%, was 1.31% Add +8.2% 34,330,544 $3.50 $120M +2,588,418 +$30M
Infinera 1.74% Hold 25,175,384 $4.75 $120M — —
STKL, Sunopta 1.65% Hold 20,726,126 $5.47 $113M — —
AU, Anglogold Ashanti 1.60%, was 1.24% Add +8.2% 5,874,951 $18.69 $110M +446,132 +$24M
CX, Cemex Sab De CV 1.58% Hold 13,989,032 $7.75 $108M — —
CBL, CBL & Associates Properties 1.42%, was 1.21% Add +0.7% 4,012,257 $24.42 $98M +28,291 +$14M
PBR, Petroleo Brasileiro 1.11%, was 1.35% Reduce −23.3% 4,766,605 $15.97 $76M −1,444,238 −$17M
KRC, Kilroy Realty 1.07% Hold 1,850,011 $39.84 $74M — —
IBN, Icici Bank 1.05%, was 0.94% Add +8.6% 3,032,869 $23.84 $72M +240,411 +$7.7M
VIST, Vista Energy Sab De CV 1.03%, was 1.27% Reduce −16.9% 2,396,714 $29.51 $71M −487,960 −$17M
ITUB, Itau Unibanco 0.93%, was 0.66% Add +9.0% 9,174,072 $6.95 $64M +761,034 +$19M
INFY, Infosys 0.92%, was 0.95% Reduce −9.3% 3,453,979 $18.38 $63M −355,108 −$1.7M
JD, JD.com 0.91%, was 0.72% Add +27.3% 2,172,898 $28.89 $63M +465,988 +$13M
ALVO, Alvotech 0.91%, was 0.67% Add +8.1% 5,450,896 $11.48 $63M +407,391 +$17M
FTAI, Ftai Aviation 0.79%, was 0.93% Reduce −35.6% 1,167,061 $46.40 $54M −644,472 −$10M
LBTYA, Liberty Global 0.71% New 2,731,000 $17.77 $49M +2,731,000 +$49M
AMX, America Movil Sab De CV 0.62% New 2,298,858 $18.52 $43M +2,298,858 +$43M
TX, Ternium 0.59%, was 0.52% Add +7.4% 958,237 $42.47 $41M +66,082 +$5.1M
OCSL, Oaktree Specialty Lending 0.55% Hold 1,852,456 $20.42 $38M — —
HTHT, H World Group 0.53% New 1,090,795 $33.44 $36M +1,090,795 +$36M
BATL, Battalion Oil 0.42% Hold 3,009,912 $9.61 $29M — —
Berry 0.38% Hold 3,697,000 $7.03 $26M — —
SMRT, Smartrent 0.35% Hold 7,505,294 $3.19 $24M — —
MGA, Magnachip Semiconductor 0.31% Hold 2,849,858 $7.50 $21M — —
Holding 0.29% Reduce −18.6% 1,328,574 $15.09 $20M −302,664 +$3.4M
UNIT, Uniti Group 0.29% Hold 3,397,592 $5.78 $20M — —
Tpi Composites 0.28%, was 0.03% Add +556.5% 4,600,642 $4.14 $19M +3,899,903 +$17M
TEO, Telecom Argentina 0.25%, was 0.17% Add +0.4% 2,454,156 $7.15 $18M +10,000 +$5.8M
Mgic Investment 0.24%, was 0.29% Reduce −27.8% 866,000 $19.29 $17M −334,000 −$3.3M
Azul 0.22% Hold 1,580,850 $9.69 $15M — —
Star 0.22% Hold 1,000,000 $14.98 $15M — —
Pampa Energia 0.21%, was 0.25% Reduce −36.9% 287,475 $49.52 $14M −168,309 −$2.8M
Ocwen Financial 0.20% Hold 451,029 $30.76 $14M — —
BHC, Bausch Health Companies 0.15% Hold 1,300,000 $8.02 $10M — —
HTZ, Hertz Global 0.15% Hold 1,000,000 $10.39 $10M — —
HIMS, Hims & Hers Health 0.14% Hold 1,053,214 $8.90 $9.4M — —
BABA, Alibaba 0.14% New 120,271 $77.51 $9.3M +120,271 +$9.3M
LBRDA, Liberty Broadband 0.10% Hold 86,999 $80.59 $7M — —
Pono Capital Three 0.09%, was 0.05% Add +76.2% 555,000 $10.62 $5.9M +240,000 +$2.6M
Fintech Ecosystem Development 0.07% Hold 450,000 $10.79 $4.9M — —
HNR Acquisition 0.07% Hold 425,000 $10.95 $4.7M — —

Showing top 50 of 63 by value

Exits / last held

Gone since 2023 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
VST, Vistra 4.33% Exit 0 $33.18 $299M −9,000,000 −$299M
Frontier Communications Parent 0.64% Exit 0 $15.65 $44M −2,800,846 −$44M
DQ, Daqo New Energy 0.59% Exit 0 $30.27 $41M −1,350,410 −$41M
SQM 0.54% Exit 0 $59.67 $37M −621,630 −$37M
BAP, Credicorp 0.54% Exit 0 $127.97 $37M −289,825 −$37M
LBTYA, Liberty Global 0.48% Exit 0 $17.12 $33M −1,946,000 −$33M
DBD, Diebold Nixdorf 0.16% Exit 0 $18.94 $11M −590,774 −$11M
JFR 0.14% Exit 0 $8.21 $9.8M −1,192,691 −$9.8M
M, Macys 0.09% Exit 0 $11.61 $6.2M −530,675 −$6.2M
Apollo Senior Floating Rate Fund 0.07% Exit 0 $13.44 $4.9M −367,821 −$4.9M
ETN, Eaton 0.06% Exit 0 $12.31 $4.3M −349,427 −$4.3M
Holding 0.06% Exit 0 $5.06 $4.1M −811,208 −$4.1M
RSVR, Reservoir Media 0.05% Exit 0 $6.10 $3.5M −576,518 −$3.5M
ETN, Eaton 0.04% Exit 0 $12.11 $3M −245,996 −$3M
Alphatime Acquisition 0.04% Exit 0 $10.56 $2.6M −250,000 −$2.6M
Alphavest Acquisition 0.02% Exit 0 $10.57 $1.6M −150,000 −$1.6M
Distoken Acquisition 0.02% Exit 0 $10.49 $1.3M −125,000 −$1.3M

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2023 Q3. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 145 $7.2B +14.7% 13F-HR 8/13/2026 000094950926000005
2026 Q1 147 $6.6B — RESTATEMENT 5/20/2026 000094950926000004
2026 Q1 142 $6.5B — RESTATEMENT 5/19/2026 000094950926000003
2026 Q1 142 $6.3B −10.6% 13F-HR 5/15/2026 000094950926000002
2025 Q4 172 $7B +8.3% 13F-HR 2/17/2026 000094950926000001
2025 Q3 165 $6.5B +11.6% 13F-HR 11/13/2025 000094950925000007
2025 Q2 178 $5.8B +12.5% 13F-HR 8/13/2025 000094950925000004
2025 Q1 168 $5.2B −8.3% 13F-HR 5/15/2025 000094950925000002
2024 Q4 165 $5.6B −9.7% 13F-HR 2/12/2025 000179078725000003
2024 Q3 168 $6.2B −0.9% 13F-HR 11/14/2024 000094950924000009
2024 Q2 152 $6.3B −1.0% 13F-HR 8/14/2024 000094950924000007
2024 Q1 169 $6.4B −7.6% 13F-HR 5/14/2024 000094950924000004
2023 Q4 188 $6.9B −0.1% 13F-HR 2/13/2024 000094950924000001
2023 Q3 202 $6.9B −9.3% 13F-HR 11/13/2023 000179078723000010
2023 Q2 238 $7.6B −16.6% 13F-HR 8/14/2023 000179078723000005
2023 Q1 301 $9B — RESTATEMENT 8/25/2023 000094950923000012
2023 Q1 301 $9.1B −4.3% 13F-HR 5/15/2023 000094950923000010
2022 Q4 345 $9.5B — RESTATEMENT 4/21/2023 000094950923000007
2022 Q4 345 $9.5B +4.4% 13F-HR 2/14/2023 000094950923000005
2022 Q3 380 $9.1B +5.8% 13F-HR 11/14/2022 000094950922000007
2022 Q2 382 $8.6B −10.2% 13F-HR 8/15/2022 000094950922000006
2022 Q1 363 $9.6B +9.3% 13F-HR 5/16/2022 000094950922000003
2021 Q4 1 $365M — new holds 2/16/2022 000094950922000002
2021 Q4 371 $8.8B +27.3% 13F-HR 2/14/2022 000094950922000001
2021 Q3 2 $33M — new holds 12/14/2021 000094950921000024
2021 Q3 2 $178M — new holds 11/16/2021 000094950921000022
2021 Q3 1 $60M — new holds 11/16/2021 000094950921000023
2021 Q3 261 $6.9B — 13F-HR 11/15/2021 000094950921000021

About

Oaktree Capital Management LP

28 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Howard Marks
SEC filing name
OAKTREE CAPITAL MANAGEMENT LP
Location
Los Angeles, CA
All SEC filings
View on sec.gov