Howard Marks · quarter digest
What Howard Marks did in Q1 2026
Oaktree Capital filed 73 moves in Q1 2026: 14 new, 10 add, 24 trim, 25 exit.
13F filed 2026-05-15. Manager quality score: q9. Philosophy: You can't predict, you can prepare. Second-level thinking.
New positions · 14
Fresh money
QQQINVESCO QQQ TRUST SERIES 1
NEW·5.2% book·+3
XOPSTATE STREET SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF
NEW·2.9% book·−2
PBRPETROLEO BRASILEIRO SA - PETROBRAS
NEW·2.0% book·−2
CRDOCREDO TECHNOLOGY GROUP HOLDING LTD
NEW·0.8% book·−15
Q2Q2 HOLDINGS INC
NEW·0.7% book·−5
YPFYPF SA
NEW·0.7% book·+8
LYBLYONDELLBASELL INDUSTRIES NV
NEW·0.6% book·+2
FOURSHIFT4 PAYMENTS INC
NEW·0.4% book·+12
EMBJEMBRAER SA
NEW·0.4% book·−1
SMPLSIMPLY GOOD FOODS CO/THE
NEW·0.3% book·−2
PDDPDD HOLDINGS INC
NEW·0.1% book·−12
BKLNINVESCO SENIOR INCOME TRUST
NEW·0.1% book·−4
NRGNRG ENERGY INC
NEW·0.1% book·−1
UBERUBER TECHNOLOGIES INC
NEW·0.0% book·+15
Adds · 10
Adding to conviction
CORZCORE SCIENTIFIC INC
ADD +25%·3.1% book·−3
TDSTELEPHONE AND DATA SYSTEMS INC
ADD +16%·2.9% book·−6
BMRNBIOMARIN PHARMACEUTICAL INC
ADD +33%·0.9% book·0
EQIXETSY INC
ADD +22%·0.9% book·−2
BLOCKBLOCK INC
ADD +86%·0.8% book·−4
OKTAOKTA INC
ADD +66%·0.7% book·−11
SEASEA LTD
ADD +17%·0.7% book·−3
UUNITY SOFTWARE INC
ADD +296%·0.6% book·−7
ITRONITRON INC
ADD +19%·0.2% book·−3
UPWKUPWORK INC
ADD +78%·0.2% book·−17
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Remove with Pro →Trims · 24
Taking chips off
TRMDTORM PLC
TRIM -10%·10.7% book·+16
AUANGLOGOLD ASHANTI PLC
TRIM -16%·5.0% book·−12
GTXGARRETT MOTION INC
TRIM -15%·4.2% book·−13
VNOMVIPER ENERGY INC
TRIM -40%·2.8% book·−4
TLNTALEN ENERGY CORP
TRIM -24%·2.4% book·−10
BBARRICK MINING CORP
TRIM -12%·1.7% book·−6
ITUBITAU UNIBANCO HOLDING SA
TRIM -12%·1.6% book·−10
NOKNOKIA OYJ
TRIM -40%·1.4% book·−6
CBLCBL & ASSOCIATES PROPERTIES INC
TRIM -14%·1.3% book·−11
FCXFREEPORT-MCMORAN INC
TRIM -12%·1.1% book·−6
ECVTECOVYST INC
TRIM -44%·0.5% book·−6
CXCEMEX SAB DE CV
TRIM -52%·0.5% book·−5
TDOCTELADOC HEALTH INC
TRIM -14%·0.5% book·−6
SNAPSNAP INC
TRIM -20%·0.4% book·−11
TXTERNIUM SA
TRIM -11%·0.4% book·−9
TEOTELECOM ARGENTINA SA
TRIM -31%·0.3% book·−4
FIVE9FIVE9 INC
TRIM -28%·0.3% book·−7
JDJD.COM INC
TRIM -43%·0.2% book·+7
BANDBANDWIDTH INC
TRIM -69%·0.1% book·−11
ALVOALVOTECH SA
TRIM -8%·0.0% book·−3
FLUORFLUOR CORP
TRIM -85%·0.0% book·−9
LYVLIVE NATION ENTERTAINMENT INC
TRIM -81%·0.0% book·−16
POSTPOST HOLDINGS INC
TRIM -26%·0.0% book·−9
HDBHDFC BANK LTD
TRIM -12%·0.0% book·−17
Exits · 25
Closed positions
SMHVANECK SEMICONDUCTOR ETF
EXIT·0.0% book·−7
SPYSTATE STREET CORP
EXIT·0.0% book·−2
FTAIFTAI AVIATION LTD
EXIT·0.0% book·−19
ORCLORACLE CORP
EXIT·0.0% book·−18
NUNU HOLDINGS LTD/CAYMAN ISLANDS
EXIT·0.0% book·−13
CABOCABLE ONE INC
EXIT·0.0% book·−7
GRABGRAB HOLDINGS LTD
EXIT·0.0% book·−4
ABNBAIRBNB INC
EXIT·0.0% book·−14
MARMARRIOTT INTERNATIONAL INC/MD
EXIT·0.0% book·−15
YMMFULL TRUCK ALLIANCE CO LTD
EXIT·0.0% book·−8
VISTVISTA ENERGY SAB DE CV
EXIT·0.0% book·+6
CRCCALIFORNIA RESOURCES CORP
EXIT·0.0% book·−12
BZKANZHUN LTD
EXIT·0.0% book·−14
VALEVALE SA
EXIT·0.0% book·−9
INFYINFOSYS LTD
EXIT·0.0% book·−22
ONITONITY GROUP INC
EXIT·0.0% book·−8
PPLPPL CORP
EXIT·0.0% book·−9
BHCBAUSCH HEALTH COS INC
EXIT·0.0% book·−15
EXEELEXPAND ENERGY CORP
EXIT·0.0% book·−10
MKSMKS INC
EXIT·0.0% book·−10
SHAKSHAKE SHACK INC
EXIT·0.0% book·−7
BBIOBRIDGEBIO PHARMA INC
EXIT·0.0% book·−13
GHGUARDANT HEALTH INC
EXIT·0.0% book·−8
LYFTLYFT INC
EXIT·0.0% book·−24
ONON SEMICONDUCTOR CORP
EXIT·0.0% book·−16
Current top holdings
Howard Marks’s book, latest snapshot
Other quarters for Howard Marks
Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
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