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 |
|---|---|---|---|
| New | +570,000 | $329M | |
Vaneck Gold Miners ETFPutSMH | Sold out | −865,000 | — |
| Sold out | −385,000 | — | |
Indivior PLCG4766E116 | Sold out | −7,108,644 | — |
| New | +6,984,102 | $212.9M | |
| New | +1,000,000 | $181.8M | |
Torm Plc-ATRMD | Reduced −9.8% | −2,585,484 | $675.1M |
| New | +6,089,413 | $126.4M | |
| Sold out | −517,328 | — | |
Oracle Corp.PutORCL | Sold out | −500,000 | — |
| Sold out | −4,479,175 | — | |
| Reduced −40% | −2,493,630 | $178.2M | |
Talen Energy Corp.CallTLN | Reduced −50% | −150,000 | $47.9M |
Cable One Inc.Bond12685JAE5 | Sold out | −58,874,000 | — |
| Sold out | −11,207,699 | — | |
American Water Capital CBond03040WBE4 | Added +1532% | +52,495,000 | $55.8M |
Coinbase Global Inc.Bond19260QAB3 | New | +52,633,000 | $52.2M |
| New | +539,000 | $50.6M | |
Airbnb Inc.Bond009066AB7 | Sold out | −50,633,000 | — |
| Sold out | −150,000 | — | |
| New | +886,465 | $41M | |
Q2 Holdings Inc.Bond74736LAD1 | New | +41,053,000 | $40.9M |
| New | +500,000 | $40.3M | |
Bentley SystemsBond08265TAD1 | Added +598% | +40,265,000 | $44.7M |
| Sold out | −782,250 | — | |
| Sold out | −3,519,764 | — | |
| Sold out | −1,962,892 | — | |
Progress Software Corp.Bond743312AB6 | New | +36,154,000 | $36.1M |
| Reduced −52% | −2,986,241 | $31.6M | |
| Reduced −15% | −2,500,000 | $265.2M | |
| Reduced −40% | −7,551,921 | $90.1M | |
| Sold out | −694,502 | — | |
| Sold out | −1,523,231 | — | |
| Added +16% | +603,857 | $180.7M | |
| Added +5.1% | +191,700 | $55.6M | |
Alarm.com Holdings Inc.Bond011642AB1 | Sold out | −27,198,000 | — |
| New | +447,606 | $26.6M | |
Vale Sa-Sp ADRVALE | Sold out | −2,023,706 | — |
Unity Software Inc.Bond91332UAB7 | Added +296% | +26,865,000 | $35M |
Shift4 Payments Inc.Bond82452JAD1 | New | +27,272,000 | $25.7M |
Core Scientific Inc.CallCORZ | Added +75% | +1,500,000 | $52.4M |
| New | +1,000,000 | $22.7M | |
| Reduced −12% | −350,259 | $107.1M | |
Summit Hotel PropertiesBond866082AA8 | Sold out | −21,560,000 | — |
| Sold out | −1,094,752 | — | |
Dayforce Inc.Bond15677JAD0 | Sold out | −19,351,000 | — |
Okta Inc.Bond679295AF2 | Added +66% | +18,662,000 | $46.7M |
| Added +12% | +1,000,000 | $139.9M | |
Pebblebrook Hotel TrustBond70509VAA8 | Added +45% | +18,030,000 | $56.4M |
| Sold out | −390,835 | — | |
Block Inc.Bond852234AJ2 | Added +87% | +17,536,000 | $37.7M |
Livanova PLCBond53802LAB8 | Sold out | −15,285,000 | — |
Enphase Energy Inc.Bond29355AAK3 | Added +48% | +18,442,000 | $50.6M |
PPL Capital Funding Inc.Bond69352PAS2 | Sold out | −15,672,000 | — |
Draftkings Holdings Inc.Bond26142RAB0 | Added +76% | +19,130,000 | $40M |
Tetra Tech Inc.Bond88162GAB9 | Sold out | −15,289,000 | — |
MGP Ingredients Inc.Bond55303JAB2 | Reduced −73% | −16,974,000 | $6M |
CMS Energy Corp.Bond125896BX7 | Sold out | −15,199,000 | — |
| Added +3.5% | +175,114 | $575M | |
| New | +1,128,889 | $16.2M | |
Haemonetics Corp.Bond405024AB6 | Sold out | −15,030,000 | — |
| Reduced −16% | −624,899 | $313.8M | |
Wec Energy Group Inc.Bond92939UAR7 | Sold out | −11,957,000 | — |
| New | +4,500,000 | $13.9M | |
Envista Holdings Corp.Bond29415FAD6 | Reduced −48% | −14,809,000 | $15.9M |
Biomarin PharmaceuticalBond09061GAK7 | Added +33% | +13,867,000 | $54M |
Lantheus Holdings Inc.Bond516544AB9 | Sold out | −11,525,000 | — |
Jazz Investments I Ltd.Bond472145AH4 | Reduced −86% | −9,139,000 | $2.1M |
Marriott Vacation WorldwBond57164YAF4 | Added +29% | +11,749,000 | $50.2M |
Dexcom Inc.Bond252131AM9 | Added +44% | +12,428,000 | $37.3M |
Arrowhead Pharmaceuticals InBond04280AAC4 | New | +11,055,000 | $11.5M |
Pennymac Corp.Bond70932AAF0 | Sold out | −10,935,000 | — |
| New | +1,685,000 | $10.9M | |
Enphase Energy Inc.Bond29355AAH0 | Sold out | −10,911,000 | — |
Ecovyst Inc.ECVT | Reduced −44% | −1,860,712 | $30.8M |
Winnebago IndustriesBond974637AF7 | Reduced −54% | −10,844,000 | $8.5M |
| Reduced −14% | −363,859 | $82.8M | |
Magnite Inc.Bond55955DAB6 | Sold out | −10,305,000 | — |
Etsy Inc.Bond29786AAN6 | Added +22% | +11,031,000 | $54.8M |
| Sold out | −95,294 | — | |
Sea Ltd.Bond81141RAG5 | Added +23% | +9,031,000 | $46.9M |
Fluor Corp.Bond343412AJ1 | Reduced −85% | −8,000,000 | $1.7M |
| Sold out | −1,270,000 | — | |
Coinbase Global Inc.Bond19260QAF4 | Reduced −78% | −8,146,000 | $2.2M |
Freshpet Inc.Bond358039AB1 | Sold out | −7,300,000 | — |
Five9 Inc.Bond338307AF8 | Reduced −28% | −8,610,000 | $19M |
Jd.com Inc.Bond47215PAJ5 | Reduced −43% | −8,180,000 | $11M |
| Reduced −31% | −725,264 | $19M | |
Live Nation EntertainmenBond538034BC2 | Reduced −81% | −7,857,000 | $2M |
Bandwidth Inc.Bond05988JAD5 | Reduced −69% | −9,483,000 | $3.7M |
MKS Inc.Bond55306NAB0 | Sold out | −6,255,000 | — |
| New | +750,000 | $7.4M | |
| New | +49,028 | $7.2M | |
Aerovironment Inc.Bond008073AA6 | Reduced −35% | −5,450,000 | $10.1M |
Snap Inc.Bond83304AAH9 | Reduced −55% | −7,422,000 | $5.5M |
Cracker Barrel Old CountBond22410JAB2 | Reduced −21% | −6,926,000 | $25.7M |
Trip.com Group Ltd.Bond89677QAB3 | Added +538% | +6,399,000 | $7.9M |
Vertex Inc.Bond92538JAB2 | Sold out | −6,507,000 | — |
Akamai Technologies Inc.Bond00971TAN1 | New | +5,397,000 | $6.2M |
Affirm Holdings Inc.Bond00827BAB2 | Added +121% | +6,312,000 | $11.2M |
| Reduced −4.5% | −148,150 | $60.4M | |
Amphastar PharmaceuticalBond03209RAB9 | Reduced −13% | −5,542,000 | $34.5M |
Jetblue Airways Corp.Bond477143AP6 | Added +5.0% | +4,563,000 | $94.8M |
Nutanix Inc.Bond67059NAH1 | Added +280% | +5,600,000 | $7.8M |
Shake Shack Inc.Bond819047AB7 | Sold out | −5,686,000 | — |
Upwork Inc.Bond91688FAB0 | Added +78% | +5,461,000 | $12.3M |
Pagerduty Inc.Bond69553PAD2 | New | +5,935,000 | $5.4M |
Mitek Systems Inc.Bond606710AA9 | Sold out | −5,374,000 | — |
Strategy Inc.Bond594972AS0 | Added +110% | +6,317,000 | $10.1M |
Nutanix Inc.Bond67059NAK4 | Sold out | −5,436,000 | — |
Teladoc Health Inc.Bond87918AAF2 | Reduced −14% | −5,409,000 | $31.7M |
Nabors Industries Inc.Bond62957HAL9 | Reduced −33% | −7,926,000 | $14.7M |
Block Inc.Bond852234AK9 | Added +85% | +5,047,000 | $10.3M |
Penn Entertainment Inc.Bond707569AU3 | Added +93% | +4,610,000 | $9.6M |
Echostar Corp.Bond278768AB2 | Added 0.0% | +1 | $64.3M |
Pennymac Corp.Bond70932AAH6 | New | +3,971,000 | $4.2M |
PG&E Corp.Bond69331CAL2 | New | +4,000,000 | $4.1M |
| New | +200,020 | $4.1M | |
Synaptics Inc.Bond87157DAJ8 | Reduced −20% | −3,435,000 | $14.3M |
Conmed Corp.Bond207410AH4 | Reduced −10% | −4,135,000 | $35.1M |
Cogent Biosciences Inc.Bond19240QAA0 | Added +34% | +2,571,000 | $12.5M |
Two Harbors Inv Corp.Bond90187BAB7 | Sold out | −3,298,000 | — |
| Reduced −12% | −1,633,752 | $102.1M | |
Ford Motor Co.Bond345370CZ1 | Sold out | −2,900,000 | — |
JBT Marel Corp.Bond477839AB0 | New | +2,927,000 | $2.9M |
Bridgebio Pharma Inc.Bond10806XAD4 | Sold out | −2,550,000 | — |
| Reduced −2.3% | −169,510 | $9.5M | |
Green Plains Inc.Bond393222AK0 | Reduced −35% | −2,679,000 | $5M |
Uber Technologies Inc.Bond90353TAM2 | New | +2,000,000 | $2.4M |
On Semiconductor Corp.Bond682189AS4 | Sold out | −1,950,000 | — |
Redfin Corp.Bond75737FAE8 | Reduced −22% | −2,644,000 | $8.8M |
Wisdomtree Inc.Bond97717PAH7 | Sold out | −1,850,000 | — |
Northern Oil And Gas Inc.Bond665531AJ8 | New | +2,000,000 | $2.2M |
Upstart Holdings Inc.Bond91680MAB3 | Reduced −32% | −2,330,000 | $4.8M |
Dropbox Inc.Bond26210CAC8 | Sold out | −2,175,000 | — |
Array Technologies Inc.Bond04271TAB6 | Reduced −6.7% | −2,238,000 | $28.2M |
Repligen Corp.Bond759916AD1 | Reduced −8.5% | −833,000 | $8.8M |
| Reduced −12% | −16,180 | $2.8M | |
Snowflake Inc.Bond833445AB5 | New | +1,600,000 | $1.9M |
Groupon Inc.Bond399473AF4 | Sold out | −1,874,000 | — |
Meritage Homes Corp.Bond59001ABF8 | New | +1,900,000 | $1.8M |
Vail Resorts Inc.Bond91879QAN9 | Sold out | −1,819,000 | — |
