Howard Marks
Oaktree Capital Management LP
Co-founder of Oaktree Capital Management and author of widely followed investor memos, Howard Marks is best known for his expertise in distressed debt and market risk.
As of June 30, 2026, the Howard Marks portfolio (Oaktree Capital Management LP) holds 138 equity positions worth $7.2B. That is up 6.4% from $6.8B in Q1 2026. Over the quarter, the fund opened 113 new positions, exited 20, increased 14 and trimmed 8 (full breakdown below).
Portfolio as of June 30, 2026
| Company ↕ | Value ↓ | % ↕ | ||
|---|---|---|---|---|
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Quarterly moves
Q1 2026 → Q2 2026
Portfolio value went from $6.8B to $7.2B (+6.4%) quarter over quarter.
Amount invested · % of portfolio
- STATE STREET CORP $1.0B · 14.0%
- INVESCO QQQ TRUST SERIES 1 $652M · 9.0%
- TORM PLC $524M · 7.3%
- EXPAND ENERGY CORP $478M · 6.6%
- GARRETT MOTION INC $275M · 3.8%
- ANGLOGOLD ASHANTI PLC $257M · 3.6%
- CORE SCIENTIFIC INC $256M · 3.6%
- INDIVIOR PHARMACEUTICALS INC $251M · 3.5%
Amount bought · (±%) · % of portfolio
- SNAP INC $11M (+191.2%) · 0.2%
- SNOWFLAKE INC $9M (+346.7%) · 0.2%
- RAPID7 INC $8M (+503.2%) · 0.1%
- UPSTART HOLDINGS INC $3M (+70.7%) · 0.1%
- ALARM.COM HOLDINGS INC $7M (+710.6%) · 0.1%
- PENNYMAC MORTGAGE INVESTMENT TRUST $3M (+78.8%) · 0.1%
- CERENCE INC $2M (+32.7%) · 0.1%
- PAGERDUTY INC $1M (+20.1%) · 0.1%
Amount sold · (±%) · % of portfolio
- AKAMAI TECHNOLOGIES INC $3M (-51.3%) · 0.0%
- NUTANIX INC $6M (-71.1%) · 0.0%
- MGP INGREDIENTS INC $4M (-59.8%) · 0.0%
- DATADOG INC $6M (-81.8%) · 0.0%
- FLUOR CORP $124K (-7.3%) · 0.0%
- NEOGENOMICS INC $4M (-81.3%) · 0.0%
- SNAP INC $3M (-76.7%) · 0.0%
- ALVOTECH SA $201K (-59.2%) · 0.0%
- TRIP.COM GROUP LTD $8M
- NRG ENERGY INC $7M
- PG&E CORP $4M
- INVESCO SENIOR INCOME TRUST $4M
- SOUTHERN CO/THE $4M
- BANDWIDTH INC $4M
- JBT MAREL CORP $3M
- DIGITALOCEAN HOLDINGS INC $3M
Portfolio value over time
Top 10 holdings evolution as of June 30, 2026
Share of portfolio (%) since inception, top 10 as of the selected quarter.
Sector breakdown
Based on holdings matched to a stock referenced on the site.
Options exposure
Dividend aristocrats held
Stocks with at least 25 consecutive years of dividend growth.
No matching holding among stocks referenced on the site.
Frequently asked questions
What are Howard Marks's top holdings?
As of June 30, 2026, the top three holdings of Oaktree Capital Management LP are TORM PLC, EXPAND ENERGY CORP, GARRETT MOTION INC.
How many positions does Howard Marks hold?
Oaktree Capital Management LP reports 138 equity positions worth $7.2B as of June 30, 2026.
Does Howard Marks invest in dividend stocks?
The dividend exposure of this portfolio cannot be assessed yet.
Data sourced from 13F filings submitted to the SEC, published with roughly 45 days of lag. A 13F only covers long positions in U.S.-traded securities: it excludes short sales, non-U.S. holdings and cash. Provided for informational purposes only and does not constitute investment advice.