Howard Marks's top holdings (April 2025) include TORM Plc (TRMD), a global owner and operator of tanker vessels.

Howard Marks is the Co-Chairman and Co-Founder of Oaktree Capital Management. He is known for his insightful investment philosophy and expertise in alternative investments, particularly distressed debt. His firm focuses on delivering consistent, long-term results.

TORM Plc (TRMD)

TORM Plc operates as a global owner and operator of tanker vessels, transporting refined oil products and crude oil. The company is a significant player in the product tanker market, owning and operating a modern fleet. TORM's vessels sail worldwide, serving major oil companies, trading houses, and other participants in the oil industry. TORM Plc has a market capitalization of $1.65B, with Howard Marks's position currently valued at $667.56M. The discounted cash flow value stands at $53.56.

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

Chesapeake Energy Corp. (CHK)

Chesapeake Energy Corp. is an independent exploration and production company focused on discovering and developing unconventional oil and natural gas resources in the United States. The company's operations are primarily focused on shale plays. The current value of Howard Marks's position is $565.12M. Chesapeake Energy Corp. has a market capitalization of $8.41B, and its discounted cash flow value is $214.92.

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

Garrett Motion Inc (GTX)

Garrett Motion Inc. designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers. The company's products enhance vehicle performance, fuel efficiency, and emissions. The current value of Howard Marks's holding is $356.63M. Garrett Motion Inc has a market capitalization of $1.68B. The company's discounted cash flow analysis suggests a value of $2.0 per share.

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

Sitio Royalties Corporation (STR)

Sitio Royalties Corporation is a company focused on acquiring and managing oil and gas mineral and royalty interests in the United States. They generate revenue from lease bonus payments, royalties, and other income related to the production of oil and gas on their properties. Howard Marks's position in Sitio Royalties Corporation is currently worth $258.83M. Sitio Royalties Corporation has a market capitalization of $1.73B and a discounted cash flow value of $65.07.

Here's an overview of Howard Marks's trades in Sitio Royalties Corporation:

Infinera Corp. (INFN)

Infinera Corp. provides optical transport networking equipment, software, and services to telecommunications service providers, internet content providers, submarine network operators, and enterprises. Their products allow customers to increase bandwidth capacity, improve network efficiency, and deliver new services. The current value of Howard Marks's position in Infinera Corp. is $167.16M. Infinera Corp. has a market capitalization of $1.57B. The discounted cash flow value is $-1.66.

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