Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q4 2024)

According to the SEC 13F filed on Feb 12, 2025, the Oaktree Capital Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 Q4 2024, the filing reported:

New Buys - , Coupang, Inc., Barrick Gold Corporation, Mesoblast Limited, Sunrise Communications

Increases - , HDFC Bank Limited, Liberty Global, NetEase, Inc.

Reductions - AngloGold Ashanti, Banco Macro S.A., KANZHUN LIMITED - American Depo, CBL & Associates Properties, In, Cemex, S.A.B. de C.V. Sponsored, and 21 more

Complete Exits - Alibaba Group Holding Limited, Banco Bradesco Sa, Hims & Hers Health, Inc., Itau Unibanco Banco Holding SA, XP Inc, and 2 more

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 2024	AU AngloGold Ashanti	AngloGold Ashanti	Sell	-99,900	-1.8%	$128.27M	5,557,551
Q4 2024	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-224,719	-100.0%	$0.00	-
Q4 2024	BBD Banco Bradesco Sa	Banco Bradesco Sa	Sell - Position Exit	-14,114,711	-100.0%	$0.00	-
Q4 2024	BMA Banco Macro S.A.	Banco Macro S.A.	Sell	-85,675	-18.5%	$36.64M	378,625
Q4 2024	BZ KANZHUN LIMITED - American Depo	KANZHUN LIMITED - American Depo	Sell	-248,943	-12.4%	$24.32M	1,762,631
Q4 2024	CBL CBL & Associates Properties, In	CBL & Associates Properties, In	Sell	-1,000,000	-25.0%	$88.38M	3,005,126
Q4 2024	CHK		Buy	+66,480	+1.0%	$690.61M	6,937,364
Q4 2024	CHKEL		Buy - Position Entry	+95,294	-	$8.24M	95,294
Q4 2024	CPNG Coupang, Inc.	Coupang, Inc.	Buy - Position Entry	+241,544	-	$5.31M	241,544
Q4 2024	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Sell	-100,000	-0.7%	$82.28M	14,589,032
Q4 2024	DQ DAQO New Energy Corp.	DAQO New Energy Corp.	Sell	-53,932	-8.9%	$10.71M	551,007
Q4 2024	ENLC EnLink Midstream, LLC	EnLink Midstream, LLC	Sell	-25,987	-1.0%	$35.36M	2,499,111
Q4 2024	FCX Freeport-McMoRan, Inc.	Freeport-McMoRan, Inc.	Sell	-662,236	-27.3%	$67.14M	1,763,003
Q4 2024	GOLD Barrick Gold Corporation	Barrick Gold Corporation	Buy - Position Entry	+1,015,063	-	$15.73M	1,015,063
Q4 2024	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+35,657	+66.0%	$5.73M	89,697
Q4 2024	HIMS Hims & Hers Health, Inc.	Hims & Hers Health, Inc.	Sell - Position Exit	-666,962	-100.0%	$0.00	-
Q4 2024	HTHT H World Group Limited	H World Group Limited	Sell	-22,600	-1.9%	$37.83M	1,145,269
Q4 2024	INDV Indivior	Indivior	Sell	-788,432	-8.3%	$112.00M	8,733,548
Q4 2024	INFY Infosys Limited	Infosys Limited	Sell	-33,833	-2.0%	$36.77M	1,677,679
Q4 2024	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Sell - Position Exit	-9,076,407	-100.0%	$0.00	-
Q4 2024	JD JD.com, Inc.	JD.com, Inc.	Sell	-350,256	-19.9%	$48.88M	1,409,952
Q4 2024	L01800108 Alvotech	Alvotech	Sell	-606,322	-23.9%	$25.48M	1,925,705
Q4 2024	LBTYA Liberty Global	Liberty Global	Buy	+1,230,932	+20.6%	$91.93M	7,204,190
Q4 2024	MESO Mesoblast Limited	Mesoblast Limited	Buy - Position Entry	+179,593	-	$3.56M	179,593
Q4 2024	NTES NetEase, Inc.	NetEase, Inc.	Buy	+167,100	+71.8%	$35.66M	399,694
Q4 2024	ONIT Onity Group Inc.	Onity Group Inc.	Sell	-40,600	-9.0%	$12.60M	410,429
Q4 2024	PAM Pampa Energia S.A.	Pampa Energia S.A.	Sell	-72,681	-35.7%	$11.53M	131,086
Q4 2024	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Sell	-716,548	-17.6%	$43.12M	3,352,724
Q4 2024	PDD PDD Holdings Inc.	PDD Holdings Inc.	Sell	-5,500	-1.9%	$26.94M	277,767
Q4 2024	SNREV Sunrise Communications	Sunrise Communications	Buy - Position Entry	+1,440,836	-	$62.07M	1,440,836

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