Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, the Oaktree Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 2018, the filing reported:

New Buys - Banco Bradesco Sa, Cumulus Media Inc., Farmland Partners Inc., NXP Semiconductors, Pampa Energia S.A., and 5 more

Increases - Azul S.A., Bel Fuse Inc., BRF S.A., Cemex, S.A.B. de C.V. Sponsored, ICICI Bank Limited, and 6 more

Reductions - Bank of America, Ishares MSCI India ETF, Itau Unibanco Banco Holding SA, Petroleo Brasileiro S.A.- Petro, VICI Properties Inc., and 2 more

Complete Exits - Banco Macro S.A., Rayonier Advanced Materials Inc, VanEck Semiconductor ETF, SPDR S&P 500

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 2018	AZUL Azul S.A.	Azul S.A.	Buy	+118,442	+6.7%	$33.33K	1,873,216
Q3 2018	BAC.PRN Bank of America	Bank of America	Sell	-1,000	-11.6%	$9.84K	7,600
Q3 2018	BBD Banco Bradesco Sa	Banco Bradesco Sa	Buy - Position Entry	+3,936,583	-	$27.87K	3,936,583
Q3 2018	BELFA Bel Fuse Inc.	Bel Fuse Inc.	Buy	+50,751	+243.3%	$1.59K	71,613
Q3 2018	BMA Banco Macro S.A.	Banco Macro S.A.	Sell - Position Exit	-22,306	-100.0%	$0.00	-
Q3 2018	BRFS BRF S.A.	BRF S.A.	Buy	+781,654	+18.0%	$28.04K	5,117,302
Q3 2018	CMLS Cumulus Media Inc.	Cumulus Media Inc.	Buy - Position Entry	+42,075	-	$716.00	42,075
Q3 2018	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+2,639,560	+121.7%	$33.85K	4,808,700
Q3 2018	FPI Farmland Partners Inc.	Farmland Partners Inc.	Buy - Position Entry	+322,142	-	$2.16K	322,142
Q3 2018	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+792,833	+8.1%	$89.44K	10,534,345
Q3 2018	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Sell	-900	-2.8%	$1.03K	31,700
Q3 2018	INFY Infosys Limited	Infosys Limited	Buy	+783,135	+20.2%	$47.35K	4,655,979
Q3 2018	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Sell	-1,592,894	-17.4%	$82.76K	7,536,959
Q3 2018	N6596X109 NXP Semiconductors	NXP Semiconductors	Buy - Position Entry	+166,000	-	$14.19K	166,000
Q3 2018	PAM Pampa Energia S.A.	Pampa Energia S.A.	Buy - Position Entry	+240,000	-	$7.45K	240,000
Q3 2018	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Sell	-985,668	-10.8%	$85.10K	8,135,360
Q3 2018	PCG Pacific Gas & Electric Co.	Pacific Gas & Electric Co.	Buy	+715,000	+143.0%	$55.90K	1,215,000
Q3 2018	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q3 2018	SIGA SIGA Technologies Inc.	SIGA Technologies Inc.	Buy	+527,886	+703.8%	$4.16K	602,886
Q3 2018	SMCI Super Micro Computer, Inc.	Super Micro Computer, Inc.	Buy - Position Entry	+1,500,000	-	$30.91K	1,500,000
Q3 2018	SMH VanEck Semiconductor ETF	VanEck Semiconductor ETF	Sell - Position Exit	-700,000	-100.0%	$0.00	-
Q3 2018	SPY SPDR S&P 500	SPDR S&P 500	Sell - Position Exit	-2,306,500	-100.0%	$0.00	-
Q3 2018	TEO Telecom Argentina SA	Telecom Argentina SA	Buy	+471,500	+195.6%	$12.41K	712,500
Q3 2018	TGS Transportadora de Gas del Sur S	Transportadora de Gas del Sur S	Buy - Position Entry	+320,000	-	$4.65K	320,000
Q3 2018	TRMD TORM	TORM	Buy - Position Entry	+47,600,172	-	$285.81K	47,600,172
Q3 2018	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+424,923	+13.3%	$160.12K	3,625,809
Q3 2018	VALE VALE S.A.	VALE S.A.	Buy	+820,722	+33.1%	$49.01K	3,302,681
Q3 2018	VICI VICI Properties Inc.	VICI Properties Inc.	Sell	-303,543	-7.8%	$77.32K	3,576,319
Q3 2018	VST Vistra Corp.	Vistra Corp.	Sell	-8,837,694	-19.8%	$888.60K	35,715,343
Q3 2018	WB Weibo Corporation	Weibo Corporation	Buy - Position Entry	+406,600	-	$29.73K	406,600

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