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
+7.55%
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
$9.11B
AUM Growth
+$500M
Cap. Flow
-$708M
Cap. Flow %
-7.77%
Top 10 Hldgs %
52.56%
Holding
415
New
17
Increased
20
Reduced
27
Closed
35

Top Buys

Rank Stock Value
1
STR
Sitio Royalties
STR
+$335M
2
PAGS icon
PagSeguro Digital
PAGS
+$20.1M
3
VAL icon
Valaris
VAL
+$15.4M
4
VALE icon
Vale
VALE
+$13.1M
5
VVR icon
Invesco Senior Income Trust
VVR
+$11.7M

Top Sells

Rank Stock Value
1
EXE
Expand Energy Corp
EXE
+$65.9M
2
PBR icon
Petrobras
PBR
+$57.2M
3
PCG icon
PG&E
PCG
+$49.8M
4
SMCI icon
Super Micro Computer
SMCI
+$26.2M
5
IBN icon
ICICI Bank
IBN
+$22.3M

Sector Composition

Rank Sector Weight
1 Energy 31.57%
2 Financials 12.87%
3 Industrials 10.03%
4 Utilities 9.35%
5 Materials 3.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WTMA
101
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$4.5M 0.05%
450,000
– –
GRML
102
Greenland Mines Ltd
GRML
$644K
$4.46M 0.05%
450,000
– –
TRUG icon
103
TruGolf
TRUG
$1.64M
$4.28M 0.05%
850
– –
EONR
104
EON Resources
EONR
$24M
$4.26M 0.05%
425,000
– –
BGB
105
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$4.13M 0.05%
389,043
+39,043
+11% +$448K
FTII
106
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$4.12M 0.05%
410,000
– –
ICNC
107
DELISTED
Iconic Sports Acquisition Corp.
ICNC
$4.06M 0.04%
400,000
– –
GTI
108
DELISTED
Graphjet Technology
GTI
$4.06M 0.04%
6,667
– –
RSVR
109
Reservoir Media
RSVR
$652M
$4.05M 0.04%
830,415
-101,474
-11% -$650K
ALSA
110
DELISTED
Alpha Star Acquisition Corp
ALSA
$4.03M 0.04%
400,000
– –
HMACU
111
DELISTED
Hainan Manaslu Acquisition Corp. Unit
HMACU
$4.03M 0.04%
+400,000
New +$4.02M
FXCO
112
DELISTED
Financial Strategies Acquisition Corp. Class A Common Stock
FXCO
$4.01M 0.04%
400,000
– –
DTI icon
113
Drilling Tools International
DTI
$92.1M
$4.01M 0.04%
400,000
– –
GDNR
114
DELISTED
Gardiner Healthcare Acquisitions Corp. Common Stock
GDNR
$4M 0.04%
400,000
– –
IGTA
115
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$3.97M 0.04%
400,000
– –
CSLM
116
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
$3.97M 0.04%
400,000
– –
EFT
117
Eaton Vance Floating-Rate Income Trust
EFT
$285M
$3.96M 0.04%
348,674
+94,695
+37% +$1.14M
RFAC
118
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$3.95M 0.04%
400,000
– –
YOTA
119
DELISTED
Yotta Acquisition Corporation Common Stock
YOTA
$3.94M 0.04%
+398,000
New +$3.92M
AVAC
120
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$3.77M 0.04%
375,000
– –
REVE
121
DELISTED
Alpine Acquisition Corp
REVE
$3.58M 0.04%
350,000
– –
DSAQ
122
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$3.54M 0.04%
350,000
– –
SANB
123
DELISTED
Sanaby Health Acquisition Corp. I Class A Common Stock
SANB
$3.54M 0.04%
350,000
– –
SHAP
124
DELISTED
Spree Acquisition Corp. 1 Limited
SHAP
$3.54M 0.04%
350,000
– –
RRAC
125
DELISTED
Rigel Resource Acquisition Corp.
RRAC
$3.54M 0.04%
350,000
– –
3 4
5
6 7

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 2022 Portfolio in Review

As of Q3 2022, Howard Marks held 415 positions worth $9.11B, up 5.8% from $8.61B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Howard Marks withdrew a net $708M in Q3 2022, closing 35 positions and reducing 27 holdings. Its most notable exit was Super Micro Computer, an estimated $26.2M position sold in full.

By sector, the portfolio is most concentrated in Energy at 32% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.

Against the trend, Howard Marks opened a new position in Sitio Royalties worth $286M.

  • Howard Marks's largest Q3 2022 buy was Sitio Royalties: 12,935,120 shares worth $286M.
  • Howard Marks added most to Valaris in Q3 2022, an estimated $15.4M increase.
  • Howard Marks's biggest Q3 2022 reduction was Expand Energy Corp, cutting an estimated $65.9M.
  • Howard Marks fully exited Super Micro Computer in Q3 2022, selling an estimated $26.2M.
  • Howard Marks's ten largest holdings make up 53% of its $9.11B portfolio in Q3 2022.
  • Howard Marks opened 17 new positions and closed 35 in Q3 2022.
  • Howard Marks's portfolio value rose 5.8% quarter-over-quarter to $9.11B.

Based on Oaktree Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.