Oaktree Capital Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Howard Marks's Oaktree Capital Management reported 50 stock positions worth $5.2 billion. Its top holding was Torm PLC-A (TRMD) at 33.0% of the portfolio, followed by Expand Energy (EXE, 10.8%) and Garrett Motion (GTX, 7.2%). Compared with Q1 2024, it opened 4 new positions, sold out of 10, added to 17 and reduced 13. The biggest buy was a new position in Liberty Global Class A (LBTYA) and the biggest sale an exit from Icici Bank Ltd.-Spon ADR (IBN).
- Most Recent 13F
- Q2 2026
- Notable People
- Howard Marks
- Location
- LOS ANGELES, CA
- CIK
- 0000949509
- Portfolio Value
- $5.2B (Q2 2024)
- SEC Filing
- 0000949509-24-000007 ↗ filed Aug 14, 2024
Holdings Value
Holdings 50 stocks · $5.2B
| TRMD Torm PLC-A | 32.96% | 44,109,986 | $1.7B | Reduce -13.5% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 10.80% | 6,870,884 | $564.7M | Reduce -1.6% |
| GTX Garrett Motion Inc. | 7.24% | 44,082,816 | $378.7M | No change |
| STR Sitio Royalties Corp. Class A | 5.84% | 12,935,120 | $305.4M | No change |
| SBLK Star Bulk Carriers Corp. | 3.71% | 7,966,426 | $194.2M | Add +30.4% |
| AU Anglogold Ashanti PLC | 3.04% | 6,328,888 | $159.0M | Add +5.5% |
| INFN Infinera Corp. | 2.93% | 25,175,384 | $153.3M | No change |
| VALE Vale SA-SP ADR | 2.72% | 12,753,203 | $142.5M | Add +10.7% |
| RWAY Runway Growth Finance Corp. | 2.42% | 10,779,667 | $126.8M | Reduce -30.4% |
| FCX Freeport-McMoran Inc. | 2.25% | 2,417,907 | $117.5M | Reduce -18.7% |
| VIST Vista Energy Sab DE CV | 2.18% | 2,503,714 | $113.9M | Add +2.6% |
| STKL Sunopta Inc. | 2.14% | 20,726,126 | $111.9M | No change |
| CX Cemex Sab-Spons ADR Part Cer | 1.79% | 14,689,032 | $93.9M | Add +5.0% |
| CBL CBL & Associates Properties | 1.79% | 4,005,126 | $93.6M | Reduce -0.2% |
| BBD Banco Bradesco-ADR | 1.49% | 34,811,777 | $78.0M | Reduce -0.7% |
| JD Jd.com Inc.-ADR | 1.39% | 2,820,695 | $72.9M | Add +27.2% |
| INDV Indivior Ltd. | 1.35% | 4,493,173 | $70.4M | Add +34.1% |
| LBTYA Liberty Global Ltd. Class A | 1.27% | 3,801,637 | $66.3M | New |
| PBR Petroleo Brasileiro-Spon ADR | 1.25% | 4,506,453 | $65.3M | Reduce -11.6% |
| KRC Kilroy Realty Corp. | 1.10% | 1,850,011 | $57.7M | No change |
| HTHT H World Group Ltd.-ADR | 0.82% | 1,292,410 | $43.1M | Add +5.5% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.74% | 6,646,166 | $38.8M | Reduce -29.3% |
| TX Ternium SA-Sponsored ADR | 0.67% | 934,340 | $35.1M | Reduce -4.2% |
| OCSL Oaktree Specialty Lending Co. | 0.67% | 1,852,456 | $34.8M | No change |
| ALVO Alvotech SA | 0.59% | 2,532,027 | $30.8M | Reduce -12.7% |
| TCOM Trip.com Group Ltd.-ADR | 0.53% | 585,645 | $27.5M | New |
| BMA Banco Macro SA-ADR | 0.51% | 464,300 | $26.6M | Add +6.9% |
| BRY Berry Corp. | 0.46% | 3,697,000 | $23.9M | No change |
| TEO Telecom Argentina SA-SP ADR | 0.42% | 3,019,088 | $21.8M | Add +14.0% |
| JOYY Joyy Inc.-ADR | 0.39% | 679,439 | $20.4M | Add +10.2% |
| GGB Gerdau SA -Spon ADR | 0.37% | 5,888,855 | $19.4M | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.37% | 954,679 | $19.2M | Add +168.8% |
| TGS Transportador Gas-ADR SP B | 0.35% | 973,183 | $18.5M | Reduce -8.9% |
| TPICQ Tpi Composites Inc. | 0.35% | 4,600,642 | $18.4M | No change |
| SMRT Smartrent Inc. | 0.34% | 7,505,294 | $17.9M | No change |
| BAK Braskem SA Class A- ADR | 0.30% | 2,443,268 | $15.8M | Add +20.6% |
| MX Magnachip Semiconductor Corp. | 0.27% | 2,849,858 | $13.9M | No change |
| HIMS Hims & Hers Health Inc. | 0.26% | 666,962 | $13.5M | No change |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.23% | 5,939,060 | $12.1M | New |
| STHO Star Holdings filed as STAR HLDGS | 0.22% | 966,868 | $11.7M | Reduce -3.3% |
| ONIT Onity Group Inc. | 0.21% | 451,029 | $10.8M | No change |
| BATL Battalion Oil Corp. | 0.19% | 3,009,912 | $10.1M | No change |
| UNIT Uniti Group LLC Com SHS | 0.19% | 3,397,592 | $9.9M | No change |
| AZUL S A | 0.19% | 2,445,850 | $9.8M | Add +33.6% |
| PAM Pampa Energia SA-Spon ADR | 0.17% | 203,767 | $9.0M | No change |
| BHC Bausch Health Cos Inc. | 0.17% | 1,270,000 | $8.9M | Reduce -2.3% |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 122,575 | $8.8M | Add +0.3% |
| VCSA Vacasa Inc. Class A | 0.13% | 1,375,448 | $6.7M | Add +246.2% |
