Asset Manager · CIK 0000949509

Howard Marks

Oaktree Capital
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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.

Portfolio
$7.03B
Positions
166
Quarter
2025Q4
Filings tracked
40

Not enough filing history to compute mark-to-market returns for Howard Marks.

We need at least one year of 13F coverage with priceable positions.

Performance overview

We mark Howard Marks (Oaktree Capital)'s disclosed 13F book to current market prices and compare its growth against the S&P 500 (SPY).

Portfolio growth vs SPY
Rebased to 100 at 2016Q1 · through 2025Q4
Howard Marks
+11.8%
SPY
-1436861351852016Q12020Q42025Q4
Portfolio line tracks reported 13F AUM (mark-to-market on filing dates). It includes inflows/outflows so it isn't a pure time-weighted return — same convention as Dataroma and StockCircle.
Capital flow per quarter
BuysSellsNet
+$10.17B+$5.09B$0-$5.09B-$10.17B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
-$9.31B
Lifetime buys
$19.04B
Lifetime sells
$23.48B
Portfolio over time
AUMPositions
$0$3.11B$6.22B$9.42B380148'22Q1'23Q4'25Q4
QoQ AUM
+2.8%
16Q lifetime AUM
-34.5%
QoQ positions
+7
16Q lifetime positions
-186
Position concentration
166 positions
Top 1
9%
of book
  • Top 19%$558.7MEXE
  • Top 2-523%$1.41BTORM PLC, ANGLOGOLD AS, GTX
  • Top 6-1012%$769.3MVNOM, TDS, B
  • Top 11-2015%$935.6MNOK, FTAI AVIATIO, ITUB
  • Rest40%$2.50BNU, FCX, KRC