Howard Marks acquired 36.9M Garrett Motion shares worth $486M. That's 12.84% of their entire equity portfolio (2nd largest holding). The investor owns 18.57% of the outstanding Garrett Motion stock. The first Garrett Motion trade was made in Q3 2020. Since then Howard Marks bought shares two more times and sold shares on two occasions. The stake costed the investor $296M, netting the investor a gain of 64% so far.
Automotive tech provider Garrett Motion Inc (NASDAQ: GTX ) has entered into definitive agreements with shareholders Centerbridge Partners L.P. and Oaktree Ca...