Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q3 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 Sep 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 Q3 2016, the filing reported:

New Buys - Alibaba Group Holding Limited, Baidu, Inc., Fomento Economico Mexicano S.A., Kinder Morgan, Inc., Melco Resorts & Entertainment L

Increases - Cemex, S.A.B. de C.V. Sponsored, ICICI Bank Limited, VALE S.A., Star Bulk Carriers

Reductions - Ambev S.A., Banner Corporation, Gerdau S.A., Itau Unibanco Banco Holding SA, Taiwan Semiconductor Manufactur

Complete Exits - BRF S.A., Banco Santander - Chile, Ishares MSCI India ETF, Infosys Limited, JD.com, Inc., and 2 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
Q3 2016	ABEV Ambev S.A.	Ambev S.A.	Sell	-910,242	-19.6%	$22.69K	3,727,958
Q3 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy - Position Entry	+560,148	-	$59.24K	560,148
Q3 2016	BANR Banner Corporation	Banner Corporation	Sell	-125,705	-4.8%	$108.18K	2,473,283
Q3 2016	BIDU Baidu, Inc.	Baidu, Inc.	Buy - Position Entry	+8,214	-	$1.50K	8,214
Q3 2016	BRFS BRF S.A.	BRF S.A.	Sell - Position Exit	-1,922,699	-100.0%	$0.00	-
Q3 2016	BSAC Banco Santander - Chile	Banco Santander - Chile	Sell - Position Exit	-869,282	-100.0%	$0.00	-
Q3 2016	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+14,525	+0.2%	$53.87K	6,786,681
Q3 2016	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Buy - Position Entry	+250,143	-	$23.01K	250,143
Q3 2016	GGB Gerdau S.A.	Gerdau S.A.	Sell	-1,647,364	-17.3%	$21.36K	7,854,363
Q3 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+1,771,941	+42.8%	$44.15K	5,912,417
Q3 2016	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Sell - Position Exit	-25,900	-100.0%	$0.00	-
Q3 2016	INFY Infosys Limited	Infosys Limited	Sell - Position Exit	-215,600	-100.0%	$0.00	-
Q3 2016	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Sell	-276,629	-4.1%	$70.59K	6,455,046
Q3 2016	JD JD.com, Inc.	JD.com, Inc.	Sell - Position Exit	-1,156,960	-100.0%	$0.00	-
Q3 2016	KMI Kinder Morgan, Inc.	Kinder Morgan, Inc.	Buy - Position Entry	+908,699	-	$21.02K	908,699
Q3 2016	MLCO Melco Resorts & Entertainment L	Melco Resorts & Entertainment L	Buy - Position Entry	+132,423	-	$2.13K	132,423
Q3 2016	NGVT Ingevity Corporation	Ingevity Corporation	Sell - Position Exit	-261,810	-100.0%	$0.00	-
Q3 2016	TEO Telecom Argentina SA	Telecom Argentina SA	Sell - Position Exit	-558,151	-100.0%	$0.00	-
Q3 2016	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-948,559	-21.8%	$103.92K	3,398,797
Q3 2016	VALE VALE S.A.	VALE S.A.	Buy	+700,000	+128.0%	$6.86K	1,247,000
Q3 2016	Y8162K204 Star Bulk Carriers	Star Bulk Carriers	Buy	+6,217,979	+27.2%	$132.02K	29,078,777