← Holdings

Marathon

Marathon Asset Management LtdData: SEC EDGAR 13F · Filed 2026-04-24 · 13F filings are quarterly snapshots disclosed up to 45 days late; current positions may differ — not a real-time trading signal.
Period
2026 Q1
Total value
$2.6B
AUM QoQ +0.3%
Positions
74 positions
Filing date
2026-04-24
Letters & ResearchFull archive (24) →
2026-06-30Passive’s Massive AI Gamble (June 2026)This report argues that passive investing (like index funds) isn't neutral—it actually pushes up prices of the biggest stocks, especially tech giants, because index funds must buy them in proportion t…2026-06-30DeepSequel (June 2026)This report shows how Chinese companies are copying or beating global giants at a fraction of the cost—DeepSeek's AI model costs 90% less, and Chery's hybrid SUV sells for half the price of a Land Rov…2026-05-29AI and the Material World (May 2026)This report warns that AI-related investments now make up over 40% of U.S. economic growth, while other sectors are shrinking. Meanwhile, emerging market stock indexes are heavily dominated by a few c…2026-05-29AI Disruptees (May 2026)This report argues that fears about AI destroying data-focused companies (like credit bureaus or legal information providers) are overblown. In fact, AI may make their data more valuable, since AI nee…2026-03-31Aircraft Leasing Lift-Off (March 2026)This report explains a plane shortage. Since 2018, Boeing and Airbus have cut production by about 30% due to accidents and the pandemic, but air travel keeps growing. This shortage is expected to last…2026-03-31Masters of the Air (March 2026)This report argues that in European aerospace, the real winners aren't plane makers like Airbus or Boeing, but engine makers like Rolls-Royce and Safran. With aircraft orders backlogged into the 2030s…
Year
Quarter
1 new positions · 55 adds · 10 trims · biggest add ORCL +87.13%
#CompanyPeriod priceTodayValueWeight %Shares (QoQ)Change %
1
Cnh Indl N V
CNHI
$11
$128M
4.92%
11.66M
11.92M
-2.12%
-253K sh
2
Amazon Com Inc
AMZN
$208.53
$115M
4.42%
553K
507K
+9.09%
+46K sh
3
Alphabet Inc
GOOGL
$287.56
$106M
4.06%
368K
345K
+6.7%
+23K sh
4
Coca-cola Europacific Partne
CCEP
$90.67
$101M
3.86%
1.11M
1.13M
-1.55%
-17K sh
5
Southern Copper Corp
SCCO
$172.06
$86M
3.29%
499K
647K
-22.92%
-148K sh
6
Millicom Intl Cellular S A
TIGO
$74.94
$83M
3.18%
1.11M
1.10M
+0.57%
+6K sh
7
Brookfield Corp
BN
$40.39
$79M
3.03%
1.96M
1.96M
8
Elevance Health Inc Formerly
ANTM
$292.77
$79M
3.01%
268K
247K
+8.74%
+22K sh
9
Canadian Nat Res Ltd Med Ter
CNQ
$49.06
$78M
3%
1.60M
1.60M
10
Bank Nova Scotia B C
BNS
$69.14
$75M
2.89%
1.09M
1.09M
11
Microsoft Corp
MSFT
$370.17
$73M
2.8%
197K
170K
+16.03%
+27K sh
12
Franco Nev Corp
FNV
$246.76
$71M
2.72%
288K
289K
13
Nvidia Corporation
NVDA
$174.4
$62M
2.39%
357K
311K
+14.85%
+46K sh
14
Meta Platforms Inc
META
$572.12
$59M
2.28%
104K
96K
+8.08%
+8K sh
15
Cemex Sa Euro Mtn Be 144a
CXMSF
$11.44
$53M
2.03%
4.62M
4.97M
-6.97%
-346K sh
16
Laureate Ed Inc
LAUR
$34.84
$52M
2%
1.50M
1.51M
-0.78%
-12K sh
17
Copa Holdings Sa
CPA
$113.61
$48M
1.85%
424K
410K
+3.56%
+15K sh
18
Markel Group Inc
MKL
$1913.96
$48M
1.83%
25K
23K
+8.33%
+2K sh
19
Visa Inc
V
$302.23
$46M
1.78%
153K
129K
+18.6%
+24K sh
20
Vipshop Hldgs Ltd
VIPS
$15.72
$46M
1.76%
2.93M
2.94M
-0.58%
-17K sh
21
Thermo Fisher Scientific Inc
TMO
$491.95
$46M
1.76%
93K
86K
+9.21%
+8K sh
22
Micron Technology Inc
MU
$337.97
$46M
1.75%
135K
184K
-26.59%
-49K sh
23
Canadian Pacific Kansas City
CP
$78.6
$41M
