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
-5.6%
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
$8.61B
AUM Growth
-$981M
Cap. Flow
-$822M
Cap. Flow %
-9.55%
Top 10 Hldgs %
52.28%
Holding
418
New
64
Increased
15
Reduced
21
Closed
36

Top Buys

Rank Stock Value
1
ALVO icon
Alvotech
ALVO
+$59M
2
EXEEL
Expand Energy Corp Class C Warrants
EXEEL
+$49.3M
3
PBR icon
Petrobras
PBR
+$29.5M
4
TOL icon
Toll Brothers
TOL
+$27.9M
5
PHM icon
Pultegroup
PHM
+$26.1M

Top Sells

Rank Stock Value
1
VST icon
Vistra
VST
+$86.5M
2
HTZ icon
Hertz
HTZ
+$63.1M
3
EXE
Expand Energy Corp
EXE
+$45.2M
4
CX icon
Cemex
CX
+$42.8M
5
ALLY icon
Ally Financial
ALLY
+$30M

Sector Composition

Rank Sector Weight
1 Energy 24.26%
2 Financials 13.77%
3 Industrials 13.42%
4 Utilities 10.2%
5 Materials 4.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JFR icon
76
Nuveen Floating Rate Income Fund
JFR
$1.21B
$6.05M 0.07%
+725,061
New +$6.58M
CDT icon
77
CDT Equity Inc
CDT
$2.25M
– –
0
– –
AXAC
78
DELISTED
AXIOS Sustainable Growth Acquisition Corporation
AXAC
$5.99M 0.07%
600,000
– –
BZAI
79
Blaize Holdings
BZAI
$69.3M
$5.95M 0.07%
600,000
– –
JSD
80
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$5.78M 0.07%
+480,438
New +$6.23M
FRA icon
81
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$5.55M 0.06%
+487,470
New +$5.84M
VGAS icon
82
Verde Clean Fuels
VGAS
$27.1M
$5.53M 0.06%
550,000
+250,000
+83% +$2.51M
BWAQ
83
DELISTED
Blue World Acquisition Corporation Class A Ordinary Shares
BWAQ
$5.45M 0.06%
550,000
– –
BRAC
84
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$5.45M 0.06%
550,000
– –
JRO
85
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$5.23M 0.06%
+640,508
New +$5.75M
VSEE
86
DELISTED
VSEE HEALTH INC
VSEE
$5.01M 0.06%
500,000
– –
AXH
87
DELISTED
Industrial Human Capital, Inc.
AXH
$5.01M 0.06%
500,000
– –
JWAC
88
DELISTED
Jupiter Wellness Acquisition Corp. Class A Common Stock
JWAC
$4.98M 0.06%
500,000
– –
CYCU
89
Cycurion Inc
CYCU
$16.9M
$4.97M 0.06%
+16,800
New +$4.95M
DUET
90
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
$4.94M 0.06%
500,000
– –
NSL
91
DELISTED
NUVEEN SENIOR INCM FD
NSL
$4.88M 0.06%
+1,019,697
New +$5.27M
MSSA
92
DELISTED
Metal Sky Star Acquisition Corporation Ordinary shares
MSSA
$4.88M 0.06%
+496,000
New +$4.88M
SAGA
93
DELISTED
Sagaliam Acquisition Corp. Class A Common Stock
SAGA
$4.71M 0.05%
475,000
– –
EXEEW
94
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
$4.62M 0.05%
+75,810
New +$5.27M
FEXD
95
DELISTED
Fintech Ecosystem Development Corp. Class A Common Stock
FEXD
$4.51M 0.05%
450,000
– –
TETE
96
DELISTED
Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares
TETE
$4.5M 0.05%
450,000
– –
EVGR
97
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$4.49M 0.05%
+450,000
New +$4.49M
WTMA
98
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$4.46M 0.05%
450,000
– –
GRML
99
Greenland Mines Ltd
GRML
$644K
$4.45M 0.05%
+450,000
New +$4.43M
TRUG icon
100
TruGolf
TRUG
$1.64M
$4.24M 0.05%
850
– –
2 3
4
5 6

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 2022 Portfolio in Review

As of Q2 2022, Howard Marks held 418 positions worth $8.61B, down 10% from $9.59B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Howard Marks withdrew a net $822M in Q2 2022, closing 36 positions and reducing 21 holdings. Its most notable exit was Sociedad Química y Minera de Chile, an estimated $29.7M position sold in full.

By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 22% a quarter earlier, followed by Financials and Industrials.

Against the trend, Howard Marks opened a new position in Alvotech worth $52M.

  • Howard Marks's largest Q2 2022 buy was Alvotech: 6,338,660 shares worth $52M.
  • Howard Marks added most to Petrobras in Q2 2022, an estimated $29.5M increase.
  • Howard Marks's biggest Q2 2022 reduction was Vistra, cutting an estimated $86.5M.
  • Howard Marks fully exited Sociedad Química y Minera de Chile in Q2 2022, selling an estimated $29.7M.
  • Howard Marks's ten largest holdings make up 52% of its $8.61B portfolio in Q2 2022.
  • Howard Marks opened 64 new positions and closed 36 in Q2 2022.
  • Howard Marks's portfolio value fell 10% quarter-over-quarter to $8.61B.

Based on Oaktree Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.