What Howard Marks Bought in Q1 2026
Oaktree Capital Management · Quarterly 13F recap as filed with the SEC.
Period: 2026-03-31 · Filed · Historical
$6.56B
Total Value
147
Holdings
35
New Buys
53
Reduced
In Q1 2026, Howard Marks reported 147 long equity positions worth $6.56B in their Oaktree Capital Management 13F filing, including 35 new positions (largest: Invesco QQQ Trust (Nasdaq-100) at $329.0M) and 36 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | TRMD | TORM PLC | 23839575 | $675.1M | 10.30% | -9.8% |
| 2 | EXE | Expand Energy Corp | 5237477 | $575.0M | 8.77% | +3.5% |
| 3 | QQQ | Invesco QQQ Trust (Nasdaq-100) | 570000 | $329.0M | 5.02% | NEW |
| 4 | AU | ANGLOGOLD ASHANTI PLC | 3223092 | $313.8M | 4.79% | -16.2% |
| 5 | GTX | GARRETT MOTION INC | 14594816 | $265.2M | 4.04% | -14.6% |
| 6 | INDV | INDIVIOR PHARMACEUTICALS INC | 6984102 | $212.9M | 3.25% | NEW |
| 7 | XOP | STATE STREET SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF | 1000000 | $181.8M | 2.77% | NEW |
| 8 | TDS | TELEPHONE AND DATA SYSTEMS INC | 4292243 | $180.7M | 2.76% | +16.4% |
| 9 | VNOM | VIPER ENERGY INC | 3791432 | $178.2M | 2.72% | -39.7% |
| 10 | CORZ | CORE SCIENTIFIC INC | 9350708 | $139.9M | 2.13% | +12.0% |
| 11 | STKL | SUNOPTA INC | 20726126 | $134.2M | 2.05% | — |
| 12 | PBR | PETROLEO BRASILEIRO SA - PETROBRAS | 6089413 | $126.4M | 1.93% | NEW |
| 13 | B | BARRICK MINING CORP | 2624859 | $107.1M | 1.63% | -11.8% |
| 14 | TLN | TALEN ENERGY CORP | 331117 | $105.7M | 1.61% | — |
| 15 | LBTYK | LIBERTY GLOBAL LTD | 8551191 | $103.4M | 1.58% | — |
| 16 | ITUB | ITAU UNIBANCO HOLDING SA | 12188995 | $102.1M | 1.56% | -11.8% |
| 17 | JBLU | JETBLUE AIRWAYS CORP | 95093000 | $94.8M | 1.45% | +5.0% |
| 18 | RIOT | RIOT PLATFORMS INC | 79664000 | $91.8M | 1.40% | -2.8% |
| 19 | NOK | NOKIA OYJ | 11200308 | $90.1M | 1.37% | -40.3% |
| 20 | TACPF | TRANSALTA CORP | 6415253 | $84.1M | 1.28% | — |
| 21 | CBL | CBL & ASSOCIATES PROPERTIES INC | 2153717 | $82.8M | 1.26% | -14.5% |
| 22 | FCX | Freeport-McMoRan | 1220122 | $71.7M | 1.09% | -12.2% |
| 23 | SATS | ECHOSTAR CORP | 18000001 | $64.3M | 0.98% | +0.0% |
| 24 | XP | XP INC | 3172009 | $60.4M | 0.92% | -4.5% |
| 25 | PEB-PH | PEBBLEBROOK HOTEL TRUST | 57736000 | $56.4M | 0.86% | +45.4% |
| 26 | AWK | American Water Works | 55921000 | $55.8M | 0.85% | +1532.3% |
| 27 | AERO | GRUPO AEROMEXICO SAB DE CV | 3968686 | $55.6M | 0.85% | +5.1% |
| 28 | ETSY | ETSY INC | 61196000 | $54.8M | 0.84% | +22.0% |
| 29 | BMRN | BIOMARIN PHARMACEUTICAL INC | 55985000 | $54.0M | 0.82% | +32.9% |
| 30 | BLCO | BAUSCH LOMB CORP | 3382739 | $53.8M | 0.82% | — |
| 31 | CORZ | CORE SCIENTIFIC INC | 3500000 | $52.4M | 0.80% | +75.0% |
