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
+8.95%
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
$6.36B
AUM Growth
-$521M
Cap. Flow
-$1.35B
Cap. Flow %
-21.22%
Top 10 Hldgs %
63.11%
Holding
194
New
13
Increased
13
Reduced
11
Closed
25

Top Buys

Rank Stock Value
1
EGLE
Eagle Bulk Shipping Inc.
EGLE
+$64.1M
2
INDV icon
Indivior Pharmaceuticals
INDV
+$63M
3
BIDU icon
Baidu
BIDU
+$45M
4
LI icon
Li Auto
LI
+$32.5M
5
VALE icon
Vale
VALE
+$28.6M

Top Sells

Rank Stock Value
1
NMIH icon
NMI Holdings
NMIH
+$109M
2
INFY icon
Infosys
INFY
+$63.5M
3
FTAI icon
FTAI Aviation
FTAI
+$54.2M
4
LBTYA icon
Liberty Global Class A
LBTYA
+$48.5M
5
AMX icon
America Movil
AMX
+$42.6M

Sector Composition

Rank Sector Weight
1 Energy 45.86%
2 Consumer Discretionary 9.5%
3 Materials 9.45%
4 Financials 8.39%
5 Industrials 4.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTZ icon
51
Hertz
HTZ
$802M
$7.83M 0.12%
1,000,000
– –
YPF icon
52
YPF Sociedad Anonima ADS
YPF
$20.1B
$7.03M 0.11%
+355,091
New +$6.16M
VLY icon
53
PUT
Valley National Bancorp
VLY
$7.82B
$3.98M 0.06%
500,000
-500,000
-50% -$4.46M
VCSA
54
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
$2.71M 0.04%
+397,288
New +$3.24M
HDB icon
55
HDFC Bank
HDB
$121B
$1.47M 0.02%
+52,412
New +$1.49M
EWW icon
56
iShares MSCI Mexico ETF
EWW
$1.86B
$1.22M 0.02%
+17,568
New +$1.17M
EONR
57
EON Resources
EONR
$24M
$588K 0.01%
220,080
-204,920
-48% -$450K
INDA icon
58
iShares MSCI India ETF
INDA
$6.61B
$565K 0.01%
+10,945
New +$552K
ECDA
59
DELISTED
ECD Automotive Design
ECDA
$70.5K ﹤0.01%
375
– –
AMX icon
60
America Movil
AMX
$71.3B
– –
-2,298,858
Closed -$42.6M
CAT icon
61
PUT
Caterpillar
CAT
$381B
– –
-300,000
Closed -$88.7M
FTAI icon
62
FTAI Aviation
FTAI
$21.5B
– –
-1,167,061
Closed -$54.2M
HOVR icon
63
New Horizon Aircraft
HOVR
$125M
– –
-555,000
Closed -$5.89M
INFY icon
64
Infosys
INFY
$48.4B
– –
-3,453,979
Closed -$63.5M
LBRDK
65
DELISTED
Liberty Broadband Class C
LBRDK
– –
-86,999
Closed -$7.01M
LBTYA icon
66
Liberty Global Class A
LBTYA
$3.63B
– –
-2,731,000
Closed -$48.5M
LOMA
67
Loma Negra
LOMA
$1.09B
– –
-220,403
Closed -$1.56M
MTG icon
68
MGIC Investment
MTG
$6.34B
– –
-866,000
Closed -$16.7M
OAKU
69
DELISTED
Oak Woods Acquisition Corp
OAKU
– –
-90,000
Closed -$950K
QETAU icon
70
Quetta Acquisition Corp Unit
QETAU
– –
-29,000
Closed -$296K
XOP icon
71
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
– –
-1,195,000
Closed -$164M
CTOR
72
Citius Oncology
CTOR
$78.7M
– –
-135,000
Closed -$1.48M
SBC
73
SBC Medical Group
SBC
$411M
– –
-250,000
Closed -$2.68M
AIEV
74
DELISTED
Thunder Power Holdings, Inc. Common Stock
AIEV
– –
-335,000
Closed -$3.62M
AITRU
75
DELISTED
AI Transportation Acquisition Corp Unit
AITRU
– –
-20,000
Closed -$204K
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 Q1 2024 Portfolio in Review

As of Q1 2024, Howard Marks held 194 positions worth $6.36B, down 7.6% from $6.88B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Howard Marks withdrew a net $1.35B in Q1 2024, closing 25 positions and reducing 11 holdings. Its most notable exit was Infosys, an estimated $63.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 46% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Materials.

Against the trend, Howard Marks opened a new position in Eagle Bulk Shipping Inc. worth $68.6M.

  • Howard Marks's largest Q1 2024 buy was Eagle Bulk Shipping Inc.: 1,098,819 shares worth $68.6M.
  • Howard Marks added most to Vale in Q1 2024, an estimated $28.6M increase.
  • Howard Marks's biggest Q1 2024 reduction was NMI Holdings, cutting an estimated $109M.
  • Howard Marks fully exited Infosys in Q1 2024, selling an estimated $63.5M.
  • Howard Marks's ten largest holdings make up 63% of its $6.36B portfolio in Q1 2024.
  • Howard Marks opened 13 new positions and closed 25 in Q1 2024.
  • Howard Marks's portfolio value fell 7.6% quarter-over-quarter to $6.36B.

Based on Oaktree Capital Management's 13F filing for Q1 2024, filed 14 May 2024.