La cartera de Howard Marks
Oaktree Capital Management · 13F al 30 de junio de 2026, presentado el 14 de agosto de 2026
Especialista en deuda y situaciones especiales, conocido por sus cartas a inversores.
Valor declarado
US$5.31 mil M
Posiciones
138
Las 10 mayores
47%
de la cartera
En el trimestre
36 / 41
entradas / salidas
Posiciones
| # | Empresa | Peso | Valor | Acciones | En el trimestre |
|---|---|---|---|---|---|
| 1 |  TRMDTORM plc | 9.9% | US$524 M | 20,329,874 | −72% acciones |
| 2 |  EXEExpand Energy Corporation | 9% | US$478 M | 5,237,477 | −67% acciones |
| 3 |  GTXGarrett Motion Inc. | 5.2% | US$275 M | 7,594,816 | −83% acciones |
| 4 |  AUAngloGold Ashanti Plc | 4.8% | US$257 M | 3,179,092 | −67% acciones |
| 5 |  INDVIndivior Pharmaceuticals Inc | 4.7% | US$251 M | 6,127,212 | −12% acciones |
| 6 |  TDSTelephone and Data Systems, Inc. | 3.7% | US$196 M | 5,282,905 | −59% acciones |
| 7 |  VNOMViper Energy, Inc. | 3% | US$161 M | 3,791,432 | −67% acciones |
| 8 |  CORZCore Scientific, Inc. | 2.4% | US$128 M | 4,993,708 | −82% acciones |
| 9 |  TLNTalen Energy Corporation | 2.4% | US$127 M | 331,117 | −67% acciones |
| 10 |  BBarrick Mining Corporation | 2.2% | US$118 M | 3,206,087 | −59% acciones |
| 11 |  ITUBItaú Unibanco Holding S.A. | 1.8% | US$98 M | 11,977,665 | −67% acciones |
| 12 |  LBTYALiberty Global Ltd | 1.8% | US$97 M | 8,551,191 | −67% acciones |
| 13 |  OCSLOaktree Specialty Lending Corp | 1.8% | US$94 M | 7,872,199 | +42% acciones |
| 14 |  FCXFreeport-McMoRan Inc. | 1.4% | US$76 M | 1,201,122 | −67% acciones |
| 15 |  AEROGrupo Aeroméxico, S.A.B. de C.V. | 1.3% | US$71 M | 3,968,686 | −67% acciones |
| 16 |  KRCKilroy Realty Corporation | 1.3% | US$69 M | 1,850,011 | −67% acciones |
| 17 | Pebblebrook Hotel Trust | 1.2% | US$63 M | 63,534,000 | −63% acciones |
| 18 | Biomarin Pharmaceutical Inc | 1.2% | US$62 M | 64,025,000 | −62% acciones |
| 19 | Sea Ltd | 1.2% | US$62 M | 62,567,000 | −56% acciones |
| 20 | Etsy Inc | 1.2% | US$61 M | 66,836,000 | −64% acciones |
| 21 |  SESea Limited | 1.1% | US$61 M | 635,443 | Nueva |
| 22 |  LILAKLiberty Latin America Ltd | 1.1% | US$59 M | 7,559,083 | −56% acciones |
| 23 | Enphase Energy Inc | 1.1% | US$58 M | 61,820,000 | −64% acciones |
| 24 | Dexcom Inc | 1.1% | US$57 M | 61,148,000 | −50% acciones |
| 25 |  BLCOBausch + Lomb Corporation | 1.1% | US$57 M | 3,441,042 | −66% acciones |
| 26 |  VSATViasat, Inc. | 1.1% | US$57 M | 630,280 | Nueva |
| 27 | Echostar Corp | 1.1% | US$56 M | 18,000,001 | −67% acciones |
| 28 | Marriott Vacations Worldwide Corp | 1.1% | US$56 M | 56,893,000 | −64% acciones |
| 29 | Draftkings Inc | 1% | US$54 M | 58,501,000 | −56% acciones |
| 30 | Conmed Corp | 0.99% | US$52 M | 53,645,000 | −51% acciones |
| 31 |  MMYTMakeMyTrip Limited | 0.99% | US$52 M | 983,068 | Nueva |
| 32 | Riot Platforms Inc | 0.98% | US$52 M | 26,000,000 | −89% acciones |
| 33 | Teladoc Health Inc | 0.98% | US$52 M | 53,624,000 | −46% acciones |
| 34 | Bentley Systems Inc | 0.98% | US$52 M | 54,264,000 | −62% acciones |
| 35 |  MATWMatthews International Corp | 0.98% | US$52 M | 1,925,992 | Nueva |
| 36 |  XPXP Inc. | 0.95% | US$51 M | 3,116,809 | −67% acciones |
| 37 | Unity Software Inc | 0.92% | US$49 M | 49,426,000 | −54% acciones |
| 38 | Five9 Inc | 0.89% | US$47 M | 53,306,000 | −18% acciones |
| 39 | Shift4 Payments Inc | 0.87% | US$46 M | 48,444,000 | −41% acciones |
| 40 |  YPFYPF Sociedad Anónima | 0.85% | US$45 M | 991,346 | −63% acciones |
| 41 |  TACTransAlta Corporation | 0.78% | US$41 M | 3,000,000 | −84% acciones |
| 42 |  RWAYRunway Growth Finance Corp | 0.74% | US$39 M | 7,029,667 | −67% acciones |
| 43 | Enovis Corp | 0.71% | US$38 M | 39,207,000 | Nueva |
| 44 | Amphastar Pharmaceuticals Inc | 0.7% | US$37 M | 40,880,000 | −64% acciones |
| 45 | Affirm Holdings Inc | 0.65% | US$34 M | 34,815,000 | +1% acciones |
| 46 | Array Technologies Inc | 0.6% | US$32 M | 33,985,000 | −64% acciones |
| 47 | Embraer SA | 0.53% | US$28 M | 439,706 | −67% acciones |
| 48 | Snap Inc | 0.5% | US$27 M | 28,018,000 | −53% acciones |
| 49 | Array Digital Infrastructure Inc | 0.48% | US$25 M | 696,858 | −68% acciones |
| 50 | Rice Acquisition Corp 3 | 0.47% | US$25 M | 2,400,000 | −67% acciones |
| 51 |  SHAZSharonai Holdings Inc | 0.46% | US$25 M | 289,456 | −71% acciones |
| 52 | Spectrum Brands Holdings Inc | 0.46% | US$25 M | 23,452,000 | −70% acciones |
| 53 |  TXTernium S.A. | 0.46% | US$24 M | 572,324 | −67% acciones |
| 54 |  QMCOQuantum Corp | 0.42% | US$22 M | 2,011,678 | Nueva |
| 55 | Winnebago Industries Inc | 0.35% | US$19 M | 20,074,000 | −29% acciones |
| 56 | Block Inc | 0.32% | US$17 M | 17,983,000 | −45% acciones |
| 57 | Snap Inc | 0.3% | US$16 M | 17,474,000 | −3% acciones |
| 58 |  SMPLSimply Good Foods Co/the | 0.3% | US$16 M | 1,203,889 | −64% acciones |
| 59 | Cogent Biosciences Inc | 0.28% | US$15 M | 11,890,000 | −61% acciones |
| 60 |  SGRYSurgery Partners Inc | 0.27% | US$14 M | 862,588 | Nueva |
| 61 | Blackstone Mortgage Trust Inc | 0.26% | US$14 M | 14,064,000 | −64% acciones |
| 62 | Upwork Inc | 0.26% | US$14 M | 14,154,000 | −62% acciones |
| 63 | Workiva Inc | 0.26% | US$14 M | 14,970,000 | Nueva |
| 64 | Etsy Inc | 0.26% | US$14 M | 11,974,000 | Nueva |
| 65 | Redfin Corp | 0.26% | US$14 M | 14,041,000 | −49% acciones |
| 66 | Starwood Property Trust Inc | 0.23% | US$12 M | 11,894,933 | Nueva |