1.59%
527K
529K
24
Gildan Activewear Inc
GIL
$55.74
$41M
1.59%
742K
745K
25
Oracle Corp
ORCL
$147.11
$40M
1.53%
271K
145K
+87.13%
+126K sh
26
Transunion
TRU
$69.19
$39M
1.51%
569K
528K
+7.87%
+42K sh
27
Interactive Brokers Group In
IBKR
$67.07
$36M
1.4%
543K
477K
+13.74%
+66K sh
28
Mastercard Incorporated
MA
$500.45
$36M
1.4%
73K
67K
+7.83%
+5K sh
29
Cme Group Inc
CME
$295.34
$35M
1.36%
120K
106K
+13.68%
+14K sh
30
Progressive Corp
PGR
$198.24
$35M
1.33%
175K
154K
+13.71%
+21K sh
31
S&p Global Inc
SPGI
$425.34
$33M
1.28%
78K
59K
+32.64%
+19K sh
32
Align Technology Inc
ALGN
$171.43
$33M
1.26%
192K
177K
+8.56%
+15K sh
33
Fiserv Inc
FI
$55.8
$33M
1.25%
586K
477K
+22.84%
+109K sh
34
Openlane Inc
OPLN
$29.15
$32M
1.23%
1.10M
974K
+13.43%
+131K sh
35
Ats Corporation
ATS
$28.1
$31M
1.18%
1.09M
1.10M
36
Paycom Software Inc
PAYC
$121.54
$27M
1.04%
223K
205K
+8.84%
+18K sh
37
Autodesk Inc
ADSK
$239.4
$25M
0.95%
104K
91K
+13.69%
+12K sh
38
Hdfc Bank Ltd
HDB
$24.88
$23M
0.9%
943K
973K
-3.09%
-30K sh
39
Iqvia Hldgs Inc
IQV
$170.53
$22M
0.84%
129K
119K
+8.79%
+10K sh
40
Champion Homes Inc
SKY
$74.38
$22M
0.83%
290K
New
41
Royalty Pharma Plc
RPRX
$47.97
$21M
0.81%
441K
388K
+13.58%
+53K sh
42
Tjx Cos Inc New
TJX
$159.7
$21M
0.8%
130K
114K
+13.73%
+16K sh
43
Envista Holdings Corporation
NVST
$25.37
$18M
0.7%
723K
637K
+13.44%
+86K sh
44
Taiwan Semiconductor Manufac
TSM
$338.57
$18M
0.69%
53K
44K
+22.31%
+10K sh
45
Healthcare Svcs Group Inc
HCSG
$18.55
$18M
0.69%
971K
856K
+13.43%
+115K sh
46
C H Robinson Worldwide In
CHRW
$166.56
$18M
0.68%
106K
93K
+13.42%
+13K sh
47
Newmont Corp
NEMCL
$108.25
$17M
0.67%
161K
159K
+0.98%
+2K sh
48
Teleflex Incorporated
TFX
$119.6
$17M
0.66%
144K
103K
+39.71%
+41K sh
49
Baker Hughes Company
BKR
$61.05
$17M
0.64%
275K
242K
+13.48%
+33K sh
50
Freeport Mcmoran Inc
FCX
$58.78
$17M
0.64%
283K
239K
+18.53%
+44K sh
51
Wesco Intl Inc
WCC
$273.63
$16M
0.62%
59K
52K
+13.42%
+7K sh
52
Dollar Tree Inc
DLTR
$109.51
$16M
0.62%
148K
131K
+13.5%
+18K sh
53
Archer Daniels Midland Co
ADM
$72.69
$16M
0.62%
223K
196K
+13.48%
+26K sh
54
Sealed Air Corp New
SEE
$42.05
$16M
0.61%
376K
331K
+13.43%
+45K sh
55
Vail Resorts Inc
VRTX
$130.11
$15M
0.59%
117K
87K
+34.19%
+30K sh
56
Bio Rad Labs Inc
BIO-B
$278.73
$15M
0.57%
54K
47K
+13.47%
+6K sh
57
Brookfield Asset Managmt Ltd
BAM
$44.32
$14M
0.55%
325K
326K
58
Rogers Corp
ROG
$107.31
$14M
0.55%
134K
118K
+13.56%
+16K sh
59
Schein Henry Inc
HSIC
$73.7
$13M
0.5%
178K
157K
+13.44%
+21K sh
60
Air Lease Corp
AL
$65.11
$13M
0.5%
199K
175K
+13.55%
+24K sh
61
Coca Cola Cons Inc
COKE
$191.73
$13M
0.48%
66K
58K
+13.48%
+8K sh
62
Smurfit Westrock Plc
SW
$39.85
$12M
0.46%
303K
267K
+13.53%
+36K sh
63
Fti Consulting Inc
FCN
$176.77
$10M
0.4%
59K
52K
+13.48%
+7K sh
64
Wells Fargo & Co
WFC
$79.61
$9M
0.35%
113K
100K
+13.42%
+13K sh
65
Teradata Corp Del
TDC
$25.63
$9M
0.34%
348K
306K
+13.56%
+42K sh
66
Vontier Corporation
VNT
$35.47
$8M
0.32%
235K
207K
+13.42%
+28K sh
67
Weyerhaeuser Co
WY
$24.43
$8M
0.31%
329K
281K
+17.3%
+49K sh
68
Axalta Coating Sys Ltd
AXTA
$27.7
$8M
0.31%
287K
253K
+13.42%
+34K sh
69
Willscot Hldgs Corp
WSC
$17.36
$8M
0.29%
437K
385K
+13.48%
+52K sh
70
Donnelley Finl Solutions Inc
DFIN
$47.13
$7M
0.28%
154K
136K
+13.42%
+18K sh
71
Barrick Mng Corp
GOLD
$40.79
$7M
0.27%
172K
145K
+18.5%
+27K sh
72
Masterbrand Inc
MBC
$8.31
$7M
0.27%
843K
743K
+13.46%
+100K sh
73
Inmode Ltd
INMD
$13.68
$2M
0.08%
155K
187K
-17.39%
-33K sh
74
Flutter Entmt Plc
FLUT
$101.95
$2M
0.06%
16K
23K
-32.86%
-8K sh