Howard Marks

Howard Marks

13F
Oaktree Capital Management LP
Last update 2025-06-05 55 Stocks (9 new)
Value $4.29 Bil Turnover 11 %
Countries:
Top Holdings: TRMD(15.45%)EXE(14.43%)GTX(8.60%)STR(5.99%)AU(4.73%)

Howard Marks Profile

Chairman of Oaktree Capital Management LP. Since the formation of Oaktree in 1995, Mr. Marks has been responsible for ensuring the firm's adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm.

Howard Marks Investing Philosophy

Oaktree Capital is involved in less efficient markets and alternative investments. The firm invests heavily in debt, preferred stocks, and convertible bonds.
Summary Stock Picks Current Portfolio
Howard Marks Top Holdings of 2025-03-31 View Full List
Ticker
TRMD
EXE
GTX
STR
AU
SPY PUT
RWAY
CX
INDV
VIST
Ticker
Company
Shares
Value ($1000)
Shares Change %
Weighting %
Trade Impact %
% of Shares outstanding
3M Change %
YTD Change %
Market Cap $Mil
Industry
TRMD
TORM PLC
40,581,120
662,769.5
0%
15.450
0%
41.500
+2.98%
-7.31%
1,700.6
Oil & Gas
EXE
Expand Energy Corp
5,562,364
619,202.4
-19.82%
14.430
-2.82%
2.340
+9.08%
+20.84%
28,317.2
Oil & Gas
GTX
Garrett Motion Inc
44,082,816
368,973.2
0%
8.600
0%
21.760
+23.44%
+17.08%
2,115.0
Vehicles & Parts
STR
Sitio Royalties Corp
12,935,120
257,020.8
0%
5.990
0%
16.690
-7.37%
+0.19%
1,428.1
Oil & Gas
AU
Anglogold Ashanti PLC
5,464,851
202,855.3
-1.67%
4.730
-0.04%
1.080
+21.63%
+94.80%
22,119.8
Metals & Mining
SPY PUT
SPDR S&P 500 ETF Trust
340,000
190,192.6
0%
4.430
0%
0.030
+8.76%
+5.55%
622,277.9
 
RWAY
Runway Growth Finance Corp
10,779,667
111,569.6
0%
2.600
0%
28.860
+4.65%
+3.55%
395.5
Credit Services
CX
Cemex SAB de CV
19,383,729
108,742.7
+32.87%
2.530
+0.63%
1.340
+13.49%
+21.55%
9,880.2
Building Materials
INDV
Indivior PLC
11,009,125
103,450.9
+26.06%
2.410
+0.50%
8.820
+42.24%
+12.15%
1,688.3
Drug Manufacturers
VIST
Vista Energy SAB de CV
2,184,561
101,713.2
-4.75%
2.370
-0.12%
2.070
-0.47%
-10.85%
5,086.8
Oil & Gas

Howard Marks's Historical Top Holdings Breakdowns

Howard Marks's Top Stock Picks View Full List
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
INFN Unlock Delisted
Infinera Corp
2025-03-31
Sold Out
Sold Out
-3.41%
●
6.55 ($6.62) 6.68
$6.64
0.30%
Sold Out
0
-25,175,384
EXE
Expand Energy Corp
2025-03-31
Reduce
Reduce
-2.82%
●
96.03 ($104.03) 111.32
$118.99
14.38%
Reduce -19.82%
5,562,364
-1,375,000
NOK
Nokia Oyj
2025-03-31
New Buy
New Buy
+2.30%
●
4.44 ($4.89) 5.42
$5.17
5.73%
New holding
18,752,227
18,752,227
SNRE
Sunrise Communications AG
2025-03-31
Sold Out
Sold Out
-1.28%
●
43.27 ($46.86) 50.18
$55.48
18.40%
Sold Out
0
-1,440,836
TAC
TransAlta Corp
2025-03-31
New Buy
New Buy
+1.21%
●
8.76 ($11.08) 14.44
$10.69
-3.52%
New holding
5,585,253
5,585,253
GRAB
Grab Holdings Ltd
2025-03-31
New Buy
New Buy
+1.08%
●
4.12 ($4.67) 5.34
$4.94
5.78%
New holding
10,275,995
10,275,995
TCOM
Trip.com Group Ltd
2025-03-31
Sold Out
Sold Out
-1.02%
●
56.68 ($65.47) 73.5
$58.66
-10.40%
Sold Out
0
-717,222
ITUB
Itau Unibanco Holding SA
2025-03-31
New Buy
New Buy
+0.89%
●
4.43 ($5.18) 5.73
$6.62
27.80%
New holding
6,941,012
6,941,012
YUMC
Yum China Holdings Inc
2025-03-31
Sold Out
Sold Out
-0.87%
●
42.3 ($47.97) 53.69
$44.67
-6.88%
Sold Out
0
-877,830
BILI
Bilibili Inc
2025-03-31
New Buy
New Buy
+0.86%
●
15.97 ($19.21) 24.1
$21.43
11.56%
New holding
1,925,797
1,925,797

Howard Marks Total Holding History ($B)

To

Howard Marks's Asset Allocation

To

Howard Marks Past Portfolios

Portfolio Date Number of Stocks New Stocks Total Value ($Mil) Q/Q Turnover

Top Ranked Articles

  • 1

Howard Marks's Hypothetical Growth since 2025-03-31

Howard Marks's Yearly Returns

Year Portfolio % % Excess Gain %

Howard Marks's Holdings Heat Map

Size field:

Howard Marks's Holdings Bubble Chart

Howard Marks News

  • 1

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