Howard Marks - Oaktree Capital Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    52
Portfolio value:    $4,306,744,181
Holdings Activity Buys Sells    History
Holding/activity history for  Vale S.A. (VALE)
← All VALE superinvestors
Period Shares % of Portfolio Activity % Change to Portfolio Price Value Filing
2026   Q1 0 0.00 Sell 100.00% 0.58 $13.18–17.72 · VW $15.97i SEC
2025   Q4 2,023,706 0.58 Reduce 0.49% <0.01 $10.71–13.62 · VW $12.32i $26,368,889 SEC
2025   Q3 2,033,706 0.47 $10.86 $22,086,047 SEC
2025   Q2 2,033,706 0.50 Reduce 66.19% 0.98 $8.06–10.22 · VW $9.36i $19,747,285 SEC
2025   Q1 6,014,782 1.48 Reduce 16.37% 0.23 $8.38–10.28 · VW $9.44i $60,027,524 SEC
2024   Q4 7,192,005 1.42 Reduce 12.33% 0.22 $8.69–12.05 · VW $10.20i $63,793,084 SEC
2024   Q3 8,203,466 1.80 Reduce 35.68% 0.97 $9.66–11.98 · VW $10.86i $95,816,482 SEC
2024   Q2 12,753,203 2.72 Add 10.73% 0.26 $10.99–13.14 · VW $11.97i $142,453,277 SEC
2024   Q1 11,516,869 2.47 Add 22.52% 0.45 $11.88–15.99 · VW $13.43i $140,390,633 SEC
2023   Q4 9,399,887 2.53 Add 8.11% 0.19 $12.28–16.08 · VW $14.49i $149,082,207 SEC
2023   Q3 8,694,367 2.06 Add 11.71% 0.22 $12.22–15.31 · VW $13.73i $116,504,517 SEC
2023   Q2 7,782,982 1.65 Reduce 7.05% 0.13 $12.51–16.60 · VW $13.91i $104,447,618 SEC
2023   Q1 8,372,867 1.81 Add 4.03% 0.07 $14.74–19.31 · VW $16.88i $132,123,841 SEC
2022   Q4 8,048,699 1.76 Reduce 7.94% 0.12 $12.47–17.23 · VW $14.81i $136,586,422 SEC
2022   Q3 8,742,419 1.54 Add 12.90% 0.18 $11.72–14.64 · VW $13.12i $116,449,000 SEC
2022   Q2 7,743,766 1.60 Reduce 0.68% 0.01 $13.75–21.29 · VW $16.89i $113,291,000 SEC
2022   Q1 7,796,846 2.03 Add 1.68% 0.03 $13.54–20.96 · VW $17.46i $155,858,000 SEC
2021   Q4 7,668,042 1.51 Add 28.17% 0.33 $11.16–15.10 · VW $12.95i $107,505,000 SEC
2021   Q3 5,982,790 1.49 Reduce 4.21% 0.10 $13.75–23.15 · VW $18.43i $83,460,000 SEC
2021   Q2 6,245,576 2.27 Reduce 1.92% 0.04 $16.93–23.18 · VW $21.16i $142,462,000 SEC
2021   Q1 6,368,157 1.84 Reduce 5.75% 0.14 $16.05–19.00 · VW $17.17i $110,679,000 SEC
2020   Q4 6,756,996 2.43 Add 55.21% 0.86 $10.29–17.46 · VW $13.62i $113,247,000 SEC
2020   Q3 4,353,472 1.25 Buy 1.25 $10.11–12.15 · VW $11.17i $46,059,000 SEC
2019   Q1 0 0.00 Sell 100.00% 1.19 $10.89–15.45 · VW $12.69i SEC
2018   Q4 3,016,925 1.19 Reduce 8.65% 0.08 $12.55–16.13 · VW $14.29i $39,793,000 SEC
2018   Q3 3,302,681 0.96 Add 33.07% 0.24 $12.42–15.29 · VW $13.80i $49,012,000 SEC
2018   Q2 2,481,959 0.67 Reduce 27.70% 0.32 $12.28–15.24 · VW $13.60i $31,819,000 SEC
