Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q4 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 Dec 31, 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 Q4 2017, the filing reported:

New Buys - Rayonier Advanced Materials Inc, Grupo Televisa S.A.B.

Increases - Ambev S.A., Azul S.A., Bank of America, BRF S.A., Century Communities, Inc., and 8 more

Reductions - Ally Financial Inc., Alibaba Group Holding Limited, Cemex, S.A.B. de C.V. Sponsored, First BanCorp. New, Itau Unibanco Banco Holding SA, and 4 more

Complete Exits - Penguin Solutions, Gerdau S.A., Nebius Group

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 2017	ABEV Ambev S.A.	Ambev S.A.	Buy	+41,256	+0.8%	$35.58K	5,508,041
Q4 2017	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell	-133,300	-1.3%	$284.60K	9,760,000
Q4 2017	AZUL Azul S.A.	Azul S.A.	Buy	+13,600	+1.2%	$27.84K	1,168,341
Q4 2017	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-191,118	-28.0%	$84.70K	491,227
Q4 2017	BAC.PRN Bank of America	Bank of America	Buy	+4,300	+71.7%	$13.59K	10,300
Q4 2017	BRFS BRF S.A.	BRF S.A.	Buy	+914,776	+29.9%	$44.79K	3,977,774
Q4 2017	CCS Century Communities, Inc.	Century Communities, Inc.	Buy	+350,000	+23.8%	$56.57K	1,819,003
Q4 2017	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Sell	-1,464,531	-26.8%	$29.93K	3,990,115
Q4 2017	FBP First BanCorp. New	First BanCorp. New	Sell	-700,000	-7.0%	$47.61K	9,334,725
Q4 2017	G8232Y101 Penguin Solutions	Penguin Solutions	Sell - Position Exit	-468,185	-100.0%	$0.00	-
Q4 2017	GGB Gerdau S.A.	Gerdau S.A.	Sell - Position Exit	-5,005,057	-100.0%	$0.00	-
Q4 2017	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+1,136,986	+14.8%	$85.67K	8,804,316
Q4 2017	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy	+3,300	+14.9%	$920.00	25,500
Q4 2017	INFY Infosys Limited	Infosys Limited	Buy	+2,834,899	+8942.6%	$46.50K	2,866,600
Q4 2017	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Sell	-5,448	-0.1%	$120.05K	9,234,691
Q4 2017	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-765,000	-60.5%	$7.05K	500,000
Q4 2017	MX Magnachip Semiconductor Corpora	Magnachip Semiconductor Corpora	Buy	+660,000	+28.2%	$29.85K	3,000,000
Q4 2017	NBIS Nebius Group	Nebius Group	Sell - Position Exit	-65,500	-100.0%	$0.00	-
Q4 2017	NMIH NMI Holdings Inc	NMI Holdings Inc	Sell	-134,451	-2.3%	$96.59K	5,681,992
Q4 2017	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+74,227	+1.3%	$57.80K	5,880,090
Q4 2017	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Buy - Position Entry	+1,557,493	-	$31.85K	1,557,493
Q4 2017	STKL SunOpta, Inc.	SunOpta, Inc.	Buy	+3,700,000	+84.2%	$62.72K	8,092,699
Q4 2017	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-481,144	-11.9%	$141.41K	3,566,356
Q4 2017	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Buy - Position Entry	+1,529,453	-	$28.55K	1,529,453
Q4 2017	VALE VALE S.A.	VALE S.A.	Buy	+373,403	+4.1%	$115.10K	9,411,396
Q4 2017	VSH Vishay Intertechnology, Inc.	Vishay Intertechnology, Inc.	Sell	-425,000	-48.3%	$9.44K	455,000
Q4 2017	WFC-L Wells Fargo	Wells Fargo	Buy	+1,418	+4.6%	$42.02K	32,077