中文
Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Deep value

Howard Marks

Q2 2026 13F: 51 holdings worth about $3.8B; that quarter 10 new, 9 added, 16 trimmed, 11 sold out.

Firm: Oaktree Capital Management LP · Oaktree Fund Advisors, LLC
Filer: OAKTREE CAPITAL MANAGEMENT LP CIK 949509, Oaktree Fund Advisors, LLC CIK 1822973
Last filed: Aug 14, 2026 | Deep value | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

  • Rule numbers (Q2 2026): 51 holdings, top 10 = 66%, stocks $3.8B, options 33%; all four rules met
  • Source for the value approach: Something of Value (Oaktree Capital Management, 2021-01-11): “These influences and experiences led me to adopt a value approach” (checked 2026-10-11)

Full selection rules →

13F value
$3.8B
previous $4.4B (−12.1%)
Holdings
51
10 new / 11 sold out
Net deploymentest.
−16.3%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
66%
overlap with the composite 2%
Turnoverest.
9.9%
held 10 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedGTXGarrett Motion Inc−7.00M−48%−6.61$18.17 → $36.23$27.20
Sold outNOKNokia Corp−11.20M—−3.88$8.04 → $13.28$10.66
Sold outCRDOCredo Technology Group Holding Ltd−539.0K—−3.82$93.87 → $271.95$182.91
TrimmedSTKLSunOpta Inc−20.65M−100%−2.94$6.48 → $5.47$5.98
TrimmedCORZCore Scientific, Inc./tx−4.36M−47%−2.91$14.96 → $25.59$20.27
Sold outPBR.APetrobras (preferred ADR)−6.47M—−2.73$18.75 → $14.64$16.69
TrimmedTRMDTorm PLC−3.51M−15%−2.36$28.11 → $25.79$26.95
Sold outCBLAQCBL & Associates Properties−2.15M—−2.16$38.43 → ——
AddedOCSLOaktree Specialty Lending Corp+6.02M+325%+1.87$11.30 → $11.94$11.62
NewSESea Ltd+677.7K—+1.69$82.81 → $95.83$89.32
NewVSATViasat Inc+630.3K—+1.48$45.80 → $89.81$67.81
NewMMYTMakeMyTrip Ltd+1.05M—+1.46$37.29 → $53.29$45.29
NewMATWMatthews International Corp+1.93M—+1.35$25.82 → $26.92$26.37
TrimmedTACTransalta Corp−3.42M−53%−1.23$13.13 → $13.82$13.48
