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Howard Marks's Stock Portfolio

Concentration · Top 10

Top 10 = 65.1% of portfolio
SecurityActivityWeightHeld SinceEst. Cost
Price vs Est. Cost
as of today
History
TRMDTORM PLC
Trimmed -10%15.68%≤ Q1 2021N/AN/A
EXEEXPAND ENERGY CORP
Added +3%13.36%≤ Q1 2021N/AN/A
AUANGLOGOLD ASHANTI PLC
Trimmed -16%7.29%Q3 2023$17.43+357.5%
GTXGARRETT MOTION INC
Trimmed -15%6.16%Q2 2021N/AN/A
INDVINDIVIOR PHARMACEUTICALS INC
New4.95%Q1 2026$33.03+21.8%
TDSTELEPHONE AND DATA SYSTEMS INC
Added +16%4.20%Q3 2025$39.16-14.7%
VNOMVIPER ENERGY INC
Trimmed -40%4.14%Q3 2025$36.83+17.3%
CORZCORE SCIENTIFIC INC
Added +12%3.25%Q3 2025$15.50+46.5%
STKLSUNOPTA INC
3.12%≤ Q1 2021N/AN/A
PBRPETROLEO BRASILEIRO SA - PETROBRAS
New2.94%Q1 2026$16.00+11.8%
BBARRICK MINING CORP
Trimmed -12%2.49%Q2 2025$19.38+85.5%
TLNTALEN ENERGY CORP
2.46%Q3 2024$277.39+42.9%
LBTYKLIBERTY GLOBAL LTD
2.40%Q2 2024$10.12+4.1%
ITUBITAU UNIBANCO HOLDING SA
Trimmed -12%2.37%Q1 2025$5.21+62.7%
NOKNOKIA OYJ
Trimmed -40%2.09%Q1 2025$4.78+144.3%
TACTRANSALTA CORP
1.95%Q1 2025$10.86+28.3%
CBLCBL & ASSOCIATES PROPERTIES INC
Trimmed -14%1.92%Q4 2021$21.15+144.5%
FCXFREEPORT-MCMORAN INC
Trimmed -12%1.67%Q3 2021$35.11+70.8%
XPXP INC
Trimmed -4%1.40%Q3 2025$17.64-7.2%
AEROGRUPO AEROMEXICO SAB DE CV
Added +5%1.29%Q4 2025$19.11-19.9%
BLCOBAUSCH LOMB CORP
1.25%Q2 2025$12.70+27.7%
KRCKILROY REALTY CORP
1.21%≤ Q1 2021N/AN/A
LILABLIBERTY LATIN AMERICA LTD
1.18%Q2 2025$6.48+11.8%
CRDOCREDO TECHNOLOGY GROUP HOLDING LTD
New1.18%Q1 2026$121.71+94.6%
RWAYRUNWAY GROWTH FINANCE CORP
1.12%Q4 2021$7.27-27.2%
YPFYPF SA
New0.95%Q1 2026$37.85+30.8%
ADARRAY DIGITAL INFRASTRUCTURE INC
0.78%Q3 2025$41.80-18.6%
CXCEMEX SAB DE CV
Trimmed -52%0.73%≤ Q1 2021N/AN/A
ECVTECOVYST INC
Trimmed -44%0.71%Q3 2025$8.78+35.7%
EMBJEMBRAER SA
New0.62%Q1 2026$68.47-5.8%
KRSP-UNRICE ACQUISITION CORP 3
0.57%Q4 2025$10.67+0.7%
TXTERNIUM SA
Trimmed -11%0.54%Q2 2022$32.22+39.1%
SHAZSHARONAI HOLDINGS INC
New0.53%Q1 2026$24.03+184.1%
OCSLOAKTREE SPECIALTY LENDING CORP
0.49%Q1 2023$13.43-10.4%
TEOTELECOM ARGENTINA SA
Trimmed -31%0.44%≤ Q1 2021N/AN/A
SMPLSIMPLY GOOD FOODS CO/THE
New0.38%Q1 2026$17.25-22.8%
MINEMAYFAIR GOLD CORP
New0.32%Q1 2026$3.72-37.9%
BATLBATTALION OIL CORP
0.27%≤ Q1 2021N/AN/A
SMRTSMARTRENT INC
0.26%Q1 2022$4.18-76.5%
BMMBLUE MOON METALS INC
New0.25%Q1 2026$4.86+24.7%
OPTUOPTIMUM COMMUNICATIONS INC
Trimmed -2%0.22%Q2 2024$2.16-50.5%
MXMAGNACHIP SEMICONDUCTOR CORP
0.18%≤ Q1 2021N/AN/A
ILLUUILLUMINATION ACQUISITION CORP I
New0.17%Q1 2026$9.93+1.2%
LILABLIBERTY LATIN AMERICA LTD
0.17%Q3 2025$6.99+3.8%
NRGNRG ENERGY INC
New0.17%Q1 2026$156.71-11.0%
BKLNINVESCO SENIOR INCOME TRUST
New0.10%Q1 2026$20.37+0.4%
HDBHDFC BANK LTD
Trimmed -12%0.07%Q1 2024$32.67-19.2%
PDDPDD HOLDINGS INC
New0.01%Q1 2026$105.11-19.5%
ALVOWALVOTECH SA
Trimmed -55%0.01%Q2 2022$9.91-96.7%
BTAIBIOXCEL THERAPEUTICS INC
0.01%Q2 2025$1.66-46.7%

Closed this quarter · 13

SecurityActivityPreceding WeightHeld SinceEst. Cost History
INDVINDIVIOR PHARMACEUTICALS INC
Sold5.64%Q1 2024$20.63
FTAINFTAI AVIATION LTD
Sold2.25%Q4 2022$24.23
NUNU HOLDINGS LTD/CAYMAN ISLANDS
Sold1.66%Q3 2025$13.95
GRABWGRAB HOLDINGS LTD
Sold1.24%Q1 2025$4.69
VISTVISTA ENERGY SAB DE CV
Sold0.84%N/A
YMMFULL TRUCK ALLIANCE CO LTD
Sold0.83%Q2 2025$12.02
SBLKSTAR BULK CARRIERS CORP
Sold0.83%N/A
CRCCALIFORNIA RESOURCES CORP
Sold0.69%Q3 2024$47.96
BZKANZHUN LTD
Sold0.69%Q3 2024$15.29
VALEVALE SA
Sold0.58%N/A
INFYINFOSYS LTD
Sold0.43%Q2 2023$17.23
ONITONITY GROUP INC
Sold0.40%Q2 2021$41.07
BHCBAUSCH HEALTH COS INC
Sold0.20%Q3 2023$8.62