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 |
|---|---|---|---|
| Added +200% | +680,000 | $630.2M | |
| New | +690,000 | $68M | |
| New | +3,157,686 | $65.7M | |
| New | +240,000 | $51.8M | |
Barrick Gold Corp.067901108 | Sold out | −2,516,658 | — |
Coherus Oncology Inc.Bond19249HAB9 | Sold out | −49,030,000 | — |
| Sold out | −1,229,399 | — | |
Vale Sa-Sp ADRVALE | Reduced −66% | −3,981,076 | $19.7M |
| Sold out | −960,796 | — | |
| Sold out | −2,659,492 | — | |
Talen Energy Corp.CallTLN | Reduced −77% | −215,000 | $18.9M |
Bilibili Inc.BILI | Sold out | −1,925,797 | — |
| Added +59% | +4,063,482 | $74.7M | |
| New | +2,521,245 | $32.8M | |
| Reduced −40% | −2,143,104 | $55.7M | |
Summit Hotel PropertiesBond866082AA8 | Added +1380% | +28,397,000 | $29.5M |
| Reduced −9.0% | −500,000 | $592M | |
| Reduced −59% | −190,000 | $37.8M | |
Neogenomics Inc.Bond64049MAB6 | Reduced −88% | −27,637,000 | $3.3M |
| Reduced −9.5% | −517,114 | $225.5M | |
| New | +1,842,337 | $21.8M | |
Sitio Royalties Corp-A82983N108 | Added +0.1% | +10,431 | $237.9M |
| Reduced −16% | −7,188,000 | $387.8M | |
Pebblebrook Hotel TrustBond70509VAA8 | Added +45% | +19,284,000 | $59.2M |
| Sold out | −199,684 | — | |
Anywhere Re Grp/RealogyBond75606DAP6 | Reduced −61% | −20,315,000 | $13M |
Dayforce Inc.Bond15677JAD0 | New | +18,080,000 | $17.5M |
Okta Inc.Bond679295AD7 | Added +517% | +16,958,000 | $20.1M |
Alarm.com Holdings Inc.Bond011642AB1 | Added +221% | +17,163,000 | $24.3M |
Jetblue Airways Corp.Bond477143AP6 | Added +39% | +16,747,000 | $57.6M |
Wix Ltd.Bond92940WAD1 | Added +332% | +16,226,000 | $21.1M |
Dexcom Inc.Bond252131AK3 | New | +16,111,000 | $15.9M |
| Sold out | −1,091,853 | — | |
| Reduced −77% | −199,871 | $4.3M | |
Guardant Health Inc.Bond40131MAB5 | Reduced −77% | −17,059,000 | $4.6M |
Southern Co.Bond842587DZ7 | New | +13,459,000 | $14.9M |
| New | +2,328,516 | $14.5M | |
Teladoc Health Inc.Bond87918AAF2 | Added +98% | +14,984,000 | $28.1M |
| Added +9.0% | +500,000 | $65.5M | |
Sea Ltd.SE | New | +83,513 | $13.4M |
| Sold out | −410,429 | — | |
Jd.com Inc.Bond47215PAJ5 | New | +12,352,000 | $12.9M |
NCL Corporation Ltd.Bond62886HBD2 | Sold out | −12,559,000 | — |
MKS Inc.Bond55306NAB0 | New | +11,985,000 | $11.9M |
| Added +13% | +1,293,300 | $58.2M | |
Enphase Energy Inc.Bond29355AAH0 | Added +104% | +12,004,000 | $22.5M |
Airbnb Inc.Bond009066AB7 | Added +45% | +11,192,000 | $35.1M |
Ascendis Pharma A/SBond04351PAD3 | Reduced −87% | −8,963,000 | $1.6M |
| New | +324,330 | $10.2M | |
Conmed Corp.Bond207410AH4 | Added +59% | +10,277,000 | $26.3M |
Marriott Vacation WorldwBond57164YAF4 | Added +68% | +10,497,000 | $24.1M |
Cracker Barrel Old CountBond22410JAB2 | New | +9,922,000 | $9.5M |
