Howard Marks: Stock Portfolio, Performance and Latest Trades
Oaktree Capital Management
13F portfolio value
$7.2B
145 holdings at Q2 2026
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Howard Marks' portfolio
As of Q2 2026, filed August 14, 2026 · prices as of October 8, 2026
| Company | Share of portfolio | Average buy price | Return | Current price | Last quarter |
|---|---|---|---|---|---|
Torm Plc-ATRMD | 9.87% | $6.89 | +481% | $40.06 | Reduced −15% |
| 8.99% | $46.72 | +90.2% | $88.86 | No change | |
| 5.18% | $7.91 | +226% | $25.75 | Reduced −48% | |
| 4.84% | $19.08 | +376% | $90.78 | Reduced −1.4% | |
| 4.73% | $33.03 | +7.3% | $35.45 | Reduced −12% | |
| 3.68% | $39.80 | −14.2% | $34.13 | Added +23% | |
| 3.03% | $38.10 | +11.9% | $42.63 | No change | |
| 2.41% | $15.50 | −0.9% | $15.36 | Reduced −47% | |
| 2.40% | $277.39 | +29.5% | $359.22 | No change | |
| 2.22% | $23.64 | +69.2% | $39.99 | Added +22% | |
| 1.84% | $5.86 | +67.7% | $9.83 | Reduced −1.7% | |
Liberty Global Ltd-ALBTYA | 1.83% | $15.75 | −43.3% | $8.93 | No change |
| 1.77% | $13.89 | −15.1% | $11.79 | Added +325% | |
| 1.42% | $36.91 | +92.7% | $71.14 | Reduced −1.6% | |
| 1.35% | $19.11 | −17.4% | $15.78 | No change | |
| 1.31% | $61.17 | −44.1% | $34.19 | No change | |
Pebblebrook Hotel TrustBond70509VAA8 | 1.19% | — | — | — | Added +10% |
Biomarin PharmaceuticalBond09061GAK7 | 1.17% | — | — | — | Added +14% |
Sea Ltd.Bond81141RAG5 | 1.17% | — | — | — | Added +31% |
Etsy Inc.Bond29786AAN6 | 1.15% | — | — | — | Added +9.2% |
Sea Ltd.SE | 1.15% | $87.91 | +5.7% | $92.89 | New |
| 1.11% | $6.50 | +34.1% | $8.72 | Added +31% | |
Enphase Energy Inc.Bond29355AAK3 | 1.08% | — | — | — | Added +9.2% |
Dexcom Inc.Bond252131AM9 | 1.08% | — | — | — | Added +51% |
| 1.07% | $12.75 | +34.5% | $17.15 | Added +1.7% | |
Viasat Inc.VSAT | 1.07% | $66.21 | +1.8% | $67.41 | New |
Echostar Corp.Bond278768AB2 | 1.06% | — | — | — | No change |
Marriott Vacation WorldwBond57164YAF4 | 1.05% | — | — | — | Added +9.2% |
Draftkings Holdings Inc.Bond26142RAB0 | 1.03% | — | — | — | Added +32% |
Conmed Corp.Bond207410AH4 | 0.99% | — | — | — | Added +48% |
Makemytrip Ltd.MMYT | 0.99% | $45.50 | −4.3% | $43.53 | New |
Riot Platforms Inc.Bond767292AB1 | 0.98% | — | — | — | Reduced −67% |
Teladoc Health Inc.Bond87918AAF2 | 0.98% | — | — | — | Added +62% |
Bentley SystemsBond08265TAD1 | 0.98% | — | — | — | Added +15% |
| 0.98% | $26.87 | −28.1% | $19.31 | New | |
| 0.95% | $17.81 | +69.7% | $30.21 | Reduced −1.7% | |
Unity Software Inc.Bond91332UAB7 | 0.92% | — | — | — | Added +38% |
Five9 Inc.Bond338307AF8 | 0.89% | — | — | — | Added +145% |
Shift4 Payments Inc.Bond82452JAD1 | 0.87% | — | — | — | Added +78% |
| 0.85% | $38.81 | +28.6% | $49.90 | Added +12% | |
| 0.78% | $11.01 | +17.1% | $12.89 | Reduced −53% | |
| 0.74% | $12.98 | −50.2% | $6.46 | No change | |
Enovis Corp.Bond194014AB2 | 0.71% | — | — | — | New |
