Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q2 2015)

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 Jun 30, 2015. 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 Q2 2015, the filing reported:

New Buys - iShares MSCI Emerging Index Fun, YPF Sociedad Anonima

Increases - BRF S.A., Banco Santander - Chile, Comp En De Mn Cemig, Cemex, S.A.B. de C.V. Sponsored, Itau Unibanco Banco Holding SA, and 5 more

Reductions - Ally Financial Inc., Banc of California, Inc., Banco Bradesco Sa, Getty Realty Corporation, ICICI Bank Limited, and 5 more

Complete Exits - Alibaba Group Holding Limited, Baidu, Inc.

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
Q2 2015	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell	-560,000	-5.9%	$201.95K	9,003,530
Q2 2015	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-345,000	-100.0%	$0.00	-
Q2 2015	BANC Banc of California, Inc.	Banc of California, Inc.	Sell	-429,245	-13.1%	$39.32K	2,859,702
Q2 2015	BBD Banco Bradesco Sa	Banco Bradesco Sa	Sell	-11,000	-4.3%	$2.24K	244,360
Q2 2015	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-127,837	-100.0%	$0.00	-
Q2 2015	BRFS BRF S.A.	BRF S.A.	Buy	+276,800	+10.7%	$59.94K	2,866,446
Q2 2015	BSAC Banco Santander - Chile	Banco Santander - Chile	Buy	+472,693	+115.3%	$17.88K	882,768
Q2 2015	CIG Comp En De Mn Cemig	Comp En De Mn Cemig	Buy	+14,300	+0.2%	$26.40K	6,929,863
Q2 2015	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+384,350	+6.6%	$56.91K	6,212,533
Q2 2015	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Buy - Position Entry	+38,000	-	$1.51K	38,000
Q2 2015	GTY Getty Realty Corporation	Getty Realty Corporation	Sell	-99,405	-11.1%	$12.97K	793,091
Q2 2015	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-823,700	-16.3%	$44.05K	4,227,943
Q2 2015	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+646,700	+14.4%	$56.40K	5,150,534
Q2 2015	JD JD.com, Inc.	JD.com, Inc.	Sell	-305,400	-21.2%	$38.67K	1,134,102
Q2 2015	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-1,000,000	-10.0%	$102.76K	9,030,000
Q2 2015	NBIS Nebius Group	Nebius Group	Buy	+1,591,500	+2429.8%	$25.22K	1,657,000
Q2 2015	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+1,647,434	+44.3%	$43.02K	5,364,208
Q2 2015	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+92,900	+1.2%	$68.40K	7,558,156
Q2 2015	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Sell	-264,300	-48.1%	$2.32K	284,800
Q2 2015	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+575,800	+14.5%	$103.07K	4,538,487
Q2 2015	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Buy	+34,200	+2.6%	$52.76K	1,359,026
Q2 2015	TX Ternium S.A. Ternium S.A.	Ternium S.A. Ternium S.A.	Sell	-17,700	-14.6%	$1.79K	103,500
Q2 2015	WFC-L Wells Fargo	Wells Fargo	Sell	-600	-6.2%	$10.64K	9,058
Q2 2015	YPF YPF Sociedad Anonima	YPF Sociedad Anonima	Buy - Position Entry	+465,365	-	$12.77K	465,365