Fund manager
Howard Marks
Oaktree Capital · Cycle and risk
Co-founded Oaktree and is best known for his investor memos on risk and market cycles.
Top holdings
| Company | Weight | Value |
|---|---|---|
| Torm Plc | 13.9% | $524.3M |
| Expand Energy Corp (EXE) | 12.6% | $477.6M |
| Garrett Motion Inc (GTX) | 7.3% | $275.2M |
| Anglogold Ashanti Plc | 6.8% | $257.2M |
| Indivior Pharmaceuticals Inc (INDV) | 6.7% | $251.4M |
| Telephone And Data Systems Inc (TDS) | 5.2% | $195.5M |
| Viper Energy Inc (VNOM) | 4.3% | $160.8M |
| Core Scientific Inc (CORZ) | 3.4% | $127.8M |
| Talen Energy Corp (TLN) | 3.4% | $127.2M |
| Barrick Mining Corp (B) | 3.1% | $117.8M |
From the Form 13F for the quarter ended 2026-06-30, filed 2026-08-14. Reported $3.8B across 51 positions.