Marathon Capital Management

13F filer · CIK 0001213206

Reported Jul 22, 2026

Net seller this quarter

13F portfolio value$494MU.S. long equity reported on 13F

Positions17020 new · 9 closed

Net flow last quarter-$14.5MBuys minus sells

Top 10 positions weight36.5%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 22, 2026170 positions
TROWPrice T Rowe Group Inc	$66M	13.36%	0.27%	-9.1%	Q2 2013
GLWCorning Inc	$23.7M	4.81%	0.01%	-11.6%	Q2 2013
GOOGAlphabet Inc.	$14.6M	2.96%	Not reported	-2.0%	Q4 2015
AMZNAmazon Com Inc	$13.5M	2.73%	0.00%	+1.7%	Q4 2017
AAPLApple Inc.	$12.3M	2.50%	0.00%	-12.9%	Q2 2013
AZNAstrazeneca PLC	$12.3M	2.49%	Not reported	-0.6%	Q4 2023
TTITetra Technologies Inc	$10.9M	2.21%	0.65%	-1.7%	Q1 2019
ZSZscaler, Inc.	$9.34M	1.89%	0.04%	-0.3%	Q3 2021
MSFTMicrosoft Corp	$8.91M	1.80%	0.00%	+5.1%	Q2 2013
IBMInternational Business Machines Corp	$8.76M	1.77%	0.00%	+0.7%	Q2 2013
METMetlife Inc	$8.66M	1.75%	0.02%	-0.5%	Q1 2018
CECOCeco Environmental Corp	$8.66M	1.75%	0.16%	-3.0%	Q2 2021
ALMAlmonty Industries Inc.	$8.65M	1.75%	0.20%	-1.3%	Q3 2025
ALSNAllison Transmission Holdings Inc	$8.15M	1.65%	0.09%	+0.1%	Q1 2021
FANGDiamondback Energy, Inc.	$7.76M	1.57%	0.02%	-7.9%	Q4 2019
JPMJPMorgan Chase & Co	$6.93M	1.40%	0.00%	+0.3%	Q4 2019
CVXChevron Corp	$6.92M	1.40%	0.00%	-15.3%	Q2 2013
ORealty Income Corp	$6.91M	1.40%	0.01%	-0.7%	Q3 2023
BLDRBuilders FirstSource, Inc.	$6.65M	1.35%	0.07%	+25.9%	Q2 2025
ACAArcosa, Inc.	$6.56M	1.33%	0.09%	-0.3%	Q3 2019
FISFidelity National Information Services, Inc.	$6.48M	1.31%	0.03%	+6.9%	Q1 2023
WAYWaystar Holding Corp.	$6.47M	1.31%	0.16%	New	Q2 2026
