Oaktree Capital Management
Co-founded by Howard Marks · Los Angeles, CA · CIK 949509 · EDGAR filings ↗
Credit specialist; the 13F shows only its listed-equity sliver.
Reported 13F portfolio value covers U.S. reportable long positions only, not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Share of reported common-equity value; (±pp) vs prior quarter.
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | TRMD TORM plc | 26.0% | $1.38B | 40.58M | -8.0% | ▼ Trim | 2 |
| 2 | EXE Expand Energy Corporation | 10.6% | $565.13M | 6.87M | 0.0% | Held | 2 |
| 3 | GTX Garrett Motion Inc. | 6.8% | $360.60M | 44.08M | 0.0% | Held | 2 |
| 4 | STR Sitio Royalties Corp. | 5.1% | $269.57M | 12.94M | 0.0% | Held | 2 |
| 5 | INFN INFINERA CORP | 3.2% | $169.93M | 25.18M | 0.0% | Held | 2 |
| 6 | AU AngloGold Ashanti plc | 2.8% | $150.66M | 5.66M | -10.6% | ▼ Trim | 2 |
| 7 | SBLK Star Bulk Carriers Corp. | 2.5% | $135.32M | 5.71M | -28.3% | ▼ Trim | 2 |
| 8 | STKL SUNOPTA INC | 2.5% | $132.17M | 20.73M | 0.0% | Held | 2 |
| 9 | LBTYA Liberty Global plc | 2.4% | $126.10M | 5.97M | +57.1% | ▲ Add | 2 |
| 10 | TLN Talen Energy Corporation | 2.3% | $124.18M | 696.68K | New | New | 1 |
| 11 | FCX Freeport-McMoRan Inc. | 2.3% | $121.07M | 2.43M | +0.3% | ▲ Add | 2 |
| 12 | RWAY Runway Growth Finance Corp. | 2.1% | $110.92M | 10.78M | 0.0% | Held | 2 |
| 13 | VIST Vista Energy, S.A.B. de C.V. | 2.1% | $110.61M | 2.50M | 0.0% | Held | 2 |
| 14 | CRC California Resources Corp | 2.0% | $107.39M | 2.05M | New | New | 1 |
| 15 | CBL CBL & Associates… | 1.9% | $100.93M | 4.01M | 0.0% | Held | 2 |
| 16 | VALE Vale S.A. | 1.8% | $95.82M | 8.20M | -35.7% | ▼ Trim | 2 |
| 17 | INDIVIOR PLC (unmapped) | n/a | $94.07M | 9.52M | n/a | n/a | |
| 18 | CX CEMEX, S.A.B. de C.V. | 1.7% | $89.60M | 14.69M | 0.0% | Held | 2 |
| 19 | KRC Kilroy Realty Corporation | 1.3% | $71.60M | 1.85M | 0.0% | Held | 2 |
| 20 | JD JD.com, Inc. | 1.3% | $70.41M | 1.76M | -37.6% | ▼ Trim | 2 |
| 21 | ITUB Itaú Unibanco Holding S.A. | 1.1% | $60.36M | 9.08M | +36.6% | ▲ Add | 2 |
| 22 | PBR Petróleo Brasileiro S.A. -… | 1.1% | $58.64M | 4.07M | -9.7% | ▼ Trim | 2 |
| 23 | TCOM Trip.com Group Limited | 0.9% | $47.04M | 791.52K | +35.1% | ▲ Add | 2 |
| 24 | ALVO ALVOTECH SA | 0.8% | $44.36M | 7.20M | 0.0% | Held | 2 |
| 25 | YUMC Yum China Holdings, Inc. | 0.8% | $43.98M | 976.91K | New | New | 1 |
| 26 | HTHT H World Group Limited | 0.8% | $43.44M | 1.17M | -9.6% | ▼ Trim | 2 |
| 27 | PDD PDD Holdings Inc. | 0.7% | $38.19M | 283.27K | New | New | 1 |
| 28 | INFY Infosys Limited | 0.7% | $38.12M | 1.71M | New | New | 1 |
| 29 | BBD Banco Bradesco S.A. | 0.7% | $37.55M | 14.11M | -59.5% | ▼ Trim | 2 |
| 30 | ENLC ENLINK MIDSTREAM LLC | 0.7% | $36.64M | 2.53M | New | New | 1 |
