Marathon Asset Management Ltd
Net seller this quarter
$2.46B
74
-$453M
37.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 CNH | $126M | 5.13% | 0.91% | -3.6% | Q4 2023 |
 GOOGL | $108M | 4.39% | 0.00% | -17.9% | Q3 2021 |
 CCEP | $104M | 4.22% | 0.23% | -6.5% | Q3 2021 |
 AMZN | $102M | 4.14% | 0.00% | -22.6% | Q3 2024 |
 TIGO | $96.8M | 3.93% | 0.63% | -3.7% | Q3 2025 |
 ELV | $84.9M | 3.45% | 0.10% | -18.2% | Q4 2024 |
 SCCO | $83M | 3.37% | 0.06% | -5.4% | Q3 2021 |
 BNS | $82.6M | 3.36% | 0.08% | -12.7% | Q3 2021 |
 BN | $72.7M | 2.95% | Not reported | -12.8% | Q4 2022 |
 CPA | $64.5M | 2.62% | 1.01% | -2.3% | Q3 2022 |
 MU | $61.8M | 2.51% | 0.00% | -60.3% | Q4 2021 |
 MSFT | $59.6M | 2.42% | 0.00% | -18.9% | Q4 2021 |
 CNQ | $56.3M | 2.29% | 0.07% | -12.8% | Q3 2021 |
 NVDA | $56.1M | 2.28% | 0.00% | -21.5% | Q1 2025 |
 GIL | $54.5M | 2.21% | 0.57% | +42.4% | Q3 2021 |
 V | $54.2M | 2.20% | 0.01% | +3.0% | Q4 2021 |
 CX | $52.4M | 2.13% | 0.03% | -5.5% | Q1 2024 |
 FNV | $52.4M | 2.13% | 0.13% | -12.8% | Q3 2021 |
 LAUR | $51.1M | 2.08% | 1.02% | -6.0% | Q2 2024 |
 META | $48M | 1.95% | Not reported | -17.9% | Q3 2021 |
 TRU | $46.3M | 1.88% | 0.33% | +12.7% | Q2 2023 |
 CP | $39.9M | 1.62% | 0.05% | -12.8% | Q3 2021 |
 MKL | $39.9M | 1.62% | 0.16% | -18.0% | Q3 2021 |
 TMO | $38.2M | 1.55% | 0.02% | -18.5% | Q4 2021 |
 IBKR | $37.5M | 1.52% | 0.17% | -20.7% | Q2 2024 |
 TSM | $37.3M | 1.52% | 0.00% | +46.6% | Q3 2021 |
 VIPS | $36.6M | 1.49% | 0.25% | -5.7% | Q3 2021 |
 ORCL | $34.8M | 1.41% | 0.01% | -12.5% | Q3 2021 |
 MA | $30.8M | 1.25% | 0.00% | -17.7% | Q4 2021 |
 PGR | $30.4M | 1.23% | 0.02% | -20.8% | Q3 2021 |
 ATS | $27.5M | 1.12% | 0.97% | -12.8% | Q2 2025 |
 ALGN | $26.5M | 1.08% | 0.22% | -18.1% | Q3 2022 |
 SPGI | $26M | 1.06% | 0.02% | -18.5% | Q4 2021 |
 HDB | $24.5M | 0.99% | 0.01% | -0.9% | Q3 2021 |
 FISV | $23.5M | 0.95% | 0.09% | -18.3% | Q4 2021 |
 PAYC | $22.9M | 0.93% | 0.41% | -18.3% | Q3 2023 |
| SKY | $21M | 0.85% | 0.44% | -17.7% | Q1 2026 |
 CME | $21M | 0.85% | 0.03% | -20.8% | Q3 2021 |
 OPLN | $20.4M | 0.83% | 0.40% | -55.3% | Q4 2021 |
 IQV | $20.4M | 0.83% | 0.06% | -18.3% | Q4 2021 |
 HCSG | $18.7M | 0.76% | 1.12% | -21.8% | Q4 2021 |
 TFX | $18.4M | 0.75% | 0.33% | +1.1% | Q4 2021 |
 RPRX | $16M | 0.65% | 0.07% | -35.2% | Q4 2021 |
 ADSK | $16M | 0.65% | 0.04% | -20.8% | Q1 2022 |
 CHRW | $15.7M | 0.64% | 0.07% | -21.8% | Q3 2021 |
 TJX | $15.6M | 0.63% | 0.01% | -20.8% | Q3 2021 |
 SW | $14.9M | 0.61% | 0.06% | +6.4% | Q3 2025 |
 NVST | $14.9M | 0.61% | 0.35% | -21.8% | Q4 2023 |
 WSC | $14.1M | 0.57% | 0.27% | +11.6% | Q4 2024 |
