Howard Marks

Howard Marks

Last Update: 10-17-2016

Number of Stocks: 63
Number of New Stocks: 8

Total Value: $2,546 Mil
Q/Q Turnover: 12%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Howard Marks Watch

  • Oaktree Buys SunOpta

    Oaktree Capital Management purchased 11,333,333 shares of SunOpta (NASDAQ:STKL) on Oct. 7, according to a Schedule 13G filing with the Securities and Exchange Commission. The trade had a 2.82% impact on Oaktree Capital Management’s portfolio.


  • Oaktree Buys Bellatrix Exploration

    Oaktree Capital Management acquired a new holding in Bellatrix Exploration Ltd. (NYSE:BXE) on Oct. 4.

    Oaktree was established in 1995 in Los Angeles. The firm is involved in less efficient markets and alternative investments. It invests mostly in debt, preferred stocks and convertible bonds. 


  • Troubled Kyle Bass Reduces Stake in NMI Holdings

    Hayman Capital Management’s Kyle Bass (Trades, Portfolio) reduced his stake in NMI Holdings Inc. (NASDAQ:NMIH) by 27.24% on Oct. 11.

    Bass founded Hayman Capital in 2005. The Dallas-based hedge fund has been struggling recently due mostly to the state of oil prices. While the firm prospered with Bass’ shorting of the subprime mortgage crisis leading up to the Great Recession, he was not so fortuitous in regard to predicting oil prices.


  • 21 Questions With Michael Zapata of Sententia Capital Management

    1. How and why did you get started investing? What is your background?

    Much of my experience with finance and investing is self-taught as I grew up in humble beginnings. The first lesson I learned was to work hard and divide the first part of your paycheck to tithes and savings. For investing, the first spark came in the fifth grade through a stock pick competition. I remember picking Xerox (NYSE:XRX) for one of my three stocks because the school had a bunch of Xerox machines. That one pick propelled me to the top percentage of my school's region. Granted, I had no idea what I was doing, but that experience would stick with me.


  • 21 Questions With Ugo Ume

    1. How and why did you get started investing? What is your background?

    About 5 years ago I enrolled at the University of Arizona. As a freshman, I was worked at a deli on campus. One of my colleagues told me he ‘invests’ $100 thousand of his money. A month later, he had more than ‘tripled it’ $360 thousand. My jaw dropped. I had saved $4,000 by negotiating cell phone prices down on craigslist and then subsequently selling them market price on eBay both in high school and also my freshman year of college – a strategy I later learned to be a term in finance called Arbitrage. I said to myself, I have $4,000 today, if I conservatively double my money every month until I graduate, I can retire without ever working a post-college job. Most inexperienced investors would believe these ego-stroking stories, but as I read more about finance, I realized that there is absolutely no way he turned $100 thousand into $360 thousand in a few weeks. Also, why would someone be working for $7.65 per hour if they were doing so well? I applied for a Scottrade account about a month after on my 18th birthday. So my interest in investing was effectively by chance.


  • 21 Questions With Aidan Sweeney

    Aidan Sweeney is the founder of iValueInvesting.

    1. How and why did you get started investing? What is your background?

  • 18 Questions With Todd Massedge

    I was fortunate to have the opportunity of interviewing Todd Massedge. He is the founder and CEO of AlphaTree Group, as well as a former buyside analyst. We discuss the college professor that influenced him, how he comes up with his best ideas and why he does not focus on valuation until the end of his process.

    How and why did you get started investing? What is your background?


  • Mattress, Roulette or Somewhere Between

    Does more risk equal more return? Or does investing with a margin of safety reduce risk and increase returns?

    Conventional investment advice suggests that high returns are only achieved when taking high risks. This makes sense to some degree.


  • Investing With a Margin of Safety

    Does more risk equal more return? Or does investing with a margin of safety reduce risk and increase returns?

    Conventional investment advice suggests that high returns are only achieved when taking high risks. This makes sense to some degree.


  • Oaktree Made 7 New Buys in the 2nd Quarter

    Howard Marks' Oaktree Capital Management LP added seven new holdings to the portfolio in the second quarter.

