Asset Manager · CIK 0000949509
Howard Marks
Oaktree Capital
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.
Portfolio
$6.17T
Positions
166
Quarter
2025Q4
Filings tracked
40
Capital flow per quarter
BuysSellsNet
Latest · 2025Q4
-$9.31T
Lifetime buys
$7.79T
Lifetime sells
$19.20T
Quarter activity
What changed in 2024Q3 — net new, added, trimmed, exited.
New positions43 names
- TLNTALEN ENERGY CORP+696,676$124.2M
- CRCCALIFORNIA RES CORP+2,046,753$107.4M
- YUMCYUM CHINA HLDGS INC+976,906$44.0M
- PDDPINDUODUO INC+283,267$38.2M
- INFYINFOSYS LTD+1,711,512$38.1M
- 0E41ENLINK MIDSTREAM LLC+2,525,098$36.6M
- BZKANZHUN LIMITED+2,011,574$34.9M
- HOUS 0.25 06/15/26REALOGY GRP LLC/REALOGY CO+37,148,000$32.6M
- TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC+30,000,000$25.9M
- NTESNETEASE INC+232,594$21.7M
- ZTO 1.5 09/01/27ZTO EXPRESS CAYMAN INC+11,828,000$12.6M
- DQDAQO NEW ENERGY CORP+604,939$12.3M
- + 31 more…
Added to41 names
- G4766EINDIVIOR PLC+5,028,807$49.7M
- G61188LIBERTY GLOBAL LTD+2,171,621$45.8M
- NOVA 0.25 12/01/26SUNNOVA ENERGY INTL INC.+45,892,000$35.1M
- 19249HCOHERUS BIOSCIENCES INC+42,530,000$33.4M
- ITUBITAU UNIBANCO HLDG S A+2,430,241$16.2M
- TCOMTRIP COM GROUP LTD+205,878$12.2M
- PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR+12,677,000$11.7M
- BABAALIBABA GROUP HLDG LTD+102,144$10.8M
- ATEC 0.75 08/01/26ALPHATEC HLDGS INC+10,269,000$9.3M
- JOYYJOYY INC+203,151$7.4M
- ASND 2.25 04/01/28ASCENDIS PHARMA A/S+3,893,000$4.5M
- OPTUALTICE USA INC+1,560,940$3.8M
- + 29 more…
Trimmed51 names
- G89479TORM PLC−3,528,866$120.2M
- BBDBANCO BRADESCO S A−20,697,066$55.1M
- Y8162KSTAR BULK CARRIERS CORP.−2,254,220$53.4M
- VALEVALE S A−4,549,737$53.1M
- JDJD.COM INC−1,060,487$42.4M
- G0378LANGLOGOLD ASHANTI PLC−671,437$17.9M
- SEALTD 0.25 09/15/26SEA LTD−14,806,000$13.5M
- JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP−11,864,000$10.9M
- YPFYPF SOCIEDAD ANONIMA−403,551$8.6M
- SEDG 0 09/15/25SOLAREDGE TECHNOLOGIES INC−7,541,000$7.0M
- PBRPETROLEO BRASILEIRO SA PETRO−437,181$6.3M
- F 0 03/15/26FORD MTR CO DEL−6,327,000$6.2M
- + 39 more…
Exited25 names
- GGBGERDAU SA−5,888,855$19.4M
- 269442EAGLE BULK SHIPPING INC−5,745,000$12.1M
- ENV 2.625 12/01/27ENVESTNET INC−11,049,000$11.9M
- STHOSTAR HLDGS−966,868$11.7M
- 05501UAZUL S A−2,445,850$9.8M
- CAKE 0.375 06/15/26CHEESECAKE FACTORY INC/THE−5,698,000$5.2M
- 00922RAIR TRANSPORT SERVICES GRP I−5,112,000$5.0M
- LNTH 2.625 12/15/27LANTHEUS HLDGS INC−3,901,000$4.9M
- NCLH 5.375 08/01/25NCL CORP LTD−3,489,000$4.3M
- G4939KIQIYI INC−4,400,000$4.2M
- VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE CORP−4,201,000$3.8M
- GPRE 2.25 03/15/27GREEN PLAINS INC−3,638,000$3.2M
- + 13 more…
Recent transactions
Last 20 moves
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
TRIM
LIBERTY LATIN AMERICA LTD
−921,043
~$7.46 · 2025Q4
2026-02-17
NEW
RICE ACQUISITION CORP 3
+399,999
~$0.80 · 2025Q4
2026-02-17
ADD
ZIFF DAVIS INC
+3,715,000
~$0.98 · 2025Q4
2026-02-17
TRIM
PPL CAP FDG INC
−61,000
~$1.10 · 2025Q4
2026-02-17
ADD
ARRAY TECHNOLOGIES INC
+8,595,000
~$0.91 · 2025Q4
2026-02-17
ADD
CERENCE INC
+2,544,000
~$0.90 · 2025Q4
2026-02-17
TRIM
INDIVIOR PLC
−250,676,754
~$35.88 · 2025Q4
2026-02-17
ADD
HAEMONETICS CORP MASS
+5,784,000
~$0.99 · 2025Q4
2026-02-17
ADD
DAYFORCE INC
+9,969,000
~$0.99 · 2025Q4
2026-02-17
ADD
BLOCK INC
+10,229,000
~$0.99 · 2025Q4
2026-02-17
ADD
NABORS INDUSTRIES INC 1.750 06/15/29 CVT
+11,230,000
~$0.81 · 2025Q4
2026-02-17
SOLD
TRAVERE THERAPEUTICS INC
−9,213,000
~$1.13 · 2025Q4
2026-02-17
TRIM
BRIDGEBIO PHARMA INC
−8,207,000
~$1.13 · 2025Q4
2026-02-17
TRIM
UPSTART HOLDINGS INC
−4,244,000
~$0.97 · 2025Q4
2026-02-17
TRIM
SHAKE SHACK INC
−6,030,000
~$0.95 · 2025Q4
2026-02-17