| 67 | Snowflake Inc | 0.22% | US$12 M | 7,147,000 | +49% acciones |
| 68 | Nabors Industries Ltd | 0.21% | US$11 M | 11,880,000 | −75% acciones |
| 69 | Aerovironment Inc | 0.21% | US$11 M | 11,799,000 | −62% acciones |
| 70 | Itron Inc | 0.21% | US$11 M | 11,216,000 | −64% acciones |
| 71 | Ziff Davis Inc | 0.21% | US$11 M | 11,230,000 | −63% acciones |
| 72 |  MINEMayfair Gold Corp | 0.21% | US$11 M | 4,500,000 | Sin cambios |
| 73 | Arrowhead Pharmaceuticals Inc | 0.21% | US$11 M | 9,146,000 | −17% acciones |
| 74 | Blue Moon Metals Inc | 0.2% | US$11 M | 1,685,000 | Sin cambios |
| 75 | Envista Holdings Corp | 0.19% | US$10 M | 10,206,000 | −79% acciones |
| 76 | Cloudflare Inc | 0.19% | US$10 M | 8,050,000 | Nueva |
| 77 | Rapid7 Inc | 0.18% | US$10 M | 10,061,000 | +101% acciones |
| 78 | Freshpet Inc | 0.17% | US$9 M | 7,913,000 | Nueva |
| 79 | Alphatec Holdings Inc | 0.17% | US$9 M | 9,177,000 | Nueva |
| 80 |  SMRTSmartrent Inc | 0.17% | US$9 M | 7,505,294 | −67% acciones |
| 81 | Upstart Holdings Inc | 0.16% | US$8 M | 8,312,000 | −43% acciones |
| 82 | Sitime Corp | 0.15% | US$8 M | 7,300,000 | Nueva |
| 83 | Redwood Trust Inc | 0.15% | US$8 M | 7,881,000 | −68% acciones |
| 84 | Doordash Inc | 0.15% | US$8 M | 8,089,000 | Nueva |
| 85 | Jd.com Inc | 0.15% | US$8 M | 8,065,000 | −76% acciones |
| 86 | Alarm.com Holdings Inc | 0.15% | US$8 M | 8,171,000 | +170% acciones |
| 87 | Pennymac Mortgage Investment Trust | 0.14% | US$7 M | 7,101,000 | −40% acciones |
| 88 | Cerence Inc | 0.14% | US$7 M | 7,887,000 | −56% acciones |
| 89 | Celcuity Inc | 0.13% | US$7 M | 6,250,000 | Nueva |
| 90 |  MXMagnachip Semiconductor Corp | 0.13% | US$7 M | 1,500,000 | −82% acciones |
| 91 | Workiva Inc | 0.13% | US$7 M | 7,100,000 | Nueva |
| 92 | Cracker Barrel Old Country Store Inc | 0.13% | US$7 M | 6,708,000 | Nueva |
| 93 | Etsy Inc | 0.13% | US$7 M | 7,233,000 | Nueva |
| 94 | Pagerduty Inc | 0.13% | US$7 M | 7,125,000 | −60% acciones |
| 95 |  LILALiberty Latin America Ltd. | 0.12% | US$7 M | 839,020 | −67% acciones |
| 96 | Sarepta Therapeutics Inc | 0.12% | US$6 M | 6,709,000 | Nueva |
| 97 | Lci Industries | 0.12% | US$6 M | 5,650,000 | Nueva |
| 98 | Uber Technologies Inc | 0.12% | US$6 M | 5,400,000 | Nueva |
| 99 | Bill Holdings Inc | 0.12% | US$6 M | 6,330,000 | −36% acciones |
| 100 | Green Plains Inc | 0.09% | US$5 M | 4,998,000 | −67% acciones |
| 101 | Gladstone Capital Corp | 0.09% | US$5 M | 4,999,000 | −12% acciones |
| 102 | Strategy Inc | 0.09% | US$5 M | 5,451,000 | −85% acciones |
| 103 | Firstenergy Corp | 0.09% | US$5 M | 4,280,000 | Nueva |
| 104 | Rubrik Inc | 0.09% | US$5 M | 4,504,000 | Nueva |