| 31 | BZ Kanzhun Limited | 0.7% | $34.92M | 2.01M | New | New | 1 |
| 32 | JOYY JOYY, Inc. Sponsored ADR… | 0.6% | $31.99M | 882.59K | +29.9% | ▲ Add | 2 |
| 33 | TX Ternium S.A. | 0.6% | $31.19M | 844.91K | -9.6% | ▼ Trim | 2 |
| 34 | OCSL Oaktree Specialty Lending… | 0.6% | $30.21M | 1.85M | 0.0% | Held | 2 |
| 35 | BMA BANCO MACRO SA | 0.6% | $29.48M | 464.30K | 0.0% | Held | 2 |
| 36 | BABA Alibaba Group Holding… | 0.4% | $23.85M | 224.72K | +83.3% | ▲ Add | 2 |
| 37 | TEO TELECOM ARGENTINA SA | 0.4% | $23.22M | 3.08M | +2.0% | ▲ Add | 2 |
| 38 | NTES NetEase, Inc. | 0.4% | $21.75M | 232.59K | New | New | 1 |
| 39 | TPIC TPI COMPOSITES INC | 0.4% | $20.98M | 4.61M | +0.2% | ▲ Add | 2 |
| 40 | BATL BATTALION OIL CORP | 0.4% | $20.08M | 3.01M | 0.0% | Held | 2 |
| 41 | UNIT Uniti Group Inc. | 0.4% | $19.16M | 3.40M | 0.0% | Held | 2 |
| 42 | BRY BERRY CORP | 0.4% | $19.00M | 3.70M | 0.0% | Held | 2 |
| 43 | OPTU Optimum Communications, Inc. | 0.3% | $18.45M | 7.50M | +26.3% | ▲ Add | 2 |
| 44 | BAK BRASKEM SA | 0.3% | $18.29M | 2.49M | +2.0% | ▲ Add | 2 |
| 45 | TGS TRANSPORTADORA DE GAS DEL… | 0.3% | $16.93M | 923.18K | -5.1% | ▼ Trim | 2 |
| 46 | ONIT ONITY GROUP INC | 0.3% | $14.41M | 451.03K | 0.0% | Held | 2 |
| 47 | MX MAGNACHIP SEMICONDUCTOR CORP | 0.3% | $13.31M | 2.85M | 0.0% | Held | 2 |
| 48 | SMRT SMARTRENT INC | 0.2% | $12.98M | 7.51M | 0.0% | Held | 2 |
| 49 | DQ Daqo New Energy Corp. | 0.2% | $12.32M | 604.94K | New | New | 1 |
| 50 | HIMS Hims & Hers Health, Inc. | 0.2% | $12.29M | 666.96K | 0.0% | Held | 2 |
| 51 | PAM PAMPA ENERGIA SA | 0.2% | $12.23M | 203.77K | 0.0% | Held | 2 |
| 52 | YPF YPF Sociedad Anónima | 0.2% | $11.69M | 551.13K | -42.3% | ▼ Trim | 2 |
| 53 | BHC Bausch Health Companies Inc. | 0.2% | $10.36M | 1.27M | 0.0% | Held | 2 |
| 54 | XP XP Inc. | 0.2% | $9.16M | 510.76K | New | New | 1 |
| 55 | VACHU VACASA INC | 0.1% | $3.87M | 1.38M | 0.0% | Held | 2 |
| 56 | HDB HDFC Bank Limited | 0.1% | $3.38M | 54.04K | +3.0% | ▲ Add | 2 |
| 57 | ECD AUTOMOTIVE DESIGN INC (unmapped) | n/a | $89,250 | 75.00K | n/a | n/a |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| TLN Talen Energy Corporation | 696.68K | n/a | New | $124.18M | 2.3% | |
| CRC California Resources… | 2.05M | n/a | New | $107.39M | 2.0% | |
| YUMC Yum China Holdings, Inc. | 976.91K | n/a | New | $43.98M | 0.8% | |
| PDD PDD Holdings Inc. | 283.27K | n/a | New | $38.19M | 0.7% | |
| INFY Infosys Limited | 1.71M | n/a | New | $38.12M | 0.7% | |
| ENLC | 2.53M | n/a | New | $36.64M | 0.7% | |
| BZ Kanzhun Limited | 2.01M | n/a | New | $34.92M | 0.7% | |
| NTES NetEase, Inc. | 232.59K | n/a | New | $21.75M | 0.4% | |
| DQ Daqo New Energy Corp. | 604.94K | n/a | New | $12.32M | 0.2% | |
