Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q1 2016)

According to the SEC 13F filed on Aug 14, 2026, the Oaktree Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2016. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - NACCO Industries, Inc.

Increases - Ally Financial Inc., Century Communities, Inc., Cemex, S.A.B. de C.V. Sponsored, Nebius Group, NMI Holdings Inc

Reductions - Banc of California, Inc., Vishay Intertechnology, Inc.

Complete Exits - Bank of America, Wells Fargo

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	ALLY Ally Financial Inc.	Ally Financial Inc.	Buy	+1,000,000	+11.6%	$180.28K	9,630,530
Q1 2016	BAC.PRN Bank of America	Bank of America	Sell - Position Exit	-7,000	-100.0%	$0.00	-
Q1 2016	BANC Banc of California, Inc.	Banc of California, Inc.	Sell	-1,012,550	-77.9%	$5.01K	286,594
Q1 2016	CCS Century Communities, Inc.	Century Communities, Inc.	Buy	+115,000	+8.5%	$25.08K	1,469,003
Q1 2016	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+455,000	+7.4%	$37.38K	6,570,759
Q1 2016	NBIS Nebius Group	Nebius Group	Buy	+65,600	+100.2%	$1.00K	131,100
Q1 2016	NC NACCO Industries, Inc.	NACCO Industries, Inc.	Buy - Position Entry	+154,500	-	$8.87K	154,500
Q1 2016	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+150,000	+2.6%	$29.37K	5,816,443
Q1 2016	VSH Vishay Intertechnology, Inc.	Vishay Intertechnology, Inc.	Sell	-260,000	-17.2%	$15.26K	1,250,000
Q1 2016	WFC-L Wells Fargo	Wells Fargo	Sell - Position Exit	-7,602	-100.0%	$0.00	-