What stocks does Howard Marks own?

As of 2026Q2, Howard Marks's 13F discloses 138 positions worth $5.31B. The top five holdings: TRMD (9.9%), EXE (9.0%), GTX (5.2%), AU (4.8%), INDV (4.7%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.

What did Howard Marks buy this quarter?

In 2026Q2, the filing shows 36 new positions and 31 additions to existing holdings. The largest positions touched by buying: TDS, B, OCSL, SEALTD 0.25 09/15/26, SE.

How big is Howard Marks's portfolio?

$5.31B across 138 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 34% of the disclosed book.

← All super investors

Howard Marks

Oaktree Capital Management

$5.31B

disclosed 13F portfolio · 138 positions

top-5 concentration34%

Q2 2026 · filed Aug 14, 2026

Cloning this 13F returned4.3%/yrvs the S&P 500's13.7%/yrover the same 12.2 years· why →

Howard Marks (Oaktree Capital Management) discloses a $5.31B portfolio across 138 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is TRMD at 9.9% of the book. The biggest move of the quarter: trimmed the GTX share count by 48% (position now $275M). Mechanically cloning this 13F returned 4.3%/yr over the past 12.2 years, versus 13.7%/yr for the S&P 500 across that identical 12.2-year window.

Share𝕏 in

Holdings (138) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	TRMD	Torm Plc	9.9%		32q held	$524M
2	EXE	Expand Energy Corp	9.0%		22q held	$478M
3	GTX	Garrett Motion Inc	5.2%	-48%	22q held	$275M
4	AU	Anglogold Ashanti Plc	4.8%		12q held	$257M
5	INDV	Indivior Pharmaceuticals Inc	4.7%		2q held	$251M
6	TDS	Telephone And Data Systems	3.7%	+23%	4q held	$196M
7	VNOM	Viper Energy Inc-cl A	3.0%		4q held	$161M
8	CORZ	Core Scientific Inc	2.4%	-47%	4q held	$128M
9	TLN	Talen Energy Corp	2.4%		8q held	$127M
10	B	Barrick Mining Corp	2.2%	+22%	5q held	$118M
11	ITUB	Itau Unibanco H-spon Prf Adr	1.8%		39q held	$98M
12	G61188101	Liberty Global Ltd	1.8%		10q held	$97M
13	OCSL	Oaktree Specialty Lending CO	1.8%	+325%	14q held	$94M
14	FCX	Freeport-mcmoran Inc	1.4%		20q held	$76M
15	AERO	Grupo Aeromexico Sab DE CV	1.3%		3q held	$71M
16	KRC	Kilroy Realty Corp	1.3%		22q held	$69M
17	PEB 1.75 12/15/26	Pebblebrook Hotel Trust	1.2%		21q held	$63M
18	BMRN 1.25 05/15/27	Biomarin Pharmaceutical	1.2%		5q held	$62M
19	SEALTD 0.25 09/15/26	Sea Ltd	1.2%	+31%	20q held	$62M
20	ETSY 0.25 06/15/28	Etsy Inc	1.2%		17q held	$61M
21	SE	Sea Ltd-adr	1.1%	New	3q held	$61M
22	G9001E128	Liberty Latin America Ltd	1.1%	+31%	5q held	$59M
23	ENPH 0 03/01/28	Enphase Energy Inc	1.1%		13q held	$58M
24	DXCM 0.375 05/15/28	Dexcom Inc	1.1%	+51%	6q held	$57M
25	BLCO	Bausch + Lomb Corp	1.1%		5q held	$57M
26	VSAT	Viasat Inc	1.1%	New	— 1q held	$57M
27	SATS 3.875 11/30/30	Echostar Corp	1.1%		5q held	$56M
28	VAC 3.25 12/15/27	Marriott Vacation Worldw	1.1%		10q held	$56M
29	DKNG 0 03/15/28	Draftkings Holdings Inc	1.0%	+32%	5q held	$54M
30	CNMD 2.25 06/15/27	Conmed Corp	1.0%	+48%	11q held	$52M
31	V5633W109	Makemytrip Ltd	1.0%	New	— 1q held	$52M
32	RIOT 0.75 01/15/30	Riot Platforms Inc	1.0%	-67%	3q held	$52M
33	TDOC 1.25 06/01/27	Teladoc Health Inc	1.0%	+62%	14q held	$52M
34	BSY 0.375 07/01/27	Bentley Systems	1.0%		13q held	$52M
35	MATW	Matthews Intl Corp-class A	1.0%	New	— 1q held	$52M
36	G98239109	XP Inc	1.0%		10q held	$51M
37	U 0 11/15/26	Unity Software Inc	0.9%	+38%	15q held	$49M
38	FIVN 1 03/15/29	Five9 Inc	0.9%	+145%	4q held	$47M
39	FOUR 0.5 08/01/27	Shift4 Payments Inc	0.9%	+78%	14q held	$46M
40	YPF	Ypf S.a.-sponsored Adr	0.8%		10q held	$45M
41	TAC	Transalta Corp	0.8%	-53%	6q held	$41M
42	RWAY	Runway Growth Finance Corp	0.7%		19q held	$39M
43	194014AB2	Enovis Corp	0.7%	New	— 1q held	$38M
44	AMPH 2 03/15/29	Amphastar Pharmaceutical	0.7%		4q held	$37M
45	AFRM 0 11/15/26	Affirm Holdings Inc	0.6%	+202%	14q held	$34M
46	ARRY 1 12/01/28	Array Technologies Inc	0.6%		11q held	$32M
47	EMBJ	Embraer Sa-spon Adr	0.5%		2q held	$28M
48	SNAP 0 05/01/27	Snap Inc	0.5%	+42%	8q held	$27M
49	AD	Array Digital Infrastructure	0.5%		4q held	$25M
50	G7553X106	Rice Acquisition Corp 3	0.5%		3q held	$25M
51	SHAZ	Sharonai Holdings Inc	0.5%	-71%	2q held	$25M
52	SPB 3.375 06/01/29	Spectrum Brands Inc	0.5%		4q held	$25M
53	TX	Ternium Sa-sponsored Adr	0.5%		17q held	$24M
54	747906600	Quantum Corp	0.4%	New	— 1q held	$22M
55	WGO 3.25 01/15/30	Winnebago Industries	0.4%	+114%	4q held	$19M
56	XYZ 0.25 11/01/27	Block Inc	0.3%	+64%	7q held	$17M
57	SNAP 0.125 03/01/28	Snap Inc	0.3%	+191%	14q held	$16M
58	SMPL	Simply Good Foods Co/the	0.3%		2q held	$16M
59	COGT 1.625 11/15/31	Cogent Biosciences Inc	0.3%		3q held	$15M