 DLTR | $14M | 0.57% | 0.06% | -21.8% | Q4 2021 |
| Q1 2026 | |||||
| CNH | $128M | 4.92% | 0.94% | -2.1% | Q4 2023 |
| AMZN | $115M | 4.42% | 0.01% | +9.1% | Q3 2024 |
| GOOGL | $106M | 4.06% | 0.00% | +6.7% | Q3 2021 |
| CCEP | $101M | 3.86% | 0.25% | -1.6% | Q3 2021 |
| SCCO | $85.8M | 3.29% | 0.06% | -23.5% | Q3 2021 |
| TIGO | $83M | 3.18% | 0.66% | +0.6% | Q3 2025 |
| BN | $79M | 3.03% | Not reported | -0.4% | Q4 2022 |
| ELV | $78.6M | 3.01% | 0.12% | +8.7% | Q4 2024 |
| CNQ | $78.3M | 3.00% | 0.08% | -0.3% | Q3 2021 |
| BNS | $75.3M | 2.89% | 0.09% | -0.4% | Q3 2021 |
| MSFT | $72.9M | 2.80% | 0.00% | +16.0% | Q4 2021 |
| FNV | $71M | 2.72% | 0.15% | -0.4% | Q3 2021 |
| NVDA | $62.3M | 2.39% | 0.00% | +14.9% | Q1 2025 |
| META | $59.4M | 2.28% | Not reported | +8.1% | Q3 2021 |
| CX | $52.9M | 2.03% | 0.03% | -7.0% | Q1 2024 |
| LAUR | $52.1M | 2.00% | 1.07% | -0.8% | Q2 2024 |
| CPA | $48.2M | 1.85% | 1.03% | +3.6% | Q3 2022 |
| MKL | $47.7M | 1.83% | 0.20% | +8.3% | Q3 2021 |
| V | $46.3M | 1.78% | 0.01% | +18.6% | Q4 2021 |
| VIPS | $46M | 1.76% | 0.26% | -0.6% | Q3 2021 |
| TMO | $46M | 1.76% | 0.03% | +9.2% | Q4 2021 |
| MU | $45.6M | 1.75% | 0.01% | -26.6% | Q4 2021 |
| CP | $41.4M | 1.59% | 0.06% | -0.4% | Q3 2021 |
| GIL | $41.4M | 1.59% | 0.40% | -0.4% | Q3 2021 |
| ORCL | $39.9M | 1.53% | 0.01% | +87.1% | Q3 2021 |
| TRU | $39.4M | 1.51% | 0.30% | +7.9% | Q2 2023 |
| IBKR | $36.4M | 1.40% | 0.21% | +13.7% | Q2 2024 |
| MA | $36.4M | 1.40% | 0.01% | +7.8% | Q4 2021 |
| CME | $35.5M | 1.36% | 0.04% | +13.7% | Q3 2021 |
| PGR | $34.8M | 1.33% | 0.03% | +13.7% | Q3 2021 |
| SPGI | $33.3M | 1.28% | 0.03% | +32.6% | Q4 2021 |
| ALGN | $32.9M | 1.26% | 0.27% | +8.6% | Q3 2022 |
| FISV | $32.7M | 1.25% | 0.11% | +22.8% | Q4 2021 |
| OPLN | $32.2M | 1.23% | 1.04% | +13.4% | Q4 2021 |
| ATS | $30.7M | 1.18% | 1.12% | -0.4% | Q2 2025 |
| PAYC | $27.1M | 1.04% | 0.48% | +8.8% | Q3 2023 |
| ADSK | $24.8M | 0.95% | 0.05% | +13.7% | Q1 2022 |
| HDB | $23.5M | 0.90% | 0.01% | -3.1% | Q3 2021 |
| IQV | $22M | 0.84% | 0.08% | +8.8% | Q4 2021 |
| SKY | $21.6M | 0.83% | 0.52% | New | Q1 2026 |
| RPRX | $21.2M | 0.81% | 0.11% | +13.6% | Q4 2021 |
| TJX | $20.7M | 0.80% | 0.01% | +13.7% | Q3 2021 |
| NVST | $18.3M | 0.70% | 0.44% | +13.4% | Q4 2023 |
| TSM | $18M | 0.69% | 0.00% | +22.3% | Q3 2021 |
| HCSG | $18M | 0.69% | 1.41% | +13.4% | Q4 2021 |
| CHRW | $17.6M | 0.68% | 0.09% | +13.4% | Q3 2021 |
 NEM | $17.4M | 0.67% | 0.01% | +1.0% | Q4 2021 |
| TFX | $17.2M | 0.66% | 0.33% | +39.7% | Q4 2021 |
 BKR | $16.8M | 0.64% | 0.03% | +13.5% | Q4 2021 |