| 32 | COIN | COINBASE GLOBAL INC | 52633000 | $52.2M | 0.80% | NEW |
| 33 | KRC | KILROY REALTY CORP | 1850011 | $52.2M | 0.80% | — |
| 34 | LILAB | LIBERTY LATIN AMERICA LTD | 5748780 | $50.7M | 0.77% | — |
| 35 | ENPH | ENPHASE ENERGY INC | 56620000 | $50.6M | 0.77% | +48.3% |
| 36 | CRDO | CREDO TECHNOLOGY GROUP HOLDING LTD | 539000 | $50.6M | 0.77% | NEW |
| 37 | VAC | MARRIOTT VACATIONS WORLDWIDE CORP | 52119000 | $50.2M | 0.77% | +29.1% |
| 38 | RWAY | RUNWAY GROWTH FINANCE CORP | 7029667 | $48.3M | 0.74% | — |
| 39 | TLN | TALEN ENERGY CORP | 150000 | $47.9M | 0.73% | -50.0% |
| 40 | SE | SEA LTD | 47886000 | $46.9M | 0.72% | +23.2% |
| 41 | OKTA | OKTA INC | 46973000 | $46.7M | 0.71% | +65.9% |
| 42 | BSY | BENTLEY SYSTEMS INC | 46995000 | $44.7M | 0.68% | 598.3% |
| 43 | YPF | YPF SA | 886465 | $41.0M | 0.62% | NEW |
| 44 | QTWO | Q2 HOLDINGS INC | 41053000 | $40.9M | 0.62% | NEW |
| 45 | LYB | LYONDELLBASELL INDUSTRIES NV | 500000 | $40.3M | 0.61% | NEW |
| 46 | DKNG | DRAFTKINGS INC | 44355000 | $40.0M | 0.61% | +75.8% |
| 47 | BSQKZ | BLOCK INC | 37779000 | $37.7M | 0.57% | +86.6% |
| 48 | DXCM | DEXCOM INC | 40423000 | $37.3M | 0.57% | +44.4% |
| 49 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | 36154000 | $36.1M | 0.55% | NEW |
| 50 | CNMD | CONMED CORP | 36189000 | $35.1M | 0.54% | -10.3% |
| 51 | U | UNITY SOFTWARE INC | 35941000 | $35.0M | 0.53% | 296.0% |
| 52 | AMPH | AMPHASTAR PHARMACEUTICALS INC | 38036000 | $34.5M | 0.53% | -12.7% |
| 53 | AD | ARRAY DIGITAL INFRASTRUCTURE INC | 724444 | $33.4M | 0.51% | — |
| 54 | TDOC | TELADOC HEALTH INC | 33070000 | $31.7M | 0.48% | -14.1% |
| 55 | CXMSF | CEMEX SAB DE CV | 2763083 | $31.6M | 0.48% | -51.9% |
| 56 | ECVT | ECOVYST INC | 2393791 | $30.8M | 0.47% | -43.7% |
| 57 | ARRY | ARRAY TECHNOLOGIES INC | 31046000 | $28.2M | 0.43% | -6.7% |
| 58 | EMBJ | EMBRAER SA | 447606 | $26.6M | 0.41% | NEW |
| 59 | SPB | SPECTRUM BRANDS HOLDINGS INC | 26126000 | $26.1M | 0.40% | -5.0% |
| 60 | FOUR-PA | SHIFT4 PAYMENTS INC | 27272000 | $25.7M | 0.39% | NEW |
| 61 | CBRL | CRACKER BARREL OLD COUNTRY STORE INC | 26175000 | $25.7M | 0.39% | -20.9% |
| 62 | KRSP-UN | RICE ACQUISITION CORP 3 | 2400000 | $24.7M | 0.38% | — |
| 63 | TX | TERNIUM SA | 582924 | $23.4M | 0.36% | -11.5% |
| 64 | SHAZW | SHARONAI HOLDINGS INC | 1000000 | $22.7M | 0.35% | NEW |
| 65 | OCSL | OAKTREE SPECIALTY LENDING CORP | 1852456 | $20.9M | 0.32% | — |
| 66 | FIVN | FIVE9 INC | 21743000 | $19.0M | 0.29% | -28.4% |
| 67 | TCMFF | TELECOM ARGENTINA SA | 1622244 | $19.0M | 0.29% | -30.9% |
| 68 | SNAP | SNAP INC | 19745000 | $18.7M | 0.29% | +0.9% |
| 69 | SMPL | SIMPLY GOOD FOODS CO/THE | 1128889 | $16.2M | 0.25% | NEW |
