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 2024Q4 — net new, added, trimmed, exited.

New positions23 names

867975SUNRISE COMMUNICATIONS AG
+1,440,836
$62.1M
NOVA 2.625 02/15/28SUNNOVA ENERGY INTL INC.
+47,819,000
$18.2M
PCG 4.25 12/01/27PG&E CORP
+15,275,000
$16.6M
ABXBARRICK GOLD CORP
+1,015,063
$15.7M
UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC
+10,549,000
$11.7M
FOUR 0.5 08/01/27SHIFT4 PAYMENTS INC
+9,910,000
$10.7M
WK 1.25 08/15/28WORKIVA INC
+7,962,000
$8.5M
EXEELCHESAPEAKE ENERGY CORP
+95,294
$8.2M
W 0.625 10/01/25WAYFAIR INC
+6,883,000
$6.6M
NVST 1.75 08/15/28ENVISTA HOLDINGS CORP
+6,531,000
$5.9M
CPNGCOUPANG INC
+241,544
$5.3M
SPOT 0 03/15/26SPOTIFY USA INC
+4,000,000
$4.3M
+ 11 more…

Added to41 names

JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP
+22,783,000
$21.2M
PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR
+19,277,000
$18.0M
G61188LIBERTY GLOBAL LTD
+1,230,932
$15.7M
NTESNETEASE INC
+167,100
$14.9M
GH 0 11/15/27GUARDANT HEALTH INC
+16,962,000
$14.3M
NOVA 0.25 12/01/26SUNNOVA ENERGY INTL INC.
+15,261,000
$9.2M
ETSY 0.25 06/15/28ETSY INC
+9,172,000
$7.5M
CNMD 2.25 06/15/27CONMED CORP
+7,238,000
$6.7M
EXECHESAPEAKE ENERGY CORP
+66,480
$6.6M
CYTK 3.5 07/01/27CYTOKINETICS INC
+5,288,000
$6.3M
IART 0.5 08/15/25INTEGRA LIFESCIENCES HLDGS C
+4,510,000
$4.4M
CABO 0 03/15/26CABLE ONE INC
+4,616,000
$4.3M
+ 29 more…

Trimmed66 names

TLNTALEN ENERGY CORP
−300,052
$60.5M
CBLCBL & ASSOC PPTYS INC
−1,000,000
$29.4M
FCXFREEPORT-MCMORAN INC
−662,236
$25.2M
TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC
−18,500,000
$17.7M
JDJD.COM INC
−350,256
$12.1M
VISTVISTA OIL & GAS SAB DE CV
−210,153
$11.4M
G4766EINDIVIOR PLC
−788,432
$10.1M
PBRPETROLEO BRASILEIRO SA PETRO
−716,548
$9.2M
VALEVALE S A
−1,011,461
$9.0M
BMABANCO MACRO SA
−85,675
$8.3M
L01800ALVOTECH
−606,322
$8.0M
PAMPAMPA ENERGIA S A
−72,681
$6.4M
+ 54 more…

Exited29 names

ITUBITAU UNIBANCO HLDG S A
−9,076,407
$60.4M
BBDBANCO BRADESCO S A
−14,114,711
$37.5M
JOYYJOYY INC
−882,590
$32.0M
BABAALIBABA GROUP HLDG LTD
−224,719
$23.8M
HIMSHIMS & HERS HEALTH INC
−666,962
$12.3M
YPFYPF SOCIEDAD ANONIMA
−551,128
$11.7M
G98239XP INC
−510,764
$9.2M
NTNX 0.25 10/01/27NUTANIX INC
−7,407,000
$8.9M
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
−4,903,000
$6.0M
00922RAIR TRANS SVCS GROUP INC
−6,319,000
$6.0M
HALO 1 08/15/28HALOZYME THERAPEUTICS INC
−4,778,000
$5.7M
F 0 03/15/26FORD MTR CO DEL
−4,988,000
$4.9M
+ 17 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