Howard Marks Holdings 13F: Latest Oaktree Capital Management Portfolio Changes
Oaktree Capital Management. Distressed debt pioneer. Howard Marks is famous for his highly anticipated memos detailing market cycles and risk management. Oaktree specializes in credit, distressed debt, and contrarian value investing.
As of the latest Q2 2026 13F filing, Howard Marks (managing Oaktree Capital Management) reported a public portfolio value of $7.2B with 145 positions. This page tracks latest holdings, latest 13F changes, top buys, top sells, and top holdings from the public filing. The top recent buy was TDS-PV. The top recent sell was TRMD.
Open interactive portfolioLatest 13F portfolio changes
Howard Marks holdings 13F summary: the latest Oaktree Capital Management portfolio changes show top holdings including TORM, EXPAND ENERGY, GARRETT MOTION, ANGLOGOLD ASHANTI, and INDIVIOR PHARMACEUTICALS, reported top buys such as TELEPHONE AND DATA SYSTEMS, BARRICK MINING, OAKTREE SPECIALTY LENDING, and PEBBLEBROOK HOTEL TRUST, and top sells or reductions such as TORM, GARRETT MOTION, ANGLOGOLD ASHANTI, and INDIVIOR PHARMACEUTICALS.
Latest filing metadata: quarter Q2 2026; report date 2026-06-30; filing date 2026-08-14; disclosure source SEC 13F.
Howard Marks 13F portfolio and latest holdings overview
Howard Marks's Q2 2026 13F holdings show Oaktree Capital Management reporting 145 positions with a disclosed portfolio value of $7.2B. For readers searching Howard Marks 13F holdings, Howard Marks portfolio, Oaktree Capital Management holdings, or latest 13F changes, the latest top holdings include TORM, EXPAND ENERGY, GARRETT MOTION, ANGLOGOLD ASHANTI, and INDIVIOR PHARMACEUTICALS.
The three largest reported positions add up to roughly 24.0%, which helps readers judge portfolio concentration rather than just headline AUM. The largest reported sector exposure is Other at 40.2% of the disclosed portfolio. This makes the page useful for comparing the manager's actual disclosed exposure with market narratives around the same names.
The latest change data highlights reported buys such as TELEPHONE AND DATA SYSTEMS, BARRICK MINING, OAKTREE SPECIALTY LENDING, PEBBLEBROOK HOTEL TRUST, and BIOMARIN PHARMACEUTICAL and reported reductions or exits such as TORM, GARRETT MOTION, ANGLOGOLD ASHANTI, INDIVIOR PHARMACEUTICALS, and CORE SCIENTIFIC. Those changes should be read as historical disclosure signals, not as real-time trade alerts.
The filing metadata lists report date 2026-06-30, filing date 2026-08-14, SEC accession 0000949509-26-000005. SEC 13F reports are normally published up to 45 days after quarter end, so the data is best used to understand institutional positioning after the fact rather than to infer today's exact portfolio.
Howard Marks portfolio analytics
the top five positions account for 34.2% of disclosed value; the largest sector exposure is Energy at 26.8%; reported buy and sell activity implies roughly 84.8% turnover this period; cost-basis P&L across 50 tracked positions averages 123.1% (22/30 currently in profit).
Top reported holdings
| Holding | Reported value | Weight | Quarter change |
|---|---|---|---|
| TRMD whale holders TORM PLC | $524.3M | 9.9% | Reduced |
| EXE whale holders EXPAND ENERGY CORP | $477.6M | 9.0% | Held |
| GTX whale holders GARRETT MOTION INC | $275.2M | 5.2% | Reduced |
| AU whale holders ANGLOGOLD ASHANTI PLC | $257.2M | 4.8% | Reduced |
| INDV whale holders INDIVIOR PHARMACEUTICALS INC | $251.4M | 4.7% | Reduced |
| TDS-PV whale holders TELEPHONE AND DATA SYSTEMS INC | $195.5M | 3.7% | Increased |
| VNOM whale holders VIPER ENERGY INC | $160.8M | 3.0% | Held |
| CORZZ whale holders CORE SCIENTIFIC INC | $127.8M | 2.4% | Reduced |
| TLN whale holders TALEN ENERGY CORP | $127.2M | 2.4% | Held |
| GOLD whale holders BARRICK MINING CORP | $117.8M | 2.2% | Increased |
Top buys
- TDS-PV whale holders — TELEPHONE AND DATA SYSTEMS INC ($195.5M)
- GOLD whale holders — BARRICK MINING CORP ($117.8M)
- OCSL whale holders — OAKTREE SPECIALTY LENDING CORP ($94.0M)
- N/A whale holders — PEBBLEBROOK HOTEL TRUST ($63.1M)
- N/A whale holders — BIOMARIN PHARMACEUTICAL INC ($62.4M)
- N/A whale holders — SEA LTD ($62.1M)
Top sells
- TRMD whale holders — TORM PLC ($524.3M)
- GTX whale holders — GARRETT MOTION INC ($275.2M)
- AU whale holders — ANGLOGOLD ASHANTI PLC ($257.2M)
- INDV whale holders — INDIVIOR PHARMACEUTICALS INC ($251.4M)
- CORZZ whale holders — CORE SCIENTIFIC INC ($127.8M)
- PBR whale holders — PETROLEO BRASILEIRO SA - PETROBRAS ($126.4M)
Allocation
- Other: 40.2%
- Energy: 26.8%
- Health Care: 7.9%
- Information Technology: 7.1%
- Communication Services: 6.2%
- Consumer Discretionary: 2.5%
- Materials: 2.4%
- Digital Assets: 2.4%
Data notes
Report date: 2026-06-30
Disclosure source: SEC 13F
SEC 13F filings are delayed public disclosures and do not include every asset class, short positions, or real-time trades.
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Frequently asked questions
Howard Marks 13F Holdings
The Q2 2026 13F profile for Howard Marks and Oaktree Capital Management shows 145 reported positions, $7.2B in disclosed portfolio value, and top holdings including TORM, EXPAND ENERGY, GARRETT MOTION, ANGLOGOLD ASHANTI, and INDIVIOR PHARMACEUTICALS.
What is Howard Marks buying? Latest 13F changes
The latest tracked change data for Howard Marks highlights reported buys such as TELEPHONE AND DATA SYSTEMS, BARRICK MINING, OAKTREE SPECIALTY LENDING, and PEBBLEBROOK HOTEL TRUST and reported sells or reductions such as TORM, GARRETT MOTION, ANGLOGOLD ASHANTI, and INDIVIOR PHARMACEUTICALS.
Oaktree Capital Management top holdings
Oaktree Capital Management top holdings are summarized from public disclosures with reported values, weights, portfolio concentration, top buys, top sells, and filing metadata where available.
Howard Marks buys and sells
Use the top buys and top sells sections above to compare Howard Marks's reported additions, reductions, exits, and latest portfolio activity against other tracked investors.
How delayed is Howard Marks's 13F data?
SEC Form 13F requires institutional investment managers with $100M+ in US equities to disclose their holdings quarterly. Read our comprehensive 13F guide for timing, coverage, and limitations. Read the Whale Analyzer 13F guide.