Howard Marks's Portfolio

Oaktree Capital Management 13F holdings

What is Howard Marks's portfolio?

Oaktree Capital Management has disclosed a total of 53 security holdings in their (2025 Q4) SEC 13F filing(s) with portfolio value of $4,538,130,295.

What stocks does Howard Marks own?

In Howard Marks's portfolio as of 31 Dec 2025, the top 5 holdings are (CHK) CHESAPEAKE ENERGY CORP (12.31%), (TRMD) TORM PLC-A (11.62%), (AU) ANGLOGOLD ASHANTI PLC (7.23%), (GTX) GARRETT MOTION INC (6.57%) and (INDV) INDIVIOR PLC (5.62%).

To see the historical data of Oaktree Capital Management's portfolio holdings please click on the "2025 Q4" dropdown menu and select the date.

To see Oaktree Capital Management's original 13F reports (2025 Q4), please click on the "important" button.

Portfolio value: $4,538M+
Period: 2025 Q4
Number of stock: 53
Update: 17 Feb 2026
Important
History
Ticker
Stock
% of
Portfolio
Shares*
Reported
Price*
% difference
Current Price
Value
% (shares)
Activity
% change to
Portfolio
GRAB
GRAB HOLDINGS LTD - CL A
1.23%
11,207,699
$4.99
33.27% $3.33
$55,926,418
-7.33% (-886,796)
-0.10%
AERO
GRUPO AEROMEXICO SAB DE CV
1.83%
3,776,986
$21.96
-
$82,942,612
buy
+1.83%
HDB
HDFC BANK LTD-ADR
0.11%
130,441
$36.54
-
$4,766,314
-13.73% (-20,765)
-0.02%
INDV
INDIVIOR PLC
5.62%
7,108,644
$35.88
4.21% $37.39
$255,058,964
-97.24% (-250,676,754)
-198.19%
INFY
INFOSYS LTD-SP ADR
0.43%
1,094,752
$17.82
-
$19,508,480
buy
+0.43%
ITUB
ITAU UNIBANCO H-SPON PRF ADR
2.18%
13,822,747
$7.16
-
$98,970,875
+9.13% (+1,156,946)
+0.18%
BZ
KANZHUN LTD
0.68%
1,523,231
$20.38
-
$31,043,447
-7.32% (-120,341)
-0.05%
KRC
KILROY REALTY CORP
1.52%
1,850,011
$37.37
1.39% $37.89
$69,134,911
LBTYA
LIBERTY GLOBAL LTD-A
2.10%
8,551,191
$11.14
-
$95,260,267
LILA
LIBERTY LATIN AMERIC-CL A
0.14%
839,020
$7.39
3.25% $7.63
$6,200,357
-0.88% (-7,454)
-0.00%
LILAK
LIBERTY LATIN AMERIC-CL C
0.95%
5,748,780
$7.46
2.68% $7.66
$42,885,898
-13.81% (-921,043)
-0.15%
MX
MAGNACHIP SEMICONDUCTOR CORP
0.16%
2,849,858
$2.55
170.20% $6.89
$7,267,137
NOK
NOKIA CORP-SPON ADR
2.67%
18,752,229
$6.47
-
$121,326,921
NU
NU HOLDINGS LTD/CAYMAN ISL-A
1.65%
4,479,175
$16.74
30.70% $11.60
$74,981,389
-0.88% (-39,709)
-0.01%
OCSL
OAKTREE SPECIALTY LENDING CO
0.52%
1,852,456
$12.74
-
$23,600,289
OCN
OCWEN FINANCIAL CORP COM NEW
0.39%
390,835
$45.79
-
$17,896,380
buy
+0.39%
KRSP.WS
RICE ACQUISITION CORP 3
0.01%
399,999
$0.80
-
$319,999
buy
+0.01%
KRSP
RICE ACQUISITION CORP 3-A
0.54%
2,400,000
$10.28
1.31% $10.41
$24,660,000
buy
+0.54%
RWAY
RUNWAY GROWTH FINANCE CORP
1.38%
7,029,667
$8.93
32.70% $6.01
$62,774,936
-15.10% (-1,250,000)
-0.25%
SMRT
SMARTRENT INC
0.33%
7,505,294
$2.02
44.06% $1.13
$15,160,695
20 of 53

Completely sold out

History
Ticker
Stock
Sold
Shares*
% change to
Portfolio
ACR
ACRES COMMERCIAL REALTY CORP
391,380
-0.18%
SATS
ECHOSTAR CORP-A
600,000
-1.01%
JBS
JBS NV-A
1,580,400
-0.52%
LGN
LEGENCE CORP-CL A
175,000
-0.12%
NBR
NABORS INDUSTRIES LTD
737,112
-0.66%
SE
SEA LTD-ADR
141,368
-0.56%
TPIC
TPI COMPOSITES INC
4,610,003
-0.00%
TGS
TRANSPORTADOR GAS-ADR SP B
56,522
-0.03%

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.