Investors who trade like Howard Marks
The 29 other tracked superinvestors ranked by shared-ticker overlap with Howard Marks's (Oaktree Capital) latest 13F portfolio. Jaccard similarity — the fraction of tickers held by both investors out of the union of tickers held by either.
Top similar investors
- 1Lee AinslieMaverick Capital5%Jaccard5 shared of 102 total tickers — SPY · CORZ · TDS · BLCO · LYV
- 2Chase ColemanTiger Global Management5%Jaccard5 shared of 111 total tickers — CORZ · SE · UBER · DASH · JD
- 3Stanley DruckenmillerDuquesne Family Office4%Jaccard6 shared of 152 total tickers — SPY · SE · EQIX · U · YPF
- 4Stephen MandelLone Pine Capital3%Jaccard3 shared of 101 total tickers — SE · SHAZ · BTDR
- 5Tom SlaterBaillie Gifford (Long Term Global Growth)2%Jaccard8 shared of 330 total tickers — SE · ITUB · FCX · MMYT · UBER
- 6Polen CapitalPolen Capital Management2%Jaccard6 shared of 279 total tickers — SPY · TLN · SE · EMBJ · BTDR
- 7William von MuefflingCantillon Capital Management2%Jaccard2 shared of 94 total tickers — UBER · LYV
- 8David TepperAppaloosa Management2%Jaccard2 shared of 95 total tickers — UBER · BABA
- 9Prem WatsaFairfax Financial2%Jaccard2 shared of 98 total tickers — GTX · MX
- 10Andreas HalvorsenViking Global Investors2%Jaccard3 shared of 155 total tickers — SE · BMRN · DPC
- 11François RochonGiverny Capital2%Jaccard2 shared of 118 total tickers — SPY · QQQ
- 12Joel GreenblattGotham Asset Management1%Jaccard43 shared of 3155 total tickers — SPY · QQQ · TRMD · GTX · AU
- 13Bill NygrenOakmark Funds1%Jaccard2 shared of 150 total tickers — SPY · BABA
- 14Bill AckmanPershing Square Capital1%Jaccard1 shared of 80 total tickers — UBER
- 15Carl IcahnIcahn Enterprises1%Jaccard1 shared of 81 total tickers — BLCO
Method
Jaccard similarity = |A ∩ B| / |A ∪ B| where A and B are the sets of tickers each investor holds in their most recent 13F filing.
A score of 100% means both investors hold exactly the same tickers. A score of 0% means no overlap. In practice, tracked superinvestors rarely exceed 40% — they pick unique spots even within similar philosophies.
Source data: SEC EDGAR 13F-HR filings, latest quarter available per investor. v1 uses unweighted Jaccard (set membership). v2 will add position-weighted similarity for a finer-grained score.
Related
Frequently asked questions
Which investors are most similar to Howard Marks?
Top portfolio-similarity peers to Howard Marks (Oaktree Capital): Lee Ainslie (Maverick Capital, 5% Jaccard); Chase Coleman (Tiger Global Management, 5% Jaccard); Stanley Druckenmiller (Duquesne Family Office, 4% Jaccard). Full ranking of all 29 tracked peers below, by shared-ticker overlap.
How is investor similarity calculated?
HoldLens uses Jaccard similarity on shared tickers: |A ∩ B| / |A ∪ B|. For each pair of investors, count tickers held by both, divide by tickers held by either. Range 0% (no overlap) to 100% (identical portfolio). Computed from latest SEC 13F-HR filings for Howard Marks and the 29 other tracked superinvestors.
Why does Howard Marks's portfolio overlap with these investors?
Portfolio overlap reflects shared investment thesis, sector orientation, or fund-of-funds inheritance. High Jaccard (>50%) is rare and usually signals tight thesis alignment; 20-40% suggests overlapping sectors; <10% means distinct strategies. Click each peer below for their full 13F positions and ConvictionScore.
How current is the Howard Marks similarity ranking?
Updated on each quarterly 13F-HR filing cycle (45-day statutory lag per SEC). Similarity scores refresh as new positions are added or exited. See /methodology for the federation cadence + 13F filing-window math.
Similarity computed from publicly filed 13F portfolios. 13F filings show long US equity positions only (no shorts, no cash, no non-US positions). Not investment advice.
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