Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q4 2016)

As of Dec 31, 2016, 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 2016, the filing reported:

New Buys - Banc of California, Inc., Ishares MSCI India ETF, SandRidge Energy, Inc.

Increases - Ambev S.A., Alibaba Group Holding Limited, Baidu, Inc., ICICI Bank Limited, Itau Unibanco Banco Holding SA, and 1 more

Reductions - Ally Financial Inc., Cemex, S.A.B. de C.V. Sponsored, First BanCorp. New, Fomento Economico Mexicano S.A., Gerdau S.A., and 3 more

Complete Exits - Banner Corporation, Kinder Morgan, 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 2016	ABEV Ambev S.A.	Ambev S.A.	Buy	+815,805	+21.9%	$22.30K	4,543,763
Q4 2016	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell	-155,000	-1.5%	$194.89K	10,246,462
Q4 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+59,226	+10.6%	$54.37K	619,374
Q4 2016	BANC Banc of California, Inc.	Banc of California, Inc.	Buy - Position Entry	+568,000	-	$9.86K	568,000
Q4 2016	BANR Banner Corporation	Banner Corporation	Sell - Position Exit	-2,473,283	-100.0%	$0.00	-
Q4 2016	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+4,647	+56.6%	$2.11K	12,861
Q4 2016	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Sell	-71,342	-1.1%	$53.91K	6,715,339
Q4 2016	FBP First BanCorp. New	First BanCorp. New	Sell	-10,350,000	-24.7%	$208.17K	31,493,581
Q4 2016	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-140,087	-56.0%	$8.38K	110,056
Q4 2016	GGB Gerdau S.A.	Gerdau S.A.	Sell	-1,819,574	-23.2%	$18.94K	6,034,789
Q4 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+472,042	+8.0%	$47.80K	6,384,459
Q4 2016	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy - Position Entry	+17,700	-	$448.00	17,700
Q4 2016	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+1,152,670	+17.9%	$78.18K	7,607,716
Q4 2016	KMI Kinder Morgan, Inc.	Kinder Morgan, Inc.	Sell - Position Exit	-908,699	-100.0%	$0.00	-
Q4 2016	MLCO Melco Resorts & Entertainment L	Melco Resorts & Entertainment L	Sell	-41,784	-31.6%	$1.44K	90,639
Q4 2016	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-3,235,000	-35.8%	$59.05K	5,795,000
Q4 2016	NC NACCO Industries, Inc.	NACCO Industries, Inc.	Sell	-66,500	-40.4%	$8.87K	98,000
Q4 2016	SD SandRidge Energy, Inc.	SandRidge Energy, Inc.	Buy - Position Entry	+135,000	-	$3.18K	135,000
Q4 2016	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+348,550	+10.3%	$107.69K	3,747,347