| HDB HDFC Bank Ltd.-ADR | 0.06% | 52,478 | $3.4M | Add +100.3% |
| ECD AUTOMOTIVE DESIGN INC | 0.00% | 75,000 | $91K | No change |
Options reported separately and not counted above: SPY puts ($378.2M), NRG puts ($62.3M), CEG puts ($36.0M), VST puts ($17.2M).
Other holdings (98): bonds, preferreds, convertibles and warrants · $570.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 39,272,000 | $34.6M | Add +22.1% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 29,024,000 | $25.6M | Add +32.8% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 21,958,000 | $19.2M | Add +44.1% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 19,627,000 | $16.3M | Add +20.0% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 20,116,000 | $15.6M | New |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 4,666,667 | $14.0M | No change |
| EAGLE BULK SHIPPING INC | CONVERTIBLE BOND · principal | 5,745,000 | $12.1M | No change |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | 11,049,000 | $11.9M | Add +30.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 11,315,000 | $11.5M | Add +9.7% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 10,019,000 | $10.7M | Add +45.7% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 10,602,000 | $10.3M | Reduce -3.8% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 9,465,648 | $10.1M | Add +46.0% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 8,476,000 | $9.5M | Add +88.8% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 9,703,000 | $8.4M | Add +56.0% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 9,938,000 | $8.4M | Add +6.7% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 9,174,000 | $8.1M | Reduce -8.2% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 8,361,000 | $8.0M | Add +15.1% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 7,766,000 | $7.9M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 8,176,000 | $7.9M | Reduce -9.9% |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 8,194,000 | $7.9M | Add +2.1% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 9,438,000 | $7.8M | Add +3.2% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 8,222,000 | $7.5M | Reduce -38.6% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 6,260,000 | $7.3M | Add +19.2% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 8,302,000 | $7.2M | Add +9.4% |
| MESA LABORATORIES INC (MLAB 1.375 08/15/25) | NOTE 1.375% 8/1 · principal | 7,480,000 | $7.1M | Add +57.1% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 8,372,000 | $7.0M | Add +13.4% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 8,548,000 | $6.8M | Reduce -34.7% |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | 7,012,000 | $6.8M | Reduce -3.2% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 7,303,000 | $6.8M | Add +87.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 8,372,000 | $6.6M | Reduce -13.9% |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 12,750,000 | $6.2M | New |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 6,768,000 | $6.1M | Add +11.9% |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 6,413,000 | $6.0M | New |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 6,921,000 | $6.0M | Reduce -17.8% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 7,531,000 | $5.9M | Add +49.9% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 6,011,000 | $5.7M | Add +21.5% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 4,389,000 | $5.7M | Add +119.5% |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 5,576,000 | $5.6M | Reduce -24.2% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 6,048,000 | $5.5M | Reduce -22.4% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,798,000 | $5.3M | Reduce -26.5% |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | 5,415,000 | $5.3M | Reduce -57.5% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 5,698,000 | $5.2M | Reduce -43.8% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 5,700,000 | $5.1M | Add +24.7% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 5,568,000 | $5.1M | Add +49.7% |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | 5,112,000 | $5.0M | Reduce -25.2% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 5,520,000 | $4.9M | Reduce -34.1% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,901,000 | $4.9M | Add +1.2% |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 4,780,000 | $4.7M | Reduce -9.4% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 6,056,000 | $4.6M | Add +132.7% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 4,731,000 | $4.6M | Add +1.0% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 4,625,000 | $4.4M | New |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 3,489,000 | $4.3M | New |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 4,400,000 | $4.2M | No change |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 4,835,000 | $4.1M | New |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | 4,325,000 | $4.0M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 4,460,000 | $4.0M | Add +2.5% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 3,592,000 | $4.0M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 4,201,000 | $3.8M | Reduce -50.7% |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | 3,905,000 | $3.8M | Add +27.5% |
| MANNKIND CORP (MNKD 2.5 03/01/26) | NOTE 2.500% 3/0 · principal | 3,093,000 | $3.7M | New |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 4,276,000 | $3.7M | New |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 4,810,000 | $3.7M | Reduce -36.2% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 3,919,000 | $3.5M | Reduce -53.3% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 3,504,000 | $3.5M | Add +40.5% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 1,642,000 | $3.5M | Reduce -17.6% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 2,950,000 | $3.3M | No change |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 3,638,000 | $3.2M | Add +12.3% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 3,191,000 | $3.2M | Add +60.1% |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | 3,210,000 | $3.2M | Add +18.3% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 2,894,000 | $3.2M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 3,335,000 | $3.2M | Add +1.6% |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | 3,161,000 | $3.1M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 3,818,000 | $3.0M | Add +8.2% |
| CARDLYTICS INC (CDLX 1 09/15/25) | NOTE 1.000% 9/1 · principal | 3,206,000 | $3.0M | Add +355.4% |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | 2,936,000 | $2.9M | New |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 3,502,000 | $2.8M | Reduce -20.3% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 2,850,000 | $2.7M | New |
| NEVRO CORP (NVRO 2.75 04/01/25) | NOTE 2.750% 4/0 · principal | 2,673,000 | $2.6M | New |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | 3,500,000 | $2.6M | New |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 5,249,000 | $2.5M | New |
| ESPERION THERAPEUTICS (ESPR 4 11/15/25) | NOTE 4.000%11/1 · principal | 2,495,000 | $2.3M | New |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,100,000 | $2.3M | No change |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 2,948,000 | $2.3M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 1,700,000 | $2.2M | New |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | 2,324,000 | $2.2M | Add +70.8% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 2,200,000 | $2.2M | Reduce -47.0% |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 2,100,000 | $2.1M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 2,181,000 | $2.0M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 1,800,000 | $1.8M | New |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 1,807,000 | $1.7M | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 1,500,000 | $1.6M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,400,000 | $1.6M | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 1,725,000 | $1.5M | No change |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | 1,250,000 | $1.5M | No change |
| I3 VERTICALS LLC (IIIV 1 02/15/25) | NOTE 1.000% 2/1 · principal | 1,273,000 | $1.2M | No change |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | 1,151,000 | $1.1M | No change |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 1,069,000 | $996K | Add +47.3% |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 713,000 | $537K | Reduce -32.5% |
Total filed on the 13F, all lines: $5.8B.
