Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q1 2018)

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, 2018. 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 2018, the filing reported:

New Buys - Bel Fuse Inc., Lear Corporation, VICI Properties Inc.

Increases - Ambev S.A., Alibaba Group Holding Limited, ICICI Bank Limited, Ishares MSCI India ETF, Infosys Limited, and 1 more

Reductions - Ally Financial Inc., Azul S.A., Bank of America, BRF S.A., Itau Unibanco Banco Holding SA, and 7 more

Complete Exits - Cemex, S.A.B. de C.V. Sponsored, First BanCorp. New, Grupo Televisa S.A.B.

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 2018	ABEV Ambev S.A.	Ambev S.A.	Buy	+135,675	+2.5%	$41.03K	5,643,716
Q1 2018	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell	-1,047,600	-10.7%	$236.54K	8,712,400
Q1 2018	AZUL Azul S.A.	Azul S.A.	Sell	-98,667	-8.4%	$37.17K	1,069,674
Q1 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+15,103	+3.1%	$92.93K	506,330
Q1 2018	BAC.PRN Bank of America	Bank of America	Sell	-5,700	-55.3%	$5.93K	4,600
Q1 2018	BELFB Bel Fuse Inc.	Bel Fuse Inc.	Buy - Position Entry	+112,327	-	$2.12K	112,327
Q1 2018	BRFS BRF S.A.	BRF S.A.	Sell	-380,517	-9.6%	$24.89K	3,597,257
Q1 2018	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Sell - Position Exit	-3,990,115	-100.0%	$0.00	-
Q1 2018	FBP First BanCorp. New	First BanCorp. New	Sell - Position Exit	-9,334,725	-100.0%	$0.00	-
Q1 2018	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+161,684	+1.8%	$79.35K	8,966,000
Q1 2018	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy	+2,000	+7.8%	$938.00	27,500
Q1 2018	INFY Infosys Limited	Infosys Limited	Buy	+680,153	+23.7%	$63.31K	3,546,753
Q1 2018	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Sell	-1,213,619	-13.1%	$125.13K	8,021,072
Q1 2018	LEA Lear Corporation	Lear Corporation	Buy - Position Entry	+15,312	-	$2.84K	15,312
Q1 2018	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-300,000	-60.0%	$2.60K	200,000
Q1 2018	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Sell	-12,181	-4.9%	$3.31K	233,980
Q1 2018	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+1,009,832	+17.2%	$89.50K	6,889,922
Q1 2018	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Sell	-507,493	-32.6%	$22.54K	1,050,000
Q1 2018	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-660,915	-18.5%	$127.14K	2,905,441
Q1 2018	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Sell - Position Exit	-1,529,453	-100.0%	$0.00	-
Q1 2018	VALE VALE S.A.	VALE S.A.	Sell	-5,978,716	-63.5%	$43.66K	3,432,680
Q1 2018	VICI VICI Properties Inc.	VICI Properties Inc.	Buy - Position Entry	+6,781,234	-	$124.23K	6,781,234
Q1 2018	VST Vistra Corp.	Vistra Corp.	Sell	-1,841,415	-3.7%	$1.01M	48,438,812
Q1 2018	WFC-L Wells Fargo	Wells Fargo	Sell	-10,900	-34.0%	$27.32K	21,177