Howard Marks's VALE Position Overview
Howard Marks (via Oaktree Capital Management Lp) currently holds 2.02 M shares of Vale S.A. (VALE) worth $26.37 M, representing 0.38% of the portfolio. First purchased in 2012-Q1, this long-term strategic position has been held for 42 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -10,000 | Reduce 0.49% | 2.02 M | $13.03 |
| Q2 2025 | -3.98 M | Reduce 66.19% | 2.03 M | $9.71 |
| Q1 2025 | -1.18 M | Reduce 16.37% | 6.01 M | $9.98 |
| Q4 2024 | -1.01 M | Reduce 12.33% | 7.19 M | $8.87 |
| Q3 2024 | -4.55 M | Reduce 35.68% | 8.2 M | $11.68 |
| Q2 2024 | +1.24 M | Add 10.73% | 12.75 M | $11.17 |
| Q1 2024 | +2.12 M | Add 22.52% | 11.52 M | $12.19 |
| Q4 2023 | +705,520 | Add 8.11% | 9.4 M | $15.86 |
| Q3 2023 | +911,385 | Add 11.71% | 8.69 M | $13.40 |
| Q2 2023 | -589,885 | Reduce 7.05% | 7.78 M | $13.42 |
| Q1 2023 | +324,168 | Add 4.03% | 8.37 M | $15.78 |
| Q4 2022 | -693,720 | Reduce 7.94% | 8.05 M | $16.97 |
| Q3 2022 | +998,653 | Add 12.90% | 8.74 M | $13.32 |
| Q2 2022 | -53,080 | Reduce 0.68% | 7.74 M | $14.63 |
| Q1 2022 | +128,804 | Add 1.68% | 7.8 M | $19.99 |
| Q4 2021 | +1.69 M | Add 28.17% | 7.67 M | $14.02 |
| Q3 2021 | -262,786 | Reduce 4.21% | 5.98 M | $13.95 |
| Q2 2021 | -122,581 | Reduce 1.92% | 6.25 M | $22.81 |
| Q1 2021 | -388,839 | Reduce 5.75% | 6.37 M | $17.38 |
| Q4 2020 | +2.4 M | Add 55.21% | 6.76 M | $16.76 |
| Q3 2020 | +4.35 M | New Buy | 4.35 M | $10.58 |
| Q1 2019 | -3.02 M | Sold Out | 0 | $0.00 |
| Q4 2018 | -285,756 | Reduce 8.65% | 3.02 M | $13.19 |
| Q3 2018 | +820,722 | Add 33.07% | 3.3 M | $14.84 |
| Q2 2018 | -950,721 | Reduce 27.70% | 2.48 M | $12.82 |
| Q1 2018 | -5.98 M | Reduce 63.53% | 3.43 M | $12.72 |
| Q4 2017 | +373,403 | Add 4.13% | 9.41 M | $12.23 |
| Q3 2017 | +7.7 M | Add 575.99% | 9.04 M | $10.07 |
| Q2 2017 | +90,000 | Add 7.22% | 1.34 M | $8.75 |
| Q3 2016 | +700,000 | Add 127.97% | 1.25 M | $5.50 |
| Q2 2016 | +226,700 | Add 70.78% | 547,000 | $5.06 |
| Q4 2015 | +320,300 | New Buy | 320,300 | $3.29 |
| Q2 2013 | -460,356 | Sold Out | 0 | $0.00 |
| Q4 2012 | -92,471 | Reduce 16.73% | 460,356 | $20.96 |
| Q3 2012 | -377,722 | Reduce 40.59% | 552,827 | $17.90 |
| Q2 2012 | +404,795 | Add 76.99% | 930,549 | $20.10 |
| Q1 2012 | +525,755 | Add 0.00% | 525,754 | $23.33 |
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 42 quarters since Q1 2012.
Howard Marks's largest addition to Vale S.A. (VALE) was in Q3 2017, adding 9,037,993 shares worth $91.01 M.
According to the latest 13F filing for Q4 2025, Howard Marks's firm, Oaktree Capital Management Lp, owns 2,023,706 shares of Vale S.A. (VALE), valued at approximately $26.37 M.
As of the Q4 2025 filing, Vale S.A. (VALE) represents approximately 0.38% of Howard Marks's publicly disclosed stock portfolio, making it one of their key holdings.
Howard Marks's peak holding in Vale S.A. (VALE) was 12,753,203 shares, as reported at the end of Q2 2024.