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Howard Marks — Institutional Investor Profile | Buyside Digest

Howard Marks

The Cautious Philosopher of Investing • Oaktree Capital Management

Value

$0M

Stocks

36 Stocks

Turnover

0.0%

CIK

0000949509EDGAR ↗

Website ↗

Top Holdings

SPY(18.28%) QQQ(11.77%) TRMD(9.47%) EXEEL(8.63%) GTXMQ(4.97%)

About Investor

Founded in 1995 by Howard Marks, Bruce Karsh, and three other partners, Oaktree has become the world's largest distressed-debt investor with funds averaging 19% annual returns after fees over 22 years. The firm went public in 2012 and was acquired 62% by Brookfield Asset Management in 2019, creating one of the world's largest alternative asset managers. Current leadership includes co-CEOs Robert O'Leary (Global Opportunities portfolio manager) and Armen Panossian (head of performing credit), appointed in 2023. The firm employs over 1,450 professionals across 26 cities worldwide, serving sophisticated institutional clients including 64 of the 100 largest U.S. pension plans, 40 state retirement plans, over 550 corporations, and 17 sovereign wealth funds. Oaktree's mature organizational structure and proven succession planning provide stability in alternative investments.

Investor Philosophy

Investment philosophy details pending verification.

Howard Marks Top Holdings

Ticker	P/C	Company Name	Sector	Market Value	Weight	% Chg
SPY	None	SPDR S&P 500 ETF Trust	General	$1011.9M	18.3%	No Change
QQQ	None	INVESCO QQQ TR	General	$651.7M	11.8%	No Change
TRMD	None	TORM Plc	Energy	$524.3M	9.5%	No Change
EXEEL	None	EXPAND ENERGY CORPORATION	General	$477.6M	8.6%	No Change
GTXMQ	None	Garrett Motion Inc.	General	$275.2M	5.0%	No Change
AU	None	AngloGold Ashanti	Basic Materials	$257.2M	4.7%	No Change
INDV	None	Indivior	Healthcare	$251.4M	4.5%	No Change
TDS	None	Telephone and Data Systems, Inc.	Communication Services	$195.5M	3.5%	No Change
VNOM	None	Viper Energy	Energy	$160.8M	2.9%	No Change
CORZZ	None	CORE SCIENTIFIC INC NEW	General	$127.8M	2.3%	No Change

Recent Buys (13F)

Ticker	Amount	% Chg	Weight	Status
No recent buys.

Recent Sells (13F)

Ticker	Amount	% Chg	Weight	Status
No recent sells.

13F Sector Breakdown

General59.3%

Energy12.4%

Communication Services7.4%

Basic Materials4.7%

Healthcare4.5%

Sector	Stocks	Value	Exposure
General	18	$3284.3M	59.3%
Energy	2	$685.0M	12.4%
Communication Services	4	$407.9M	7.4%
Basic Materials	1	$257.2M	4.7%
Healthcare	1	$251.4M	4.5%
Materials	2	$165.1M	3.0%
Consumer Discretionary	3	$156.5M	2.8%
Industrials	2	$127.4M	2.3%
Financials	1	$94.0M	1.7%
Information Technology	1	$56.6M	1.0%
Financial Services	1	$50.7M	0.9%