Howard Marks · quarter digest
What Howard Marks did in Q4 2024
Oaktree Capital filed 57 moves in Q4 2024: 5 new, 14 add, 29 trim, 9 exit.
13F filed 2025-02-14. Manager quality score: q9. Philosophy: You can't predict, you can prepare. Second-level thinking.
New positions · 5
Fresh money
PWRQUANTA SERVICES INC
NEW·0.7% book·−5
UBERUBER TECHNOLOGIES INC
NEW·0.2% book·+15
EXEELEXPAND ENERGY CORP
NEW·0.1% book·−10
CPNGCOUPANG INC
NEW·0.1% book·−1
MESOMESOBLAST LTD
NEW·0.1% book·−7
Adds · 14
Adding to conviction
ADD +8%·13.0% book·+16
“Building Torm shipping.”
ADD +22%·6.5% book·+1
“Same Vistra thesis as Klarman — start of build.”
LBTYALIBERTY GLOBAL LTD
ADD +19%·1.7% book·−7
CABOCABLE ONE INC
ADD +11%·0.8% book·−7
PDDPG&E CORP
ADD +5390%·0.8% book·−12
GHGUARDANT HEALTH INC
ADD +79%·0.6% book·−8
NTESNETEASE INC
ADD +72%·0.6% book·−10
EQIXETSY INC
ADD +82%·0.2% book·−2
PPLPPL CORP
ADD +89%·0.2% book·−9
FOURSHIFT4 PAYMENTS INC
ADD +236%·0.2% book·+12
WWAYFAIR INC
ADD +583%·0.2% book·−12
HDBHDFC BANK LTD
ADD +66%·0.1% book·−17
TDOCTELADOC HEALTH INC
ADD +14%·0.1% book·−6
UUNITY SOFTWARE INC
ADD +27%·0.0% book·−7
Trims · 29
Taking chips off
SPYSTATE STREET CORP
TRIM -19%·3.3% book·−2
TLNTALEN ENERGY CORP
TRIM -9%·2.3% book·−10
VISTVISTA ENERGY SAB DE CV
TRIM -8%·2.2% book·+6
CBLCBL & ASSOCIATES PROPERTIES INC
TRIM -25%·1.6% book·−11
FCXFREEPORT-MCMORAN INC
TRIM -27%·1.2% book·−6
VALEVALE SA
TRIM -12%·1.1% book·−9
JDJD.COM INC
TRIM -20%·0.9% book·+7
TCOMTRIP.COM GROUP LTD
TRIM -9%·0.9% book·−1
PBRPETROLEO BRASILEIRO SA
TRIM -18%·0.8% book·−2
YUMCYUM CHINA HOLDINGS INC
TRIM -10%·0.8% book·−8
BMABANCO MACRO SA
TRIM -18%·0.7% book·−3
ALVOALVOTECH SA
TRIM -8%·0.7% book·−3
TEOTELECOM ARGENTINA SA
TRIM -9%·0.6% book·−4
BZKANZHUN LTD
TRIM -12%·0.4% book·−14
TGSTRANSPORTADORA DE GAS DEL SUR SA
TRIM -14%·0.4% book·−4
DQDAQO NEW ENERGY CORP
TRIM -9%·0.2% book·−8
LSXMALIBERTY MEDIA CORP-LIBERTY FORMULA ONE
TRIM -31%·0.2% book·−7
ONITONITY GROUP INC
TRIM -9%·0.2% book·−8
PAMPAMPA ENERGIA SA
TRIM -36%·0.2% book·−4
BANDBANDWIDTH INC
TRIM -26%·0.1% book·−11
CHEGGCHEGG INC
TRIM -39%·0.1% book·−1
FLUORFLUOR CORP
TRIM -34%·0.1% book·−9
MARAMARA HOLDINGS INC
TRIM -45%·0.1% book·−6
NIONIO INC
TRIM -8%·0.1% book·−7
OKTAOKTA INC
TRIM -10%·0.1% book·−11
UPWKUPWORK INC
TRIM -28%·0.1% book·−17
8X88X8 INC
TRIM -49%·0.0% book·−1
FIVE9FIVE9 INC
TRIM -75%·0.0% book·−7
ONON SEMICONDUCTOR CORP
TRIM -78%·0.0% book·−16
Exits · 9
Closed positions
ITUBITAU UNIBANCO HOLDING SA
EXIT·0.0% book·−10
BBDBANCO BRADESCO SA
EXIT·0.0% book·+5
JOYYJOYY INC
EXIT·0.0% book·−1
BABAALIBABA GROUP HOLDING LTD
EXIT·0.0% book·+26
HIMSHIMS & HERS HEALTH INC
EXIT·0.0% book·−10
YPFYPF SA
EXIT·0.0% book·+8
LYVLIVE NATION ENTERTAINMENT INC
EXIT·0.0% book·−16
XPXP INC
EXIT·0.0% book·−6
ZSZSCALER INC
EXIT·0.0% book·−12
Current top holdings
Howard Marks’s book, latest snapshot
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Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
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