Howard Marks recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Chairman of Oaktree Capital Management LP. Since the formation of Oaktree in 1995, Mr. Marks has been responsible for ensuring the firm's adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm.
As of the latest 13F report, the guru’s equity portfolio contained 227 stocks valued at a total of $8.44Bil. The top holdings were TRMD(18.16%), CHK(9.65%), and GTXAP.PFD(7.10%).
According to GuruFocus data, these were Howard Marks (Trades, Portfolio)’s top five trades of the quarter.
Oaktree Specialty Lending Corp
During the quarter, Howard Marks (Trades, Portfolio) bought 255,707 shares of NAS:OCSL for a total holding of 5,270,218. The trade had a 0.07000000000000001% impact on the equity portfolio. During the quarter, the stock traded for an average price of $21.13.
On 02/15/2023, Oaktree Specialty Lending Corp traded for a price of $20.18 per share and a market cap of $1.56Bil. The stock has returned -0.60% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Oaktree Specialty Lending Corp has a price-earnings ratio of 504.50, a price-book ratio of 1.03, a price-earnings-to-growth (PEG) ratio of 173.97 and a price-sales ratio of 104.55.
The price-to-GF Value ratio is 2.92, earning the stock a GF Value rank of 1.
Sitio Royalties Corp
The guru established a new position worth 12,935,120 shares in NYSE:STR, giving the stock a 4.42% weight in the equity portfolio. Shares traded for an average price of $28.96 during the quarter.
On 02/15/2023, Sitio Royalties Corp traded for a price of $26.82 per share and a market cap of $2.07Bil. The stock has returned 0.00% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, Sitio Royalties Corp has a price-earnings ratio of 24.61, a price-book ratio of 0.19, a EV-to-Ebitda ratio of 12.66 and a price-sales ratio of 2.60.
Sitio Royalties Corp
The guru sold out of their 12,935,120-share investment in NYSE:STR. Previously, the stock had a 3.51% weight in the equity portfolio. Shares traded for an average price of $28.94 during the quarter.
On 02/15/2023, Sitio Royalties Corp traded for a price of $25.82 per share and a market cap of $328.07Mil. The stock has returned 0.00% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, Sitio Royalties Corp has a price-earnings ratio of 24.54, a price-book ratio of 0.19, a EV-to-Ebitda ratio of 12.66 and a price-sales ratio of 2.64.
PG&E Corp
Howard Marks (Trades, Portfolio) reduced their investment in NYSE:PCG by 17,000,000 shares. The trade had a 2.6% impact on the equity portfolio. During the quarter, the stock traded for an average price of $15.12.
On 02/15/2023, PG&E Corp traded for a price of $15.58 per share and a market cap of $33.07Bil. The stock has returned 38.12% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, PG&E Corp has a price-earnings ratio of 18.55, a price-book ratio of 1.49, a EV-to-Ebitda ratio of 13.04 and a price-sales ratio of 1.50.
The price-to-GF Value ratio is 2.58, earning the stock a GF Value rank of 1.
Chesapeake Energy Corp
Howard Marks (Trades, Portfolio) reduced their investment in NAS:CHK by 1,170,121 shares. The trade had a 1.35% impact on the equity portfolio. During the quarter, the stock traded for an average price of $99.06999999999999.
On 02/15/2023, Chesapeake Energy Corp traded for a price of $83.87 per share and a market cap of $11.24Bil. The stock has returned 37.90% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Chesapeake Energy Corp has a price-earnings ratio of 4.37, a price-book ratio of 1.60, a EV-to-Ebitda ratio of 4.81 and a price-sales ratio of 1.64.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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