JNJJohnson & Johnson	$6.38M	1.29%	0.00%	-0.7%	Q2 2013
ZTSZoetis Inc.	$6.01M	1.22%	0.02%	+133.2%	Q3 2021
ANIPAni Pharmaceuticals Inc	$5.96M	1.21%	0.32%	-0.8%	Q3 2021
NPKINPK International Inc.	$5.47M	1.11%	0.41%	-0.6%	Q1 2024
QCOMQualcomm Inc	$5.19M	1.05%	0.00%	-53.4%	Q2 2013
DHRDanaher Corp	$5.05M	1.02%	0.00%	+13.8%	Q4 2019
CEFSprott Physical Gold & Silver Trust	$4.83M	0.98%	0.06%	-0.3%	Q1 2023
BBarrick Mining Corp	$4.79M	0.97%	0.01%	+3.5%	Q2 2025
BRK.BBerkshire Hathaway Inc	$4.74M	0.96%	Not reported	-16.0%	Q2 2013
ZETAZeta Global Holdings Corp.	$4.72M	0.96%	Not reported	+3.4%	Q1 2023
DOCHealthpeak Properties, Inc.	$4.47M	0.90%	0.03%	-15.1%	Q2 2025
ADMAAdma Biologics, Inc.	$4.46M	0.90%	0.24%	-15.2%	Q1 2025
WTWWillis Towers Watson PLC	$4.29M	0.87%	0.02%	-0.8%	Q3 2021
CBChubb Ltd	$4.1M	0.83%	0.00%	-2.8%	Q3 2023
GLDSPDR Gold Trust	$4.04M	0.82%	0.00%	+2.7%	Q1 2022
NVONovo Nordisk A S	$3.75M	0.76%	Not reported	-4.2%	Q3 2025
CPACopa Holdings, S.A.	$3.65M	0.74%	0.06%	-15.5%	Q1 2020
SYMSymbotic Inc.	$3.14M	0.64%	0.01%	+79.5%	Q1 2024
CALXCalix, Inc	$3.12M	0.63%	0.13%	+2.2%	Q3 2023
MUMicron Technology Inc	$3.11M	0.63%	0.00%	-45.3%	Q4 2017
MRKMerck & Co., Inc.	$3M	0.61%	0.00%	-1.4%	Q3 2016
LLYELI LILLY & Co	$2.99M	0.61%	0.00%	-2.1%	Q4 2019
GOOGLAlphabet Inc.	$2.98M	0.60%	0.00%	+15.3%	Q4 2018
ENPHEnphase Energy, Inc.	$2.81M	0.57%	0.04%	-0.4%	Q2 2015
MXLMaxlinear, Inc	$2.56M	0.52%	0.02%	-11.1%	Q3 2024
ATECAlphatec Holdings, Inc.	$2.42M	0.49%	0.18%	+6.8%	Q2 2024
AMDAdvanced Micro Devices Inc	$2.4M	0.49%	0.00%	-19.9%	Q2 2021
TRGPTarga Resources Corp.	$2.39M	0.48%	0.00%	-10.1%	Q2 2018

