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Howard Marks Portfolio

Oaktree Capital Management LP Holdings

Q2 2026145 positions$7.21B

A filing-based view of Oaktree Capital Management LP’s publicly disclosed U.S.-listed equity holdings — with portfolio concentration, quarter-over-quarter changes and verified SEC history.

Confirmed SEC snapshot$7.21B
Q2 2026report period
14513F entries
2026-08-14filing date
13F-HRsource filing
65verified quarters
Estimated 1Y+33.4%

Portfolio

Calculated across the non-option holdings shown below. Reported puts and calls are excluded and shown separately.
$524.3M
9.9%
+491.8%Est. vs filing basis
Q2 2026 Sold 14.7% of the position
EXPAND ENERGY CORPEXE
$477.6M
9.0%
+89.2%Est. vs filing basis
Q1 2026 Bought 3.5% more
GARRETT MOTION INCGTX
$275.2M
5.2%
+245.5%Est. vs filing basis
Q2 2026 Sold 48.0% of the position
ANGLOGOLD ASHANTI PLCAU
$257.2M
4.8%
+521.7%Est. vs filing basis
Q2 2026 Sold 1.4% of the position
INDIVIOR PHARMACEUTICALS INCINDV
$251.4M
4.7%
+14.4%Est. vs filing basis
Q2 2026 Sold 12.3% of the position
TELEPHONE AND DATA SYSTEMS INCTDS
$195.5M
3.7%
-8.3%Est. vs filing basis
Q2 2026 Bought 23.1% more
$160.8M
3.0%
+10.6%Est. vs filing basis
Q1 2026 Sold 39.7% of the position
CORE SCIENTIFIC INCCORZ
$127.8M
2.4%
+6.3%Est. vs filing basis
Q2 2026 Sold 46.6% of the position
TALEN ENERGY CORPTLN
$127.2M
2.4%
-9.3%Est. vs filing basis
Q4 2025 Bought 13.7% more
BARRICK MINING CORPB
$117.8M
2.2%
+79.6%Est. vs filing basis
Q2 2026 Bought 22.1% more
LIBERTY GLOBAL LTDLBTYA
$97.2M
1.8%
-40.5%Est. vs filing basis
Q3 2025 Bought 4.1% more
FREEPORT-MCMORAN INCFCX
$75.5M
1.4%
+104.3%Est. vs filing basis
Q2 2026 Sold 1.6% of the position
GRUPO AEROMEXICO SAB DE CV
$71.4M
1.3%
Est. vs filing basis
Q1 2026 Bought 5.1% more
KILROY REALTY CORPKRC
$69.3M
1.3%
-44.6%Est. vs filing basis
Q4 2022 Bought 14.6% more
PEBBLEBROOK HOTEL TRUST
$63.1M
1.2%
Est. vs filing basis
Q2 2026 Bought 10.0% more
BIOMARIN PHARMACEUTICAL INC
$62.4M
1.2%
Est. vs filing basis
Q2 2026 Bought 14.4% more
SEA LTD
$62.1M
1.2%
Est. vs filing basis
Q2 2026 Bought 30.7% more
ETSY INC
$61.2M
1.2%
Est. vs filing basis
Q2 2026 Bought 9.2% more
Showing 20 of 138 positions
Reported Options7 positions · $1.90B reported value

Puts and calls disclosed in the same SEC filing. They are shown separately because reported option values are not equivalent to ordinary equity ownership and are excluded from primary portfolio weighting and filing-basis gain/loss estimates.

STATE STREET CORPNo ticker
PUT
$1.01B14.0% of reported 13F
INVESCO QQQ TRUST SERIES 1No ticker
PUT
$651.7M9.0% of reported 13F
CORE SCIENTIFIC INCCORZ
CALL
$128.0M1.8% of reported 13F
LYONDELLBASELL INDUSTRIES NVNo ticker
PUT
$47.4M0.7% of reported 13F
VISTEON CORPNo ticker
PUT
$39.7M0.6% of reported 13F
BITDEER TECHNOLOGIES GROUPNo ticker
CALL
$11.9M0.2% of reported 13F
MAGNACHIP SEMICONDUCTOR CORPMX
CALL
$4.7M0.1% of reported 13F

COMMON QUESTIONS

Howard Marks Portfolio FAQ

Answers to common questions about the latest reported 13F portfolio and how to interpret it.

What is Howard Marks’s latest reported portfolio?

