Market
Memos from Howard Marks: Is it a Bubble?Portfolio
As of 12/31/2025
Characteristics
Top Holdings Concentration
|
Nomura Resecuritization Trust 2014-1R
1%
|
|
DISH Network Corp
1%
|
|
Plains All American Pipeline LP
1%
|
|
PG&E Corp
1%
|
|
CSC Holdings LLC
1%
|
|
Hilton USA Trust 2016-HHV
1%
|
|
EchoStar Corp
1%
|
|
Enbridge Inc
1%
|
|
Energy Transfer LP
1%
|
|
CCO Holdings LLC / CCO Holdings Capital Corp
1%
|
Assets by Sector
The top holdings will vary over time. There is no guarantee that the Fund currently holds any of the securities listed. The information above is based on the total assets of the Fund. The holdings listed should not be considered recommendations to purchase or sell a particular security.
Sector and country allocations and asset classes determined by the Adviser are expressed as a percentage of total investments (by market value) and will vary over time.
Cash and Other includes available cash and other receivables and payables of the Fund.