Howard Marks · quarter digest
What Howard Marks did in Q1 2026
Oaktree Capital filed 48 moves in Q1 2026: 8 new, 9 add, 14 trim, 17 exit.
13F filed 2026-05-15. Manager quality score: q9. Philosophy: You can't predict, you can prepare. Second-level thinking.
New positions · 8
Fresh money
INTUINVESCO QQQ TRUST SERIES 1
NEW·5.2% book·−19
PBRPETROLEO BRASILEIRO SA - PETROBRAS
NEW·2.0% book·−4
Q2Q2 HOLDINGS INC
NEW·0.7% book·−5
YPFYPF SA
NEW·0.7% book·−4
FOURSHIFT4 PAYMENTS INC
NEW·0.4% book·+5
PDDPDD HOLDINGS INC
NEW·0.1% book·−16
NRGNRG ENERGY INC
NEW·0.1% book·−1
UBERUBER TECHNOLOGIES INC
NEW·0.0% book·+16
Adds · 9
Adding to conviction
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·−7
BLOCKBLOCK INC
ADD +86%·0.8% book·−8
OKTAOKTA INC
ADD +66%·0.7% book·−6
SEASEA LTD
ADD +17%·0.7% book·+1
UUNITY SOFTWARE INC
ADD +296%·0.6% book·−7
ITRONITRON INC
ADD +19%·0.2% book·−4
UPWKUPWORK INC
ADD +78%·0.2% book·−16
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Remove with Pro →Trims · 14
Taking chips off
TORMTORM PLC
TRIM -10%·10.7% book·−8
GTXGARRETT MOTION INC
TRIM -15%·4.2% book·−12
TLNTALEN ENERGY CORP
TRIM -24%·2.4% book·−10
FCXFREEPORT-MCMORAN INC
TRIM -12%·1.1% book·−4
CXCEMEX SAB DE CV
TRIM -52%·0.5% book·−10
TDOCTELADOC HEALTH INC
TRIM -14%·0.5% book·−6
SNAPSNAP INC
TRIM -20%·0.4% book·−6
FIVE9FIVE9 INC
TRIM -28%·0.3% book·−5
JDJD.COM INC
TRIM -43%·0.2% book·+9
BANDBANDWIDTH INC
TRIM -69%·0.1% book·−8
FLUORFLUOR CORP
TRIM -85%·0.0% book·−2
LYVLIVE NATION ENTERTAINMENT INC
TRIM -81%·0.0% book·−13
POSTPOST HOLDINGS INC
TRIM -26%·0.0% book·−7
HDBHDFC BANK LTD
TRIM -12%·0.0% book·−16
Exits · 17
Closed positions
SPGSTATE STREET CORP
EXIT·0.0% book·−4
ORCLORACLE CORP
EXIT·0.0% book·−11
NUNU HOLDINGS LTD/CAYMAN ISLANDS
EXIT·0.0% book·−14
CABOCABLE ONE INC
EXIT·0.0% book·−6
GRABGRAB HOLDINGS LTD
EXIT·0.0% book·−13
ABNBAIRBNB INC
EXIT·0.0% book·−15
MARMARRIOTT INTERNATIONAL INC/MD
EXIT·0.0% book·−14
VALEVALE SA
EXIT·0.0% book·−11
ONITYONITY GROUP INC
EXIT·0.0% book·−8
PPLPPL CORP
EXIT·0.0% book·−9
EXEEXPAND ENERGY CORP
EXIT·0.0% book·−12
MKSMKS INC
EXIT·0.0% book·−9
SHAKSHAKE SHACK INC
EXIT·0.0% book·−7
BBIOBRIDGEBIO PHARMA INC
EXIT·0.0% book·−10
GHGUARDANT HEALTH INC
EXIT·0.0% book·−5
LYFTLYFT INC
EXIT·0.0% book·−18
ONON SEMICONDUCTOR CORP
EXIT·0.0% book·−20
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.