Q1 2026Reported May 14, 2026158 positions
TROWPrice T Rowe Group Inc	$57.6M	12.93%	0.29%	-2.2%	Q2 2013
GLWCorning Inc	$14.3M	3.21%	0.01%	-43.3%	Q2 2013
AZNAstrazeneca PLC	$12.9M	2.89%	Not reported	-17.4%	Q4 2023
AAPLApple Inc.	$12.4M	2.79%	0.00%	+0.4%	Q2 2013
GOOGAlphabet Inc.	$12.1M	2.72%	Not reported	-2.2%	Q4 2015
AMZNAmazon Com Inc	$11.6M	2.61%	0.00%	+84.2%	Q4 2017
CVXChevron Corp	$10.2M	2.29%	0.00%	-16.1%	Q2 2013
FANGDiamondback Energy, Inc.	$9.48M	2.13%	0.02%	-23.5%	Q4 2019
ZSZscaler, Inc.	$9.31M	2.09%	0.04%	Not reported	Q3 2021
ALSNAllison Transmission Holdings Inc	$8.46M	1.90%	0.09%	-3.0%	Q1 2021
MSFTMicrosoft Corp	$8.41M	1.89%	0.00%	-1.0%	Q2 2013
TTITetra Technologies Inc	$8.34M	1.87%	0.72%	-17.8%	Q1 2019
QCOMQualcomm Inc	$7.75M	1.74%	0.01%	+0.1%	Q2 2013
ALMAlmonty Industries Inc.	$7.66M	1.72%	0.20%	-10.8%	Q3 2025
IBMInternational Business Machines Corp	$7.5M	1.68%	0.00%	-2.2%	Q2 2013
FISFidelity National Information Services, Inc.	$7.31M	1.64%	0.03%	+75.4%	Q1 2023
METMetlife Inc	$7.28M	1.63%	0.02%	-0.7%	Q1 2018
ORealty Income Corp	$6.87M	1.54%	0.01%	-0.8%	Q3 2023
JPMJPMorgan Chase & Co	$6.21M	1.39%	0.00%	-0.4%	Q4 2019
JNJJohnson & Johnson	$6.18M	1.39%	0.00%	-3.4%	Q2 2013
CECOCeco Environmental Corp	$5.86M	1.32%	0.27%	-3.3%	Q2 2021
CEFSprott Physical Gold & Silver Trust	$5.74M	1.29%	0.06%	-3.8%	Q1 2023
ADMAAdma Biologics, Inc.	$5.65M	1.27%	0.27%	+34.8%	Q1 2025
ANIPAni Pharmaceuticals Inc	$5.58M	1.25%	0.32%	+4.2%	Q3 2021
BRK.BBerkshire Hathaway Inc	$5.41M	1.21%	Not reported	-0.3%	Q2 2013
BBarrick Mining Corp	$5.14M	1.15%	0.01%	-2.9%	Q2 2025
NPKINPK International Inc.	$5.02M	1.13%	0.41%	-3.2%	Q1 2024
BLDRBuilders FirstSource, Inc.	$4.86M	1.09%	0.05%	-0.3%	Q2 2025
WTWWillis Towers Watson PLC	$4.81M	1.08%	0.02%	-0.2%	Q3 2021
ACAArcosa, Inc.	$4.81M	1.08%	0.09%	-4.7%	Q3 2019
GLDSPDR Gold Trust	$4.59M	1.03%	0.00%	-3.0%	Q1 2022
DHRDanaher Corp	$4.42M	0.99%	0.00%	+1.1%	Q4 2019
ZTSZoetis Inc.	$4.24M	0.95%	0.01%	+2.0%	Q3 2021
CBChubb Ltd	$4.04M	0.91%	0.00%	-2.8%	Q3 2023
DOCHealthpeak Properties, Inc.	$4.04M	0.91%	0.04%	-0.8%	Q2 2025
CALXCalix, Inc	$4.01M	0.90%	0.13%	+1.5%	Q3 2023
ZETAZeta Global Holdings Corp.	$3.69M	0.83%	Not reported	+4.5%	Q1 2023
ADBEAdobe Inc.	$3.18M	0.71%	0.00%	+0.1%	Q3 2021
CPACopa Holdings, S.A.	$3.16M	0.71%	0.07%	-46.1%	Q1 2020
SLBSLB Limited	$3.09M	0.69%	0.00%	+2.4%	Q1 2019
NVONovo Nordisk A S	$3M	0.67%	Not reported	-1.4%	Q3 2025
ARCCAres Capital Corp	$2.98M	0.67%	0.02%	+0.2%	Q1 2020
MRKMerck & Co., Inc.	$2.85M	0.64%	0.00%	-29.7%	Q3 2016
ATECAlphatec Holdings, Inc.	$2.85M	0.64%	0.17%	+31.5%	Q2 2024
TRGPTarga Resources Corp.	$2.49M	0.56%	0.00%	-15.5%	Q2 2018
PGPROCTER & GAMBLE Co	$2.34M	0.53%	0.00%	-0.4%	Q2 2013
LLYELI LILLY & Co	$2.34M	0.53%	0.00%	-0.1%	Q4 2019
ENPHEnphase Energy, Inc.	$2.17M	0.49%	0.04%	+0.3%	Q2 2015
GOOGLAlphabet Inc.	$2.08M	0.47%	0.00%	-7.7%	Q4 2018
SYMSymbotic Inc.	$2.07M	0.46%	0.01%	-1.8%	Q1 2024

