Manager record · ✦ curated · archived quarter
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.
$5.81BReported 13F value
178Positions
67.3%Top-10 weight
13.00Effective holdings
6.0%Est. turnover
+9New
−10Exits
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.
Sector exposure
Energy
22.6% (-0.8pp)
Basic Materials
21.5% (+0.2pp)
Industrials
20.7% (+0.5pp)
Consumer Cyclical
11.2% (-1.1pp)
Financial Services
5.9% (+0.9pp)
Real Estate
5.1% (+0.1pp)
Technology
5.0% (+0.5pp)
Communication Services
3.9% (-1.0pp)
Utilities
2.9% (-0.2pp)
Healthcare
1.2% (+1.0pp)
Consumer Defensive
0.1%
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q2 2025
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | TRMD TORM plc | 17.3% | $681.59M | 40.58M | 0.0% | Held | 5 |
| 2 | EXE Expand Energy Corporation | 15.3% | $602.31M | 5.16M | -8.8% | ▼ Trim | 5 |
| 3 | GTX Garrett Motion Inc. | 9.8% | $387.76M | 36.89M | -16.3% | ▼ Trim | 5 |
| 4 | STR Sitio Royalties Corp. | 6.0% | $237.94M | 12.95M | +0.1% | ▲ Add | 5 |
| 5 | AU AngloGold Ashanti plc | 5.7% | $225.47M | 4.95M | -9.5% | ▼ Trim | 5 |
| 6 | Indivior PLC (unmapped) | n/a | $162.27M | 11.01M | n/a | n/a | |
| 7 | STKL SUNOPTA INC | 3.0% | $120.19M | 20.73M | 0.0% | Held | 5 |
| 8 | RWAY Runway Growth Finance Corp. | 2.7% | $104.94M | 9.78M | -9.3% | ▼ Trim | 5 |
| 9 | CX CEMEX, S.A.B. de C.V. | 2.6% | $102.83M | 14.84M | -23.4% | ▼ Trim | 5 |
| 10 | VIST Vista Energy, S.A.B. de C.V. | 2.5% | $98.56M | 2.06M | -5.6% | ▼ Trim | 5 |
| 11 | NOK Nokia Oyj | 2.5% | $97.14M | 18.75M | 0.0% | ▲ Add | 2 |
| 12 | FCX Freeport-McMoRan Inc. | 2.2% | $86.53M | 2.00M | -8.9% | ▼ Trim | 5 |
| 13 | LBTYA Liberty Global plc | 2.1% | $82.20M | 8.21M | +14.0% | ▲ Add | 5 |
| 14 | CBL CBL & Associates… | 1.9% | $76.30M | 3.01M | 0.0% | Held | 5 |
| 15 | ITUB Itaú Unibanco Holding S.A. | 1.9% | $74.72M | 11.00M | +58.5% | ▲ Add | 2 |
| 16 | B Barrick Mining Corporation | 1.7% | $65.74M | 3.16M | New | New | 1 |
| 17 | TAC TransAlta Corporation | 1.7% | $65.51M | 6.09M | +8.9% | ▲ Add | 2 |
| 18 | KRC Kilroy Realty Corporation | 1.6% | $63.47M | 1.85M | 0.0% | Held | 5 |
| 19 | CRC California Resources Corp | 1.6% | $62.88M | 1.38M | 0.0% | Held | 4 |
| 20 | GRAB Grab Holdings Limited | 1.5% | $58.19M | 11.57M | +12.6% | ▲ Add | 2 |
| 21 | SBLK Star Bulk Carriers Corp. | 1.4% | $55.73M | 3.23M | -39.9% | ▼ Trim | 5 |
| 22 | TLN Talen Energy Corporation | 1.0% | $37.75M | 129.83K | -59.4% | ▼ Trim | 4 |
| 23 | BLCO Bausch + Lomb Corporation | 0.8% | $32.80M | 2.52M | New | New | 1 |
| 24 | EC Ecopetrol S.A. | 0.8% | $31.42M | 3.55M | +12.3% | ▲ Add | 2 |
| 25 | BZ Kanzhun Limited | 0.7% | $28.03M | 1.57M | +34.2% | ▲ Add | 4 |
| 26 | TX Ternium S.A. | 0.7% | $27.68M | 919.71K | +13.2% | ▲ Add | 5 |
| 27 | BEKE KE Holdings Inc. | 0.7% | $26.84M | 1.51M | +20.6% | ▲ Add | 2 |
| 28 | OCSL Oaktree Specialty Lending… | 0.6% | $25.30M | 1.85M | 0.0% | Held | 5 |
| 29 | TEO TELECOM ARGENTINA SA | 0.6% | $23.35M | 2.64M | -2.4% | ▼ Trim | 5 |
| 30 | ALVO ALVOTECH SA | 0.6% | $22.50M | 6.23M | -4.7% | ▼ Trim | 5 |
| 31 | YMM Full Truck Alliance Co. Ltd. | 0.6% | $21.76M | 1.84M | New | New | 1 |
| 32 | VALE Vale S.A. | 0.5% | $19.75M | 2.03M | -66.2% | ▼ Trim | 5 |
