Arkolith/Funds/Oaktree Capital Management LP

Oaktree Capital Management LP

Howard Marks CIK 949509Hedge fund
Holdings as of Mar 31, 2026·disclosed May 20, 2026·~50-day 13F lag·13F-HR/AAmended
Active Filer

Oaktree Capital Management LP holds a focused book of 142 stocks worth $5.9B as of Q1 2026 (disclosed May 20, 2026, a ~45-day 13F lag). This quarter they opened Indivior Pharmaceuticals Inc and trimmed Torm PLC-A. Their largest long position is Torm PLC-A at 11% of the equity book. They also disclosed $551.1M in put options (a bearish bet) and $100.2M in call options (bullish), shown separately below and excluded from the equity book.

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Use Arkolith to show OAKTREE CAPITAL MANAGEMENT LP's latest
holdings, largest changes, and filing provenance.
Opened
32
new positions
Added to
37
existing
Trimmed
50
reduced
Sold out
54
exited

Concentration

Top-heavy: focused book

Top 5 holdings
35%
Top 10 holdings
47%
Top 20 holdings
63%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

66% mapped to company sectors

ETF / fund or unclassified
34%
Energy
16%
Industrials
13%
Materials
10%
Communication Services
8%
Financials
6%
Consumer Discretionary
4%
Utilities
3%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

