Oaktree Capital 13F holdings (Howard Marks)
Oaktree Capital (Howard Marks) reported its Q2 2026 13F on Aug 14, 2026. The filing shows a $3.8B US stock portfolio in 51 positions, 47% of it in the top five: Torm (14%), Expand Energy (13%), Garrett Motion (7.3%), Anglogold Ashanti (6.8%) and Indivior Pharmaceuticals (6.7%). In Q2 2026 it opened 10 new positions, added to 6, trimmed 5 and sold out of 11. At today's prices that book is down 10.5% since the quarter closed. 13F filings arrive up to 45 days after the quarter ends and cover long US-listed positions only, so they show where the money was, not where it is now; this is educational analysis, not investment advice.
Q2 2026 13F, filed Aug 14, 2026. Prices as of Oct 23, 2026. Refreshed weekly from SEC EDGAR.
How big is Oaktree Capital's stock portfolio?
From the Q2 2026 13F, filed Aug 14, 2026. Prices are today's, so "since quarter-end" is how the book as filed has done since.
What does Oaktree Capital own?
The positions in its Q2 2026 13F, largest first. The 40 largest of 51 are shown. "This site's filters" is how many of this site's 8 value filters the stock passes; a stock this site tracks links to its own analysis.
| Stock | Weight | Size | Shares vs. last quarter | Quarters held | Since quarter-end | This site's filters |
|---|---|---|---|---|---|---|
| n/aTorm Plc | 13.9% | $524M20.3M shares | -15% | 8+ | n/a | n/a |
| EXEExpand Energy Corp | 12.6% | $478M5.2M shares | 0% | 8+ | +1.9% | 4/8 |
| GTXGarrett Motion Inc | 7.3% | $275M7.6M shares | -48% | 8+ | -39.3% | n/a |
| n/aAnglogold Ashanti Plc | 6.8% | $257M3.2M shares | -1% | 8+ | n/a | n/a |
| INDVIndivior Pharmaceuticals Inc | 6.7% | $251M6.1M shares | New | 1 | -13.9% | n/a |
| TDSTelephone and Data Systems | 5.2% | $196M5.3M shares | +23% | 4 | -6.0% | n/a |
| VNOMViper Energy Inc | 4.3% | $161M3.8M shares | 0% | 4 | +7.0% | n/a |
| CORZCore Scientific Inc | 3.4% | $128M5.0M shares | -47% | 4 | -48.4% | n/a |
| TLNTalen Energy Corp | 3.4% | $127M331K shares | 0% | 8+ | -13.8% | n/a |
| BBarrick Mining Corp | 3.1% | $118M3.2M shares | +22% | 5 | +5.2% | n/a |
| ITUBItau Unibanco H-Spon Prf Adr | 2.6% | $97.9M12.0M shares | -2% | 6 | +16.2% | n/a |
| n/aLiberty Global Ltd | 2.6% | $97.2M8.6M shares | 0% | 8+ | n/a | n/a |
| OCSLOaktree Specialty Lending Co | 2.5% | $94.0M7.9M shares | +325% | 8+ | -4.1% | n/a |
| FCXFreeport-Mcmoran Inc | 2.0% | $75.5M1.2M shares | -2% | 8+ | +2.7% | 5/8 |
| AEROGrupo Aeromexico Sab De Cv | 1.9% | $71.4M4.0M shares | 0% | 3 | -15.5% | n/a |
| KRCKilroy Realty Corp | 1.8% | $69.3M1.9M shares | 0% | 8+ | -4.0% | n/a |
| SESea Ltd-Adr | 1.6% | $60.9M635K shares | New | 1 | -21.0% | n/a |
| n/aLiberty Latin America Ltd | 1.6% | $58.9M7.6M shares | +32% | 5 | n/a | n/a |
| BLCOBausch + Lomb Corp | 1.5% | $57.0M3.4M shares | +2% | 5 | +5.3% | n/a |
| VSATViasat Inc | 1.5% | $56.6M630K shares | New | 1 | -34.3% | n/a |
| n/aMakemytrip Ltd | 1.4% | $52.4M983K shares | New | 1 | n/a | n/a |
| MATWMatthews Intl Corp-Class A | 1.4% | $51.8M1.9M shares | New | 1 | -28.6% | n/a |
| n/aXp Inc | 1.3% | $50.7M3.1M shares | -2% | 4 | n/a | n/a |
| YPFYPF S.a.-Sponsored Adr | 1.2% | $45.1M991K shares | +12% | 2 | +8.1% | n/a |
| TACTransalta Corp | 1.1% | $41.5M3.0M shares | -53% | 6 | -9.5% | n/a |
| RWAYRunway Growth Finance Corp | 1.0% | $39.4M7.0M shares | 0% | 8+ | n/a | n/a |
| EMBJEmbraer Sa-Spon Adr | 0.7% | $28.1M440K shares | -2% | 2 | n/a | n/a |
| ADArray Digital Infrastructure | 0.7% | $25.3M697K shares | -4% | 4 | n/a | n/a |
| n/aRice Acquisition Corp 3 | 0.7% | $25.2M2.4M shares | 0% | 3 | n/a | n/a |
| SHAZSharonai Holdings Inc | 0.7% | $24.5M289K shares | New | 1 | -72.1% | n/a |
| TXTernium Sa-Sponsored Adr | 0.7% | $24.4M572K shares | -2% | 8+ | n/a | n/a |
| QMCOQuantum Corp | 0.6% | $22.1M2.0M shares | New | 1 | +54.4% | n/a |
| SMPLSimply Good Foods Co | 0.4% | $16.0M1.2M shares | +7% | 2 | -16.6% | n/a |
| SGRYSurgery Partners Inc | 0.4% | $14.5M863K shares | New | 1 | -5.4% | n/a |
| MINEMayfair Gold Corp | 0.3% | $11.1M4.5M shares | New | 1 | -2.4% | n/a |
| BMMBlue Moon Metals Inc | 0.3% | $10.7M1.7M shares | New | 1 | -37.9% | n/a |
| SMRTSmartrent Inc | 0.2% | $8.9M7.5M shares | 0% | 8+ | n/a | n/a |
| MXMagnachip Semiconductor Corp | 0.2% | $7.1M1.5M shares | -47% | 8+ | -48.4% | n/a |
| n/aLiberty Latin America Ltd | 0.2% | $6.6M839K shares | 0% | 4 | n/a | n/a |
| BATLBattalion Oil Corp | 0.1% | $3.9M3.0M shares | 0% | 8+ | n/a | n/a |
What did Howard Marks buy and sell in Q2 2026?
