MARATHON ASSET MANAGEMENT LP
Long book
$11.4M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
-11.0%
SPY +14.8%
Turnover
83%
of book per quarter
Strategy in plain words
auto-generated from filingsMARATHON ASSET MANAGEMENT LP is an institutional manager, specialised in industrials (100% of the long book), running a $11.4M US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: GRAFTECH INTERNATIONAL LTD, JOHN HANCOCK HIGH YIELD ETF.
Over the last 9 quarters its long book ran on average 5.3pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-40.5%
Q2 2024
+81.7%
Q3 2024
+4.2%
Q4 2024
+8.7%
Q1 2025
+29.4%
Q2 2025
+32.7%
Q3 2025
+5.1%
Q4 2025
-22.5%
Q1 2026
-11.0%
Sector allocation
Industrials 100%
Long book by quarter
What does MARATHON ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EAF GRAFTECH INTERNATIONAL LTD | Industrials | 1.2M | $8.2M | 72.2% | -8.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $12.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 13 | $64.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 18, 2025 | 17 | $75.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 17 | $44.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 11 | $95.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 8 | $76.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Mar 24, 2025 | 8 | $143.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ANEW HOLDINGS | Mar 24, 2025 | 2 | $59.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 8 | $142.4M | SEC ↗ | |
| Q2 2024 | 13F-HR/ARESTATEMENT | Mar 24, 2025 | 8 | $111.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Mar 24, 2025 | 1 | $374K | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 8 | $110.6M | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | Mar 24, 2025 | 9 | $215.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Mar 24, 2025 | 1 | $588K | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 9 | $214.2M | SEC ↗ |