142 positions
#SecurityValueShares% PortLast moveHistory
1Torm PLC
COMMON STOCK
$675.1M23.84M
11.4%
−9.8%
Reduced · −2.6M sh
2Expand Energy Corp
COMMON STOCK
$575.0M5.24M
9.7%
+3.5%
Added · +175K sh
3Anglogold Ashanti PLC
COMMON STOCK
$313.8M3.22M
5.3%
−16%
Reduced · −625K sh
4Garrett Motion Inc
COMMON STOCK
$265.2M14.59M
4.5%
−15%
Reduced · −2.5M sh
5Indivior Pharmaceuticals Inc
COMMON STOCK
$212.9M6.98M
3.6%
New
New position
6Telephone And Data Systems Inc
COMMON STOCK
$180.7M4.29M
3.1%
+16%
Added · +604K sh
7Viper Energy Inc
COMMON STOCK
$178.2M3.79M
3.0%
−40%
Reduced · −2.5M sh
8Core Scientific Inc
COMMON STOCK
$139.9M9.35M
2.4%
+12%
Added · +1.0M sh
9Sunopta Inc
COMMON STOCK
$134.2M20.73M
2.3%
Held
10Petroleo Brasileiro Sa - Petrobras
COMMON STOCK
$126.4M6.09M
2.1%
New
New position
11Barrick Mining Corp
COMMON STOCK
$107.1M2.62M
1.8%
−12%
Reduced · −350K sh
12Talen Energy Corp
COMMON STOCK
$105.7M331.1K
1.8%
Held
13Liberty Global Ltd
COMMON STOCK
$103.4M8.55M
1.8%
Held
14Itau Unibanco Holding Sa
COMMON STOCK
$102.1M12.19M
1.7%
−12%
Reduced · −1.6M sh
15Jetblue Airways Corp
CONVERTIBLE BOND
$94.8M95.09M
1.6%
+5.0%
Added · +4.6M sh
16Riot Platforms Inc
CONVERTIBLE BOND
$91.8M79.66M
1.6%
−2.8%
Reduced · −2.3M sh
17Nokia Oyj
COMMON STOCK
$90.1M11.20M
1.5%
−40%
Reduced · −7.6M sh
18Transalta Corp
COMMON STOCK
$84.1M6.42M
1.4%
Held
19CBL & Associates Properties Inc
COMMON STOCK
$82.8M2.15M
1.4%
−14%
Reduced · −364K sh
20Freeport-McMoran Inc
COMMON STOCK
$71.7M1.22M
1.2%
−12%
Reduced · −170K sh
21Echostar Corp
CONVERTIBLE BOND
$64.3M18.00M
1.1%
~0%
Added · +1 sh
22XP Inc
COMMON STOCK
$60.4M3.17M
1.0%
−4.5%
Reduced · −148K sh
23Pebblebrook Hotel Trust
CONVERTIBLE BOND
$56.4M57.74M
1.0%
+45%
Added · +18.0M sh
24American Water Capital Corp
CONVERTIBLE BOND
$55.8M55.92M
0.9%
16×
Added · +52.5M sh
25Grupo Aeromexico SAB De CV
COMMON STOCK
$55.6M3.97M
0.9%
+5.1%
Added · +192K sh
26Etsy Inc
CONVERTIBLE BOND
$54.8M61.20M
0.9%
+22%
Added · +11.0M sh
27Biomarin Pharmaceutical Inc
CONVERTIBLE BOND
$54.0M55.98M
0.9%
+33%
Added · +13.9M sh
28Bausch Lomb Corp
COMMON STOCK
$53.8M3.38M
0.9%
Held
29Coinbase Global Inc
CONVERTIBLE BOND
$52.2M52.63M
0.9%
New
New position
30Kilroy Realty Corp
COMMON STOCK
$52.2M1.85M
0.9%
Held
31Liberty Latin America Ltd
COMMON STOCK
$50.7M5.75M
0.9%
Held
32Enphase Energy Inc
CONVERTIBLE BOND
$50.6M56.62M
0.9%
+48%
Added · +18.4M sh
33Credo Technology Group Holding Ltd
COMMON STOCK
$50.6M539.0K
0.9%
New
New position
34Marriott Vacations Worldwide Corp
CONVERTIBLE BOND
$50.2M52.12M
0.8%
+29%
Added · +11.7M sh
35Runway Growth Finance Corp
COMMON STOCK
$48.3M7.03M
0.8%
Held
36Sea Ltd
CONVERTIBLE BOND
$46.9M47.89M
0.8%
+23%
Added · +9.0M sh
37Okta Inc
CONVERTIBLE BOND
$46.7M46.97M
0.8%
+66%
Added · +18.7M sh
38Bentley Systems Inc
CONVERTIBLE BOND
$44.7M46.99M
0.8%
+598%
Added · +40.3M sh
39Ypf Sa
COMMON STOCK
$41.0M886.5K
0.7%
New
New position
40Q2 Holdings Inc
CONVERTIBLE BOND
$40.9M41.05M
0.7%
New
New position
41Draftkings Inc
CONVERTIBLE BOND
$40.0M44.35M
0.7%
+76%
Added · +19.1M sh
42Block Inc
CONVERTIBLE BOND
$37.7M37.78M
0.6%
+87%
Added · +17.5M sh
43Dexcom Inc
CONVERTIBLE BOND
$37.3M40.42M
0.6%
+44%
Added · +12.4M sh
44Progress Software Corp
CONVERTIBLE BOND
$36.1M36.15M
0.6%
New
New position
45Conmed Corp
CONVERTIBLE BOND
$35.1M36.19M
0.6%
−10%
Reduced · −4.1M sh
46Unity Software Inc
CONVERTIBLE BOND
$35.0M35.94M
0.6%
+296%
Added · +26.9M sh
47Amphastar Pharmaceuticals Inc
CONVERTIBLE BOND
$34.5M38.04M
0.6%
−13%
Reduced · −5.5M sh
48Array Digital Infrastructure Inc
COMMON STOCK
$33.4M724.4K
0.6%
Held
49Teladoc Health Inc
CONVERTIBLE BOND
$31.7M33.07M
0.5%
−14%
Reduced · −5.4M sh
50Cemex SAB De CV
COMMON STOCK
$31.6M2.76M
0.5%
−52%
Reduced · −3.0M sh
Showing 50 of 142 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$551.1M
Call notional (bullish)$100.2M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishINVESCO QQQ TRUST SERIES 1QQQ$329.0M570K
PUT · bearishSS SPDR S&P OG EXP & PRODXOP$181.8M1.0M
CALL · bullishCORE SCIENTIFIC INCCORZ$52.4M3.5M
CALL · bullishTALEN ENERGY CORPTLN$47.9M150K
PUT · bearishLYONDELLBASELL INDU-CL ALYB$40.3M500K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 20, 2026147$6.6B13F-HR/A
Q4 2025Dec 31, 2025Feb 17, 2026172$7.0B13F-HR
Q3 2025Sep 30, 2025Nov 13, 2025165$6.5B13F-HR
Q2 2025Jun 30, 2025Aug 13, 2025178$5.8B13F-HR
Q1 2025Mar 31, 2025May 15, 2025170$5.2B13F-HR
Q4 2024Dec 31, 2024Feb 12, 2025165$5.6B13F-HR
Q3 2024Sep 30, 2024Nov 14, 2024168$6.2B13F-HR
Q2 2024Jun 30, 2024Aug 14, 2024152$6.3B13F-HR
Q1 2024Mar 31, 2024May 14, 2024169$6.4B13F-HR
Q4 2023Dec 31, 2023Feb 13, 2024188$6.9B13F-HR
Q3 2023Sep 30, 2023Nov 13, 2023202$6.9B13F-HR
Q2 2023Jun 30, 2023Aug 14, 2023238$7.6B13F-HR
Q1 2023Mar 31, 2023Aug 25, 2023301$9.0B13F-HR/A
Q4 2022Dec 31, 2022Apr 21, 2023345$9.5B13F-HR/A
Q3 2022Sep 30, 2022Nov 14, 2022380$9.1B13F-HR
Q2 2022Jun 30, 2022Aug 15, 2022382$8.6B13F-HR
Q1 2022Mar 31, 2022May 16, 2022363$9.6B13F-HR
Q4 2021Dec 31, 2021Feb 16, 2022372$9.1B13F-HR/A
Q3 2021Sep 30, 2021Dec 14, 2021266$7.2B13F-HR/A
Amended / restated
  • Q1 2026 · filed May 19, 202613F-HR/A · superseded
  • Q1 2026 · filed May 15, 202613F-HR · superseded
  • Q1 2023 · filed May 15, 202313F-HR · superseded
  • Q4 2022 · filed Feb 14, 202313F-HR · superseded
  • Q4 2021 · filed Feb 14, 202213F-HR · superseded

Manager

H
Howard Marks
Co-founder & Co-chairman since 1995

Co-founder and Co-chairman of Oaktree Capital Management.

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.