Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q3 2014)

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 Sep 30, 2014. 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 Q3 2014, the filing reported:

New Buys - ICICI Bank Limited, Itau Unibanco Banco Holding SA, Nebius Group, NMI Holdings Inc, Par Pacific Holdings, Inc. Comm, and 2 more

Increases - Ally Financial Inc., BRF S.A., Cemex, S.A.B. de C.V. Sponsored, JD.com, Inc., MGIC Investment Corporation, and 3 more

Reductions - American International Group, I, Bank of America, Grupo Televisa S.A.B., Wells Fargo

Complete Exits - Ambev 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
Q3 2014	ABEV Ambev S.A.	Ambev S.A.	Sell - Position Exit	-3,395,805	-100.0%	$0.00	-
Q3 2014	AIG American International Group, I	American International Group, I	Sell	-385,000	-41.4%	$29.39K	544,100
Q3 2014	ALLY Ally Financial Inc.	Ally Financial Inc.	Buy	+262,800	+3.3%	$191.04K	8,256,030
Q3 2014	BAC.PRN Bank of America	Bank of America	Sell	-2,500	-14.8%	$16.51K	14,400
Q3 2014	BRFS BRF S.A.	BRF S.A.	Buy	+304,300	+27.1%	$33.98K	1,428,500
Q3 2014	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+934,100	+31.1%	$51.36K	3,938,637
Q3 2014	IBN ICICI Bank Limited	ICICI Bank Limited	Buy - Position Entry	+511,615	-	$25.12K	511,615
Q3 2014	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy - Position Entry	+1,855,600	-	$25.76K	1,855,600
Q3 2014	JD JD.com, Inc.	JD.com, Inc.	Buy	+140,140	+14.2%	$29.16K	1,129,150
Q3 2014	MTG MGIC Investment Corporation	MGIC Investment Corporation	Buy	+1,525,800	+13.4%	$100.95K	12,925,800
Q3 2014	NBIS Nebius Group	Nebius Group	Buy - Position Entry	+961,100	-	$26.71K	961,100
Q3 2014	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy - Position Entry	+600,300	-	$5.19K	600,300
Q3 2014	PARR Par Pacific Holdings, Inc. Comm	Par Pacific Holdings, Inc. Comm	Buy - Position Entry	+190,862	-	$3.22K	190,862
Q3 2014	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+761,800	+13.7%	$89.48K	6,305,991
Q3 2014	QUAD Quad Graphics, Inc	Quad Graphics, Inc	Buy - Position Entry	+44,931	-	$864.00	44,931
Q3 2014	TEO Telecom Argentina SA	Telecom Argentina SA	Buy	+9,000	+1.8%	$10.55K	519,851
Q3 2014	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+1,176,700	+36.3%	$89.10K	4,415,484
Q3 2014	TSQ Townsquare Media, Inc.	Townsquare Media, Inc.	Buy - Position Entry	+1,595,224	-	$19.17K	1,595,224
Q3 2014	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Sell	-13,100	-1.2%	$35.28K	1,041,410
Q3 2014	WFC-L Wells Fargo	Wells Fargo	Sell	-2,500	-13.7%	$18.94K	15,750