Smart Money Radar / Whales / Howard Marks
H

Howard Marks

Oaktree Capital Management LP · Holdings as of Mar 31, 2024, filed by May 16, 2024 · US long stock positions only

Credit-cycle sage. Equities are the sideshow to the bond book.

Reported value
$6B
57 positions shown
Copycat since 2016
3.31x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
TRMD
30% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x Howard Marks 3.31x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Mar 2024
TRMD 30% EXE 11% GTX 8%
unlisted 6%
+42 more 20%
SymbolValue% of bookvs prior quarter
TRMD $1.7B 30% new
EXE $620M 11% new
GTX $438M 8% new
unlisted $320M 6% new
RWAY $188M 3% new
unlisted $152M 3% new
SBLK $146M 3% new
STKL $142M 3% new
VALE $140M 2% new
FCX $140M 2% new
AU $133M 2% new
CX $126M 2% new
VIST $101M 2% new
BBD $100M 2% new
CBL $92M 2% new
PBR $78M 1% new
IBN $75M 1% new
unlisted $72M 1% new
unlisted $69M 1% new
KRC $67M 1% new
ITUB $65M 1% new
JD $61M 1% new
HTHT $47M 1% new
BIDU $45M 1% new
TX $41M 1% new
OCSL $36M 1% new
unlisted $35M 1% new
NMIH $34M 1% new
LI $30M 1% new
unlisted $30M 1% new
BAK $21M 0% new
TEO $21M 0% new
BMA $21M 0% new
SMRT $20M 0% new
UNIT $20M 0% new
unlisted $20M 0% new
YUMC $19M 0% new
JOYY $19M 0% new
BATL $17M 0% new
TGS $16M 0% new
MX $16M 0% new
AZUL $14M 0% new
BHC $14M 0% new
TPICQ $13M 0% new
STHO $13M 0% new
ONIT $12M 0% new
HIMS $10M 0% new
BABA $9M 0% new
PAM $9M 0% new
HTZ $8M 0% new
YPF $7M 0% new
unlisted $3M 0% new
HDB $1M 0% new
EWW $1M 0% new
EONR $588K 0% new
INDA $565K 0% new
unlisted $70K 0% new
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.