Howard Marks - Oaktree Capital Management – Largest Position Reductions (2026 Q1)
This report summarizes the most meaningful reductions and sell-offs made by Howard Marks - Oaktree Capital Management in 2026 Q1. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.
| Symbol | Shares | Reported Price(USD) | Action | Change % | Portfolio Weight | Position Value | Filing Period |
|---|---|---|---|---|---|---|---|
| TRMD | 23,839,575 | $28.32 | Reduced | -9.78% | 15.66% | $675.14M | 2026 Q1 |
| AU | 3,223,092 | $97.36 | Reduced | -16.24% | 7.28% | $313.8M | 2026 Q1 |
| GTX | 14,594,816 | $18.17 | Reduced | -14.62% | 6.15% | $265.19M | 2026 Q1 |
| INDV | 6,984,102 | $30.48 | Reduced | -1.75% | 4.94% | $212.88M | 2026 Q1 |
| VNOM | 3,791,432 | $46.99 | Reduced | -39.68% | 4.13% | $178.16M | 2026 Q1 |
| B | 2,624,859 | $40.79 | Reduced | -11.77% | 2.48% | $107.07M | 2026 Q1 |
| ITUB | 12,188,995 | $8.38 | Reduced | -11.82% | 2.37% | $102.14M | 2026 Q1 |
| NOK | 11,200,308 | $8.04 | Reduced | -40.27% | 2.09% | $90.05M | 2026 Q1 |
| CBL | 2,153,717 | $38.43 | Reduced | -14.45% | 1.92% | $82.77M | 2026 Q1 |
| FCX | 1,220,122 | $58.78 | Reduced | -12.22% | 1.66% | $71.72M | 2026 Q1 |
| XP | 3,172,009 | $19.04 | Reduced | -4.46% | 1.40% | $60.4M | 2026 Q1 |
| CX | 2,763,083 | $11.44 | Reduced | -51.94% | 0.73% | $31.61M | 2026 Q1 |
| ECVT | 2,393,791 | $12.86 | Reduced | -43.74% | 0.71% | $30.78M | 2026 Q1 |
| TX | 582,924 | $40.15 | Reduced | -11.49% | 0.54% | $23.4M | 2026 Q1 |
| TEO | 1,622,244 | $11.69 | Reduced | -30.90% | 0.44% | $18.96M | 2026 Q1 |
| OPTU | 7,330,490 | $1.3 | Reduced | -2.26% | 0.22% | $9.53M | 2026 Q1 |
| HDB | 114,261 | $24.88 | Reduced | -12.40% | 0.07% | $2.84M | 2026 Q1 |
| ALVO | 240,038 | $1.41 | Reduced | -55.02% | 0.01% | $338.45K | 2026 Q1 |
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