Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q3 2024)

According to the SEC 13F filed on Nov 14, 2024, the Oaktree Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2024. 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 2024, the filing reported:

New Buys - KANZHUN LIMITED - American Depo, California Resources Corporatio, DAQO New Energy Corp., EnLink Midstream, LLC, Infosys Limited, and 5 more

Increases - Altice USA, Inc., Alibaba Group Holding Limited, Braskem SA, Freeport-McMoRan, Inc., HDFC Bank Limited, and 7 more

Reductions - AngloGold Ashanti, Banco Bradesco Sa, H World Group Limited, JD.com, Inc., Petroleo Brasileiro S.A.- Petro, and 6 more

Complete Exits - Azul S.A., Gerdau S.A., Star Holdings - Shares of Benef

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 2024	ATUS Altice USA, Inc.	Altice USA, Inc.	Buy	+1,560,940	+26.3%	$18.45M	7,500,000
Q3 2024	AU AngloGold Ashanti	AngloGold Ashanti	Sell	-671,437	-10.6%	$150.66M	5,657,451
Q3 2024	AZUL Azul S.A.	Azul S.A.	Sell - Position Exit	-2,445,850	-100.0%	$0.00	-
Q3 2024	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+102,144	+83.3%	$23.85M	224,719
Q3 2024	BAK Braskem SA	Braskem SA	Buy	+48,524	+2.0%	$18.29M	2,491,792
Q3 2024	BBD Banco Bradesco Sa	Banco Bradesco Sa	Sell	-20,697,066	-59.5%	$37.55M	14,114,711
Q3 2024	BZ KANZHUN LIMITED - American Depo	KANZHUN LIMITED - American Depo	Buy - Position Entry	+2,011,574	-	$34.92M	2,011,574
Q3 2024	CRC California Resources Corporatio	California Resources Corporatio	Buy - Position Entry	+2,046,753	-	$107.39M	2,046,753
Q3 2024	DQ DAQO New Energy Corp.	DAQO New Energy Corp.	Buy - Position Entry	+604,939	-	$12.32M	604,939
Q3 2024	ENLC EnLink Midstream, LLC	EnLink Midstream, LLC	Buy - Position Entry	+2,525,098	-	$36.64M	2,525,098
Q3 2024	FCX Freeport-McMoRan, Inc.	Freeport-McMoRan, Inc.	Buy	+7,332	+0.3%	$121.07M	2,425,239
Q3 2024	GGB Gerdau S.A.	Gerdau S.A.	Sell - Position Exit	-5,888,855	-100.0%	$0.00	-
Q3 2024	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+1,562	+3.0%	$3.38M	54,040
Q3 2024	HTHT H World Group Limited	H World Group Limited	Sell	-124,541	-9.6%	$43.44M	1,167,869
Q3 2024	INDV Indivior	Indivior	Buy	+5,028,807	+111.9%	$94.07M	9,521,980
Q3 2024	INFY Infosys Limited	Infosys Limited	Buy - Position Entry	+1,711,512	-	$38.12M	1,711,512
Q3 2024	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+2,430,241	+36.6%	$60.36M	9,076,407
Q3 2024	JD JD.com, Inc.	JD.com, Inc.	Sell	-1,060,487	-37.6%	$70.41M	1,760,208
Q3 2024	LBTYA Liberty Global	Liberty Global	Buy	+2,171,621	+57.1%	$126.10M	5,973,258
Q3 2024	NTES NetEase, Inc.	NetEase, Inc.	Buy - Position Entry	+232,594	-	$21.75M	232,594
Q3 2024	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Sell	-437,181	-9.7%	$58.64M	4,069,272
Q3 2024	PDD PDD Holdings Inc.	PDD Holdings Inc.	Buy - Position Entry	+283,267	-	$38.19M	283,267
Q3 2024	STHO Star Holdings - Shares of Benef	Star Holdings - Shares of Benef	Sell - Position Exit	-966,868	-100.0%	$0.00	-
Q3 2024	TCOM Trip.com Group Limited	Trip.com Group Limited	Buy	+205,878	+35.2%	$47.04M	791,523
Q3 2024	TEO Telecom Argentina SA	Telecom Argentina SA	Buy	+60,000	+2.0%	$23.22M	3,079,088
Q3 2024	TGS Transportadora de Gas del Sur S	Transportadora de Gas del Sur S	Sell	-50,000	-5.1%	$16.93M	923,183
Q3 2024	TLN Talen Energy	Talen Energy	Buy - Position Entry	+696,676	-	$124.18M	696,676
Q3 2024	TPIC TPI Composites, Inc.	TPI Composites, Inc.	Buy	+9,361	+0.2%	$20.98M	4,610,003
Q3 2024	TRMD TORM	TORM	Sell	-3,528,866	-8.0%	$1.38B	40,581,120
Q3 2024	TX Ternium S.A. Ternium S.A.	Ternium S.A. Ternium S.A.	Sell	-89,431	-9.6%	$31.19M	844,909

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