2018   Q1 3,432,680 1.14 Reduce 63.53% 1.98 $11.93–14.67 · VW $13.18i $43,664,000 SEC
2017   Q4 9,411,396 3.12 Add 4.13% 0.12 $9.53–12.30 · VW $10.68i $115,102,000 SEC
2017   Q3 9,037,993 2.35 Reduce 12.15% 0.29 $8.56–11.72 · VW $10.24i $91,014,000 SEC
2017   Q2 10,288,386 2.38 Add 61.16% 0.90 $7.47–10.10 · VW $8.53i $84,602,000 SEC
2017   Q1 6,383,879 1.42 Reduce 2.28% 0.03 $7.84–11.70 · VW $9.94i $57,951,000 SEC
2016   Q4 6,532,761 1.26 Reduce 30.06% 0.38 $5.39–9.34 · VW $7.63i $45,907,000 SEC
2016   Q3 9,340,843 1.26 Reduce 8.39% 0.12 $4.68–6.17 · VW $5.45i $44,963,000 SEC
2016   Q2 10,196,085 1.47 Add 8.56% 0.12 $3.85–6.26 · VW $4.87i $32,873,000 SEC
2016   Q1 9,391,785 1.11 $2.58 $24,186,000 SEC
2015   Q4 9,391,785 0.60 Reduce 8.10% 0.07 $2.99–5.53 · VW $4.01i $24,186,000 SEC
2015   Q3 10,219,929 0.83 Add 6.95% 0.05 $4.03–5.96 · VW $5.00i $34,237,000 SEC
2015   Q2 9,555,744 0.93 Add 24.55% 0.18 $5.45–9.14 · VW $6.93i $48,257,000 SEC
2015   Q1 7,672,044 0.62 Add 14.19% 0.08 $5.56–8.83 · VW $7.02i $37,209,000 SEC
2014   Q4 6,718,672 0.83 Add 19.17% 0.13 $6.82–11.95 · VW $9.23i $48,778,000 SEC
2014   Q3 5,637,772 1.84 Add 39.03% 0.52 $10.61–14.93 · VW $12.85i $54,743,000 SEC
2014   Q2 4,055,072 1.92 Add 20.99% 0.33 $12.55–15.59 · VW $13.45i $48,255,000 SEC
2014   Q1 3,351,672 1.79 Add 26.10% 0.37 $12.29–14.93 · VW $13.73i $41,728,000 SEC
2013   Q4 2,657,843 1.63 Add 285.92% 1.21 $14.40–17.14 · VW $15.61i $37,236,000 SEC
2013   Q3 688,700 0.51 Reduce 18.55% 0.11 $12.39–16.89 · VW $14.65i $9,786,000 SEC
2013   Q2 845,600 0.57 Add 83.68% 0.26 $12.73–18.55 · VW $15.48i $10,282,000 SEC
2013   Q1 460,356 0.58 $20.96 $9,649,000 SEC
2012   Q4 460,356 0.42 Reduce 16.73% 0.06 $16.92–21.09 · VW $18.60i $9,649,000 SEC
2012   Q3 552,827 0.36 Reduce 40.59% 0.26 $15.77–20.72 · VW $17.79i $9,895,000 SEC
2012   Q2 930,549 0.64 Add 76.99% 0.28 $17.62–24.18 · VW $20.47i $18,704,000 SEC
2012   Q1 525,754 0.39 Buy 0.39 $22.18–26.87 · VW $24.52i $12,266,000 SEC
2011   Q4 0 0.00 Sell 100.00% 0.01 $20.46–26.79 · VW $23.65i SEC
2011   Q3 11,197 0.01 Buy 0.01 $22.56–33.74 · VW $28.20i $255,000 SEC
2010   Q4 0 0.00 Sell 100.00% 0.77 $31.09–35.00 · VW $32.77i SEC
2010   Q3 362,300 0.77 Buy 0.77 $23.86–31.31 · VW $27.94i $11,329,000 SEC
2010   Q2 0 0.00 Sell 100.00% 2.24 $23.58–34.71 · VW $27.99i SEC
2010   Q1 514,315 2.24 Buy 2.24 $24.21–32.66 · VW $28.77i $16,556,000 SEC
Price snapshot:
Current price$14.18
52-week low$8.59
52-week high$17.94