Portfolio Sells Q1 2024 → Q2 2024
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −1.33 |
| EAGLE BULK SHIPPING INC | Sold out | 0.00% | −1.21 |
| RWAY Runway Growth Finance Corp. | Reduce -30.4% | 2.42% | −0.89 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.79 |
| NMIH Nmi Holdings Inc. | Sold out | 0.00% | −0.60 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.53 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -29.3% | 0.74% | −0.41 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.34 |
| BBD Banco Bradesco-ADR | Reduce -0.7% | 1.49% | −0.28 |
| FCX Freeport-McMoran Inc. | Reduce -18.7% | 2.25% | −0.22 |
| EXE Expand Energy Corp. | Reduce -1.6% | 10.80% | −0.17 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −0.14 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -11.6% | 1.25% | −0.12 |
| BHC Bausch Health Cos Inc. | Reduce -2.3% | 0.17% | −0.07 |
| TX Ternium SA-Sponsored ADR | Reduce -4.2% | 0.67% | −0.05 |
| ALVO Alvotech SA | Reduce -12.7% | 0.59% | −0.04 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.02 |
| EONR Eon Resources Inc. | Sold out | 0.00% | −0.01 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.01 |
| STHO Star Holdings | Reduce -3.3% | 0.22% | −0.01 |
| TGS Transportador Gas-ADR SP B | Reduce -8.9% | 0.35% | +0.07 |
| CBL CBL & Associates Properties | Reduce -0.2% | 1.79% | +0.17 |
| TRMD Torm PLC-A | Reduce -13.5% | 32.96% | +2.42 |
Portfolio Buys Q1 2024 → Q2 2024
| LBTYA Liberty Global Ltd. Class A | New | 1.27% | +1.27 |
| SBLK Star Bulk Carriers Corp. | Add +30.4% | 3.71% | +1.14 |
| AU Anglogold Ashanti PLC | Add +5.5% | 3.04% | +0.69 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.53% | +0.53 |
| VIST Vista Energy Sab DE CV | Add +2.6% | 2.18% | +0.39 |
| GGB Gerdau SA -Spon ADR | New | 0.37% | +0.37 |
| JD Jd.com Inc.-ADR | Add +27.2% | 1.39% | +0.32 |
| YPF YPF S.A.-Sponsored ADR | Add +168.8% | 0.37% | +0.24 |
| VALE Vale SA-SP ADR | Add +10.7% | 2.72% | +0.24 |
| OPTU Optimum Communications Inc. Class A | New | 0.23% | +0.23 |
| BMA Banco Macro SA-ADR | Add +6.9% | 0.51% | +0.14 |
| VCSA Vacasa Inc. Class A | Add +246.2% | 0.13% | +0.08 |
| INDV Indivior Ltd. | Add +34.1% | 1.35% | +0.08 |
| JOYY Joyy Inc.-ADR | Add +10.2% | 0.39% | +0.06 |
| TEO Telecom Argentina SA-SP ADR | Add +14.0% | 0.42% | +0.05 |
| HDB HDFC Bank Ltd.-ADR | Add +100.3% | 0.06% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +0.3% | 0.17% | +0.01 |
| HTHT H World Group Ltd.-ADR | Add +5.5% | 0.82% | −0.01 |
| AZUL S A | Add +33.6% | 0.19% | −0.06 |
| BAK Braskem SA Class A- ADR | Add +20.6% | 0.30% | −0.08 |
| CX Cemex Sab-Spons ADR Part Cer | Add +5.0% | 1.79% | −0.43 |
Options Activity Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +204.8% | 695,000 | $378.2M |
| NRG NRG Energy Inc. | put | New | 800,000 | $62.3M |
| CEG Constellation Energy | put | New | 180,000 | $36.0M |
| VST Vistra Corp. | put | New | 200,000 | $17.2M |
| VLY Valley National Bancorp | put | Sold out | 500,000 | $4.0Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +22.1% | 39,272,000 | $34.6M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +32.8% | 29,024,000 | $25.6M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +44.1% | 21,958,000 | $19.2M |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Add +20.0% | 19,627,000 | $16.3M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | New | 20,116,000 | $15.6M |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | Add +30.8% | 11,049,000 | $11.9M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Sold out | 12,572,000 | $11.7Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +9.7% | 11,315,000 | $11.5M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +45.7% | 10,019,000 | $10.7M |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | Reduce -3.8% | 10,602,000 | $10.3M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Sold out | 11,167,000 | $10.3Mbefore exit |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +46.0% | 9,465,648 | $10.1M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Add +88.8% | 8,476,000 | $9.5M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Add +56.0% | 9,703,000 | $8.4M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +6.7% | 9,938,000 | $8.4M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -8.2% | 9,174,000 | $8.1M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +15.1% | 8,361,000 | $8.0M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 7,766,000 | $7.