Howard Marks · Oaktree Capital Management LP
| Period: | Q2 2025 |
| Portfolio date: | Jun 30, 2025 |
| No. of stocks: | 177 |
| Portfolio value: | $5.8B |
Viewing historical Q2 2025 data. Holdings + moves reflect that quarter — not current.← Back to latest
| Stock | % of Portfolio | Recent Activity | Shares | Reported Price * | Value | Current Price | +/- Reported Price | 52 Week Low | 52 Week High |
|---|---|---|---|---|---|---|---|---|---|
| TRMD · Torm Plc | 11.72 | 40,581,120 | $16.80 | $681,587,614 | $33.92 | +101.96% | $15.79 | $34.88 | |
| 78462F103 · Spdr S&P 500 Etf Tr | 10.84 | Add 200.00% | 1,020,000 | $617.85 | $630,207,000 | — | — | — | — |
| EXE · Expand Energy Corporation | 10.18 | Reduce 8.99% | 5,062,364 | $116.94 | $591,992,875 | $95.92 | -17.98% | $91.02 | $126.62 |
| GTX · Garrett Motion Inc. | 6.67 | Reduce 16.31% | 36,894,816 | $10.51 | $387,764,516 | $29.00 | +175.93% | $9.57 | $29.18 |
| 82983N108 · Sitio Royalties Corp. | 4.09 | Add 0.08% | 12,945,551 | $18.38 | $237,939,227 | — | — | — | — |
| AU · Anglogold Ashanti Plc | 3.88 | Reduce 9.46% | 4,947,737 | $45.57 | $225,468,375 | $107.03 | +134.87% | $38.61 | $129.14 |
| INDV · Indivior Plc | 2.79 | 11,009,125 | $14.74 | $162,274,503 | $39.50 | +167.98% | $10.63 | $41.00 | |
| STKL · Sunopta Inc. | 2.07 | 20,726,126 | $5.80 | $120,187,007 | $6.50 | +12.09% | $3.32 | $6.94 | |
| RWAY · Runway Growth Finance Corp. | 1.80 | Reduce 9.28% | 9,779,667 | $10.73 | $104,935,838 | $6.54 | -39.05% | $6.36 | $11.40 |
| CX · Cemex Sab De Cv | 1.77 | Reduce 23.45% | 14,839,032 | $6.93 | $102,834,491 | $13.11 | +89.18% | $6.40 | $13.67 |
| VIST · Vista Energy S.A.B. De C.V. | 1.70 | Reduce 5.63% | 2,061,561 | $47.81 | $98,563,231 | $65.21 | +36.39% | $31.63 | $79.20 |
| NOK · Nokia Corp. | 1.67 | Add 0.00% | 18,752,229 | $5.18 | $97,136,546 | $12.82 | +147.49% | $4.00 | $13.98 |
| FCX · Freeport-Mcmoran Inc. | 1.49 | Reduce 8.90% | 1,996,075 | $43.35 | $86,529,851 | $61.65 | +42.21% | $35.15 | $70.97 |
| LBTYA · Liberty Global Ltd. | 1.41 | Add 13.99% | 8,212,191 | $10.01 | $82,204,031 | $12.15 | +21.38% | $9.03 | $13.52 |
| 124830878 · Cbl & Assoc Pptys Inc. | 1.31 | 3,005,126 | $25.39 | $76,300,174 | — | — | — | — | |
| ITUB · Itau Unibanco Hldg S A | 1.29 | Add 58.54% | 11,004,494 | $6.79 | $74,720,521 | $8.37 | +23.27% | $5.93 | $9.60 |
| 78464A888 · Spdr Series Trust | 1.17 | New | 690,000 | $98.57 | $68,013,300 | — | — | — | — |
| 06849F108 · Barrick Mng Corp. | 1.13 | New | 3,157,686 | $20.82 | $65,743,022 | — | — | — | — |
| TAC · Transalta Corp. | 1.13 | Add 8.95% | 6,085,253 | $10.77 | $65,512,910 | $12.76 | +18.52% | $8.73 | $17.88 |
| KRC · Kilroy Rlty Corp. | 1.09 | 1,850,011 | $34.31 | $63,473,877 | $34.90 | +1.72% | $27.36 | $45.03 | |
| 13057Q305 · California Res Corp. | 1.08 | 1,376,753 | $45.67 | $62,876,309 | — | — | — | — | |
| PEB · Pebblebrook Hotel Tr | 1.02 | Add 44.70% | 62,423,000 | $0.95 | $59,150,940 | $14.72 | +1453.43% | $8.69 | $14.85 |
| GRAB · Grab Holdings Limited | 1.00 | Add 12.59% | 11,569,295 | $5.03 | $58,193,553 | $3.72 | -26.04% | $3.48 | $6.62 |
| JBLU · Jetblue Airways Corp. | 0.99 | Add 38.74% | 59,981,000 | $0.96 | $57,581,760 | $5.11 | +432.29% | $3.84 | $6.50 |
| TLN · Talen Energy Corp. | 0.97 | Reduce 67.52% | 194,829 | $290.77 | $56,650,428 | $386.37 | +32.88% | $232.34 | $451.28 |
| SBLK · Star Bulk Carriers Corp. | 0.96 | Reduce 39.88% | 3,230,527 | $17.25 | $55,726,590 | $26.83 | +55.54% | $15.78 | $27.20 |
| 464287655 · Ishares Tr | 0.89 | New | 240,000 | $215.79 | $51,789,600 | — | — | — | — |
| CABO · Cable One Inc. | 0.85 | Add 21.60% | 51,812,000 | $0.95 | $49,148,863 | $62.39 | +6477.06% | $53.94 | $180.74 |
| ABNB · Airbnb Inc. | 0.60 | Add 44.58% | 36,300,000 | $0.97 | $35,083,827 | $141.49 | +14539.47% | $110.81 | $147.25 |
| BLCO · Bausch Plus Lomb Corp. | 0.56 | New | 2,521,245 | $13.01 | $32,801,397 | $16.18 | +24.37% | $10.99 | $18.91 |
| EC · Ecopetrol S A | 0.54 | Add 12.26% | 3,549,822 | $8.85 | $31,415,924 | — | — | — | — |
| 866082AA8 · Summit Hotel Pptys | 0.51 | Add 1379.83% | 30,455,000 | $0.97 | $29,541,350 | — | — | — | — |
| SE · Sea Ltd. | 0.49 | Add 34.51% | 30,069,000 | $0.95 | $28,430,239 | $86.73 | +9072.92% | $77.05 | $199.30 |
| TDOC · Teladoc Health Inc. | 0.48 | Add 97.59% | 30,338,000 | $0.92 | $28,056,684 | $7.25 | +683.95% | $4.40 | $9.77 |
| BZ · Kanzhun Limited | 0.48 | Add 34.19% | 1,571,272 | $17.84 | $28,031,492 | $14.02 | -21.41% | $12.85 | $25.26 |
| TX · Ternium Sa | 0.48 | Add 13.18% | 919,709 | $30.10 | $27,683,240 | $46.92 | +55.88% | $27.12 | $49.69 |
| ETSY · Etsy Inc. | 0.47 | Add 27.32% | 31,807,000 | $0.86 | $27,377,875 | $64.38 | +7379.52% | $44.00 | $76.52 |
| BEKE · Ke Hldgs Inc. | 0.46 | Add 20.58% | 1,513,039 | $17.74 | $26,841,311 | $18.87 | +6.37% | $14.40 | $20.98 |
| CNMD · Conmed Corp. | 0.45 | Add 58.97% | 27,705,000 | $0.95 | $26,318,850 | $36.76 | +3769.61% | $33.21 | $61.08 |
| SNAP · Snap Inc. | 0.44 | Add 42.40% | 29,437,000 | $0.87 | $25,566,034 | $6.08 | +600.06% | $3.81 | $10.41 |
| SATS · Echostar Corp. | 0.44 | Add 34.05% | 21,447,560 | $1.18 | $25,308,120 | $127.15 | +10675.42% | $14.90 | $137.44 |
| OCSL · Oaktree Specialty Lending Co. | 0.44 | 1,852,456 | $13.66 | $25,304,548 | $12.15 | -11.05% | $10.63 | $14.77 | |
| ALRM · Alarm.Com Holdings Inc. | 0.42 | Add 220.52% | 24,946,000 | $0.97 | $24,322,350 | $47.60 | +4782.05% | $41.50 | $60.76 |
| VAC · Marriott Vacations Worldwide | 0.41 | Add 68.45% | 25,833,000 | $0.93 | $24,115,105 | $77.12 | +8161.38% | $44.58 | $86.33 |
| TEO · Telecom Argentina Sa | 0.40 | Reduce 2.40% | 2,644,263 | $8.83 | $23,348,842 | $11.82 | +33.86% | $6.43 | $13.81 |
| ENPH · Enphase Energy Inc. | 0.39 | Add 104.41% | 23,501,000 | $0.96 | $22,531,413 | $36.45 | +3701.85% | $25.78 | $54.43 |
| YMM · Full Truck Alliance Co. Ltd. | 0.37 | New | 1,842,337 | $11.81 | $21,757,999 | $8.81 | -25.40% | $8.04 | $14.07 |
| WIX · Wix Com Ltd. | 0.36 | Add 331.82% | 21,116,000 | $1.00 | $21,063,209 | — | — | — | — |