 FCX | $16.6M | 0.64% | 0.02% | +18.5% | Q4 2021 |
| Q4 2025 | |||||
| AMZN | $117M | 4.50% | 0.00% | -2.1% | Q3 2024 |
| CNH | $110M | 4.23% | 0.96% | -4.5% | Q4 2023 |
| GOOGL | $108M | 4.15% | 0.00% | -8.6% | Q3 2021 |
| CCEP | $102M | 3.93% | 0.25% | -3.3% | Q3 2021 |
| SCCO | $92.8M | 3.57% | 0.08% | -4.5% | Q3 2021 |
| BN | $90.2M | 3.47% | Not reported | -5.9% | Q4 2022 |
| ELV | $86.5M | 3.33% | 0.11% | -7.7% | Q4 2024 |
| MSFT | $82.1M | 3.16% | 0.00% | -8.1% | Q4 2021 |
| BNS | $80.8M | 3.11% | 0.09% | -5.9% | Q3 2021 |
| META | $63.4M | 2.44% | Not reported | -7.5% | Q3 2021 |
| TIGO | $61.1M | 2.35% | 0.65% | +11.8% | Q3 2025 |
| FNV | $59.9M | 2.31% | 0.15% | -5.9% | Q3 2021 |
| NVDA | $58M | 2.23% | 0.00% | -9.0% | Q1 2025 |
| CX | $57.1M | 2.20% | 0.03% | -5.2% | Q1 2024 |
| CNQ | $54.9M | 2.11% | 0.08% | -5.4% | Q3 2021 |
| MU | $52.4M | 2.02% | 0.02% | -32.6% | Q4 2021 |
| VIPS | $52.1M | 2.00% | 0.26% | -5.5% | Q3 2021 |
| LAUR | $50.8M | 1.95% | 1.06% | -1.2% | Q2 2024 |
| TMO | $49.6M | 1.91% | 0.02% | -7.8% | Q4 2021 |
| MKL | $49.4M | 1.90% | 0.18% | -7.6% | Q3 2021 |
| CPA | $49.4M | 1.90% | 1.00% | +9.3% | Q3 2022 |
| GIL | $46.6M | 1.79% | 0.40% | -5.9% | Q3 2021 |
| V | $45.3M | 1.74% | 0.01% | -7.5% | Q4 2021 |
| TRU | $45.3M | 1.74% | 0.27% | -7.5% | Q2 2023 |
 TME | $40.4M | 1.55% | 0.07% | -19.5% | Q1 2025 |
| CP | $39.1M | 1.50% | 0.06% | -5.9% | Q3 2021 |
| MA | $38.4M | 1.48% | 0.01% | -7.5% | Q4 2021 |
| HDB | $35.6M | 1.37% | 0.01% | +10.7% | Q3 2021 |
| PGR | $35.1M | 1.35% | 0.03% | +5.1% | Q3 2021 |
| PAYC | $32.7M | 1.26% | 0.37% | -7.8% | Q3 2023 |
| FISV | $32M | 1.23% | 0.09% | 0.0% | Q4 2021 |
| SPGI | $30.8M | 1.19% | 0.02% | +20.0% | Q4 2021 |
| IBKR | $30.7M | 1.18% | 0.19% | -9.0% | Q2 2024 |
| ATS | $30.3M | 1.16% | 1.13% | -5.9% | Q2 2025 |
| OPLN | $29M | 1.12% | 0.92% | -8.9% | Q4 2021 |
| CME | $28.9M | 1.11% | 0.03% | -9.1% | Q3 2021 |
| ORCL | $28.2M | 1.09% | 0.01% | -16.1% | Q3 2021 |
| ALGN | $27.6M | 1.06% | 0.25% | -7.7% | Q3 2022 |
| ADSK | $27M | 1.04% | 0.04% | -9.0% | Q1 2022 |
| IQV | $26.7M | 1.03% | 0.07% | -7.7% | Q4 2021 |
 BKNG | $22M | 0.85% | 0.01% | -7.6% | Q3 2021 |
| TJX | $17.5M | 0.67% | 0.01% | -8.9% | Q3 2021 |
| BAM | $17.1M | 0.66% | Not reported | -5.9% | Q3 2021 |
| HCSG | $16.4M | 0.63% | 1.23% | -8.9% | Q4 2021 |
| DLTR | $16.1M | 0.62% | 0.07% | -8.9% | Q4 2021 |
| NEM | $15.9M | 0.61% | 0.01% | -9.0% | Q4 2021 |
| CHRW | $15.1M | 0.58% | 0.08% | -8.9% | Q3 2021 |
| RPRX | $15M | 0.58% | 0.10% | -8.9% | Q4 2021 |
 BIO | $14.3M | 0.55% | 0.17% | -8.9% | Q1 2024 |
| NVST | $13.8M | 0.53% | 0.39% | -8.9% | Q4 2023 |
