Oaktree Capital Management 13F, Q1 2024

Name: Oaktree Capital Management 13F holdings, Q1 2024
Creator: Oaktree Capital Management

Howard Marks · quarter ending 31 March 2024 · filed 14 May 2024 · SEC CIK 949509

$6.24B

Filed US book

167

Positions

27.7%

Largest position

Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 2 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.

Largest positions, Q1 2024

The 25 largest of 167 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.

Company	Ticker	Value	% of book	vs Q4 2023
TORM PLC		$1.73B	27.7%	unchanged
CHESAPEAKE ENERGY CORP	EXE	$620.40M	9.9%	unchanged
GARRETT MOTION INC	GTX	$438.18M	7.0%	unchanged
SITIO ROYALTIES CORP		$319.76M	5.1%	unchanged
RUNWAY GROWTH FINANCE CORP	RWAY	$187.77M	3.0%	-6% shares
INFINERA CORP		$151.81M	2.4%	unchanged
STAR BULK CARRIERS CORP		$145.80M	2.3%	unchanged
SUNOPTA INC	STKL	$142.39M	2.3%	unchanged
VALE SA	VALE	$140.39M	2.3%	+23% shares
FREEPORT-MCMORAN INC	FCX	$139.82M	2.2%	unchanged
ANGLOGOLD ASHANTI PLC		$133.20M	2.1%	+2% shares
CEMEX SAB DE CV	CX	$126.04M	2.0%	unchanged
VISTA ENERGY SAB DE CV	VIST	$100.96M	1.6%	unchanged
BANCO BRADESCO SA	BBD	$100.24M	1.6%	+2% shares
CBL & ASSOCIATES PROPERTIES INC	CBL	$91.92M	1.5%	unchanged
PETROLEO BRASILEIRO SA	PBR	$77.56M	1.2%	+7% shares
ICICI BANK LTD	IBN	$75.32M	1.2%	-6% shares
INDIVIOR PLC		$71.71M	1.1%	new
EAGLE BULK SHIPPING INC		$68.64M	1.1%	new
KILROY REALTY CORP	KRC	$67.40M	1.1%	unchanged
ITAU UNIBANCO HOLDING SA	ITUB	$65.10M	1.0%	+2% shares
JD.COM INC	JD	$60.76M	1.0%	+2% shares
H WORLD GROUP LTD	HTHT	$47.43M	0.8%	+12% shares
BAIDU INC	BIDU	$44.52M	0.7%	new
TERNIUM SA	TX	$40.59M	0.7%	unchanged

What changed since Q4 2023

Against the Q4 2023 filing, Oaktree Capital Management opened 33 new positions, added to 26, trimmed 72, left 36 unchanged and exited 50. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.

New positions

INDIVIOR PLC$71.71M
EAGLE BULK SHIPPING INC$68.64M
BIDU$44.52M
LI$29.77M
BAK$21.34M
BMA$20.92M
YUMC$19.34M
JOYY$18.96M

and 25 more

Exited

INFYwas $63.48M
FTAI AVIATION LTDwas $54.15M
LIBERTY GLOBAL LTDwas $48.53M
AMXwas $42.57M
TRIPADVISOR INCwas $16.79M
MTGwas $16.71M
MICROSTRATEGY INCwas $16.52M
DISH NETWORK CORPwas $11.87M

and 42 more

Added to

VALE+23%$140.39M
ANGLOGOLD ASHANTI PLC+2%$133.20M
BBD+2%$100.24M
PBR+7%$77.56M
ITUB+2%$65.10M
JD+2%$60.76M
HTHT+12%$47.43M
TEO+8%$21.06M

and 18 more

Trimmed

RWAY-6%$187.77M
IBN-6%$75.32M
ALVOTECH SA-47%$35.43M
NMIH-77%$34.21M
CABO 0 03/15/26-14%$28.18M
JBLU 0.5 04/01/26-3%$19.19M
TGS-20%$16.14M
SEALTD 0.25 09/15/26-16%$13.10M

and 64 more

Other quarters

← Q4 2023 Q2 2024 →Howard Marks's latest portfolio

Source: SEC Form 13F-HR, accession 0000949509-24-000004, 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.