Oaktree Capital Management 13F, Q3 2023
Howard Marks · quarter ending 30 September 2023 · filed 13 November 2023 · SEC CIK 949509
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 3 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2023
The 25 largest of 199 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2023 filing.
| Company | Ticker | Value | % of book | vs Q1 2023 |
|---|---|---|---|---|
| TORM PLC | $1.46T | 22.2% | unchanged | |
| CHESAPEAKE ENERGY CORP | EXE | $603.62B | 9.2% | -18% shares |
| GARRETT MOTION INC | GTX | $347.37B | 5.3% | +1127% shares |
| SITIO ROYALTIES CORP | $313.16B | 4.8% | unchanged | |
| STAR BULK CARRIERS CORP | $309.78B | 4.7% | -38% shares | |
| VISTRA CORP | VST | $298.62B | 4.5% | -61% shares |
| RUNWAY GROWTH FINANCE CORP | RWAY | $269.92B | 4.1% | unchanged |
| NMI HOLDINGS INC | NMIH | $132.74B | 2.0% | unchanged |
| VALE SA | VALE | $116.50B | 1.8% | +4% shares |
| INFINERA CORP | $105.23B | 1.6% | unchanged | |
| FREEPORT-MCMORAN INC | FCX | $100.92B | 1.5% | unchanged |
| PETROLEO BRASILEIRO SA | PBR | $93.10B | 1.4% | -23% shares |
| CEMEX SAB DE CV | CX | $90.93B | 1.4% | -4% shares |
| BANCO BRADESCO SA | BBD | $90.47B | 1.4% | +49% shares |
| VISTA ENERGY SAB DE CV | VIST | $87.67B | 1.3% | unchanged |
| ANGLOGOLD ASHANTI PLC | $85.78B | 1.3% | new | |
| CBL & ASSOCIATES PROPERTIES INC | CBL | $83.58B | 1.3% | unchanged |
| SUNOPTA INC | STKL | $69.85B | 1.1% | unchanged |
| INFOSYS LTD | INFY | $65.17B | 1.0% | new |
| ICICI BANK LTD | IBN | $64.56B | 1.0% | -31% shares |
| FTAI AVIATION LTD | $64.40B | 1.0% | -11% shares | |
| KILROY REALTY CORP | KRC | $58.48B | 0.9% | unchanged |
| EAGLE BULK SHIPPING INC | $57.53B | 0.9% | unchanged | |
| JD.COM INC | JD | $49.72B | 0.8% | new |
| ALVOTECH SA | $46.00B | 0.7% | -35% shares |
What changed since Q1 2023
Against the Q1 2023 filing, the previous 13F we hold for this fund, Oaktree Capital Management opened 56 new positions, added to 50, trimmed 56, left 37 unchanged and exited 156. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- ANGLOGOLD ASHANTI PLC$85.78B
- INFY$65.17B
- JD$49.72B
- SQM$37.09B
- BXMT 5.5 03/15/27$15.89B
- FIRST MAJESTIC SILVER CORP$13.58B
- DBD$11.19B
- BHC$10.69B
and 48 more
Exited
- GARRETT MOTION INCwas $611.94M
- EAGLE BULK SHIPPING INCwas $172.06M
- ALLYwas $156.12M
- ANGLOGOLD ASHANTI LTDwas $135.04M
- WEATHERFORD INTERNATIONAL PLCwas $109.43M
- PCGwas $90.55M
- TOLwas $33.50M
- VVRwas $24.78M
and 148 more
Other quarters
Source: SEC Form 13F-HR, accession 0001790787-23-000010, filed by OAKTREE CAPITAL MANAGEMENT LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.