    The guru acquired 683,239 shares of American Tower Corp. (NYSE:AMTPRB), a Boston-based wireless and broadcast communications company, for an average price of $105.5 per share. The purchase had a 3.01% impact on Oaktree's portfolio.


  • Outperforming the S&P500

    The following are some of the stocks that outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.

    Banc of California Inc. (BANC) during the last 12 months has outperformed the S&P500 Index by 84.7%, with a market cap of $1.12 billion. Currently, three gurus are holding the company that has returned +55% year-to-date and +86% over the last five years. It is now trading with a price-earnings (P/E)(ttm) ratio of 15.09 and according to the DCF calculator, at  the current price of $22.52, it looks overpriced by 41%. Over the last 12 months, the company’s revenue has grown by 6% and EPS has grown by 25%.


  • Upgrade Your Success With the Upside-to-Downside Ratio

    Out of the millions of people who invest, only 2,600 have watched this video.

    Out of the 2,600 who have watched this video, I bet less than 10% (260 people) will apply this technique.


  • Steady and Growing EPS: Air Methods, Century Bancorp

    Companies with growing EPS are often good investments because they can return a good profit to investors. Here is a selection of the most undervalued companies, according to the DCF calculator, that have had five-year growing EPS.

    Earnings per share of Discover Financial Services (DFS) grew by 25% over the last five years and according to the DCF calculator, the stock at the current price of $57.09 is undervalued and is trading with a margin of safety of 62%.


  • The Most Important Thing: Book Review

    "The Most Important Thing" highlights 21 investment truths that Howard Marks (Trades, Portfolio), the author, at one point found he had repeatedly emphasized to clients.

    Marks, an investment manager overseeing $100 billion at Oaktree Capital, has been writing memos to clients for decades. The memos are so jam-packed with valuable information he decided to turn them into a book.


  • Howard Marks: Economies Will Slow Post-Brexit

    "I don't think this is a fundamental catastrophe," Oaktree's Howard Marks (Trades, Portfolio) told Bloomberg in a phone interview. While it will have societal, political and geographic ramifications, he does not view it as a long-term financial disaster.

    As a strategy, Marks does not see why uncertainty is a strong reason to sell. Watch the interview below:   

  • Do High Quality Value Stocks Outperform Low Quality Value Stocks?

    This article appeared first on The Stock Market Blueprint Blog.

    The evidence is clear that value stocks outperform growth stocks. The question is, do high quality value stocks outperform low quality value stocks? The answer is no.


  • 4 Things Billionaire Investors Have in Common, Part 1

    (This is part one of a four-part series. Each article explains an important trait that billionaire investors have in common. The goal is to explain simple concepts that the best investors in the world use and you can implement today. Success leaves clues, and one of the best ways to learn is to deconstruct and reverse engineer what the best in the world do. So let’s get to it.)

    These articles were inspired by Tony Robbins’ book "Money: Master The Game." The funny thing is I actually haven’t read the book myself.


  • Howard Marks Memo: Economic Reality

    In 1977, responding to the difficult energy outlook brought on by the Arab Oil Embargo, President Jimmy Carter created the position of Secretary of Energy and chose James Schlesinger as America’s first “energy czar.” Previously Schlesinger had served as Chairman of the Atomic Energy Commission, Director of Central Intelligence, and Secretary of Defense, and in his early days he taught economics at the University of Virginia. I was tickled by a story – undoubtedly apocryphal – about his days in academia that made the rounds when Schlesinger was in his new energy post.


  • Liquidity and Frozen Ice Theory

  • Howard Marks Buys Buffett's Kinder Morgan, Yahoo! Inc., WPX Energy

    Oaktree investor and author of widely read memos, Howard Marks (Trades, Portfolio), disclosed his first-quarter portfolio activity Monday morning that included buying seven new stocks.

    Marks’ aggregate portfolio has a fair value of $2.4 billion. It lists 64 equity positions that are 28% concentrated in the consumer cyclical sector and 26% concentrated in the financial services sector as of the end of the first quarter.


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