What Howard Marks bought and sold in Q2 2025

New positions (38)

• BBarrick Mining Corp1.3% · $66M
• BLCOBausch + Lomb Corp0.7% · $33M
• YMMFull Truck Alliance -spn Adr0.4% · $22M
• DAY 0.25 03/15/26Dayforce Inc0.3% · $17M
• DXCM 0.25 11/15/25Dexcom Inc0.3% · $16M
• SO 4.5 06/15/27Southern CO0.3% · $15M
• SESea Ltd-adr0.3% · $13M
• JD 0.25 06/01/29Jd.com Inc0.3% · $13M
• MKSI 1.25 06/01/30Mks Inc0.2% · $12M
• YPFYpf S.a.-sponsored Adr0.2% · $10M
• CBRL 0.625 06/15/26Cracker Barrel Old Count0.2% · $10M
• WEC 4.375 06/01/29Wec Energy Group Inc0.2% · $8M
• VRNT 0.25 04/15/26Verint Systems Inc0.1% · $8M
• BL 1 06/01/29Blackline Inc0.1% · $7M
• BABA 0.5 06/01/31Alibaba Group Holding0.1% · $7M
• VAC 0 01/15/26Marriott Vacation Worldw0.1% · $7M
• MTH 1.75 05/15/28Meritage Homes Corp0.1% · $6M
• HAE 2.5 06/01/29Haemonetics Corp0.1% · $5M
• HDSNHudson Technologies Inc0.1% · $5M
• TCOM 0.75 06/15/29Trip.com Group Ltd0.1% · $4M
• NBR 1.75 06/15/29Nabors Industries Inc0.1% · $4M
• BILL 0 04/01/27Bill Holdings Inc<0.1% · $2M
• NET 0 08/15/26Cloudflare Inc<0.1% · $2M
• NVCR 0 11/01/25Novocure Ltd<0.1% · $2M
• CALY 2.75 05/01/26Callaway Golf CO<0.1% · $2M
• RDFN 0 10/15/25Redfin Corp<0.1% · $2M
• HALO 0.25 03/01/27Halozyme Therapeutics IN<0.1% · $2M
• BSY 0.375 07/01/27Bentley Systems<0.1% · $2M
• SNAP 0 05/01/27Snap Inc<0.1% · $2M
• AAL 6.5 07/01/25American Airlines Group<0.1% · $2M
• BMRN 1.25 05/15/27Biomarin Pharmaceutical<0.1% · $1M
• TYL 0.25 03/15/26Tyler Technologies Inc<0.1% · $1M
• UBER 0 12/15/25Uber Technologies Inc<0.1% · $1M
• LNTH 2.625 12/15/27Lantheus Holdings Inc<0.1% · $1M
• PD 1.25 07/01/25Pagerduty Inc.<0.1% · $1M
• BL 0 03/15/26Blackline Inc<0.1% · $983K
• BTAIBioxcel Therapeutics Inc<0.1% · $437K
• LCII 1.125 05/15/26Lci Industries<0.1% · $155K

Added to (48)

