Howard Marks Buys America Movil SAB de CV, Liberty Expedia Holdings, Stonemor Partners LP, Sells Banner, First BanCorp, American Tower

• New Purchases: AMX, LEXEA, STON, BANC, NSM, XOG, SD, MPO, INDA, SN,
• Added Positions: TSM, AU, BXE, BABA, ITUB, VIV, ABEV, IBN, CEO, SXL,
• Reduced Positions: FBP, AMTPRB, MTG, LVNTA, WPXP, VALEPR, FMX, XCO, TSL, GGB,
• Sold Out: BANR, KMI, KMIPRA, APO, AGNPRA, EPRPRE,

For the details of Howard Marks's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Howard+Marks

1. AdvancePierre Foods Holdings Inc (APFH) - 43,268,538 shares, 35.25% of the total portfolio.
2. Tribune Media Co (TRCO) - 14,178,245 shares, 13.57% of the total portfolio.
3. First BanCorp (FBP) - 31,493,581 shares, 5.7% of the total portfolio. Shares reduced by 24.73%
4. Ally Financial Inc (ALLY) - 10,246,462 shares, 5.33% of the total portfolio. Shares reduced by 1.49%
5. Star Bulk Carriers Corp. (SBLK) - 29,078,777 shares, 4.07% of the total portfolio.

Howard Marks initiated holdings in America Movil SAB de CV. The purchase prices were between $11.25 and $13.39, with an estimated average price of $12.11. The stock is now traded at around $13.40. The impact to the portfolio due to this purchase was 0.83%. The holdings were 2,412,671 shares as of 2016-12-31.

Howard Marks initiated holdings in Liberty Expedia Holdings Inc. The purchase prices were between $39.32 and $45, with an estimated average price of $42.49. The stock is now traded at around $44.82. The impact to the portfolio due to this purchase was 0.43%. The holdings were 396,180 shares as of 2016-12-31.

Howard Marks initiated holdings in Stonemor Partners LP. The purchase prices were between $7.83 and $25.13, with an estimated average price of $14.04. The stock is now traded at around $9.29. The impact to the portfolio due to this purchase was 0.3%. The holdings were 1,250,000 shares as of 2016-12-31.

Howard Marks initiated holdings in Banc of California Inc. The purchase prices were between $11.26 and $17.85, with an estimated average price of $15.34. The stock is now traded at around $20.35. The impact to the portfolio due to this purchase was 0.27%. The holdings were 568,000 shares as of 2016-12-31.

Howard Marks initiated holdings in Nationstar Mortgage Holdings Inc. The purchase prices were between $14.42 and $19.42, with an estimated average price of $16.48. The stock is now traded at around $16.61. The impact to the portfolio due to this purchase was 0.21%. The holdings were 416,931 shares as of 2016-12-31.

Howard Marks initiated holdings in Extraction Oil & Gas Inc. The purchase prices were between $19.57 and $23.72, with an estimated average price of $21.26. The stock is now traded at around $16.63. The impact to the portfolio due to this purchase was 0.11%. The holdings were 202,787 shares as of 2016-12-31.

Howard Marks added to the holdings in Anglogold Ashanti Ltd by 44.92%. The purchase prices were between $9.51 and $15.71, with an estimated average price of $12.13. The stock is now traded at around $10.04. The impact to the portfolio due to this purchase was 0.2%. The holdings were 2,207,653 shares as of 2016-12-31.

Howard Marks added to the holdings in Bellatrix Exploration Ltd by 61.64%. The purchase prices were between $0.74 and $1.03, with an estimated average price of $0.87. The stock is now traded at around $0.76. The impact to the portfolio due to this purchase was 0.19%. The holdings were 18,750,000 shares as of 2016-12-31.

Howard Marks added to the holdings in Telefonica Brasil SA by 20.09%. The purchase prices were between $12.13 and $14.59, with an estimated average price of $13.4. The stock is now traded at around $14.27. The impact to the portfolio due to this purchase was 0.13%. The holdings were 2,119,808 shares as of 2016-12-31.

Howard Marks added to the holdings in Ambev SA by 21.88%. The purchase prices were between $4.76 and $6.26, with an estimated average price of $5.4. The stock is now traded at around $5.40. The impact to the portfolio due to this purchase was 0.11%. The holdings were 4,543,763 shares as of 2016-12-31.

Howard Marks added to the holdings in Sunoco Logistics Partners LP by 23.04%. The purchase prices were between $22.52 and $28.09, with an estimated average price of $25.27. The stock is now traded at around $24.94. The impact to the portfolio due to this purchase was 0.03%. The holdings were 267,000 shares as of 2016-12-31.

Howard Marks added to the holdings in Baidu Inc by 56.57%. The purchase prices were between $161.67 and $184.11, with an estimated average price of $170.19. The stock is now traded at around $173.87. The impact to the portfolio due to this purchase was 0.02%. The holdings were 12,861 shares as of 2016-12-31.

Howard Marks sold out the holdings in Banner Corp. The sale prices were between $43.55 and $56.26, with an estimated average price of $49.04.

Howard Marks sold out the holdings in Kinder Morgan Inc. The sale prices were between $19.71 and $23.01, with an estimated average price of $21.14.

Howard Marks sold out the holdings in Kinder Morgan Inc. The sale prices were between $45.25 and $50.35, with an estimated average price of $48.32.

Howard Marks sold out the holdings in Apollo Global Management LLC. The sale prices were between $17.49 and $20.86, with an estimated average price of $18.89.

Howard Marks sold out the holdings in Allergan PLC. The sale prices were between $698.74 and $853.97, with an estimated average price of $755.73.

Howard Marks sold out the holdings in EPR Properties. The sale prices were between $34.74 and $37.25, with an estimated average price of $35.88.

Howard Marks reduced to the holdings in First BanCorp by 24.73%. The sale prices were between $4.8 and $6.94, with an estimated average price of $5.89. The stock is now traded at around $6.15. The impact to the portfolio due to this sale was -1.22%. Howard Marks still held 31,493,581 shares as of 2016-12-31.

Howard Marks reduced to the holdings in American Tower Corp by 50.14%. The sale prices were between $100.55 and $113, with an estimated average price of $105.98. The stock is now traded at around $107.60. The impact to the portfolio due to this sale was -0.8%. Howard Marks still held 320,739 shares as of 2016-12-31.

Howard Marks reduced to the holdings in MGIC Investment Corp by 35.83%. The sale prices were between $7.89 and $10.5, with an estimated average price of $9.03. The stock is now traded at around $10.38. The impact to the portfolio due to this sale was -0.59%. Howard Marks still held 5,795,000 shares as of 2016-12-31.

Howard Marks reduced to the holdings in Liberty Ventures Group by 40%. The sale prices were between $36.87 and $41.22, with an estimated average price of $39.29. The stock is now traded at around $43.74. The impact to the portfolio due to this sale was -0.36%. Howard Marks still held 594,270 shares as of 2016-12-31.

Howard Marks reduced to the holdings in WPX Energy Inc by 74.09%. The sale prices were between $50.04 and $70.39, with an estimated average price of $60.83. The stock is now traded at around $54.37. The impact to the portfolio due to this sale was -0.34%. Howard Marks still held 85,700 shares as of 2016-12-31.

Howard Marks reduced to the holdings in Vale SA by 34.69%. The sale prices were between $4.78 and $8.2, with an estimated average price of $6.63. The stock is now traded at around $10.10. The impact to the portfolio due to this sale was -0.3%. Howard Marks still held 5,285,761 shares as of 2016-12-31.