Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q4 2014)

As of Dec 31, 2014, 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 Q4 2014, the filing reported:

New Buys - Banc of California, Inc., Baidu, Inc., Century Communities, Inc., Petroleo Brasileiro S.A.- Petro, Ternium S.A. Ternium S.A.

Increases - Ally Financial Inc., BRF S.A., Cemex, S.A.B. de C.V. Sponsored, ICICI Bank Limited, Itau Unibanco Banco Holding SA, and 5 more

Reductions - American International Group, I, Bank of America, Getty Realty Corporation, MGIC Investment Corporation, Nebius Group, and 3 more

Complete Exits - NetApp, Inc., Quad Graphics, Inc

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
Q4 2014	AIG American International Group, I	American International Group, I	Sell	-500,000	-91.9%	$2.47K	44,100
Q4 2014	ALLY Ally Financial Inc.	Ally Financial Inc.	Buy	+1,072,500	+13.0%	$220.34K	9,328,530
Q4 2014	BAC.PRN Bank of America	Bank of America	Sell	-9,400	-65.3%	$5.82K	5,000
Q4 2014	BANC Banc of California, Inc.	Banc of California, Inc.	Buy - Position Entry	+3,288,947	-	$37.72K	3,288,947
Q4 2014	BIDU Baidu, Inc.	Baidu, Inc.	Buy - Position Entry	+138,429	-	$31.56K	138,429
Q4 2014	BRFS BRF S.A.	BRF S.A.	Buy	+864,213	+60.5%	$53.53K	2,292,713
Q4 2014	CCS Century Communities, Inc.	Century Communities, Inc.	Buy - Position Entry	+1,022,980	-	$17.68K	1,022,980
Q4 2014	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+442,400	+11.2%	$44.64K	4,381,037
Q4 2014	GTY Getty Realty Corporation	Getty Realty Corporation	Sell	-91,902	-6.5%	$24.23K	1,330,319
Q4 2014	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+3,519,553	+687.9%	$46.56K	4,031,168
Q4 2014	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+2,131,269	+114.9%	$51.87K	3,986,869
Q4 2014	JD JD.com, Inc.	JD.com, Inc.	Buy	+232,400	+20.6%	$31.51K	1,361,550
Q4 2014	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-2,220,600	-17.2%	$99.77K	10,705,200
Q4 2014	NBIS Nebius Group	Nebius Group	Sell	-895,600	-93.2%	$1.18K	65,500
Q4 2014	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+2,088,780	+348.0%	$24.55K	2,689,080
Q4 2014	NRG NRG Energy, Inc.	NRG Energy, Inc.	Sell	-612,000	-46.2%	$19.21K	713,000
Q4 2014	NTAP NetApp, Inc.	NetApp, Inc.	Sell - Position Exit	-490,000	-100.0%	$0.00	-
Q4 2014	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+242,854	+3.9%	$47.81K	6,548,845
Q4 2014	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy - Position Entry	+460,200	-	$3.49K	460,200
Q4 2014	QUAD Quad Graphics, Inc	Quad Graphics, Inc	Sell - Position Exit	-44,931	-100.0%	$0.00	-
Q4 2014	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+472,300	+10.7%	$109.39K	4,887,784
Q4 2014	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Buy	+119,300	+11.5%	$39.53K	1,160,710
Q4 2014	TX Ternium S.A. Ternium S.A.	Ternium S.A. Ternium S.A.	Buy - Position Entry	+121,200	-	$2.14K	121,200
Q4 2014	VSH Vishay Intertechnology, Inc.	Vishay Intertechnology, Inc.	Sell	-575,000	-20.9%	$30.78K	2,175,000
Q4 2014	WFC-L Wells Fargo	Wells Fargo	Sell	-7,592	-48.2%	$9.91K	8,158