| XP XP Inc. | 510.76K | n/a | New | $9.16M | 0.2% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| LBTYA Liberty Global plc | 5.97M | 3.80M | +57.1% | $126.10M | 2.4% | |
| FCX Freeport-McMoRan Inc. | 2.43M | 2.42M | +0.3% | $121.07M | 2.3% | |
| ITUB Itaú Unibanco Holding… | 9.08M | 6.65M | +36.6% | $60.36M | 1.1% | |
| TCOM Trip.com Group Limited | 791.52K | 585.64K | +35.1% | $47.04M | 0.9% | |
| JOYY JOYY, Inc. Sponsored… | 882.59K | 679.44K | +29.9% | $31.99M | 0.6% | |
| BABA Alibaba Group Holding… | 224.72K | 122.58K | +83.3% | $23.85M | 0.4% | |
| TEO | 3.08M | 3.02M | +2.0% | $23.22M | 0.4% | |
| TPIC | 4.61M | 4.60M | +0.2% | $20.98M | 0.4% | |
| OPTU Optimum Communications… | 7.50M | 5.94M | +26.3% | $18.45M | 0.3% | |
| BAK | 2.49M | 2.44M | +2.0% | $18.29M | 0.3% | |
| HDB HDFC Bank Limited | 54.04K | 52.48K | +3.0% | $3.38M | 0.1% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| TRMD TORM plc | 40.58M | 44.11M | -8.0% | $1.38B | 26.0% | |
| SBLK Star Bulk Carriers Corp. | 5.71M | 7.97M | -28.3% | $135.32M | 2.5% | |
| AU AngloGold Ashanti plc | 5.66M | 6.33M | -10.6% | $150.66M | 2.8% | |
| VALE Vale S.A. | 8.20M | 12.75M | -35.7% | $95.82M | 1.8% | |
| BBD Banco Bradesco S.A. | 14.11M | 34.81M | -59.5% | $37.55M | 0.7% | |
| JD JD.com, Inc. | 1.76M | 2.82M | -37.6% | $70.41M | 1.3% | |
| PBR Petróleo Brasileiro… | 4.07M | 4.51M | -9.7% | $58.64M | 1.1% | |
| HTHT H World Group Limited | 1.17M | 1.29M | -9.6% | $43.44M | 0.8% | |
| TX Ternium S.A. | 844.91K | 934.34K | -9.6% | $31.19M | 0.6% | |
| YPF YPF Sociedad Anónima | 551.13K | 954.68K | -42.3% | $11.69M | 0.2% | |
| TGS | 923.18K | 973.18K | -5.1% | $16.93M | 0.3% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| GGB Gerdau S.A. | n/a | 5.89M | Exit | $19.43M | 0.4% | |
| SGU | n/a | 966.87K | Exit | $11.66M | 0.2% | |
| AZUL | n/a | 2.45M | Exit | $9.78M | 0.2% |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written, so no direction can be inferred. Methodology
Consecutive quarters each current position has been reported, within our data window.
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Pacer Advisors, Inc. | 10 | 0.6% | 0.0772 | Compare ⇄ |
| GAMCO Investors | 13 | 1.4% | 0.047 | Compare ⇄ |
| Third Point | 3 | 3.6% | 0.0454 | Compare ⇄ |
| Man Group plc | 23 | 1.2% | 0.0292 | Compare ⇄ |
| Group One Trading Llc | 23 | 1.1% | 0.0269 | Compare ⇄ |
| Victory Capital Management Inc | 21 | 0.9% | 0.023 | Compare ⇄ |
| Ninety One UK Ltd | 9 | 2.9% | 0.021 | Compare ⇄ |
| Wcm Investment Management, Llc | 3 | 1.0% | 0.0203 | Compare ⇄ |
Similarity of reported longs only; hedges and non-13F assets are invisible. Methodology
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