Oaktree Capital Management
13F Holdings and Portfolio Analysis
Howard Marks 2025 Q1 13F holdings, quarterly changes, portfolio value trend and position weight distribution.
Oaktree Capital Management Overview
Oaktree Capital Management held 167 stocks in 2025 Q1, with total market value around $5.17B.
Oaktree Capital Management's top five holdings in 2025 Q1: TORM PLC COMMON STOCK(TRMD) 12.82%, EXPAND ENERGY CORP(EXE) 11.98%, GARRETT MOTION INC COMMON STOCK(GTX) 7.14%, SITIO ROYALTIES CORP(STR) 4.97%, ANGLOGOLD ASHANTI PLC COMMON STOCK(AU) 3.92%.
- Portfolio Value
- $5.17B
- Current Holdings
- 167 stocks
- New / Increased
- 44 / 49
- Reduced / Exited
- 49 / 40
Current Holdings
| 1 | TORM PLC COMMON STOCKTRMD | 0.66 | 12.82% | 40.58 - | $16.33 | $28.16 +72.45% | $6.46 | 0.00 | 6.75 | +$0.88B+335.98% | Held |
| 2 | EXPAND ENERGY CORPEXE | 0.62 | 11.98% | 5.56 -19.82% | $111.32 | - | $44.04 | -1.38 | 4.25 | +$0.37B+152.79% | Reduced |
| 3 | GARRETT MOTION INC COMMON STOCKGTX | 0.37 | 7.14% | 44.08 - | $8.37 | - | $7.60 | 0.00 | 4.00 | +$0.03B+10.08% | Held |
| 4 | SITIO ROYALTIES CORPSTR | 0.26 | 4.97% | 12.94 - | $19.87 | - | $28.85 | 0.00 | 2.50 | -$0.12B-31.13% | Held |
| 5 | ANGLOGOLD ASHANTI PLC COMMON STOCKAU | 0.20 | 3.92% | 5.46 -1.67% | $37.12 | - | $16.61 | -0.09 | 1.75 | +$0.11B+123.41% | Reduced |
| 6 | SPDR S&P 500 ETF TRSPY | 0.19 | 3.68% | 0.34 +6.25% | $559.39 | $754.20 +34.83% | $452.26 | +0.02 | 3.75 | +$0.10B+66.76% | Increased |
| 7 | TALEN ENERGY CORP COMTLN | 0.12 | 2.32% | 0.60 -5.78% | $199.67 | $379.64 +90.13% | $178.24 | -0.04 | 0.75 | +$0.12B+112.99% | Reduced |
| 8 | RUNWAY GROWTH FINANCE CORP COMMON STOCKRWAY | 0.11 | 2.16% | 10.78 - | $10.35 | - | $12.86 | 0.00 | 3.50 | -$0.03B-19.51% | Held |
| 9 | CEMEX SAB DE CV COMMON STOCKCX | 0.11 | 2.10% | 19.38 +32.87% | $5.61 | - | $4.31 | +4.79 | 7.00 | +$0.03B+30.11% | Increased |
| 10 | Indivior COMMON STOCKIZQVF | 0.10 | 2.00% | 11.01 +26.06% | $9.40 | - | $9.85 | +2.28 | 1.25 | -$0.00B-4.59% | Increased |
| 11 | VISTA ENERGY SAB DE CV COMMON STOCKVIST | 0.10 | 1.97% | 2.18 -4.75% | $46.56 | - | $6.87 | -0.11 | 5.75 | +$0.09B+577.97% | Reduced |
| 12 | SUNOPTA INC COMMON STOCKSTKL | 0.10 | 1.95% | 20.73 - | $4.86 | - | $9.78 | 0.00 | 8.25 | -$0.10B-50.29% | Held |
| 13 | NOKIA OYJ COMMON STOCKNOK | 0.10 | 1.91% | 18.75 | $5.27 | - | $5.27 | +18.75 | 0.25 | $0.00B0.00% | New |