| Reduced −72% | −346,976 | $3.6M | |
Cable One Inc.Bond12685JAE5 | Added +22% | +9,202,000 | $49.1M |
Wec Energy Group Inc.Bond92939UAR7 | New | +7,154,000 | $8.3M |
Snap Inc.Bond83304AAH9 | Added +42% | +8,765,000 | $25.6M |
Coinbase Global Inc.Bond19260QAF4 | Added +177% | +5,044,000 | $10.3M |
Sea Ltd.Bond81141RAG5 | Added +35% | +7,714,000 | $28.4M |
| Reduced −81% | −1,891,125 | $1.5M | |
Verint Systems Inc.Bond92343XAC4 | New | +7,835,000 | $7.5M |
Pacira Biosciences Inc.Bond695127AF7 | Sold out | −7,556,000 | — |
Blackline Inc.Bond09239BAF6 | New | +6,945,000 | $7.4M |
Echostar Corp.Bond278768AB2 | Added +34% | +5,447,560 | $25.3M |
Vacasa Inc.91854V206 | Sold out | −1,375,448 | — |
Alibaba Group HoldingBond01609WBG6 | New | +5,397,000 | $6.9M |
| Reduced −9.3% | −1,000,000 | $104.9M | |
Marriott Vacation WorldwBond57164YAD9 | New | +6,746,000 | $6.5M |
| Sold out | −344,819 | — | |
National Vision HoldingsBond63845RAB3 | Sold out | −6,266,000 | — |
Parsons Corp.Bond70202LAD4 | Added +377% | +5,694,000 | $7.7M |
Five9 Inc.Bond338307AD3 | Sold out | −6,163,000 | — |
Etsy Inc.Bond29786AAN6 | Added +27% | +6,826,000 | $27.4M |
Tandem Diabetes Care Inc.Bond875372AD6 | Sold out | −6,442,000 | — |
Tetra Tech Inc.Bond88162GAB9 | Added +282% | +5,143,000 | $7.9M |
Meritage Homes Corp.Bond59001ABF8 | New | +6,077,000 | $5.9M |
| Reduced −23% | −4,544,697 | $102.8M | |
Sarepta Therapeutics Inc.Bond803607AD2 | Reduced −51% | −5,195,000 | $3.6M |
Lumentum Holdings Inc.Bond55024UAF6 | Sold out | −6,089,000 | — |
Shopify Inc.Bond82509LAA5 | Sold out | −5,600,000 | — |
| Added +34% | +400,311 | $28M | |
Zto Express Cayman Inc-AdrBond98980AAB1 | Sold out | −5,503,000 | — |
Haemonetics Corp.Bond405024AD2 | New | +5,463,000 | $5.4M |
Envista Holdings Corp.Bond29415FAD6 | Added +30% | +5,163,000 | $20.7M |
First Majestic SilverBond32076VAD5 | Added +32% | +4,979,000 | $19.6M |
Wayfair Inc.Bond94419LAM3 | Sold out | −5,056,000 | — |
H World Group Ltd.Bond44332NAB2 | Reduced −37% | −3,973,000 | $7.3M |
PG&E Corp.Bond69331CAL2 | Reduced −68% | −4,250,000 | $2M |
| New | +562,662 | $4.6M | |
Expedia Group Inc.Bond30212PBE4 | Sold out | −4,623,000 | — |
Trip.com Group Ltd.Bond89677QAB3 | New | +3,996,000 | $4.5M |
Magnite Inc.Bond55955DAB6 | Added +196% | +4,398,000 | $6.4M |
| Reduced −2.4% | −65,000 | $23.3M | |
Bridgebio Pharma Inc.Bond10806XAD4 | Added +28% | +3,921,000 | $16.9M |
Livanova PLCBond53802LAB8 | Reduced −33% | −4,993,000 | $10.2M |
Nice Ltd.Bond653656AB4 | Added +196% | +4,058,000 | $6.1M |
Upwork Inc.Bond91688FAB0 | Added +187% | +4,156,000 | $6M |
Redfin Corp.Bond75737FAE8 | Added +155% | +4,271,000 | $6.3M |
