Howard Marks portfolio
Every US-listed position Oaktree Capital Management reported in its 13F for Q2 2026, the quarter ended 2026-06-30, filed with the SEC on 2026-08-14. 51 positions at the quarter end, after opening 10 and exiting 11 during it.
50 largest positions
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| TRMD | TORM plc | 13.87% | $524.26M | 20,329,874 | Trimmed |
| EXE | Expand Energy Corp | 12.64% | $477.61M | 5,237,477 | - |
| GTX | Garrett Motion Inc. | 7.28% | $275.16M | 7,594,816 | Trimmed |
| AU | AngloGold Ashanti PLC | 6.81% | $257.16M | 3,179,092 | Trimmed |
| INDV | Indivior Pharmaceuticals, Inc. | 6.65% | $251.40M | 6,127,212 | Trimmed |
| TDS | Telephone & Data Systems Inc | 5.17% | $195.52M | 5,282,905 | Added |
| VNOM | Viper Energy, Inc. | 4.25% | $160.76M | 3,791,432 | - |
| CORZ | Core Scientific, Inc. | 3.38% | $127.79M | 4,993,708 | Trimmed |
| TLN | Talen Energy Corp | 3.37% | $127.24M | 331,117 | - |
| B | Barrick Mining Corp | 3.12% | $117.76M | 3,206,087 | Added |
| ITUB | Itau Unibanco Holding S.A. | 2.59% | $97.86M | 11,977,665 | Trimmed |
| LBTYA | Liberty Global Ltd. | 2.57% | $97.23M | 8,551,191 | - |
| OCSL | Oaktree Specialty Lending Corp | 2.49% | $93.99M | 7,872,199 | Added |
| FCX | Freeport-McMoRan Inc | 2.00% | $75.54M | 1,201,122 | Trimmed |
| AERO | Grupo Aeromexico SAB de CV | 1.89% | $71.44M | 3,968,686 | - |
| KRC | Kilroy Realty Corp | 1.83% | $69.32M | 1,850,011 | - |
| SE | Sea Ltd | 1.61% | $60.89M | 635,443 | New |
| LILAK | Liberty Latin America Ltd. | 1.56% | $58.89M | 7,559,083 | Added |
| BLCO | Bausch & Lomb Corp | 1.51% | $56.98M | 3,441,042 | Added |
| VSAT | Viasat Inc | 1.50% | $56.61M | 630,280 | New |
| MMYT | MakeMyTrip Ltd | 1.39% | $52.39M | 983,068 | New |
| MATW | Matthews International Corp | 1.37% | $51.85M | 1,925,992 | New |
| XP | XP Inc. | 1.34% | $50.68M | 3,116,809 | Trimmed |
| YPF | YPF Sociedad Anonima | 1.19% | $45.08M | 991,346 | Added |
| TAC | TransAlta Corp | 1.10% | $41.49M | 3,000,000 | Trimmed |
| RWAY | Runway Growth Finance Corp. | 1.04% | $39.44M | 7,029,667 | - |
| EMBJ | Embraer S.A. | 0.74% | $28.05M | 439,706 | Trimmed |
| AD | Array Digital Infrastructure, Inc. | 0.67% | $25.27M | 696,858 | Trimmed |
| KRSP | Rice Acquisition Corp 3 | 0.67% | $25.20M | 2,400,000 | - |
| SHAZ | SharonAI Holdings Inc. | 0.65% | $24.51M | 289,456 | Trimmed |
| TX | Ternium S.A. | 0.65% | $24.44M | 572,324 | Trimmed |
| QMCO | Quantum Corp | 0.59% | $22.13M | 2,011,678 | New |
| SMPL | Simply Good Foods Co | 0.42% | $15.99M | 1,203,889 | Added |
| SGRY | Surgery Partners, Inc. | 0.38% | $14.49M | 862,588 | New |
| MINE | Mayfair Gold Corp. | 0.29% | $11.07M | 4,500,000 | - |
| BMM | Blue Moon Metals Inc. | 0.28% | $10.69M | 1,685,000 | - |
