Oaktree Capital portfolio
Howard Marks's investment firm, Los Angeles · 13F holdings for the quarter ended June 30, 2026
Filed with the SEC August 14, 2026 · Next filing due by November 14, 2026
What Marks did in Q2 2026
Oaktree Capital opened 10 new positions, the largest Sea, Viasat and MakeMyTrip. It raised its stake in Bioxcel Therapeutics by 472% and Oaktree Specialty Lending by 325%. It sold out of 11 positions, among them Petrobras - Petroleo Brasileiro, Nokia and Cbl & Associates Properties. It cut Sunopta by 100%, Cemex Sab De Cv by 96% and Telecom Argentina by 93%, among 6 it cut by half or more. Torm is still the largest holding, at 13.9% of the portfolio.
Biggest buys
- Sea SENew
- Viasat VSATNew
- MakeMyTrip MMYTNew
- Matthews International MATWNew
- Quantum QMCONew
Biggest sells
- Petrobras - Petroleo Brasileiro PBRSold out
- Nokia NOKSold out
- Cbl & Associates Properties CBLSold out
- Credo Technology Group Holding CRDOSold out
- Ecovyst ECVTSold out
Top 15 holdings
Values as reported in the 13F, not today’s prices| # | Company | Share of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|
| 1 | TormTRMD | 13.9% | $524.3M | −15% | Q3 2024 or earlier |
| 2 | Expand EnergyEXE | 12.6% | $477.6M | No change | Q3 2024 or earlier |
| 3 | Garrett MotionGTX | 7.3% | $275.2M | −48% | Q3 2024 or earlier |
| 4 | AngloGold AshantiAU | 6.8% | $257.2M | −1% | Q3 2024 or earlier |
| 5 | Indivior PharmaceuticalsINDV | 6.7% | $251.4M | −12% | Q1 2026 |
| 6 | Telephone & Data SystemsTDS | 5.2% | $195.5M | +23% | Q3 2025 |
| 7 | Viper EnergyVNOM | 4.3% | $160.8M | No change | Q3 2025 |
| 8 | Core Scientific, Inc./txCORZ | 3.4% | $127.8M | −47% | Q3 2025 |
| 9 | Talen EnergyTLN | 3.4% | $127.2M | No change | Q3 2024 or earlier |
| 10 | Barrick MiningB | 3.1% | $117.8M | +22% | Q2 2025 |
| 11 | Itau Unibanco HoldingITUB | 2.6% | $97.9M | −2% | Q3 2024 or earlier |
| 12 | Liberty GlobalLBTYA | 2.6% | $97.2M | No change | Q3 2024 or earlier |
| 13 | Oaktree Specialty LendingOCSL | 2.5% | $94.0M | +325% | Q3 2024 or earlier |
| 14 | Freeport-McmoranFCX | 2.0% | $75.5M | −2% | Q3 2024 or earlier |
| 15 | Grupo Aeromexico, S.A.B. de C.VAERO | 1.9% | $71.4M | No change | Q4 2025 |
Research like Marks, with every move in front of you
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- All 51 positions and their quarter-by-quarter history
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About this data
- What is a 13F?
- A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- How current is it?
- Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- Whose figures are these?
- The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- What does it leave out?
- Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.