Lumentum Holdings Inc.Bond55024UAH2 | Added +110% | +2,097,000 | $6.1M |
Block Inc.Bond852234AK9 | Reduced −64% | −4,349,000 | $2.2M |
Alvotech SAALVO | Reduced −16% | −304,807 | $14.3M |
Nabors Industries Inc.Bond62957HAL9 | New | +6,500,000 | $3.8M |
Repligen Corp.Bond759916AD1 | Added +163% | +3,596,000 | $5.8M |
| Reduced −8.9% | −195,033 | $86.5M | |
JBS Nv-AJBS | New | +238,610 | $3.5M |
Cerence Inc.Bond156727AD1 | Added +725% | +4,275,000 | $3.7M |
Okta Inc.Bond679295AF2 | Added +254% | +3,341,000 | $4.5M |
| Reduced −5.6% | −123,000 | $98.6M | |
Guess Inc.Bond401617AF2 | Added +193% | +3,241,000 | $4.7M |
Redwood Trust Inc.Bond758075AF2 | Added +251% | +2,751,000 | $3.8M |
Array Technologies Inc.Bond04271TAB6 | Added +96% | +3,159,000 | $5.1M |
Solar Edge TechnologiesBond83417MAD6 | Sold out | −2,716,000 | — |
Bill Holdings Inc.Bond090043AD2 | New | +2,722,000 | $2.5M |
Cloudflare Inc.Bond18915MAC1 | New | +2,000,000 | $2.4M |
| Added +13% | +107,100 | $27.7M | |
Duke Energy Corp.Bond26441CBY0 | Added +150% | +2,250,000 | $4M |
Callaway Golf Co.Bond131193AE4 | New | +2,397,000 | $2.3M |
Redfin Corp.Bond75737FAC2 | New | +2,381,000 | $2.3M |
Novocure Ltd.Bond67011XAB9 | New | +2,385,000 | $2.3M |
Livongo HealthBond539183AA1 | Sold out | −2,317,000 | — |
Fiverr International Ltd.Bond33835LAA3 | Added +76% | +2,275,000 | $5.2M |
Li Auto Inc.Bond50202MAB8 | Added +127% | +1,847,000 | $3.9M |
Upstart Holdings Inc.Bond91680MAB3 | Added +22% | +2,138,000 | $11.3M |
Nextera Energy CapitalBond65339KCY4 | Reduced −19% | −1,700,000 | $8.1M |
Snap Inc.Bond83304AAD8 | Sold out | −2,041,000 | — |
Halozyme Therapeutics InBond40637HAD1 | New | +2,000,000 | $2M |
Enphase Energy Inc.Bond29355AAK3 | Added +25% | +2,915,000 | $12M |
Bentley SystemsBond08265TAD1 | New | +2,052,000 | $1.9M |
Ezcorp Inc.Bond302301AE6 | Sold out | −1,819,000 | — |
Snap Inc.Bond83304AAF3 | New | +2,002,000 | $1.8M |
Two Harbors Inv Corp.Bond90187BAB7 | Reduced −26% | −1,701,000 | $4.7M |
Seagate HDD CaymanBond81180WBL4 | Reduced −77% | −1,650,000 | $900.2K |
| Added 0.0% | +2 | $97.1M | |
| Added +21% | +258,255 | $26.8M | |
Vail Resorts Inc.Bond91879QAN9 | Added +27% | +1,606,000 | $7.3M |
| Added +12% | +387,700 | $31.4M | |
Dexcom Inc.Bond252131AM9 | Reduced −21% | −2,198,000 | $7.8M |
American Airlines GroupBond02376RAF9 | New | +1,500,000 | $1.5M |
Biomarin PharmaceuticalBond09061GAK7 | New | +1,481,000 | $1.4M |
Neogenomics Inc.Bond64049MAA8 | Sold out | −1,376,000 | — |
Alliant Energy Corp.Bond018802AC2 | Sold out | −1,250,000 | — |
Block Inc.Bond852234AJ2 | Reduced −73% | −1,387,000 | $492.5K |
Lyft Inc.Bond55087PAD6 | Sold out | −1,350,000 | — |
Ziff Davis Inc.Bond48123VAE2 | Reduced −21% | −1,440,000 | $5.2M |