60	SGRY	Surgery Partners Inc	0.3%	New	— 1q held	$14M
61	BXMT 5.5 03/15/27	Blackstone Mortgage TR	0.3%		12q held	$14M
62	UPWK 0.25 08/15/26	Upwork Inc	0.3%		10q held	$14M
63	WK 1.25 08/15/28	Workiva Inc	0.3%	New	4q held	$14M
64	29786AAQ9	Etsy Inc	0.3%	New	— 1q held	$14M
65	RDFN 0.5 04/01/27	Redfin Corp	0.3%	+53%	13q held	$14M
66	STWD 6.75 07/15/27	Starwood Property Trust	0.2%	New	— 1q held	$12M
67	SNOW 0 10/01/27	Snowflake Inc	0.2%	+347%	2q held	$12M
68	NBR 1.75 06/15/29	Nabors Industries Inc	0.2%	-26%	5q held	$11M
69	AVAV 0 07/15/30	Aerovironment Inc	0.2%		4q held	$11M
70	ITRI 1.375 07/15/30	Itron Inc	0.2%		3q held	$11M
71	ZD 1.75 11/01/26	Ziff Davis Inc	0.2%		8q held	$11M
72	MINE	Mayfair Gold Corp	0.2%		2q held	$11M
73	ARWR 0 01/15/32	Arrowhead Research Corp	0.2%		2q held	$11M
74	BMM	Blue Moon Metals Inc	0.2%		2q held	$11M
75	NVST 1.75 08/15/28	Envista Holdings Corp	0.2%	-36%	7q held	$10M
76	18915MAF4	Cloudflare Inc	0.2%	New	— 1q held	$10M
77	RPD 0.25 03/15/27	Rapid7 Inc	0.2%	+503%	4q held	$10M
78	FRPT 3 04/01/28	Freshpet Inc	0.2%	New	3q held	$9M
79	ATEC 0.75 08/01/26	Alphatec Holdings Inc	0.2%	New	5q held	$9M
80	SMRT	Smartrent Inc	0.2%		18q held	$9M
81	UPST 0.25 08/15/26	Upstart Holdings Inc	0.2%	+71%	15q held	$8M
82	82982TAA4	Sitime Corp	0.2%	New	— 1q held	$8M
83	RWT 7.75 06/15/27	Redwood Trust Inc	0.2%		8q held	$8M
84	25809KAB1	Doordash Inc	0.1%	New	— 1q held	$8M
85	JD 0.25 06/01/29	Jd.com Inc	0.1%	-27%	5q held	$8M
86	ALRM 2.25 06/01/29	Alarm.com Hldgs Inc	0.1%	+711%	2q held	$8M
87	PMT 8.5 06/01/29	Pennymac Corp	0.1%	+79%	2q held	$7M
88	CRNC 1.5 07/01/28	Cerence Inc	0.1%	+33%	6q held	$7M
89	15102KAB6	Celcuity Inc	0.1%	New	— 1q held	$7M
90	MX	Magnachip Semiconductor Corp	0.1%	-47%	38q held	$7M
91	WK 1.125 08/15/26	Workiva Inc	0.1%	New	3q held	$7M
92	22410JAD8	Cracker Barrel Old Country Store Inc	0.1%	New	— 1q held	$7M
93	ETSY 0.125 09/01/27	Etsy Inc	0.1%	New	— 1q held	$7M
94	PD 1.5 10/15/28 *	Pagerduty Inc.	0.1%	+20%	2q held	$7M
95	G9001E102	Liberty Latin America Ltd	0.1%		4q held	$7M
96	SRPT 1.25 09/15/27	Sarepta Therapeutics Inc	0.1%	New	10q held	$6M
97	501812AD3	Lci Industries	0.1%	New	— 1q held	$6M
98	90353TAS9	Uber Technologies Inc	0.1%	New	— 1q held	$6M
99	BILL 0 04/01/27	Bill Holdings Inc	0.1%	+91%	5q held	$6M
100	GPRE 2.25 03/15/27	Green Plains Inc	0.1%		8q held	$5M
101	GLAD 5.875 10/01/30	Gladstone Capital Corp	0.1%	+163%	3q held	$5M
102	MSTR 0 12/01/29	Strategy Inc	0.1%	-55%	3q held	$5M
103	337932AT4	Firstenergy Corp	0.1%	New	— 1q held	$5M
104	781154AD1	Rubrik Inc	0.1%	New	— 1q held	$5M
105	NOG 3.625 04/15/29	Northern Oil & Gas Inc	0.1%	+131%	6q held	$4M
106	BATL	Battalion Oil Corp	0.1%		26q held	$4M
107	G2R11M108	Dpc Holdings Ltd	0.1%	New	— 1q held	$4M
108	RIVN 3.625 10/15/30	Rivian Auto Inc	0.1%	+162%	2q held	$4M
109	ZD 3.625 03/01/28	Ziff Davis Inc	0.1%		4q held	$3M
110	TMDX 1.5 06/01/28	Transmedics Group Inc	0.1%	New	2q held	$3M
111	SVC	Service Properties Trust	0.1%	New	— 1q held	$3M
112	92939UAT3	Wec Energy Group Inc	0.1%	New	— 1q held	$3M
113	AKAM 1.125 02/15/29	Akamai Technologies Inc	0.1%	-51%	2q held	$3M
114	NCLH 1.125 02/15/27	Ncl Corporation Ltd	0.1%	New	10q held	$3M
115	NTNX 0.25 10/01/27	Nutanix Inc	<0.1%	-71%	11q held	$2M
116	MGPI 1.875 11/15/41	Mgp Ingredients Inc	<0.1%	-60%	5q held	$2M
117	UBER 0.875 12/01/28 2028	Uber Technologies Inc	<0.1%		6q held	$2M
118	LYV 2.875 01/15/30	Live Nation Entertainmen	<0.1%		3q held	$2M
119	HAE 2.5 06/01/29	Haemonetics Corp	<0.1%	+150%	4q held	$2M
120	DDOG 0 12/01/29	Datadog Inc	<0.1%	-82%	3q held	$2M
121	BTAI	Bioxcel Therapeutics Inc	<0.1%	+472%	5q held	$2M
122	NNBR	NN Inc	<0.1%	New	— 1q held	$2M
123	FLR 1.125 08/15/29	Fluor Corp	<0.1%		8q held	$2M
124	399473AK3	Groupon Inc	<0.1%	New	— 1q held	$2M
125	ON 0.5 03/01/29	ON Semiconductor Corp	<0.1%	New	7q held	$2M
126	TEO	Telecom Argentina Sa-sp Adr	<0.1%	-93%	33q held	$2M
127	76155XAA8	Revolution Medicines Inc	<0.1%	New	— 1q held	$1M
128	CX	Cemex Sab-spons Adr Part Cer	<0.1%	-96%	39q held	$1M
129	L01800116	Alvotech SA	<0.1%		17q held	$1M
130	NEO 0.25 01/15/28	Neogenomics Inc	<0.1%	-81%	18q held	$980K
131	BABA 0.5 06/01/31	Alibaba Group Holding	<0.1%	New	2q held	$886K
132	SNAP 0.75 08/01/26	Snap Inc	<0.1%	-77%	9q held	$873K
133	IMCR 2.5 02/01/30	Immunocore Holdings	<0.1%		2q held	$766K
134	STKL	Sunopta Inc	<0.1%	-100%	38q held	$406K
135	G7553X114	Rice Acquisition Corp 3	<0.1%		3q held	$396K
136	L01800108	Alvotech SA	<0.1%	-59%	17q held	$362K
137	SHAK 0 03/01/28	Shake Shack Inc	<0.1%	New	16q held	$252K
138	67623C307	Office Properties Income Trust/md	<0.1%	New	— 1q held	$184K

