Howard Marks' Portfolio Reflects Diversification with Significant Investments in Energy and Communication Services

Howard Marks' Portfolio Reflects Diversification with Significant Investments

As of September 30, 2025, Howard Marks' portfolio from Oaktree Capital Management features a top holdings list dominated by significant investments in energy and communication services.

• The portfolio's total value is $4,988,002,215.00 as of the latest data update.
• Top holdings are concentrated with TRMD leading at 12.86% of the portfolio, followed by SPY at 3.39%, and ORCL at 2.17%.
• The largest percentage allocation is in Energy (8.29%) with TRMD.
• Consumer Cyclical and Communication Services sectors also show allocations of 6.69% and 2.33%, respectively.
• Notable increases include a 15.41% decrease in AU, a 762476 share reduction (15.41%), and significant gains in TLN (+82.78%) and ORCL (+100%).
• TLS saw the highest increase with a 161,288 share gain (82.78%).
• Investors should monitor these sectors for potential growth opportunities.

Howard Marks' portfolio demonstrates a strategic focus on high-growth areas such as energy and communication services, with significant allocations to key companies like TRMD and ORCL.

The diversification strategy highlights a balanced approach across sectors, reducing risk while maximizing potential returns.

Investors interested in Oaktree Capital Management's portfolio can expect continued growth in these high-impact sectors.