Tyler Technologies Inc.Bond902252AB1 | New | +1,000,000 | $1.2M |
Shake Shack Inc.Bond819047AB7 | Reduced −24% | −2,735,000 | $9.5M |
Uber Technologies Inc.Bond90353TAJ9 | New | +1,000,000 | $1.2M |
Bridgebio Pharma Inc.Bond10806XAB8 | Added +68% | +850,000 | $2.6M |
Fubotv Inc.Bond35953DAB0 | Added +27% | +1,169,000 | $5.4M |
Bandwidth Inc.Bond05988JAD5 | Added +42% | +1,281,000 | $3.6M |
Pennymac Corp.Bond70932AAF0 | Reduced −18% | −1,178,000 | $5.4M |
On Semiconductor Corp.Bond682189AU9 | Added +16% | +889,000 | $5.9M |
MGP Ingredients Inc.Bond55303JAB2 | Sold out | −1,211,000 | — |
Lantheus Holdings Inc.Bond516544AB9 | New | +900,000 | $1.1M |
Groupon Inc.Bond399473AF4 | Reduced −47% | −1,203,000 | $1.3M |
Pagerduty Inc.Bond69553PAB6 | New | +1,033,000 | $1M |
Haemonetics Corp.Bond405024AB6 | Added +29% | +1,003,000 | $4.4M |
On Semiconductor Corp.Bond682189AS4 | Added +56% | +700,000 | $2.3M |
Blackline Inc.Bond09239BAD1 | New | +1,020,000 | $983.1K |
Peloton Interactive Inc.Bond70614WAB6 | Reduced −23% | −1,077,000 | $3.5M |
Liberty Media Corp.Bond531229AQ5 | Sold out | −700,000 | — |
Fluor Corp.Bond343412AJ1 | Reduced −9.0% | −494,000 | $6.6M |
Herbalife Ltd.Bond42703MAF0 | Reduced −22% | −1,045,000 | $3.4M |
Liberty Global Ltd-ALBTYA | Added +14% | +1,008,001 | $82.2M |
Esperion TherapeuticsBond29664WAB1 | Added +89% | +689,000 | $1.4M |
Irhythm Holdings Inc.Bond450056AB2 | Reduced −45% | −850,000 | $1.3M |
Affirm Holdings Inc.Bond00827BAB2 | Added +16% | +598,000 | $4M |
Shift4 Payments Inc.Bond82452JAD1 | Reduced −0.8% | −97,000 | $12.8M |
| Reduced −5.4% | −4,854 | $6.5M | |
Spotify USA Inc.Bond84921RAB6 | Reduced −7.0% | −150,000 | $3M |
| New | +241,188 | $436.6K | |
Ventas Realty LPBond92277GAZ0 | Reduced −20% | −250,000 | $1.2M |
Health Catalyst Inc.Bond42225TAB3 | Sold out | −375,000 | — |
SSR Mining Inc.Bond784730AB9 | Reduced −16% | −454,000 | $2.5M |
Workiva Inc.Bond98139AAD7 | Added +6.0% | +351,000 | $5.8M |
The Realreal Inc.Bond88339PAJ0 | Sold out | −295,000 | — |
Cytokinetics Inc.Bond23282WAC4 | Added +4.7% | +300,000 | $7.1M |
Alnylam PharmaceuticalsBond02043QAB3 | Reduced −25% | −250,000 | $976.1K |
Travere Therapeutics Inc.Bond89422GAA5 | Added +6.9% | +500,000 | $7.4M |
Lci IndustriesBond501812AB7 | New | +161,000 | $155.5K |
Blackstone Mortgage TrustBond09257WAE0 | Added +1.8% | +129,000 | $7M |
CMS Energy Corp.Bond125896BX7 | Added +5.3% | +550,000 | $11.7M |
PPL Capital Funding Inc.Bond69352PAS2 | Added +2.7% | +300,000 | $12.3M |
Integra Lifesciences HLDBond457985AM1 | Reduced −2.4% | −140,000 | $5.7M |
Guardant Health Inc.Bond40131MAD1 | Reduced −11% | −895,000 | $8.4M |
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 |