| 33 | OPTU Optimum Communications, Inc. | 0.4% | $16.05M | 7.50M | 0.0% | Held | 5 |
| 34 | UNIT Uniti Group Inc. | 0.4% | $14.68M | 3.40M | 0.0% | Held | 5 |
| 35 | LILA Liberty Latin America Ltd. | 0.4% | $14.48M | 2.33M | New | New | 1 |
| 36 | SE Sea Limited | 0.3% | $13.36M | 83.51K | New | New | 1 |
| 37 | MX MAGNACHIP SEMICONDUCTOR CORP | 0.3% | $11.34M | 2.85M | 0.0% | Held | 5 |
| 38 | BRY BERRY CORP | 0.3% | $10.24M | 3.70M | 0.0% | Held | 5 |
| 39 | YPF YPF Sociedad Anónima | 0.3% | $10.20M | 324.33K | New | New | 1 |
| 40 | BHC Bausch Health Companies Inc. | 0.2% | $8.46M | 1.27M | 0.0% | Held | 5 |
| 41 | SMRT SMARTRENT INC | 0.2% | $7.43M | 7.51M | 0.0% | Held | 5 |
| 42 | HDB HDFC Bank Limited | 0.2% | $6.50M | 84.84K | -5.4% | ▼ Trim | 5 |
| 43 | HDSN HUDSON TECHNOLOGIES INC | 0.1% | $4.57M | 562.66K | New | New | 1 |
| 44 | BMA BANCO MACRO SA | 0.1% | $4.25M | 60.59K | -76.7% | ▼ Trim | 5 |
| 45 | TPIC TPI COMPOSITES INC | 0.1% | $3.96M | 4.61M | 0.0% | Held | 5 |
| 46 | BATL BATTALION OIL CORP | 0.1% | $3.88M | 3.01M | 0.0% | Held | 5 |
| 47 | TGS TRANSPORTADORA DE GAS DEL… | 0.1% | $3.56M | 137.63K | -71.6% | ▼ Trim | 5 |
| 48 | JBS Jbs N.V. | 0.1% | $3.49M | 238.61K | New | New | 1 |
| 49 | BAK BRASKEM SA | 0.0% | $1.49M | 453.17K | -80.7% | ▼ Trim | 5 |
| 50 | BTAI BIOXCEL THERAPEUTICS INC | 0.0% | $436,551 | 241.19K | New | New | 1 |
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 |
|---|---|---|---|---|---|---|
| B Barrick Mining… | 3.16M | n/a | New | $65.74M | 1.7% | |
| BLCO Bausch + Lomb… | 2.52M | n/a | New | $32.80M | 0.8% | |
| YMM Full Truck Alliance Co.… | 1.84M | n/a | New | $21.76M | 0.6% | |
| LILA Liberty Latin America… | 2.33M | n/a | New | $14.48M | 0.4% | |
| SE Sea Limited | 83.51K | n/a | New | $13.36M | 0.3% | |
| YPF YPF Sociedad Anónima | 324.33K | n/a | New | $10.20M | 0.3% | |
| HDSN | 562.66K | n/a | New | $4.57M | 0.1% | |
| JBS Jbs N.V. | 238.61K | n/a | New | $3.49M | 0.1% | |
| BTAI | 241.19K | n/a | New | $436,551 | 0.0% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| STR Sitio Royalties Corp. | 12.95M | 12.94M | +0.1% | $237.94M | 6.0% | |
| NOK Nokia Oyj | 18.75M | 18.75M | 0.0% | $97.14M | 2.5% | ●●○○○○ |
| LBTYA Liberty Global plc | 8.21M | 7.20M | +14.0% | $82.20M | 2.1% | |
| ITUB Itaú Unibanco Holding… | 11.00M | 6.94M | +58.5% | $74.72M | 1.9% | ●●○○○○ |
| TAC TransAlta Corporation | 6.09M | 5.59M | +8.9% | $65.51M | 1.7% | ●●○○○○ |
| GRAB Grab Holdings Limited | 11.57M | 10.28M | +12.6% | $58.19M | 1.5% | ●●○○○○ |
| EC Ecopetrol S.A. | 3.55M | 3.16M | +12.3% | $31.42M | 0.8% | ●●○○○○ |
| BZ Kanzhun Limited | 1.57M | 1.17M | +34.2% | $28.03M | 0.7% | |
| TX Ternium S.A. | 919.71K | 812.61K | +13.2% | $27.68M | 0.7% | |
| BEKE KE Holdings Inc. | 1.51M | 1.25M | +20.6% | $26.84M | 0.7% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| EXE Expand Energy… | 5.16M | 5.66M | -8.8% | $602.31M | 15.3% | ●●○○○○ |
| GTX Garrett Motion Inc. | 36.89M | 44.08M | -16.3% | $387.76M | 9.8% | |
| AU AngloGold Ashanti plc | 4.95M | 5.46M | -9.5% | $225.47M | 5.7% | ●●●●○○ |
| RWAY Runway Growth Finance… | 9.78M | 10.78M | -9.3% | $104.94M | 2.7% | |
| CX CEMEX, S.A.B. de C.V. | 14.84M | 19.38M | -23.4% | $102.83M | 2.6% | |
| VIST Vista Energy, S.A.B. de… | 2.06M | 2.18M | -5.6% | $98.56M | 2.5% | ●●●○○○ |
