Howard Marks - Oaktree Capital Management Portfolio Holdings
As of Dec 31, 2025, the Oaktree Capital Management portfolio holdings is valued at approximately $6,168,153,187.00 featuring 49 publicly traded holdings. This in-depth profile highlights the top investments led by EXPAND ENERGY CORP (CHK), TORM PLC (TRMD), ANGLOGOLD ASHANTI PLC (AU), GARRETT MOTION INC (GTX), and others based on the company's latest SEC filings reported on Feb 17, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Oaktree Capital Management's stock portfolio spans 49 holdings across 11 sectors, with a total market value of $6,168,153,187.00. The Other sector represents the largest allocation, while the top holdings account for nearly 62% of the total portfolio value. EXPAND ENERGY CORP remains the single largest position at 9.1% of all equity investments.
Complete Holdings
Showing 49 of 49 holdings.
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| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | EXPAND ENERGY CORP | CHK | Energy | 9.06% | 5,062,363 | - | - | $558,682,380.00 |
| 2 | TORM PLC | TRMD | Other | 8.55% | 26,425,059 | -14,156,061 | -34.88% | $527,287,877.00 |
| 3 | ANGLOGOLD ASHANTI PLC | AU | Other | 5.32% | 3,847,991 | -337,270 | -8.06% | $328,156,672.00 |
| 4 | GARRETT MOTION INC | GTX | Consumer Cyclical | 4.83% | 17,094,816 | -14,800,000 | -46.40% | $297,962,642.00 |
| 5 | Indivior Pharmaceuticals Inc | INDV | Other | 4.14% | 7,108,644 | -250,676,754 | -97.24% | $255,058,964.00 |
| 6 | TELEPHONE AND DATA SYSTEMS INC | TDS | Communication Services | 2.45% | 3,688,386 | - | - | $151,223,826.00 |
| 7 | BARRICK MINING CORP | B | Other | 2.10% | 2,975,118 | -326,968 | -9.90% | $129,566,388.00 |
| 8 | TALEN ENERGY CORP | TLN | Other | 2.01% | 331,117 | +40,000 | +13.74% | $124,115,896.00 |
| 9 | CORE SCIENTIFIC INC | CORZ | Technology | 1.97% | 8,350,708 | +1,950,000 | +30.47% | $121,586,308.00 |
| 10 | NOKIA OYJ | NOK | Technology | 1.97% | 18,752,229 | - | - | $121,326,921.00 |
| 11 | FTAI AVIATION LTD | FTAI | Other | 1.65% | 517,328 | -67,847 | -11.59% | $101,836,016.00 |
| 12 | ITAU UNIBANCO HOLDING SA | ITUB | Financial Services | 1.60% | 13,822,747 | +1,156,946 | +9.13% | $98,970,875.00 |
| 13 | LIBERTY GLOBAL LTD | LBTYA | Other | 1.54% | 8,551,191 | - | - | $95,260,267.00 |
| 14 | CBL & ASSOCIATES PROPERTIES INC | CBL | Real Estate | 1.51% | 2,517,576 | -487,550 | -16.22% | $93,150,348.00 |
| 15 | TRANSALTA CORP | TAC | Utilities | 1.32% | 6,415,253 | - | - | $81,246,611.00 |
| 16 | SUNOPTA INC | STKL | Consumer Defensive | 1.28% | 20,726,126 | - | - | $78,883,383.00 |
| 17 | NU HOLDINGS LTD/CAYMAN ISLANDS | G6683N103 | Other | 1.22% | 4,479,175 | -39,709 | -0.88% | $74,981,389.00 |
| 18 | FREEPORT-MCMORAN INC | FCX | Basic Materials | 1.14% | 1,390,053 | -114,812 | -7.63% | $70,600,791.00 |
| 19 | KILROY REALTY CORP | KRC | Real Estate | 1.12% | 1,850,011 | - | - | $69,134,911.00 |
| 20 | CEMEX SAB DE CV | CX | Basic Materials | 1.07% | 5,749,324 | -4,699,500 | -44.98% | $66,059,732.00 |
| 21 | RUNWAY GROWTH FINANCE CORP | RWAY | Financial Services | 1.02% | 7,029,667 | -1,250,000 | -15.10% | $62,774,936.00 |
| 22 | BAUSCH LOMB CORP | BLCO | Healthcare | 0.94% | 3,382,739 | +137,300 | +4.23% | $57,777,182.00 |
| 23 | GRAB HOLDINGS LTD | G4124C109 | Other | 0.91% | 11,207,699 | -886,796 | -7.33% | $55,926,418.00 |
