Superinvestor · SEC 13F
Howard Marks portfolio — Q2 2026
Howard Marks is co-founder of Oaktree Capital Management. Oaktree Capital Management reported $7.21B across 143 US-listed positions in its SEC Form 13F-HR for the quarter ended 2026-06-30, with State Street SPDR S&P 500 ETF Trust the largest at $1.01B (14.04% of reported value). 13F positions are as of quarter-end and filed up to 45 days later — they are not current positions.
Definition
A 13F filing is a quarterly SEC disclosure required of institutional investment managers with at least $100M in US-listed equity assets. It lists the manager's long US equity positions as of quarter-end and must be filed within 45 days of that date. It excludes shorts, most bonds, non-US listings — and any personal accounts outside the firm's reported holdings. Source: SEC EDGAR Form 13F-HR.
Howard Marks's top holdings — Q2 2026
| # | Holding | Value | % of reported | Δ shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | State Street SPDR S&P 500 ETF Trust | $1.01B | 14.04% | new |
| 2 | INVESCO QQQ TR | $651.7M | 9.04% | +315,000 |
| 3 | TORM PLC | $524.3M | 7.28% | −3,509,701 |
| 4 | EXPAND ENERGY CORPORATION | $477.6M | 6.63% | 0 |
| 5 | GARRETT MOTION INC | $275.2M | 3.82% | −7,000,000 |
| 6 | ANGLOGOLD ASHANTI PLC | $257.2M | 3.57% | −44,000 |
| 7 | CORE SCIENTIFIC INC NEW | $255.7M | 3.55% | −2,857,000 |
| 8 | INDIVIOR PHARMACEUTICALS INC | $251.4M | 3.49% | −856,890 |
| 9 | TELEPHONE & DATA SYS INC | $195.5M | 2.71% | +990,662 |
| 10 | VIPER ENERGY INC | $160.8M | 2.23% | 0 |
Top 10 of 143 stored positions by value — see the full Oaktree Capital Management 13F table and filing history.
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.
What changed vs Q1 2026
Largest share-count changes between the two most recent stored filings. Value deltas include the quarter's price move.
- State Street SPDR S&P 500 ETF Trustadded · +$1.01B
- INVESCO QQQ TRadded · +$322.7M
- OAKTREE SPECIALTY LENDINGadded · +$73.1M
- Sea Ltdadded · +$60.9M
- VIASAT INCadded · +$56.6M
- SPDR SERIES TRUSTexited · −$181.8M
- TORM PLCreduced · −$150.8M
- SUNOPTA INCreduced · −$133.8M
- PETROLEO BRASILEIRO S Aexited · −$126.4M
- JETBLUE AIRWAYS CORPexited · −$94.8M
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.
Related on Flock
Frequently asked questions
What stocks does Howard Marks own?
As disclosed in Oaktree Capital Management's SEC 13F filing for the quarter ended 2026-06-30, the firm Howard Marks co-founded reported 143 US-listed positions worth $7.21B, the largest being State Street SPDR S&P 500 ETF Trust, INVESCO QQQ TR, TORM PLC. 13F positions are as of quarter-end, filed up to 45 days later — not current holdings. Not investment advice.
What is Howard Marks's largest holding?
State Street SPDR S&P 500 ETF Trust was the largest reported position in Oaktree Capital Management's Q2 2026 13F, valued at $1.01B — 14.04% of the $7.21B in reported holdings. Source: SEC EDGAR Form 13F-HR, quarter ended 2026-06-30.
What did Howard Marks buy last quarter?
Versus the prior stored quarter (Q1 2026), Oaktree Capital Management's Q2 2026 13F shows share-count increases or newly reported positions including State Street SPDR S&P 500 ETF Trust, INVESCO QQQ TR, OAKTREE SPECIALTY LENDING. The full quarter-over-quarter tables are on the Oaktree Capital Management 13F page. Disclosure reporting, not investment advice.
Is this Howard Marks's personal portfolio?
It is the portfolio Oaktree Capital Management disclosed in its SEC Form 13F-HR — the firm's long US-listed equity positions as of quarter-end. Howard Marks is co-founder of Oaktree Capital Management. A 13F excludes shorts, most bonds, non-US listings, and any personal accounts outside the firm's reported holdings.
How current is this data?
13F positions are as of quarter-end and filed up to 45 days later, so they are never current positions. Flock's coverage of Oaktree Capital Management runs through the quarter ended 2026-06-30 and re-checks SEC EDGAR daily for new filings.
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