Q4 2025Reported Jan 29, 2026158 positions
TROWPrice T Rowe Group Inc	$66.9M	14.39%	0.30%	-4.6%	Q2 2013
GLWCorning Inc	$16.2M	3.49%	0.02%	-4.4%	Q2 2013
AZNAstrazeneca PLC	$14.5M	3.12%	Not reported	-2.0%	Q4 2023
GOOGAlphabet Inc.	$13.5M	2.91%	Not reported	-2.8%	Q4 2015
AAPLApple Inc.	$13.3M	2.86%	0.00%	-4.8%	Q2 2013
TTITetra Technologies Inc	$11.2M	2.40%	0.89%	-6.4%	Q1 2019
MSFTMicrosoft Corp	$11.1M	2.39%	0.00%	-2.3%	Q2 2013
QCOMQualcomm Inc	$10.3M	2.21%	0.01%	-0.2%	Q2 2013
FANGDiamondback Energy, Inc.	$9.42M	2.03%	0.02%	+1.8%	Q4 2019
IBMInternational Business Machines Corp	$9.37M	2.02%	0.00%	-0.1%	Q2 2013
CVXChevron Corp	$8.96M	1.93%	0.00%	-2.1%	Q2 2013
ADMAAdma Biologics, Inc.	$8.49M	1.83%	0.20%	-0.3%	Q1 2025
METMetlife Inc	$8.18M	1.76%	0.02%	-0.8%	Q1 2018
ALSNAllison Transmission Holdings Inc	$7.29M	1.57%	0.09%	-1.0%	Q1 2021
AMZNAmazon Com Inc	$6.98M	1.50%	0.00%	0.0%	Q4 2017
JPMJPMorgan Chase & Co	$6.83M	1.47%	0.00%	-0.2%	Q4 2019
ORealty Income Corp	$6.38M	1.37%	0.01%	-1.0%	Q3 2023
CPACopa Holdings, S.A.	$6.22M	1.34%	0.13%	-27.8%	Q1 2020
BLDRBuilders FirstSource, Inc.	$6.09M	1.31%	0.05%	+1.9%	Q2 2025
CECOCeco Environmental Corp	$6.09M	1.31%	0.29%	0.0%	Q2 2021
FISFidelity National Information Services, Inc.	$5.91M	1.27%	0.02%	-1.9%	Q1 2023
CEFSprott Physical Gold & Silver Trust	$5.73M	1.23%	0.07%	-0.9%	Q1 2023
BRK.BBerkshire Hathaway Inc	$5.69M	1.22%	Not reported	+0.5%	Q2 2013
BBarrick Mining Corp	$5.65M	1.22%	0.01%	-4.3%	Q2 2025
ANIPAni Pharmaceuticals Inc	$5.5M	1.18%	0.31%	-0.1%	Q3 2021
WTWWillis Towers Watson PLC	$5.45M	1.17%	0.02%	-0.5%	Q3 2021
JNJJohnson & Johnson	$5.42M	1.17%	0.00%	-8.9%	Q2 2013
DHRDanaher Corp	$5.27M	1.14%	0.00%	-1.7%	Q4 2019
ALMAlmonty Industries Inc.	$5.23M	1.13%	0.23%	+137.2%	Q3 2025
ACAArcosa, Inc.	$5.05M	1.09%	0.10%	+0.4%	Q3 2019
ADBEAdobe Inc.	$4.58M	0.99%	0.00%	+5.0%	Q3 2021
ZETAZeta Global Holdings Corp.	$4.52M	0.97%	Not reported	+1.5%	Q1 2023
ZTSZoetis Inc.	$4.42M	0.95%	0.01%	Not reported	Q3 2021
GLDSPDR Gold Trust	$4.35M	0.94%	0.00%	-3.2%	Q1 2022
CALXCalix, Inc	$4.27M	0.92%	0.12%	+0.5%	Q3 2023
NPKINPK International Inc.	$4.26M	0.92%	0.40%	-8.0%	Q1 2024
NVONovo Nordisk A S	$4.21M	0.91%	Not reported	+43.9%	Q3 2025
ATECAlphatec Holdings, Inc.	$4.18M	0.90%	0.13%	-1.0%	Q2 2024
DOCHealthpeak Properties, Inc.	$3.98M	0.86%	0.04%	-4.8%	Q2 2025
CBChubb Ltd	$3.98M	0.86%	0.00%	+1.1%	Q3 2023
MRKMerck & Co., Inc.	$3.54M	0.76%	0.00%	-1.4%	Q3 2016
ARCCAres Capital Corp	$3.33M	0.72%	0.02%	+4.5%	Q1 2020
PARPar Technology Corp	$2.79M	0.60%	0.19%	+13.7%	Q2 2025
LLYELI LILLY & Co	$2.74M	0.59%	0.00%	-1.4%	Q4 2019
GOOGLAlphabet Inc.	$2.45M	0.53%	0.00%	+7.6%	Q4 2018
MUMicron Technology Inc	$2.37M	0.51%	0.00%	-14.6%	Q4 2017
SYMSymbotic Inc.	$2.35M	0.51%	0.01%	+0.1%	Q1 2024
PGPROCTER & GAMBLE Co	$2.33M	0.50%	0.00%	-3.9%	Q2 2013
SLBSLB Limited	$2.25M	0.49%	0.00%	-56.4%	Q1 2019
TRGPTarga Resources Corp.	$2.17M	0.47%	0.01%	Not reported	Q2 2018

