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.

Track Howard's filingsView holdings
Portfolio
$7.03B
Positions
166
Quarter
2025Q4
Filings tracked
40
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Biggest winner since filing
EXECHESAPEAKE ENERGY CORP
+121.6%
+$367.1M
Biggest loser since filing
BHCBAUSCH HEALTH COS INC
-29.2%
−$3.0M

Investment strategy

Howard Marks is a mid-size fund. Disclosed equity book is between $1B and $10B.

Holdings

11 sectors
166 positions
Top 3 = 37% of book · TORM PLC, EXE, GTX
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Performance

vs SPY
40 quarters tracked
Mark-to-market portfolio growth vs SPY benchmark, with AUM and concentration history.
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Options & derivatives

Bearish bets
2 option positions
Largest: PUT SPY ($226.6M notional)
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Activity & trades

Quarter-by-quarter
Last move 2025Q4
ADD TLN — and 4 more recent moves.
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Recent transactions

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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