Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q3 2017)

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, 2017. 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 2017, the filing reported:

New Buys - None reported

Increases - Ambev S.A., Azul S.A., Alibaba Group Holding Limited, BRF S.A., ICICI Bank Limited, and 9 more

Reductions - Ally Financial Inc., Cemex, S.A.B. de C.V. Sponsored, First BanCorp. New, Gerdau S.A., Vishay Intertechnology, Inc., and 1 more

Complete Exits - Warrior Met Coal, Inc., NACCO Industries, Inc., Par Pacific Holdings, Inc. Comm

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 2017	ABEV Ambev S.A.	Ambev S.A.	Buy	+271,009	+5.2%	$36.03K	5,466,785
Q3 2017	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell	-488,162	-4.7%	$240.01K	9,893,300
Q3 2017	AZUL Azul S.A.	Azul S.A.	Buy	+169,100	+17.2%	$31.70K	1,154,741
Q3 2017	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+35,066	+5.4%	$117.85K	682,345
Q3 2017	BRFS BRF S.A.	BRF S.A.	Buy	+574,437	+23.1%	$44.14K	3,062,998
Q3 2017	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Sell	-1,866,165	-25.5%	$49.53K	5,454,646
Q3 2017	FBP First BanCorp. New	First BanCorp. New	Sell	-9,966,341	-49.8%	$51.38K	10,034,725
Q3 2017	GGB Gerdau S.A.	Gerdau S.A.	Sell	-2,266,791	-31.2%	$17.17K	5,005,057
Q3 2017	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell - Position Exit	-243,100	-100.0%	$0.00	-
Q3 2017	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+391,464	+5.4%	$65.63K	7,667,330
Q3 2017	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy	+2,100	+10.4%	$730.00	22,200
Q3 2017	INFY Infosys Limited	Infosys Limited	Buy	+1,077	+3.5%	$463.00	31,701
Q3 2017	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+418,711	+4.7%	$126.59K	9,240,139
Q3 2017	MX Magnachip Semiconductor Corpora	Magnachip Semiconductor Corpora	Buy	+725,000	+44.9%	$26.56K	2,340,000
Q3 2017	NC NACCO Industries, Inc.	NACCO Industries, Inc.	Sell - Position Exit	-46,370	-100.0%	$0.00	-
Q3 2017	PARR Par Pacific Holdings, Inc. Comm	Par Pacific Holdings, Inc. Comm	Sell - Position Exit	-190,862	-100.0%	$0.00	-
Q3 2017	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+304,766	+5.5%	$56.09K	5,805,863
Q3 2017	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+212,375	+5.5%	$151.98K	4,047,500
Q3 2017	VALE VALE S.A.	VALE S.A.	Buy	+7,700,993	+576.0%	$91.01K	9,037,993
Q3 2017	VSH Vishay Intertechnology, Inc.	Vishay Intertechnology, Inc.	Sell	-265,367	-23.2%	$16.54K	880,000
Q3 2017	VST Vistra Corp.	Vistra Corp.	Sell	-39,926	-0.1%	$939.74K	50,280,227
Q3 2017	WFC-L Wells Fargo	Wells Fargo	Buy	+1,250	+4.3%	$40.32K	30,659
Q3 2017	Y8162K204 Star Bulk Carriers	Star Bulk Carriers	Buy	+140,000	+0.4%	$316.35K	32,579,506