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
-1.77%
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
$7.16B
AUM Growth
-$285M
Cap. Flow
-$1.04B
Cap. Flow %
-14.53%
Top 10 Hldgs %
51.47%
Holding
279
New
105
Increased
16
Reduced
5
Closed
17

Top Buys

Rank Stock Value
1
FCX icon
Freeport-McMoran
FCX
+$64.6M
2
KRC icon
Kilroy Realty
KRC
+$42.1M
3
OCSL icon
Oaktree Specialty Lending
OCSL
+$29.7M
4
BBD icon
Banco Bradesco
BBD
+$14.3M
5
AU icon
AngloGold Ashanti
AU
+$14.2M

Top Sells

Rank Stock Value
1
COLD icon
Americold
COLD
+$446M
2
SHLS icon
Shoals Technologies Group
SHLS
+$177M
3
XEC
CIMAREX ENERGY CO
XEC
+$22.6M
4
EXEEL
Expand Energy Corp Class C Warrants
EXEEL
+$16.6M
5
MTG icon
MGIC Investment
MTG
+$9.59M

Sector Composition

Rank Sector Weight
1 Energy 23.01%
2 Financials 13.33%
3 Industrials 13.12%
4 Utilities 11.17%
5 Materials 5.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TEO icon
51
Telecom Argentina
TEO
$5.66B
$11.2M 0.16%
2,260,500
– –
TGS icon
52
Transportadora de Gas del Sur
TGS
$4.23B
$9.68M 0.14%
1,963,575
– –
WRAC.WS
53
CALL
DELISTED
Williams Rowland Acquisition Corp. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50
WRAC.WS
$8.48M 0.12%
+1,122,296
New +$569K
ASC icon
54
Ardmore Shipping
ASC
$752M
$6.64M 0.09%
1,600,000
– –
BELFB
55
Bel Fuse Inc Class B
BELFB
$3.69B
$5.75M 0.08%
462,679
– –
FLG.PRU
56
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$116M
$4.76M 0.07%
89,250
– –
RSVR
57
Reservoir Media
RSVR
$652M
$4.27M 0.06%
+468,700
New +$4.12M
OACB.WS
58
DELISTED
Oaktree Acquisition Corp. II Warrants, each whole warrant exercisable for one Class A ordinary share
OACB.WS
$4.2M 0.06%
4,666,667
– –
REVEU
59
DELISTED
Alpine Acquisition Corp Unit
REVEU
$3.55M 0.05%
+350,000
New +$3.52M
DSAQ.U
60
DELISTED
Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant
DSAQ.U
$3.53M 0.05%
+350,000
New +$3.52M
VEON icon
61
VEON
VEON
$4.09B
$3.09M 0.04%
59,509
-7,600
-11% -$365K
WINVU
62
DELISTED
WinVest Acquisition Corp. Unit
WINVU
$3.07M 0.04%
+300,000
New +$3.04M
CENQU
63
DELISTED
CENAQ Energy Corp. Unit
CENQU
$3.02M 0.04%
+300,000
New +$2.99M
FLAG.U
64
DELISTED
First Light Acquisition Group, Inc. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
FLAG.U
$2.98M 0.04%
+300,000
New +$2.98M
MEOAU
65
DELISTED
Minority Equality Opportunities Acquisition Inc. Units
MEOAU
$2.83M 0.04%
+275,000
New +$2.79M
EXEEW
66
CALL
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
$2.77M 0.04%
+75,810
New +$2.36M
OXACU
67
DELISTED
Oxbridge Acquisition Corp. Unit
OXACU
$2.56M 0.04%
+250,000
New +$2.53M
PONOU
68
DELISTED
Pono Capital Corp Unit
PONOU
$2.55M 0.04%
+250,000
New +$2.52M
FLYA.U
69
DELISTED
SOAR Technology Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
FLYA.U
$2.54M 0.04%
+250,000
New +$2.54M
DCRDU
70
DELISTED
Decarbonization Plus Acquisition Corporation IV Unit
DCRDU
$2.52M 0.04%
+250,000
New +$2.52M
FHLTU
71
DELISTED
Future Health ESG Corp. Unit
FHLTU
$2.5M 0.03%
+250,000
New +$2.49M
SIERU
72
DELISTED
Sierra Lake Acquisition Corp. Unit
SIERU
$2.49M 0.03%
+250,000
New +$2.49M
GSD
73
DELISTED
Global Systems Dynamics Inc. Class A Common Stock
GSD
$2.46M 0.03%
+250,000
New +$2.46M
DRAY
74
DELISTED
Macondray Capital Acquisition Corp. I Class A Ordinary Shares
DRAY
$2.46M 0.03%
+250,000
New +$2.44M
JAQCU
75
DELISTED
Jupiter Acquisition Corporation Units
JAQCU
$2.46M 0.03%
+250,000
New +$2.45M
1 2
3
4 5

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 Q3 2021 Portfolio in Review

As of Q3 2021, Howard Marks held 279 positions worth $7.16B, down 3.8% from $7.45B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Howard Marks withdrew a net $1.04B in Q3 2021, closing 17 positions and reducing 5 holdings. Its most notable exit was Americold, an estimated $446M position sold in full.

By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 20% a quarter earlier, followed by Financials and Industrials.

Against the trend, Howard Marks opened a new position in Freeport-McMoran worth $59.6M.

  • Howard Marks's largest Q3 2021 buy was Freeport-McMoran: 1,833,550 shares worth $59.6M.
  • Howard Marks added most to Kilroy Realty in Q3 2021, an estimated $42.1M increase.
  • Howard Marks's biggest Q3 2021 reduction was MGIC Investment, cutting an estimated $9.59M.
  • Howard Marks fully exited Americold in Q3 2021, selling an estimated $446M.
  • Howard Marks's ten largest holdings make up 51% of its $7.16B portfolio in Q3 2021.
  • Howard Marks opened 105 new positions and closed 17 in Q3 2021.
  • Howard Marks's portfolio value fell 3.8% quarter-over-quarter to $7.16B.

Based on Oaktree Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.