Oaktree Capital Management LP’s latest verified Form 13F snapshot for Q2 2026 reports 138 primary non-option positions with $5.31B reported value. The filing date was Aug 14, 2026.

What does portfolio weight mean on Howard Marks’s portfolio?

Portfolio weight is calculated across the primary non-option holdings shown in the tracker. Reported puts and calls are excluded from this denominator and, when present, are displayed separately.

Does Howard Marks’s 13F show exact buy prices or trade dates?

No. Form 13F is a quarter-end holdings disclosure filed later. It does not reveal exact transaction dates or execution prices. MarketInsiderLab therefore labels filing-basis and reference-price metrics as estimates and withholds unsupported values.

Are reported options included in Howard Marks’s portfolio?

Howard Marks currently has 7 reported option positions in the latest filing. They are shown separately because option-reported values are not equivalent to ordinary equity ownership and are excluded from primary portfolio weighting.

Signals

Fresh SEC ownership signals from Schedule 13D and 13G disclosures, separate from the quarterly 13F portfolio.

COMMON QUESTIONS

Howard Marks Signals FAQ

Answers about 13D/13G ownership signals, Item 4 intent and filing freshness.

What are Howard Marks’s latest ownership signals?

MarketInsiderLab currently publishes 4 verified recent ownership signals for Howard Marks, with the latest tracked filing dated Feb 17, 2026. These come from Schedule 13D and 13G disclosures and are separate from the quarterly 13F portfolio.

How are Howard Marks’s 13D and 13G filings different from the 13F portfolio?

A 13F is a delayed quarter-end holdings snapshot. Schedule 13D and 13G filings can disclose significant beneficial ownership between 13F reports, and a Schedule 13D can also reveal activist, strategic, board-related or control intentions.

What can Item 4 of a Schedule 13D reveal?

Item 4 describes the purpose of the transaction. It can matter even when the reported ownership percentage barely changes because the filing may disclose board activity, strategic proposals, transaction discussions or explicit control-related intentions. MarketInsiderLab publishes an intent classification only when the filing language supports it.

How fresh are Howard Marks’s ownership signals?

The ownership engine records precise SEC scan timestamps. The latest recorded SEC scan for the current ownership pipeline was Sep 20, 2026 03:36 UTC. Published signals retain their source filing and processing timestamps.

Performance

Estimated 1Y performanceFiling-based estimate

+33.37%

Coverage 83% Partial estimate

Quarterly performanceBackend-published quarter legs within the 1Y estimate
2025-09-30+11.67%
2025-12-31+4.07%
2026-03-31+7.75%
2026-06-30+6.51%

Displayed legs are backend-ready filing-based estimates. They explain the path of the published 1Y result and are not summed or compounded in the browser.

MethodologyMIL_SEC_PERFORMANCE_V2_EXIT_AWARE_M2M
What this measures

Estimated return from standardized SEC-reported portfolio observations using the approved filing-based methodology. It is not an actual transaction-level or realized investor return.

COMMON QUESTIONS

Howard Marks Performance FAQ

How to interpret filing-based performance estimates, coverage and available periods.

Which performance periods are available for Howard Marks?

The currently published filing-based performance periods are 1Y, 3Y, 5Y. A period appears only when the backend publication gate is READY; unavailable periods remain withheld until the required verified history exists.

How is Howard Marks’s estimated portfolio performance calculated?

The performance engine compounds consecutive verified quarter-end portfolio observations. Continuing positions use filing-based reference prices, while full exits use verified market-close treatment under the published methodology. The result is an estimate of the disclosed portfolio path, not the manager’s official fund return.

Why can Howard Marks’s estimated 13F performance differ from the fund’s actual return?

A 13F omits important information such as exact trade timing, cash, many non-reportable assets, hedges and fees. MarketInsiderLab therefore presents the result as filing-based estimated portfolio performance rather than an official fund-return figure.

What does performance coverage mean?

Coverage measures how much of the disclosed portfolio value is supported by the verified observations required for a performance leg. Lower coverage increases uncertainty, so the tracker exposes coverage and can withhold periods that do not satisfy publication rules.

Portfolio history

History loads when opened.

COMMON QUESTIONS

Howard Marks Filing History FAQ

How verified quarter history, exits, re-entries and withheld periods are handled.

How far back does Howard Marks’s verified filing history go?

The currently available canonical history runs from Q2 2000 through Q2 2026, with 65 quarters marked READY. This describes the verified history currently available in the tracker and does not claim completeness before the oldest supported filing.

