Howard Marks
Oaktree Capital
Howard Marks is a prominent investor and co-founder of Oaktree Capital Management, a leading global asset management firm based in Los Angeles. Known for his insightful market commentary and investment philosophy, Marks emphasizes risk assessment and value investing, aiming to generate superior returns through a disciplined approach to alternative investments. Under his leadership, Oaktree has become a significant player in the asset management industry, managing $223 billion as of December 31, 2025. Oaktree Capital specializes in various alternative investment strategies, focusing on distressed debt, private equity, and real estate, among others. The firm’s investment approach is characterized by a thorough analysis of market conditions and a commitment to finding undervalued assets. This strategy has allowed Oaktree to navigate various market cycles effectively and maintain a robust portfolio. The disclosed trading record for Howard Marks reveals a dynamic portfolio management style, with 600 disclosures recorded from November 13, 2025, to May 20, 2026. Notably, the firm has engaged in a significant number of position increases (205) and exits (136), with a largest move involving a trim of $410.4 million in SPDR S&P 500 ETF Trust (SPY). This activity highlights Oaktree's strategic adjustments in response to market conditions, showcasing its proactive investment management.
Latest Holdings
| Holding | Reported Value | Weight | Shares | Last Price | Est. Value | Return |
|---|---|---|---|---|---|---|
| $675M | 10% | 23.8M | -- | -- | -- | |
| $575M | 8.8% | 5.2M | $88.13 | $462M | -19.7% | |
| $329M | 5% | 570k | $695.33 | $396M | +20.5% | |
| $314M | 4.8% | 3.2M | -- | -- | -- | |
| $265M | 4% | 14.6M | $31.84 | $465M | +75.2% | |
| $213M | 3.2% | 7M | -- | -- | -- | |
| $192M | 2.9% | 12.9M | $24.01 | $309M | +60.5% | |
| $182M | 2.8% | 1M | $164.86 | $165M | -9.33% | |
| $181M | 2.8% | 4.3M | $33.79 | $145M | -19.7% | |
| $178M | 2.7% | 3.8M | $44.78 | $170M | -4.71% | |
| $154M | 2.3% | 481.1k | $366.14 | $176M | +14.7% | |
| $134M | 2% | 20.7M | $6.50 | $135M | +0.36% | |
| $126M | 1.9% | 6.1M | $18.17 | $111M | -12.4% | |
| $107M | 1.6% | 2.6M | $35.13 | $92M | -13.9% | |
| $103M | 1.6% | 8.6M | -- | -- | -- | |
| $102M | 1.6% | 12.2M | $8.35 | $102M | -0.42% | |
| $95M | 1.4% | 95.1M | -- | -- | -- | |
| $92M | 1.4% | 79.7M | -- | -- | -- | |
| $90M | 1.4% | 11.2M | $10.20 | $114M | +26.8% | |
| $84M | 1.3% | 6.4M | $13.24 | $85M | +1.02% | |
| $83M | 1.3% | 2.2M | $55.53 | $120M | +44.5% | |
| $72M | 1.1% | 1.2M | $58.94 | $72M | +0.27% | |
| $64M | 1% | 18M | -- | -- | -- | |
| $60M | 0.9% | 3.2M | $16.68 | $53M | -12.4% | |
| $56M | 0.9% | 57.7M | -- | -- | -- | |
| $56M | 0.9% | 55.9M | -- | -- | -- | |
| $56M | 0.8% | 4M | -- | -- | -- | |
| $55M | 0.8% | 61.2M | -- | -- | -- | |
| $54M | 0.8% | 56M | -- | -- | -- | |
| $54M | 0.8% | 3.4M | $16.36 | $55M | +2.89% | |
| $52M | 0.8% | 52.6M | -- | -- | -- | |
| $52M | 0.8% | 1.9M | $40.41 | $75M | +43.2% | |
| $51M | 0.8% | 5.7M | $7.30 | $42M | -17.2% | |
| $51M | 0.8% | 56.6M | -- | -- | -- | |
| $51M | 0.8% | 539k | $226.74 | $122M | +141.5% | |
| $50M | 0.8% | 52.1M | -- | -- | -- | |
| $48M | 0.7% | 7M | $5.62 | $40M | -18.2% | |
| $47M | 0.7% | 47.9M | -- | -- | -- | |
| $47M | 0.7% | 47M | -- | -- | -- | |
| $45M | 0.7% | 47M | -- | -- | -- | |
| $41M | 0.6% | 886.5k | $48.45 | $43M | +4.82% | |
| $41M | 0.6% | 41.1M | -- | -- | -- | |
| $40M | 0.6% | 500k | $60.00 | $30M | -25.5% | |
| $40M | 0.6% | 44.4M | -- | -- | -- | |
| $38M | 0.6% | 37.8M | -- | -- | -- | |
| $37M | 0.6% | 40.4M | -- | -- | -- | |
| $36M | 0.6% | 36.2M | -- | -- | -- | |
| $35M | 0.5% | 36.2M | -- | -- | -- | |
| $35M | 0.5% | 35.9M | -- | -- | -- | |
| $34M | 0.5% | 38M | -- | -- | -- |