Asset Manager · CIK 0000949509

Howard Marks

Oaktree Capital

Mid-Size Fund

Howard Marks runs Oaktree Capital, an asset manager overseeing $7.03B in disclosed equity holdings (SEC CIK 0000949509). The latest 13F filing (2025Q4) discloses 166 positions across 11 sectors, with the largest positions in EXE, TORM PLC and ANGLOGOLD ASHANTI PLC. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Track Howard's filings View holdings

Portfolio

$7.03B

Positions

166

Quarter

2025Q4

Filings tracked

40

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Capital flow per quarter

BuysSellsNet

Latest · 2025Q4

-$9.31B

Lifetime buys

$19.04B

Lifetime sells

$23.48B

Quarter activity

What changed in 2024Q1 — net new, added, trimmed, exited.

New positions33 names

G4766EINDIVIOR PLC
+3,351,236
$71.7M
Y2187AEAGLE BULK SHIPPING INC
+1,098,819
$68.6M
BIDUBAIDU INC
+422,866
$44.5M
LILI AUTO INC
+983,320
$29.8M
BAKBRASKEM S A
+2,026,792
$21.3M
BMABANCO MACRO SA
+434,300
$20.9M
YUMCYUM CHINA HLDGS INC
+486,057
$19.3M
JOYYJOYY INC
+616,648
$19.0M
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
+6,524,000
$7.9M
ON 0.5 03/01/29On Semiconductor Corp - US
+7,262,000
$7.2M
YPFYPF SOCIEDAD ANONIMA
+355,091
$7.0M
653656NICE LTD
+5,981,000
$6.3M
+ 21 more…

Added to31 names

VALEVALE S A
+2,116,982
$25.8M
SEDG 0 09/15/25SOLAREDGE TECHNOLOGIES INC
+7,209,000
$6.6M
HTHTHUAZHU GROUP LTD
+134,695
$5.2M
PBRPETROLEO BRASILEIRO SA PETRO
+332,904
$5.1M
HTHT 3 05/01/26H WORLD GROUP LTD
+2,593,000
$3.0M
G0378LANGLOGOLD ASHANTI PLC
+125,100
$2.8M
LNTH 2.625 12/15/27LANTHEUS HLDGS INC
+2,456,000
$2.7M
FCXFREEPORT-MCMORAN INC
+55,800
$2.6M
VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE CORP
+2,684,000
$2.5M
NCLH 1.125 02/15/27NCL CORP LTD
+2,484,000
$2.4M
AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC
+2,089,000
$2.2M
BBDBANCO BRADESCO S A
+717,580
$2.1M
+ 19 more…

Trimmed74 names

NMIHNMI HLDGS INC
−3,625,033
$117.2M
269442EAGLE BULK SHIPPING INC
−34,750,000
$68.8M
L01800ALVOTECH
−2,551,695
$31.2M
COIN 0.5 06/01/26COINBASE GLOBAL INC
−16,440,000
$18.1M
SPOT 0 03/15/26SPOTIFY USA INC
−18,059,000
$16.6M
483548KAMAN CORP
−15,797,000
$15.8M
70932APENNYMAC MORTGAGE INVESTMENT TRUST
−13,600,000
$13.4M
EEFT 0.75 03/15/49EURONET WORLDWIDE INC
−13,626,000
$13.3M
BXMT 5.5 03/15/27BLACKSTONE MORTGAGE TRUST IN
−14,584,000
$13.2M
AFRM 0 11/15/26AFFIRM HLDGS INC
−15,236,000
$12.7M
RWAYRUNWAY GROWTH FINANCE CORP
−1,000,000
$12.1M
RWT 5.75 10/01/25RWT HLDGS INC
−11,725,000
$11.4M
+ 62 more…

Exited50 names

INFYINFOSYS LTD
−3,453,979
$63.5M
G3730VFTAI AVIATION LTD
−1,167,061
$54.2M
G61188LIBERTY GLOBAL LTD
−2,731,000
$48.5M
AMXAMERICA MOVIL SAB DE CV
−2,298,858
$42.6M
TRIP 0.25 04/01/26TRIPADVISOR INC
−19,051,000
$16.8M
MTGMGIC INVT CORP WIS
−866,000
$16.7M
MSTR 0 02/15/27MICROSTRATEGY INC
−18,897,000
$16.5M
DISH 0 12/15/25DISH NETWORK CORPORATION
−18,995,000
$11.9M
55272XMFA FINL INC
−11,039,000
$11.1M
W 0.625 10/01/25WAYFAIR INC
−9,925,000
$9.0M
2829148X8 INC NEW
−8,949,000
$8.9M
09061GBIOMARIN PHARMACEUTICAL INC
−7,867,000
$7.8M
+ 38 more…

Recent transactions

Last 20 moves

ADD

Howard Marks (Oaktree Capital) added to TLN

TALEN ENERGY CORP

+40,000

~$374.84 · 2025Q4

2026-02-17

SOLD

Howard Marks (Oaktree Capital) exited EVH 3.5 12/01/29

EVOLENT HEALTH INC 3.500 12/01/29 CVT

−1,015,000

~$0.81 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed AVAV 0 07/15/30

AEROVIRONMENT INC

−2,000,000

~$1.09 · 2025Q4

2026-02-17

NEW

Howard Marks (Oaktree Capital) opened a new position in CAKE 0.375 06/15/26

CHEESECAKE FACTORY INC/THE

+1,960,000

~$0.99 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to ALRM 0 01/15/26

ALARM COM HLDGS INC

+2,441,000

~$1.00 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed G9001E128

LIBERTY LATIN AMERICA LTD

−921,043

~$7.46 · 2025Q4

2026-02-17

NEW

Howard Marks (Oaktree Capital) opened a new position in G7553X114

RICE ACQUISITION CORP 3

+399,999

~$0.80 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to ZD 1.75 11/01/26

ZIFF DAVIS INC

+3,715,000

~$0.98 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed PPL 2.875 03/15/28

PPL CAP FDG INC

−61,000

~$1.10 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to ARRY 1 12/01/28

ARRAY TECHNOLOGIES INC

+8,595,000

~$0.91 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to CRNC 1.5 07/01/28

CERENCE INC

+2,544,000

~$0.90 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed G4766E116

INDIVIOR PLC

−250,676,754

~$35.88 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to HAE 0 03/01/26

HAEMONETICS CORP MASS

+5,784,000

~$0.99 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to DAY 0.25 03/15/26

DAYFORCE INC

+9,969,000

~$0.99 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to XYZ 0 05/01/26

BLOCK INC

+10,229,000

~$0.99 · 2025Q4

2026-02-17

ADD

Howard Marks (Oaktree Capital) added to NBR 1.75 06/15/29

NABORS INDUSTRIES INC 1.750 06/15/29 CVT

+11,230,000

~$0.81 · 2025Q4

2026-02-17

SOLD

Howard Marks (Oaktree Capital) exited TVTX 2.25 03/01/29

TRAVERE THERAPEUTICS INC

−9,213,000

~$1.13 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed BBIO 2.25 02/01/29

BRIDGEBIO PHARMA INC

−8,207,000

~$1.13 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed UPST 0.25 08/15/26

UPSTART HOLDINGS INC

−4,244,000

~$0.97 · 2025Q4

2026-02-17

TRIM

Howard Marks (Oaktree Capital) trimmed SHAK 0 03/01/28

SHAKE SHACK INC

−6,030,000

~$0.95 · 2025Q4

2026-02-17