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -9.9% | 8,176,000 | $7.9M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Add +2.1% | 8,194,000 | $7.9M |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Add +3.2% | 9,438,000 | $7.8M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 8,255,000 | $7.6Mbefore exit |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | Reduce -38.6% | 8,222,000 | $7.5M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +19.2% | 6,260,000 | $7.3M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 7,834,000 | $7.2Mbefore exit |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Add +9.4% | 8,302,000 | $7.2M |
| MESA LABORATORIES INC (MLAB 1.375 08/15/25) | NOTE 1.375% 8/1 · principal | Add +57.1% | 7,480,000 | $7.1M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Add +13.4% | 8,372,000 | $7.0M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -34.7% | 8,548,000 | $6.8M |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | Reduce -3.2% | 7,012,000 | $6.8M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Add +87.0% | 7,303,000 | $6.8M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Reduce -13.9% | 8,372,000 | $6.6M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Sold out | 5,981,000 | $6.3Mbefore exit |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | New | 12,750,000 | $6.2M |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | Add +11.9% | 6,768,000 | $6.1M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | New | 6,413,000 | $6.0M |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | Reduce -17.8% | 6,921,000 | $6.0M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +49.9% | 7,531,000 | $5.9M |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Add +21.5% | 6,011,000 | $5.7M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +119.5% | 4,389,000 | $5.7M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Sold out | 3,408,000 | $5.6Mbefore exit |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Reduce -24.2% | 5,576,000 | $5.6M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Reduce -22.4% | 6,048,000 | $5.5M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -26.5% | 4,798,000 | $5.3M |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | Reduce -57.5% | 5,415,000 | $5.3M |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Reduce -43.8% | 5,698,000 | $5.2M |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Add +24.7% | 5,700,000 | $5.1M |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Add +49.7% | 5,568,000 | $5.1M |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | Reduce -25.2% | 5,112,000 | $5.0M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 5,310,000 | $5.0Mbefore exit |
Showing the first 50 of 113.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $3.8B | TRMD, EXE, GTX, AU, INDV |
| Q1 2026Amended | 50 | $4.3B | TRMD, EXE, AU, GTX, INDV |
| Q4 2025 | 50 | $4.5B | EXE, TRMD, AU, GTX, INDV |
| Q3 2025 | 54 | $4.7B | TRMD, EXE, GTX, AU, VNOM |
| Q2 2025 | 50 | $3.9B | TRMD, EXE, GTX, STR, AU |
| Q1 2025 | 51 | $4.0B | TRMD, EXE, GTX, STR, AU |
| Q4 2024 | 54 | $4.5B | TRMD, EXE, GTX, STR, INFN |
| Q3 2024 | 57 | $5.3B | TRMD, EXE, GTX, STR, INFN |
| Q2 2024 | 50 | $5.2B | TRMD, EXE, GTX, STR, SBLK |
| Q1 2024 | 56 | $5.7B | TRMD, EXE, GTX, STR, RWAY |