13F-HR 1 q12008.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.)[ ] is a restatement [ ] adds new holdings entries Institutional Investments Manger Filing this Report: Name: Oaktree Asset Management, LLC Address: 30 Wall Street, Suite 1203 New York, N Y 10005 Form 13F File Number: 28-12731 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Milagros Kleiner Title: Chief Compliance Officer Phone: 212 1269-6700 Signature, Place, and Date of Signing: Milagros Kleiner New York, New York May 1,2008 Signature city/state date Report Type (Check Only One.): [X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 562 Form 13F Information Table Value Total: 201,822 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with reject to which this report is filed, other than the manager filing this report. None Name of Issuer Title Cusip Value Shr or Sh Put Invt Voting of Cl (000) Prn amt Prn Call Disc Sole Shared None 3M Co. Ju08 CALL 88579y901 180 20SH CALL Y 0 0 20 3M Company COM 88579Y101 639 8078SH Y 0 0 8078 Abbott Lab COM 002824100 2,688 48744SH Y 1750 0 46994 Acadian Mining Cor COM 004266910 13 19200SH Y 0 0 19200 Accenture Ltd COM G1150G111 18 500SH Y 0 0 500 Ace Ltd COM G0070L103 25 450SH Y 0 0 450 Adobe Systems COM 00724F101 164 4600SH Y 2300 0 2300 Advantage Energy Inc COM 00762L101 56 4900SH Y 0 0 4900 Aegon N.V. Ord COM 007924103 102 6990SH Y 0 0 6990 Aetna Inc. COM 00817Y108 1,089 25880SH Y 0 0 25880 Aflac Inc. COM 001055102 11 175SH Y 0 0 175 Agnico Eagle Mines COM 008474108 126 1860SH Y 0 0 1860 Air Prod & Chem COM 009158106 2,138 23236SH Y 900 0 22336 Akamai Techn COM 00971T101 28 1000SH Y 1000 0 0 Alaska Commun Sys COM 01167P101 2 200SH Y 0 0 200 Alcoa Inc. COM 222491060 54 1500SH Y 1200 0 300 Alexandria R E Eqty COM 015271109 22 236SH Y 0 0 236 Allegheny Energy COM 173611062 10 200SH Y 200 0 0 AllianceBrstein Hld COM 01881G106 203 3200SH Y 0 0 3200 Allied Cap Corp COM 01903Q108 61 3300SH Y 0 0 3300 Altair Nanotech Inc COM 021373105 11 4000SH Y 0 0 4000 Altria Group Inc COM 718154107 1,666 75065SH Y 1500 0 73565 AMB Property COM 00163T109 356 6550SH Y 0 0 6550 America Movil SA COM 02364W105 2,786 43750SH Y 0 0 43750 Amer Cap Strategies COM 024937104 688 20150SH Y 0 0 20150 Amer Elec Power Co COM 255371015 187 4500SH Y 600 0 3900 American Express COM 258161090 551 12600SH Y 900 0 11700 Am Ex Ju08 CALL 25816909 70 14SH CALL Y 0 0 14 Amer Finl Grp Inc COM 025932104 77 3000SH Y 0 0 3000 American Intl Group COM 026874107 290 6697SH Y 600 0 6097 Amerigo Resources COM 03074G109 7 3200SH Y 0 0 3200 Ameriprise Fin Inc CALL 03076c906 30 5SH CALL Y 0 0 5 Ameriprise Finl Inc COM 03076C106 804 15500SH Y 180 0 15320 Amgen Inc COM 031162100 82 1970SH Y 1500 0 470 Anadarko Petro Corp COM 032511107 170 2700SH Y 0 0 2700 Anglo Amern PLC ADR 03485P201 21 691SH Y 0 0 691 Anglogold LTD ADR 035128206 10 300SH Y 0 0 300 Anheuser Busch Co COM 352291033 792 16697SH Y 2400 0 14297 Annaly Mtg Mgmt Inc COM 035710409 5 300SH Y 0 0 300 Apache Corp. COM 374111052 205 1700SH Y 1300 0 400 Apex Silver Mines COM G04074103 7 600SH Y 600 0 0 Apple Inc COM 037833100 5,660 39445SH Y 0 0 39445 Apple Inc Ju08 CALL 037839900 510 30SH CALL Y 0 0 30 Applied Matials Inc COM 038222105 46 2340SH Y 0 0 2340 Arkema COM 041232109 4 75SH Y 0 0 75 AT&T Inc COM 00206R102 466 12156SH Y 300 0 11856 Augusta Reso Cor COM 00206R102 6 1500SH Y 0 0 1500 Autodesk Inc. COM 052769106 22 700SH Y 0 0 700 Autom Data Proc COM 053015103 1,910 45046SH Y 3800 0 41246 Avon Products COM 543031025 4 100SH Y 0 0 100 Baidu Com Ap08 CALL 56752908 300 10SH CALL Y 0 0 10 Baidu Com Inc. ADR 056752108 1,809 7550SH Y 0 0 7550 Baker Hughes Ap08 CALL 57224907 75 10SH CALL Y 0 0 10 Baker Hughes Inc COM 057224107 69 1000SH Y 0 0 1000 Ballard Power Sys COM 05858H104 6 1500SH Y 0 0 1500 Ban Bilbao Vizcaya COM 05946k101 69 3150SH Y 0 0 3150 Bank of Amer Cor COM 605051044 2,067 54514SH Y 150 0 54364 Barr Laboratories COM 683061097 12 250SH Y 0 0 250 Baxter Intl COM 718131097 470 8130SH Y 0 0 8130 Baytex Energy Tr COM 073176109 449 20275SH Y 0 0 20275 Becton Dickinson COM 758871099 498 5800SH Y 0 0 5800 Berkshire Hatha Inc COM 084670207 152 34SH Y 0 0 34 Berkshire Hatha A COM 084670108 133 1SH Y 0 0 1 Best Buy COM 865161012 25 600SH Y 600 0 0 BF Goodrich COM 382388106 17 300SH Y 0 0 300 BHP Billiton Ltd COM 886061084 2,304 34985SH Y 0 0 34985 Bill Barrett Corp COM 06846n104 19 400SH Y 0 0 400 BJ Services COM 055482103 44 1560SH Y 0 0 1560 Black Decker Cor COM 091797100 46 700SH Y 0 0 700 Blkrock Dvd Achiever COM 09250N107 23 2000SH Y 0 0 2000 Blackrock Pfd Income PFD 09255H105 27 1800SH Y 0 0 1800 BMC Software COM 055921100 13 400SH Y 0 0 400 Boeing Co. 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COM 138006309 271 5850SH Y 0 0 5850 Capital Trust COM 14052H506 3 100SH Y 0 0 100 Capital One Financial COM 14040H105 47 945SH Y 625 0 320 CapitalSource COM 14055X102 24 2500SH Y 0 0 2500 Cardinal Health COM 14149Y108 258 4905SH Y 0 0 4905 Cardiovasc Biotherapeu COM 141607101 1 1050SH Y 0 0 1050 Caterpillar Inc. 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