저자: 미상 · 외국인
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하워드 막스(Oaktree Capital) 포트폴리오 상위 10개 보유 종목을 소개하는 영상이다. 영상 결론: 막스의 포트폴리오는 분산되어 있으며, 상위 10개 종목 비중이 전체의 약 70% 미만이다. 포트폴리오 개요: 2021년 1월 기준 상위 10개 종목을 비중 순으로 소개한다. 상위 종목 대부분은 미국 기업이며, TSMC(대만)와 유럽 해운사 TORM(덴마크)도 포함된다. 상위 종목 소개: 2위 Ally Financial(자동차금융·은행, 비중 11.54%), 1위 Vistra(발전·전력, 비중 12.84%)가 가장 큰 비중이다. 3위 Star Bulk Carriers(건화물 해운, 8.96%), 4위 TORM(정제유 운송, 8.01%)이 뒤를 잇는다. 기타 종목: TSMC(6.51%), PG&E(5.29%), Infinera(4.87%), Montrose Environmental(3.4%), Cemex(3.12%), National MI(2.32%) 등이 소개된다. 섹터 구성: 유틸리티와 금융 섹터 비중이 크며, 기술·서비스·산업재를 합치면 전체의 약 85%이다. 예측 발언: 대상 자산에 대한 가격 방향 예측 발언은 없다.
다듬은 글
an american investor and writer howard marks is the co-founder and co-chairman of oaktree capital management lp the largest investor in distressed securities worldwide in 2020 marx had a net worth of 2.1 billion dollars ranking him at number 391 on the forbes 400 rankings of the wealthiest americans mark focuses on risk management and also applies this investment strategy when it comes to this company as a result oaktree capital management's portfolio is quite diversified and in today's video we're going to look at the 10 biggest positions in the company's portfolio as of january 2021 as found.com at 2.32 percent national mi holdings makes up the 10th largest position in howard mark's oak tree portfolio which translates to around 4.8 million shares that he owns in the company headquartered in emoryville california in the san francisco bay area this is a private mortgage insurance company that provides mortgage insurance services and outsourced loan review services to mortgage loan originators national mi serves national and regional mortgage banks money center banks credit unions community banks builder-owned mortgage lenders internet source lenders and other non-bank lenders according to their website the company enables low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default the next biggest position in oaktree's portfolio is cemex a mexican multinational building materials company headquartered in san pedro near monterey mexico the investor owns nearly 24 million shares in the company but that still only makes up 3.12 of his entire portfolio cemex is a manufacturer and distributor of cement ready-mix concrete and aggregates in more than 50 countries and is the second largest building materials company worldwide only after lafarge wholesome according to their website the company's aim is to create sustainable value by providing industry-leading products and solutions to satisfy the construction needs of our customers around the world they also state that they strive to become the world's most efficient and innovative building materials company however considering both their scope and greenhouse gas emissions cemex has been one of the most climate damaging public companies according to the climate accountability institute they currently operate on four continents with 66 cement plants 2 000 ready-mix concrete facilities 400 quarries 260 distribution centers and 80 marine terminals spread across the americas the caribbean europe africa the middle east and asia with around 4.3 million shares montrose environmental group incorporated makes up 3.4 percent of mark's portfolio and is thus the eighth biggest position montrose environmental group operates as an environmental company and offers air quality and environmental laboratory services including testing and lab services leak detection and repair soil and groundwater remediation water treatment biogas solutions regulatory consulting and planning and ecosystem consulting montro's environmental group is headquartered in orange county california but serves the landfills electric utilities water treatment facilities municipalities and corporations worldwide by applying the latest technologies in practical ways to solve difficult environmental challenges as they state on their website based in sunnyvale california inferno corporation is a vertically integrated manufacturer of wavelength division multiplexing wmd-based packet optical transmission equipment and ip transport technologies for the telecommunications service provider market the company provides network connectivity solutions for some of the world's most demanding networks and is a pioneer in design and manufacture of large-scale photonic integrated circuits the company sells hardware and software networking options for tier 1 carriers internet content provider cable operator government and enterprise networks howard mark's oak tree owns a whopping 25.1 million shares in inferna which translates to 4.87 of his portfolio the pacific gas and electric company short pg e is an american investor owned utility iou with a publicly traded stock that has its headquarters in the pacific gas and electric building in san francisco california it is one of six regulated ious in california alongside pacific court southern california edison san diego gas and electric bear valley electric and liberty utilities pg e is the leading subsidiary of holding company pg e corporation and is overseen by the california public utilities commission as the name suggests this company provides natural gas and electric and supplies most of the northern two-thirds of california from bakersfield and the north side of santa barbara county to the state line with oregon and nevada which represents about 5.2 million households oak tree owns 22.5 million shares in pg e making this company the sixth biggest position in his portfolio that makes up 5.29 of its entirety while the majority of the companies in the top 