Howard Marks - Oaktree Capital Management Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 166 | |
| Portfolio Value | $4.92B |
Oaktree Capital Management Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.6 years | Style | Average duration positions are maintained |
| Position Count | 103 | Style | Number of active positions in portfolio |
| Position Size | 1.2% | Risk | Typical allocation per position |
| Win Rate | 45.0% | Performance | Percentage of profitable positions |
| Average Return | 183.6% | Performance | Mean return across positions |
| Sharpe Ratio | 0.06 | Performance | Return per unit of risk taken |
Investment Case Study: CHESAPEAKE ENERGY CORP (CHK)
3/31/2021 - 7/7/2025
Performance Metrics
Total Return: 80,022.81%
Holding Period: 1559 days
Max Position Size: $652,414,005.00
Position Weight: 8.92%
Key Events
3/31/2021: ENTRY(11,939,117.00 shares) @ $0.04
12/31/2021: INCREASE(62,036.00 shares) @ $0.06
3/31/2022: DECREASE(-1,000,000.00 shares) @ $0.09
6/30/2022: DECREASE(-500,000.00 shares) @ $0.08
9/30/2022: DECREASE(-701,153.00 shares) @ $0.09
12/31/2022: DECREASE(-1,170,121.00 shares) @ $0.09
3/31/2023: DECREASE(-50,000.00 shares) @ $76.04
6/30/2023: DECREASE(-1,229,879.00 shares) @ $83.68
9/30/2023: DECREASE(-349,933.00 shares) @ $86.23
3/31/2024: DECREASE(-15,983.00 shares) @ $88.83
6/30/2024: DECREASE(-113,200.00 shares) @ $82.19
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure