Howard Marks: Latest Activist Positions

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As a new weekly feature here at The Acquirer’s Multiple, we’re going to take a look at the latest activist positions from some of our favorite superinvestors based on their latest 13D/13G filings. Activist investors like Warren Buffett, Carl Icahn, David Einhorn, Bill Ackman, Paul Singer, Howard Marks. John Paulson, Mario Gabelli, and Dan Loeb.

Difference Between 13D And 13G Filings

Schedule 13D is an SEC filing that must be submitted to the US Securities and Exchange Commission within 10 days by anyone who acquires beneficial ownership of more than 5% of any class of publicly traded securities in a public company. If the investor intends to influence management they are considered to be an activist investor and required to file a 13D. If the investor does not intend to influence management they are considered to be a passive investor and required to file a 13G.

This week we’ll take a look at Howard Marks. The current market value of his portfolio is $5,304,503,000. Take note of the filing type 13D (activist), 13G (passive). Also included is the current ownership stake in the target company.

Latest Activist Positions

Filing Date Filing Type Target Company Shares Owned Ownership %
02‑14-2020 13G/A BRRP / Berry Pete Corp 12,913,313 15.9
02‑14-2020 13G/A RSO / Resource Capital Corp. 3,124,298 9.8
02‑14-2020 13G/A NMIH / Nmi Holdings Inc 4,400,000 9.5
02‑14-2020 13G/A MX / MagnaChip Semiconductor Corp 3,170,729 9.2
02‑13-2020 13G/A VRSZ / Verso Corporation 199,951 0.6
02‑13-2020 13G/A CRK / Comstock Resources, Inc. Closed 0
01‑30-2020 13D/A FSC / Fifth Street Finance Corp. 19,930,860 14.1

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