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
+16.23%
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
$9.51B
AUM Growth
+$404M
Cap. Flow
-$1.66B
Cap. Flow %
-17.41%
Top 10 Hldgs %
55.21%
Holding
397
New
19
Increased
23
Reduced
16
Closed
52

Top Buys

Rank Stock Value
1
LBTYA icon
Liberty Global Class A
LBTYA
+$35.4M
2
PBR icon
Petrobras
PBR
+$11.2M
3
ECDA
ECD Automotive Design
ECDA
+$9.92M
4
KRC icon
Kilroy Realty
KRC
+$9.68M
5
BBD icon
Banco Bradesco
BBD
+$5.96M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$257M
2
EXE
Expand Energy Corp
EXE
+$116M
3
WFRD icon
Weatherford International
WFRD
+$90.9M
4
HTZ icon
Hertz
HTZ
+$66.8M
5
CIVI
Civitas Resources
CIVI
+$66.7M

Sector Composition

Rank Sector Weight
1 Energy 33.56%
2 Financials 11.22%
3 Industrials 9.63%
4 Utilities 7.6%
5 Materials 4.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IRRX
201
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$1.02M 0.01%
100,000
– –
HMA
202
DELISTED
Heartland Media Acquisition Corp.
HMA
$1.02M 0.01%
100,000
– –
NKGN
203
DELISTED
NKGen Biotech, Inc. Common Stock
NKGN
$995K 0.01%
100,000
– –
HWEL
204
DELISTED
Healthwell Acquisition Corp. I Class A Common Stock
HWEL
$991K 0.01%
100,000
– –
ZEO
205
Zeo Energy
ZEO
$15.5M
$776K 0.01%
75,000
– –
SOAR icon
206
Volato Group
SOAR
$8.36M
$765K 0.01%
3,000
– –
LIVB
207
DELISTED
LIV Capital Acquisition Corp. II Class A Ordinary Shares
LIVB
$616K 0.01%
60,000
– –
EVF
208
Eaton Vance Senior Income Trust
EVF
$89.9M
$544K 0.01%
103,278
+82,694
+402% +$442K
GVCI
209
DELISTED
Green Visor Financial Technology Acquisition Corp. I Class A Ordinary Shares
GVCI
$519K 0.01%
50,000
– –
PLAO
210
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
$518K 0.01%
50,000
– –
RDZN icon
211
Roadzen
RDZN
$132M
$514K 0.01%
50,000
– –
LGVC
212
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
$514K 0.01%
50,000
– –
LFAC
213
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$513K 0.01%
50,000
– –
SGII
214
DELISTED
Seaport Global Acquisition II Corp. Class A Common Stock
SGII
$510K 0.01%
50,000
– –
PSQH icon
215
PSQ Holdings
PSQH
$20.3M
$497K 0.01%
3,333
– –
SHLS icon
216
Shoals Technologies Group
SHLS
$1.19B
$296K ﹤0.01%
11,980
– –
USCT
217
DELISTED
Roth CH Acquisition Co. Class A Ordinary Shares
USCT
$258K ﹤0.01%
25,000
– –
SZZL
218
DELISTED
Sizzle Acquisition Corp. Common stock
SZZL
$256K ﹤0.01%
25,000
– –
GCTS
219
GCT Semiconductor Holding
GCTS
$188M
$255K ﹤0.01%
25,000
– –
CMLS
220
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$180K ﹤0.01%
28,937
– –
EFHTR
221
DELISTED
EF Hutton Acquisition Corporation I Rights
EFHTR
$124K ﹤0.01%
+990,000
New +$129K
SRNE
222
DELISTED
Sorrento Therapeutics, Inc.
SRNE
$119K ﹤0.01%
134,000
– –
FLFVR
223
DELISTED
Feutune Light Acquisition Corporation Right
FLFVR
$59.5K ﹤0.01%
735,000
– –
AQUNR
224
DELISTED
Aquaron Acquisition Corp. Rights
AQUNR
$58.5K ﹤0.01%
+225,000
New +$53.4K
TENKR
225
DELISTED
TenX Keane Acquisition Right
TENKR
$29.7K ﹤0.01%
+135,000
New +$23.5K
7 8
9
10 11

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 Q4 2022 Portfolio in Review

As of Q4 2022, Howard Marks held 397 positions worth $9.51B, up 4.4% from $9.11B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Howard Marks withdrew a net $1.66B in Q4 2022, closing 52 positions and reducing 16 holdings. Its most notable exit was Expand Energy Corp Class C Warrants, an estimated $59.4M position sold in full.

By sector, the portfolio is most concentrated in Energy at 34% of assets, up from 32% a quarter earlier, followed by Financials and Industrials.

Against the trend, Howard Marks opened a new position in Liberty Global Class A worth $36.8M.

  • Howard Marks's largest Q4 2022 buy was Liberty Global Class A: 1,946,000 shares worth $36.8M.
  • Howard Marks added most to Petrobras in Q4 2022, an estimated $11.2M increase.
  • Howard Marks's biggest Q4 2022 reduction was PG&E, cutting an estimated $257M.
  • Howard Marks fully exited Expand Energy Corp Class C Warrants in Q4 2022, selling an estimated $59.4M.
  • Howard Marks's ten largest holdings make up 55% of its $9.51B portfolio in Q4 2022.
  • Howard Marks opened 19 new positions and closed 52 in Q4 2022.
  • Howard Marks's portfolio value rose 4.4% quarter-over-quarter to $9.51B.

Based on Oaktree Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.