Marathon Asset Management Ltd
CIK 0001861026
Annualised vol
9.577354%
Beta
0.4593
HHI
236.046751
Top-10 weight
37.559095%
VaR 95%
0.928409%
VaR 99%
1.726346%
Max drawdown
15.702028%
Matched value
50.50761%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GOOGL | REDUCED | 302,312 | 368,043 | -17.86% | 108,032,553 |
| AMZN | REDUCED | 427,627 | 552,798 | -22.64% | 101,881,080 |
| SCCO | REDUCED | 476,533 | 498,627 | -4.43% | 83,040,262 |
| MU | REDUCED | 53,547 | 134,816 | -60.28% | 61,797,195 |
| MSFT | REDUCED | 159,718 | 196,994 | -18.92% | 59,575,839 |
| NVDA | REDUCED | 280,561 | 357,453 | -21.51% | 56,131,803 |
| GIL | ADDED | 1,056,926 | 742,133 | 42.42% | 54,472,983 |
| V | ADDED | 157,956 | 153,309 | 3.03% | 54,189,101 |
| META | REDUCED | 85,206 | 103,745 | -17.87% | 47,993,919 |
| TRU | ADDED | 641,352 | 569,292 | 12.66% | 46,267,133 |
| MKL | REDUCED | 20,414 | 24,901 | -18.02% | 39,867,310 |
| TMO | REDUCED | 76,168 | 93,421 | -18.47% | 38,218,430 |
| ORCL | REDUCED | 237,250 | 271,004 | -12.46% | 34,770,495 |
| MA | REDUCED | 59,849 | 72,740 | -17.72% | 30,777,537 |
| ALGN | REDUCED | 156,954 | 191,709 | -18.13% | 26,471,781 |
| SPGI | REDUCED | 63,800 | 78,290 | -18.51% | 25,981,334 |
| HDB | REDUCED | 934,604 | 943,113 | -0.9% | 24,474,369 |
| FISV | REDUCED | 479,075 | 586,120 | -18.26% | 23,498,380 |
| PAYC | REDUCED | 182,561 | 223,315 | -18.25% | 22,944,837 |
| SKY | REDUCED | 238,784 | 290,034 | -17.67% | 21,042,481 |
| CME | REDUCED | 95,173 | 120,131 | -20.78% | 21,016,591 |
| OPLN | REDUCED | 494,113 | 1,104,351 | -55.26% | 20,377,220 |
| TFX | ADDED | 145,349 | 143,754 | 1.11% | 18,423,711 |
| RPRX | REDUCED | 285,951 | 440,928 | -35.15% | 16,033,099 |
| ADSK | REDUCED | 82,181 | 103,718 | -20.76% | 15,977,081 |
| SW | ADDED | 322,275 | 302,940 | 6.38% | 14,907,854 |
| NVST | REDUCED | 565,684 | 723,154 | -21.78% | 14,905,773 |
| DLTR | REDUCED | 116,156 | 148,466 | -21.76% | 14,049,139 |
| FCX | REDUCED | 218,068 | 282,936 | -22.93% | 13,713,974 |
| ROG | REDUCED | 83,632 | 133,809 | -37.5% | 13,692,458 |
| ADM | REDUCED | 174,127 | 222,628 | -21.79% | 13,303,197 |
| WCC | REDUCED | 37,122 | 59,455 | -37.56% | 12,822,804 |
| MTN | REDUCED | 91,699 | 117,343 | -21.85% | 12,671,599 |
| WMG | NEW | 454,281 | - | - | 12,296,834 |
| NEM | REDUCED | 125,483 | 160,574 | -21.85% | 11,719,731 |
| MBC | ADDED | 1,034,967 | 842,902 | 22.79% | 10,649,182 |
| BKR | REDUCED | 186,527 | 274,587 | -32.07% | 10,351,455 |
| WY | ADDED | 431,520 | 329,156 | 31.1% | 10,330,064 |
| RYN | NEW | 483,262 | - | - | 10,284,109 |
| FCN | REDUCED | 45,888 | 58,706 | -21.83% | 6,837,966 |
| VNT | REDUCED | 183,826 | 235,044 | -21.79% | 5,331,177 |
| INMD | UNCHANGED | 154,688 | 154,688 | 0.0% | 2,261,539 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | CNH INDL N V | COMMON | N20944109 | 126,296,885 | 5.13 | 1.1246396E7 | |
| GOOGL | REDUCED | ALPHABET INC | COMMON | 02079K305 | 108,032,553 | 4.39 | 302312.0 |
| - | COCA-COLA EUROPACIFIC PARTNE | COMMON | G25839104 | 103,836,335 | 4.22 | 1037637.0 | |
| AMZN | REDUCED | AMAZON COM INC | COMMON | 023135106 | 101,881,080 | 4.14 | 427627.0 |
| - | MILLICOM INTL CELLULAR S A | COMMON | L6388F110 | 96,817,449 | 3.93 | 1066749.0 | |