| 14 | STAR BULK CARRIERS CORP COMMON STOCKSBLK | 0.08 | 1.62% | 5.37 - | $15.56 | - | $13.88 | 0.00 | 9.00 | +$0.01B+12.12% | Held |
| 15 | Freeport-McMoRan Inc.FCX | 0.08 | 1.60% | 2.19 +24.28% | $37.86 | $41.18 +8.77% | $35.02 | +0.43 | 3.75 | +$0.01B+17.58% | Increased |
| 16 | LIBERTY GLOBAL LTD COM CL ALBTYA | 0.08 | 1.60% | 7.20 -6.49% | $11.51 | - | $17.96 | -0.50 | 1.00 | -$0.05B-35.91% | Reduced |
| 17 | CBL & ASSOCIATES PROPERTIES INC COMMON STOCKCBL | 0.08 | 1.55% | 3.01 - | $26.58 | - | $32.04 | 0.00 | 3.50 | -$0.02B-17.03% | Held |
| 18 | KILROY REALTY CORP COMMON STOCKKRC | 0.06 | 1.17% | 1.85 - | $32.76 | - | $61.83 | 0.00 | 4.25 | -$0.05B-47.01% | Held |
| 19 | CALIFORNIA RESOURCES CORP COMMON STOCKCRC | 0.06 | 1.17% | 1.38 -32.73% | $43.97 | - | $52.47 | -0.67 | 0.75 | -$0.01B-16.20% | Reduced |
| 20 | VALE SA COMMON STOCKVALE | 0.06 | 1.16% | 6.01 -16.37% | $9.98 | - | $13.05 | -1.18 | 4.75 | -$0.02B-23.51% | Reduced |
| 21 | TRANSALTA CORP COMMON STOCKTAC | 0.05 | 1.01% | 5.59 | $9.33 | - | $9.33 | +5.59 | 0.25 | $0.00B0.00% | New |
| 22 | BARRICK GOLD CORPORATIONGOLD | 0.05 | 0.95% | 2.52 +147.93% | $19.44 | - | $17.85 | +1.50 | 0.50 | +$0.00B+8.90% | Increased |
| 23 | COHERUS BIOSCIENCES INCCHRS | 0.05 | 0.93% | 49.03 - | $0.98 | - | $0.79 | 0.00 | 1.00 | +$0.01B+24.21% | Held |
| 24 | Grab Holdings LimitedGRAB | 0.05 | 0.90% | 10.28 | $4.53 | $3.41 -24.72% | $4.53 | +10.28 | 0.25 | -$0.01B-24.72% | New |
| 25 | H World Group LimitedHTHT | 0.05 | 0.88% | 1.23 +7.35% | $37.01 | $37.79 +2.11% | $34.19 | +0.08 | 1.50 | +$0.00B+10.53% | Increased |
Showing 1-25 of 167
"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.
Cost basis is an estimate and can differ materially from the actual cost, especially in edge cases.
Cost basis estimate: from the latest uninterrupted holding period, new or increased shares are added to the cost pool at the report price; reductions remove shares at the then-average cost. Example: buy 100 shares at $10 in Q1 and add 50 shares at $16 in Q2, estimated cost basis is (100 x 10 + 50 x 16) / 150 = $12 per share.
Return shows estimated dollar return on top and percentage return below. It uses current price when available, otherwise report price.
Exited Holdings
Stocks no longer disclosed in the current 13F portfolio for 2025 Q1.
