Asset Manager · CIK 0000949509

Howard Marks

Oaktree Capital
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Howard Marks runs Oaktree Capital, an asset manager overseeing $6.17T in disclosed equity holdings (SEC CIK 0000949509). The latest portfolio (2025Q4) discloses 166 positions across 11 sectors, with the largest positions in EXE, TORM PLC and ANGLOGOLD ASHANTI PLC. On a mark-to-market basis the tracked portfolio has returned 40.2% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Howard's filingsView holdings
Portfolio
$6.17T
Positions
166
Quarter
2025Q4
Filings tracked
40
1Y+40.2%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Biggest winner since filing
ONITOCWEN FINL CORP
+92.9%
+$10.0M
Biggest loser since filing
GTXGARRETT MOTION INC
-99.7%
−$305.66B

Investment strategy

Howard Marks is a mega-fund. Disclosed equity book is over $100B.

Holdings

11 sectors
166 positions
Top 3 = 37% of book · TORM PLC, EXE, GTX
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Performance

vs SPY
40 quarters tracked
Mark-to-market portfolio growth vs SPY benchmark, with AUM and concentration history.
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Options & derivatives

Bearish bets
2 option positions
Largest: PUT SPY ($226.64B notional)
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Activity & trades

Quarter-by-quarter
Last move 2025Q4
ADD TLN — and 4 more recent moves.
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Recent transactions

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ADD
Howard Marks (Oaktree Capital) added to TLN
TALEN ENERGY CORP
+40,000
~$374.84 · 2025Q4
2026-02-17
SOLD
Howard Marks (Oaktree Capital) exited EVH 3.5 12/01/29
EVOLENT HEALTH INC 3.500 12/01/29 CVT
−1,015,000
~$0.81 · 2025Q4
2026-02-17
TRIM
Howard Marks (Oaktree Capital) trimmed AVAV 0 07/15/30
AEROVIRONMENT INC
−2,000,000
~$1.09 · 2025Q4
2026-02-17
NEW
Howard Marks (Oaktree Capital) opened a new position in CAKE 0.375 06/15/26
CHEESECAKE FACTORY INC/THE
+1,960,000
~$0.99 · 2025Q4
2026-02-17
ADD
Howard Marks (Oaktree Capital) added to ALRM 0 01/15/26
ALARM COM HLDGS INC
+2,441,000
~$1.00 · 2025Q4
2026-02-17
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