10 positions of howard mark's oak tree portfolio and headquarters in the us this next one is the only one headquartered in asia and taiwan to be exact marx owns over 2.5 million shares in tsmc taiwan semiconductor manufacturing company ltd which makes up 6.51 of his portfolio the company is primarily engaged in the manufacture sale and packaging test of integrated circuits and semiconductor products the manufacture of masks as well as the provision of computer-aided design services the company's products are designed for pcs and peripheral products information applications wired and wireless communication systems industrial equipment consumer electronics such as digital video disc players digital tvs game consoles and digital cameras they are distributed in the united states asia and europe in addition to the products mentioned tsmc is also engaged in the development of 5 nanometer process technology mass technology complementary metal oxide semiconductor cmos image sensor technology three-dimensional integrated circuit and tsmc system on integrated chips tsmc soic technology among others one of the two companies in oaktree's portfolio that are headquartered in europe is torm plc a shipping company that owns and operates product tankers and is engaged in the transportation of refined oil products worldwide torm was founded in 1889 in copenhagen denmark and today the company is a subsidiary of new york luxo and operates a fleet of approximately 80 vessels these product tankers carry refined oil products such as gasoline jet fuel nafta and diesel oil torm is listed on nasdaq copenhagen and the nasdaq in new york and while it is headquartered in copenhagen the company also has offices in houston london manila cebu new delhi mumbai and singapore employing approximately 3 100 seafarers and 300 land-based staff torm used to be the second biggest position in howard mark's portfolio but slipped down to the fourth spot recently making up 8.01 of his entire portfolio the third biggest position in the investors portfolio is another shipping company based in europe star bulk carriers corporation makes up 8.96 percent of mark's portfolio and is the company that engages in the ocean transportation of dry bulk cargos worldwide the company was incorporated in 2006 and is based in morosi greece but vessels primarily transport minerals from the americas in australia to east asia particularly china but also japan south korea taiwan indonesia and malaysia as mentioned the company mainly transports minerals but they also transport a range of major bulks including iron ores coal and grains as well as minor bulk such as bauxite fertilizers and steel products star bulk carrier corporation has a fleet of 116 vessels that carry a total capacity of more than 12 million deadweight tonnage consisting of newcastle max cape size post panamax cam sarmax panamax ultramax and supramax vessels in addition to shipping services the company also provides vessel management services the second largest position in the portfolio is ally financial inc which makes up 11.54 of the entire portfolio ally is a bank holding company organized in delaware and headquartered in detroit michigan which provides financial services including car finance online banking via a direct bank corporate lending vehicle insurance mortgage loans and an electronic trading platform to trade financial assets ally is actually one of the largest car finance companies in the us providing car financing and leasing for around 4.5 million customers and originating 1.4 million car loans annually the company is also on the list of largest banks in the united states by assets and has 2 million depositors while its electronic trading platform has approximately 350 000 funded accounts the company was founded by general motors in 1919 to provide financing to automotive customers and until it rebranded itself in 2010 ally was known as gmac which is an acronym for general motors acceptance corporation currently making up twelve point eight four percent of howard mark's oak tree portfolio the biggest position is vistracore formerly known as vistra energy corp this is another holding company that was founded in 1882 and is based in irving texas bistro corp is an integrated retail electricity and power generation company and through its subsidiaries it is engaged in electricity market activities including electricity generation wholesale energy sales and purchases commodity risk management retail sales of electricity to end users fuel production and fuel logistics management activities the company brings electricity and natural gas to approximately 4.6 million residential commercial and industrial customers across 20 states in the u.s according to its website fisticore is the largest competitive power generator in the u.s with a capacity of approximately 39 000 megawatts powered by a diverse portfolio including natural gas nuclear solar and battery energy storage facilities as you can see howard mark's oak tree capital management has a pretty diverse portfolio with a lot of smaller positions in the top 10 positions making up less than 70 percent of his entire portfolio as opposed to some of the other big investors such as bill gates or carl icken for example who have around 95 of their fortune invested in just 10 companies however a good deal of oak tree capital management 69 positions is in utilities and financial sectors and together with the investments in the technology services and industrial sectors they make up around 85 percent of the entire portfolio you
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