| 1 | INFINERA CORP COMMON STOCKINFN | 25.18 | 6.25 | $4.21 | $6.57 | +$0.06B+56.11% |
| 2 | VISTRA CORP COMVST | 0.66 | 0.25 | $137.87 | $117.44 | -$0.01B-14.82% |
| 3 | SUNRISE COMMUNICATIONS AGSNRE | 1.44 | 0.25 | $43.08 | $48.29 | +$0.01B+12.09% |
| 4 | TRIP COM GROUP LTDTCOM | 0.72 | 0.75 | $50.23 | $63.58 | +$0.01B+26.57% |
| 5 | Yum China Holdings, Inc.YUMC | 0.88 | 0.50 | $45.02 | $52.06 | +$0.01B+15.64% |
| 6 | QUANTA SERVICES INC COMPWR | 0.12 | 0.25 | $316.05 | $254.08 | -$0.01B-19.61% |
| 7 | INFOSYS LTD COMMON STOCKINFY | 1.68 | 0.50 | $22.27 | $21.92 | -$0.00B-1.57% |
| 8 | NetEase, Inc.NTES | 0.40 | 0.50 | $91.71 | $102.92 | +$0.00B+12.22% |
| 9 | ENLINK MIDSTREAM LLCENLC | 2.50 | 0.50 | $14.51 | $14.15 | -$0.00B-2.48% |
| 10 | PDD HOLDINGS INC COMMON STOCKPDD | 0.28 | 0.50 | $134.81 | $118.35 | -$0.00B-12.21% |
| 11 | ALPHATEC HOLDINGS INCATEC | 15.00 | 1.00 | $0.95 | $0.95 | -$0.00B-0.02% |
| 12 | SOUTHERN CO/THESO | 12.69 | 0.75 | $1.05 | $1.05 | +$0.00B+0.19% |
| 13 | AKAMAI TECHNOLOGIES INC Convertible BondCUSIP 00971TAL5可转换债券 | 11.89 | 4.50 | $1.08 | $1.01 | -$0.00B-6.51% |
| 14 | PAMPA ENERGIA SA COMMON STOCK ADRPAM | 0.13 | 6.50 | $57.70 | $87.94 | +$0.00B+52.41% |
| 15 | ADVANCED ENERGY INDUSTRIES INCAMD | 7.12 | 0.50 | $1.06 | $1.09 | +$0.00B+3.45% |
| 16 | DIGITALOCEAN HOLDINGS INC Convertible BondCUSIP 25402DAB8可转换债券 | 8.61 | 2.25 | $0.78 | $0.89 | +$0.00B+13.82% |
| 17 | Coupang, Inc.CPNG | 0.24 | 0.25 | $21.98 | $21.93 | -$0.00B-0.23% |
| 18 | NUVASIVE INC Convertible BondCUSIP 670704AJ4可转换债券 | 4.91 | 2.75 | $0.89 | $0.99 | +$0.00B+11.96% |
| 19 | REDWOOD TRUST INC Convertible BondCUSIP 749772AD1可转换债券 | 4.71 | 4.25 | $0.94 | $0.99 | +$0.00B+5.93% |
| 20 | EVENTBRITE INCEB | 5.18 | 2.00 | $0.83 | $0.89 | +$0.00B+7.30% |
| 21 | NEW MOUNTAIN FINANCE CORPNMFC | 3.97 | 1.25 | $1.02 | $1.01 | -$0.00B-1.20% |
| 22 | PEGASYSTEMS INC Convertible BondCUSIP 705573AB9可转换债券 | 3.79 | 0.50 | $0.98 | $0.99 | +$0.00B+1.22% |
| 23 | INSMED INC Convertible BondCUSIP 457669AB5可转换债券 | 1.64 | 1.00 | $1.07 | $2.17 | +$0.00B+102.12% |
| 24 | MESOBLAST LTDMESO | 0.18 | 0.25 | $19.80 | $19.80 | $0.00B0.00% |
| 25 | CHEGG INC Convertible BondCUSIP 163092AD1可转换债券 | 3.42 | 0.75 | $0.94 | $0.97 | +$0.00B+3.77% |
Showing 1-25 of 40
Exited holdings are stocks disclosed in the previous report period but no longer disclosed in the current 13F portfolio.
"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.
Cost basis uses the same weighted cost-pool method as current holdings. Estimated exit price uses the current report period weighted report price when available, otherwise the previous report price; it does not represent the actual sale price.
Exit return shows estimated dollar return on top and percentage return below.
Portfolio Visuals
Track portfolio value, position weights and Top 10 history.