We are live on ! Find out more
HM

Howard Marks Oaktree Capital Management

AUM $7.21B
1-Year Est. Return 45.97%
 

Howard Marks is co-founder of Oaktree Capital Management, a leading firm in credit, distressed debt, and alternative credit strategies. He is equally well known for his widely read client memos on market cycles, risk, and investor psychology. Marks’s investing philosophy stresses second-level thinking, asymmetric risk/reward, and the importance of understanding where markets sit in the credit cycle.

This Fund
S&P 500
This Quarter Est. Return
+6.92%
1 Year Est. Return
+45.97%
3 Year Est. Return
+88.04%
5 Year Est. Return
+157.91%
10 Year Est. Return
+691.44%
AUM
$5.33B
AUM Growth
+$68.6M
Cap. Flow
-$1.04B
Cap. Flow %
-19.59%
Top 10 Hldgs %
50.68%
Holding
214
New
9
Increased
18
Reduced
26
Closed
9

Top Buys

Rank Stock Value
1
VST icon
Vistra
VST
+$103M
2
BRY
Berry Corp
BRY
+$57.6M
3
PBR icon
Petrobras
PBR
+$33.6M
4
SBLK icon
Star Bulk Carriers
SBLK
+$16.3M
5
HUYA
Huya Inc
HUYA
+$12.4M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$63.8M
2
YUMC icon
Yum China
YUMC
+$33.4M
3
VICI icon
VICI Properties
VICI
+$32.8M
4
NMIH icon
NMI Holdings
NMIH
+$19.7M
5
IBN icon
ICICI Bank
IBN
+$19.4M

Sector Composition

Rank Sector Weight
1 Energy 16.55%
2 Financials 14.08%
3 Utilities 12.47%
4 Industrials 10.73%
5 Technology 5.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEON icon
51
VEON
VEON
$4.09B
$4.7M 0.09%
67,156
– –
OIBR.C
52
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$4.42M 0.08%
2,201,646
– –
OCSI
53
DELISTED
Oaktree Strategic Income Corporation
OCSI
$3.33M 0.06%
392,000
– –
ONC
54
BeOne Medicines Ltd
ONC
$42.4B
$3.31M 0.06%
+26,700
New +$3.39M
TV icon
55
Televisa
TV
$1.47B
$3.25M 0.06%
+385,000
New +$3.75M
DHR.PRA
56
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$3.24M 0.06%
2,930
-4,070
-58% -$4.31M
BDXA
57
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$3.16M 0.06%
51,050
-170,160
-77% -$10.1M
BELFB
58
Bel Fuse Inc Class B
BELFB
$3.69B
$3.01M 0.06%
175,060
– –
CCI.PRA
59
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$2.89M 0.05%
2,402
-7,104
-75% -$8.38M
SWP
60
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$2.86M 0.05%
28,300
-9,200
-25% -$923K
MBT
61
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
$2.78M 0.05%
298,500
– –
BAC.PRL icon
62
Bank of America Series L
BAC.PRL
$3.95B
$2.69M 0.05%
1,960
– –
INDA icon
63
iShares MSCI India ETF
INDA
$6.61B
$2.11M 0.04%
59,800
+12,800
+27% +$450K
QTS.PRB
64
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$1.86M 0.03%
16,790
-44,550
-73% -$4.92M
SRE.PRB
65
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$1.59M 0.03%
14,350
-73,840
-84% -$8.07M
NEE.PRR
66
DELISTED
NextEra Energy, Inc.
NEE.PRR
$1.56M 0.03%
23,980
-152,410
-86% -$9.61M
DTV
67
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
$1.53M 0.03%
27,300
-68,700
-72% -$3.83M
OCSL icon
68
Oaktree Specialty Lending
OCSL
$1.14B
$1.5M 0.03%
92,000
– –
FPI
69
Farmland Partners
FPI
$443M
$1.41M 0.03%
200,000
-150,000
-43% -$972K
LOMA
70
Loma Negra
LOMA
$1.09B
$1.25M 0.02%
+107,000
New +$1.13M
BELFA icon
71
Bel Fuse Inc Class A
BELFA
$3.09B
$1.09M 0.02%
71,613
– –
WFC.PRL icon
72
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.57B
$984K 0.02%
721
-2,154
-75% -$2.85M
USWSW
73
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$950K 0.02%
1,500,000
– –
SD icon
74
SandRidge Energy
SD
$532M
$934K 0.02%
135,000
– –
SIGA icon
75
SIGA Technologies
SIGA
$218M
$908K 0.02%
159,782
– –
1 2
3
4

Similar funds

SPC
Slate Path Capital New York $7.22B AUM 110.75% 1-Year Est. Return
SAM
Simplify Asset Management Las Vegas, Nevada $7.19B AUM 6.88% 1-Year Est. Return
CIMLRA
CBRE Investment Management Listed Real Assets Radnor, Pennsylvania $7.18B AUM 18.15% 1-Year Est. Return
GT
Glenview Trust Louisville, Kentucky $7.23B AUM 27.68% 1-Year Est. Return
GI
Gradient Investments Arden Hills, Minnesota $7.25B AUM 20.71% 1-Year Est. Return
BF
BOK Financial Tulsa, Oklahoma $7.25B AUM 33.76% 1-Year Est. Return
TB
Thoma Bravo Chicago, Illinois $7.28B AUM 35.55% 1-Year Est. Return
SAM
Scopus Asset Management New York $7.11B AUM 32.62% 1-Year Est. Return

Howard Marks's Q2 2019 Portfolio in Review

As of Q2 2019, Howard Marks held 214 positions worth $5.33B, up 1.3% from $5.27B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Howard Marks withdrew a net $1.04B in Q2 2019, closing 9 positions and reducing 26 holdings. Its most notable exit was Alibaba, an estimated $63.8M position sold in full.

By sector, the portfolio is most concentrated in Energy at 17% of assets, up from 14% a quarter earlier, followed by Financials and Utilities.

Against the trend, Howard Marks opened a new position in Petrobras worth $34.3M.

  • Howard Marks's largest Q2 2019 buy was Petrobras: 2,200,848 shares worth $34.3M.
  • Howard Marks added most to Vistra in Q2 2019, an estimated $103M increase.
  • Howard Marks's biggest Q2 2019 reduction was NMI Holdings, cutting an estimated $19.7M.
  • Howard Marks fully exited Alibaba in Q2 2019, selling an estimated $63.8M.
  • Howard Marks's ten largest holdings make up 51% of its $5.33B portfolio in Q2 2019.
  • Howard Marks opened 9 new positions and closed 9 in Q2 2019.
  • Howard Marks's portfolio value rose 1.3% quarter-over-quarter to $5.33B.

Based on Oaktree Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.