Howard Marks - Oaktree Capital Management Portfolio Balances (Dec 31, 2025)

As of Dec 31, 2025, the Oaktree Capital Management portfolio balances reported a total equity value of $6.17B across 166 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Feb 17, 2026, providing an updated snapshot of assets under management.

The portfolio balances highlight EXPAND ENERGY CORP (CHK) as the single largest position, accounting for 9.1% of total equity value, followed by TORM PLC (TRMD), ANGLOGOLD ASHANTI PLC (AU), GARRETT MOTION INC (GTX), and others. Collectively, the top five holdings represent 31.9% of the portfolio, showing how capital is distributed among core positions and long-term investments.