| 105 | Northern Oil & Gas Inc | 0.08% | US$4 M | 4,614,000 | −23% acciones |
| 106 |  BATLBattalion Oil Corp | 0.07% | US$4 M | 3,009,912 | −67% acciones |
| 107 |  DPCDPC Holdings Ltd. | 0.07% | US$4 M | 75,000 | Nueva |
| 108 | Rivian Automotive Inc | 0.07% | US$4 M | 3,400,000 | −13% acciones |
| 109 | Ziff Davis Inc | 0.07% | US$3 M | 3,496,000 | −67% acciones |
| 110 | Transmedics Group Inc | 0.06% | US$3 M | 3,131,000 | Nueva |
| 111 |  SVCService Properties Trust | 0.06% | US$3 M | 1,988,382 | Nueva |
| 112 | Wec Energy Group Inc | 0.06% | US$3 M | 3,214,000 | Nueva |
| 113 | Akamai Technologies Inc | 0.06% | US$3 M | 2,631,000 | −84% acciones |
| 114 | Norwegian Cruise Line Holdings Ltd | 0.05% | US$3 M | 2,874,000 | Nueva |
| 115 | Nutanix Inc | 0.05% | US$2 M | 2,200,000 | −90% acciones |
| 116 | Mgp Ingredients Inc | 0.05% | US$2 M | 2,515,000 | −87% acciones |
| 117 | Uber Technologies Inc | 0.05% | US$2 M | 2,000,000 | −67% acciones |
| 118 | Live Nation Entertainment Inc | 0.04% | US$2 M | 1,813,000 | −67% acciones |
| 119 | Haemonetics Corp | 0.04% | US$2 M | 2,090,000 | −17% acciones |
| 120 | Datadog Inc | 0.04% | US$2 M | 1,400,000 | −94% acciones |
| 121 |  BTAIBioxcel Therapeutics Inc | 0.04% | US$2 M | 1,380,248 | +91% acciones |
| 122 |  NNBRNn Inc | 0.03% | US$2 M | 510,943 | Nueva |
| 123 | Fluor Corp | 0.03% | US$2 M | 1,271,000 | −69% acciones |
| 124 | Groupon Inc | 0.03% | US$2 M | 1,677,000 | Nueva |
| 125 | On Semiconductor Corp | 0.03% | US$2 M | 1,250,000 | Nueva |
| 126 |  TEOTelecom Argentina S.A. | 0.03% | US$2 M | 116,105 | −98% acciones |
| 127 | Revolution Medicines Inc | 0.03% | US$1 M | 1,150,000 | Nueva |
| 128 |  CXCEMEX, S.A.B. de C.V. | 0.02% | US$1 M | 100,000 | −99% acciones |
| 129 |  ALVOWAlvotech SA | 0.02% | US$1 M | 4,666,667 | −67% acciones |
| 130 | Neogenomics Inc | 0.02% | US$979,683 | 1,045,000 | −94% acciones |
| 131 | Alibaba Group Holding Ltd | 0.02% | US$885,750 | 750,000 | Nueva |
| 132 | Snap Inc | 0.02% | US$873,185 | 877,000 | −92% acciones |
| 133 | Immunocore Holdings PLC | 0.01% | US$766,360 | 833,000 | −67% acciones |
| 134 | Sunopta Inc | 0.01% | US$406,498 | 74,314 | −100% acciones |
| 135 | Rice Acquisition Corp 3 | 0.01% | US$395,999 | 399,999 | −67% acciones |
| 136 |  ALVOAlvotech SA | 0.01% | US$361,553 | 97,982 | −83% acciones |
| 137 | Shake Shack Inc | 0% | US$252,112 | 270,000 | Nueva |
| 138 | Office Properties Income Trust/md | 0% | US$184,467 | 10,851 | Nueva |
Peso: valor de la posición entre el valor total declarado. «En el trimestre» es la variación del número de acciones frente al 13F anterior. Las opciones (put y call) no entran en los pesos.