| FCX Freeport-McMoRan Inc. | 2.00M | 2.19M | -8.9% | $86.53M | 2.2% | |
| SBLK Star Bulk Carriers Corp. | 3.23M | 5.37M | -39.9% | $55.73M | 1.4% | |
| TLN Talen Energy Corporation | 129.83K | 319.83K | -59.4% | $37.75M | 1.0% | ●●●○○○ |
| VALE Vale S.A. | 2.03M | 6.01M | -66.2% | $19.75M | 0.5% | ●●●●○○ |
| TEO | 2.64M | 2.71M | -2.4% | $23.35M | 0.6% | ●●●○○○ |
| ALVO | 6.23M | 6.54M | -4.7% | $22.50M | 0.6% | ●●●○○○ |
| BMA | 60.59K | 260.46K | -76.7% | $4.25M | 0.1% | ●●●○○○ |
| TGS | 137.63K | 484.61K | -71.6% | $3.56M | 0.1% | ●●●●○○ |
| BAK | 453.17K | 2.34M | -80.7% | $1.49M | 0.0% | ●●○○○○ |
| HDB HDFC Bank Limited | 84.84K | 89.70K | -5.4% | $6.50M | 0.2% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| 0K58.L NOV Inc. | n/a | 2.52M | Exit | $48.92M | 1.2% | |
| HTHT H World Group Limited | n/a | 1.23M | Exit | $45.50M | 1.1% | |
| JD JD.com, Inc. | n/a | 960.80K | Exit | $39.51M | 1.0% | |
| PBR Petróleo Brasileiro… | n/a | 2.66M | Exit | $38.14M | 0.9% | |
| BILI Bilibili Inc. | n/a | 1.93M | Exit | $36.80M | 0.9% | |
| BIDU Baidu, Inc. | n/a | 199.68K | Exit | $18.38M | 0.5% | |
| KC Kingsoft Cloud Holdings… | n/a | 1.09M | Exit | $15.68M | 0.4% | |
| ONIT | n/a | 410.43K | Exit | $13.27M | 0.3% | |
| VACHU | n/a | 1.38M | Exit | $7.40M | 0.2% | |
| DQ Daqo New Energy Corp. | n/a | 344.82K | Exit | $6.24M | 0.2% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| SPY | Put | 1.02M | $630.21M |
| XHB | Put | 690.00K | $68.01M |
| IWM | Put | 240.00K | $51.79M |
| TLN | Call | 65.00K | $18.90M |
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
Position age
90–1 quarters
92–4 quarters
315–8 quarters
Consecutive quarters each current position has been reported, within our data window.
Similar managers
| 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
Filing record
Aug 14 2026
13F-HR · period Q2 2026
$7.21B · 145 holdings listed · View original SEC filing ↗
May 20 2026
13F-HR/A · period Q1 2026
$6.56B · 147 holdings listed · amendment (restatement) · View original SEC filing ↗
May 19 2026
13F-HR/A · period Q1 2026
$6.49B · 142 holdings listed · amendment (restatement) · View original SEC filing ↗
May 15 2026
13F-HR · period Q1 2026
$6.28B · 142 holdings listed · View original SEC filing ↗
Feb 17 2026
13F-HR · period Q4 2025
$7.03B · 172 holdings listed · View original SEC filing ↗
Nov 13 2025
13F-HR · period Q3 2025
$6.49B · 165 holdings listed · View original SEC filing ↗
Aug 13 2025
13F-HR · period Q2 2025
$5.81B · 178 holdings listed · View original SEC filing ↗
May 15 2025
13F-HR · period Q1 2025
$5.17B · 170 holdings listed · View original SEC filing ↗
Feb 12 2025
13F-HR · period Q4 2024
$5.64B · 165 holdings listed · View original SEC filing ↗
Nov 14 2024
13F-HR · period Q3 2024
$6.24B · 168 holdings listed · View original SEC filing ↗
Aug 14 2024
13F-HR · period Q2 2024
$6.30B · 152 holdings listed · View original SEC filing ↗
Provenance: All holdings parsed from this manager's 13F information tables on SEC EDGAR; values as reported, whole USD. Changes compare the latest accepted version of each quarter (amendments incorporated) on split-adjusted share counts.
Reporting period: Q2 2025 · latest filing Aug 14, 2026 ·
Change methodology