Latest news with #OaktreeCapitalManagementLP
Yahoo
15-05-2025
- Business
- Yahoo
Howard Marks Exits Infinera Corp, Impacting Portfolio by -3.41%
Howard Marks (Trades, Portfolio) recently submitted the 13F filing for the first 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 guiding the firm since its inception in 1995. Known for his adherence to a disciplined investment philosophy, Marks focuses on less efficient markets and alternative investments, with a strong emphasis on debt, preferred stocks, and convertible bonds. His strategic decisions are closely watched by value investors seeking to emulate his success. Howard Marks (Trades, Portfolio) added a total of 9 stocks to his portfolio, with notable additions including: The most significant addition was Nokia Oyj (NYSE:NOK), with 18,752,227 shares, accounting for 2.3% of the portfolio and a total value of $98.82 million. The second largest addition was TransAlta Corp (NYSE:TAC), consisting of 5,585,253 shares, representing approximately 1.21% of the portfolio, with a total value of $52.12 million. The third largest addition was Grab Holdings Ltd (NASDAQ:GRAB), with 10,275,995 shares, accounting for 1.08% of the portfolio and a total value of $46.55 million. Howard Marks (Trades, Portfolio) also increased stakes in a total of 5 stocks, among them: The most notable increase was Barrick Mining Corp (NYSE:B), with an additional 1,501,595 shares, bringing the total to 2,516,658 shares. This adjustment represents a significant 147.93% increase in share count, a 0.68% impact on the current portfolio, with a total value of $48.92 million. The second largest increase was Cemex SAB de CV (NYSE:CX), with an additional 4,794,697 shares, bringing the total to 19,383,729. This adjustment represents a significant 32.87% increase in share count, with a total value of $108.74 million. Howard Marks (Trades, Portfolio) completely exited 12 holdings in the first quarter of 2025, as detailed below: Infinera Corp (INFN): Howard Marks (Trades, Portfolio) sold all 25,175,384 shares, resulting in a -3.41% impact on the portfolio. Sunrise Communications AG (NASDAQ:SNRE): Howard Marks (Trades, Portfolio) liquidated all 1,440,836 shares, causing a -1.28% impact on the portfolio. Howard Marks (Trades, Portfolio) also reduced positions in 16 stocks. The most significant changes include: Reduced Expand Energy Corp (NASDAQ:EXE) by 1,375,000 shares, resulting in a -19.82% decrease in shares and a -2.82% impact on the portfolio. The stock traded at an average price of $104.03 during the quarter and has returned 9.07% over the past 3 months and 15.41% year-to-date. Reduced California Resources Corp (NYSE:CRC) by 670,000 shares, resulting in a -32.73% reduction in shares and a -0.72% impact on the portfolio. The stock traded at an average price of $47.45 during the quarter and has returned -10.62% over the past 3 months and -16.93% year-to-date. At the first quarter of 2025, Howard Marks (Trades, Portfolio)'s portfolio included 55 stocks. The top holdings included 15.45% in TORM PLC (NASDAQ:TRMD), 14.43% in Expand Energy Corp (NASDAQ:EXE), 8.6% in Garrett Motion Inc (NASDAQ:GTX), 5.99% in Sitio Royalties Corp (NYSE:STR), and 4.73% in Anglogold Ashanti PLC (NYSE:AU). The holdings are mainly concentrated in 11 industries: Energy, Basic Materials, Consumer Cyclical, Financial Services, Communication Services, Technology, Real Estate, Healthcare, Utilities, Consumer Defensive, 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
The Herald Scotland
08-05-2025
- Business
- The Herald Scotland
TrinityBridge: A wealth of energy and ideas clients can count on
Indeed, the leading wealth management firm has been working with individuals, families, professionals, and businesses to guide them towards making the right financial choices for their unique circumstances for more than 30 years. In March, Close Brothers Asset Management unveiled the TrinityBridge name following completion of its sale to funds managed by Oaktree Capital Management LP. As a standalone, independent business, this year sees the respected institution embark on the next phase of its journey. TrinityBridge has also launched a £35 million investment programme to enhance its technology as it becomes an independent firm. For Marcelo Rodrigues, Managing Director of TrinityBridge in Scotland, any suggestion that this current era of geopolitical uncertainty is the wrong time to launch as an independent business is quickly swept away. 'There's been uncertainty before – the financial crisis and recession in 2008/09 and, more recently, the Covid pandemic – and it is inevitable that we will face periods of uncertainty in the future,' he points out. 'My view is that during times when there is so much volatility… that is when the value of what we do as a business really comes to life! The world doesn't stop for our clients – they still have decisions to make and businesses to run. Our job is to provide guidance and support, and help them navigate challenges and optimise opportunities provided by an ever-changing external environment. 'We can't control politics or what's happening at home or in other parts of the world – but we can control the service and the advice we provide to our clients, and how these are constantly reviewed and adapted to create the best possible outcomes for their individual circumstances.' Mr Rodrigues, who joined the company last summer from Schroders Personal Wealth where he was responsible for business development and partnerships, has also held senior management positions at NatWest and Lloyds Banking Group. As a highly qualified and experienced Wealth Manager himself, he is unapologetic about his belief that a client-centric approach is the only feasible route to sustainable success, and one that benefits all parties involved. At TrinityBridge, he is 'channelling the energy of the people in the business' to drive it forward and achieve its growth ambitions. 