AddedTDSTelephone and Data Systems+990.7K+23%+0.96$42.10 → $37.01$39.55
TrimmedINDVIndivior Pharmaceuticals, Inc−856.9K−12%−0.92$30.48 → $41.03$35.76
TrimmedCXCemex−2.66M−96%−0.83$11.44 → $12.00$11.72
Sold outECVTEcovyst Inc−2.39M—−0.80$12.86 → ——
AddedBBarrick Mining Corp+645.6K+23%+0.62$40.79 → $36.73$38.76
NewQMCOQuantum Corp+2.01M—+0.58— → $11.00—
TrimmedTEOTelecom Argentina SA−1.51M−93%−0.51$11.69 → $13.00$12.34
NewSGRYSurgery Partners, Inc+862.6K—+0.38$11.92 → $16.80$14.36
AddedLILAKLiberty Latin America Ltd+1.81M+31%+0.37$8.82 → $7.79$8.31
Sold outOPTUOptimum Communications, Inc−7.33M—−0.25$1.30 → ——
Sold outILLUUIllumination Acquisition Corp. I−750.0K—−0.19$9.92 → ——
Sold outNRGNRG Energy Inc−49.0K—−0.19$146.14 → $146.06$146.10
Sold outHDBHDFC Bank Ltd−240.8K—−0.16$24.88 → $25.83$25.35
AddedYPFYPF S.A.+123.1K+12%+0.15$46.22 → $45.47$45.84
Sold outBKLNInvesco Senior Loan ETF−200.0K—−0.11$20.41 → ——
NewDPCDPC Holdings PLC+75.0K—+0.10— → $49.06—
NewNNBRNN Inc+1.01M—+0.09$1.45 → $3.59$2.52
New—Service Properties Trust+1.99M—+0.09— → $1.69—
TrimmedAUAnglogold Ashanti PLC−28.8K−1%−0.06$97.36 → $80.89$89.12
AddedBTAIQBioXcel Therapeutics, Inc+1.34M+472%+0.05$1.34 → $1.41$1.38
TrimmedITUBItau Unibanco Holding S.A−135.8K−1%−0.03$8.38 → $8.17$8.28
TrimmedALVOAlvotech−283.7K−62%−0.03$1.32 → $3.69$2.50
TrimmedADArray Digital Infrastructure, Inc−27.6K−4%−0.03$46.14 → $36.26$41.20
AddedSMPLSimply Good Foods Co+75.0K+7%+0.03$14.35 → $13.28$13.82
AddedBLCOBausch & Lomb Corp+58.3K+2%+0.03$15.90 → $16.56$16.23
TrimmedFCXFreeport-McMoRan Inc−11.6K−1%−0.02$58.78 → $62.89$60.83
TrimmedXPXP Inc−35.4K−1%−0.02$19.04 → $16.26$17.65
Sold outPDDPDD Holdings Inc−4.8K—−0.01$102.18 → $76.28$89.23
AddedMXMagnachip Semiconductor Corp+75.1K+5%+0.01$2.80 → $4.73$3.77
TrimmedEMBJEmbraer SA−5.1K−1%−0.01$59.34 → $63.80$61.57
TrimmedTXTernium S.A−6.9K−1%−0.01$40.15 → $42.70$41.42
NewOPIOffice Properties Income Trust+10.9K—+0.00— → $17.00—
II

