Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q1 2024)

According to the SEC 13F filed on May 14, 2024, the Oaktree Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2024. 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 2024, the filing reported:

New Buys - Braskem SA, Baidu, Inc., Banco Macro S.A., iShares Inc iShares MSCI Mexico, HDFC Bank Limited, and 7 more

Increases - AngloGold Ashanti, Azul S.A., Alibaba Group Holding Limited, Banco Bradesco Sa, Freeport-McMoRan, Inc., and 8 more

Reductions - , Hims & Hers Health, Inc., ICICI Bank Limited, Alvotech, NMI Holdings Inc, and 3 more

Complete Exits - America Movil, S.A.B. de C.V., FTAI Aviation, Infosys Limited, Liberty Broadband Corporation, Liberty Global, and 3 more

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 2024	AMX America Movil, S.A.B. de C.V.	America Movil, S.A.B. de C.V.	Sell - Position Exit	-2,298,858	-100.0%	$0.00	-
Q1 2024	AU AngloGold Ashanti	AngloGold Ashanti	Buy	+125,100	+2.1%	$133.20M	6,000,051
Q1 2024	AZUL Azul S.A.	Azul S.A.	Buy	+250,000	+15.8%	$14.23M	1,830,850
Q1 2024	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+1,975	+1.6%	$8.85M	122,246
Q1 2024	BAK Braskem SA	Braskem SA	Buy - Position Entry	+2,026,792	-	$21.34M	2,026,792
Q1 2024	BBD Banco Bradesco Sa	Banco Bradesco Sa	Buy	+717,580	+2.1%	$100.24M	35,048,124
Q1 2024	BIDU Baidu, Inc.	Baidu, Inc.	Buy - Position Entry	+422,866	-	$44.52M	422,866
Q1 2024	BMA Banco Macro S.A.	Banco Macro S.A.	Buy - Position Entry	+434,300	-	$20.92M	434,300
Q1 2024	CHK		Sell	-15,983	-0.2%	$620.40M	6,984,084
Q1 2024	EWW iShares Inc iShares MSCI Mexico	iShares Inc iShares MSCI Mexico	Buy - Position Entry	+17,568	-	$1.22M	17,568
Q1 2024	FCX Freeport-McMoRan, Inc.	Freeport-McMoRan, Inc.	Buy	+55,800	+1.9%	$139.82M	2,973,713
Q1 2024	FTAI FTAI Aviation	FTAI Aviation	Sell - Position Exit	-1,167,061	-100.0%	$0.00	-
Q1 2024	HDB HDFC Bank Limited	HDFC Bank Limited	Buy - Position Entry	+26,206	-	$1.47M	26,206
Q1 2024	HIMS Hims & Hers Health, Inc.	Hims & Hers Health, Inc.	Sell	-386,252	-36.7%	$10.32M	666,962
Q1 2024	HTHT H World Group Limited	H World Group Limited	Buy	+134,695	+12.3%	$47.43M	1,225,490
Q1 2024	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-181,073	-6.0%	$75.32M	2,851,796
Q1 2024	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy - Position Entry	+10,945	-	$564.65K	10,945
Q1 2024	INDV Indivior	Indivior	Buy - Position Entry	+3,351,236	-	$71.71M	3,351,236
Q1 2024	INFY Infosys Limited	Infosys Limited	Sell - Position Exit	-3,453,979	-100.0%	$0.00	-
Q1 2024	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+219,179	+2.4%	$65.10M	9,393,251
Q1 2024	JD JD.com, Inc.	JD.com, Inc.	Buy	+45,259	+2.1%	$60.76M	2,218,157
Q1 2024	L01800108 Alvotech	Alvotech	Sell	-2,551,695	-46.8%	$35.43M	2,899,201
Q1 2024	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell - Position Exit	-86,999	-100.0%	$0.00	-
Q1 2024	LBTYA Liberty Global	Liberty Global	Sell - Position Exit	-2,731,000	-100.0%	$0.00	-
Q1 2024	LI Li Auto Inc.	Li Auto Inc.	Buy - Position Entry	+983,320	-	$29.77M	983,320
Q1 2024	LOMA Loma Negra Compania Industrial	Loma Negra Compania Industrial	Sell - Position Exit	-220,403	-100.0%	$0.00	-
Q1 2024	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell - Position Exit	-866,000	-100.0%	$0.00	-
Q1 2024	NMIH NMI Holdings Inc	NMI Holdings Inc	Sell	-3,625,033	-77.4%	$34.21M	1,057,790
Q1 2024	OAKU Oak Woods Acquisition Corporati	Oak Woods Acquisition Corporati	Sell - Position Exit	-90,000	-100.0%	$0.00	-
Q1 2024	PAM Pampa Energia S.A.	Pampa Energia S.A.	Sell	-83,708	-29.1%	$8.79M	203,767

Page 1 of 2