Howard Marks - Oaktree Capital Management Portfolio Stock Holdings

Oaktree Capital Management disclosed 137 stock positions valued at approximately $5.6 billion in its latest SEC 13F filing. The largest holdings include TORM PLC, EXPAND ENERGY CORP, and ANGLOGOLD ASHANTI PLC. The filing reflects positions held as of March 31, 2026 and was filed on May 15, 2026.

Report Period
March 31, 2026
No. of Stocks
137
Portfolio Value
$5.6B
Holdings by Sector
Oaktree Capital Management Portfolio Holdings in Q1 2026

43 holdings in the latest reporting period.

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CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
TORM PLCTRMDOther11.98%23,839,575-2,585,484-9.78%$675,076,008
EXPAND ENERGY CORPCHKEnergy10.21%5,237,477+175,114+3.46%$574,970,225
ANGLOGOLD ASHANTI PLCAUOther5.57%3,223,092-624,899-16.24%$313,800,237
GARRETT MOTION INCGTXConsumer Cyclical4.71%14,594,816-2,500,000-14.62%$265,187,806
TELEPHONE AND DATA SYSTEMS INCTDSCommunication Services3.21%4,292,243+603,857+16.37%$180,703,430
CORE SCIENTIFIC INCCORZTechnology2.48%9,400,708+1,050,000+12.57%$139,896,591
SUNOPTA INCSTKLConsumer Defensive2.38%20,726,126--$134,230,239
PETROLEO BRASILEIRO SA - PETROBRASPBREnergy2.24%6,089,413+3,429,921+128.97%$126,355,319
BARRICK MINING CORPBOther1.90%2,624,859-350,259-11.77%$107,067,998
TALEN ENERGY CORPTLNOther1.88%331,117--$105,702,479
LIBERTY GLOBAL LTDLBTYAOther1.84%8,551,191--$103,383,899
ITAU UNIBANCO HOLDING SAITUBFinancial Services1.81%12,188,995-1,633,752-11.82%$102,143,786
NOKIA OYJNOKTechnology1.60%11,200,308-7,551,921-40.27%$90,050,476
TRANSALTA CORPTACUtilities1.49%6,415,253--$84,077,945
CBL & ASSOCIATES PROPERTIES INCCBLReal Estate1.47%2,153,717-363,859-14.45%$82,767,382
FREEPORT-MCMORAN INCFCXBasic Materials1.27%1,220,122-169,931-12.22%$71,718,771
XP INCXPOther1.07%3,172,009-148,150-4.46%$60,395,051
BAUSCH LOMB CORPBLCOHealthcare0.95%3,382,739--$53,785,550
KILROY REALTY CORPKRCReal Estate0.93%1,850,011--$52,188,810
LIBERTY LATIN AMERICA LTDLILAKCommunication Services0.90%5,748,780--$50,704,239
CREDO TECHNOLOGY GROUP HOLDING LTDG25457105Other0.90%539,000+539,000+100.00%$50,595,930
RUNWAY GROWTH FINANCE CORPRWAYFinancial Services0.86%7,029,667--$48,293,821
YPF SAYPFEnergy0.73%886,465+562,135+173.32%$40,972,412
ARRAY DIGITAL INFRASTRUCTURE INCUSMCommunication Services0.59%724,444--$33,425,846
CEMEX SAB DE CVCXBasic Materials0.56%2,763,083-2,986,241-51.94%$31,609,669
ECOVYST INCECVTBasic Materials0.55%2,393,791-1,860,712-43.74%$30,784,152
EMBRAER SAERJIndustrials0.47%447,606+447,606+100.00%$26,560,940
TERNIUM SATXBasic Materials0.42%582,924-75,641-11.49%$23,404,398
OAKTREE SPECIALTY LENDING CORPOCSLFinancial Services0.37%1,852,456--$20,932,752
TELECOM ARGENTINA SATEOCommunication Services0.34%1,622,244-725,264-30.90%$18,964,032
SIMPLY GOOD FOODS CO/THESMPLConsumer Defensive0.29%1,128,889+1,128,889+100.00%$16,199,557
BATTALION OIL CORPBATLEnergy0.21%3,009,912--$11,738,656
SMARTRENT INCSMRTTechnology0.20%7,505,294--$11,257,942
OPTIMUM COMMUNICATIONS INCATUSCommunication Services0.17%7,330,490-169,510-2.26%$9,529,637
MAGNACHIP SEMICONDUCTOR CORPMXTechnology0.14%2,849,858--$7,979,602
LIBERTY LATIN AMERICA LTDLILACommunication Services0.13%839,020--$7,249,132
NRG ENERGY INCNRGUtilities0.13%49,028-663,972-93.12%$7,164,951
INVESCO SENIOR INCOME TRUSTBKLNOther0.07%200,020+200,020+100.00%$4,082,408
HDFC BANK LTDHDBFinancial Services0.05%114,261-16,180-12.40%$2,842,813
ALVOTECH SAL01800116Other0.02%4,669,508+2,841+0.06%$1,332,056
PDD HOLDINGS INCPDDConsumer Cyclical0.01%4,823-272,944-98.26%$492,814
ALVOTECH SAL01800108Other0.01%97,982-435,674-81.64%$336,078
BIOXCEL THERAPEUTICS INCBTAIOther0.01%241,188--$323,193
Oaktree Capital Management Options Holdings in Q1 2026

5 options positions in the latest reporting period.

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QuarterSymbolCompanyOptionContractsNotional Value
Q1 2026QQQInvesco QQQ Trust, Series 1PUT570,000$328,992,600
Q1 2026XOPSPDR S&P Oil & Gas Explor & ProPUT1,000,000$181,830,000
Q1 2026CORZCore Scientific, Inc.CALL3,500,000$52,360,000
Q1 2026TLNTalen EnergyCALL150,000$47,884,500
Q1 2026LYBLyondellBasellPUT500,000$40,280,000

Notional value represents the total exposure of the options position.