Warren Buffett 29 Bill Ackman 11 Charlie Munger 4 MB Michael Burry Q3 2025 Carl Icahn 12 JG Joel Greenblatt 1791 Seth Klarman 23 Howard Marks 54 DE David Einhorn Q4 2023 David Tepper 27 SD Stanley Druckenmiller 90 DL Dan Loeb 39 MP Mohnish Pabrai 4 LL Li Lu 8 Prem Watsa 32 CC Chase Coleman 46 PL Philippe Laffont 66 Cliff Asness 3896 MG Mario Gabelli 916 BM Bill Miller 56 TG Tom Gayner 130 CA Chuck Akre 19 RB Ron Baron 345 BN Bill Nygren 161 John Rogers 106 SM Stephen Mandel 34 AH Andreas Halvorsen 90 LA Lee Ainslie 177 Tom Steyer 85 JE Jean-Marie Eveillard 424 BB Bruce Berkowitz 13 TB Tweedy, Browne 91 D& Dodge & Cox 222 MH Mason Hawkins 47 DA David Abrams 11 MM Mason Morfit 18 BR Barry Rosenstein 10 MW Marty Whitman 55 SB Sardar Biglari 12 RP Richard Pzena 161 PM PRIMECAP Management 324 HC Hersh Cohen 698 BC Boykin Curry 56 CB Charles Brandes 193 RD Ric Dillon 186 MS Murray Stahl 351 EW Ed Wachenheim 28 DY Donald Yacktman 74 SR Steven Romick 72 AW Andrew Wellington 41 RC Ruane, Cunniff & Goldfarb 54 DS Donald Smith 66 LR Larry Robbins 44 BS Bill Smead 32 GG Glenn Greenberg 40 MM Mark Massey 8 AR Andrew Redleaf 487 CF C.T. Fitzpatrick 36 FR Francois Rochon 51 WN Will Nasgovitz 244 DI David Iben 30 EM Eric Marshall 223 WW Wallace Weitz 50 SS Sean Stannard-Stockton Q3 2024 JP Jay Petschek 164 TK Thomas Kahn 48 RR Robert Robotti 61 CD Charles de Vaulx Q4 2020 DR David Rolfe 18 AW Adam Wyden 8 GW Glenn Welling 9 LP Larry Pitkowsky 24 BL Bryan Lawrence 9 FC Francis Chou 31 AR Alex Roepers 12 MB Mark Boyar 77 Warren Lichtenstein 9 JR James Roumell Q2 2024 RO Robert Olstein 1 TB Tom Bancroft 1
Howard Marks
Oaktree Capital Management
Portfolio value
$5,673,869,137
Stocks
54
Period
Q2 2026
Filed
14 Aug 2026
Holdings Activity HistoryPRO Analytics Portrait credits Across all investors →

Distressed debt and credit specialist; concentrated value bias.

✦

Cut Sunopta Inc 99.6%, added 472% to Bioxcel Therapeutics, Inc. and opened 10 new positions, the largest SPY at 17.8%. Unknown is still the biggest weight in the book at 44.7%. The top five names are 52% of it.

Added to
7
New positions
10
Reduced
17
Action Ticker Shares Δ Position Value % Portfolio
NEW SPY +1,355,000 $1,011,873,350 17.83%
ADD QQQ +315,000 $651,714,000 11.49%
REDUCE TRMD -3,509,701 $524,260,745 9.24%
REDUCE GTX -7,000,000 $275,160,183 4.85%
REDUCE AU -44,000 $257,156,751 4.53%
REDUCE INDV -856,890 $251,399,508 4.43%
REDUCE TLN -150,000 $127,235,018 2.24%
ADD B +581,228 $117,759,575 2.08%
REDUCE ITUB -211,330 $97,857,531 1.73%
ADD OCSL +6,019,743 $93,994,056 1.66%
REDUCE FCX -19,000 $75,538,562 1.33%
ADD LILA +1,810,303 $65,463,172 1.15%
NEW VSAT +630,280 $56,605,446 1.00%
NEW MATW +1,925,992 $51,847,704 0.91%
REDUCE XP -55,200 $50,679,314 0.89%
ADD YPF +104,881 $45,076,502 0.79%
REDUCE TAC -3,415,253 $41,487,224 0.73%
NEW VC +400,000 $39,684,000 0.70%
REDUCE EMBJ -7,900 $28,053,242 0.49%
REDUCE AD -27,586 $25,268,071 0.45%
REDUCE SHAZ -710,544 $24,505,344 0.43%
REDUCE TX -10,600 $24,438,234 0.43%
NEW QMCO +2,011,678 $22,128,458 0.39%
ADD SMPL +75,000 $15,987,645 0.28%
NEW SGRY +862,588 $14,491,478 0.26%
NEW BTDR +750,000 $11,902,500 0.21%
REDUCE MX -349,858 $11,825,000 0.21%
NEW DPC +75,000 $3,679,500 0.07%
ADD BTAI +1,139,060 $1,946,150 0.03%
NEW NNBR +510,943 $1,834,285 0.03%
REDUCE TEO -1,506,139 $1,509,365 0.03%
REDUCE CX -2,663,083 $1,200,000 0.02%
REDUCE STKL -20,651,812 $406,498 0.01%
NEW OPI +10,851 $184,467 0.00%