| SMRT | SmartRent, Inc. | 0.24% | $8.93M | 7,505,294 | - |
| MX | Magnachip Semiconductor Corp | 0.19% | $7.09M | 1,500,000 | Trimmed |
| LILA | Liberty Latin America Ltd. | 0.17% | $6.58M | 839,020 | - |
| BATL | Battalion Oil Corp | 0.10% | $3.94M | 3,009,912 | - |
| DPC | DPC Holdings plc | 0.10% | $3.68M | 75,000 | New |
| SVC | Service Properties Trust | 0.09% | $3.36M | 1,988,382 | New |
| BTAIQ | BioXcel Therapeutics, Inc. | 0.05% | $1.95M | 1,380,248 | Added |
| NNBR | NN Inc | 0.05% | $1.83M | 510,943 | New |
| TEO | Telecom Argentina SA | 0.04% | $1.51M | 116,105 | Trimmed |
| CX | CEMEX SAB de CV | 0.03% | $1.20M | 100,000 | Trimmed |
| ALVOW | Alvotech | 0.03% | $1.07M | 4,666,667 | - |
| STKL | SunOpta Inc. | 0.01% | $406.50K | 74,314 | Trimmed |
| KRSP-WS | Rice Acquisition Corp 3 | 0.01% | $396.00K | 399,999 | - |
| ALVO | Alvotech | 0.01% | $361.55K | 97,982 | Trimmed |
Showing the 50 largest of 51 positions by allocation. The full portfolio, sortable by value, allocation and share count, loads below.
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Trimmed | TRMD | TORM plc | -3,509,701 | $524.26M |
| Trimmed | GTX | Garrett Motion Inc. | -7,000,000 | $275.16M |
| Trimmed | AU | AngloGold Ashanti PLC | -44,000 | $257.16M |
| Trimmed | INDV | Indivior Pharmaceuticals, Inc. | -856,890 | $251.40M |
| Added | TDS | Telephone & Data Systems Inc | +990,662 | $195.52M |
| Trimmed | CORZ | Core Scientific, Inc. | -4,357,000 | $127.79M |
| Added | B | Barrick Mining Corp | +581,228 | $117.76M |
| Trimmed | ITUB | Itau Unibanco Holding S.A. | -211,330 | $97.86M |
| Added | OCSL | Oaktree Specialty Lending Corp | +6,019,743 | $93.99M |
| Trimmed | FCX | Freeport-McMoRan Inc | -19,000 | $75.54M |
| New | SE | Sea Ltd | +635,443 | $60.89M |
| Added | LILAK | Liberty Latin America Ltd. | +1,810,303 | $58.89M |
| Added | BLCO | Bausch & Lomb Corp | +58,303 | $56.98M |
| New | VSAT | Viasat Inc | +630,280 | $56.61M |
| New | MMYT | MakeMyTrip Ltd | +983,068 | $52.39M |
| New | MATW | Matthews International Corp | +1,925,992 | $51.85M |
| Trimmed | XP | XP Inc. | -55,200 | $50.68M |
| Added | YPF | YPF Sociedad Anonima | +104,881 | $45.08M |
| Trimmed | TAC | TransAlta Corp | -3,415,253 | $41.49M |
| Trimmed | EMBJ | Embraer S.A. | -7,900 | $28.05M |
| Trimmed | AD | Array Digital Infrastructure, Inc. | -27,586 | $25.27M |
| Trimmed | SHAZ | SharonAI Holdings Inc. | -710,544 | $24.51M |
| Trimmed | TX | Ternium S.A. | -10,600 | $24.44M |
| New | QMCO | Quantum Corp | +2,011,678 | $22.13M |
| Added | SMPL | Simply Good Foods Co | +75,000 | $15.99M |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
Other investors
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