Marathon Partners Equity Management, LLC

Fundamental concentrated ★Highest signal CIK 1353311
League rank
#500
in Fundamental concentrated · #5786 overall
Long book
$87.7M
Q1 2026
Positions
16
Top-10 weight
94%
concentration
Last quarter
+24.3%
SPY +14.8%
Turnover
18%
of book per quarter

Strategy in plain words

auto-generated from filings

Marathon Partners Equity Management, LLC is a concentrated fundamental stock-picker, running a $87.7M US long book across 16 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: REMITLY GLOBAL INC, TKO GROUP HOLDINGS INC, META PLATFORMS INC-CLASS A, UBER TECHNOLOGIES INC, COHEN & STEERS INC.

Over the last 6 quarters its long book ran on average 1.3pp per quarter ahead of the S&P 500, beating the index in 3 of 6 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2024
-4.6%
Q1 2025
+14.4%
Q2 2025
+7.0%
Q3 2025
-1.5%
Q4 2025
-3.9%
Q1 2026
+24.3%

Sector allocation

Services media
59%
Technology
19%
Financials
8%
Industrials
8%
Consumer staples
3%
Other
2%
Consumer discretionary
1%

Long book by quarter

$104.0M
Q4 2024
$95.0M
Q1 2025
$110.2M
Q2 2025
$125.3M
Q3 2025
$100.6M
Q4 2025
$87.7M
Q1 2026

What does Marathon Partners own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
RELY REMITLY GLOBAL INCServices media1.3M$19.9M22.7%-5.0%
TKO TKO GROUP HOLDINGS INCServices media73.0K$14.7M16.8%-13.1%
META META PLATFORMS INC-CLASS ATechnology25.3K$14.4M16.5%-9.8%
UBER UBER TECHNOLOGIES INCServices media140.0K$10.1M11.5%-6.7%
CNS COHEN & STEERS INCFinancials114.5K$7.2M8.2%+52.7%
XMTR XOMETRY INC-AServices media115.0K$4.7M5.4%Held
ATMU ATMUS FILTRATION TECHNOLOGIEIndustrials75.0K$4.3M4.9%-6.3%
TPB TURNING POINT BRANDS INCConsumer staples31.0K$2.7M3.1%+77.1%
ATI ATI INCIndustrials17.5K$2.5M2.9%-12.5%
LION LIONSGATE STUDIOS CORPServices media220.0K$2.1M2.4%-20.0%
GOOG ALPHABET INC-CL CTechnology5.8K$1.6M1.9%Held
PPB FLUTTER ENTERTAINMENT PLC-DI10.0K$1.0M1.2%-39.4%
HSIC HENRY SCHEIN INCConsumer discretionary12.5K$921K1.1%-73.7%
FLEX FLEX LTDTechnology12.5K$818K0.9%New
SXT SENSIENT TECHNOLOGIES CORPOther5.0K$432K0.5%-77.8%
CRCL CIRCLE INTERNET GROUP INCFinancials2.5K$239K0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202617$88.3M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202615$100.6M canonicalSEC ↗
Q3 202513F-HRNov 14, 202518$139.0M canonicalSEC ↗
Q2 202513F-HRAug 14, 202518$115.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 202518$97.7M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202527$115.1M canonicalSEC ↗