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HoldLens
Howard Marks · quarter digest

What Howard Marks did in Q4 2024

Oaktree Capital filed 21 moves in Q4 2024: 1 new, 5 add, 11 trim, 4 exit.

13F filed 2025-02-14. Manager quality score: q9. Philosophy: You can't predict, you can prepare. Second-level thinking.

New positions · 1

Fresh money

UBERUBER TECHNOLOGIES INC
NEW·0.2% book·+19
Adds · 5

Adding to conviction

ADD +8%·13.0% book·+21

Building Torm shipping.

ADD +22%·6.5% book·+22

Same Vistra thesis as Klarman — start of build.

PDDPG&E CORP
ADD +5390%·0.8% book·−1
EQIXETSY INC
ADD +82%·0.2% book·0
PPLPPL CORP
ADD +89%·0.2% book·0
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Trims · 11

Taking chips off

SPGSTATE STREET CORP
TRIM -19%·3.3% book·+10
VALEVALE SA
TRIM -12%·1.1% book·−3
LSXMALIBERTY MEDIA CORP-LIBERTY FORMULA ONE
TRIM -31%·0.2% book·−11
ONITYONITY GROUP INC
TRIM -9%·0.2% book·+3
CHEGGCHEGG INC
TRIM -39%·0.1% book·−5
FLUORFLUOR CORP
TRIM -34%·0.1% book·−2
MARAMARA HOLDINGS INC
TRIM -45%·0.1% book·+1
NIONIO INC
TRIM -8%·0.1% book·−1
OKTAOKTA INC
TRIM -10%·0.1% book·0
8X88X8 INC
TRIM -49%·0.0% book·−1
FIVE9FIVE9 INC
TRIM -75%·0.0% book·+3
Exits · 4

Closed positions

JOYYJOYY INC
EXIT·0.0% book·−1
YPFYPF SA
EXIT·0.0% book·−2
XPXP INC
EXIT·0.0% book·+1
ZSZSCALER INC
EXIT·0.0% book·−2
Current top holdings

Howard Marks’s book, latest snapshot

#TickerWeight
1TRMD
Torm plc
14.8%
2VST
Vistra Corp
11.2%
3GRBK
Green Brick Partners
9.4%
4PR
Permian Resources
7.6%
5WMB
Williams Companies
6.3%
6STR
Sitio Royalties
5.1%

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.