Howard Marks — Portfolio & Holdings
Howard Marks of Oaktree Capital manages $3.78B across 48 reported positions as of Q2 2026, according to Nexqual.
Co-founder of Oaktree. Credit and distressed debt; famous memos.
Key Facts
| Investor | Howard Marks |
|---|---|
| Firm | Oaktree Capital |
| Assets Under Management (13F) | $3.78B |
| Number of Positions | 48 |
| Reporting Period | Q2 2026 |
Top Holdings
Howard Marks's largest reported holdings: TRMD, EXE, GTX, AU, INDV, TDS, VNOM, CORZ, TLN, B.
All 48 Holdings (Q2 2026)
| # | Symbol | Company | % of portfolio | Value | Change vs prior quarter |
|---|---|---|---|---|---|
| 1 | TRMD | TORM plc | 13.87% | $524M | Reduced 14.72% |
| 2 | EXE | EXPAND ENERGY Corp | 12.64% | $478M | Unchanged |
| 3 | GTX | Garrett Motion Inc. | 7.28% | $275M | Reduced 47.96% |
| 4 | AU | AngloGold Ashanti PLC | 6.81% | $257M | Reduced 1.37% |
| 5 | INDV | Indivior Pharmaceuticals, Inc. | 6.65% | $251M | New position |
| 6 | TDS | Telephone & Data Systems | 5.17% | $196M | Added 23.08% |
| 7 | VNOM | Viper Energy, Inc. | 4.25% | $161M | Unchanged |
| 8 | CORZ | Core Scientific, Inc. | 3.38% | $128M | Reduced 46.88% |
| 9 | TLN | Talen Energy Corp | 3.37% | $127M | Unchanged |
| 10 | B | Barrick Mining | 3.12% | $118M | Added 22.14% |
| 11 | ITUB | Itau Unibanco Holding S.A. | 2.59% | $97.9M | Reduced 1.73% |
| 12 | LBTYA | Liberty Global Ltd. | 2.57% | $97.2M | Unchanged |
| 13 | OCSL | Oaktree Specialty Lending Corp | 2.49% | $94.0M | Added 324.96% |
| 14 | FCX | Freeport-Mcmoran | 2.00% | $75.5M | Reduced 1.56% |
| 15 | AERO | Grupo Aeromexico, S.A.B. de C.V. | 1.89% | $71.4M | Unchanged |
| 16 | KRC | Kilroy Realty | 1.83% | $69.3M | Unchanged |
| 17 | LILA | Liberty Latin America Ltd. | 1.73% | $65.5M | Added 27.48% |
| 18 | SE | Sea Ltd | 1.61% | $60.9M | New position |
| 19 | BLCO | Bausch & Lomb Corp | 1.51% | $57.0M | Added 1.72% |
| 20 | VSAT | Viasat | 1.50% | $56.6M | New position |
| 21 | MMYT | MakeMyTrip Ltd | 1.39% | $52.4M | New position |
| 22 | MATW | Matthews International | 1.37% | $51.8M | New position |
| 23 | XP | XP Inc. | 1.34% | $50.7M | Reduced 1.74% |
| 24 | YPF | YPF Sociedad Anonima | 1.19% | $45.1M | Added 11.83% |
| 25 | TAC | Transalta | 1.10% | $41.5M | Reduced 53.24% |
| 26 | RWAY | Runway Growth Finance Corp. | 1.04% | $39.4M | Unchanged |
| 27 | EMBJ | Embraer S.A. | 0.74% | $28.1M | Reduced 1.76% |
| 28 | KRSP | Rice Acquisition Corp 3 | 0.68% | $25.6M | Unchanged |
| 29 | AD | Array Digital Infrastructure | 0.67% | $25.3M | Reduced 3.81% |
| 30 | SHAZ | SharonAI Holdings Inc. | 0.65% | $24.5M | New position |
| 31 | TX | Ternium S.A. | 0.65% | $24.4M | Reduced 1.82% |
| 32 | QMCO | Quantum | 0.59% | $22.1M | New position |
| 33 | SMPL | Simply Good Foods Co | 0.42% | $16.0M | Added 6.64% |
| 34 | SGRY | Surgery Partners, Inc. | 0.38% | $14.5M | New position |
| 35 | MINE | Mayfair Gold | 0.29% | $11.1M | New position |
| 36 | BMM | Blue Moon Metals Inc. | 0.28% | $10.7M | New position |
| 37 | SMRT | SmartRent, Inc. | 0.24% | $8.9M | Unchanged |
| 38 | MX | MAGNACHIP SEMICONDUCTOR Corp | 0.19% | $7.1M | Reduced 47.37% |
| 39 | BATL | Battalion Oil | 0.10% | $3.9M | Unchanged |
| 40 | DPC | DPC Holdings PLC | 0.10% | $3.7M | New position |
| 41 | SVC | Service Properties Trust | 0.09% | $3.4M | New position |
| 42 | BTAIQ | BioXcel Therapeutics, Inc. | 0.05% | $1.9M | Added 472.27% |
| 43 | NNBR | NN | 0.05% | $1.8M | New position |
| 44 | TEO | Telecom Argentina Sa | 0.04% | $1.5M | Reduced 92.84% |
| 45 | ALVO | Alvotech | 0.04% | $1.4M | Reduced 0.06% |
| 46 | CX | Cemex Sab De CV | 0.03% | $1.2M | Reduced 96.38% |
| 47 | STKL | Sunopta | 0.01% | $406K | Reduced 99.64% |
| 48 | OPI | Office Properties Income Trust | 0.00% | $184K | New position |
Source: Compiled by Nexqual from public SEC 13F filings, October 23, 2026 at 15:04 UTC. Holdings reflect the most recent quarterly filing and may not represent the current portfolio.
Data source: Nexqual. Last updated: October 23, 2026 at 15:04 UTC. This page is informational and not investment advice.
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