'We have a very powerful business model with our integrated proposition of investment management and financial planning – that makes us stand out in the wealth management space and able to react to market influences,' says Mr Rodrigues. He also points to TrinityBridge's people as its 'biggest asset', adding: 'We're a people business. We have a great mix of people from various backgrounds – some have trained with the Big Four, others have started their career with us. Our recruitment process is very thoughtful and having such a diverse pool of talent is hugely beneficial for our clients, too. It's a very cohesive approach, combining experience and creativity from a thoroughly diverse set of minds.' Looking at the wider investment management and financial planning landscape, Mr Rodrigues points to a huge amount of consolidation in recent years, largely driven through increased regulation which makes it more difficult for smaller competitors. 'The UK market has always been very fragmented, which makes it more challenging to regulate,' he explains. 'It makes it difficult to maintain oversight, often leading to poor client experiences and results 'Regulation evolves and that is important if we are to deliver the best outcomes for our clients.' With offices in Melville Street, Edinburgh and Glasgow's St Vincent Street, TrinityBridge serves clients the length and breadth of the country, from Shetland down to the Scottish Borders, covering the islands, Inverness and Aberdeen, now home to GB Energy, the new, publicly-owned, clean energy company set up by the UK Government. 'Growth is very much on our agenda, and our priority is organic growth. We want to grow the business in a sustainable way,' Mr Rodrigues points out. 'We are focused on our existing client base and what we find is that, when you do that, growth comes through client referrals from their network. 'That is the most sustainable way to grow and ensures that our clients receive what they want and deserve.' Asked if TrinityBridge will expand its physical presence in Scotland in the future, Mr Rodrigues said: 'We will absolutely explore any opportunities that arise and it is interesting that we've experienced considerable growth in rural areas. We support clients from many different sectors, including agriculture, land management, renewables, and oil and gas. As we grow, we will not rule out opening new offices.' As part of its growth ambitions north of the Border, the firm has also recently announced the appointment of Andrew Knight as client relationship director for Scotland. Mr Knight has a proven track record in financial planning and client relationship management and will play a key role in identifying and securing new client relationships, developing strategic partnerships, and enhancing the firm's market presence. 'As we move forward, our key message to our clients is that we have an incredibly strong brand – we may have a new name, but our clients continue to be served by the same people they have built strong, trusting relationships with,' assures Mr Rodrigues. 'There's a new name above the door but it is business as usual. 'However, we know that we need to work very hard to keep raising awareness of the benefits of what we do – for existing and prospective clients. We take nothing for granted in a competitive environment but we do play to our strengths and the fact that we have bespoke investment management and financial planning services under one roof is very much our key point of difference.'
The Herald Scotland
08-05-2025
- Business
- The Herald Scotland
TrinityBridge: A wealth of energy and ideas clients can bank on
Indeed, the leading wealth management firm has been working with individuals, families, professionals, and businesses to guide them towards making the right financial choices for their unique circumstances for more than 30 years. In March, Close Brothers Asset Management unveiled the TrinityBridge name following completion of its sale to funds managed by Oaktree Capital Management LP. As a standalone, independent business, this year sees the respected institution embark on the next phase of its journey. TrinityBridge has also launched a £35 million investment programme to enhance its technology as it becomes an independent firm. For Marcelo Rodrigues, Managing Director of TrinityBridge in Scotland, any suggestion that this current era of geopolitical uncertainty is the wrong time to launch as an independent business is quickly swept away. 'There's been uncertainty before – the financial crisis and recession in 2008/09 and, more recently, the Covid pandemic – and it is inevitable that we will face periods of uncertainty in the future,' he points out. 'My view is that during times when there is so much volatility… that is when the value of what we do as a business really comes to life! The world doesn't stop for our clients – they still have decisions to make and businesses to run. Our job is to provide guidance and support, and help them navigate challenges and optimise opportunities provided by an ever-changing external environment. 'We can't control politics or what's happening at home or in other parts of the world – but we can control the service and the advice we provide to our clients, and how these are constantly reviewed and adapted to create the best possible outcomes for their individual circumstances.' Mr Rodrigues, who joined the company last summer from Schroders Personal Wealth where he was responsible for business development and partnerships, has also held senior management positions at NatWest and Lloyds Banking Group. As a highly qualified and experienced Wealth Manager himself, he is unapologetic about his belief that a client-centric approach is the only feasible route to sustainable success, and one that benefits all parties involved. At TrinityBridge, he is 'channelling the energy of the people in the business' to drive it forward and achieve its growth ambitions. 'We have a very powerful business model with our integrated proposition of investment management and financial planning – that makes us stand out in the wealth management space and able to react to market influences,' says Mr Rodrigues. He also points to TrinityBridge's people as its 'biggest asset', adding: 'We're a people business. We have a great mix of people from various backgrounds – some have trained with the Big Four, others have started their career with us. Our recruitment process is very thoughtful and having such a diverse pool of talent is hugely beneficial for our clients, too. It's a very cohesive approach, combining experience and creativity from a thoroughly diverse set of minds.' Looking at the wider investment management and financial planning landscape, Mr Rodrigues points to a huge amount of consolidation in recent years, largely driven through increased regulation which makes it more difficult for smaller competitors. 'The UK market has always been very fragmented, which makes it more challenging to regulate,' he explains. 'It makes it difficult to maintain oversight, often leading to poor client experiences and results 'Regulation evolves and that is important if we are to deliver the best outcomes for our clients.' With offices in Melville Street, Edinburgh and Glasgow's St Vincent Street, TrinityBridge serves clients the length and breadth of the country, from Shetland down to the Scottish Borders, covering the islands, Inverness and Aberdeen, now home to GB Energy, the new, publicly-owned, clean energy company set up by the UK Government. 'Growth is very much on our agenda, and our priority is organic growth. We want to grow the business in a sustainable way,' Mr Rodrigues points out. 'We are focused on our existing client base and what we find is that, when you do that, growth comes through client referrals from their network. 'That is the most sustainable way to grow and ensures that our clients receive what they want and deserve.' Asked if TrinityBridge will expand its physical presence in Scotland in the future, Mr Rodrigues said: 'We will absolutely explore any opportunities that arise and it is interesting that we've experienced considerable growth in rural areas. We support clients from many different sectors, including agriculture, land management, renewables, and oil and gas. As we grow, we will not rule out opening new offices.' As part of its growth ambitions north of the Border, the firm has also recently announced the appointment of Andrew Knight as client relationship director for Scotland. Mr Knight has a proven track record in financial planning and client relationship management and will play a key role in identifying and securing new client relationships, developing strategic partnerships, and enhancing the firm's market presence. 'As we move forward, our key message to our clients is that we have an incredibly strong brand – we may have a new name, but our clients continue to be served by the same people they have built strong, trusting relationships with,' assures Mr Rodrigues. 'There's a new name above the door but it is business as usual. 'However, we know that we need to work very hard to keep raising awareness of the benefits of what we do – for existing and prospective clients. We take nothing for granted in a competitive environment but we do play to our strengths and the fact that we have bespoke investment management and financial planning services under one roof is very much our key point of difference.'
Yahoo
31-03-2025
- Business
- Yahoo
Oaktree Plans Special Situations Fund as Tariff Threats Grow
(Bloomberg) -- Oaktree Capital Management LP is seeking investors for its latest fund focusing on corporate special situations, according to people familiar with the matter, as a global trade war darkens the outlook for businesses. Gold-Rush Fever Returns to Historic New Zealand Mining Town What Frank Lloyd Wright Learned From the Desert Bank Regulators Fight for Desks as OCC Returns to New York Tower These US Bridges Face High Risk of Catastrophic Ship Strikes Charter Schools, Colleges Push Muni Debt Distress Near Record The Oaktree Special Situations Fund IV may reach about $4 billion, said the people, who asked not to be identified because the matter is private. The previous vintage of this strategy raised $3 billion, they said. The fund will invest in assets such as distressed debt, structured equity or direct equity, the people said. The move comes as the imposition of tariffs between major global economies threatens to hurt supply chains and corporate margins. The firm's previous two funds of this type both had a net internal rate of return of around 30%, the people said. Oaktree's special situations strategy is led by Matt Wilson and Jordon Kruse. A representative for Oaktree declined to comment. It currently invests in companies including fund manager Australian Alternative Asset Partners, US beer manufacturer City Brewing Company and global healthcare firm GenesisCare, according to its website. Trump's IRS Cuts Are Tempting Taxpayers to Cheat Google Is Searching for an Answer to ChatGPT Israel Aims to Be the World's Arms Dealer Business Schools Are Back How a US Maker of Rat-Proof Trash Bins Got Boxed in by Trump's Tariffs ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
31-03-2025
- Business
- Bloomberg
Oaktree Plans Special Situations Fund as Tariff Threats Grow
Oaktree Capital Management LP is seeking investors for its latest fund focusing on corporate special situations, according to people familiar with the matter, as a global trade war darkens the outlook for businesses. The Oaktree Special Situations Fund IV may reach about $4 billion, said the people, who asked not to be identified because the matter is private. The previous vintage of this strategy raised $3 billion, they said.