All Holdings (49 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
TRMDTorm PLCIndustrials13.7%15.5%20.33M$524.3MTrimmed −15%Q2 201833$7.87est.$25.79+228%History
EXEExpand Energy CorpEnergy12.4%13.2%5.24M$477.6MHeldQ1 202122$46.16est.$91.19+98%History
GTXGarrett Motion IncConsumer discretionary7.2%6.1%7.59M$275.2MTrimmed −48%Q2 202121$7.64est.$36.23+374%History
AUAnglogold Ashanti PLCMaterials7.1%7.5%3.35M$270.8MTrimmed −1%Q3 202312$16.43est.$80.89+392%History
INDVIndivior Pharmaceuticals, IncHealth care6.6%4.9%6.13M$251.4MTrimmed −12%Q1 20262$30.48est.$41.03+35%History
TDSTelephone and Data SystemsCommunication & media5.1%4.1%5.28M$195.5MAdded +23%Q3 20254$38.29est.$37.01−3%History
VNOMViper Energy, IncEnergy4.2%4.1%3.79M$160.8MHeldQ3 20254$38.17est.$42.40+11%History
CORZCore Scientific, Inc./txFinancials3.3%3.2%4.99M$127.8MTrimmed −47%Q3 20254$17.25est.$25.59+48%History
TLNTalen Energy CorpUtilities3.3%2.4%331.1K$127.2MHeldQ3 20248$292.64est.$384.26+31%History
BBarrick Mining CorpMaterials3.3%2.6%3.45M$126.7MAdded +23%Q4 20247$22.24est.$36.73+65%History
ITUBItau Unibanco Holding S.AFinancials2.7%2.5%12.82M$104.7MTrimmed −1%Q1 20256$5.88est.$8.17+39%History
LBTYALiberty Global LtdCommunication & media2.5%2.4%8.55M$97.2MHeldQ2 20249$16.66est.$11.37−32%History
OCSLOaktree Specialty Lending CorpUnclassified2.5%0.5%7.87M$94.0MAdded +325%Q4 201735$13.67est.$11.94−13%History
FCXFreeport-McMoRan IncMaterials2.1%1.7%1.28M$80.7MTrimmed −1%Q3 202120$36.70est.$62.89+71%History
AEROGrupo Aeromexico, S.A.B. de C.VIndustrials1.9%1.3%3.97M$71.4MHeldQ4 20253$21.77est.$18.00−17%History
KRCKilroy Realty CorpReal estate1.8%1.2%1.85M$69.3MHeldQ1 202122$63.15est.$37.47−41%History
LILAKLiberty Latin America LtdCommunication & media1.7%1.3%7.56M$65.5MAdded +31%Q2 20255$7.26est.$7.79+7%History
SESea LtdIndustrials1.7%—677.7K$64.9MNewQ2 20261$89.32est.$95.83+7%History
BLCOBausch & Lomb CorpHealth care1.5%1.2%3.44M$57.0MAdded +2%Q2 20255$13.95est.$16.56+19%History
VSATViasat IncCommunication & media1.5%—630.3K$56.6MNewQ2 20261$67.81est.$89.81+32%History
MMYTMakeMyTrip LtdIndustrials1.5%—1.05M$56.0MNewQ2 20261$45.29est.$53.29+18%History
XPXP IncFinancials1.4%1.5%3.34M$54.2MTrimmed −1%Q3 20254$18.75est.$16.26−13%History
MATWMatthews International CorpMaterials1.4%—1.93M$51.8MNewQ2 20261$26.37est.$26.92+2%History
YPFYPF S.A.Energy1.3%1.1%1.12M$50.8MAdded +12%Q1 20262$46.18est.$45.47−2%History
TACTransalta CorpUtilities1.1%1.9%3.00M$41.5MTrimmed −53%Q1 20256$11.62est.$13.82+19%History
RWAYRunway Growth Finance CorpUnclassified1.0%1.1%7.03M$39.4MHeldQ4 202119$12.84est.$5.61−56%History
EMBJEmbraer SAIndustrials0.8%0.6%470.6K$30.0MTrimmed −1%Q1 20262$61.85est.$63.80+3%History
TXTernium S.AMaterials0.7%0.6%614.2K$26.2MTrimmed −1%Q2 202217$37.56est.$42.70+14%History
KRSPRice Acquisition Corp 3Blank-check (SPAC)0.7%0.6%2.40M$25.6MHeldQ4 20253$10.25est.$10.50+2%History
ADArray Digital Infrastructure, IncCommunication & media0.7%0.8%696.9K$25.3MTrimmed −4%Q3 20254$56.99est.$36.26−36%History
SHAZSharonAI Holdings IncInformation technology0.6%0.5%289.5K$24.5MUnclearQ1 20262$22.73est.$84.66+272%History
QMCOQuantum CorpInformation technology0.6%—2.01M$22.1MNewQ2 20261$11.00est.$11.000%History
SMPLSimply Good Foods CoConsumer staples0.4%0.4%1.20M$16.0MAdded +7%Q1 20262$17.00est.$13.28−22%History
SGRYSurgery Partners, IncHealth care0.4%—862.6K$14.5MNewQ2 20261$14.36est.$16.80+17%History
MINEMayfair Gold CorpMaterials0.3%0.3%4.50M$11.1MHeldQ1 20262$3.08est.$2.46−20%History
BMMBlue Moon Metals IncMaterials0.3%0.2%1.69M$10.7MHeldQ1 20262$6.46est.$6.34−2%History
SMRTSmartRent, IncInformation technology0.2%0.3%7.51M$8.9MHeldQ1 202218$4.51est.$1.19−74%History
MXMagnachip Semiconductor CorpInformation technology0.2%0.2%1.50M$7.1MAdded +5%Q1 201738$20.85est.$4.73−77%History
BATLBattalion Oil CorpEnergy0.1%0.3%3.01M$3.9MHeldQ1 202026$4.67est.$1.31−72%History
DPCDPC Holdings PLCMaterials0.1%—75.0K$3.7MNewQ2 20261$49.06est.$49.060%History
NNBRNN IncIndustrials0.1%—1.01M$3.6MNewQ2 20261$2.52est.$3.59+42%History
—Service Properties TrustUnclassified0.1%—1.99M$3.4MNewQ2 20261$1.69est.$1.690%
BTAIQBioXcel Therapeutics, IncHealth care0.1%0.0%1.63M$2.3MAdded +472%Q2 20255$1.45est.$1.41−3%History
TEOTelecom Argentina SACommunication & media0.0%0.4%116.1K$1.5MTrimmed −93%Q2 201833$12.00est.$13.00+8%History
CXCemexMaterials0.0%0.7%100.0K$1.2MTrimmed −96%Q2 201833$4.64est.$12.00+159%History
ALVOWAlvotechHealth care0.0%0.0%4.67M$1.1MHeldQ2 202217$0.84est.$0.23−73%History
ALVOAlvotechHealth care0.0%0.0%174.0K$642KTrimmed −62%Q2 202217$8.98est.$3.69−59%History
STKLSunOpta IncUnclassified0.0%3.1%74.3K$406KTrimmed −100%Q1 201738$11.12est.$5.47−51%History
OPIOffice Properties Income TrustReal estate0.0%—10.9K$184KNewQ2 20261$17.00est.$17.000%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapTRMDTorm PLCEXEExpand Energy CorpGTXGarrett Motion IncAUAnglogold Ashanti PLCINDVIndivior Pharmaceuticals…TDSTelephone and Data…VNOMViper Energy, IncCORZCore Scientific, I…TLNTalen Energy CorpBBarrick Mining C…ITUBItau Unibanco…LBTYALiberty Glob…OCSLOaktree Spec…FCXFreeport-M…AEROGrupo Ae…KRCKilroy R…LILAKLiberty L…SESea LtdBLCOBausch &…VSATViasat I…MMYTMakeMyTr…XPXP IncMATWMatthews In…YPFYPF S.A.TACRWAYEMBJTXKRSPADSHAZQMCOSMP…
IV

Over Time

From Q1 1999, 109 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$2.5B$5.0B$7.5BQ1 1999Q1 2002Q4 2004Q3 2007Q2 2010Q1 2013Q4 2015Q3 2018Q2 2021Q2 2026

Holdings

Holdings0100200Q1 1999Q1 2002Q4 2004Q3 2007Q2 2010Q1 2013Q4 2015Q3 2018Q2 2021Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q1 1999Q1 2002Q4 2004Q3 2007Q2 2010Q1 2013Q4 2015Q3 2018Q2 2021Q2 2026

Turnover (Est.)

Turnover0%20%40%Q1 1999Q1 2002Q4 2004Q3 2007Q2 2010Q1 2013Q4 2015Q3 2018Q2 2021Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q1 1999Q1 2002Q4 2004Q3 2007Q2 2010Q1 2013Q4 2015Q3 2018Q2 2021Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 109 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 2026511011$3.8B9.9%−16.3%13F-HR 13F-HR
Q1 2026521314$4.4B13.6%−13.7%13F-HR 13F-HR 13F-HR/A 13F-HR/A 13F-HR/A
Q4 20255357$4.6B5.0%−14.9%13F-HR 13F-HR
Q3 2025551311$5.0B13.7%+10.0%13F-HR 13F-HR
Q2 20255389$4.0B4.6%−9.7%13F-HR 13F-HR
Q1 202554912$4.1B11.2%−6.4%13F-HR 13F-HR
Q4 20245757$4.5B2.9%−5.1%13F-HR 13F-HR
Q3 202459103$5.4B8.3%+3.3%13F-HR 13F-HR
Q2 20245249$5.4B5.3%−6.6%13F-HR 13F-HR
Q1 2024571123$5.8B6.8%−1.5%13F-HR 13F-HR
Q4 202369917$5.5B4.3%−13.8%13F-HR 13F-HR
Q3 202377643$5.8B3.4%−13.0%13F-HR 13F-HR
Q2 2023114564$6.5B7.4%−14.0%13F-HR 13F-HR
Q1 2023 *1731871$7.9B2.4%−5.0%13F-HR 13F-HR 13F-HR/A
Q4 2022 *2261447$8.2B5.9%−8.9%13F-HR 13F-HR 13F-HR/A 13F-HR/A
Q3 2022 *2591432$7.9B4.0%+1.4%13F-HR 13F-HR
Q2 2022 *2775315$7.5B5.2%+0.8%13F-HR 13F-HR
Q1 2022 *2395848$8.4B3.4%+0.9%13F-HR 13F-HR
Q4 202122911723$7.7B3.0%+29.4%13F-HR 13F-HR 13F-HR/A
Q3 20211357618$5.7B6.1%−4.5%13F-HR 13F-HR 13F-HR/A 13F-HR/A 13F-HR/A
Q2 202177245$6.3B5.8%−5.0%13F-HR 13F-HR 13F-HR/A
Q1 20215889$6.0B7.3%+16.2%13F-HR 13F-HR/A 13F-HR/A 13F-HR/A 13F-HR/A 13F-HR/A 13F-HR/A 13F-HR/A
Q4 202059621$4.7B14.0%+2.2%13F-HR 13F-HR/A
Q3 2020741012$3.7B11.2%−6.5%13F-HR 13F-HR/A
Q2 202076915$3.7B5.8%+8.8%13F-HR 13F-HR/A
Q1 2020822316$2.8B3.9%+14.1%13F-HR 13F-HR/A
Q4 201975512$4.1B3.7%−3.4%13F-HR 13F-HR/A
Q3 201982128$3.8B3.2%−0.2%13F-HR 13F-HR/A
Q2 20197889$3.8B7.6%−0.7%13F-HR
Q1 20197989$3.6B6.3%−6.8%13F-HR
Q4 2018801211$3.5B19.2%+0.5%13F-HR 13F-HR/A
Q3 2018792010$4.0B10.4%−20.5%13F-HR
Q2 2018691413$4.9B14.4%+19.7%13F-HR
Q1 20186877$4.0B10.5%−3.1%13F-HR
Q4 20176859$4.0B6.7%−8.8%13F-HR 13F-HR/A
Q3 20177286$4.2B6.5%+3.6%13F-HR
Q2 2017702110$3.8B33.0%+4.0%13F-HR
Q1 2017591210$3.7B10.9%−6.7%13F-HR
Q4 201657106$3.6B3.9%−5.5%13F-HR
Q3 201653915$3.7B11.6%+40.7%13F-HR
Q2 201659911$2.5B12.2%+0.7%13F-HR
Q1 20166188$2.4B6.0%−41.9%13F-HR