Sort↑

1TRMD
port9.9%
val$524M
Torm Plc
this Q hold·32q
2EXE
port9.0%
val$478M
Expand Energy Corp
this Q hold·22q
3GTX
port5.2%
val$275M
Garrett Motion Inc
this Q -48%·22q
4AU
port4.8%
val$257M
Anglogold Ashanti Plc
this Q hold·12q
5INDV
port4.7%
val$251M
Indivior Pharmaceuticals Inc
this Q hold·2q
6TDS
port3.7%
val$196M
Telephone And Data Systems
this Q +23%·4q
7VNOM
port3.0%
val$161M
Viper Energy Inc-cl A
this Q hold·4q
8CORZ
port2.4%
val$128M
Core Scientific Inc
this Q -47%·4q
9TLN
port2.4%
val$127M
Talen Energy Corp
this Q hold·8q
10B
port2.2%
val$118M
Barrick Mining Corp
this Q +22%·5q
11ITUB
port1.8%
val$98M
Itau Unibanco H-spon Prf Adr
this Q hold·39q
12G61188101
port1.8%
val$97M
Liberty Global Ltd
this Q hold·10q
13OCSL
port1.8%
val$94M
Oaktree Specialty Lending CO
this Q +325%·14q
14FCX
port1.4%
val$76M
Freeport-mcmoran Inc
this Q hold·20q
15AERO
port1.3%
val$71M
Grupo Aeromexico Sab DE CV
this Q hold·3q
16KRC
port1.3%
val$69M
Kilroy Realty Corp
this Q hold·22q
17PEB 1.75 12/15/26
port1.2%
val$63M
Pebblebrook Hotel Trust
this Q hold·21q
18BMRN 1.25 05/15/27
port1.2%
val$62M
Biomarin Pharmaceutical
this Q hold·5q
19SEALTD 0.25 09/15/26
port1.2%
val$62M
Sea Ltd
this Q +31%·20q
20ETSY 0.25 06/15/28
port1.2%
val$61M
Etsy Inc
this Q hold·17q
21SE
port1.1%
val$61M
Sea Ltd-adr
this Q New·3q
22G9001E128
port1.1%
val$59M
Liberty Latin America Ltd
this Q +31%·5q
23ENPH 0 03/01/28
port1.1%
val$58M
Enphase Energy Inc
this Q hold·13q
24DXCM 0.375 05/15/28
port1.1%
val$57M
Dexcom Inc
this Q +51%·6q
25BLCO
port1.1%
val$57M
Bausch + Lomb Corp
this Q hold·5q
26VSAT
port1.1%
val$57M
Viasat Inc
this Q New·—1q
27SATS 3.875 11/30/30
port1.1%
val$56M
Echostar Corp
this Q hold·5q
28VAC 3.25 12/15/27
port1.1%
val$56M
Marriott Vacation Worldw
this Q hold·10q
29DKNG 0 03/15/28
port1.0%
val$54M
Draftkings Holdings Inc
this Q +32%·5q
30CNMD 2.25 06/15/27
port1.0%
val$52M
Conmed Corp
this Q +48%·11q
31V5633W109
port1.0%
val$52M
Makemytrip Ltd
this Q New·—1q
32RIOT 0.75 01/15/30
port1.0%
val$52M
Riot Platforms Inc
this Q -67%·3q
33TDOC 1.25 06/01/27
port1.0%
val$52M
Teladoc Health Inc
this Q +62%·14q
34BSY 0.375 07/01/27
port1.0%
val$52M
Bentley Systems
this Q hold·13q
35MATW
port1.0%
val$52M
Matthews Intl Corp-class A
this Q New·—1q
36G98239109
port1.0%
val$51M
XP Inc
this Q hold·10q
37U 0 11/15/26
port0.9%
val$49M
Unity Software Inc
this Q +38%·15q
38FIVN 1 03/15/29
port0.9%
val$47M
Five9 Inc
this Q +145%·4q
39FOUR 0.5 08/01/27
port0.9%
val$46M
Shift4 Payments Inc
this Q +78%·14q
40YPF
port0.8%
val$45M
Ypf S.a.-sponsored Adr
this Q hold·10q
41TAC
port0.8%
val$41M
Transalta Corp
this Q -53%·6q
42RWAY
port0.7%
val$39M
Runway Growth Finance Corp
this Q hold·19q
43194014AB2
port0.7%
val$38M
Enovis Corp
this Q New·—1q
44AMPH 2 03/15/29
port0.7%
val$37M
Amphastar Pharmaceutical
this Q hold·4q
45AFRM 0 11/15/26
port0.6%
val$34M
Affirm Holdings Inc
this Q +202%·14q
46ARRY 1 12/01/28
port0.6%
val$32M
Array Technologies Inc
this Q hold·11q
47EMBJ
port0.5%
val$28M
Embraer Sa-spon Adr
this Q hold·2q
48SNAP 0 05/01/27
port0.5%
val$27M
Snap Inc
this Q +42%·8q
49AD
port0.5%
val$25M
Array Digital Infrastructure
this Q hold·4q
50G7553X106
port0.5%
val$25M
Rice Acquisition Corp 3
this Q hold·3q
51SHAZ
port0.5%
val$25M
Sharonai Holdings Inc
this Q -71%·2q
52SPB 3.375 06/01/29
port0.5%
val$25M
Spectrum Brands Inc
this Q hold·4q
53TX
port0.5%
val$24M
Ternium Sa-sponsored Adr
this Q hold·17q
54747906600
port0.4%
val$22M
Quantum Corp
this Q New·—1q
55WGO 3.25 01/15/30
port0.4%
val$19M
Winnebago Industries
this Q +114%·4q
56XYZ 0.25 11/01/27
port0.3%
val$17M
Block Inc
this Q +64%·7q
57SNAP 0.125 03/01/28
port0.3%
val$16M
Snap Inc
this Q +191%·14q
58SMPL
port0.3%
val$16M
Simply Good Foods Co/the
this Q hold·2q
59COGT 1.625 11/15/31
port0.3%
val$15M
Cogent Biosciences Inc
this Q hold·3q
60SGRY
port0.3%
val$14M
Surgery Partners Inc
this Q New·—1q
61BXMT 5.5 03/15/27
port0.3%
val$14M
Blackstone Mortgage TR
this Q hold·12q
62UPWK 0.25 08/15/26
port0.3%
val$14M
Upwork Inc
this Q hold·10q
63WK 1.25 08/15/28
port0.3%
val$14M
Workiva Inc
this Q New·4q
6429786AAQ9
port0.3%
val$14M
Etsy Inc
this Q New·—1q
65RDFN 0.5 04/01/27
port0.3%
val$14M
Redfin Corp
this Q +53%·13q
66STWD 6.75 07/15/27
port0.2%
val$12M
Starwood Property Trust
this Q New·—1q
67SNOW 0 10/01/27
port0.2%
val$12M
Snowflake Inc
this Q +347%·2q
68NBR 1.75 06/15/29
port0.2%
val$11M
Nabors Industries Inc
this Q -26%·5q
69AVAV 0 07/15/30
port0.2%
val$11M
Aerovironment Inc
this Q hold·4q
70ITRI 1.375 07/15/30
port0.2%
val$11M
Itron Inc
this Q hold·3q
