Howard Marks Cuts TORM PLC Stake by 34.9%, Sells 14.16M Shares
Howard Marks reduced his TORM PLC stake by 34.88%, selling 14,156,061 shares at an average price of $21.11 per share. The sale trimmed -5.56% from Oaktree’s portfolio, following TORM PLC’s 15.6% three-month and 31.3% year-to-date gains.
1. Stake Reduction Details
Howard Marks trimmed his TORM PLC position by 14,156,061 shares, representing a 34.88% cut at an average price of $21.11 per share. The divestiture reduced Oaktree’s overall portfolio weight by 5.56%, reflecting a strategic rebalancing in the fourth quarter of 2025.
2. Recent Performance
TORM PLC shares have appreciated 15.60% over the past three months and 31.31% year-to-date, potentially influencing the timing and scale of the reduction. The sale may increase free float and affect short-term liquidity, with investors evaluating whether this signals changing institutional sentiment.