Q3 2025Reported Nov 14, 2025149 positions
TROWPrice T Rowe Group Inc	$70.3M	16.08%	0.31%	-3.3%	Q2 2013
GLWCorning Inc	$15.9M	3.64%	0.02%	-7.6%	Q2 2013
AAPLApple Inc.	$13.1M	2.99%	0.00%	-3.9%	Q2 2013
AZNAstrazeneca PLC	$12.3M	2.83%	Not reported	-1.5%	Q4 2023
MSFTMicrosoft Corp	$12.2M	2.78%	0.00%	-4.0%	Q2 2013
GOOGAlphabet Inc.	$10.8M	2.48%	Not reported	-0.7%	Q4 2015
QCOMQualcomm Inc	$10M	2.29%	0.01%	-0.8%	Q2 2013
CVXChevron Corp	$9.32M	2.13%	0.00%	-1.1%	Q2 2013
IBMInternational Business Machines Corp	$8.94M	2.05%	0.00%	-0.5%	Q2 2013
FANGDiamondback Energy, Inc.	$8.81M	2.02%	0.02%	+1.5%	Q4 2019
METMetlife Inc	$8.61M	1.97%	0.02%	-2.1%	Q1 2018
CPACopa Holdings, S.A.	$8.48M	1.94%	0.17%	-1.8%	Q1 2020
TTITetra Technologies Inc	$7.31M	1.67%	0.95%	-5.2%	Q1 2019
BLDRBuilders FirstSource, Inc.	$7.04M	1.61%	0.05%	+0.6%	Q2 2025
ORealty Income Corp	$6.95M	1.59%	0.01%	+4.5%	Q3 2023
ADMAAdma Biologics, Inc.	$6.84M	1.57%	0.20%	+64.5%	Q1 2025
JPMJPMorgan Chase & Co	$6.7M	1.53%	0.00%	-0.2%	Q4 2019
AMZNAmazon Com Inc	$6.65M	1.52%	0.00%	-0.4%	Q4 2017
ALSNAllison Transmission Holdings Inc	$6.38M	1.46%	0.09%	-0.4%	Q1 2021
ANIPAni Pharmaceuticals Inc	$6.38M	1.46%	0.33%	-3.2%	Q3 2021
FISFidelity National Information Services, Inc.	$5.97M	1.37%	0.02%	0.0%	Q1 2023
WTWWillis Towers Watson PLC	$5.76M	1.32%	0.02%	-1.5%	Q3 2021
BRK.BBerkshire Hathaway Inc	$5.66M	1.30%	Not reported	-0.7%	Q2 2013
JNJJohnson & Johnson	$5.33M	1.22%	0.00%	-1.6%	Q2 2013
CECOCeco Environmental Corp	$5.21M	1.19%	0.29%	-2.2%	Q2 2021
DOCHealthpeak Properties, Inc.	$4.98M	1.14%	0.04%	-1.4%	Q2 2025
CALXCalix, Inc	$4.92M	1.13%	0.12%	-17.0%	Q3 2023
DHRDanaher Corp	$4.65M	1.06%	0.00%	-0.1%	Q4 2019
SLBSLB Limited	$4.63M	1.06%	0.01%	+2.2%	Q1 2019
CEFSprott Physical Gold & Silver Trust	$4.63M	1.06%	0.06%	-4.4%	Q1 2023
BBarrick Mining Corp	$4.45M	1.02%	0.01%	-7.3%	Q2 2025
ACAArcosa, Inc.	$4.43M	1.01%	0.10%	-0.9%	Q3 2019
ADBEAdobe Inc.	$4.39M	1.01%	0.00%	Not reported	Q3 2021
NPKINPK International Inc.	$4.39M	1.01%	0.46%	-1.9%	Q1 2024
ZETAZeta Global Holdings Corp.	$4.34M	0.99%	Not reported	-1.8%	Q1 2023
GLDSPDR Gold Trust	$4.03M	0.92%	0.00%	-0.3%	Q1 2022
CBChubb Ltd	$3.56M	0.81%	0.00%	+17.3%	Q3 2023
ARCCAres Capital Corp	$3.22M	0.74%	0.02%	-2.2%	Q1 2020
NVONovo Nordisk A S	$3.19M	0.73%	Not reported	New	Q3 2025
ATECAlphatec Holdings, Inc.	$2.92M	0.67%	0.13%	-13.2%	Q2 2024
MRKMerck & Co., Inc.	$2.87M	0.66%	0.00%	-1.1%	Q3 2016
PARPar Technology Corp	$2.68M	0.61%	0.17%	+383.2%	Q2 2025
PGPROCTER & GAMBLE Co	$2.61M	0.60%	0.00%	+1.3%	Q2 2013
SYMSymbotic Inc.	$2.13M	0.49%	0.01%	-62.8%	Q1 2024
ENPHEnphase Energy, Inc.	$2.05M	0.47%	0.04%	+4.0%	Q2 2015
LLYELI LILLY & Co	$1.97M	0.45%	0.00%	+0.3%	Q4 2019
TRGPTarga Resources Corp.	$1.97M	0.45%	0.01%	-1.9%	Q2 2018
HDSNHudson Technologies Inc	$1.93M	0.44%	0.45%	-22.1%	Q2 2013
GOOGLAlphabet Inc.	$1.77M	0.41%	0.00%	-2.0%	Q4 2018
DARDarling Ingredients Inc.	$1.7M	0.39%	0.03%	-3.0%	Q3 2024

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