What Howard Marks bought and sold in Q1 2026
In Q1 2026, Howard Marks (Oaktree Capital Management) opened 30 new positions — including INDV (3.6%), PBR (2.1%), COIN 0.5 06/01/26 (0.9%), added to 25, trimmed 25, exited 52 (NU, CABO 0 03/15/26, ABNB 0 03/15/26). The book stood at $5.91B across 143 positions, filed May 20, 2026.
30New25Added25Trimmed52Exited
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
- PCG 4.25 12/01/27Pg&e Corp0.1% · $4M
- PMT 8.5 06/01/29Pennymac 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
- BZKanzhun Ltd - Adrwas 0.5% of book
- CRCCalifornia Resources Corpwas 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
- FSLY 7.75 06/01/28Fastly Incwas <0.1% of book
- VSH 2.25 09/15/30Vishay Intertechnologywas <0.1% of book
- LYFT 0.625 03/01/29Lyft Incwas <0.1% of book
- HLF 4.25 06/15/28Herbalife Ltdwas <0.1% of book
- AFRM 0.75 12/15/29Affirm Holdings 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
- TYL 0.25 03/15/26Tyler Technologies 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
Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.