Rating #133
Howard Marks
Oaktree Capital Management
Portfolio value
Stocks
Performance
1 Year
+20.54%
Stock Holdings
$
%
1Y
3Y
5Y
10Y
Howard Marks’ Portfolio: Q4 2025
Top10 stocks: 43.60% of the portfolio
Howard Marks’ Trades: Q4 2025
Adds
New Buys
Sold Outs
Cuts
1.19ppt
S
Share Count Chg. (%)
Add +16.67%
0.47ppt
0.03ppt
0.21ppt
-0.07ppt
0.22ppt
0.03ppt
0.10ppt
Company Name | Share Count Chg. (%) | Price Paid | Buy Value | Portfolio % Change | |
|---|---|---|---|---|---|
Add +361.54% | $388.68 | $91.34M | 1.19ppt | ||
Add +16.67% | $675.88 | $37.17M | 0.47ppt | ||
3  CORZ | Add +30.47% | $17.44 | $34.01M | 0.03ppt | |
4  XP | Add +63.32% | $17.61 | $22.67M | 0.21ppt | |
5  TLN | Add +13.74% | $388.68 | $15.55M | -0.07ppt | |
6  ECVT | Add +48.81% | $8.73 | $12.18M | 0.22ppt | |
7  ITUB | Add +9.13% | $7.11 | $8.23M | 0.03ppt | |
8  BLCO | Add +4.23% | $15.86 | $2.18M | 0.10ppt |
Howard Marks’ Holdings: Q4 2025
Company Name | Primary Industry | Avg. price paid  | Share Count Chg. (%) | No of shares held | Market value | Portfolio % Change | % of Ownership | Holding period | Last Transaction | |
|---|---|---|---|---|---|---|---|---|---|---|
1  EXE | Crude Oil & Gas | $44.04 | 0.00% | 5.06M | $558.68M | 7.95% -0.03ppt | 2.13% | 20 Quarters | Q3 2025 | |
2  TRMD | Deep sea freight | $6.59 | Cut -34.88% | 26.43M | $527.29M | 7.50% -4.88ppt | 26.96% | 30 Quarters | Q4 2025 | |
3  AU | Gold & Silver Mining | $16.61 | Cut -8.06% | 3.85M | $328.16M | 4.67% 0.30ppt | 0.76% | 10 Quarters | Q4 2025 | |
- | $360.13 | New Buy +100.00% | 865.00K | $311.51M | 4.43% 4.43ppt | - | 1 Quarter | Q4 2025 | ||
5  GTX | Vehicle Parts | $7.60 | Cut -46.40% | 17.09M | $297.96M | 4.24% -2.21ppt | 8.60% | 19 Quarters | Q4 2025 | |
- | $596.55 | Add +16.67% | 385.00K | $262.54M | 3.74% 0.47ppt | - | 18 Quarters | Q4 2025 | ||
7  INDV | Pharmaceutical Pres | $13.42 | Cut -33.51% | 7.11M | $255.06M | 3.63% -0.20ppt | 5.69% | 8 Quarters | Q4 2025 | |
8  VNOM | Crude Oil & Gas | $38.22 | 0.00% | 6.29M | $242.79M | 3.45% -0.11ppt | 4.22% | 2 Quarters | Q3 2025 | |
9  TDS | Telephone Communications | $39.24 | 0.00% | 3.69M | $151.22M | 2.15% 0.00ppt | 3.21% | 2 Quarters | Q3 2025 | |
10  B | Fabricated Metal Products | $21.34 | Cut -9.90% | 2.98M | $129.57M | 1.84% 0.24ppt | 0.18% | 3 Quarters | Q4 2025 | |
11 TLN | Electric Services | $322.37 | Add +13.74% | 331.12K | $124.12M | 1.77% -0.07ppt | 0.72% | 6 Quarters | Q4 2025 | |
12 CORZ | Data Processing Services | $17.15 | Add +30.47% | 8.35M | $121.59M | 1.73% 0.03ppt | 2.62% | 2 Quarters | Q4 2025 | |
13  NOK | Broadcasting Equipment | $5.27 | 0.00% | 18.75M | $121.33M | 1.73% 0.39ppt | 0.35% | 4 Quarters | Q2 2025 | |
14 TLN Call | Electric Services | $337.22 | Add +361.54% | 300.00K | $112.45M | 1.60% 1.19ppt | - | 5 Quarters | Q4 2025 | |
15  FTAI | Misc. Equipment Rental | $166.86 | Cut -11.59% | 517.33K | $101.84M | 1.45% -0.00ppt | 0.50% | 2 Quarters | Q4 2025 | |
16 ITUB | State Commercial Banks | $6.24 | Add +9.13% | 13.82M | $98.97M | 1.41% 0.03ppt | 0.13% | 46 Quarters | Q4 2025 | |
17  ORCL Put | Prepackaged Software | $281.24 | 0.00% | 500.00K | $97.46M | 1.39% -0.70ppt | - | 2 Quarters | Q3 2025 | |
18  LBTY.A | Cable & Pay TV Services | $10.26 | 0.00% | 8.55M | $95.26M | 1.36% -0.10ppt | 2.52% | 9 Quarters | Q3 2025 | |
19  CBL | Real Estate Investment Trusts | $32.04 | Cut -16.22% | 2.52M | $93.15M | 1.33% -0.04ppt | 8.28% | 17 Quarters | Q4 2025 | |
20  AERO | - | $21.96 | New Buy +100.00% | 3.78M | $82.94M | 1.18% 1.18ppt | 2.77% | 1 Quarter | Q4 2025 |
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