Oaktree Closes Largest Distressed-Debt Fund Ever Raised
At $16 billion including co-investments and related vehicles, Oaktree Opportunities Fund XII edges out the $15.9 billion predecessor, which closed in 2021, as the largest in the Los Angeles firm's history as well as the largest distressed-debt fund ever raised, according to PitchBook Data, which tracks data on private markets.
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16 hours ago
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Howard Marks Reduces Stake in Garrett Motion Inc, Impacting Portfolio by -1.4%
Insightful Moves in the Second Quarter of 2025 Howard Marks (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. As the Chairman of Oaktree Capital Management LP, Marks has been instrumental in steering the firm since its inception in 1995. He ensures adherence to Oaktree's core investment philosophy, focusing on less efficient markets and alternative investments. The firm is known for its significant investments in debt, preferred stocks, and convertible bonds, making it a key player in the financial landscape. Warning! GuruFocus has detected 6 Warning Signs with AER. Summary of New Buy Howard Marks (Trades, Portfolio) added a total of 8 stocks, among them: The most significant addition was Bausch & Lomb Corp (NYSE:BLCO), with 2,521,245 shares, accounting for 0.7% of the portfolio and a total value of $32.8 million. The second largest addition to the portfolio was Full Truck Alliance Co Ltd (NYSE:YMM), consisting of 1,842,337 shares, representing approximately 0.46% of the portfolio, with a total value of $21.76 million. The third largest addition was Liberty Latin America Ltd (NASDAQ:LILAK), with 2,328,516 shares, accounting for 0.31% of the portfolio and a total value of $14.48 million. Key Position Increases Howard Marks (Trades, Portfolio) also increased stakes in a total of 10 stocks, among them: The most notable increase was Itau Unibanco Holding SA (NYSE:ITUB), with an additional 4,063,482 shares, bringing the total to 11,004,494 shares. This adjustment represents a significant 58.54% increase in share count, a 0.58% impact on the current portfolio, with a total value of $74.72 million. The second largest increase was Barrick Mining Corp (NYSE:B), with an additional 641,028 shares, bringing the total to 3,157,686. This adjustment represents a significant 25.47% increase in share count, with a total value of $65.74 million. Summary of Sold Out Howard Marks (Trades, Portfolio) completely exited 9 holdings in the second quarter of 2025, as detailed below: H World Group Ltd (NASDAQ:HTHT): Howard Marks (Trades, Portfolio) sold all 1,229,399 shares, resulting in a -1.06% impact on the portfolio. Inc (NASDAQ:JD): Howard Marks (Trades, Portfolio) liquidated all 960,796 shares, causing a -0.92% impact on the portfolio. Key Position Reduces Howard Marks (Trades, Portfolio) also reduced positions in 16 stocks. The most significant changes include: Reduced Garrett Motion Inc (NASDAQ:GTX) by 7,188,000 shares, resulting in a -16.31% decrease in shares and a -1.4% impact on the portfolio. The stock traded at an average price of $10.04 during the quarter and has returned 6.88% over the past 3 months and 42.35% year-to-date. Reduced Expand Energy Corp (NASDAQ:EXE) by 500,000 shares, resulting in a -8.99% reduction in shares and a -1.3% impact on the portfolio. The stock traded at an average price of $111.58 during the quarter and has returned -14.28% over the past 3 months and -2.04% year-to-date. Portfolio Overview At the second quarter of 2025, Howard Marks (Trades, Portfolio)'s portfolio included 56 stocks. The top holdings included 14.45% in TORM PLC (NASDAQ:TRMD), 12.55% in Expand Energy Corp (NASDAQ:EXE), 8.22% in Garrett Motion Inc (NASDAQ:GTX), 5.04% in Sitio Royalties Corp (NYSE:STR), and 4.78% in Anglogold Ashanti PLC (NYSE:AU). The holdings are mainly concentrated in 11 industries: Energy, Basic Materials, Consumer Cyclical, Healthcare, Financial Services, Technology, Real Estate, Communication Services, Consumer Defensive, Utilities, and Industrials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
30-07-2025
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Women Now Occupy Almost a Fifth of Top Venture Roles, Study Finds
More women than ever are in key investment roles in venture capital, a new report shows. Women now make up 18.6% of investors in leading roles at U.S. venture firms, according to nonprofit All Raise, which seeks to increase female representation in the industry. That share, which counts those in partner roles and above, has doubled since 2018, when All Raise was launched. All Raise relied on PitchBook Data figures for its analysis.
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'Now Is Credits Prime Time': Oaktree Capital Management's Poli
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