71ZD 1.75 11/01/26
port0.2%
val$11M
Ziff Davis Inc
this Q hold·8q
72MINE
port0.2%
val$11M
Mayfair Gold Corp
this Q hold·2q
73ARWR 0 01/15/32
port0.2%
val$11M
Arrowhead Research Corp
this Q hold·2q
74BMM
port0.2%
val$11M
Blue Moon Metals Inc
this Q hold·2q
75NVST 1.75 08/15/28
port0.2%
val$10M
Envista Holdings Corp
this Q -36%·7q
7618915MAF4
port0.2%
val$10M
Cloudflare Inc
this Q New·—1q
77RPD 0.25 03/15/27
port0.2%
val$10M
Rapid7 Inc
this Q +503%·4q
78FRPT 3 04/01/28
port0.2%
val$9M
Freshpet Inc
this Q New·3q
79ATEC 0.75 08/01/26
port0.2%
val$9M
Alphatec Holdings Inc
this Q New·5q
80SMRT
port0.2%
val$9M
Smartrent Inc
this Q hold·18q
81UPST 0.25 08/15/26
port0.2%
val$8M
Upstart Holdings Inc
this Q +71%·15q
8282982TAA4
port0.2%
val$8M
Sitime Corp
this Q New·—1q
83RWT 7.75 06/15/27
port0.2%
val$8M
Redwood Trust Inc
this Q hold·8q
8425809KAB1
port0.1%
val$8M
Doordash Inc
this Q New·—1q
85JD 0.25 06/01/29
port0.1%
val$8M
Jd.com Inc
this Q -27%·5q
86ALRM 2.25 06/01/29
port0.1%
val$8M
Alarm.com Hldgs Inc
this Q +711%·2q
87PMT 8.5 06/01/29
port0.1%
val$7M
Pennymac Corp
this Q +79%·2q
88CRNC 1.5 07/01/28
port0.1%
val$7M
Cerence Inc
this Q +33%·6q
8915102KAB6
port0.1%
val$7M
Celcuity Inc
this Q New·—1q
90MX
port0.1%
val$7M
Magnachip Semiconductor Corp
this Q -47%·38q
91WK 1.125 08/15/26
port0.1%
val$7M
Workiva Inc
this Q New·3q
9222410JAD8
port0.1%
val$7M
Cracker Barrel Old Country Store Inc
this Q New·—1q
93ETSY 0.125 09/01/27
port0.1%
val$7M
Etsy Inc
this Q New·—1q
94PD 1.5 10/15/28 *
port0.1%
val$7M
Pagerduty Inc.
this Q +20%·2q
95G9001E102
port0.1%
val$7M
Liberty Latin America Ltd
this Q hold·4q
96SRPT 1.25 09/15/27
port0.1%
val$6M
Sarepta Therapeutics Inc
this Q New·10q
97501812AD3
port0.1%
val$6M
Lci Industries
this Q New·—1q
9890353TAS9
port0.1%
val$6M
Uber Technologies Inc
this Q New·—1q
99BILL 0 04/01/27
port0.1%
val$6M
Bill Holdings Inc
this Q +91%·5q
100GPRE 2.25 03/15/27
port0.1%
val$5M
Green Plains Inc
this Q hold·8q
101GLAD 5.875 10/01/30
port0.1%
val$5M
Gladstone Capital Corp
this Q +163%·3q
102MSTR 0 12/01/29
port0.1%
val$5M
Strategy Inc
this Q -55%·3q
103337932AT4
port0.1%
val$5M
Firstenergy Corp
this Q New·—1q
104781154AD1
port0.1%
val$5M
Rubrik Inc
this Q New·—1q
105NOG 3.625 04/15/29
port0.1%
val$4M
Northern Oil & Gas Inc
this Q +131%·6q
106BATL
port0.1%
val$4M
Battalion Oil Corp
this Q hold·26q
107G2R11M108
port0.1%
val$4M
Dpc Holdings Ltd
this Q New·—1q
108RIVN 3.625 10/15/30
port0.1%
val$4M
Rivian Auto Inc
this Q +162%·2q
109ZD 3.625 03/01/28
port0.1%
val$3M
Ziff Davis Inc
this Q hold·4q
110TMDX 1.5 06/01/28
port0.1%
val$3M
Transmedics Group Inc
this Q New·2q
111SVC
port0.1%
val$3M
Service Properties Trust
this Q New·—1q
11292939UAT3
port0.1%
val$3M
Wec Energy Group Inc
this Q New·—1q
113AKAM 1.125 02/15/29
port0.1%
val$3M
Akamai Technologies Inc
this Q -51%·2q
114NCLH 1.125 02/15/27
port0.1%
val$3M
Ncl Corporation Ltd
this Q New·10q
115NTNX 0.25 10/01/27
port<0.1%
val$2M
Nutanix Inc
this Q -71%·11q
116MGPI 1.875 11/15/41
port<0.1%
val$2M
Mgp Ingredients Inc
this Q -60%·5q
117UBER 0.875 12/01/28 2028
port<0.1%
val$2M
Uber Technologies Inc
this Q hold·6q
118LYV 2.875 01/15/30
port<0.1%
val$2M
Live Nation Entertainmen
this Q hold·3q
119HAE 2.5 06/01/29
port<0.1%
val$2M
Haemonetics Corp
this Q +150%·4q
120DDOG 0 12/01/29
port<0.1%
val$2M
Datadog Inc
this Q -82%·3q
121BTAI
port<0.1%
val$2M
Bioxcel Therapeutics Inc
this Q +472%·5q
122NNBR
port<0.1%
val$2M
NN Inc
this Q New·—1q
123FLR 1.125 08/15/29
port<0.1%
val$2M
Fluor Corp
this Q hold·8q
124399473AK3
port<0.1%
val$2M
Groupon Inc
this Q New·—1q
125ON 0.5 03/01/29
port<0.1%
val$2M
ON Semiconductor Corp
this Q New·7q
126TEO
port<0.1%
val$2M
Telecom Argentina Sa-sp Adr
this Q -93%·33q
12776155XAA8
port<0.1%
val$1M
Revolution Medicines Inc
this Q New·—1q
128CX
port<0.1%
val$1M
Cemex Sab-spons Adr Part Cer
this Q -96%·39q
129L01800116
port<0.1%
val$1M
Alvotech SA
this Q hold·17q
130NEO 0.25 01/15/28
port<0.1%
val$980K
Neogenomics Inc
this Q -81%·18q
131BABA 0.5 06/01/31
port<0.1%
val$886K
Alibaba Group Holding
this Q New·2q
132SNAP 0.75 08/01/26
port<0.1%
val$873K
Snap Inc
this Q -77%·9q
133IMCR 2.5 02/01/30
port<0.1%
val$766K
Immunocore Holdings
this Q hold·2q
134STKL
port<0.1%
val$406K
Sunopta Inc
this Q -100%·38q
135G7553X114
port<0.1%
val$396K
Rice Acquisition Corp 3
this Q hold·3q
136L01800108
port<0.1%
val$362K
Alvotech SA
this Q -59%·17q
137SHAK 0 03/01/28
port<0.1%
val$252K
Shake Shack Inc
this Q New·16q
13867623C307
port<0.1%
val$184K
Office Properties Income Trust/md
this Q New·—1q

