Howard Marks – Oaktree Capital Management Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Oaktree Capital Management portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 13, 2025. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 19 call contracts and 79 put contracts across companies such as iShares Russell 2000 ETF (IWM), SPDR S&P 500 (SPY), Talen Energy (TLN). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Oaktree Capital Management Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q4 2022 | SPY SPDR S&P 500 | PUT | 599,000 |
| Q4 2022 | XOP SPDR S&P Oil & Gas Explor & Pro | PUT | 450,000 |
| Q3 2022 | SMH VanEck Semiconductor ETF | PUT | 100,000 |
| Q3 2022 | SPY SPDR S&P 500 | PUT | 725,000 |
| Q2 2022 | COOP Mr. Cooper Group Inc. | CALL | 520,000 |
| Q2 2022 | SPY SPDR S&P 500 | PUT | 500,000 |
| Q1 2022 | CHKEL | CALL | 808,001 |
| Q1 2022 | COOP Mr. Cooper Group Inc. | CALL | 1,300,000 |
| Q1 2022 | SPY SPDR S&P 500 | PUT | 581,000 |
| Q4 2021 | CEROW | CALL | 100,000 |
| Q4 2021 | CHKEL | CALL | 808,001 |
| Q4 2021 | COOP Mr. Cooper Group Inc. | CALL | 1,000,000 |
| Q4 2021 | GLLIW Globalink Investment Inc. Warrants | CALL | 350,000 |
| Q4 2021 | IWM iShares Russell 2000 ETF | PUT | 500,000 |
| Q4 2021 | SPY SPDR S&P 500 | PUT | 630,000 |
| Q4 2021 | VSACW | CALL | 112,500 |
| Q4 2021 | WINVW WinVest Acquisition Corp. Warrant | CALL | 299,900 |
| Q3 2021 | CFLT Confluent, Inc. | PUT | 360,000 |
| Q3 2021 | CHKEL | CALL | 1,607,672 |
| Q3 2021 | COOP Mr. Cooper Group Inc. | CALL | 1,000,000 |
| Q3 2021 | SPY SPDR S&P 500 | PUT | 317,000 |
| Q2 2021 | ARKK ARK Innovation ETF | PUT | 127,000 |
| Q2 2021 | ARKW ARK Next Generation Internet ET | PUT | 133,500 |
| Q1 2021 | CHKEL | CALL | 916,741 |
| Q1 2021 | TLT iShares 20+ Year Treasury Bond | PUT | 4,000 |
| Q1 2020 | IWM iShares Russell 2000 ETF | PUT | 727,700 |
| Q1 2020 | MU Micron Technology, Inc. | PUT | 295,000 |
| Q4 2019 | MU Micron Technology, Inc. | PUT | 2,795,000 |
| Q3 2019 | LRCX Lam Research Corporation | PUT | 125,000 |
| Q3 2019 | MU Micron Technology, Inc. | PUT | 1,960,000 |