Amphastar PharmaceuticalBond03209RAB9 | 0.70% | — | — | — | Added +7.5% |
Affirm Holdings Inc.Bond00827BAB2 | 0.65% | — | — | — | Added +202% |
Array Technologies Inc.Bond04271TAB6 | 0.60% | — | — | — | Added +9.5% |
| 0.53% | $68.47 | +3.7% | $71.00 | Reduced −1.8% | |
Snap Inc.Bond83304AAF3 | 0.50% | — | — | — | Added +42% |
| 0.48% | $62.12 | −45.8% | $33.66 | Reduced −3.8% | |
| 0.47% | $10.38 | +1.8% | $10.57 | No change | |
| 0.46% | $24.03 | +62.5% | $39.05 | Reduced −71% | |
Spectrum Brands Inc.Bond84762LAZ8 | 0.46% | — | — | — | Reduced −10% |
| 0.46% | $39.41 | +43.3% | $56.47 | Reduced −1.8% | |
Quantum Corp.QMCO | 0.42% | $9.59 | +204% | $29.18 | New |
Winnebago IndustriesBond974637AF7 | 0.35% | — | — | — | Added +114% |
Block Inc.Bond852234AK9 | 0.32% | — | — | — | Added +64% |
Snap Inc.Bond83304AAH9 | 0.30% | — | — | — | Added +191% |
| 0.30% | $16.95 | −40.3% | $10.11 | Added +6.6% | |
Cogent Biosciences Inc.Bond19240QAA0 | 0.28% | — | — | — | Added +16% |
| 0.27% | $14.04 | −2.9% | $13.64 | New | |
Blackstone Mortgage TrustBond09257WAE0 | 0.26% | — | — | — | Added +8.5% |
Upwork Inc.Bond91688FAB0 | 0.26% | — | — | — | Added +13% |
Workiva Inc.Bond98139AAD7 | 0.26% | — | — | — | New |
Etsy Inc.Bond29786AAQ9 | 0.26% | — | — | — | New |
Redfin Corp.Bond75737FAE8 | 0.26% | — | — | — | Added +53% |
Starwood Property TrustBond85571BBA2 | 0.23% | — | — | — | New |
Snowflake Inc.Bond833445AB5 | 0.22% | — | — | — | Added +347% |
Nabors Industries Inc.Bond62957HAL9 | 0.21% | — | — | — | Reduced −26% |
Aerovironment Inc.Bond008073AA6 | 0.21% | — | — | — | Added +14% |
Itron Inc.Bond465741AQ9 | 0.21% | — | — | — | Added +8.4% |
Ziff Davis Inc.Bond48123VAE2 | 0.21% | — | — | — | Added +11% |
| 0.21% | $3.70 | −31.7% | $2.53 | No change | |
Arrowhead Pharmaceuticals InBond04280AAC4 | 0.21% | — | — | — | Reduced −17% |
| 0.20% | $4.80 | +0.5% | $4.82 | No change | |
Envista Holdings Corp.Bond29415FAD6 | 0.19% | — | — | — | Reduced −36% |
Cloudflare Inc.Bond18915MAF4 | 0.19% | — | — | — | New |
Rapid7 Inc.Bond753422AF1 | 0.18% | — | — | — | Added +503% |
Freshpet Inc.Bond358039AB1 | 0.17% | — | — | — | New |
Alphatec Holdings Inc.Bond02081GAB8 | 0.17% | — | — | — | New |
Smartrent Inc.SMRT | 0.17% | $4.18 | −72.2% | $1.16 | No change |
Upstart Holdings Inc.Bond91680MAB3 | 0.16% | — | — | — | Added +71% |
SitimeBond82982TAA4 | 0.15% | — | — | — | New |
Redwood Trust Inc.Bond758075AF2 | 0.15% | — | — | — | Reduced −4.4% |
Doordash Inc.Bond25809KAB1 | 0.15% | — | — | — | New |
Jd.com Inc.Bond47215PAJ5 | 0.15% | — | — | — | Reduced −27% |
Alarm.com Holdings Inc.Bond011642AD7 | 0.15% | — | — | — | Added +711% |
Pennymac Corp.Bond70932AAH6 | 0.14% | — | — | — | Added +79% |
Cerence Inc.Bond156727AD1 | 0.14% | — | — | — | Added +33% |
Celcuity Inc.Bond15102KAB6 | 0.13% | — | — | — | New |
| 0.13% | $10.21 | −69.1% | $3.16 | Reduced −47% | |
Workiva Inc.Bond98139AAB1 | 0.13% | — | — | — | New |
Cracker Barrel Old CountBond22410JAD8 | 0.13% | — | — | — | New |
Etsy Inc.Bond29786AAL0 | 0.13% | — | — | — | New |
Pagerduty Inc.Bond69553PAD2 | 0.13% | — | — | — | Added +20% |
| 0.12% | $7.37 | +19.1% | $8.77 | No change | |
Sarepta Therapeutics Inc.Bond803607AD2 | 0.12% | — | — | — | New |
Lci IndustriesBond501812AD3 | 0.12% | — | — | — | New |
Uber Technologies Inc.Bond90353TAS9 | 0.12% | — | — | — | New |
Bill Holdings Inc.Bond090043AD2 | 0.12% | — | — | — | Added +91% |
Green Plains Inc.Bond393222AK0 | 0.09% | — | — | — | No change |
Gladstone Capital Corp.Bond376535AG5 | 0.09% | — | — | — | Added +163% |
Strategy Inc.Bond594972AS0 | 0.09% | — | — | — | Reduced −55% |
Firstenergy Corp.Bond337932AT4 | 0.09% | — | — | — | New |
Rubrik Inc.Bond781154AD1 | 0.09% | — | — | — | New |
Northern Oil And Gas Inc.Bond665531AJ8 | 0.08% | — | — | — | Added +131% |
| 0.07% | $4.67 | −77.9% | $1.03 | No change | |
| 0.07% | $49.06 | −20.8% | $38.84 | New | |
Rivian Auto Inc.Bond76954AAD5 | 0.07% | — | — | — | Added +162% |
Ziff Davis Inc.Bond48123VAH5 | 0.07% | — | — | — | No change |
Transmedics Group Inc.Bond89377MAB5 | 0.06% | — | — | — | New |
Service Properties Trust81761L102 | 0.06% | $1.69 | — | — | New |
Wec Energy Group Inc.Bond92939UAT3 | 0.06% | — | — | — | New |
Akamai Technologies Inc.Bond00971TAN1 | 0.06% | — | — | — | Reduced −51% |
NCL Corporation Ltd.Bond62886HBD2 | 0.05% | — | — | — | New |
Nutanix Inc.Bond67059NAH1 | 0.05% | — | — | — | Reduced −71% |
MGP Ingredients Inc.Bond55303JAB2 | 0.05% | — | — | — | Reduced −60% |
Uber Technologies Inc.Bond90353TAM2 | 0.05% | — | — | — | No change |
Live Nation EntertainmenBond538034BC2 | 0.04% | — | — | — | No change |
Haemonetics Corp.Bond405024AD2 | 0.04% | — | — | — | Added +150% |
Datadog Inc.Bond23804LAD5 | 0.04% | — | — | — | Reduced −82% |
| 0.04% | $1.26 | — | — | Added +472% | |
NN Inc.NNBR | 0.03% | $2.49 | +61.2% | $4.01 | New |
Fluor Corp.Bond343412AJ1 | 0.03% | — | — | — | Reduced −7.3% |
Groupon Inc.Bond399473AK3 | 0.03% | — | — | — | New |
On Semiconductor Corp.Bond682189AU9 | 0.03% | — | — | — | New |
| 0.03% | $11.78 | +8.7% | $12.80 | Reduced −93% | |
Revolution Medicines Inc.Bond76155XAA8 | 0.03% | — | — | — | New |
| 0.02% | $4.61 | +108% | $9.56 | Reduced −96% | |
Alvotech SAALVOW | 0.02% | $0.84 | −46.5% | $0.4496 | No change |
Neogenomics Inc.Bond64049MAB6 | 0.02% | — | — | — | Reduced −81% |
Alibaba Group HoldingBond01609WBG6 | 0.02% | — | — | — | New |
Snap Inc.Bond83304AAB2 | 0.02% | — | — | — | Reduced −77% |
Immunocore HoldingsBond45258DAB1 | 0.01% | — | — | — | No change |
Sunopta Inc.STKL | 0.01% | $11.30 | — | — | Reduced −100% |
Rice Acquisition Corp. 3KRSP/WS | 0.01% | $0.80 | — | — | No change |
Alvotech SAALVO | 0.01% | $9.08 | −37.5% | $5.67 | Reduced −59% |
Shake Shack Inc.Bond819047AB7 | 0.00% | — | — | — | New |
| 0.00% | $17.00 | −11.4% | $15.06 | New |
Howard Marks' options
As of Q2 2026. Value = shares the options cover.
| Company | Type | Value of shares covered | Last quarter |
|---|---|---|---|
| Put · bet on a fall or hedge | $1B | New | |
| Put · bet on a fall or hedge | $651.7M | Added +55% | |
| Call · bet on a rise | $128M | Added +43% | |
| Put · bet on a fall or hedge | $47.4M | Added +80% | |
| Put · bet on a fall or hedge | $39.7M | New | |
| Call · bet on a rise | $11.9M | New | |
| Call · bet on a rise | $4.7M | New | |
| Put · bet on a fall or hedge | — | Sold out | |
| Call · bet on a rise | — | Sold out |
Howard Marks' buys and sells
| Company | Action | Shares change | Value now |
|---|---|---|---|
| Reduced −38% | −10,000,000 | $309.8M | |
Vistra Corp.VST | Reduced −47% | −8,000,000 | $298.6M |
| Sold out | −4,600,000 | — | |
Caterpillar Inc.PutCAT | New | +400,000 | $109.2M |
Anglogold Ashanti-Spon ADR035128206 | Sold out | −4,728,622 | — |
| New | +5,428,819 | $85.8M | |
| Added +109% | +235,000 | $30.1M | |
Eagle Bulk Shipping Inc.Bond269442AB5 | Sold out | −40,495,000 | — |
Eagle Bulk Shipping Inc.Bond269442AA7 | New | +40,495,000 | $57.5M |
| Added +26% | +250,000 | $176.8M | |
Azul Sa-Spon ADR05501U106 | Reduced −63% | −2,661,073 | $13.6M |
| Reduced −30% | −1,182,003 | $43.8M | |
| Reduced −30% | −1,189,531 | $64.6M | |
Wayfair Inc.Bond94419LAF8 | Sold out | −30,350,000 | — |
| Sold out | −6,300,000 | — | |
| Added +3.0% | +926,807 | $90.5M | |
Blackstone Mortgage TrustBond09257WAE0 | New | +17,771,000 | $15.9M |
Berry Corp.08579X101 | Reduced −45% | −3,000,000 | $30.3M |
| Reduced −21% | −1,655,559 | $93.1M | |
| Added +69% | +695,180 | $49.7M | |
Docusign Inc.Bond256163AD8 | New | +14,592,000 | $14.4M |
First Majestic SilverBond32076VAD5 | New | +18,030,000 | $13.6M |
Jetblue Airways Corp.Bond477143AP6 | Reduced −35% | −14,391,000 | $21M |
Shopify Inc.Bond82509LAA5 | Reduced −95% | −14,401,000 | $728K |
| Reduced −76% | −2,522,741 | $4.1M | |
Vale Sa-Sp ADRVALE | Added +12% | +911,385 | $116.5M |
New Mountain Finance CorBond647551AC4 | Sold out | −11,951,000 | — |
| Reduced −3.5% | −500,000 | $90.9M | |
| Reduced −4.8% | −349,933 | $603.6M | |
| Sold out | −764,952 | — | |
Itron Inc.Bond465741AN6 | Reduced −69% | −12,534,000 | $4.9M |
| New | +590,774 | $11.2M | |
| New | +1,300,000 | $10.7M | |
| Reduced −29% | −183,637 | $17M | |
Spotify USA Inc.Bond84921RAB6 | Reduced −32% | −11,998,000 | $21.8M |
| New | +1,192,691 | $9.8M | |
Airbnb Inc.Bond009066AB7 | Sold out | −11,153,000 | — |
Intercept PharmasBond45845PAA6 | Sold out | −9,506,000 | — |
Apollo Cmmrl Real Est FiBond03762UAC9 | Reduced −74% | −9,164,000 | $3.2M |
Monterey Capital Acquisition Corp.61244M109 | Sold out | −792,000 | — |
Greenlight Capital ReBond395366AB3 | Sold out | −8,363,000 | — |
Euronet Worldwide Inc.Bond298736AL3 | New | +8,771,000 | $8.1M |
Nuveen Senior Income Fund67067Y104 | Sold out | −1,669,270 | — |
Okta Inc.Bond679295AF2 | Sold out | −8,595,000 | — |
Wayfair Inc.Bond94419LAM3 | New | +8,471,000 | $7.3M |
Ionis Pharmaceuticals InBond462222AB6 | Sold out | −7,702,000 | — |
Lyft Inc.Bond55087PAB0 | Added +269% | +7,690,000 | $9.7M |
| Sold out | −675,000 | — | |
Bilibili Inc.Bond090040AF3 | New | +7,858,000 | $7M |
Integra Lifesciences HLDBond457985AM1 | Sold out | −7,236,000 | — |
| Reduced −3.3% | −55,000 | $16.6M | |
Snap Inc.Bond83304AAH9 | Reduced −43% | −8,887,000 | $8.3M |
Alvotech SAALVO | Reduced −25% | −1,715,655 | $46M |
Pebblebrook Hotel TrustBond70509VAA8 | New | +7,436,000 | $6.2M |
| Sold out | −793,641 | — | |
| New | +530,675 | $6.2M | |
Nuvasive Inc.Bond670704AJ4 | Reduced −26% | −7,028,000 | $18.4M |
Haemonetics Corp.Bond405024AB6 | Reduced −28% | −7,217,000 | $16.5M |
Ringcentral Inc.Bond76680RAF4 | Sold out | −6,333,000 | — |
Blue World Acquisition Corp.G1263E102 | Sold out | −550,000 | — |
| Reduced −22% | −129,977 | $11.7M | |
Liberty Media Corp.Bond531229AQ5 | New | +5,822,000 | $5.7M |
| Added +2.9% | +107,729 | $65.2M | |
Health Catalyst Inc.Bond42225TAB3 | Sold out | −5,836,000 | — |
Tripadvisor Inc.Bond896945AD4 | Added +49% | +6,488,000 | $16.7M |
Metal Sky Star Acq -Cw27G6053N105 | Sold out | −496,000 | — |
Teladoc Health Inc.Bond87918AAF2 | New | +6,900,000 | $5.5M |
Livongo HealthBond539183AA1 | Reduced −44% | −6,114,000 | $7.1M |
Herbalife Ltd.Bond42703MAD5 | Added +451% | +5,475,000 | $6.5M |
Duet Acquisition Corp.26431Q106 | Sold out | −500,000 | — |
Sea Ltd.Bond81141RAG5 | Reduced −26% | −6,365,000 | $14.3M |
Bill Holdings Inc.Bond090043AB6 | Sold out | −4,892,000 | — |
Coinbase Global Inc.Bond19260QAB3 | Reduced −22% | −6,714,000 | $18.1M |
Strategy Inc.Bond594972AE1 | Reduced −50% | −7,988,000 | $5.7M |
Tilray Brands Inc.Bond88688TAB6 | New | +4,971,000 | $5M |
Evergreen Corporation -Cw27G3312W109 | Sold out | −450,000 | — |
Air Transport Services GBond00922RAB1 | Reduced −52% | −5,143,000 | $4.5M |
Hello Group Inc.Bond60879BAB3 | Sold out | −4,832,000 | — |
Welbach Technology Metals Ac950415109 | Sold out | −450,000 | — |
Neogenomics Inc.Bond64049MAB6 | Reduced −50% | −6,196,000 | $4.4M |
Innoviva Inc.Bond45781MAD3 | Added +124% | +5,669,000 | $8.5M |
Dish Network Corp.Bond25470MAD1 | Sold out | −5,250,000 | — |
Enphase Energy Inc.Bond29355AAK3 | Reduced −58% | −4,465,000 | $2.7M |
Atlantica Jersey Ltd.Bond04916EAB0 | New | +4,983,000 | $4.6M |
| Added +2.9% | +8,193 | $37.1M | |
| Sold out | −410,000 | — | |
Biomarin PharmaceuticalBond09061GAH4 | Sold out | −4,448,000 | — |
| Sold out | −400,000 | — | |
Etsy Inc.Bond29786AAJ5 | New | +4,190,000 | $4.3M |
Hainan Manaslu Acquisition Corp.G4233U107 | Sold out | −400,000 | — |
Consilium Acquisitn Corp. I LG2365L101 | Sold out | −400,000 | — |
| Added +3.0% | +78,500 | $100.9M | |
Etsy Inc.Bond29786AAN6 | Reduced −52% | −5,299,000 | $3.8M |
Splunk Inc.Bond848637AF1 | Sold out | −4,819,000 | — |
| Sold out | −398,000 | — | |
| Reduced −54% | −400,000 | $3.6M | |
| Reduced −11% | −107,768 | $35.6M | |
Magnite Inc.Bond55955DAB6 | Reduced −54% | −4,849,000 | $3.5M |
Wisdomtree Inc.Bond97717PAD6 | Sold out | −3,967,000 | — |
Block Inc.Bond852234AF0 | New | +4,058,000 | $3.8M |
Rigel Resource Acquisition Corp.G7573M106 | Sold out | −350,000 | — |
| Sold out | −350,000 | — | |
Cracker Barrel Old CountBond22410JAB2 | New | +4,464,000 | $3.7M |
Mesa Laboratories Inc.Bond59064RAA7 | Added +84% | +3,890,000 | $7.7M |
Liberty Latin AmericaBond53069QAB5 | Added +51% | +3,707,000 | $10.4M |
Cheesecake Factory (The)Bond163072AA9 | New | +4,055,000 | $3.4M |
| Sold out | −300,000 | — | |
Mfa Financial Inc.Bond55272XAA0 | Added +22% | +3,043,000 | $16.7M |
| Added +2.8% | +227,399 | $45.2M | |
A Spac I Acquisition Corp.G0542S106 | Sold out | −290,000 | — |
Keyarch Acquisition Corp.G5260A104 | Sold out | −290,000 | — |
RWT Holdings Inc.Bond749772AD1 | Added +10% | +2,078,000 | $20.4M |
3D Systems Corp.Bond88554DAD8 | New | +4,056,000 | $2.9M |
Shake Shack Inc.Bond819047AB7 | Reduced −30% | −2,978,000 | $5.2M |
Alteryx Inc.Bond02156BAD5 | Reduced −33% | −3,169,000 | $6.2M |
Nabors Industries Inc.Bond62957HAB1 | Sold out | −2,974,000 | — |
Viavi Solutions Inc.Bond925550AB1 | Reduced −41% | −2,809,000 | $4M |
Bandwidth Inc.Bond05988JAB9 | Reduced −52% | −3,641,000 | $2.7M |
Splunk Inc.Bond848637AC8 | Sold out | −2,833,000 | — |
Uber Technologies Inc.Bond90353TAJ9 | Sold out | −2,968,000 | — |
Redwood Trust Inc.Bond758075AD7 | Sold out | −2,814,000 | — |
| Sold out | −250,000 | — | |
| Sold out | −250,000 | — | |
| Sold out | −245,000 | — | |
Mobiv Acquisition Corp.60742N106 | Sold out | −245,000 | — |
Ezcorp Inc.Bond302301AE6 | Reduced −29% | −2,917,000 | $6.8M |
Digitalocean HoldingsBond25402DAB8 | Reduced −18% | −2,952,000 | $10.4M |
Wix Ltd.Bond92940WAD1 | Reduced −65% | −2,905,000 | $1.4M |
Hudson Acquisition I Corp.44364H100 | Sold out | −240,000 | — |
Bilibili Inc.Bond090040AB2 | New | +2,491,000 | $2.5M |
Denali Capital Acq-Cw27G6256B106 | Sold out | −225,000 | — |
Block Inc.Bond852234AJ2 | New | +2,839,000 | $2.4M |
Accolade Inc.Bond00437EAB8 | Added +33% | +2,817,000 | $9.5M |
Solar Edge TechnologiesBond83417MAD6 | Sold out | −1,955,000 | — |
Alnylam PharmaceuticalsBond02043QAB3 | New | +2,500,000 | $2.3M |
Intercept PharmasBond45845PAB4 | Reduced −38% | −4,529,000 | $7.2M |
Sarepta Therapeutics Inc.Bond803607AD2 | New | +2,000,000 | $2.2M |
TechtargetBond87874RAD2 | Added +21% | +2,477,000 | $11.4M |
| Sold out | −200,000 | — | |
Ford Motor Co.Bond345370CZ1 | Reduced −11% | −1,050,000 | $8.4M |
Arisz Acquisition Corp.040450108 | Sold out | −200,000 | — |
Upstart Holdings Inc.Bond91680MAB3 | Reduced −31% | −2,869,000 | $4.3M |
Halozyme Therapeutics InBond40637HAF6 | New | +2,250,000 | $2.1M |
Box Inc.Bond10316TAB0 | New | +1,900,000 | $2.1M |