2026Q2 moves, by size (128)(expand ↓)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
GTX	Garrett Motion Inc	TRIM	5.2%	-48%	$275M
TDS	Telephone And Data Systems	ADD	3.7%	+23%	$196M
CORZ	Core Scientific Inc	TRIM	2.4%	-47%	$128M
STKL	Sunopta Inc	TRIM	<0.1%	-100%	$406K
B	Barrick Mining Corp	ADD	2.2%	+22%	$118M
PBR	Petroleo Brasileiro-spon Adr	EXIT	2.1%	-100%	$0
OCSL	Oaktree Specialty Lending CO	ADD	1.8%	+325%	$94M
JBLU 0.5 04/01/26	Jetblue Airways Corp	EXIT	1.6%	-100%	$0
RIOT 0.75 01/15/30	Riot Platforms Inc	TRIM	1.0%	-67%	$52M
NOK	Nokia Corp-spon Adr	EXIT	1.5%	-100%	$0
TAC	Transalta Corp	TRIM	0.8%	-53%	$41M
CBL	Cbl & Associates Properties	EXIT	1.4%	-100%	$0
SEALTD 0.25 09/15/26	Sea Ltd	ADD	1.2%	+31%	$62M
SE	Sea Ltd-adr	NEW	1.1%	+100%	$61M
G9001E128	Liberty Latin America Ltd	ADD	1.1%	+31%	$59M
DXCM 0.375 05/15/28	Dexcom Inc	ADD	1.1%	+51%	$57M
VSAT	Viasat Inc	NEW	1.1%	+100%	$57M
DKNG 0 03/15/28	Draftkings Holdings Inc	ADD	1.0%	+32%	$54M
CNMD 2.25 06/15/27	Conmed Corp	ADD	1.0%	+48%	$52M
V5633W109	Makemytrip Ltd	NEW	1.0%	+100%	$52M
TDOC 1.25 06/01/27	Teladoc Health Inc	ADD	1.0%	+62%	$52M
MATW	Matthews Intl Corp-class A	NEW	1.0%	+100%	$52M
AWK 3.625 06/15/26	American Water Capital C	EXIT	0.9%	-100%	$0
U 0 11/15/26	Unity Software Inc	ADD	0.9%	+38%	$49M
FIVN 1 03/15/29	Five9 Inc	ADD	0.9%	+145%	$47M
COIN 0.5 06/01/26	Coinbase Global Inc	EXIT	0.9%	-100%	$0
FOUR 0.5 08/01/27	Shift4 Payments Inc	ADD	0.9%	+78%	$46M
G25457105	Credo Technology Group Holding Ltd	EXIT	0.9%	-100%	$0
OKTA 0.375 06/15/26	Okta Inc	EXIT	0.8%	-100%	$0
194014AB2	Enovis Corp	NEW	0.7%	+100%	$38M
QTWO 0.75 06/01/26	Q2 Holdings Inc	EXIT	0.7%	-100%	$0
AFRM 0 11/15/26	Affirm Holdings Inc	ADD	0.6%	+202%	$34M
XYZ 0 05/01/26	Block Inc	EXIT	0.6%	-100%	$0
PRGS 1 04/15/26	Progress Software Corp	EXIT	0.6%	-100%	$0
CX	Cemex Sab-spons Adr Part Cer	TRIM	<0.1%	-96%	$1M
ECVT	Ecovyst Inc	EXIT	0.5%	-100%	$0
SNAP 0 05/01/27	Snap Inc	ADD	0.5%	+42%	$27M
SHAZ	Sharonai Holdings Inc	TRIM	0.5%	-71%	$25M
CBRL 0.625 06/15/26	Cracker Barrel Old Count	EXIT	0.4%	-100%	$0
747906600	Quantum Corp	NEW	0.4%	+100%	$22M
WGO 3.25 01/15/30	Winnebago Industries	ADD	0.4%	+114%	$19M
XYZ 0.25 11/01/27	Block Inc	ADD	0.3%	+64%	$17M
TEO	Telecom Argentina Sa-sp Adr	TRIM	<0.1%	-93%	$2M
SNAP 0.125 03/01/28	Snap Inc	ADD	0.3%	+191%	$16M
SGRY	Surgery Partners Inc	NEW	0.3%	+100%	$14M
NVST 1.75 08/15/28	Envista Holdings Corp	TRIM	0.2%	-36%	$10M
WK 1.25 08/15/28	Workiva Inc	NEW	0.3%	+100%	$14M
29786AAQ9	Etsy Inc	NEW	0.3%	+100%	$14M
RDFN 0.5 04/01/27	Redfin Corp	ADD	0.3%	+53%	$14M
NBR 1.75 06/15/29	Nabors Industries Inc	TRIM	0.2%	-26%	$11M
SYNA 0.75 12/01/31	Synaptics Inc	EXIT	0.2%	-100%	$0
STWD 6.75 07/15/27	Starwood Property Trust	NEW	0.2%	+100%	$12M
SNOW 0 10/01/27	Snowflake Inc	ADD	0.2%	+347%	$12M
18915MAF4	Cloudflare Inc	NEW	0.2%	+100%	$10M
JD 0.25 06/01/29	Jd.com Inc	TRIM	0.1%	-27%	$8M
RPD 0.25 03/15/27	Rapid7 Inc	ADD	0.2%	+503%	$10M
FRPT 3 04/01/28	Freshpet Inc	NEW	0.2%	+100%	$9M
ATEC 0.75 08/01/26	Alphatec Holdings Inc	NEW	0.2%	+100%	$9M
MSTR 0 12/01/29	Strategy Inc	TRIM	0.1%	-55%	$5M
PENN 2.75 05/15/26	Penn Entertainment Inc	EXIT	0.2%	-100%	$0
OPTU	Optimum Communications Inc-a	EXIT	0.2%	-100%	$0
UPST 0.25 08/15/26	Upstart Holdings Inc	ADD	0.2%	+71%	$8M
CALY 2.75 05/01/26	Callaway Golf CO	EXIT	0.2%	-100%	$0
LCII 1.125 05/15/26	Lci Industries	EXIT	0.2%	-100%	$0
82982TAA4	Sitime Corp	NEW	0.2%	+100%	$8M
25809KAB1	Doordash Inc	NEW	0.1%	+100%	$8M
RGEN 1 12/15/28	Repligen Corp	EXIT	0.1%	-100%	$0
ALRM 2.25 06/01/29	Alarm.com Hldgs Inc	ADD	0.1%	+711%	$8M
PMT 8.5 06/01/29	Pennymac Corp	ADD	0.1%	+79%	$7M
CRNC 1.5 07/01/28	Cerence Inc	ADD	0.1%	+33%	$7M
MX	Magnachip Semiconductor Corp	TRIM	0.1%	-47%	$7M
15102KAB6	Celcuity Inc	NEW	0.1%	+100%	$7M
WK 1.125 08/15/26	Workiva Inc	NEW	0.1%	+100%	$7M
TCOM 0.75 06/15/29	Trip.com Group Ltd	EXIT	0.1%	-100%	$0
NTNX 0.25 10/01/27	Nutanix Inc	TRIM	<0.1%	-71%	$2M
22410JAD8	Cracker Barrel Old Country Store Inc	NEW	0.1%	+100%	$7M
ETSY 0.125 09/01/27	Etsy Inc	NEW	0.1%	+100%	$7M
PD 1.5 10/15/28 *	Pagerduty Inc.	ADD	0.1%	+20%	$7M
DDOG 0 12/01/29	Datadog Inc	TRIM	<0.1%	-82%	$2M
G470AU126	Illumination Acquisition Corp I	EXIT	0.1%	-100%	$0
NRG	Nrg Energy Inc	EXIT	0.1%	-100%	$0
SRPT 1.25 09/15/27	Sarepta Therapeutics Inc	NEW	0.1%	+100%	$6M
501812AD3	Lci Industries	NEW	0.1%	+100%	$6M
90353TAS9	Uber Technologies Inc	NEW	0.1%	+100%	$6M
04546C106	Indivior Pharmaceuticals Inc	EXIT	0.1%	-100%	$0
BILL 0 04/01/27	Bill Holdings Inc	ADD	0.1%	+91%	$6M
AKAM 1.125 02/15/29	Akamai Technologies Inc	TRIM	0.1%	-51%	$3M
MGPI 1.875 11/15/41	Mgp Ingredients Inc	TRIM	<0.1%	-60%	$2M
GLAD 5.875 10/01/30	Gladstone Capital Corp	ADD	0.1%	+163%	$5M
337932AT4	Firstenergy Corp	NEW	0.1%	+100%	$5M
781154AD1	Rubrik Inc	NEW	0.1%	+100%	$5M
NEO 0.25 01/15/28	Neogenomics Inc	TRIM	<0.1%	-81%	$980K
NOG 3.625 04/15/29	Northern Oil & Gas Inc	ADD	0.1%	+131%	$4M
PCG 4.25 12/01/27	Pg&e Corp	EXIT	0.1%	-100%	$0
G2R11M108	Dpc Holdings Ltd	NEW	0.1%	+100%	$4M
BKLN	Invesco Senior Loan Etf	EXIT	0.1%	-100%	$0
RIVN 3.625 10/15/30	Rivian Auto Inc	ADD	0.1%	+162%	$4M
TMDX 1.5 06/01/28	Transmedics Group Inc	NEW	0.1%	+100%	$3M
SVC	Service Properties Trust	NEW	0.1%	+100%	$3M
92939UAT3	Wec Energy Group Inc	NEW	0.1%	+100%	$3M
SO 4.5 06/15/27	Southern CO	EXIT	0.1%	-100%	$0
BAND 0.5 04/01/28	Bandwidth Inc	EXIT	0.1%	-100%	$0
SNAP 0.75 08/01/26	Snap Inc	TRIM	<0.1%	-77%	$873K
NCLH 1.125 02/15/27	Ncl Corporation Ltd	NEW	0.1%	+100%	$3M
JBTM 0.25 05/15/26	Jbt Marel Corp	EXIT	<0.1%	-100%	$0
DOCN 0 12/01/26	Digitalocean Holdings	EXIT	<0.1%	-100%	$0
HDB	Hdfc Bank Ltd-adr	EXIT	<0.1%	-100%	$0
HAE 2.5 06/01/29	Haemonetics Corp	ADD	<0.1%	+150%	$2M
BTAI	Bioxcel Therapeutics Inc	ADD	<0.1%	+472%	$2M
COIN 0.25 04/01/30	Coinbase Global Inc	EXIT	<0.1%	-100%	$0
CAKE 0.375 06/15/26	Cheesecake Factory (the)	EXIT	<0.1%	-100%	$0
MSTR 0.875 03/15/31	Strategy Inc	EXIT	<0.1%	-100%	$0
POST 2.5 08/15/27	Post Holdings Inc	EXIT	<0.1%	-100%	$0
NNBR	NN Inc	NEW	<0.1%	+100%	$2M
JAZZ 3.125 09/15/30	Jazz Investments I Ltd	EXIT	<0.1%	-100%	$0
PSN 2.625 03/01/29	Parsons Corp	EXIT	<0.1%	-100%	$0
399473AK3	Groupon Inc	NEW	<0.1%	+100%	$2M
MTH 1.75 05/15/28	Meritage Homes Corp	EXIT	<0.1%	-100%	$0
NEE 3 03/01/27	Nextera Energy Capital	EXIT	<0.1%	-100%	$0
ON 0.5 03/01/29	ON Semiconductor Corp	NEW	<0.1%	+100%	$2M
76155XAA8	Revolution Medicines Inc	NEW	<0.1%	+100%	$1M
CELC 2.75 08/01/31	Celcuity Inc	EXIT	<0.1%	-100%	$0
IRTC 1.5 09/01/29	Irhythm Holdings Inc	EXIT	<0.1%	-100%	$0
BABA 0.5 06/01/31	Alibaba Group Holding	NEW	<0.1%	+100%	$886K
PDD	Pdd Holdings Inc	EXIT	<0.1%	-100%	$0
L01800108	Alvotech SA	TRIM	<0.1%	-59%	$362K
SHAK 0 03/01/28	Shake Shack Inc	NEW	<0.1%	+100%	$252K
67623C307	Office Properties Income Trust/md	NEW	<0.1%	+100%	$184K

