霍华德·马克斯——橡树资本联合创始人，以投资备忘录闻名；信用投资为主，股票 13F 只是一小部分。
| 持仓 | 市值 | 占比 | 较上季 |
|---|---|---|---|
| TRMDTorm Plc | $524.3M | 13.9% | 减仓 -15% |
| EXEExpand Energy Corp | $477.6M | 12.6% | 持平 |
| GTXGarrett Motion Inc | $275.2M | 7.3% | 减仓 -48% |
| AUAnglogold Ashanti Plc | $257.2M | 6.8% | 持平 |
| INDVIndivior Pharmaceuticals Inc | $251.4M | 6.7% | 减仓 -12% |
| TDSTelephone And Data Systems Inc | $195.5M | 5.2% | 加仓 +23% |
| VNOMViper Energy Inc | $160.8M | 4.2% | 持平 |
| CORZCore Scientific Inc | $127.8M | 3.4% | 减仓 -47% |
| TLNTalen Energy Corp | $127.2M | 3.4% | 持平 |
| BBarrick Mining Corp | $117.8M | 3.1% | 加仓 +22% |
| ITUBItau Unibanco Holding Sa | $97.9M | 2.6% | 持平 |
| LBTYALiberty Global Ltd | $97.2M | 2.6% | 持平 |
| OCSLOaktree Specialty Lending Corp | $94.0M | 2.5% | 加仓 +325% |
| FCXFreeport-Mcmoran Inc | $75.5M | 2.0% | 持平 |
| AEROGrupo Aeromexico Sab De Cv | $71.4M | 1.9% | 持平 |
13F 列出的是管理规模超 1 亿美元的机构在美股的多头持仓，季末后 45 天内申报。空头、期权结构和非美持仓不在内。来源：SEC EDGAR。