Howard Marks's VALE Position Overview
Howard Marks (via Oaktree Capital Management Lp) currently holds 2.03 M shares of Vale S.A. (VALE) worth $22.09 M, representing 0.34% of the portfolio. First purchased in 2012-Q1, this long-term strategic position has been held for 55 quarters.
Based on 13F filings since 2013, Howard Marks has maintained a long-term strategic position in VALE, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2017, adding 7.7 M shares. Largest reduction occurred in Q1 2018, reducing 5.98 M shares.
Analysis based on 13F filings available since 2013 Q2
Howard Marks's Vale (VALE) Holding Value Over Time
Track share changes against reported price movement
Quarterly Vale (VALE) Trades by Howard Marks
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2012 | +525,755 | Add 0.00% | 525,754 | $23.33 |
| Q2 2012 | +404,795 | Add 76.99% | 930,549 | $20.10 |
| Q3 2012 | -377,722 | Reduce 40.59% | 552,827 | $17.90 |
| Q4 2012 | -92,471 | Reduce 16.73% | 460,356 | $20.96 |
| Q2 2013 | -460,356 | Sold Out | 460,356 | $0.00 |
| Q4 2015 | +320,300 | New Buy | 320,300 | $3.29 |
| Q2 2016 | +226,700 | Add 70.78% | 547,000 | $5.06 |
| Q3 2016 | +700,000 | Add 127.97% | 1.25 M | $5.50 |
| Q2 2017 | +90,000 | Add 7.22% | 1.34 M | $8.75 |
| Q3 2017 | +7.7 M | Add 575.99% | 9.04 M | $10.07 |
| Q4 2017 | +373,403 | Add 4.13% | 9.41 M | $12.23 |
| Q1 2018 | -5.98 M | Reduce 63.53% | 3.43 M | $12.72 |
| Q2 2018 | -950,721 | Reduce 27.70% | 2.48 M | $12.82 |
| Q3 2018 | +820,722 | Add 33.07% | 3.3 M | $14.84 |
| Q4 2018 | -285,756 | Reduce 8.65% | 3.02 M | $13.19 |
| Q1 2019 | -3.02 M | Sold Out | 3.02 M | $0.00 |
| Q3 2020 | +4.35 M | New Buy | 4.35 M | $10.58 |
| Q4 2020 | +2.4 M | Add 55.21% | 6.76 M | $16.76 |
| Q1 2021 | -388,839 | Reduce 5.75% | 6.37 M | $17.38 |
| Q2 2021 | -122,581 | Reduce 1.92% | 6.25 M | $22.81 |
| Q3 2021 | -262,786 | Reduce 4.21% | 5.98 M | $13.95 |
| Q4 2021 | +1.69 M | Add 28.17% | 7.67 M | $14.02 |
| Q1 2022 | +128,804 | Add 1.68% | 7.8 M | $19.99 |
| Q2 2022 | -53,080 | Reduce 0.68% | 7.74 M | $14.63 |
| Q3 2022 | +998,653 | Add 12.90% | 8.74 M | $13.32 |
| Q4 2022 | -693,720 | Reduce 7.94% | 8.05 M | $16.97 |
| Q1 2023 | +324,168 | Add 4.03% | 8.37 M | $15.78 |
| Q2 2023 | -589,885 | Reduce 7.05% | 7.78 M | $13.42 |
| Q3 2023 | +911,385 | Add 11.71% | 8.69 M | $13.40 |
| Q4 2023 | +705,520 | Add 8.11% | 9.4 M | $15.86 |
| Q1 2024 | +2.12 M | Add 22.52% | 11.52 M | $12.19 |
| Q2 2024 | +1.24 M | Add 10.73% | 12.75 M | $11.17 |
| Q3 2024 | -4.55 M | Reduce 35.68% | 8.2 M | $11.68 |
| Q4 2024 | -1.01 M | Reduce 12.33% | 7.19 M | $8.87 |
| Q1 2025 | -1.18 M | Reduce 16.37% | 6.01 M | $9.98 |
| Q2 2025 | -3.98 M | Reduce 66.19% | 2.03 M | $9.71 |
Howard Marks's Vale Investment FAQs
Howard Marks first purchased Vale S.A. (VALE) in Q1 2012, acquiring 525,754 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Howard Marks has held Vale S.A. (VALE) for 55 quarters since Q1 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Howard Marks's largest addition to Vale S.A. (VALE) was in Q3 2017, adding 9,037,993 shares worth $91.01 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Howard Marks's firm, Oaktree Capital Management Lp, owns 2,033,706 shares of Vale S.A. (VALE), valued at approximately $22.09 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Vale S.A. (VALE) represents approximately 0.34% of Howard Marks's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Howard Marks's peak holding in Vale S.A. (VALE) was 12,753,203 shares, as reported at the end of Q2 2024. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.