Howard Marks – Oaktree Capital Management Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Oaktree Capital Management portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 13, 2025. These filings 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 19 call contracts and 79 put contracts across companies such as iShares Russell 2000 ETF (IWM), 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.
Oaktree Capital Management Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q3 2019 | SMH VanEck Semiconductor ETF | PUT | 750,000 |
| Q2 2019 | LRCX Lam Research Corporation | PUT | 100,000 |
| Q2 2019 | MU Micron Technology, Inc. | PUT | 1,500,000 |
| Q2 2019 | SMH VanEck Semiconductor ETF | PUT | 750,000 |
| Q2 2019 | SPY SPDR S&P 500 | PUT | 810,000 |
| Q1 2019 | LRCX Lam Research Corporation | PUT | 100,000 |
| Q1 2019 | MU Micron Technology, Inc. | PUT | 2,250,000 |
| Q1 2019 | SPY SPDR S&P 500 | PUT | 500,000 |
| Q4 2018 | AVGO Broadcom Inc. | PUT | 150,000 |
| Q4 2018 | HYG iShares iBoxx $ High Yield Corp | PUT | 1,000,000 |
| Q4 2018 | MU Micron Technology, Inc. | PUT | 100,000 |
| Q4 2018 | SMH VanEck Semiconductor ETF | PUT | 850,000 |
| Q4 2018 | SPY SPDR S&P 500 | PUT | 300,000 |
| Q3 2018 | MU Micron Technology, Inc. | PUT | 1,300,000 |
| Q3 2018 | SMH VanEck Semiconductor ETF | PUT | 700,000 |
| Q3 2018 | SPY SPDR S&P 500 | CALL | 3,600,000 |
| Q3 2018 | SPY SPDR S&P 500 | PUT | 500,000 |
| Q1 2018 | SMH VanEck Semiconductor ETF | PUT | 200,000 |
| Q1 2018 | SPY SPDR S&P 500 | PUT | 237,500 |
| Q4 2017 | SMH VanEck Semiconductor ETF | PUT | 197,000 |
| Q4 2017 | SPY SPDR S&P 500 | PUT | 1,000,000 |
| Q4 2017 | XHB SPDR Series Trust SPDR Homebuil | PUT | 250,000 |
| Q3 2017 | SPY SPDR S&P 500 | PUT | 43,000 |
| Q3 2017 | XHB SPDR Series Trust SPDR Homebuil | PUT | 1,000,000 |
| Q2 2017 | XHB SPDR Series Trust SPDR Homebuil | PUT | 1,000,000 |
| Q1 2017 | HYG iShares iBoxx $ High Yield Corp | PUT | 140,000 |
| Q1 2017 | SPY SPDR S&P 500 | CALL | 1,750,000 |
| Q1 2017 | SPY SPDR S&P 500 | PUT | 135,000 |
| Q4 2016 | SPY SPDR S&P 500 | PUT | 275,000 |
| Q4 2016 | X United States Steel Corporation | PUT | 140,000 |