Asset Manager · CIK 0000949509

Howard Marks

Oaktree Capital
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Howard Marks runs Oaktree Capital, an asset manager overseeing $6.17T 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 40.2% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Howard's filingsView holdings
Portfolio
$6.17T
Positions
166
Quarter
2025Q4
Filings tracked
40
1Y+40.2%3Y+430.5%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Capital flow per quarter
BuysSellsNet
+$10.17T+$5.09T$0-$5.09T-$10.17T'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
-$9.31T
Lifetime buys
$7.79T
Lifetime sells
$19.20T

Quarter activity

What changed in 2023Q1 — net new, added, trimmed, exited.
New positions55 names
  • DQDAQO NEW ENERGY CORP
    +1,056,121
    $49.5M
  • OCSLOAKTREE SPECIALTY LENDING CO
    +1,671,503
    $31.4M
  • 69354NPRA GROUP INC
    +15,449,000
    $15.4M
  • YPFYPF SOCIEDAD ANONIMA
    +1,378,354
    $15.1M
  • W 1 08/15/26WAYFAIR INC
    +20,312,000
    $13.5M
  • STHOSTAR HLDGS
    +749,850
    $13.0M
  • DISH 0 12/15/25DISH NETWORK CORPORATION
    +18,995,000
    $10.1M
  • 29975EEVENTBRITE INC
    +12,756,000
    $9.9M
  • FVRR 0 11/01/25FIVERR INTL LTD
    +11,544,000
    $9.6M
  • SNAP 0.125 03/01/28SNAP INC
    +12,910,000
    $9.1M
  • 42703MHERBALIFE NUTRITION LTD
    +8,156,000
    $7.7M
  • 46267XIQIYI INC
    +7,015,000
    $6.4M
  • + 43 more…
Added to56 names
Trimmed56 names
  • G48833WEATHERFORD INTL PLC
    −1,710,289
    $101.5M
  • VSTVISTRA CORP
    −2,170,969
    $52.1M
  • ITUBITAU UNIBANCO HLDG S A
    −7,223,703
    $35.2M
  • PCGPG&E CORP
    −2,150,000
    $34.8M
  • HTZHERTZ GLOBAL HLDGS INC
    −1,502,900
    $24.5M
  • HIMSHIMS & HERS HEALTH INC
    −1,961,719
    $19.5M
  • 85571BSTARWOOD PPTY TR INC
    −13,848,000
    $13.9M
  • 48251KKKR REAL ESTATE FIN TR INC
    −12,555,000
    $12.5M
  • 19624RCOLONY CAP INC
    −12,339,000
    $12.4M
  • CHGG 0 09/01/26CHEGG INC
    −14,374,000
    $11.4M
  • KBHKB HOME
    −271,008
    $10.9M
  • ENV 0.75 08/15/25ENVESTNET INC
    −11,592,000
    $10.5M
  • + 44 more…
Exited99 names
  • 67401POAKTREE SPECIALTY LENDING CO
    −5,014,511
    $34.4M
  • PHMPULTE GROUP INC
    −619,000
    $28.2M
  • 67059NNUTANIX INC
    −26,526,000
    $26.4M
  • G9460GVALARIS LIMITED
    −370,155
    $25.0M
  • 126677CVENT HOLDING CORP
    −4,000,000
    $21.6M
  • PARRPAR PAC HOLDINGS INC
    −850,000
    $19.8M
  • 88338TTHERAVANCE INC
    −19,354,000
    $19.4M
  • 09257WBLACKSTONE MORTGAGE TRUST IN
    −19,335,000
    $19.2M
  • 703343PATRICK INDS INC
    −18,511,000
    $18.5M
  • G01125AFYA LTD
    −951,452
    $14.9M
  • G68707PAGSEGURO DIGITAL LTD
    −1,586,397
    $13.9M
  • 670002NOVAVAX INC
    −13,659,000
    $13.6M
  • + 87 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