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 2025Q3 — net new, added, trimmed, exited.

New positions29 names

VNOMVIPER ENERGY INC
+6,285,062
$240.2M
TDSTELEPHONE & DATA SYS INC
+3,688,386
$144.7M
CORZCORE SCIENTIFIC INC NEW
+6,400,708
$114.8M
G3730VFTAI AVIATION LTD
+585,175
$97.6M
NUNU HLDGS LTD
+4,518,884
$72.3M
SATSECHOSTAR CORP
+600,000
$45.8M
G98239XP INC
+2,032,877
$38.2M
ADUNITED STATES CELLULAR CORP
+724,444
$36.2M
G6359FNABORS INDUSTRIES LTD
+737,112
$30.1M
ECVTECOVYST INC
+2,859,022
$25.0M
AVAV 0 07/15/30AEROVIRONMENT INC
+17,763,000
$22.1M
JAZZ 3.125 09/15/30JAZZ PHARMACEUTICALS PLC
+16,700,000
$19.9M
+ 17 more…

Added to68 names

TLNTALEN ENERGY CORP
+161,288
$68.6M
G9001ELIBERTY LATIN AMERICA LTD
+4,341,307
$36.6M
SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC
+30,010,000
$26.5M
YMMFULL TRUCK ALLIANCE CO LTD
+1,955,360
$25.4M
N4732MJBS N.V.
+1,341,790
$20.0M
BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC
+18,238,000
$17.3M
ARRY 1 12/01/28ARRAY TECHNOLOGIES INC
+18,241,000
$15.9M
CBRL 0.625 06/15/26CRACKER BARREL OLD CTRY STOR
+14,851,000
$14.3M
JD 0.25 06/01/29JD.COM INC
+11,469,000
$12.4M
CNMD 2.25 06/15/27CONMED CORP
+12,808,000
$12.2M
ITUBITAU UNIBANCO HLDG S A
+1,661,307
$12.2M
ENPH 0 03/01/28ENPHASE ENERGY INC
+13,867,000
$12.0M
+ 56 more…

Trimmed41 names

GTXGARRETT MOTION INC
−5,000,000
$68.1M
G0378LANGLOGOLD ASHANTI PLC
−762,476
$53.6M
CXCEMEX SAB DE CV
−4,390,208
$39.5M
CRCCALIFORNIA RES CORP
−682,251
$36.3M
PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR
−36,247,000
$35.8M
Y8162KSTAR BULK CARRIERS CORP.
−1,267,635
$23.6M
FCXFREEPORT-MCMORAN INC
−491,210
$19.3M
RWAYRUNWAY GROWTH FINANCE CORP
−1,500,000
$15.2M
SNAP 0.125 03/01/28SNAP INC
−14,098,000
$12.6M
ENPH 0 03/01/26ENPHASE ENERGY INC
−10,441,000
$10.2M
SO 4.5 06/15/27SOUTHERN CO/THE
−8,902,000
$9.9M
DAY 0.25 03/15/26DAYFORCE INC
−8,698,000
$8.5M
+ 29 more…

Exited44 names

SB9SITIO ROYALTIES CORP
−12,945,551
$237.9M
ECECOPETROL S A
−3,549,822
$31.4M
BEKEKE HLDGS INC
−1,513,039
$26.8M
SATS 3.875 11/30/30ECHOSTAR CORP
−21,447,560
$25.3M
92940WWIX COM LTD
−21,116,000
$21.1M
OKTA 0.125 09/01/25OKTA INC
−20,241,000
$20.1M
91325VUNITI GROUP INC
−3,397,592
$14.7M
HOUS 0.25 06/15/26REALOGY GRP LLC/REALOGY CO
−13,200,000
$13.0M
BRYBERRY CORP
−3,697,000
$10.2M
YPFYPF SOCIEDAD ANONIMA
−324,330
$10.2M
DXCM 0.375 05/15/28DEXCOM INC
−8,288,000
$7.8M
HTHT 3 05/01/26H WORLD GROUP LTD
−6,884,000
$7.3M
+ 32 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