Compared with Q1 2026. A position counts as added or trimmed when its share count moved by 5% or more.
Bought (new)
Added to
Trimmed
Sold out
How has Oaktree Capital's portfolio changed over time?
The reported stock book each quarter. It includes market moves as well as buying and selling.
| Quarter | Stock book | Positions | Change |
|---|---|---|---|
| Q3 2024 | $5.3B | 58 | n/a |
| Q4 2024 | $4.5B | 56 | -15.7% |
| Q1 2025 | $4.0B | 53 | -9.7% |
| Q2 2025 | $3.9B | 52 | -2.4% |
| Q3 2025 | $4.7B | 56 | +20.1% |
| Q4 2025 | $4.5B | 53 | -4.3% |
| Q1 2026 | $4.0B | 48 | -10.8% |
| Q2 2026 | $3.8B | 51 | -6.6% |
Does Oaktree Capital hold options?
Puts and calls are reported at the notional value of the shares they control, so they sit apart from the stock book above.
| Underlying | Type | Notional | Shares controlled |
|---|---|---|---|
| SPYState Street Corp | Put | $1.0B | 1.4M |
| QQQInvesco Qqq Trust Series 1 | Put | $652M | 885K |
| CORZCore Scientific Inc | Call | $128M | 5.0M |
| n/aLyondellbasell Industries NV | Put | $47.4M | 900K |
| VCVisteon Corp | Put | $39.7M | 400K |
| n/aBitdeer Technologies Group | Call | $11.9M | 750K |
| MXMagnachip Semiconductor Corp | Call | $4.7M | 1.0M |
Frequently asked questions about Oaktree Capital
What does Oaktree Capital own?
Oaktree Capital's Q2 2026 13F lists 51 positions worth $3.8B. The largest are Torm (14%), Expand Energy (13%), Garrett Motion (7.3%), Anglogold Ashanti (6.8%) and Indivior Pharmaceuticals (6.7%), together 47% of the book. The full table is above; each stock this site tracks links to its own analysis.
What did Howard Marks buy and sell in Q2 2026?
Compared with Q1 2026, Oaktree Capital opened 10 new positions (INDV, SE and VSAT and more), added to 6, trimmed 5 and sold out of 11 (PBR, NOK and CBL and more). A position counts as added or trimmed when its share count moved by 5% or more.
How concentrated is Oaktree Capital's portfolio?
The top position is 14% of the book, the top five 47% and the top ten 67%, across 51 positions. Estimated turnover last quarter was 48% of the book.
When does Oaktree Capital file its next 13F?
Managers file within 45 days after each quarter ends. For the quarter ending Sep 30, 2026, the deadline is about Nov 16, 2026 (a weekend deadline moves to the next business day). This page updates when the filing is on EDGAR.
Can you see Howard Marks's cost basis or profit?
No. A 13F lists positions at quarter-end, not what was paid or when, and it excludes shorts and non-US holdings. This page shows each stock's price change since the quarter closed (the whole book as filed is -10.5%, with 68% of it priced) and since the position first appeared, which is a rough read and not their profit.
Where does this data come from?
- Holdings: Oaktree Capital's Form 13F-HR filings, listed on SEC EDGAR; the latest, filed Aug 14, 2026, is here. The Q2 2026 book was filed Aug 14, 2026.
- Prices and tickers: today's prices are from Finnhub, matched to each filing's securities with OpenFIGI; "since quarter-end" compares today's price with the price implied by the filing (value divided by shares).
- Limits: a 13F covers long US-listed positions only, up to 45 days after the quarter ends: no shorts, no cost basis, no trades inside the quarter. Read the Editorial Standards for how this site treats filings, and Form 13F in the glossary.
About this page
This page lists everything in Oaktree Capital's latest Form 13F (Howard Marks): every position, what changed last quarter and how the stocks have moved since. Every figure comes from SEC filings and is refreshed weekly; read the Editorial Standards for the rules, or open Superinvestors to compare all 25 investors. Educational content only, not investment advice.