Asset Manager · CIK 0000949509

Howard Marks

Oaktree Capital

Mega-Fund

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 filings View holdings

Portfolio

$6.17T

Positions

166

Quarter

2025Q4

Filings tracked

40

1Y+40.2%3Y+430.5%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Capital flow per quarter

BuysSellsNet

Latest · 2025Q4

-$9.31T

Lifetime buys

$7.79T

Lifetime sells

$19.20T

Quarter activity

What changed in 2023Q2 — net new, added, trimmed, exited.

New positions31 names

269442EAGLE BULK SHIPPING INC
+40,495,000
$62.0M
INFYINFOSYS LTD
+3,701,358
$59.5M
SQMSOCIEDAD QUIMICA Y MINERA DE
+505,135
$36.7M
JDJD.COM INC
+1,011,730
$34.5M
00922RAIR TRANSPORT SERVICES GRP I
+9,798,000
$9.3M
2829148X8 INC NEW
+9,116,000
$8.7M
00437EACCOLADE INC
+8,520,000
$7.1M
PDD 0 12/01/25PDD HOLDINGS INC
+7,085,000
$6.9M
925550VIAVI SOLUTIONS INC
+6,862,000
$6.8M
QTWO 0.125 11/15/25Q2 HOLDINGS INC
+7,688,000
$6.7M
40416EHCI GROUP INC
+5,293,000
$5.2M
EXPE 0 02/15/26EXPEDIA GROUP INC
+5,580,000
$4.9M
+ 19 more…

Added to62 names

GTXGARRETT MOTION INC
+40,489,705
$306.5M
BBDBANCO BRADESCO S A
+9,521,068
$32.9M
TXTERNIUM SA
+510,546
$20.2M
COIN 0.5 06/01/26COINBASE GLOBAL INC
+26,557,000
$20.1M
JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP
+22,690,000
$18.7M
AFRM 0 11/15/26AFFIRM HLDGS INC
+16,363,000
$12.2M
PRFT 0.125 11/15/26PERFICIENT INC
+13,877,000
$11.4M
W 1 08/15/26WAYFAIR INC
+10,038,000
$8.3M
ALRM 0 01/15/26ALARM COM HLDGS INC
+7,265,000
$6.2M
MXMAGNACHIP SEMICONDUCTOR CORP
+549,858
$6.1M
SNAP 0.125 03/01/28SNAP INC
+7,892,000
$5.6M
IART 0.5 08/15/25INTEGRA LIFESCIENCES HLDGS C
+5,183,000
$4.8M
+ 50 more…

Trimmed53 names

VSTVISTRA CORP
−6,228,843
$163.5M
EXECHESAPEAKE ENERGY CORP
−1,229,879
$102.9M
HTZHERTZ GLOBAL HLDGS INC
−3,997,100
$73.5M
ITUBITAU UNIBANCO HLDG S A
−7,377,713
$43.5M
ALLYALLY FINL INC
−1,524,687
$41.2M
G2519YCREDICORP LTD
−143,535
$21.2M
452327ILLUMINA INC
−19,332,000
$19.3M
035128ANGLOGOLD ASHANTI LIMITED
−853,760
$18.0M
848637SPLUNK INC
−17,305,000
$17.2M
SEALTD 0.25 09/15/26SEA LTD
−17,506,000
$14.1M
92940WWIX COM LTD
−14,334,000
$12.5M
05501UAZUL S A
−704,231
$9.6M
+ 41 more…

Exited94 names

366505GARRETT MOTION INC
−68,834,814
$611.9M
Y2187AEAGLE BULK SHIPPING INC
−3,781,561
$172.1M
G48833WEATHERFORD INTL PLC
−1,843,818
$109.4M
PCGPG&E CORP
−5,600,000
$90.6M
269442EAGLE BULK SHIPPING INC
−40,495,000
$62.5M
TOLTOLL BROTHERS INC
−558,000
$33.5M
868459SUPERNUS PHARMACEUTICALS INC
−19,540,000
$19.6M
69354NPRA GROUP INC
−15,449,000
$15.4M
64829BNEW RELIC INC
−14,637,000
$14.6M
KBHKB HOME
−333,992
$13.4M
256163DOCUSIGN INC
−13,032,000
$12.5M
670704NUVASIVE INC
−11,744,000
$11.7M
+ 82 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