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
ATUS
ALTICE USA INC- A
0.27%
7,500,000
$1.65
-
$12,375,000
ALVO
ALVOTECH SA
0.04%
533,656
$3.79
6.62% $3.54
$2,023,114
-65.87% (-1,030,020)
-0.09%
ALVOW
ALVOTECH SA -27
0.07%
4,666,667
$0.65
-
$3,032,866
AU
ANGLOGOLD ASHANTI PLC
7.23%
3,847,991
$85.28
1.36% $84.12
$328,156,672
-8.06% (-337,270)
-0.63%
B
BARRICK MINING CORP
2.86%
2,975,118
$43.55
-
$129,566,388
-9.90% (-326,968)
-0.31%
BATL
BATTALION OIL CORP
0.07%
3,009,912
$1.13
16.81% $1.32
$3,401,200
-0.13% (-3,911)
-0.00%
BLCO
BAUSCH + LOMB CORP
1.27%
3,382,739
$17.08
9.48% $15.46
$57,777,182
+4.23% (+137,300)
+0.05%
BHC
BAUSCH HEALTH COS INC
0.19%
1,270,000
$6.95
22.73% $5.37
$8,826,500
BTAI
BIOXCEL THERAPEUTICS INC
0.01%
241,188
$1.60
30.63% $1.11
$385,902
CRC
CALIFORNIA RESOURCES CORP
0.68%
694,502
$44.71
-
$31,051,184
CBL
CBL & ASSOCIATES PROPERTIES
2.05%
2,517,576
$37.00
30.89% $48.43
$93,150,348
-16.22% (-487,550)
-0.40%
CX
CEMEX SAB-SPONS ADR PART CER
1.46%
5,749,324
$11.49
-
$66,059,732
-44.98% (-4,699,500)
-1.19%
CHK
CHESAPEAKE ENERGY CORP
12.31%
5,062,363
$110.36
-
$558,682,380
CHKEL
CHESAPEAKE ENERGY CORP -CW26
0.21%
95,294
$99.65
-
$9,496,047
CORZ
CORE SCIENTIFIC INC
2.68%
8,350,708
$14.56
77.54% $25.85
$121,586,308
+30.47% (+1,950,000)
+0.63%
ECVT
ECOVYST INC
0.91%
4,254,503
$9.73
32.07% $12.85
$41,396,314
+48.81% (+1,395,481)
+0.30%
FCX
FREEPORT-MCMORAN INC
1.56%
1,390,053
$50.79
24.77% $63.37
$70,600,791
-7.63% (-114,812)
-0.13%
FTAI
FTAI AVIATION LTD
2.24%
517,328
$196.85
18.90% $234.05
$101,836,016
-11.59% (-67,847)
-0.29%
YMM
FULL TRUCK ALLIANCE -SPN ADR
0.83%
3,519,764
$10.73
-
$37,767,067
-7.32% (-277,933)
-0.07%
GTX
GARRETT MOTION INC
6.57%
17,094,816
$17.43
83.36% $31.96
$297,962,642
-46.40% (-14,800,000)
-5.68%
20 of 53

Completely sold out

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

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.