Oaktree Capital Management 13F, Q3 2024
Howard Marks · quarter ending 30 September 2024 · filed 14 November 2024 · SEC CIK 949509
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, Q3 2024
The 25 largest of 166 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2024 filing.
| Company | Ticker | Value | % of book | vs Q2 2024 |
|---|---|---|---|---|
| TORM PLC | $1.38B | 23.0% | -8% shares | |
| CHESAPEAKE ENERGY CORP | EXE | $565.13M | 9.4% | unchanged |
| GARRETT MOTION INC | GTX | $360.60M | 6.0% | unchanged |
| SITIO ROYALTIES CORP | $269.57M | 4.5% | unchanged | |
| INFINERA CORP | $169.93M | 2.8% | unchanged | |
| ANGLOGOLD ASHANTI PLC | $150.66M | 2.5% | -11% shares | |
| STAR BULK CARRIERS CORP | $135.32M | 2.3% | -28% shares | |
| SUNOPTA INC | STKL | $132.17M | 2.2% | unchanged |
| LIBERTY GLOBAL LTD | $126.10M | 2.1% | +57% shares | |
| TALEN ENERGY CORP | TLN | $124.18M | 2.1% | new |
| FREEPORT-MCMORAN INC | FCX | $121.07M | 2.0% | unchanged |
| RUNWAY GROWTH FINANCE CORP | RWAY | $110.92M | 1.9% | unchanged |
| VISTA ENERGY SAB DE CV | VIST | $110.61M | 1.8% | unchanged |
| CALIFORNIA RESOURCES CORP | CRC | $107.39M | 1.8% | new |
| CBL & ASSOCIATES PROPERTIES INC | CBL | $100.93M | 1.7% | unchanged |
| VALE SA | VALE | $95.82M | 1.6% | -36% shares |
| INDIVIOR PLC | $94.07M | 1.6% | +112% shares | |
| CEMEX SAB DE CV | CX | $89.60M | 1.5% | unchanged |
| KILROY REALTY CORP | KRC | $71.60M | 1.2% | unchanged |
| JD.COM INC | JD | $70.41M | 1.2% | -38% shares |
| ITAU UNIBANCO HOLDING SA | ITUB | $60.36M | 1.0% | +37% shares |
| PETROLEO BRASILEIRO SA | PBR | $58.64M | 1.0% | -10% shares |
| TRIP.COM GROUP LTD | TCOM | $47.04M | 0.8% | +35% shares |
| SUNNOVA ENERGY INTERNATIONAL INC | $44.79M | 0.8% | +360% shares | |
| YUM CHINA HOLDINGS INC | YUMC | $43.98M | 0.7% | new |
What changed since Q2 2024
Against the Q2 2024 filing, Oaktree Capital Management opened 43 new positions, added to 35, trimmed 50, left 38 unchanged and exited 25. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- TLN$124.18M
- CRC$107.39M
- YUMC$43.98M
- PDD$38.19M
- INFY$38.12M
- ENLINK MIDSTREAM LLC$36.64M
- BZ$34.92M
- ANYWHERE REAL ESTATE INC$32.59M
and 35 more
Exited
- GGBwas $19.43M
- EAGLE BULK SHIPPING INCwas $12.13M
- ENVESTNET INCwas $11.89M
- STHOwas $11.66M
- AZUL SAwas $9.78M
- CAKE 0.375 06/15/26was $5.17M
- AIR TRANSPORT SERVICES GROUP INCwas $5.04M
- LNTH 2.625 12/15/27was $4.87M
and 17 more
Other quarters
Source: SEC Form 13F-HR, accession 0000949509-24-000009, 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.