Asset Manager · CIK 0000949509
Howard Marks
Oaktree Capital
Howard Marks runs Oaktree Capital, an asset manager overseeing $7.03B in disclosed equity holdings (SEC CIK 0000949509). The latest portfolio (2025Q4) discloses 166 positions across 11 sectors, with the largest positions in EXE, TORM PLC and ANGLOGOLD ASHANTI PLC. On a mark-to-market basis the tracked portfolio has returned 56.6% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
Portfolio
$7.03B
Positions
166
Quarter
2025Q4
Filings tracked
40
Biggest winner since filing
EXECHESAPEAKE ENERGY CORP
+121.6%
+$270.5M
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.
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<iframe src="https://openstocks.me/embed/stock/EXE" width="100%" height="480" frameborder="0" loading="lazy" title="EXE chart by OpenStocks" style="border:0;border-radius:12px;background:transparent"></iframe>Holdings
11 sectors166 positions
Top 3 = 20% of book · EXE, TORM PLC, ANGLOGOLD AS
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Performance
vs SPY40 quarters tracked
Mark-to-market portfolio growth vs SPY benchmark, with AUM and concentration history.
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Options & derivatives
Bearish bets6 option positions
Largest: PUT SMH ($311.5M notional)
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Activity & trades
Quarter-by-quarterLast move 2025Q4
ADD TLN — and 4 more recent moves.
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Recent transactions
See full activity →
SOLD
EVOLENT HEALTH INC 3.500 12/01/29 CVT
−1,015,000
~$0.81 · 2025Q4
2026-02-17
TRIM
AEROVIRONMENT INC
−2,000,000
~$1.09 · 2025Q4
2026-02-17
NEW
CHEESECAKE FACTORY INC/THE
+1,960,000
~$0.99 · 2025Q4
2026-02-17
ADD
ALARM COM HLDGS INC
+2,441,000
~$1.00 · 2025Q4
2026-02-17