TRIMGTX
5.2%
Garrett Motion Inc
Δ -48%·$275M
ADDTDS
3.7%
Telephone And Data Systems
Δ +23%·$196M
TRIMCORZ
2.4%
Core Scientific Inc
Δ -47%·$128M
TRIMSTKL
<0.1%
Sunopta Inc
Δ -100%·$406K
ADDB
2.2%
Barrick Mining Corp
Δ +22%·$118M
EXITPBR
2.1%
Petroleo Brasileiro-spon Adr
Δ -100%·$0
ADDOCSL
1.8%
Oaktree Specialty Lending CO
Δ +325%·$94M
EXITJBLU 0.5 04/01/26
1.6%
Jetblue Airways Corp
Δ -100%·$0
TRIMRIOT 0.75 01/15/30
1.0%
Riot Platforms Inc
Δ -67%·$52M
EXITNOK
1.5%
Nokia Corp-spon Adr
Δ -100%·$0
TRIMTAC
0.8%
Transalta Corp
Δ -53%·$41M
EXITCBL
1.4%
Cbl & Associates Properties
Δ -100%·$0
ADDSEALTD 0.25 09/15/26
1.2%
Sea Ltd
Δ +31%·$62M
NEWSE
1.1%
Sea Ltd-adr
Δ +100%·$61M
ADDG9001E128
1.1%
Liberty Latin America Ltd
Δ +31%·$59M
ADDDXCM 0.375 05/15/28
1.1%
Dexcom Inc
Δ +51%·$57M
NEWVSAT
1.1%
Viasat Inc
Δ +100%·$57M
ADDDKNG 0 03/15/28
1.0%
Draftkings Holdings Inc
Δ +32%·$54M
ADDCNMD 2.25 06/15/27
1.0%
Conmed Corp
Δ +48%·$52M
NEWV5633W109
1.0%
Makemytrip Ltd
Δ +100%·$52M
ADDTDOC 1.25 06/01/27
1.0%
Teladoc Health Inc
Δ +62%·$52M
NEWMATW
1.0%
Matthews Intl Corp-class A
Δ +100%·$52M
EXITAWK 3.625 06/15/26
0.9%
American Water Capital C
Δ -100%·$0
ADDU 0 11/15/26
0.9%
Unity Software Inc
Δ +38%·$49M
ADDFIVN 1 03/15/29
0.9%
Five9 Inc
Δ +145%·$47M
EXITCOIN 0.5 06/01/26
0.9%
Coinbase Global Inc
Δ -100%·$0
ADDFOUR 0.5 08/01/27
0.9%
Shift4 Payments Inc
Δ +78%·$46M
EXITG25457105
0.9%
Credo Technology Group Holding Ltd
Δ -100%·$0
EXITOKTA 0.375 06/15/26
0.8%
Okta Inc
Δ -100%·$0
NEW194014AB2
0.7%
Enovis Corp
Δ +100%·$38M
EXITQTWO 0.75 06/01/26
0.7%
Q2 Holdings Inc
Δ -100%·$0
ADDAFRM 0 11/15/26
0.6%
Affirm Holdings Inc
Δ +202%·$34M
EXITXYZ 0 05/01/26
0.6%
Block Inc
Δ -100%·$0
EXITPRGS 1 04/15/26
0.6%
Progress Software Corp
Δ -100%·$0
TRIMCX
<0.1%
Cemex Sab-spons Adr Part Cer
Δ -96%·$1M
EXITECVT
0.5%
Ecovyst Inc
Δ -100%·$0
ADDSNAP 0 05/01/27
0.5%
Snap Inc
Δ +42%·$27M
TRIMSHAZ
0.5%
Sharonai Holdings Inc
Δ -71%·$25M
EXITCBRL 0.625 06/15/26
0.4%
Cracker Barrel Old Count
Δ -100%·$0
NEW747906600
0.4%
Quantum Corp
Δ +100%·$22M
ADDWGO 3.25 01/15/30
0.4%
Winnebago Industries
Δ +114%·$19M
ADDXYZ 0.25 11/01/27
0.3%
Block Inc
Δ +64%·$17M
TRIMTEO
<0.1%
Telecom Argentina Sa-sp Adr
Δ -93%·$2M
ADDSNAP 0.125 03/01/28
0.3%
Snap Inc
Δ +191%·$16M
NEWSGRY
0.3%
Surgery Partners Inc
Δ +100%·$14M
TRIMNVST 1.75 08/15/28
0.2%
Envista Holdings Corp
Δ -36%·$10M
NEWWK 1.25 08/15/28
0.3%
Workiva Inc
Δ +100%·$14M
NEW29786AAQ9
0.3%
Etsy Inc
Δ +100%·$14M
ADDRDFN 0.5 04/01/27
0.3%
Redfin Corp
Δ +53%·$14M
TRIMNBR 1.75 06/15/29
0.2%
Nabors Industries Inc
Δ -26%·$11M
EXITSYNA 0.75 12/01/31
0.2%
Synaptics Inc
Δ -100%·$0
NEWSTWD 6.75 07/15/27
0.2%
Starwood Property Trust
Δ +100%·$12M
ADDSNOW 0 10/01/27
0.2%
Snowflake Inc
Δ +347%·$12M
NEW18915MAF4
0.2%
Cloudflare Inc
Δ +100%·$10M
TRIMJD 0.25 06/01/29
0.1%
Jd.com Inc
Δ -27%·$8M
ADDRPD 0.25 03/15/27
0.2%
Rapid7 Inc
Δ +503%·$10M
NEWFRPT 3 04/01/28
0.2%
Freshpet Inc
Δ +100%·$9M
NEWATEC 0.75 08/01/26
0.2%
Alphatec Holdings Inc
Δ +100%·$9M
TRIMMSTR 0 12/01/29
0.1%
Strategy Inc
Δ -55%·$5M
EXITPENN 2.75 05/15/26
0.2%
Penn Entertainment Inc
Δ -100%·$0
EXITOPTU
0.2%
Optimum Communications Inc-a
Δ -100%·$0
ADDUPST 0.25 08/15/26
0.2%
Upstart Holdings Inc
Δ +71%·$8M
EXITCALY 2.75 05/01/26
0.2%
Callaway Golf CO
Δ -100%·$0
EXITLCII 1.125 05/15/26
0.2%
Lci Industries
Δ -100%·$0
NEW82982TAA4
0.2%
Sitime Corp
Δ +100%·$8M
NEW25809KAB1