Kaman Corp.Bond483548AF0 | Added +14% | +1,926,000 | $15M |
Snap Inc.Bond83304AAB2 | Reduced −50% | −2,000,000 | $1.8M |
Turning Point Brands Inc.Bond90041LAE5 | Added +26% | +2,013,000 | $9.4M |
Lumentum Holdings Inc.Bond55024UAF6 | Reduced −14% | −1,649,000 | $7.5M |
Pennymac Corp.Bond70932AAD5 | Added +10% | +1,442,000 | $15M |
I3 Verticals LLCBond44933TAB2 | New | +2,029,000 | $1.9M |
Farfetch Ltd.Bond30744WAD9 | New | +3,485,000 | $1.9M |
| Sold out | −175,000 | — | |
Expedia Group Inc.Bond30212PBE4 | Reduced −35% | −1,931,000 | $3.2M |
H World Group Ltd.Bond44332NAB2 | New | +1,400,000 | $1.6M |
Greenbrier Cos. Inc.Bond393657AM3 | Sold out | −1,620,000 | — |
Knightswan Acquisition Corp.499103109 | Sold out | −150,000 | — |
Array Technologies Inc.Bond04271TAB6 | New | +1,351,000 | $1.5M |
NRG Energy Inc.Bond629377CG5 | Added +33% | +1,439,000 | $6.2M |
Anywhere Re Grp/RealogyBond75606DAP6 | New | +2,008,000 | $1.5M |
Omnicell Inc.Bond68213NAD1 | Sold out | −1,500,000 | — |
Wolfspeed Inc.Bond977852AB8 | Added +84% | +2,676,000 | $4M |
Affirm Holdings Inc.Bond00827BAB2 | Reduced −11% | −2,194,000 | $13.1M |
Insulet CorporationBond45784PAK7 | New | +1,500,000 | $1.5M |
Sunrun Inc.Bond86771WAB1 | Sold out | −2,037,000 | — |
Novocure Ltd.Bond67011XAB9 | Sold out | −1,621,000 | — |
Sea Ltd.Bond81141RAF7 | Added +24% | +1,883,000 | $9.3M |
Perficient Inc.Bond71375UAF8 | Reduced −4.6% | −1,046,000 | $17.6M |
Cable One Inc.Bond12685JAE5 | Reduced −5.5% | −1,541,000 | $21.6M |
Draftkings Holdings Inc.Bond26142RAB0 | Sold out | −1,619,000 | — |
Nutanix Inc.Bond67059NAH1 | Added +23% | +1,100,000 | $5.3M |
Helix Energy SolutionsBond42330PAJ6 | Sold out | −1,169,000 | — |
Southwest Airlines Co.Bond844741BG2 | Reduced −23% | −700,000 | $2.3M |
Chegg Inc.Bond163092AD1 | Added +76% | +1,244,000 | $2.6M |
Shift4 Payments Inc.Bond82452JAD1 | Added +68% | +1,337,000 | $2.8M |
| Sold out | −100,000 | — | |
Bioplus Acquisition Corp.G11217117 | Sold out | −100,000 | — |
Andretti Acquisition Corp.G26735103 | Sold out | −100,000 | — |
Cloudflare Inc.Bond18915MAC1 | Reduced −16% | −1,250,000 | $5.5M |
Heartland Media Acquisitio-A42237V108 | Sold out | −100,000 | — |
Bandwidth Inc.Bond05988JAD5 | Added +40% | +1,596,000 | $3.6M |
Golden Star Acquisition Corp.G4023C127 | Sold out | −100,000 | — |
Golden Star Acquisition Corp.G4023C101 | New | +100,000 | $1M |
Illumina Inc.Bond452327AK5 | Sold out | −1,000,000 | — |
PDD Holdings Inc.Bond722304AC6 | Added +12% | +880,000 | $7.9M |
Hci Group Inc.Bond40416EAF0 | Reduced −15% | −782,000 | $4.3M |
The Realreal Inc.Bond88339PAD3 | New | +2,029,000 | $958.7K |
Neogenomics Inc.Bond64049MAA8 | Sold out | −1,014,000 | — |
Jazz Investments I Ltd.Bond472145AD3 | Added +17% | +826,000 | $5.5M |
Zillow Group Inc.Bond98954MAG6 | Reduced −18% | −500,000 | $2.7M |
NCL Corporation Ltd.Bond62886HBD2 | Added +77% | +1,085,000 | $2.1M |
