Howard Marks - Oaktree Capital Management 13F Portfolio Holdings (Q1 2026)
As of Mar 31, 2026, the Oaktree Capital Management portfolio holdings is valued at approximately $5,633,650,621.00 featuring 43 publicly traded holdings. This in-depth profile highlights the top investments led by TORM PLC (TRMD), EXPAND ENERGY CORP (CHK), ANGLOGOLD ASHANTI PLC (AU), GARRETT MOTION INC (GTX), and others based on the company's latest SEC filings reported on May 15, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Oaktree Capital Management's stock portfolio spans 43 holdings across 12 sectors, with a total market value of $5,633,650,621.00. The Other sector represents the largest allocation, while the top holdings account for nearly 69% of the total portfolio value. TORM PLC remains the single largest position at 12.0% of all equity investments.
Complete Holdings
Showing 43 of 43 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | TORM PLC | TRMD | Other | 11.98% | 23,839,575 | -2,585,484 | -9.78% | $675,076,008.00 |
| 2 | EXPAND ENERGY CORP | CHK | Energy | 10.21% | 5,237,477 | +175,114 | +3.46% | $574,970,225.00 |
| 3 | ANGLOGOLD ASHANTI PLC | AU | Other | 5.57% | 3,223,092 | -624,899 | -16.24% | $313,800,237.00 |
| 4 | GARRETT MOTION INC | GTX | Consumer Cyclical | 4.71% | 14,594,816 | -2,500,000 | -14.62% | $265,187,806.00 |
| 5 | TELEPHONE AND DATA SYSTEMS INC | TDS | Communication Services | 3.21% | 4,292,243 | +603,857 | +16.37% | $180,703,430.00 |
| 6 | CORE SCIENTIFIC INC | CORZ | Technology | 2.48% | 9,400,708 | +1,050,000 | +12.57% | $139,896,591.00 |
| 7 | SUNOPTA INC | STKL | Consumer Defensive | 2.38% | 20,726,126 | - | - | $134,230,239.00 |
| 8 | PETROLEO BRASILEIRO SA - PETROBRAS | PBR | Energy | 2.24% | 6,089,413 | +3,429,921 | +128.97% | $126,355,319.00 |
| 9 | BARRICK MINING CORP | B | Other | 1.90% | 2,624,859 | -350,259 | -11.77% | $107,067,998.00 |
| 10 | TALEN ENERGY CORP | TLN | Other | 1.88% | 331,117 | - | - | $105,702,479.00 |
| 11 | LIBERTY GLOBAL LTD | LBTYA | Other | 1.84% | 8,551,191 | - | - | $103,383,899.00 |
| 12 | ITAU UNIBANCO HOLDING SA | ITUB | Financial Services | 1.81% | 12,188,995 | -1,633,752 | -11.82% | $102,143,786.00 |
| 13 | NOKIA OYJ | NOK | Technology | 1.60% | 11,200,308 | -7,551,921 | -40.27% | $90,050,476.00 |
| 14 | TRANSALTA CORP | TAC | Utilities | 1.49% | 6,415,253 | - | - | $84,077,945.00 |
| 15 | CBL & ASSOCIATES PROPERTIES INC | CBL | Real Estate | 1.47% | 2,153,717 | -363,859 | -14.45% | $82,767,382.00 |
| 16 | FREEPORT-MCMORAN INC | FCX | Basic Materials | 1.27% | 1,220,122 | -169,931 | -12.22% | $71,718,771.00 |
| 17 | XP INC | XP | Other | 1.07% | 3,172,009 | -148,150 | -4.46% | $60,395,051.00 |
| 18 | BAUSCH LOMB CORP | BLCO | Healthcare | 0.95% | 3,382,739 | - | - | $53,785,550.00 |
| 19 | KILROY REALTY CORP | KRC | Real Estate | 0.93% | 1,850,011 | - | - | $52,188,810.00 |
| 20 | LIBERTY LATIN AMERICA LTD | LILAK | Communication Services | 0.90% | 5,748,780 | - | - | $50,704,239.00 |
| 21 | CREDO TECHNOLOGY GROUP HOLDING LTD | G25457105 | Other | 0.90% | 539,000 | +539,000 | +100.00% | $50,595,930.00 |