| - | ELEVANCE HEALTH INC FORMERLY | COMMON | 036752103 | 84,882,114 | 3.45 | 219490.0 | |
| SCCO | REDUCED | SOUTHERN COPPER CORP | COMMON | 84265V105 | 83,040,262 | 3.37 | 476533.0 |
| - | BANK NOVA SCOTIA B C | COMMON | 064149107 | 82,623,829 | 3.36 | 950832.0 | |
| - | BROOKFIELD CORP | COMMON | 11271J107 | 72,732,676 | 2.95 | 1705303.0 | |
| - | COPA HOLDINGS SA | COMMON | P31076105 | 64,478,479 | 2.62 | 414473.0 | |
| MU | REDUCED | MICRON TECHNOLOGY INC | COMMON | 595112103 | 61,797,195 | 2.51 | 53547.0 |
| MSFT | REDUCED | MICROSOFT CORP | COMMON | 594918104 | 59,575,839 | 2.42 | 159718.0 |
| - | CANADIAN NAT RES LTD MED TER | COMMON | 136385101 | 56,290,785 | 2.29 | 1391604.0 | |
| NVDA | REDUCED | NVIDIA CORPORATION | COMMON | 67066G104 | 56,131,803 | 2.28 | 280561.0 |
| GIL | ADDED | GILDAN ACTIVEWEAR INC | COMMON | 375916103 | 54,472,983 | 2.21 | 1056926.0 |
| V | ADDED | VISA INC | COMMON | 92826C839 | 54,189,101 | 2.2 | 157956.0 |
| - | CEMEX SA EURO MTN BE 144A | COMMON | 151290889 | 52,416,272 | 2.13 | 4368041.0 | |
| - | FRANCO NEV CORP | COMMON | 351858105 | 52,352,955 | 2.13 | 250994.0 | |
| - | LAUREATE ED INC | COMMON | 518613203 | 51,088,834 | 2.08 | 1406633.0 | |
| META | REDUCED | META PLATFORMS INC | COMMON | 30303M102 | 47,993,919 | 1.95 | 85206.0 |
| TRU | ADDED | TRANSUNION | COMMON | 89400J107 | 46,267,133 | 1.88 | 641352.0 |
| - | CANADIAN PACIFIC KANSAS CITY | COMMON | 13646K108 | 39,932,845 | 1.62 | 459750.0 | |
| MKL | REDUCED | MARKEL GROUP INC | COMMON | 570535104 | 39,867,310 | 1.62 | 20414.0 |
| TMO | REDUCED | THERMO FISHER SCIENTIFIC INC | COMMON | 883556102 | 38,218,430 | 1.55 | 76168.0 |
| - | INTERACTIVE BROKERS GROUP IN | COMMON | 45841N107 | 37,467,151 | 1.52 | 430459.0 | |
| - | TAIWAN SEMICONDUCTOR MANUFAC | COMMON | 874039100 | 37,340,882 | 1.52 | 78066.0 | |
| - | VIPSHOP HLDGS LTD | COMMON | 92763W103 | 36,576,857 | 1.49 | 2758415.0 | |
| ORCL | REDUCED | ORACLE CORP | COMMON | 68389X105 | 34,770,495 | 1.41 | 237250.0 |
| MA | REDUCED | MASTERCARD INCORPORATED | COMMON | 57636Q104 | 30,777,537 | 1.25 | 59849.0 |
| - | PROGRESSIVE CORP | COMMON | 743315103 | 30,360,232 | 1.23 | 138988.0 | |
| - | ATS CORPORATION | COMMON | 00217Y104 | 27,500,179 | 1.12 | 954485.0 | |
| ALGN | REDUCED | ALIGN TECHNOLOGY INC | COMMON | 016255101 | 26,471,781 | 1.08 | 156954.0 |
| SPGI | REDUCED | S&P GLOBAL INC | COMMON | 78409V104 | 25,981,334 | 1.06 | 63800.0 |
| HDB | REDUCED | HDFC BANK LTD | COMMON | 40415F101 | 24,474,369 | 0.99 | 934604.0 |
| FISV | REDUCED | FISERV INC | COMMON | 337738108 | 23,498,380 | 0.95 | 479075.0 |
| PAYC | REDUCED | PAYCOM SOFTWARE INC | COMMON | 70432V102 | 22,944,837 | 0.93 | 182561.0 |
| SKY | REDUCED | CHAMPION HOMES INC | COMMON | 830830105 | 21,042,481 | 0.85 | 238784.0 |
| CME | REDUCED | CME GROUP INC | COMMON | 12572Q105 | 21,016,591 | 0.85 | 95173.0 |
| OPLN | REDUCED | OPENLANE INC | COMMON | 48238T109 | 20,377,220 | 0.83 | 494113.0 |
| - | IQVIA HLDGS INC | COMMON | 46266C105 | 20,362,632 | 0.83 | 105388.0 | |
| - | HEALTHCARE SVCS GROUP INC | COMMON | 421906108 | 18,661,738 | 0.76 | 759824.0 | |
| TFX | ADDED | TELEFLEX INCORPORATED | COMMON | 879369106 | 18,423,711 | 0.75 | 145349.0 |
