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← Howard Marks

Howard Marks's 2024Q4 portfolio

Howard Marks (Oaktree Capital Management) held 47 positions as of Dec 31, 2024, with the largest position at 14.8% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2024Q4but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Dec 31, 2024 (47)

  1. 1TRMDTorm Plc
    % port
    14.8%
    -8.2pp vs prior Qnow 11.4%
  2. 2EXEExpand Energy Corp
    % port
    13.1%
    +3.7pp vs prior Qnow 9.7%
  3. 3GTXGarrett Motion Inc
    % port
    7.6%
    +1.6pp vs prior Qnow 4.5%
  4. 4STKLSunopta Inc
    % port
    3.0%
    +0.8pp vs prior Qnow 2.3%
  5. 5AUAnglogold Ashanti Plc
    % port
    2.4%
    now 5.3%
  6. 6RWAYRunway Growth Finance Corp
    % port
    2.2%
    +0.4pp vs prior Qnow 0.8%
  7. 7(cusip)Liberty Global Ltd
    % port
    1.7%
    -0.4pp vs prior Q
  8. 8CBLCbl & Associates Properties
    % port
    1.7%
    now 1.4%
  9. 9CXCemex Sab-spons Adr Part Cer
    % port
    1.6%
    now 0.5%
  10. 10TLNTalen Energy Corp
    % port
    1.5%
    -0.6pp vs prior Qnow 1.8%
  11. 11KRCKilroy Realty Corp
    % port
    1.4%
    +0.2pp vs prior Qnow 0.9%
  12. 12FCXFreeport-mcmoran Inc
    % port
    1.3%
    -0.7pp vs prior Q
  13. 13PBRPetroleo Brasileiro-spon Adr
    % port
    0.8%
    -0.2pp vs prior Qnow 2.1%
  14. 14PEB 1.75 12/15/26Pebblebrook Hotel Trust
    % port
    0.7%
    +0.4pp vs prior Qnow 1.0%
  15. 15JBLU 0.5 04/01/26Jetblue Airways Corp
    % port
    0.7%
    +0.4pp vs prior Qnow 1.6%
  16. 16TEOTelecom Argentina Sa-sp Adr
    % port
    0.7%
    +0.3pp vs prior Qnow 0.3%
  17. 17OCSLOaktree Specialty Lending CO
    % port
    0.5%
    now 0.4%
  18. 18PDDPdd Holdings Inc
    % port
    0.5%
    -0.1pp vs prior Qnow 0.0%
  19. 19(cusip)Alvotech SA
    % port
    0.5%
    now 0.0%
  20. 20TXTernium Sa-sponsored Adr
    % port
    0.5%
  21. 21OPTUOptimum Communications Inc-a
    % port
    0.3%
    now 0.2%
  22. 22PCG 4.25 12/01/27Pg&e Corp
    % port
    0.3%
    now 0.1%
  23. 23(cusip)Alvotech SA
    % port
    0.3%
    now 0.0%
  24. 24ETSY 0.25 06/15/28Etsy Inc
    % port
    0.3%
    +0.2pp vs prior Qnow 0.9%
  25. 25SMRTSmartrent Inc
    % port
    0.3%
  26. 26UBER 0.875 12/01/28 2028Uber Technologies Inc
    % port
    0.2%
    now 0.0%
  27. 27MXMagnachip Semiconductor Corp
    % port
    0.2%
  28. 28FOUR 0.5 08/01/27Shift4 Payments Inc
    % port
    0.2%
    now 0.4%
  29. 29UPST 0.25 08/15/26Upstart Holdings Inc
    % port
    0.2%
  30. 30DOCN 0 12/01/26Digitalocean Holdings
    % port
    0.1%
  31. 31ZD 1.75 11/01/26Ziff Davis Inc
    % port
    0.1%
  32. 32CNMD 2.25 06/15/27Conmed Corp
    % port
    0.1%
    +0.1pp vs prior Qnow 0.6%
  33. 33SEALTD 0.25 09/15/26Sea Ltd
    % port
    0.1%
    now 0.8%
  34. 34SNAP 0.125 03/01/28Snap Inc
    % port
    0.1%
  35. 35TDOC 1.25 06/01/27Teladoc Health Inc
    % port
    0.1%
    now 0.5%
  36. 36NVST 1.75 08/15/28Envista Holdings Corp
    % port
    0.1%
    now 0.3%
  37. 37HDBHdfc Bank Ltd-adr
    % port
    0.1%
  38. 38FLR 1.125 08/15/29Fluor Corp
    % port
    0.1%
  39. 39BATLBattalion Oil Corp
    % port
    0.1%
    -0.2pp vs prior Qnow 0.2%
  40. 40BXMT 5.5 03/15/27Blackstone Mortgage TR
    % port
    0.1%
    now 0.2%
  41. 41AFRM 0 11/15/26Affirm Holdings Inc
    % port
    0.1%
    now 0.2%
  42. 42BAND 0.5 04/01/28Bandwidth Inc
    % port
    0.1%
  43. 43NEO 0.25 01/15/28Neogenomics Inc
    % port
    0.1%
  44. 44UPWK 0.25 08/15/26Upwork Inc
    % port
    0.1%
    now 0.2%
  45. 45VAC 3.25 12/15/27Marriott Vacation Worldw
    % port
    0.1%
    now 0.8%
  46. 46ARRY 1 12/01/28Array Technologies Inc
    % port
    0.1%
    now 0.5%
  47. 47GPRE 2.25 03/15/27Green Plains Inc
    % port
    0.1%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.