| 24 | XP INC | XP | Other | 0.88% | 3,320,159 | +1,287,282 | +63.32% | $54,351,002.00 |
| 25 | LIBERTY LATIN AMERICA LTD | LILAK | Communication Services | 0.70% | 5,748,780 | -921,043 | -13.81% | $42,885,898.00 |
| 26 | ECOVYST INC | ECVT | Basic Materials | 0.67% | 4,254,503 | +1,395,481 | +48.81% | $41,396,314.00 |
| 27 | ARRAY DIGITAL INFRASTRUCTURE INC | USM | Communication Services | 0.63% | 724,444 | - | - | $38,844,687.00 |
| 28 | VISTA ENERGY SAB DE CV | VIST | Energy | 0.62% | 782,250 | -1,059,069 | -57.52% | $38,064,285.00 |
| 29 | FULL TRUCK ALLIANCE CO LTD | YMM | Technology | 0.61% | 3,519,764 | -277,933 | -7.32% | $37,767,067.00 |
| 30 | STAR BULK CARRIERS CORP | Y8162K204 | Other | 0.61% | 1,962,892 | - | - | $37,726,784.00 |
| 31 | CALIFORNIA RESOURCES CORP | CRC | Energy | 0.50% | 694,502 | - | - | $31,051,184.00 |
| 32 | KANZHUN LTD | BZ | Communication Services | 0.50% | 1,523,231 | -120,341 | -7.32% | $31,043,447.00 |
| 33 | TELECOM ARGENTINA SA | TEO | Communication Services | 0.44% | 2,347,508 | -281,975 | -10.72% | $27,254,567.00 |
| 34 | VALE SA | VALE | Basic Materials | 0.43% | 2,023,706 | -10,000 | -0.49% | $26,368,889.00 |
| 35 | TERNIUM SA | TX | Basic Materials | 0.41% | 658,565 | -238,944 | -26.62% | $25,150,597.00 |
| 36 | OAKTREE SPECIALTY LENDING CORP | OCSL | Financial Services | 0.38% | 1,852,456 | - | - | $23,600,289.00 |
| 37 | INFOSYS LTD | INFY | Technology | 0.32% | 1,094,752 | -582,927 | -34.75% | $19,508,480.00 |
| 38 | ONITY GROUP INC | ONIT | Financial Services | 0.29% | 390,835 | -19,594 | -4.77% | $17,896,380.00 |
| 39 | SMARTRENT INC | SMRT | Technology | 0.25% | 7,505,294 | - | - | $15,160,695.00 |
| 40 | OPTIMUM COMMUNICATIONS INC | ATUS | Communication Services | 0.20% | 7,500,000 | - | - | $12,375,000.00 |
| 41 | EXPAND ENERGY CORP | CHKEL | Other | 0.15% | 95,294 | - | - | $9,496,047.00 |
| 42 | BAUSCH HEALTH COS INC | BHC | Healthcare | 0.14% | 1,270,000 | - | - | $8,826,500.00 |
| 43 | MAGNACHIP SEMICONDUCTOR CORP | MX | Technology | 0.12% | 2,849,858 | - | - | $7,267,137.00 |
| 44 | LIBERTY LATIN AMERICA LTD | LILA | Communication Services | 0.10% | 839,020 | -7,454 | -0.88% | $6,200,357.00 |
| 45 | HDFC BANK LTD | HDB | Financial Services | 0.08% | 130,441 | -20,765 | -13.73% | $4,766,314.00 |
| 46 | BATTALION OIL CORP | BATL | Energy | 0.06% | 3,009,912 | -3,911 | -0.13% | $3,401,200.00 |
| 47 | ALVOTECH SA | L01800116 | Other | 0.05% | 4,666,667 | - | - | $3,032,866.00 |
| 48 | ALVOTECH SA | L01800108 | Other | 0.03% | 533,656 | -1,030,020 | -65.87% | $2,023,114.00 |
| 49 | BIOXCEL THERAPEUTICS INC | BTAI | Other | 0.01% | 241,188 | - | - | $385,902.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Other | 42.97% | $1,799,205,602.00 |
| Energy | 15.07% | $631,199,049.00 |
| Technology | 7.70% | $322,616,608.00 |
| Communication Services | 7.40% | $309,827,782.00 |
| Consumer Cyclical | 7.12% | $297,962,642.00 |
| Basic Materials | 5.48% | $229,576,323.00 |
| Financial Services | 4.97% | $208,008,794.00 |
| Real Estate | 3.88% | $162,285,259.00 |
| Utilities | 1.94% | $81,246,611.00 |
| Consumer Defensive | 1.88% | $78,883,383.00 |
| Healthcare | 1.59% | $66,603,682.00 |
Portfolio insights
As of Dec 31, 2025, the Oaktree Capital Management portfolio holds 49 securities valued at $4,187,415,735.00. The Other sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.