Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q1 2017)

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, 2017. 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 2017, the filing reported:

New Buys - Bank of America, Infosys Limited, Magnachip Semiconductor Corpora, NetEase, Inc., SunOpta, Inc.

Increases - Ambev S.A., Ally Financial Inc., Alibaba Group Holding Limited, Cemex, S.A.B. de C.V. Sponsored, Gerdau S.A., and 5 more

Reductions - First BanCorp. New, Itau Unibanco Banco Holding SA, MGIC Investment Corporation, Vishay Intertechnology, Inc.

Complete Exits - Banc of California, Inc., Baidu, Inc., Fomento Economico Mexicano S.A.

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 2017	ABEV Ambev S.A.	Ambev S.A.	Buy	+613,537	+13.5%	$29.69K	5,157,300
Q1 2017	ALLY Ally Financial Inc.	Ally Financial Inc.	Buy	+135,000	+1.3%	$211.06K	10,381,462
Q1 2017	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+23,782	+3.8%	$69.32K	643,156
Q1 2017	BAC.PRN Bank of America	Bank of America	Buy - Position Entry	+3,500	-	$4.18K	3,500
Q1 2017	BANC Banc of California, Inc.	Banc of California, Inc.	Sell - Position Exit	-568,000	-100.0%	$0.00	-
Q1 2017	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-12,861	-100.0%	$0.00	-
Q1 2017	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+183,227	+2.7%	$62.55K	6,898,566
Q1 2017	FBP First BanCorp. New	First BanCorp. New	Sell	-11,492,515	-36.5%	$113.01K	20,001,066
Q1 2017	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell - Position Exit	-110,056	-100.0%	$0.00	-
Q1 2017	GGB Gerdau S.A.	Gerdau S.A.	Buy	+224,244	+3.7%	$21.58K	6,259,033
Q1 2017	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+231,863	+3.6%	$56.87K	6,616,322
Q1 2017	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy	+1,700	+9.6%	$567.00	19,400
Q1 2017	INFY Infosys Limited	Infosys Limited	Buy - Position Entry	+31,181	-	$478.00	31,181
Q1 2017	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Sell	-101,396	-1.3%	$90.56K	7,506,320
Q1 2017	MLCO Melco Resorts & Entertainment L	Melco Resorts & Entertainment L	Buy	+17,288	+19.1%	$2.00K	107,927
Q1 2017	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-1,228,000	-21.2%	$46.26K	4,567,000
Q1 2017	MX Magnachip Semiconductor Corpora	Magnachip Semiconductor Corpora	Buy - Position Entry	+1,255,275	-	$11.99K	1,255,275
Q1 2017	NTES NetEase, Inc.	NetEase, Inc.	Buy - Position Entry	+42,080	-	$11.95K	42,080
Q1 2017	STKL SunOpta, Inc.	SunOpta, Inc.	Buy - Position Entry	+3,000,000	-	$20.85K	3,000,000
Q1 2017	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+57,389	+1.5%	$124.88K	3,804,736
Q1 2017	VSH Vishay Intertechnology, Inc.	Vishay Intertechnology, Inc.	Sell	-104,633	-8.4%	$18.84K	1,145,367
Q1 2017	Y8162K204 Star Bulk Carriers	Star Bulk Carriers	Buy	+3,360,729	+11.6%	$385.38K	32,439,506