Howard Marks - Oaktree Capital Management Options Holdings (Q4 2025)
According to the SEC 13F filed on Aug 14, 2026, the Oaktree Capital Management portfolio disclosed options positions as of quarter-end Jun 30, 2026. These positions include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 2 call contracts and 4 put contracts across companies such as VanEck Semiconductor ETF (SMH), SPDR S&P 500 (SPY), Talen Energy (TLN). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 6 of 6 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q4 2025 | SMH | VanEck Semiconductor ETF | PUT | 865,000 | $311,512,450.00 |
| Q4 2025 | SPY | SPDR S&P 500 | PUT | 385,000 | $262,539,200.00 |
| Q4 2025 | TLN | Talen Energy | CALL | 300,000 | $112,452,000.00 |
| Q4 2025 | ORCL | Oracle Corporation | PUT | 500,000 | $97,455,000.00 |
| Q4 2025 | MAR | Marriott International | PUT | 150,000 | $46,536,000.00 |
| Q4 2025 | CORZ | Core Scientific, Inc. | CALL | 2,000,000 | $29,120,000.00 |
Note: Notional value represents the total exposure of the options position.