Chegg Inc.Bond163092AF6 | Reduced −9.5% | −1,614,000 | $12.1M |
| Added +20% | +410,415 | $11.7M | |
Nio Inc.Bond62914VAF3 | Added +22% | +610,000 | $3M |
Liv Capital Acquisition Corp. IIG5510R105 | Sold out | −60,000 | — |
| Reduced −17% | −69,624 | $4.3M | |
Splunk Inc.Bond848637AD6 | Reduced −15% | −1,035,000 | $6.5M |
Fiverr International Ltd.Bond33835LAA3 | Reduced −8.6% | −993,000 | $9.2M |
| Sold out | −103,278 | — | |
| Reduced −18% | −54,942 | $3M | |
| Sold out | −50,000 | — | |
Vahanna Tech Edge -Cw24G9320Z109 | Sold out | −50,000 | — |
Western Digital Corp.Bond958102AP0 | Reduced −3.7% | −832,000 | $21.3M |
Blackline Inc.Bond09239BAD1 | Reduced −6.7% | −779,000 | $9.4M |
Joyy Inc.Bond98426TAF3 | Added +4.8% | +389,000 | $8.1M |
| Added +23% | +116,495 | $37.1M | |
Shift4 Payments Inc.Bond82452JAB5 | Added +28% | +650,000 | $2.9M |
M/A-Com Tech SolutionsBond55405YAB6 | Reduced −33% | −500,000 | $1.1M |
Bridgebio Pharma Inc.Bond10806XAD4 | Reduced −11% | −802,000 | $4.9M |
Greenbrier Cos. Inc.Bond393657AK7 | Added +6.9% | +319,000 | $4.9M |
Lumentum Holdings Inc.Bond55024UAB5 | Reduced −6.3% | −100,000 | $1.5M |
Dayforce Inc.Bond15677JAD0 | Added +2.1% | +200,000 | $8.4M |
| Reduced −1.3% | −5,003 | $4.9M | |
| Sold out | −28,937 | — | |
Redfin Corp.Bond75737FAE8 | Added +20% | +1,561,000 | $5.4M |
Unity Software Inc.Bond91332UAB7 | Added +2.2% | +193,000 | $7M |
| Reduced −11% | −221,577 | $64.4M | |
Alarm.com Holdings Inc.Bond011642AB1 | Reduced −1.4% | −378,000 | $22.9M |
| Added +31% | +320,789 | $40.9M |
Howard Marks' portfolio by sector
Share of the stock portfolio at Q2 2026.
| Sector | Share |
|---|---|
| Industrials | 20% |
| Energy | 18% |
| Materials | 15% |
| Communication Services | 12% |
| Health Care | 8.6% |
| Financials | 8.0% |
| Consumer Discretionary | 7.3% |
| Utilities | 4.5% |
| Other | 3.6% |
| Real Estate | 1.8% |
| Technology | 1.7% |
| Consumer Staples | 0.4% |
Portfolio performance: Howard Marks vs. benchmarks
Your result if you had bought each reported portfolio on the day it was made public and held it until the next report, against the S&P 500 and Nasdaq-100.
- You, copying after each 13F filing – estimated value
- S&P 500
- Nasdaq-100
| Total return | Per year | |
|---|---|---|
| You, copying after each 13F filing – estimated value | +210.2% | +25.4% |
| S&P 500 | +89.0% | +13.6% |
| Nasdaq-100 | +113.3% | +16.4% |
Prices were available for 63% of the portfolio value on average; the rest is left out of the return.
Howard Marks' most traded stocks
Quarters with a buy or a sell, all reports since Q1 2012.
| Company | Quarters bought | Quarters sold |
|---|---|---|
| 39 | 23 | |
Vale Sa-Sp ADRVALE | 30 | 24 |
| 31 | 21 | |
| 29 | 20 | |
| 22 | 17 | |
| 27 | 12 | |
| 22 | 12 | |
| 11 | 19 | |
| 18 | 11 | |
| 17 | 11 | |
| 17 | 11 | |
| 14 | 14 | |
| 20 | 8 | |
| 17 | 10 | |
| 16 | 9 |