Howard Marks

Oaktree Capital Management

Credit / distressed value

Founder of Oaktree and author of The Most Important Thing. Master of distressed debt and credit investing; known for his market cycle memos.

$6.56B

Portfolio Value

147

Positions

2026-05-20 ↗

SEC 13F Filing

Changes This Q

Portfolio Map

Sized by portfolio weight · colored by quarter-over-quarter change · click ticker to view analysis

New position Increased Reduced Sold / Closed Unchanged CALLBullish options bet PUTBearish options bet

Full Portfolio · 2026-05-20

147 positions — click any ticker to open its analysis page

#	Ticker	Company	Type	Value	% Portfolio	Δ %	Shares	Status

Quarter-over-Quarter Changes

2026-05-19 → 2026-05-20 · 8 positions moved

Action	Ticker	Company	Shares Δ ⓘ	Value ⓘ	Wt. Δ ⓘ	Portfolio % ⓘ