| 22 | RUNWAY GROWTH FINANCE CORP | RWAY | Financial Services | 0.86% | 7,029,667 | - | - | $48,293,821.00 |
| 23 | YPF SA | YPF | Energy | 0.73% | 886,465 | +562,135 | +173.32% | $40,972,412.00 |
| 24 | ARRAY DIGITAL INFRASTRUCTURE INC | USM | Communication Services | 0.59% | 724,444 | - | - | $33,425,846.00 |
| 25 | CEMEX SAB DE CV | CX | Basic Materials | 0.56% | 2,763,083 | -2,986,241 | -51.94% | $31,609,669.00 |
| 26 | ECOVYST INC | ECVT | Basic Materials | 0.55% | 2,393,791 | -1,860,712 | -43.74% | $30,784,152.00 |
| 27 | EMBRAER SA | ERJ | Industrials | 0.47% | 447,606 | +447,606 | +100.00% | $26,560,940.00 |
| 28 | TERNIUM SA | TX | Basic Materials | 0.42% | 582,924 | -75,641 | -11.49% | $23,404,398.00 |
| 29 | OAKTREE SPECIALTY LENDING CORP | OCSL | Financial Services | 0.37% | 1,852,456 | - | - | $20,932,752.00 |
| 30 | TELECOM ARGENTINA SA | TEO | Communication Services | 0.34% | 1,622,244 | -725,264 | -30.90% | $18,964,032.00 |
| 31 | SIMPLY GOOD FOODS CO/THE | SMPL | Consumer Defensive | 0.29% | 1,128,889 | +1,128,889 | +100.00% | $16,199,557.00 |
| 32 | BATTALION OIL CORP | BATL | Energy | 0.21% | 3,009,912 | - | - | $11,738,656.00 |
| 33 | SMARTRENT INC | SMRT | Technology | 0.20% | 7,505,294 | - | - | $11,257,942.00 |
| 34 | OPTIMUM COMMUNICATIONS INC | ATUS | Communication Services | 0.17% | 7,330,490 | -169,510 | -2.26% | $9,529,637.00 |
| 35 | MAGNACHIP SEMICONDUCTOR CORP | MX | Technology | 0.14% | 2,849,858 | - | - | $7,979,602.00 |
| 36 | LIBERTY LATIN AMERICA LTD | LILA | Communication Services | 0.13% | 839,020 | - | - | $7,249,132.00 |
| 37 | NRG ENERGY INC | NRG | Utilities | 0.13% | 49,028 | -663,972 | -93.12% | $7,164,951.00 |
| 38 | INVESCO SENIOR INCOME TRUST | BKLN | Other | 0.07% | 200,020 | +200,020 | +100.00% | $4,082,408.00 |
| 39 | HDFC BANK LTD | HDB | Financial Services | 0.05% | 114,261 | -16,180 | -12.40% | $2,842,813.00 |
| 40 | ALVOTECH SA | L01800116 | Other | 0.02% | 4,669,508 | +2,841 | +0.06% | $1,332,056.00 |
| 41 | PDD HOLDINGS INC | PDD | Consumer Cyclical | 0.01% | 4,823 | -272,944 | -98.26% | $492,814.00 |
| 42 | ALVOTECH SA | L01800108 | Other | 0.01% | 97,982 | -435,674 | -81.64% | $336,078.00 |
| 43 | BIOXCEL THERAPEUTICS INC | BTAI | Other | 0.01% | 241,188 | - | - | $323,193.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Other | 37.62% | $1,422,095,337.00 |
| Energy | 19.95% | $754,036,612.00 |
| Communication Services | 7.95% | $300,576,316.00 |
| Consumer Cyclical | 7.03% | $265,680,620.00 |
| Technology | 6.59% | $249,184,611.00 |
| Financial Services | 4.61% | $174,213,172.00 |
| Basic Materials | 4.17% | $157,516,990.00 |
| Consumer Defensive | 3.98% | $150,429,796.00 |
| Real Estate | 3.57% | $134,956,192.00 |
| Utilities | 2.41% | $91,242,896.00 |
| Healthcare | 1.42% | $53,785,550.00 |
| Industrials | 0.70% | $26,560,940.00 |
Portfolio insights
As of Mar 31, 2026, the Oaktree Capital Management portfolio holds 43 securities valued at $3,780,279,032.00. The Other sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.