Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q2 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 Jun 30, 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 Q2 2016, the filing reported:

New Buys - Ambev S.A., Ingevity Corporation, Star Bulk Carriers

Increases - Ally Financial Inc., Cemex, S.A.B. de C.V. Sponsored, Gerdau S.A., Itau Unibanco Banco Holding SA, NACCO Industries, Inc., and 2 more

Reductions - BRF S.A., Banco Santander - Chile, ICICI Bank Limited, Ishares MSCI India ETF, Infosys Limited, and 3 more

Complete Exits - Banc of California, Inc., Petroleo Brasileiro S.A.- Petro, Ternium S.A. Ternium S.A., YPF Sociedad Anonima

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 2016	ABEV Ambev S.A.	Ambev S.A.	Buy - Position Entry	+4,638,200	-	$24.03K	4,638,200
Q2 2016	ALLY Ally Financial Inc.	Ally Financial Inc.	Buy	+770,932	+8.0%	$177.55K	10,401,462
Q2 2016	BANC Banc of California, Inc.	Banc of California, Inc.	Sell - Position Exit	-286,594	-100.0%	$0.00	-
Q2 2016	BRFS BRF S.A.	BRF S.A.	Sell	-902,500	-31.9%	$27.34K	1,922,699
Q2 2016	BSAC Banco Santander - Chile	Banco Santander - Chile	Sell	-800	-0.1%	$16.82K	869,282
Q2 2016	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+201,397	+3.1%	$48.53K	6,772,156
Q2 2016	GGB Gerdau S.A.	Gerdau S.A.	Buy	+699,822	+8.0%	$16.91K	9,501,727
Q2 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-4,400	-0.1%	$29.65K	4,140,476
Q2 2016	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Sell	-3,100	-10.7%	$702.00	25,900
Q2 2016	INFY Infosys Limited	Infosys Limited	Sell	-3,600	-1.6%	$4.10K	215,600
Q2 2016	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+516,500	+8.3%	$57.83K	6,731,675
Q2 2016	JD JD.com, Inc.	JD.com, Inc.	Sell	-286,700	-19.9%	$30.66K	1,156,960
Q2 2016	NBIS Nebius Group	Nebius Group	Sell	-65,600	-50.0%	$1.43K	65,500
Q2 2016	NC NACCO Industries, Inc.	NACCO Industries, Inc.	Buy	+10,000	+6.5%	$9.21K	164,500
Q2 2016	NGVT Ingevity Corporation	Ingevity Corporation	Buy - Position Entry	+261,810	-	$8.91K	261,810
Q2 2016	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Sell - Position Exit	-9,258,683	-100.0%	$0.00	-
Q2 2016	TEO Telecom Argentina SA	Telecom Argentina SA	Buy	+38,300	+7.4%	$10.23K	558,151
Q2 2016	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-113,000	-2.5%	$113.90K	4,347,356
Q2 2016	TX Ternium S.A. Ternium S.A.	Ternium S.A. Ternium S.A.	Sell - Position Exit	-103,500	-100.0%	$0.00	-
Q2 2016	VALE VALE S.A.	VALE S.A.	Buy	+226,700	+70.8%	$2.77K	547,000
Q2 2016	Y8162K204 Star Bulk Carriers	Star Bulk Carriers	Buy - Position Entry	+22,860,798	-	$67.67K	22,860,798
Q2 2016	YPF YPF Sociedad Anonima	YPF Sociedad Anonima	Sell - Position Exit	-786,136	-100.0%	$0.00	-