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 2025Q1 — net new, added, trimmed, exited.
New positions44 names
  • NOKNOKIA CORP
    +18,752,227
    $98.8M
  • TACTRANSALTA CORP
    +5,585,253
    $52.1M
  • G4124CGRAB HOLDINGS LIMITED
    +10,275,995
    $46.6M
  • ITUBITAU UNIBANCO HLDG S A
    +6,941,012
    $38.2M
  • BILIBILIBILI INC
    +1,925,797
    $36.8M
  • ECECOPETROL S A
    +3,162,122
    $33.0M
  • BEKEKE HLDGS INC
    +1,254,784
    $25.2M
  • BIDUBAIDU INC
    +199,684
    $18.4M
  • SATS 3.875 11/30/30ECHOSTAR CORP
    +16,000,000
    $17.9M
  • KCKINGSOFT CLOUD HLDGS LTD
    +1,091,853
    $15.7M
  • LIVN 2.5 03/15/29LIVANOVA PLC
    +14,988,000
    $14.3M
  • NEE 3 03/01/27NEXTERA ENERGY CAP HLDGS INC
    +8,841,000
    $10.2M
  • + 32 more…
Added to48 names
Trimmed48 names
  • EXECHESAPEAKE ENERGY CORP
    −1,375,000
    $153.1M
  • CRCCALIFORNIA RES CORP
    −670,000
    $29.5M
  • JDJD.COM INC
    −449,156
    $18.5M
  • TLNTALEN ENERGY CORP
    −76,795
    $15.3M
  • GH 0 11/15/27GUARDANT HEALTH INC
    −16,459,000
    $14.6M
  • VALEVALE S A
    −1,177,223
    $11.7M
  • BZKANZHUN LIMITED
    −591,670
    $11.3M
  • PBRPETROLEO BRASILEIRO SA PETRO
    −693,232
    $9.9M
  • PCG 4.25 12/01/27PG&E CORP
    −9,050,000
    $9.6M
  • UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC
    −7,386,000
    $9.0M
  • BMABANCO MACRO SA
    −118,163
    $8.9M
  • FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL
    −6,815,000
    $8.3M
  • + 36 more…
Exited38 names
  • INFNEURINFINERA CORP
    −25,175,384
    $165.4M
  • 867975SUNRISE COMMUNICATIONS AG
    −1,440,836
    $62.1M
  • TCOMTRIP COM GROUP LTD
    −717,222
    $49.2M
  • YUMCYUM CHINA HLDGS INC
    −877,830
    $42.3M
  • INFYINFOSYS LTD
    −1,677,679
    $36.8M
  • NTESNETEASE INC
    −399,694
    $35.7M
  • 0E41ENLINK MIDSTREAM LLC
    −2,499,111
    $35.4M
  • PDDPINDUODUO INC
    −277,767
    $26.9M
  • ATEC 0.75 08/01/26ALPHATEC HLDGS INC
    −15,000,000
    $14.2M
  • SO 3.875 12/15/25SOUTHERN CO
    −12,686,000
    $13.3M
  • AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC
    −11,889,000
    $12.0M
  • PAMPAMPA ENERGIA S A
    −131,086
    $11.5M
  • + 26 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