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
PSTH
176
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
$2M 0.02%
100,000
– –
BPAC
177
DELISTED
Bullpen Parlay Acquisition Company Class A Ordinary Share
BPAC
$2M 0.02%
200,000
– –
MNTN
178
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$2M 0.02%
200,000
– –
TYGO icon
179
Tigo Energy
TYGO
$83.7M
$2M 0.02%
200,000
– –
PNST
180
DELISTED
Pinstripes Holdings, Inc.
PNST
$1.99M 0.02%
200,000
– –
BMAC
181
DELISTED
Black Mountain Acquisition Corp.
BMAC
$1.99M 0.02%
200,000
– –
AIB
182
DELISTED
AIB Acquisition Corp
AIB
$1.99M 0.02%
200,000
– –
ZVSA
183
DELISTED
ZyVersa Therapeutics
ZVSA
$1.99M 0.02%
571
– –
GMFI
184
DELISTED
Aetherium Acquisition Corp
GMFI
$1.98M 0.02%
200,000
– –
DAOO
185
DELISTED
Crypto 1 Acquisition Corp Class A Ordinary Shares
DAOO
$1.98M 0.02%
200,000
– –
SEPA
186
DELISTED
SEP Acquisition Corp Class A Common Stock
SEPA
$1.98M 0.02%
200,000
– –
ARIZ
187
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$1.98M 0.02%
200,000
– –
ENER
188
DELISTED
Accretion Acquisition Corp
ENER
$1.97M 0.02%
200,000
– –
PRBM
189
DELISTED
Parabellum Acquisition Corp.
PRBM
$1.97M 0.02%
200,000
– –
BLNG
190
DELISTED
Belong Acquisition Corp. Class A Common Stock
BLNG
$1.97M 0.02%
200,000
– –
XAGE
191
DELISTED
Longevity Health Holdings, Inc. Common Stock
XAGE
$1.94M 0.02%
6,667
– –
SUAC
192
DELISTED
ShoulderUp Technology Acquisition Corp.
SUAC
$1.74M 0.02%
175,000
– –
LBBB
193
DELISTED
Lakeshore Acquisition II Corp. Ordinary Shares
LBBB
$1.73M 0.02%
+175,000
New +$1.74M
SHFS icon
194
SHF Holdings
SHFS
$2.03M
$1.59M 0.02%
7,500
– –
BELFA icon
195
Bel Fuse Inc Class A
BELFA
$3.09B
$1.54M 0.02%
71,613
– –
RNER
196
DELISTED
Mount Rainier Acquisition Corp. Common Stock
RNER
$1.51M 0.02%
150,000
– –
DTRT
197
DELISTED
DTRT Health Acquisition Corp. Class A Common Stock
DTRT
$1.51M 0.02%
150,000
– –
SPEC
198
DELISTED
Spectaire Holdings, Inc. Common Stock
SPEC
$1.51M 0.02%
37,500
– –
VSAC
199
DELISTED
Vision Sensing Acquisition Corp. Class A Common Stock
VSAC
$1.5M 0.02%
150,000
– –
KNSW
200
DELISTED
KnightSwan Acquisition Corporation
KNSW
$1.5M 0.02%
150,000
– –
6 7
8
9 10

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.