Blackline Inc.Bond09239BAD1 | Sold out | −1,816,000 | — |
| Reduced −11% | −75,641 | $23.4M | |
Alvotech SAALVO | Reduced −55% | −293,618 | $338.9K |
Itron Inc.Bond465741AQ9 | Added +19% | +1,649,000 | $10.4M |
Rapid7 Inc.Bond753422AF1 | New | +1,668,000 | $1.6M |
Fastly Inc.Bond31188VAD2 | Sold out | −1,353,000 | — |
Vishay IntertechnologyBond928298AR9 | Sold out | −1,651,000 | — |
Irhythm Holdings Inc.Bond450056AB2 | New | +1,350,000 | $1.5M |
Spotify USA Inc.Bond84921RAB6 | Sold out | −1,300,000 | — |
Herbalife Ltd.Bond42703MAF0 | Sold out | −1,242,000 | — |
Lyft Inc.Bond55087PAD6 | Sold out | −1,100,000 | — |
Rivian Auto Inc.Bond76954AAD5 | New | +1,300,000 | $1.2M |
Neogenomics Inc.Bond64049MAB6 | Reduced −21% | −1,523,000 | $5.1M |
Southern Co.Bond842587DZ7 | Reduced −26% | −1,200,000 | $3.7M |
| Reduced −12% | −169,931 | $71.7M | |
Riot Platforms Inc.Bond767292AB1 | Reduced −2.8% | −2,296,000 | $91.8M |
Digitalocean HoldingsBond25402DAB8 | Added +59% | +1,105,000 | $2.9M |
Gladstone Capital Corp.Bond376535AG5 | Added +152% | +1,144,000 | $1.8M |
Affirm Holdings Inc.Bond00827BAD8 | Sold out | −927,000 | — |
Tyler Technologies Inc.Bond902252AB1 | Sold out | −1,000,000 | — |
Blackstone Mortgage TrustBond09257WAE0 | Added +8.0% | +960,000 | $12.9M |
Ascendis Pharma A/SBond04351PAD3 | Sold out | −700,000 | — |
Ringcentral Inc.Bond76680RAH0 | Sold out | −984,000 | — |
Redwood Trust Inc.Bond758075AF2 | Added +11% | +791,000 | $8.4M |
Alarm.com Holdings Inc.Bond011642AD7 | New | +1,008,000 | $930.5K |
Fastly Inc.Bond31188VAB6 | Sold out | −863,000 | — |
Parsons Corp.Bond70202LAD4 | Added +78% | +900,000 | $2M |
Strategy Inc.Bond594972AL5 | Added +69% | +900,000 | $2.1M |
Immunocore HoldingsBond45258DAB1 | New | +833,000 | $751.3K |
Post Holdings Inc.Bond737446AT1 | Reduced −26% | −700,000 | $2.1M |
Cerence Inc.Bond156727AD1 | Reduced −10% | −663,000 | $5.3M |
Lci IndustriesBond501812AB7 | Reduced −7.9% | −789,000 | $9.1M |
Guardant Health Inc.Bond40131MAB5 | Sold out | −555,000 | — |
Peloton Interactive Inc.Bond70614WAB6 | Sold out | −559,000 | — |
| New | +4,823 | $492.8K | |
Snap Inc.Bond83304AAF3 | Added +0.9% | +169,000 | $18.7M |
Callaway Golf Co.Bond131193AE4 | Reduced −4.5% | −430,000 | $9.2M |
Cheesecake Factory (The)Bond163072AA9 | Added +11% | +213,000 | $2.1M |
Haemonetics Corp.Bond405024AD2 | Reduced −7.2% | −65,000 | $800.8K |
Spectrum Brands Inc.Bond84762LAZ8 | Reduced −5.0% | −1,370,000 | $26.1M |
Celcuity Inc.Bond15102KAA8 | Reduced −14% | −100,000 | $1.5M |
Datadog Inc.Bond23804LAD5 | Added +2.7% | +200,000 | $7.5M |
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 |