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
+2.67%
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
$9.04B
AUM Growth
-$471M
Cap. Flow
-$1.47B
Cap. Flow %
-16.25%
Top 10 Hldgs %
56.42%
Holding
377
New
23
Increased
11
Reduced
21
Closed
75

Top Buys

Rank Stock Value
1
DQ
Daqo New Energy
DQ
+$48.5M
2
BBD icon
Banco Bradesco
BBD
+$20.8M
3
ALVO icon
Alvotech
ALVO
+$18.2M
4
YPF icon
YPF Sociedad Anonima ADS
YPF
+$15.2M
5
STHO icon
Star Holdings Shares of Beneficial Interest
STHO
+$14.6M

Top Sells

Rank Stock Value
1
WFRD icon
Weatherford International
WFRD
+$100M
2
VST icon
Vistra
VST
+$50.3M
3
ITUB icon
Itaú Unibanco
ITUB
+$34.7M
4
PCG icon
PG&E
PCG
+$34M
5
PHM icon
Pultegroup
PHM
+$28.2M

Sector Composition

Rank Sector Weight
1 Energy 32.74%
2 Financials 11.29%
3 Industrials 10.53%
4 Utilities 7.2%
5 Materials 5.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMOD
201
Alpha Modus Holdings
AMOD
$23M
– –
-3,750
Closed -$1.51M
BZAI
202
Blaize Holdings
BZAI
$69.3M
– –
-600,000
Closed -$6.1M
CYCU
203
Cycurion Inc
CYCU
$16.9M
– –
-16,800
Closed -$5.78M
AQUNR
204
DELISTED
Aquaron Acquisition Corp. Rights
AQUNR
– –
-225,000
Closed -$58.5K
IGTA
205
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
– –
-400,000
Closed -$4.06M
TLGY
206
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
– –
-100,000
Closed -$1.03M
BCSA
207
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
– –
-100,000
Closed -$1.03M
MCAA
208
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
– –
-300,000
Closed -$3.12M
ONYX
209
DELISTED
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
– –
-300,000
Closed -$3.1M
AACI
210
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
– –
-250,000
Closed -$2.53M
TENKR
211
DELISTED
TenX Keane Acquisition Right
TENKR
– –
-135,000
Closed -$29.7K
FLFVR
212
DELISTED
Feutune Light Acquisition Corporation Right
FLFVR
– –
-735,000
Closed -$59.5K
FLFVW
213
DELISTED
Feutune Light Acquisition Corporation Warrant
FLFVW
– –
-735,000
Closed -$22.1K
GMFI
214
DELISTED
Aetherium Acquisition Corp
GMFI
– –
-200,000
Closed -$2.04M
SWSS
215
DELISTED
Clean Energy Special Situations Corp. Common stock
SWSS
– –
-500,000
Closed -$2.53M
PLTNU
216
DELISTED
Plutonian Acquisition Corp. Unit
PLTNU
– –
-115,000
Closed -$1.16M
AIB
217
DELISTED
AIB Acquisition Corp
AIB
– –
-200,000
Closed -$2.04M
DSAQ
218
DELISTED
Direct Selling Acquisition Corp.
DSAQ
– –
-350,000
Closed -$3.6M
USCT
219
DELISTED
Roth CH Acquisition Co. Class A Ordinary Shares
USCT
– –
-25,000
Closed -$258K
AVHI
220
DELISTED
Achari Ventures Holdings Corp I
AVHI
– –
-200,000
Closed -$2.04M
AWIN
221
DELISTED
AERWINS Technologies Inc
AWIN
– –
-2,500
Closed -$2.62M
IRRX
222
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
– –
-100,000
Closed -$1.02M
WRAC
223
DELISTED
Williams Rowland Acquisition Corp.
WRAC
– –
-150,000
Closed -$1.5M
SZZL
224
DELISTED
Sizzle Acquisition Corp. Common stock
SZZL
– –
-25,000
Closed -$256K
GSD
225
DELISTED
Global Systems Dynamics Inc. Class A Common Stock
GSD
– –
-250,000
Closed -$2.58M
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 Q1 2023 Portfolio in Review

As of Q1 2023, Howard Marks held 377 positions worth $9.04B, down 4.9% from $9.51B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Howard Marks withdrew a net $1.47B in Q1 2023, closing 75 positions and reducing 21 holdings. Its most notable exit was Pultegroup, an estimated $28.2M position sold in full.

By sector, the portfolio is most concentrated in Energy at 33% of assets, down from 34% a quarter earlier, followed by Financials and Industrials.

Against the trend, Howard Marks opened a new position in Daqo New Energy worth $49.5M.

  • Howard Marks's largest Q1 2023 buy was Daqo New Energy: 1,056,121 shares worth $49.5M.
  • Howard Marks added most to Banco Bradesco in Q1 2023, an estimated $20.8M increase.
  • Howard Marks's biggest Q1 2023 reduction was Weatherford International, cutting an estimated $100M.
  • Howard Marks fully exited Pultegroup in Q1 2023, selling an estimated $28.2M.
  • Howard Marks's ten largest holdings make up 56% of its $9.04B portfolio in Q1 2023.
  • Howard Marks opened 23 new positions and closed 75 in Q1 2023.
  • Howard Marks's portfolio value fell 4.9% quarter-over-quarter to $9.04B.

Based on Oaktree Capital Management's 13F filing for Q1 2023, filed 15 May 2023.