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Howard Marks's Stock Portfolio

Concentration · Top 10

Top 10 = 60.5% of portfolio
SecurityActivityWeightHeld SinceEst. Cost
Price vs Est. Cost
as of today
History
EXEEXPAND ENERGY CORP
12.35%≤ Q1 2021N/AN/A
TRMDTORM PLC
Trimmed -35%11.65%≤ Q1 2021N/AN/A
AUANGLOGOLD ASHANTI PLC
Trimmed -8%7.25%Q3 2023$17.43+516.2%
GTXGARRETT MOTION INC
Trimmed -46%6.58%Q2 2021$7.72+146.6%
INDVINDIVIOR PHARMACEUTICALS INC
Trimmed -97%5.64%Q1 2024$20.63+54.8%
VNOMVIPER ENERGY INC
5.37%Q3 2025$36.83+23.9%
TDSTELEPHONE AND DATA SYSTEMS INC
3.34%Q3 2025$38.38+19.2%
BBARRICK MINING CORP
Trimmed -10%2.86%Q2 2025$19.38+119.4%
TLNTALEN ENERGY CORP
Added +14%2.74%Q3 2024$277.39+18.5%
CORZCORE SCIENTIFIC INC
Added +30%2.69%Q3 2025$15.31+15.3%
NOKNOKIA OYJ
2.68%Q1 2025$4.78+97.3%
FTAINFTAI AVIATION LTD
Trimmed -12%2.25%Q3 2025$24.23+4.3%
ITUBITAU UNIBANCO HOLDING SA
Added +9%2.19%Q1 2025$5.21+69.4%
LBTYKLIBERTY GLOBAL LTD
2.10%Q2 2024$10.12+19.2%
CBLCBL & ASSOCIATES PROPERTIES INC
Trimmed -16%2.06%Q4 2021$21.15+97.0%
AEROGRUPO AEROMEXICO SAB DE CV
New1.83%Q4 2025$19.16-17.8%
TACTRANSALTA CORP
1.79%Q1 2025$10.86+27.3%
STKLSUNOPTA INC
1.74%≤ Q1 2021N/AN/A
NUNU HOLDINGS LTD/CAYMAN ISLANDS
Trimmed -1%1.66%Q3 2025$13.95+4.0%
FCXFREEPORT-MCMORAN INC
Trimmed -8%1.56%Q3 2021$35.17+85.1%
KRCKILROY RLTY CORP
1.53%≤ Q1 2021N/AN/A
CXCEMEX SAB DE CV
Trimmed -45%1.46%≤ Q1 2021N/AN/A
RWAYRUNWAY GROWTH FINANCE CORP
Trimmed -15%1.39%Q4 2021$7.27-9.2%
BLCOBAUSCH LOMB CORP
Added +4%1.28%Q2 2025$12.70+30.3%
GRABWGRAB HOLDINGS LTD
Trimmed -7%1.24%Q1 2025$4.69-98.3%
XPXP CLASS A
Added +63%1.20%Q3 2025$17.64+12.2%
LILABLIBERTY LATIN AMERICA LTD
Trimmed -14%0.95%Q2 2025$6.48+57.9%
ECVTECOVYST INC
Added +49%0.92%Q3 2025$8.78+49.6%
ADARRAY DIGITAL INFRASTRUCTURE INC
0.86%Q3 2025$41.80+17.9%
VISTVISTA ENERGY SAB DE CV
Trimmed -58%0.84%≤ Q1 2021N/AN/A
YMMFULL TRUCK ALLIANCE CO LTD
Trimmed -7%0.83%Q2 2025$12.02-30.6%
SBLKSTAR BULK CARRIERS CORP
0.83%≤ Q1 2021N/AN/A
CRCCALIFORNIA RESOURCES CORP
0.69%Q3 2024$47.96+38.5%
BZKANZHUN LTD
Trimmed -7%0.69%Q3 2024$15.29-11.8%
TEOTELECOM ARGENTINA SA
Trimmed -11%0.60%≤ Q1 2021N/AN/A
VALEVALE SA
Trimmed -0.5%0.58%≤ Q1 2021N/AN/A
TXTERNIUM SA
Trimmed -27%0.56%Q2 2022$32.22+27.9%
KRSP-UNRICE ACQUISITION CORP 3
New0.55%Q4 2025$10.67-1.2%
OCSLOAKTREE SPECIALTY LENDING CORP
0.52%Q1 2023$13.43-11.6%
INFYINFOSYS LTD
New0.43%Q4 2025$17.23-18.8%
ONITONITY GROUP INC
New0.40%Q4 2025$41.07+3.2%
SMRTSMARTRENT INC
0.34%Q1 2022$4.18-65.5%
OPTUALTICE USA INC
0.27%Q2 2024$2.16-38.0%
BHCBAUSCH HEALTH COS INC
0.20%Q3 2023$8.62-37.9%
MXMAGNACHIP SEMICONDUCTOR CORP
0.16%≤ Q1 2021N/AN/A
LILABLIBERTY LATIN AMERICA LTD
Trimmed -1%0.14%Q3 2025$6.99+46.6%
HDBHDFC BANK LTD
Trimmed -14%0.10%Q1 2024$32.67-17.0%
BATLBATTALION OIL CORP
Trimmed -0.1%0.07%≤ Q1 2021N/AN/A
ALVOWALVOTECH SA
Trimmed -66%0.04%Q2 2022$9.91-96.7%
BTAIBIOXCEL THERAPEUTICS INC
0.01%Q2 2025$1.66-33.6%

Closed this quarter · 8

SecurityActivityPreceding WeightHeld SinceEst. Cost History
SATSECHOSTAR CORP
Sold0.97%Q3 2025$45.28
NABORS INDUSTRIES LTD
Sold0.64%Q3 2025
SESEA LTD
Sold0.54%Q2 2025$155.65
JBS NV
Sold0.50%Q2 2025
ACRACRES COMMERCIAL REALTY CORP
Sold0.17%Q3 2025$19.78
LGNLEGENCE CORP
Sold0.11%Q3 2025$31.48
TGSTRANSPORTADORA DE GAS DEL SUR SA
Sold0.03%N/A
TPICQTPI COMPOSITES INC
Sold0.00%Q3 2022$4.61