Howard Marks's top holdings (June 2026) include TORM Plc (TRMD), a shipping company that operates a fleet of tankers for the transportation of refined oil products.

Howard Marks is the co-founder and co-chairman of Oaktree Capital Management, an investment firm headquartered in Los Angeles. He focuses on credit, high-yield bonds, and distressed debt opportunities, and he is known for authoring memos that outline his investment philosophy.

TORM Plc (TRMD)

TORM Plc operates as a pure-play carrier of refined oil products, maintaining a fleet that moves gasoline, jet fuel, and diesel globally. The company manages all aspects of its operations, from technical management to commercial activities within the product tanker market. TORM Plc has a market capitalization of $2.79B, with Howard Marks's position currently valued at $649.39M. Analysts have set a price target of $34.5 for the company, and its discounted cash flow analysis suggests a value of $52.58 per share.

Here's an overview of Howard Marks's trades in TORM Plc:

Garrett Motion Inc (GTX)

Garrett Motion Inc is a technology provider for the automotive industry, specializing in turbocharging and electric boosting technologies. It serves original equipment manufacturers globally, producing components for both passenger and commercial vehicles. The company's market cap stands at $6.13B, while the current value of Howard Marks's holding is $478.13M. Analysts maintain a price target of $34.0 for the stock, while the discounted cash flow value is calculated at $6.98 per share.

Here's an overview of Howard Marks's trades in Garrett Motion Inc:

Chesapeake Energy Corp. (CHK)

Chesapeake Energy Corp. is an energy company focused on the exploration and production of oil and natural gas from underground reservoirs. The firm operates primarily in several major onshore plays across the United States, managing high-volume resource plays. Chesapeake Energy Corp. has a market cap of $10.7B, and this holding in Howard Marks's portfolio is currently worth $426.64M. The company's discounted cash flow analysis suggests a value of $214.92 per share.

Here's an overview of Howard Marks's trades in Chesapeake Energy Corp.:

Indivior Plc (INDV)

Indivior Plc is a pharmaceutical company that develops and manufactures medicines for the treatment of substance use disorders and serious mental illnesses. Its product portfolio includes various treatments aimed at opioid dependence and schizophrenia. The current value of Howard Marks's position in Indivior Plc is $251.57M, with the firm carrying a market capitalization of $4.49B. A discounted cash flow value of -$1.19 per share is associated with the company.

Here's an overview of Howard Marks's trades in Indivior Plc:

Core Scientific Inc (CORZ)

Core Scientific Inc provides digital asset computing services, specializing in blockchain infrastructure and hosting solutions. The company operates data centers that support the mining of digital assets and high-performance computing tasks. Core Scientific Inc has a market cap of $8.54B, and the current value of Howard Marks's holding is $251.07M. Analysts have assigned a price target of $28.71 to the stock, and its discounted cash flow analysis indicates a value of -$2.88 per share.

Here's an overview of Howard Marks's trades in Core Scientific Inc: