Fondamentix

Howard Marks

Oaktree Capital Management. Portfolio reported in the 13F as of June 30, 2026.

$3.8B
reported value
51
positions
47.3%
in the top 5
-$771.3M
last quarter balance

How the portfolio is split

Weight of each sector on the reported value.

  • Energy
  • Consumer Cyclical
  • Technology
  • Utilities
  • Financial Services
  • Other and unclassified
Q2 2026
16.9%
66.5%
Q1 2026
17.5%
68.1%
Q4 2025
17.7%
68.2%
Q3 2025
16.4%
9.2%
67.4%

How much they buy and sell

Estimate of the money put in and taken out each quarter. The balance tells whether they are investing or cashing in.

  • Purchases
  • Sales
+$473.1M
Q3 2025
-$9.7B
Q4 2025
-$625.8M
Q1 2026
-$771.3M
Q2 2026

Positions over the last 4 quarters

Weight of each position in the portfolio. The last column estimates how much they bought or sold compared with the previous quarter.

CompanyBought / sold
  • TORM PLC
    not in our list
    -$90.5M
    -14.7%
    Q3 2025
    17.6%
    Q4 2025
    11.6%
    Q1 2026
    15.7%
    Q2 2026
    13.9%
  • Expand Energy Corporation
    EXE Energy
    0
    Q3 2025
    11.3%
    Q4 2025
    12.3%
    Q1 2026
    13.4%
    Q2 2026
    12.6%
  • Garrett Motion Inc.
    GTX Consumer Cyclical
    -$253.6M
    -48.0%
    Q3 2025
    9.2%
    Q4 2025
    6.6%
    Q1 2026
    6.2%
    Q2 2026
    7.3%
  • ANGLOGOLD ASHANTI PLC
    not in our list
    -$3.6M
    -1.4%
    Q3 2025
    6.2%
    Q4 2025
    7.2%
    Q1 2026
    7.3%
    Q2 2026
    6.8%
  • INDIVIOR PHARMACEUTICALS INC
    INDVnot in our list
    -$35.2M
    -12.3%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    4.9%
    Q2 2026
    6.7%
  • TELEPHONE AND DATA SYSTEMS INC
    TDSnot in our list
    +$36.7M
    +23.1%
    Q3 2025
    3.1%
    Q4 2025
    3.3%
    Q1 2026
    4.2%
    Q2 2026
    5.2%
  • Viper Energy, Inc.
    VNOM Energy
    0
    Q3 2025
    5.1%
    Q4 2025
    5.4%
    Q1 2026
    4.1%
    Q2 2026
    4.3%
  • Core Scientific, Inc.
    CORZ Technology
    -$111.5M
    -46.6%
    Q3 2025
    2.4%
    Q4 2025
    2.7%
    Q1 2026
    3.2%
    Q2 2026
    3.4%
  • Talen Energy Corporation
    TLN Utilities
    0
    Q3 2025
    2.6%
    Q4 2025
    2.7%
    Q1 2026
    2.5%
    Q2 2026
    3.4%
  • BARRICK MINING CORP
    Bnot in our list
    +$21.3M
    +22.1%
    Q3 2025
    2.3%
    Q4 2025
    2.9%
    Q1 2026
    2.5%
    Q2 2026
    3.1%
  • Itaú Unibanco Holding S.A.
    ITUB Financial Services
    -$1.7M
    -1.7%
    Q3 2025
    2.0%
    Q4 2025
    2.2%
    Q1 2026
    2.4%
    Q2 2026
    2.6%
  • LIBERTY GLOBAL LTD
    not in our list
    0
    Q3 2025
    2.1%
    Q4 2025
    2.1%
    Q1 2026
    2.4%
    Q2 2026
    2.6%
  • OAKTREE SPECIALTY LENDING CORP
    FFC0not in our list
    +$71.9M
    +325.0%
    Q3 2025
    0.5%
    Q4 2025
    0.5%
    Q1 2026
    0.5%
    Q2 2026
    2.5%
  • Freeport-McMoRan Inc
    FCX Basic Materials
    -$1.2M
    -1.6%
    Q3 2025
    1.2%
    Q4 2025
    1.6%
    Q1 2026
    1.7%
    Q2 2026
    2.0%
  • GRUPO AEROMEXICO SAB DE CV
    AEROnot in our list
    0
    Q3 2025
    –
    Q4 2025
    1.8%
    Q1 2026
    1.3%
    Q2 2026
    1.9%
  • KILROY REALTY CORP
    KRCnot in our list
    0
    Q3 2025
    1.6%
    Q4 2025
    1.5%
    Q1 2026
    1.2%
    Q2 2026
    1.8%
  • SEA LTD
    SEnot in our list
    +$60.9M
    new
    Q3 2025
    0.5%
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    1.6%
  • LIBERTY LATIN AMERICA LTD
    not in our list
    +$14.1M
    +31.5%
    Q3 2025
    1.2%
    Q4 2025
    0.9%
    Q1 2026
    1.2%
    Q2 2026
    1.6%
  • BAUSCH LOMB CORP
    BLCOnot in our list
    +$965.5K
    +1.7%
    Q3 2025
    1.0%
    Q4 2025
    1.3%
    Q1 2026
    1.2%
    Q2 2026
    1.5%
  • VIASAT INC
    VSATnot in our list
    +$56.6M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    1.5%
  • MAKEMYTRIP LTD
    not in our list
    +$52.4M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    1.4%
  • MATTHEWS INTERNATIONAL CORP
    MATWnot in our list
    +$51.8M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    1.4%
  • XP INC
    not in our list
    -$897.6K
    -1.7%
    Q3 2025
    0.8%
    Q4 2025
    1.2%
    Q1 2026
    1.4%
    Q2 2026
    1.3%
  • YPF SA
    YPFnot in our list
    +$4.8M
    +11.8%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    1.0%
    Q2 2026
    1.2%
  • TRANSALTA CORP
    TACnot in our list
    -$47.2M
    -53.2%
    Q3 2025
    1.8%
    Q4 2025
    1.8%
    Q1 2026
    2.0%
    Q2 2026
    1.1%
  • RUNWAY GROWTH FINANCE CORP
    RWAYnot in our list
    0
    Q3 2025
    1.8%
    Q4 2025
    1.4%
    Q1 2026
    1.1%
    Q2 2026
    1.0%
  • EMBRAER SA
    EMBJnot in our list
    -$504.0K
    -1.8%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.6%
    Q2 2026
    0.7%
  • ARRAY DIGITAL INFRASTRUCTURE INC
    ADnot in our list
    -$1.0M
    -3.8%
    Q3 2025
    0.8%
    Q4 2025
    0.9%
    Q1 2026
    0.8%
    Q2 2026
    0.7%
  • RICE ACQUISITION CORP 3
    not in our list
    0
    Q3 2025
    –
    Q4 2025
    0.5%
    Q1 2026
    0.6%
    Q2 2026
    0.7%
  • SHARONAI HOLDINGS INC
    SHAZnot in our list
    -$60.2M
    -71.1%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.5%
    Q2 2026
    0.6%
  • TERNIUM SA
    TXnot in our list
    -$452.6K
    -1.8%
    Q3 2025
    0.7%
    Q4 2025
    0.6%
    Q1 2026
    0.5%
    Q2 2026
    0.6%
  • QUANTUM CORP
    QNTnot in our list
    +$22.1M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.6%
  • The Simply Good Foods Company
    SMPL Consumer Defensive
    +$996.0K
    +6.6%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.4%
    Q2 2026
    0.4%
  • Surgery Partners, Inc.
    SGRY Healthcare
    +$14.5M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.4%
  • MAYFAIR GOLD CORP
    MFGnot in our list
    0
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.3%
    Q2 2026
    0.3%
  • BLUE MOON METALS INC
    MOONnot in our list
    0
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.3%
    Q2 2026
    0.3%
  • SMARTRENT INC
    SMRTnot in our list
    0
    Q3 2025
    0.2%
    Q4 2025
    0.3%
    Q1 2026
    0.3%
    Q2 2026
    0.2%
  • MAGNACHIP SEMICONDUCTOR CORP
    MXnot in our list
    -$6.4M
    -47.4%
    Q3 2025
    0.2%
    Q4 2025
    0.2%
    Q1 2026
    0.2%
    Q2 2026
    0.2%
  • LIBERTY LATIN AMERICA LTD
    not in our list
    0
    Q3 2025
    0.1%
    Q4 2025
    0.1%
    Q1 2026
    0.2%
    Q2 2026
    0.2%
  • BATTALION OIL CORP
    BATLnot in our list
    0
    Q3 2025
    0.1%
    Q4 2025
    0.1%
    Q1 2026
    0.3%
    Q2 2026
    0.1%
  • DPC HOLDINGS LTD
    not in our list
    +$3.7M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.1%
  • SERVICE PROPERTIES TRUST
    not in our list
    +$3.4M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.1%
  • BIOXCEL THERAPEUTICS INC
    BTAIQnot in our list
    +$1.6M
    +472.3%
    Q3 2025
    0.0%
    Q4 2025
    0.0%
    Q1 2026
    0.0%
    Q2 2026
    0.1%
  • NN INC
    NNBRnot in our list
    +$1.8M
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.0%
  • TELECOM ARGENTINA SA
    TEOnot in our list
    -$19.6M
    -92.8%
    Q3 2025
    0.4%
    Q4 2025
    0.6%
    Q1 2026
    0.4%
    Q2 2026
    0.0%
  • CEMEX SAB DE CV
    CXnot in our list
    -$32.0M
    -96.4%
    Q3 2025
    2.0%
    Q4 2025
    1.5%
    Q1 2026
    0.7%
    Q2 2026
    0.0%
  • ALVOTECH SA
    not in our list
    0
    Q3 2025
    0.1%
    Q4 2025
    0.1%
    Q1 2026
    0.0%
    Q2 2026
    0.0%
  • SUNOPTA INC
    STKLnot in our list
    -$113.0M
    -99.6%
    Q3 2025
    2.6%
    Q4 2025
    1.7%
    Q1 2026
    3.1%
    Q2 2026
    0.0%
  • RICE ACQUISITION CORP 3
    not in our list
    0
    Q3 2025
    –
    Q4 2025
    0.0%
    Q1 2026
    0.0%
    Q2 2026
    0.0%
  • ALVOTECH SA
    not in our list
    -$524.2K
    -59.2%
    Q3 2025
    0.3%
    Q4 2025
    0.0%
    Q1 2026
    0.0%
    Q2 2026
    0.0%

Data from 13F filings with the SEC. The 13F lists only US stocks held long: no short positions, foreign stocks not listed in the US or cash. It is filed up to 45 days after the quarter ends and some positions may stay confidential. Purchases and sales are estimates: the difference in shares between two quarters times the quarter-end price.