What Howard Marks bought and sold in Q1 2026

New positions (30)

• INDVIndivior Pharmaceuticals Inc3.6% · $213M
• PBRPetroleo Brasileiro-spon Adr2.1% · $126M
• COIN 0.5 06/01/26Coinbase Global Inc0.9% · $52M
• YPFYpf S.a.-sponsored Adr0.7% · $41M
• QTWO 0.75 06/01/26Q2 Holdings Inc0.7% · $41M
• PRGS 1 04/15/26Progress Software Corp0.6% · $36M
• EMBJEmbraer Sa-spon Adr0.4% · $27M
• FOUR 0.5 08/01/27Shift4 Payments Inc0.4% · $26M
• SHAZSharonai Holdings Inc0.4% · $23M
• SMPLSimply Good Foods Co/the0.3% · $16M
• MINEMayfair Gold Corp0.2% · $14M
• ARWR 0 01/15/32Arrowhead Research Corp0.2% · $11M
• BMMBlue Moon Metals Inc0.2% · $11M
• NRGNrg Energy Inc0.1% · $7M
• AKAM 1.125 02/15/29Akamai Technologies Inc0.1% · $6M
• PD 1.5 10/15/28 *Pagerduty Inc.0.1% · $5M
• PMT 8.5 06/01/29Pennymac Corp0.1% · $4M
• PCG 4.25 12/01/27Pg&e Corp0.1% · $4M
• BKLNInvesco Senior Loan Etf0.1% · $4M
• JBTM 0.25 05/15/26Jbt Marel Corp<0.1% · $3M
• UBER 0.875 12/01/28 2028Uber Technologies Inc<0.1% · $2M
• NOG 3.625 04/15/29Northern Oil & Gas Inc<0.1% · $2M
• SNOW 0 10/01/27Snowflake Inc<0.1% · $2M
• MTH 1.75 05/15/28Meritage Homes Corp<0.1% · $2M
• RPD 0.25 03/15/27Rapid7 Inc<0.1% · $2M
• IRTC 1.5 09/01/29Irhythm Holdings Inc<0.1% · $1M
• RIVN 3.625 10/15/30Rivian Auto Inc<0.1% · $1M
• ALRM 2.25 06/01/29Alarm.com Hldgs Inc<0.1% · $931K
• IMCR 2.5 02/01/30Immunocore Holdings<0.1% · $751K
• PDDPdd Holdings Inc<0.1% · $493K

Added to (25)

• PEB 1.75 12/15/26Pebblebrook Hotel Trust+45% shares · 1.0% · $56M
• AWK 3.625 06/15/26American Water Capital C+1532% shares · 0.9% · $56M
• ETSY 0.25 06/15/28Etsy Inc+22% shares · 0.9% · $55M
• BMRN 1.25 05/15/27Biomarin Pharmaceutical+33% shares · 0.9% · $54M
• ENPH 0 03/01/28Enphase Energy Inc+48% shares · 0.9% · $51M
• VAC 3.25 12/15/27Marriott Vacation Worldw+29% shares · 0.8% · $50M
• SEALTD 0.25 09/15/26Sea Ltd+23% shares · 0.8% · $47M
• OKTA 0.375 06/15/26Okta Inc+66% shares · 0.8% · $47M
• BSY 0.375 07/01/27Bentley Systems+598% shares · 0.8% · $45M
• DKNG 0 03/15/28Draftkings Holdings Inc+76% shares · 0.7% · $40M
• XYZ 0 05/01/26Block Inc+87% shares · 0.6% · $38M
• DXCM 0.375 05/15/28Dexcom Inc+44% shares · 0.6% · $37M
• U 0 11/15/26Unity Software Inc+296% shares · 0.6% · $35M
• COGT 1.625 11/15/31Cogent Biosciences Inc+34% shares · 0.2% · $13M
• UPWK 0.25 08/15/26Upwork Inc+78% shares · 0.2% · $12M
• AFRM 0 11/15/26Affirm Holdings Inc+121% shares · 0.2% · $11M
• XYZ 0.25 11/01/27Block Inc+85% shares · 0.2% · $10M
• MSTR 0 12/01/29Strategy Inc+110% shares · 0.2% · $10M
• PENN 2.75 05/15/26Penn Entertainment Inc+93% shares · 0.2% · $10M
• TCOM 0.75 06/15/29Trip.com Group Ltd+538% shares · 0.1% · $8M
• NTNX 0.25 10/01/27Nutanix Inc+280% shares · 0.1% · $8M
• DOCN 0 12/01/26Digitalocean Holdings+59% shares · <0.1% · $3M
• MSTR 0.875 03/15/31Strategy Inc+69% shares · <0.1% · $2M
• PSN 2.625 03/01/29Parsons Corp+78% shares · <0.1% · $2M
• GLAD 5.875 10/01/30Gladstone Capital Corp+152% shares · <0.1% · $2M

Trimmed (25)