• ITUBItau Unibanco H-spon Prf Adr+59% shares · 1.5% · $75M
• PEB 1.75 12/15/26Pebblebrook Hotel Trust+45% shares · 1.2% · $59M
• JBLU 0.5 04/01/26Jetblue Airways Corp+39% shares · 1.1% · $58M
• CABO 0 03/15/26Cable One Inc+22% shares · 1.0% · $49M
• ABNB 0 03/15/26Airbnb Inc+45% shares · 0.7% · $35M
• INN 1.5 02/15/26Summit Hotel Properties+1380% shares · 0.6% · $30M
• SEALTD 0.25 09/15/26Sea Ltd+35% shares · 0.6% · $28M
• TDOC 1.25 06/01/27Teladoc Health Inc+98% shares · 0.6% · $28M
• BZKanzhun Ltd - Adr+34% shares · 0.6% · $28M
• ETSY 0.25 06/15/28Etsy Inc+27% shares · 0.5% · $27M
• BEKEKE Holdings Inc-adr+21% shares · 0.5% · $27M
• CNMD 2.25 06/15/27Conmed Corp+59% shares · 0.5% · $26M
• SNAP 0.125 03/01/28Snap Inc+42% shares · 0.5% · $26M
• SATS 3.875 11/30/30Echostar Corp+34% shares · 0.5% · $25M
• ALRM 0 01/15/26Alarm.com Hldgs Inc+221% shares · 0.5% · $24M
• VAC 3.25 12/15/27Marriott Vacation Worldw+68% shares · 0.5% · $24M
• ENPH 0 03/01/26Enphase Energy Inc+104% shares · 0.4% · $23M
• WIX 0 08/15/25Wix Ltd+332% shares · 0.4% · $21M
• NVST 1.75 08/15/28Envista Holdings Corp+30% shares · 0.4% · $21M
• OKTA 0.125 09/01/25Okta Inc+517% shares · 0.4% · $20M
• AGCN 0.375 01/15/27First Majestic Silver+32% shares · 0.4% · $20M
• BBIO 2.25 02/01/29Bridgebio Pharma Inc+28% shares · 0.3% · $17M
• ENPH 0 03/01/28Enphase Energy Inc+25% shares · 0.2% · $12M
• UPST 0.25 08/15/26Upstart Holdings Inc+22% shares · 0.2% · $11M
• COIN 0.25 04/01/30Coinbase Global Inc+177% shares · 0.2% · $10M
• TTEK 2.25 08/15/28Tetra Tech Inc+282% shares · 0.2% · $8M
• PSN 2.625 03/01/29Parsons Corp+377% shares · 0.2% · $8M
• MTN 0 01/01/26Vail Resorts Inc+27% shares · 0.1% · $7M
• MGNI 0.25 03/15/26Magnite Inc+196% shares · 0.1% · $6M
• RDFN 0.5 04/01/27Redfin Corp+155% shares · 0.1% · $6M
• LITE 1.5 12/15/29Lumentum Holdings Inc+110% shares · 0.1% · $6M
• NICEIT 0 09/15/25Nice Ltd+196% shares · 0.1% · $6M
• UPWK 0.25 08/15/26Upwork Inc+187% shares · 0.1% · $6M
• RGEN 1 12/15/28Repligen Corp+163% shares · 0.1% · $6M
• FUBO 3.25 02/15/26Fubotv Inc+27% shares · 0.1% · $5M
• FVRR 0 11/01/25Fiverr International Ltd+76% shares · 0.1% · $5M
• ARRY 1 12/01/28Array Technologies Inc+96% shares · 0.1% · $5M
• GES 3.75 04/15/28Guess Inc+193% shares · 0.1% · $5M
• OKTA 0.375 06/15/26Okta Inc+254% shares · 0.1% · $4M
• HAE 0 03/01/26Haemonetics Corp+29% shares · 0.1% · $4M
• DUK 4.125 04/15/26Duke Energy Corp+150% shares · 0.1% · $4M
• LI 0.25 05/01/28LI Auto Inc+127% shares · 0.1% · $4M
• RWT 7.75 06/15/27Redwood Trust Inc+251% shares · 0.1% · $4M
• CRNC 1.5 07/01/28Cerence Inc+725% shares · 0.1% · $4M
• BAND 0.5 04/01/28Bandwidth Inc+42% shares · 0.1% · $4M
• BBIO 2.5 03/15/27Bridgebio Pharma Inc+68% shares · 0.1% · $3M
• ON 0 05/01/27ON Semiconductor Corp+56% shares · <0.1% · $2M
• ESPR 4 11/15/25Esperion Therapeutics+89% shares · <0.1% · $1M

Trimmed (27)

• CXCemex Sab-spons Adr Part Cer-23% shares · 2.0% · $103M
• TLNTalen Energy Corp-59% shares · 0.7% · $38M
• VALEVale Sa-sp Adr-66% shares · 0.4% · $20M
• HOUS 0.25 06/15/26Anywhere RE Grp/realogy-61% shares · 0.3% · $13M
• LIVN 2.5 03/15/29Livanova Plc-33% shares · 0.2% · $10M
• SHAK 0 03/01/28Shake Shack Inc-24% shares · 0.2% · $9M
• DXCM 0.375 05/15/28Dexcom Inc-21% shares · 0.2% · $8M
• HTHT 3 05/01/26H World Group Ltd-37% shares · 0.1% · $7M
• ZD 1.75 11/01/26Ziff Davis Inc-21% shares · 0.1% · $5M
• TWO 6.25 01/15/26Two Harbors Inv Corp-26% shares · 0.1% · $5M
• GH 0 11/15/27Guardant Health Inc-77% shares · 0.1% · $5M
• BMABanco Macro Sa-adr-77% shares · 0.1% · $4M
• TGSTransportador Gas-adr SP B-72% shares · 0.1% · $4M
• PTON 0 02/15/26Peloton Interactive Inc-23% shares · 0.1% · $4M
• SRPT 1.25 09/15/27Sarepta Therapeutics Inc-51% shares · 0.1% · $4M
• HLF 4.25 06/15/28Herbalife Ltd-22% shares · 0.1% · $3M
• NEO 0.25 01/15/28Neogenomics Inc-88% shares · 0.1% · $3M
• XYZ 0.25 11/01/27Block Inc-64% shares · <0.1% · $2M
• PCG 4.25 12/01/27Pg&e Corp-68% shares · <0.1% · $2M
• ASND 2.25 04/01/28Ascendis Pharma A/s-87% shares · <0.1% · $2M
• BAKBraskem Sa-class A- Adr-81% shares · <0.1% · $1M
• IRTC 1.5 09/01/29Irhythm Holdings Inc-45% shares · <0.1% · $1M
• GRPN 1.125 03/15/26Groupon Inc-47% shares · <0.1% · $1M
• VTR 3.75 06/01/26Ventas Realty LP-20% shares · <0.1% · $1M
• ALNY 1 09/15/27Alnylam Pharmaceuticals-25% shares · <0.1% · $976K
• STX 3.5 06/01/28Seagate Hdd Cayman-77% shares · <0.1% · $900K
• XYZ 0 05/01/26Block Inc-73% shares · <0.1% · $493K

Exited (31)

• ABXBarrick Gold Corpwas 1.0% of book
• CHRS 1.5 04/15/26Coherus Oncology Incwas 1.0% of book
• HTHTH World Group Ltd-adrwas 0.9% of book
• JDJd.com Inc-adrwas 0.8% of book
• PBRPetroleo Brasileiro-spon Adrwas 0.8% of book
• BILIBilibili Inc-sponsored Adrwas 0.7% of book
• BIDUBaidu Inc - Spon Adrwas 0.4% of book
• KCKingsoft Cloud Holdings-adrwas 0.3% of book
• ONITOnity Group Incwas 0.3% of book
• NCLH 1.125 02/15/27Ncl Corporation Ltdwas 0.2% of book
• PCRX 0.75 08/01/25Pacira Biosciences Incwas 0.2% of book
• DQDaqo New Energy Corp-adrwas 0.1% of book
• EYE 2.5 05/15/25National Vision Holdingswas 0.1% of book
• FIVN 0.5 06/01/25Five9 Incwas 0.1% of book
• TNDM 1.5 03/15/29 2024Tandem Diabetes Care Incwas 0.1% of book
• LITE 0.5 06/15/28Lumentum Holdings Incwas 0.1% of book
• SHOPCN 0.125 11/01/25Shopify Incwas 0.1% of book
• ZTO 1.5 09/01/27Zto Express KY Incwas 0.1% of book
• W 0.625 10/01/25Wayfair Incwas 0.1% of book
• EXPE 0 02/15/26Expedia Group Incwas 0.1% of book
• SEDG 0 09/15/25Solar Edge Technologieswas 0.1% of book
• TDOC 0.875 06/01/25Livongo Healthwas <0.1% of book
• SNAP 0.25 05/01/25Snap Incwas <0.1% of book
• EZPW 2.375 05/01/25Ezcorp Incwas <0.1% of book
• NEO 1.25 05/01/25Neogenomics Incwas <0.1% of book
• LNT 3.875 03/15/26Alliant Energy Corpwas <0.1% of book
• LYFT 0.625 03/01/29Lyft Incwas <0.1% of book
• MGPI 1.875 11/15/41Mgp Ingredients Incwas <0.1% of book
• FWONK 2.25 08/15/27Liberty Media Corpwas <0.1% of book
• HCAT 2.5 04/15/25Health Catalyst Incwas <0.1% of book
• REAL 4 02/15/31The Realreal Incwas <0.1% of book

Howard Marks's other filings