Q4 20156198$4.2B4.1%+1.3%13F-HR
Q3 201560714$4.3B5.0%−2.4%13F-HR
Q2 20156789$5.3B8.4%−5.9%13F-HR
Q1 20156896$6.2B3.0%+5.0%13F-HR
Q4 201465139$6.1B6.9%+96.5%13F-HR
Q3 201461134$3.2B5.6%+30.1%13F-HR
Q2 20145278$2.8B9.0%+7.0%13F-HR
Q1 20145379$2.6B13.9%−2.9%13F-HR
Q4 201355117$2.5B11.1%+14.3%13F-HR
Q3 20135189$2.1B14.3%+6.6%13F-HR
Q2 201352813$2.0B7.8%−1.4%13F-HR 13F-HR/A
Q1 20135752$1.9B6.6%−43.7%13F-HR 13F-HR/A
Q4 2012541311$2.5B11.8%−15.0%13F-HR 13F-HR/A 13F-HR/A
Q3 20125268$2.9B5.6%−14.6%13F-HR 13F-HR/A 13F-HR/A
Q2 201254237$3.1B4.6%−3.8%13F-HR 13F-HR/A 13F-HR/A
Q1 2012381211$3.4B3.4%−19.3%13F-HR 13F-HR/A 13F-HR/A
Q4 201137618$3.6B12.8%+13.5%13F-HR 13F-HR/A 13F-HR/A
Q3 201149135$2.8B5.2%−2.2%13F-HR 13F-HR/A
Q2 2011411018$3.9B8.4%+2.7%13F-HR 13F-HR/A 13F-HR/A 13F-HR/A
Q1 201149171$3.8B7.4%+62.5%13F-HR 13F-HR/A
Q4 201033926$2.1B30.0%−37.3%13F-HR
Q3 201050228$2.7B10.2%+37.8%13F-HR 13F-HR/A
Q2 20103688$1.9B4.9%+0.9%13F-HR
Q1 201036711$2.1B5.5%+4.3%13F-HR
Q4 2009402310$2.0B5.6%+17.1%13F-HR 13F-HR/A 13F-HR/A
Q3 20092702$1.6B0.2%−2.6%13F-HR 13F-HR/A 13F-HR/A
Q2 200929727$1.5B6.4%−15.0%13F-HR
Q1 20094987$1.3B8.8%−11.4%13F-HR
Q4 200848207$1.3B8.4%+26.8%13F-HR
Q3 200835919$1.4B25.4%+48.1%13F-HR 13F-HR/A
Q2 2008451614$1.3B14.1%−6.9%13F-HR 13F-HR/A 13F-HR/A
Q1 200843126$1.3B9.7%+14.8%13F-HR
Q4 2007371215$1.2B24.8%+9.0%13F-HR
Q3 200740816$1.2B18.5%+20.1%13F-HR
Q2 2007481514$1.1B27.3%+7.6%13F-HR
Q1 2007471110$922.9M21.5%−0.1%13F-HR 13F-HR/A
Q4 2006461113$866.4M15.2%−29.4%13F-HR 13F-HR/A 13F-HR/A
Q3 200648178$1.1B22.4%+18.3%13F-HR
Q2 2006391313$870.9M51.8%−23.0%13F-HR 13F-HR/A 13F-HR/A 13F-HR/A
Q1 2006391513$921.5M27.4%−30.5%13F-HR
Q4 2005371013$1.4B6.5%−25.8%13F-HR
Q3 2005401110$1.9B8.5%−3.8%13F-HR 13F-HR/A
Q2 20053997$1.8B19.7%+0.3%13F-HR 13F-HR/A
Q1 2005371014$1.8B17.8%+8.4%13F-HR 13F-HR/A 13F-HR/A
Q4 20044167$1.8B5.0%+6.3%13F-HR 13F-HR/A
Q3 2004421414$1.4B16.4%+9.1%13F-HR 13F-HR/A
Q2 200442187$1.3B18.2%+107.9%13F-HR
Q1 200431913$580.9M21.4%−30.0%13F-HR
Q4 200335910$757.8M21.5%+0.6%13F-HR
Q3 2003361110$616.8M22.5%−4.2%13F-HR
Q2 2003351118$600.7M39.5%−2.1%13F-HR
Q1 200342144$512.0M10.3%+8.6%13F-HR 13F-HR/A
Q4 20023268$505.0M18.7%−5.4%13F-HR 13F-HR/A 13F-HR/A
Q3 200234615$469.7M14.2%−5.1%13F-HR 13F-HR/A 13F-HR/A
Q2 2002431710$654.9M18.6%+18.9%13F-HR
Q1 2002361110$634.0M23.2%+7.0%13F-HR
Q4 2001 *35820$569.9M16.4%−5.2%13F-HR
Q3 2001 *47167$511.8M17.8%+14.4%13F-HR
Q2 2001 *38518$563.6M17.2%−3.2%13F-HR
Q1 2001 *511713$533.9M24.9%−0.9%13F-HR
Q4 2000 *47149$582.1M34.3%+14.6%13F-HR
Q3 2000 *42910$578.2M12.7%−2.1%13F-HR