• VNOMViper Energy Inc-cl A-40% shares · 3.0% · $178M
• NOKNokia Corp-spon Adr-40% shares · 1.5% · $90M
• CXCemex Sab-spons Adr Part Cer-52% shares · 0.5% · $32M
• ECVTEcovyst Inc-44% shares · 0.5% · $31M
• CBRL 0.625 06/15/26Cracker Barrel Old Count-21% shares · 0.4% · $26M
• FIVN 1 03/15/29Five9 Inc-28% shares · 0.3% · $19M
• TEOTelecom Argentina Sa-sp Adr-31% shares · 0.3% · $19M
• NVST 1.75 08/15/28Envista Holdings Corp-48% shares · 0.3% · $16M
• NBR 1.75 06/15/29Nabors Industries Inc-33% shares · 0.2% · $15M
• JD 0.25 06/01/29Jd.com Inc-43% shares · 0.2% · $11M
• AVAV 0 07/15/30Aerovironment Inc-35% shares · 0.2% · $10M
• RDFN 0.5 04/01/27Redfin Corp-22% shares · 0.1% · $9M
• WGO 3.25 01/15/30Winnebago Industries-54% shares · 0.1% · $9M
• MGPI 1.875 11/15/41Mgp Ingredients Inc-73% shares · 0.1% · $6M
• SNAP 0.125 03/01/28Snap Inc-55% shares · 0.1% · $5M
• NEO 0.25 01/15/28Neogenomics Inc-21% shares · 0.1% · $5M
• GPRE 2.25 03/15/27Green Plains Inc-35% shares · 0.1% · $5M
• UPST 0.25 08/15/26Upstart Holdings Inc-32% shares · 0.1% · $5M
• BAND 0.5 04/01/28Bandwidth Inc-69% shares · 0.1% · $4M
• SO 4.5 06/15/27Southern CO-26% shares · 0.1% · $4M
• COIN 0.25 04/01/30Coinbase Global Inc-78% shares · <0.1% · $2M
• POST 2.5 08/15/27Post Holdings Inc-26% shares · <0.1% · $2M
• JAZZ 3.125 09/15/30Jazz Investments I Ltd-86% shares · <0.1% · $2M
• LYV 2.875 01/15/30Live Nation Entertainmen-81% shares · <0.1% · $2M
• FLR 1.125 08/15/29Fluor Corp-85% shares · <0.1% · $2M

Exited (52)

• NUNU Holdings Ltd/cayman Islandswas 1.2% of book
• CABO 0 03/15/26Cable One Incwas 0.9% of book
• ABNB 0 03/15/26Airbnb Incwas 0.8% of book
• VISTVista Energy Sab DE CVwas 0.6% of book
• YMMFull Truck Alliance -spn Adrwas 0.6% of book
• CRCCalifornia Resources Corpwas 0.5% of book
• BZKanzhun Ltd - Adrwas 0.5% of book
• ALRM 0 01/15/26Alarm.com Hldgs Incwas 0.4% of book
• VALEVale Sa-sp Adrwas 0.4% of book
• INN 1.5 02/15/26Summit Hotel Propertieswas 0.3% of book
• INFYInfosys Ltd-sp Adrwas 0.3% of book
• DAY 0.25 03/15/26Dayforce Incwas 0.3% of book
• ONITOnity Group Incwas 0.3% of book
• LIVN 2.5 03/15/29Livanova Plcwas 0.3% of book
• PPL 2.875 03/15/28Ppl Capital Funding Incwas 0.3% of book
• TTEK 2.25 08/15/28Tetra Tech Incwas 0.3% of book
• CMS 3.375 05/01/28Cms Energy Corpwas 0.3% of book
• HAE 0 03/01/26Haemonetics Corpwas 0.2% of book
• WEC 4.375 06/01/29Wec Energy Group Incwas 0.2% of book
• LNTH 2.625 12/15/27Lantheus Holdings Incwas 0.2% of book
• PMT 5.5 03/15/26Pennymac Corpwas 0.2% of book
• ENPH 0 03/01/26Enphase Energy Incwas 0.2% of book
• MGNI 0.25 03/15/26Magnite Incwas 0.2% of book
• EXEELChesapeake Energy Corp -cw26was 0.2% of book
• BHCBausch Health Cos Incwas 0.1% of book
• FRPT 3 04/01/28Freshpet Incwas 0.1% of book
• MKSI 1.25 06/01/30Mks Incwas 0.1% of book
• VERX 0.75 05/01/29Vertex Incwas 0.1% of book
• SHAK 0 03/01/28Shake Shack Incwas 0.1% of book
• MITK 0.75 02/01/26Mitek Systems Incwas 0.1% of book
• NTNX 0.5 12/15/29Nutanix Incwas 0.1% of book
• TWO 6.25 01/15/26Two Harbors Inv Corpwas 0.1% of book
• F 0 03/15/26Ford Motor Companywas <0.1% of book
• BBIO 2.25 02/01/29Bridgebio Pharma Incwas <0.1% of book
• ON 0 05/01/27ON Semiconductor Corpwas <0.1% of book
• WT 3.25 08/15/29Wisdomtree Incwas <0.1% of book
• DBX 0 03/01/26Dropbox Incwas <0.1% of book
• MTN 0 01/01/26Vail Resorts Incwas <0.1% of book
• GRPN 1.125 03/15/26Groupon Incwas <0.1% of book
• BL 0 03/15/26Blackline Incwas <0.1% of book
• SPOT 0 03/15/26Spotify Usa Incwas <0.1% of book
• VSH 2.25 09/15/30Vishay Intertechnologywas <0.1% of book
• FSLY 7.75 06/01/28Fastly Incwas <0.1% of book
• HLF 4.25 06/15/28Herbalife Ltdwas <0.1% of book
• LYFT 0.625 03/01/29Lyft Incwas <0.1% of book
• AFRM 0.75 12/15/29Affirm Holdings Incwas <0.1% of book
• TYL 0.25 03/15/26Tyler Technologies Incwas <0.1% of book
• ASND 2.25 04/01/28Ascendis Pharma A/swas <0.1% of book
• RNG 0 03/15/26Ringcentral Incwas <0.1% of book
• FSLY 0 03/15/26Fastly Incwas <0.1% of book
• GH 0 11/15/27Guardant Health Incwas <0.1% of book
• PTON 0 02/15/26Peloton Interactive Incwas <0.1% of book

Howard Marks's other filings