Oaktree Capital Management 13F, Q2 2026
Howard Marks · quarter ending 30 June 2026 · filed 14 August 2026 · SEC CIK 949509
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 7 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q2 2026
The 25 largest of 138 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2026 filing.
| Company | Ticker | Value | % of book | vs Q1 2026 |
|---|---|---|---|---|
| TORM PLC | $524.26M | 9.9% | -15% shares | |
| EXPAND ENERGY CORP | EXE | $477.61M | 9.0% | unchanged |
| GARRETT MOTION INC | GTX | $275.16M | 5.2% | -48% shares |
| ANGLOGOLD ASHANTI PLC | $257.16M | 4.8% | unchanged | |
| INDIVIOR PHARMACEUTICALS INC | INDV | $251.40M | 4.7% | -12% shares |
| TELEPHONE AND DATA SYSTEMS INC | TDS | $195.52M | 3.7% | +23% shares |
| VIPER ENERGY INC | VNOM | $160.76M | 3.0% | unchanged |
| CORE SCIENTIFIC INC | CORZ | $127.79M | 2.4% | -47% shares |
| TALEN ENERGY CORP | TLN | $127.24M | 2.4% | unchanged |
| BARRICK MINING CORP | B | $117.76M | 2.2% | +22% shares |
| ITAU UNIBANCO HOLDING SA | ITUB | $97.86M | 1.8% | unchanged |
| LIBERTY GLOBAL LTD | $97.23M | 1.8% | unchanged | |
| OAKTREE SPECIALTY LENDING CORP | OCSL | $93.99M | 1.8% | +325% shares |
| FREEPORT-MCMORAN INC | FCX | $75.54M | 1.4% | unchanged |
| GRUPO AEROMEXICO SAB DE CV | AERO | $71.44M | 1.4% | unchanged |
| KILROY REALTY CORP | KRC | $69.32M | 1.3% | unchanged |
| PEBBLEBROOK HOTEL TRUST | PEB 1.75 12/15/26 | $63.10M | 1.2% | +10% shares |
| BIOMARIN PHARMACEUTICAL INC | BMRN 1.25 05/15/27 | $62.37M | 1.2% | +14% shares |
| SEA LTD | SEALTD 0.25 09/15/26 | $62.06M | 1.2% | +31% shares |
| ETSY INC | ETSY 0.25 06/15/28 | $61.16M | 1.1% | +9% shares |
| SEA LTD | SE | $60.89M | 1.1% | new |
| LIBERTY LATIN AMERICA LTD | $58.89M | 1.1% | +32% shares | |
| ENPHASE ENERGY INC | ENPH 0 03/01/28 | $57.61M | 1.1% | +9% shares |
| DEXCOM INC | DXCM 0.375 05/15/28 | $57.10M | 1.1% | +51% shares |
| BAUSCH LOMB CORP | BLCO | $56.98M | 1.1% | unchanged |
What changed since Q1 2026
Against the Q1 2026 filing, Oaktree Capital Management opened 36 new positions, added to 47, trimmed 27, left 28 unchanged and exited 40. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- SE$60.89M
- VSAT$56.61M
- MAKEMYTRIP LTD$52.39M
- MATW$51.85M
- ENOVIS CORP$37.79M
- QMCO$22.13M
- SGRY$14.49M
- WK 1.25 08/15/28$14.03M
and 28 more
Exited
- PBRwas $126.36M
- JBLU 0.5 04/01/26was $94.79M
- NOKwas $90.05M
- CBLwas $82.77M
- AWK 3.625 06/15/26was $55.84M
- COIN 0.5 06/01/26was $52.23M
- CREDO TECHNOLOGY GROUP HOLDING LTDwas $50.60M
- OKTA 0.375 06/15/26was $46.68M
and 32 more
Other quarters
Source: SEC Form 13F-HR, accession 0000949509-26-000005, 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.