Q2 2000 *4300$520.3M——13F-HR
Q4 199942913$396.4M29.7%−1.6%13F-HR
Q3 199946175$378.5M8.0%+39.8%13F-HR
Q2 1999341815$278.7M28.6%−2.0%13F-HR
Q1 19993100$245.4M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
PBR.APetrobras (preferred ADR)Q1 2026 – Q2 20263%—
NOKNokia CorpQ1 2025 – Q2 20263%—
CBLAQCBL & Associates PropertiesQ4 2021 – Q2 20262%—
SBLKStar Bulk Carriers CorpQ3 2013 – Q1 202617%Still filing with the SEC
—Indivior LtdQ1 2024 – Q1 20266%Still filing with the SEC
VALEVale S.AQ3 2020 – Q1 20263%—
VISTVista Energy, S.A.B. de C.VQ3 2019 – Q1 20263%—
CRCCalifornia Resources CorpQ3 2024 – Q1 20262%Bought after an earlier bankruptcy Jul 16, 2020
FTAIFTAI Aviation LtdQ3 2025 – Q1 20262%Still filing with the SEC
STRSitio Royalties CorpQ4 2022 – Q3 20256%Acquired or delisted Sep 2, 2025
BRYBerry CorpQ1 2019 – Q3 20254%Still filing with the SEC
INFNInfinera CorpQ4 2018 – Q1 20256%No SEC record found
ITUBItau Unibanco Holding S.AQ3 2014 – Q4 20243%—
BBDBanco BradescoQ4 2019 – Q4 20242%No SEC record found
HTZHertz Global Holdings IncQ4 2021 – Q2 20245%—
NMIHNMI Holdings IncQ3 2014 – Q2 20244%—
IBNICICI Bank LtdQ3 2014 – Q2 20243%—
MTGMgic Investment CorpQ1 2013 – Q1 20244%Still filing with the SEC
VSTVistra CorpQ2 2017 – Q4 202325%Still filing with the SEC
ALLYAlly Financial IncQ2 2014 – Q3 202311%—
—Anglogold AshantiQ4 2013 – Q3 20233%Acquired or delisted Oct 5, 2023
—Garrett Motion IncQ4 2021 – Q2 20238%Bought after an earlier bankruptcy Sep 21, 2020
PCGPG&E CorpQ2 2020 – Q2 20236%—
—Eagle Bulk Shipping IncQ3 2020 – Q2 20233%Bought after an earlier bankruptcy Aug 6, 2014
WFRDWeatherford International plcQ4 2021 – Q2 20232%—
—Super Micro Computer, IncQ3 2018 – Q3 20223%Still filing with the SEC
COLDAmericold Realty Trust IncQ4 2020 – Q3 20219%—
SHLSShoals Technologies Group, IncQ1 2021 – Q3 20213%Still filing with the SEC
TSMTaiwan Semiconductor ManufacturingQ2 2012 – Q1 20216%—
ONTOnterris, IncQ3 2020 – Q4 20203%Still filing with the SEC
—Caesars Holdings IncQ4 2018 – Q3 20205%Acquired or delisted Jul 30, 2020
—Eagle Bulk Shipping Inc ComQ4 2014 – Q3 20204%No SEC record found
TMHCTaylor Morrison Home CorpQ1 2020 – Q3 20203%—
BABAAlibaba Group Holding LtdQ4 2019 – Q3 20203%—
PBR.APetrobras (preferred ADR)Q2 2017 – Q2 20202%—
AABAAltaba IncQ2 2017 – Q4 20197%Acquired or delisted Oct 7, 2019
CMBTCMB Tech NVQ2 2018 – Q4 20192%—
VICIVici Properties IncQ1 2018 – Q2 20193%—
—Tribune Media CoQ4 2014 – Q1 201923%Bought after an earlier bankruptcy Dec 11, 2008
VALEVale S.AQ4 2015 – Q1 20193%—