0.1%
Doordash Inc
Δ +100%·$8M
EXITRGEN 1 12/15/28
0.1%
Repligen Corp
Δ -100%·$0
ADDALRM 2.25 06/01/29
0.1%
Alarm.com Hldgs Inc
Δ +711%·$8M
ADDPMT 8.5 06/01/29
0.1%
Pennymac Corp
Δ +79%·$7M
ADDCRNC 1.5 07/01/28
0.1%
Cerence Inc
Δ +33%·$7M
TRIMMX
0.1%
Magnachip Semiconductor Corp
Δ -47%·$7M
NEW15102KAB6
0.1%
Celcuity Inc
Δ +100%·$7M
NEWWK 1.125 08/15/26
0.1%
Workiva Inc
Δ +100%·$7M
EXITTCOM 0.75 06/15/29
0.1%
Trip.com Group Ltd
Δ -100%·$0
TRIMNTNX 0.25 10/01/27
<0.1%
Nutanix Inc
Δ -71%·$2M
NEW22410JAD8
0.1%
Cracker Barrel Old Country Store Inc
Δ +100%·$7M
NEWETSY 0.125 09/01/27
0.1%
Etsy Inc
Δ +100%·$7M
ADDPD 1.5 10/15/28 *
0.1%
Pagerduty Inc.
Δ +20%·$7M
TRIMDDOG 0 12/01/29
<0.1%
Datadog Inc
Δ -82%·$2M
EXITG470AU126
0.1%
Illumination Acquisition Corp I
Δ -100%·$0
EXITNRG
0.1%
Nrg Energy Inc
Δ -100%·$0
NEWSRPT 1.25 09/15/27
0.1%
Sarepta Therapeutics Inc
Δ +100%·$6M
NEW501812AD3
0.1%
Lci Industries
Δ +100%·$6M
NEW90353TAS9
0.1%
Uber Technologies Inc
Δ +100%·$6M
EXIT04546C106
0.1%
Indivior Pharmaceuticals Inc
Δ -100%·$0
ADDBILL 0 04/01/27
0.1%
Bill Holdings Inc
Δ +91%·$6M
TRIMAKAM 1.125 02/15/29
0.1%
Akamai Technologies Inc
Δ -51%·$3M
TRIMMGPI 1.875 11/15/41
<0.1%
Mgp Ingredients Inc
Δ -60%·$2M
ADDGLAD 5.875 10/01/30
0.1%
Gladstone Capital Corp
Δ +163%·$5M
NEW337932AT4
0.1%
Firstenergy Corp
Δ +100%·$5M
NEW781154AD1
0.1%
Rubrik Inc
Δ +100%·$5M
TRIMNEO 0.25 01/15/28
<0.1%
Neogenomics Inc
Δ -81%·$980K
ADDNOG 3.625 04/15/29
0.1%
Northern Oil & Gas Inc
Δ +131%·$4M
EXITPCG 4.25 12/01/27
0.1%
Pg&e Corp
Δ -100%·$0
NEWG2R11M108
0.1%
Dpc Holdings Ltd
Δ +100%·$4M
EXITBKLN
0.1%
Invesco Senior Loan Etf
Δ -100%·$0
ADDRIVN 3.625 10/15/30
0.1%
Rivian Auto Inc
Δ +162%·$4M
NEWTMDX 1.5 06/01/28
0.1%
Transmedics Group Inc
Δ +100%·$3M
NEWSVC
0.1%
Service Properties Trust
Δ +100%·$3M
NEW92939UAT3
0.1%
Wec Energy Group Inc
Δ +100%·$3M
EXITSO 4.5 06/15/27
0.1%
Southern CO
Δ -100%·$0
EXITBAND 0.5 04/01/28
0.1%
Bandwidth Inc
Δ -100%·$0
TRIMSNAP 0.75 08/01/26
<0.1%
Snap Inc
Δ -77%·$873K
NEWNCLH 1.125 02/15/27
0.1%
Ncl Corporation Ltd
Δ +100%·$3M
EXITJBTM 0.25 05/15/26
<0.1%
Jbt Marel Corp
Δ -100%·$0
EXITDOCN 0 12/01/26
<0.1%
Digitalocean Holdings
Δ -100%·$0
EXITHDB
<0.1%
Hdfc Bank Ltd-adr
Δ -100%·$0
ADDHAE 2.5 06/01/29
<0.1%
Haemonetics Corp
Δ +150%·$2M
ADDBTAI
<0.1%
Bioxcel Therapeutics Inc
Δ +472%·$2M
EXITCOIN 0.25 04/01/30
<0.1%
Coinbase Global Inc
Δ -100%·$0
EXITCAKE 0.375 06/15/26
<0.1%
Cheesecake Factory (the)
Δ -100%·$0
EXITMSTR 0.875 03/15/31
<0.1%
Strategy Inc
Δ -100%·$0
EXITPOST 2.5 08/15/27
<0.1%
Post Holdings Inc
Δ -100%·$0
NEWNNBR
<0.1%
NN Inc
Δ +100%·$2M
EXITJAZZ 3.125 09/15/30
<0.1%
Jazz Investments I Ltd
Δ -100%·$0
EXITPSN 2.625 03/01/29
<0.1%
Parsons Corp
Δ -100%·$0
NEW399473AK3
<0.1%
Groupon Inc
Δ +100%·$2M
EXITMTH 1.75 05/15/28
<0.1%
Meritage Homes Corp
Δ -100%·$0
EXITNEE 3 03/01/27
<0.1%
Nextera Energy Capital
Δ -100%·$0
NEWON 0.5 03/01/29
<0.1%
ON Semiconductor Corp
Δ +100%·$2M
NEW76155XAA8
<0.1%
Revolution Medicines Inc
Δ +100%·$1M
EXITCELC 2.75 08/01/31
<0.1%
Celcuity Inc
Δ -100%·$0
EXITIRTC 1.5 09/01/29
<0.1%
Irhythm Holdings Inc
Δ -100%·$0
NEWBABA 0.5 06/01/31
<0.1%
Alibaba Group Holding
Δ +100%·$886K
EXITPDD
<0.1%
Pdd Holdings Inc
Δ -100%·$0
TRIML01800108
<0.1%
Alvotech SA
Δ -59%·$362K
NEWSHAK 0 03/01/28
<0.1%
Shake Shack Inc
Δ +100%·$252K
NEW67623C307
<0.1%
Office Properties Income Trust/md
Δ +100%·$184K