| 70 | NVST | ENVISTA HOLDINGS CORP | 15977000 | $15.9M | 0.24% | -48.1% |
| 71 | NBRWF | NABORS INDUSTRIES LTD | 16137000 | $14.7M | 0.22% | -32.9% |
| 72 | SYNA | SYNAPTICS INC | 13815000 | $14.3M | 0.22% | -19.9% |
| 73 | MINE | MAYFAIR GOLD CORP | 4500000 | $13.9M | 0.21% | NEW |
| 74 | BXMT | BLACKSTONE MORTGAGE TRUST INC | 12959000 | $12.9M | 0.20% | +8.0% |
| 75 | COGT | COGENT BIOSCIENCES INC | 10221000 | $12.5M | 0.19% | 33.6% |
| 76 | UPWK | UPWORK INC | 12499000 | $12.3M | 0.19% | 77.6% |
| 77 | BATL | BATTALION OIL CORP | 3009912 | $11.7M | 0.18% | — |
| 78 | ARWR | ARROWHEAD PHARMACEUTICALS INC | 11055000 | $11.5M | 0.17% | NEW |
| 79 | SMRT | SMARTRENT INC | 7505294 | $11.3M | 0.17% | — |
| 80 | AFRM | AFFIRM HOLDINGS INC | 11537000 | $11.2M | 0.17% | 120.8% |
| 81 | JDCMF | JD.COM INC | 11053000 | $11.0M | 0.17% | -42.5% |
| 82 | BMM | BLUE MOON METALS INC | 1685000 | $10.9M | 0.17% | NEW |
| 83 | ITRI | ITRON INC | 10349000 | $10.4M | 0.16% | 19.0% |
| 84 | BSQKZ | BLOCK INC | 10982000 | $10.3M | 0.16% | 85.0% |
| 85 | AVAV | AEROVIRONMENT INC | 10313000 | $10.1M | 0.15% | -34.6% |
| 86 | STRD | STRATEGY INC | 12080000 | $10.1M | 0.15% | 109.6% |
| 87 | ZD | ZIFF DAVIS INC | 10091000 | $9.9M | 0.15% | — |
| 88 | PENN | PENN ENTERTAINMENT INC | 9562000 | $9.6M | 0.15% | +93.1% |
| 89 | OPTU | OPTIMUM COMMUNICATIONS INC | 7330490 | $9.5M | 0.15% | -2.3% |
| 90 | CALY 2.75 05/01/26 | CALLAWAY GOLF CO | 9166000 | $9.2M | 0.14% | -4.5% |
| 91 | LCII | LCI INDUSTRIES | 9138000 | $9.1M | 0.14% | -7.9% |
| 92 | RDFN 0.5 04/01/27 | REDFIN CORP | 9197000 | $8.8M | 0.13% | +-22.3% |
| 93 | RGEN | REPLIGEN CORP | 8997000 | $8.8M | 0.13% | -8.5% |
| 94 | WGO | WINNEBAGO INDUSTRIES INC | 9376000 | $8.5M | 0.13% | +-53.6% |
| 95 | RWTO | REDWOOD TRUST INC | 8247000 | $8.4M | 0.13% | +10.6% |
| 96 | MX | MAGNACHIP SEMICONDUCTOR CORP | 2849858 | $8.0M | 0.12% | — |
| 97 | TRPCF | TRIP.COM GROUP LTD | 7588000 | $7.9M | 0.12% | +538.2% |
| 98 | NTNX | NUTANIX INC | 7600000 | $7.8M | 0.12% | +280.0% |
| 99 | DDOG | DATADOG INC | 7699000 | $7.5M | 0.11% | +2.7% |
| 100 | ILLUU | ILLUMINATION ACQUISITION CORP I | 750000 | $7.4M | 0.11% | NEW |
| 101 | LILAB | LIBERTY LATIN AMERICA LTD | 839020 | $7.2M | 0.11% | — |
| 102 | NRG | NRG ENERGY INC | 49028 | $7.2M | 0.11% | NEW |
| 103 | AKAM | AKAMAI TECHNOLOGIES INC | 5397000 | $6.2M | 0.09% | NEW |
| 104 | MGPI | MGP INGREDIENTS INC | 6251000 | $6.0M | 0.09% | +-73.1% |
| 105 | SNAP | SNAP INC | 6000000 | $5.5M | 0.08% | +-55.3% |
| 106 | PD | PAGERDUTY INC | 5935000 | $5.4M | 0.08% | NEW |
| 107 | CRNC | CERENCE INC | 5942000 | $5.3M | 0.08% | -10.0% |
| 108 | NEO | NEOGENOMICS INC | 5575000 | $5.1M | 0.08% | -21.5% |