| RPRX | REDUCED | ROYALTY PHARMA PLC | COMMON | G7709Q104 | 16,033,099 | 0.65 | 285951.0 |
| ADSK | REDUCED | AUTODESK INC | COMMON | 052769106 | 15,977,081 | 0.65 | 82181.0 |
| - | C H ROBINSON WORLDWIDE IN | COMMON | 12541W209 | 15,659,463 | 0.64 | 82883.0 | |
| - | TJX COS INC NEW | COMMON | 872540109 | 15,583,442 | 0.63 | 102861.0 | |
| SW | ADDED | SMURFIT WESTROCK PLC | COMMON | G8267P108 | 14,907,854 | 0.61 | 322275.0 |
| NVST | REDUCED | ENVISTA HOLDINGS CORPORATION | COMMON | 29415F104 | 14,905,773 | 0.61 | 565684.0 |
| - | WILLSCOT HLDGS CORP | COMMON | 971378104 | 14,066,241 | 0.57 | 487406.0 | |
| DLTR | REDUCED | DOLLAR TREE INC | COMMON | 256746108 | 14,049,139 | 0.57 | 116156.0 |
| FCX | REDUCED | FREEPORT MCMORAN INC | COMMON | 35671D857 | 13,713,974 | 0.56 | 218068.0 |
| ROG | REDUCED | ROGERS CORP | COMMON | 775133101 | 13,692,458 | 0.56 | 83632.0 |
| ADM | REDUCED | ARCHER DANIELS MIDLAND CO | COMMON | 039483102 | 13,303,197 | 0.54 | 174127.0 |
| WCC | REDUCED | WESCO INTL INC | COMMON | 95082P105 | 12,822,804 | 0.52 | 37122.0 |
| - | BROOKFIELD ASSET MANAGMT LTD | COMMON | 113004105 | 12,696,318 | 0.52 | 283088.0 | |
| MTN | REDUCED | VAIL RESORTS INC | COMMON | 91879Q109 | 12,671,599 | 0.51 | 91699.0 |
| - | BIO RAD LABS INC | COMMON | 090572207 | 12,322,726 | 0.5 | 41975.0 | |
| WMG | NEW | WARNER MUSIC GROUP CORP | COMMON | 934550203 | 12,296,834 | 0.5 | 454281.0 |
| NEM | REDUCED | NEWMONT CORP | COMMON | 651639106 | 11,719,731 | 0.48 | 125483.0 |
| - | SCHEIN HENRY INC | COMMON | 806407102 | 11,609,195 | 0.47 | 139002.0 | |
| MBC | ADDED | MASTERBRAND INC | COMMON | 57638P104 | 10,649,182 | 0.43 | 1034967.0 |
| BKR | REDUCED | BAKER HUGHES COMPANY | COMMON | 05722G100 | 10,351,455 | 0.42 | 186527.0 |
| WY | ADDED | WEYERHAEUSER CO | COMMON | 962166104 | 10,330,064 | 0.42 | 431520.0 |
| RYN | NEW | RAYONIER INC | COMMON | 754907103 | 10,284,109 | 0.42 | 483262.0 |
| - | COCA COLA CONS INC | COMMON | 191098102 | 9,841,072 | 0.4 | 51547.0 | |
| - | TERADATA CORP DEL | COMMON | 88076W103 | 9,432,007 | 0.38 | 272208.0 | |
| - | AXALTA COATING SYS LTD | COMMON | G0750C108 | 7,689,474 | 0.31 | 224707.0 | |
| - | WELLS FARGO & CO | COMMON | 949746101 | 7,332,841 | 0.3 | 88733.0 | |
| FCN | REDUCED | FTI CONSULTING INC | COMMON | 302941109 | 6,837,966 | 0.28 | 45888.0 |
| VNT | REDUCED | VONTIER CORPORATION | COMMON | 928881101 | 5,331,177 | 0.22 | 183826.0 |
| - | DONNELLEY FINL SOLUTIONS INC | COMMON | 25787G100 | 5,067,874 | 0.21 | 120804.0 | |
| - | BARRICK MNG CORP | COMMON | 06849F108 | 4,960,359 | 0.2 | 135052.0 | |
| INMD | UNCHANGED | INMODE LTD | COMMON | M5425M103 | 2,261,539 | 0.09 | 154688.0 |
| - | FLUTTER ENTMT PLC | COMMON | G3643J108 | 112,796 | 0.0 | 1104.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 2,461,778,316 | 74 | 9.577354 | 0.4593 | 15.702028 |
| 2026-03-31 | 2026-04-24 | 2,607,664,166 | 74 | 9.798489 | 0.472053 | 16.153137 |
| 2025-12-31 | 2026-02-06 | 2,599,194,315 | 77 | 11.17891 | 0.536777 | 18.727181 |
| 2025-09-30 | 2025-10-17 | 2,717,859,947 | 78 | 10.221431 | 0.493516 | 16.591496 |
| 2025-03-31 | 2025-04-24 | 3,271,559,086 | 81 | 9.811253 | 0.475202 | 17.234504 |
| 2024-12-31 | 2025-02-06 | 3,579,651,794 | 81 | 9.8218 | 0.473004 | 17.35404 |