About Howard Marks

Howard Marks co-founded Oaktree Capital Management in 1995 after building distressed-debt practices at TCW and Citibank, and has since become one of the more closely read voices in credit markets — his memos to clients, collected partly in The Most Important Thing (2011), are standard reading for analysts trying to think about risk and market cycles. Oaktree's core competence is credit and distressed debt, which means the 13F — a long-equity snapshot — captures only a slice of what the firm actually does; the bulk of AUM sits in private credit, high-yield, and distressed strategies that generate no public filing. The equity positions that do appear, currently led by TRMD, EXE, and AU, often reflect post-reorganization equities, yield-oriented shipping or resource names, or residual stakes from credit workouts rather than conventional equity selection. Readers treating this 13F as a window into Marks's broader market views will find it an incomplete and potentially misleading proxy.

2026Q2 brief

Howard Marks' Oaktree ran a 138-position, $5.3B 13F in 2026Q2 with a characteristically opportunistic, distressed-value flavor. The most dramatic move: OCSL (Oaktree Specialty Lending) surged 325% to 1.8% of the portfolio — an unusual self-reinforcing signal given Oaktree's affiliation — while convertible bond exposure shifted as JBLU 0.5 04/01/26 and COIN 0.5 06/01/26 were fully exited (likely matured or redeemed), and DXCM 0.375 05/15/28 was added aggressively (+51.3% to 1.1%). Sharply reducing GTX (Garrett Motion, −48% to 5.2%) and CORZ (Core Scientific, −46.6% to 2.4%) suggests profit-taking after strong runs in auto turnarounds and crypto infrastructure. New equity initiations — SE (1.1%), MAKEMYTRIP (1.0%), and MATW (Matthews International, 1.0%) — point toward emerging-market consumer and contrarian domestic value themes. The exit of PBR (2.1%) removes Brazilian state-oil political risk. Watch whether Oaktree continues rotating out of GTX and CORZ entirely, which would mark a clean exit from two high-profile post-restructuring recovery plays.

AI-generated. Not investment advice.

Filing history

Howard Marks's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.

Disclosed portfolio value · Q3 2023 – Q2 2026now $7.21B · peak $7.21B (Q2 2026)

Quarter	Positions	Portfolio value
Q2 2026 — what changed →	145	$7.21B
Q1 2026 — what changed →	148	$6.56B
Q4 2025 — what changed →	172	$7.03B
Q3 2025 — what changed →	165	$6.49B
Q2 2025 — what changed →	178	$5.81B
Q1 2025 — what changed →	168	$5.17B
Q4 2024 holdings	165	$5.64B
Q3 2024 holdings	168	$6.24B
Q2 2024 holdings	152	$6.30B
Q1 2024 holdings	169	$6.36B
Q4 2023 holdings	188	$6.88B
Q3 2023 holdings	202	$6.89B

Values as disclosed at each quarter end. Older filings on EDGAR.

Multibaggers Howard Marks held

Stocks up 5x or more since Howard Marks first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.

TSM27.7xTAIWAN SEMICONDUCTOR-SP ADR28q straight · peak 4.79%
MELI14.8xMERCADOLIBRE INC5q straight · peak 0.72%
VIST13.4xVISTA ENERGY SAB DE CV26q straight · peak 2.36%
VST11.4xVISTRA CORP26q straight · peak 16.23%
GTX9.4xGARRETT MOTION INC20q straight · peak 7.68% · still holds
NRG5.8xNRG ENERGY INC7q straight · peak 0.86% · still holds

Six biggest of 7. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Howard Marks's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →

Frequently asked questions

What stocks does Howard Marks own?: As of 2026Q2, Howard Marks's 13F discloses 138 positions worth $5.31B. The top five holdings: TRMD (9.9%), EXE (9.0%), GTX (5.2%), AU (4.8%), INDV (4.7%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
What did Howard Marks buy this quarter?: In 2026Q2, the filing shows 36 new positions and 31 additions to existing holdings. The largest positions touched by buying: TDS, B, OCSL, SEALTD 0.25 09/15/26, SE.
How big is Howard Marks's portfolio?: $5.31B across 138 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 34% of the disclosed book.

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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000949509). Not investment advice.