Howard Marks · quarter digest
What Howard Marks did in Q1 2025
Oaktree Capital filed 47 moves in Q1 2025: 10 new, 17 add, 13 trim, 7 exit.
13F filed 2025-05-15. Manager quality score: q9. Philosophy: You can't predict, you can prepare. Second-level thinking.
New positions · 10
Fresh money
NEW·7.8% book·−10
“Howard Marks's first Vistra position — same quarter as Klarman.”
GRABGRAB HOLDINGS LTD
NEW·0.9% book·−5
KEKE HOLDINGS INC
NEW·0.5% book·−7
BAIDUBAIDU INC
NEW·0.4% book·−6
LIVNLIVANOVA PLC
NEW·0.3% book·−7
HLFHERBALIFE LTD
NEW·0.1% book·−11
SHOPSHOPIFY INC
NEW·0.1% book·−4
GUESSGUESS INC
NEW·0.0% book·−10
LYFTLYFT INC
NEW·0.0% book·−3
NICENICE LTD
NEW·0.0% book·−6
Adds · 17
Adding to conviction
SPGSTATE STREET CORP
ADD +6%·3.7% book·+2
CXCEMEX SAB DE CV
ADD +33%·2.1% book·−12
SEASEA LTD
ADD +109%·2.0% book·−7
FCXFREEPORT-MCMORAN INC
ADD +24%·1.6% book·−9
ABNBAIRBNB INC
ADD +1538%·0.5% book·+1
EQIXETSY INC
ADD +47%·0.4% book·−8
SNAPSNAP INC
ADD +158%·0.4% book·−5
BBIOBRIDGEBIO PHARMA INC
ADD +305%·0.3% book·−9
TDOCTELADOC HEALTH INC
ADD +133%·0.3% book·−4
BLOCKBLOCK INC
ADD +107%·0.2% book·−10
PPLPPL CORP
ADD +30%·0.2% book·−6
SHAKSHAKE SHACK INC
ADD +35%·0.2% book·−10
FIVE9FIVE9 INC
ADD +751%·0.1% book·−3
FLUORFLUOR CORP
ADD +25%·0.1% book·−8
OKTAOKTA INC
ADD +49%·0.1% book·−5
ONON SEMICONDUCTOR CORP
ADD +366%·0.1% book·−2
UUNITY SOFTWARE INC
ADD +24%·0.1% book·−5
HoldLens Pro · Founders pricing
Email alerts + conviction scores + alpha attribution
€9/mo founders · cancel anytime
See pricing →
Trims · 13
Taking chips off
EXEEXPAND ENERGY CORP
TRIM -20%·12.2% book·−1
TLNTALEN ENERGY CORP
TRIM -6%·2.3% book·−8
LBTYKLIBERTY GLOBAL LTD
TRIM -6%·1.6% book·−4
VALEVALE SA
TRIM -16%·1.2% book·−9
CABOCABLE ONE INC
TRIM -8%·0.8% book·−4
JDJD.COM INC
TRIM -32%·0.8% book·+13
GHGUARDANT HEALTH INC
TRIM -22%·0.5% book·+1
PDDPG&E CORP
TRIM -60%·0.1% book·−12
UBERUBER TECHNOLOGIES INC
TRIM -70%·0.1% book·+13
WWAYFAIR INC
TRIM -20%·0.1% book·−10
BANDBANDWIDTH INC
TRIM -42%·0.0% book·−5
LSXMALIBERTY MEDIA CORP-LIBERTY FORMULA ONE
TRIM -91%·0.0% book·−12
UPWKUPWORK INC
TRIM -35%·0.0% book·−6
Exits · 7
Closed positions
YUMCYUM CHINA HOLDINGS INC
EXIT·0.0% book·−8
CHEGGCHEGG INC
EXIT·0.0% book·−11
CPNGCOUPANG INC
EXIT·0.0% book·+7
INSMINSMED INC
EXIT·0.0% book·+5
MARAMARA HOLDINGS INC
EXIT·0.0% book·−7
NIONIO INC
EXIT·0.0% book·−7
8X88X8 INC
EXIT·0.0% book·−1
Current top holdings
Howard Marks’s book, latest snapshot
Other quarters for Howard Marks
Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.