| 109 | GPRE | GREEN PLAINS INC | 4998000 | $5.0M | 0.08% | -34.9% |
| 110 | UPST | UPSTART HOLDINGS INC | 4869000 | $4.8M | 0.07% | -32.4% |
| 111 | PMT-PC | PENNYMAC MORTGAGE INVESTMENT TRUST | 3971000 | $4.2M | 0.06% | NEW |
| 112 | PCG 4.25 12/01/27 | PG&E CORP | 4000000 | $4.1M | 0.06% | NEW |
| 113 | BKLN | INVESCO SENIOR INCOME TRUST | 200020 | $4.1M | 0.06% | NEW |
| 114 | SO | SOUTHERN CO/THE | 3357000 | $3.7M | 0.06% | -26.3% |
| 115 | BAND | BANDWIDTH INC | 4167000 | $3.7M | 0.06% | +-69.5% |
| 116 | SNAP | SNAP INC | 3767000 | $3.7M | 0.06% | — |
| 117 | ZD | ZIFF DAVIS INC | 3496000 | $3.4M | 0.05% | — |
| 118 | BILL | BILL HOLDINGS INC | 3306000 | $3.2M | 0.05% | — |
| 119 | JBTM | JBT MAREL CORP | 2927000 | $2.9M | 0.04% | NEW |
| 120 | DOCN | DIGITALOCEAN HOLDINGS INC | 2985000 | $2.9M | 0.04% | +58.8% |
| 121 | HDB | HDFC BANK LTD | 114261 | $2.8M | 0.04% | -12.4% |
| 122 | UBER | UBER TECHNOLOGIES INC | 2000000 | $2.4M | 0.04% | NEW |
| 123 | NOG | NORTHERN OIL & GAS INC | 2000000 | $2.2M | 0.03% | NEW |
| 124 | COIN | COINBASE GLOBAL INC | 2364000 | $2.2M | 0.03% | +-77.5% |
| 125 | CAKE | CHEESECAKE FACTORY INC/THE | 2173000 | $2.1M | 0.03% | +10.9% |
| 126 | STRD | STRATEGY INC | 2200000 | $2.1M | 0.03% | +69.2% |
| 127 | POST | POST HOLDINGS INC | 1950000 | $2.1M | 0.03% | -26.4% |
| 128 | JAZZ | JAZZ PHARMACEUTICALS PLC | 1461000 | $2.1M | 0.03% | +-86.2% |
| 129 | PSN | PARSONS CORP | 2060000 | $2.0M | 0.03% | +77.6% |
| 130 | LYV | LIVE NATION ENTERTAINMENT INC | 1813000 | $2.0M | 0.03% | -81.3% |
| 131 | SNOW | SNOWFLAKE INC | 1600000 | $1.9M | 0.03% | NEW |
| 132 | MTH | MERITAGE HOMES CORP | 1900000 | $1.8M | 0.03% | NEW |
| 133 | NEE-PS | NEXTERA ENERGY INC | 1292000 | $1.8M | 0.03% | — |
| 134 | GLAD | GLADSTONE CAPITAL CORP | 1898000 | $1.8M | 0.03% | 151.7% |
| 135 | FLR | FLUOR CORP | 1371000 | $1.7M | 0.03% | -85.4% |
| 136 | RPD | RAPID7 INC | 1668000 | $1.6M | 0.02% | NEW |
| 137 | IRTC | IRHYTHM TECHNOLOGIES INC | 1350000 | $1.5M | 0.02% | NEW |
| 138 | CELC | CELCUITY INC | 600000 | $1.5M | 0.02% | -14.3% |
| 139 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | 1300000 | $1.2M | 0.02% | NEW |
| 140 | ALVOW | ALVOTECH SA | 4666667 | $1.2M | 0.02% | — |
| 141 | ALRM | ALARM.COM HOLDINGS INC | 1008000 | $931K | 0.01% | NEW |
| 142 | HAE | HAEMONETICS CORP | 837000 | $801K | 0.01% | -7.2% |
| 143 | IMCR | IMMUNOCORE HOLDINGS PLC | 833000 | $751K | 0.01% | NEW |
| 144 | PDD | PDD HOLDINGS INC | 4823 | $493K | 0.01% | NEW |
| 145 | ALVOW | ALVOTECH SA | 240038 | $339K | 0.01% | -55.0% |
| 146 | BTAI | BIOXCEL THERAPEUTICS INC | 241188 | $323K | 0.00% | — |
| 147 | KRSP-UN | RICE ACQUISITION CORP 3 | 399999 | $320K | 0.00% | — |