Billionaire Howard Marks Continues to Hold Sizeable Stake
Billionaire Howard Marks’ 10 Stock Picks with Huge Upside Potential have been making waves in the investment world, and AngloGold Ashanti plc (NYSE:AU) is one of the companies that caught the attention of Oaktree Capital Management. This gold mining company has been featured in the fund’s 13F portfolio since the third quarter of 2023, with a stake of over 5.4 million shares at that time. Over the following quarters, Oaktree Capital Management continued to increase its position in AngloGold Ashanti, eventually owning over 6.3 million shares. However, recent filings for the fourth quarter of 2025 show that the fund has started to reduce its holdings, with 3.8 million shares owned.
AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. It explores for gold and by-products such as silver and sulphuric acid, with its flagship property being the Geita mine in Tanzania. The company has been praised for its rapid deleveraging, which saw it transition from $567 million in net debt at the end of 2024 to a $879 million net cash position by early 2026. With total liquidity now at $4.4 billion, including $2.9 billion in cash and equivalents, AngloGold is well-positioned for growth in 2026 following a record-breaking performance in 2025.
While AngloGold Ashanti plc (NYSE:AU) offers potential as an investment, some believe that certain AI stocks may provide greater upside potential with lower downside risk. For those looking for undervalued AI stocks that could benefit from current economic trends, exploring options beyond traditional mining companies like AngloGold Ashanti may be worth considering.
In conclusion, AngloGold Ashanti plc remains a noteworthy player in the gold mining industry, with a strong presence in key regions and a track record of financial success. However, investors should always consider diversifying their portfolios and exploring new opportunities for growth. Keeping an eye on emerging trends and industries, such as AI, could lead to exciting investment prospects in the future.