Does filing history reveal exact buy and sell dates?

No. The history compares verified quarter-end disclosures. It can show that a position appeared, increased, decreased, remained unchanged or disappeared between filings, but it does not infer an exact transaction date that the SEC filing does not provide.

How are exits and later re-entries handled?

A full reported exit ends the prior filing-basis episode. If the security later reappears, the backend treats it as a new episode rather than carrying the old basis through the gap.

Why are some historical values unavailable?

Historical values are withheld when continuity, identity, price, filing-basis or source evidence is not strong enough to support the metric. The tracker is designed to fail closed rather than fill gaps with unsupported assumptions.

Methodology

This tracker follows Oaktree Capital Management LP’s Form 13F disclosures, not Howard Marks’s personal brokerage account. Form 13F reports quarter-end positions later and does not reveal exact trade dates or execution prices.

1. Start with SEC filings

Official Form 13F filings and the canonical MarketInsiderLab filing record are authoritative. Unsupported or unverified data is withheld.

2. Verify the filing denominator

Portfolio weights use the verified full filing total. Security identity and corporate actions are reconciled before publication.

3. Compare quarter-end snapshots

Changes compare verified SEC-reported quarter-end positions. They do not represent exact trade dates, execution prices, or intraperiod activity.

What Form 13F can — and cannot — show

These pages track the reporting manager’s public 13F disclosures. A 13F is a delayed quarter-end snapshot, not a complete or real-time portfolio.

Reporting lag

Form 13F is generally due within 45 days after quarter-end. Snapshot and filing dates are shown separately, and positions may have changed before the filing became public. Amendments or later confidential-treatment releases can also revise the public record.

Portfolio scope

The filing mainly shows long positions in reportable 13F securities, not every asset or exposure. Cash, short positions, private investments, many bonds and other non-reportable holdings can sit outside the filing.

Options and security continuity

Reported puts and calls are kept separate from ordinary shares, and their reported values should not be read as cash invested. Share classes, ticker changes, splits and supported corporate actions are reconciled; unresolved identity or continuity issues are withheld.

Directory concentration filters

On Investor Portfolios, Concentrated means the top five reported holdings are at least 60% of reported portfolio value; Diversified means 35% or less. Profiles between those thresholds are in neither quick filter.

Estimate definitions

Reported filing data and calculated estimates are kept separate. Estimates are published only when the required inputs pass validation.

Latest available price

The latest verified price held by this tracker, dated as shown. It is not necessarily a live quote.

Quarter-end price (from filing)

Reported holding value divided by reported shares after unit validation. It is not a purchase price or an independently verified market close.

Estimated holding basis

A calculated per-share reference from verified filing history and split-adjusted reported changes. It is not actual purchase price or tax basis; a limited-history date marks the reference start.

1-year performance

Published only when four consecutive quarterly estimates pass QA and the weakest leg has at least 70% measurable coverage. Because the estimate is derived from quarter-end filing snapshots, it does not capture all intraperiod trading, cash or non-13F assets and is not an audited fund return.

≥90%  High coverage70–89.9%  Partial estimate<70%  Withheld

COMMON QUESTIONS

Howard Marks Methodology FAQ

Sources, calculation rules, continuity checks and the fail-closed publication policy.

Where does MarketInsiderLab get Howard Marks’s portfolio data?

The tracker is built from verified SEC filings, primarily Form 13F for portfolio holdings and Schedule 13D/13G for significant beneficial-ownership disclosures. Market-price layers are used only where the methodology explicitly allows them.

What is an SEC reference price?

It is an economic interpretation derived from the SEC-reported value and reported shares for a filing observation. It is not presented as the investor’s actual purchase price or execution price.

How are stock splits and other corporate actions handled?

Security continuity and corporate-action checks are applied before publishing history, basis and performance metrics. When continuity cannot be established confidently, affected calculations are withheld rather than forced across incompatible observations.

When does MarketInsiderLab withhold a metric or signal?

The system withholds output when required source evidence, security identity, continuity, price data or methodology conditions are not sufficient. This fail-closed policy is intentional: unsupported precision is not published.

MarketInsiderLab tracks what public filings actually show.

Research and context — not a recommendation to copy any investor’s trades.

Explore investor portfolios →

MarketInsiderLab tracks what public filings actually show.

Research and context — not a recommendation to copy any investor’s trades.

Explore investor portfolios →