| NVST · Envista Holdings Corporation | 0.36 | Add 30.16% | 22,281,000 | $0.93 | $20,735,256 | $24.24 | +2504.70% | $16.41 | $30.42 |
| OKTA · Okta Inc. | 0.35 | Add 516.54% | 20,241,000 | $0.99 | $20,139,795 | — | — | — | — |
| VALE · Vale S A | 0.34 | Reduce 66.19% | 2,033,706 | $9.71 | $19,747,285 | $16.63 | +71.27% | $8.97 | $17.94 |
| AG · First Majestic Silver Corp. | 0.34 | Add 31.86% | 20,605,000 | $0.95 | $19,646,867 | — | — | — | — |
| 15677JAD0 · Dayforce Inc. | 0.30 | New | 18,080,000 | $0.97 | $17,483,360 | — | — | — | — |
| BBIO · Bridgebio Pharma Inc. | 0.29 | Add 27.74% | 18,056,000 | $0.94 | $16,900,415 | $67.39 | +7099.79% | $31.77 | $84.94 |
| OPTU · Optimum Communications Inc. | 0.28 | 7,500,000 | $2.14 | $16,050,000 | $1.13 | -47.20% | $1.11 | $2.98 | |
| DXCM · Dexcom Inc. | 0.27 | New | 16,111,000 | $0.98 | $15,865,307 | — | — | — | — |
| SO · Southern Co. | 0.26 | New | 13,459,000 | $1.11 | $14,872,343 | $91.80 | +8207.61% | $83.09 | $100.84 |
| UNIT · Uniti Group Inc. | 0.25 | 3,397,592 | $4.32 | $14,677,597 | — | — | — | — | |
| LILA · Liberty Latin America Ltd. | 0.25 | New | 2,328,516 | $6.22 | $14,483,369 | $7.63 | +22.67% | $4.34 | $9.04 |
| ALVO · Alvotech | 0.25 | Reduce 16.31% | 1,563,676 | $9.12 | $14,260,725 | $3.26 | -64.25% | $3.03 | $11.85 |
| SE · Sea Ltd. | 0.23 | New | 83,513 | $159.94 | $13,357,069 | $86.73 | -45.77% | $77.05 | $199.30 |
| 75606DAP6 · Anywhere Real Estate Inc. | 0.22 | Reduce 60.61% | 13,200,000 | $0.98 | $12,985,500 | — | — | — | — |
| JD · Jd.Com Inc. | 0.22 | New | 12,352,000 | $1.05 | $12,914,016 | $30.13 | +2781.87% | $24.51 | $38.08 |
| FOUR · Shift4 Pmts Inc. | 0.22 | Reduce 0.81% | 11,913,000 | $1.07 | $12,806,474 | — | — | — | — |
| 69352PAS2 · Ppl Cap Fdg Inc. | 0.21 | Add 2.71% | 11,381,000 | $1.08 | $12,320,532 | — | — | — | — |
| ENPH · Enphase Energy Inc. | 0.21 | Add 24.62% | 14,755,000 | $0.81 | $12,003,192 | $36.45 | +4380.64% | $25.78 | $54.43 |
| MKSI · Mks Inc. | 0.20 | New | 11,985,000 | $0.99 | $11,871,142 | $313.21 | +31521.40% | $80.22 | $326.84 |
| CMS · Cms Energy Corp. | 0.20 | Add 5.25% | 11,017,000 | $1.07 | $11,738,613 | $72.61 | +6714.64% | $67.71 | $80.36 |
| MX · Magnachip Semiconductor Corp. | 0.20 | 2,849,858 | $3.98 | $11,342,434 | $4.53 | +13.82% | $2.18 | $5.64 | |
| UPST · Upstart Hldgs Inc. | 0.19 | Add 21.90% | 11,901,000 | $0.95 | $11,305,950 | $28.96 | +2948.42% | $23.96 | $87.30 |
| COIN · Coinbase Global Inc. | 0.18 | Add 176.98% | 7,894,000 | $1.31 | $10,345,086 | $201.16 | +15249.87% | $139.36 | $444.65 |
| EXE · Expand Energy Corp. | 0.18 | 95,294 | $108.28 | $10,318,434 | $95.92 | -11.42% | $91.02 | $126.62 | |
| 08579X101 · Berry Corp. | 0.18 | 3,697,000 | $2.77 | $10,240,690 | — | — | — | — | |
| YPF · Ypf Sociedad Anonima | 0.18 | New | 324,330 | $31.45 | $10,200,178 | — | — | — | — |
| LIVN · Livanova Plc | 0.18 | Reduce 33.31% | 9,995,000 | $1.02 | $10,198,101 | $71.86 | +6942.89% | $41.02 | $72.51 |
| CBRL · Cracker Barrel Old Country Store Inc. | 0.16 | New | 9,922,000 | $0.96 | $9,500,315 | $31.49 | +3188.77% | $24.85 | $71.93 |
| SHAK · Shake Shack Inc. | 0.16 | Reduce 23.67% | 8,821,000 | $1.07 | $9,466,035 | $70.14 | +6436.05% | $67.20 | $144.65 |
| BHC · Bausch Health Cos Inc. | 0.15 | 1,270,000 | $6.66 | $8,458,200 | $5.75 | -13.66% | $4.41 | $8.69 | |
| GH · Guardant Health Inc. | 0.14 | Reduce 11.07% | 7,193,000 | $1.17 | $8,402,614 | — | — | — | — |
| WEC · Wec Energy Group Inc. | 0.14 | New | 7,154,000 | $1.16 | $8,273,601 | $111.66 | +9554.99% | $100.61 | $119.62 |
| ALVO · Alvotech | 0.14 | 4,666,667 | $1.76 | $8,236,667 | $3.26 | +84.70% | $3.03 | $11.85 | |
| NEE · Nextera Energy Cap Hldgs Inc. | 0.14 | Reduce 19.23% | 7,141,000 | $1.14 | $8,137,169 | $93.10 | +8070.25% | $63.88 | $98.75 |
| TTEK · Tetra Tech Inc. New | 0.14 | Add 281.65% | 6,969,000 | $1.13 | $7,866,258 | $30.29 | +2583.50% | $29.57 | $43.14 |
| DXCM · Dexcom Inc. | 0.13 | Reduce 20.96% | 8,288,000 | $0.94 | $7,815,583 | $60.61 | +6327.36% | $54.11 | $89.98 |
| PSN · Parsons Corp. Del | 0.13 | Add 377.34% | 7,203,000 | $1.07 | $7,692,803 | $49.18 | +4504.87% | $48.80 | $89.50 |
| 92343XAC4 · Verint Systems Inc. | 0.13 | New | 7,835,000 | $0.96 | $7,533,352 | — | — | — | — |
| SMRT · Smartrent Inc. | 0.13 | 7,505,294 | $0.99 | $7,430,242 | $1.12 | +13.13% | $0.72 | $2.20 | |
| BL · Blackline Inc. | 0.13 | New | 6,945,000 | $1.07 | $7,410,894 | — | — | — | — |
| TVTX · Travere Therapeutics Inc. | 0.13 | Add 6.91% | 7,741,000 | $0.96 | $7,392,820 | — | — | — | — |
| HTHT · H World Group Ltd. | 0.13 | Reduce 36.59% | 6,884,000 | $1.06 | $7,283,271 | — | — | — | — |
| MTN · Vail Resorts Inc. | 0.13 | Add 27.44% | 7,458,000 | $0.97 | $7,271,550 | $125.42 | +12763.59% | $118.51 | $175.51 |
| CYTK · Cytokinetics Inc. | 0.12 | Add 4.69% | 6,692,000 | $1.07 | $7,137,017 | — | — | — | — |
| BXMT · Blackstone Mortgage Trust Inc. | 0.12 | Add 1.84% | 7,151,000 | $0.98 | $6,979,376 | $19.13 | +1860.04% | $17.67 | $20.67 |
| BABA · Alibaba Group Hldg Ltd. | 0.12 | New | 5,397,000 | $1.28 | $6,901,814 | — | — | — | — |
| FLR · Fluor Corp. | 0.11 | Reduce 8.97% | 5,011,000 | $1.31 | $6,580,695 | $43.31 | +3197.93% | $37.04 | $57.50 |
| VAC · Marriott Vacations Worldwide | 0.11 | New | 6,746,000 | $0.97 | $6,533,351 | — | — | — | — |
| HDB · Hdfc Bank Ltd. | 0.11 | Reduce 5.41% | 84,843 | $76.67 | $6,504,912 | $25.02 | -67.37% | $23.91 | $39.80 |
| MGNI · Magnite Inc. | 0.11 | Add 196.43% | 6,637,000 | $0.97 | $6,415,432 | $14.13 | +1361.80% | $10.82 | $26.65 |
| 75737FAE8 · Redfin Corp. | 0.11 | Add 155.08% | 7,025,000 | $0.90 | $6,340,755 | — | — | — | — |
| LITE · Lumentum Holdings Inc. | 0.11 | Add 110.37% | 3,997,000 | $1.54 | $6,139,392 | — | — | — | — |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held. Price columns + 52-week range are placeholders pending v2 price-data feed.
Sector % analysis
12 sectors represented
Whales with similar holdings to Howard Marks
Ranked by number of overlapping positions in current portfolios
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★ WatchlistData from SEC EDGAR · whalstreet.com