Entradas nuevas
- SESea Limited1.1%
- VSATViasat, Inc.1.1%
- MMYTMakeMyTrip Limited0.99%
- MATWMatthews International Corp0.98%
- Enovis Corp0.71%
- QMCOQuantum Corp0.42%
- SGRYSurgery Partners Inc0.27%
- Workiva Inc0.26%
- Etsy Inc0.26%
- Starwood Property Trust Inc0.23%
Más compradas
- OCSLOaktree Specialty Lending Corp1.8%
- Affirm Holdings Inc0.65%
- Snowflake Inc0.22%
- Rapid7 Inc0.18%
- Alarm.com Holdings Inc0.15%
- BTAIBioxcel Therapeutics Inc0.04%
Más vendidas
Opciones declaradas
Una put gana si la acción baja y una call si sube. El 13F las declara por el valor de las acciones a las que dan derecho, no por lo que costaron, así que no entran en los pesos de la cartera.
SPYState Street CorpPut · 1,355,000 acciones · US$1.01 mil M
QQQInvesco Qqq Trust Series 1Put · 885,000 acciones · US$652 M- CORZCore Scientific, Inc.Call · 5,000,000 acciones · US$128 M
LYBLyondellBasell Industries N.V.Put · 900,000 acciones · US$47 M
VCVisteon CorporationPut · 400,000 acciones · US$40 M
BTDRBitdeer Technologies GroupCall · 750,000 acciones · US$12 M- MXMagnachip Semiconductor CorpCall · 1,000,000 acciones · US$5 M
Vendidas por completo (41)
- Petróleo Brasileiro S.A. - Petrobras
- Jetblue Airways Corp
- Nokia Oyj
- Cbl & Associates Properties Inc
- Indivior Pharmaceuticals Inc
- American Water Capital Corp
- Coinbase Global Inc
- Credo Technology Group Holding Ltd
- Okta Inc
- Q2 Holdings Inc
- Block Inc
- Progress Software Corp
- Ecovyst Inc
- Cracker Barrel Old Country Store Inc
- Synaptics Inc
- Penn Entertainment Inc
- Optimum Communications Inc
- Callaway Golf Co
- Lci Industries
- Repligen Corp
Por sectores
- Energía12.9%
- Industria11.3%
- Materiales9%
- Consumo discrecional7.3%
- Salud5.8%
- Comunicaciones3.8%
- Tecnología3.5%
- Servicios públicos3.2%
- Servicios financieros2.8%
- Inmobiliario1.3%
- Otros39.2%
Sectores de las empresas de EE. UU. de más de US$2.000 millones; el resto (extranjeras, pequeñas, fondos) va en «Otros».
Preguntas frecuentes
- ¿Qué acciones tiene Howard Marks?
- Según el 13F de Oaktree Capital Management al 30 de junio de 2026, sus mayores posiciones son TORM plc (TRMD), con un 9.9%, Expand Energy Corporation (EXE), con un 9%, Garrett Motion Inc. (GTX), con un 5.2%, AngloGold Ashanti Plc (AU), con un 4.8% y Indivior Pharmaceuticals Inc (INDV), con un 4.7% de la cartera. Declara 138 posiciones por US$5.31 mil M.
- ¿Qué compró y vendió Howard Marks en el último trimestre?
- Entró en Sea Limited, Viasat, Inc. y MakeMyTrip Limited y 33 más. Vendió por completo Petróleo Brasileiro S.A. - Petrobras, Jetblue Airways Corp y Nokia Oyj y 38 más. Los 13F se presentan hasta 45 días después del trimestre, así que la cartera puede haber cambiado desde entonces.
Otros inversores
Fuentes: SEC (formulario 13F), vía Financial Modeling Prep. El 13F sólo recoge posiciones largas en acciones y opciones de EE. UU., sin ventas en corto, efectivo, bonos ni activos de otros países, y se presenta hasta 45 días después de cada trimestre. Que un inversor tenga una acción no es una recomendación para comprarla. Esta página tiene fines informativos y no constituye asesoría financiera.