Howard Marks - Oaktree Capital Management Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Oaktree Capital Management portfolio balances reported a total equity value of $6.00B across 159 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 13, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight TORM PLC (TRMD) as the single largest position, accounting for 13.9% of total equity value, followed by EXPAND ENERGY CORP (CHK), GARRETT MOTION INC (GTX), ANGLOGOLD ASHANTI PLC (AU), and others. Collectively, the top five holdings represent 37.4% of the portfolio, showing how capital is distributed among core positions and long-term investments.