| Q3 2025 | |||||
| CNH | $135M | 4.98% | 1.00% | -4.4% | Q4 2023 |
| AMZN | $114M | 4.18% | 0.00% | -16.4% | Q3 2024 |
| CCEP | $105M | 3.88% | 0.25% | -1.3% | Q3 2021 |
| MSFT | $95.7M | 3.52% | 0.00% | -19.6% | Q4 2021 |
| BN | $95.4M | 3.51% | Not reported | -5.6% | Q4 2022 |
| GOOGL | $91.8M | 3.38% | 0.00% | -26.5% | Q3 2021 |
| ELV | $86.4M | 3.18% | 0.12% | +1.5% | Q4 2024 |
| SCCO | $81.6M | 3.00% | 0.08% | -5.8% | Q3 2021 |
| META | $76.2M | 2.80% | Not reported | -23.6% | Q3 2021 |
| BNS | $75.2M | 2.77% | 0.09% | -5.6% | Q3 2021 |
| FNV | $68.3M | 2.51% | 0.16% | -5.6% | Q3 2021 |
| TME | $66.9M | 2.46% | 0.09% | -5.8% | Q1 2025 |
| NVDA | $63.8M | 2.35% | 0.00% | -19.0% | Q1 2025 |
| FISV | $61.5M | 2.26% | 0.09% | -8.9% | Q4 2021 |
| VIPS | $61.2M | 2.25% | 0.28% | -16.3% | Q3 2021 |
| CNQ | $54.8M | 2.02% | 0.08% | -5.5% | Q3 2021 |
| ORCL | $48.5M | 1.79% | 0.01% | -45.2% | Q3 2021 |
| LAUR | $48.1M | 1.77% | 1.04% | -5.8% | Q2 2024 |
| TRU | $47.8M | 1.76% | 0.29% | -23.5% | Q2 2023 |
| TIGO | $47.8M | 1.76% | 0.57% | New | Q3 2025 |
| V | $47.7M | 1.75% | 0.01% | -23.5% | Q4 2021 |
| MKL | $47.5M | 1.75% | 0.20% | -23.8% | Q3 2021 |
| CX | $47.1M | 1.73% | 0.04% | -14.0% | Q1 2024 |
| PAYC | $46.3M | 1.70% | 0.40% | -17.1% | Q3 2023 |
| GIL | $45.7M | 1.68% | 0.52% | -5.6% | Q3 2021 |
| MU | $45.6M | 1.68% | 0.02% | -36.1% | Q4 2021 |
| TMO | $45.1M | 1.66% | 0.02% | -24.4% | Q4 2021 |
| CPA | $44.5M | 1.64% | 0.91% | -7.0% | Q3 2022 |
| CP | $42M | 1.54% | 0.06% | -5.6% | Q3 2021 |
| MA | $41.5M | 1.53% | 0.01% | -23.5% | Q4 2021 |
| PGR | $36.3M | 1.33% | 0.03% | -11.2% | Q3 2021 |
| IBKR | $36.1M | 1.33% | 0.21% | -27.1% | Q2 2024 |
| ADSK | $31.9M | 1.17% | 0.05% | -27.1% | Q1 2022 |
| CME | $31.4M | 1.16% | 0.03% | -27.1% | Q3 2021 |
| OPLN | $30.7M | 1.13% | 1.00% | -26.3% | Q4 2021 |
| ATS | $30.5M | 1.12% | 1.20% | -5.6% | Q2 2025 |
| HDB | $30M | 1.10% | 0.01% | -14.3% | Q3 2021 |
| IQV | $24.4M | 0.90% | 0.08% | -24.1% | Q4 2021 |
| BKNG | $24M | 0.88% | 0.01% | -23.6% | Q3 2021 |
| ALGN | $24M | 0.88% | 0.27% | +1.1% | Q3 2022 |
| SPGI | $23.9M | 0.88% | 0.02% | -13.8% | Q4 2021 |
| BAM | $19.7M | 0.73% | Not reported | -5.7% | Q3 2021 |
| TJX | $18.1M | 0.67% | 0.01% | -27.1% | Q3 2021 |
 LYB | $16.1M | 0.59% | 0.10% | -23.5% | Q4 2021 |
| HCSG | $15.8M | 0.58% | 1.33% | -26.3% | Q4 2021 |
| RPRX | $15M | 0.55% | 0.11% | -26.5% | Q4 2021 |
| NEM | $14.7M | 0.54% | 0.02% | -42.1% | Q4 2021 |
| BIO | $14.6M | 0.54% | 0.19% | -13.2% | Q1 2024 |
 MTN | $14.4M | 0.53% | 0.27% | +21.5% | Q3 2024 |
| NVST | $14.2M | 0.52% | 0.42% | -26.4% | Q4 2023 |