Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Howard Marks, Oaktree Capital Finally Tell Us How Much of NewPage They Own: 15.8%

Oaktree Capital, NewPage Holdings: In a passive filing just released, Howard Marks‘s Oaktree Capital Management just disclosed a 15.8% stake in the privately-held NewPage Holdings. The papermaker filed for bankruptcy at the end of last year and Marks has been fighting for a controlling position ever since.

It’s worth mentioning that Marks and Oaktree have held first lien notes from NewPage for more than a decade now, but today’s SEC filing marks the first time we’ve gotten a look at exactly how much stock Oaktree owns since the company became a 1934 act reporting entity this past summer.


NewPage filed for Chapter 11 bankruptcy at the end of last year and went through a process of financial restructuring. In the second quarter of this year, NewPage reported a net loss of $13 million, versus $84 million in the same period of 2012. The net sales of the company amounted to $720 million, slightly less than in the same period of last year.

Disclosure: none

Recommended Reading:

Buffett’s Favorite Metric Shows the Stock Market is Not Cheap

Sabby Management Joins Alpha Capital Anstalt in DARA Biosciences With 8.3% Stake

It’s Hard to Blame Carl Icahn on Netflix

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!