MARATHON CAPITAL MANAGEMENT
Long book
$445.2M
Q1 2026
Positions
171
Top-10 weight
38%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsMARATHON CAPITAL MANAGEMENT is a diversified fundamental manager, running a $445.2M US long book across 171 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: T ROWE PRICE GROUP INC, SS SPDR BB 1-3M T-BILL ETF, CORNING INC, ASTRAZENECA PLC, APPLE INC.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.4%
Q2 2024
+3.5%
Q3 2024
-1.0%
Q4 2024
-5.2%
Q1 2025
+3.5%
Q2 2025
+10.9%
Q3 2025
+6.3%
Q4 2025
-1.2%
Q1 2026
+13.0%
Sector allocation
Financials 24%
Technology 22%
Healthcare 13%
Industrials 13%
Energy 10%
Consumer discretionary 5%
Services media 3%
Materials 3%
Long book by quarter
What does MARATHON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TROW T ROWE PRICE GROUP INC | Financials | 638.5K | $57.6M | 12.9% | -2.2% |
| GLW CORNING INC | Industrials | 105.2K | $14.3M | 3.2% | -43.3% |
| AZN ASTRAZENECA PLC | Healthcare | 65.2K | $12.9M | 2.9% | New |
| AAPL APPLE INC | Technology | 49.0K | $12.4M | 2.8% | +0.4% |
| GOOG ALPHABET INC-CL C | Technology | 42.2K | $12.1M | 2.7% | -2.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 55.7K | $11.6M | 2.6% | +84.2% |
| CVX CHEVRON CORP | Energy | 49.3K | $10.2M | 2.3% | -16.1% |
| FANG DIAMONDBACK ENERGY INC | Energy | 48.0K | $9.5M | 2.1% | -23.5% |
| ZS ZSCALER INC | Technology | 66.3K | $9.3M | 2.1% | New |
| ALSN ALLISON TRANSMISSION HOLDING | Industrials | 72.2K | $8.5M | 1.9% | -3.0% |
| MSFT MICROSOFT CORP | Technology | 22.7K | $8.4M | 1.9% | -1.0% |
| TTI TETRA TECHNOLOGIES INC | Energy | 979.0K | $8.3M | 1.9% | -17.8% |
| QCOM QUALCOMM INC | Technology | 60.2K | $7.8M | 1.7% | +0.1% |
| ALM ALMONTY INDUSTRIES INC | Materials | 529.2K | $7.7M | 1.7% | -10.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 30.9K | $7.5M | 1.7% | -2.2% |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 155.9K | $7.3M | 1.6% | +75.4% |
| MET METLIFE INC | Financials | 102.9K | $7.3M | 1.6% | -0.7% |
| JPM JPMORGAN CHASE & CO | Financials | 21.1K | $6.2M | 1.4% | -0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 25.3K | $6.2M | 1.4% | -3.4% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 98.3K | $5.9M | 1.3% | -3.3% |
| ADMA ADMA BIOLOGICS INC | Healthcare | 627.4K | $5.7M | 1.3% | +34.8% |
| ANIP ANI PHARMACEUTICALS INC | Healthcare | 72.6K | $5.6M | 1.3% | +4.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 11.3K | $5.4M | 1.2% | -0.3% |
| B BARRICK MINING CORP | Materials | 126.1K | $5.1M | 1.2% | -2.9% |
| NPKI NPK INTERNATIONAL INC | Services media | 346.1K | $5.0M | 1.1% | -3.2% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 59.0K | $4.9M | 1.1% | -0.3% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 16.5K | $4.8M | 1.1% | -0.2% |
| ACA ARCOSA INC | Industrials | 45.3K | $4.8M | 1.1% | -4.7% |
| DHR DANAHER CORP | Technology | 23.3K | $4.4M | 1.0% | +1.1% |
| ZTS ZOETIS INC | Healthcare | 35.8K | $4.2M | 1.0% | +2.0% |
| CB CHUBB LTD | Financials | 12.4K | $4.0M | 0.9% | -2.8% |
| CALX CALIX INC | Communications | 81.8K | $4.0M | 0.9% | +1.5% |
| ZETA ZETA GLOBAL HOLDINGS CORP-A | Technology | 231.8K | $3.7M | 0.8% | +4.5% |
| ADBE ADOBE INC | Technology | 13.1K | $3.2M | 0.7% | +0.1% |
| CPA COPA HOLDINGS SA-CLASS A | Industrials | 27.8K | $3.2M | 0.7% | -46.1% |
| SLB SLB LTD | Energy | 60.1K | $3.1M | 0.7% | +2.4% |
| ARCC ARES CAPITAL CORP | — | 165.2K | $3.0M | 0.7% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 23.7K | $2.8M | 0.6% | -29.6% |
| ATEC ALPHATEC HOLDINGS INC | Healthcare | 261.6K | $2.8M | 0.6% | +31.5% |
| TRGP TARGA RESOURCES CORP | Utilities | 9.9K | $2.5M | 0.6% | -15.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.2K | $2.3M | 0.5% | -0.4% |
| LLY ELI LILLY & CO | Healthcare | 2.5K | $2.3M | 0.5% | -0.1% |
| ENPH ENPHASE ENERGY INC | Technology | 57.4K | $2.2M | 0.5% | +0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 7.2K | $2.1M | 0.5% | -7.7% |
| SYM SYMBOTIC INC | Industrials | 38.9K | $2.1M | 0.5% | -1.8% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 28.3K | $1.7M | 0.4% | -49.4% |
| MU MICRON TECHNOLOGY INC | Technology | 4.9K | $1.7M | 0.4% | -40.6% |
| XOM EXXON MOBIL CORP | Energy | 9.8K | $1.7M | 0.4% | -0.5% |
| ABBV ABBVIE INC | Healthcare | 6.8K | $1.5M | 0.3% | -1.8% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 29.5K | $1.5M | 0.3% | -1.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 171 | $445.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 171 | $464.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 163 | $437.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 166 | $392.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 158 | $375.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 155 | $400.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 154 | $412.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 145 | $392.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 154 | $419.1M | canonical | SEC ↗ |
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