MARATHON CAPITAL MANAGEMENT
CIK 1213206 · View on SEC EDGAR ↗
- Portfolio value
- $493.9M
- Positions
- 187
- As of
- June 30, 2026
#3,799 of 9,443 by 13F value · top 40.2%
Portfolio value QoQ: +10.9% 13F does not disclose cash
- Top 10 holdings weight
- 38.93%
- Top 25 holdings weight
- 61.78%
- Positions above 1%
- 30
- Effective number of positions
- 31.6
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.07% Est. buys $33,207,069 · sells $41,592,529
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 76.6% still held
- New positions
- 28
- Increased
- 55
- Decreased
- 68
- Closed
- 12
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +19.3% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 92.4% · Options excluded: 0.0%
Sector breakdown
Industrials
15.5%
Financial Services
15.2%
Technology
14.1%
Healthcare
13.8%
Energy
7.6%
Financials
5.6%
Communication Services
3.8%
Real Estate
3.3%
Retail
3.1%
Materials
2.9%
Communications
0.8%
Consumer products
0.7%
Consumer Staples
0.7%
Telecommunication
0.3%
Utilities
0.3%
Consumer Discretionary
0.3%
Other/Unmapped
12.2%
Full portfolio 187 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TROW T. Rowe Price Group, Inc. - Common Stock | $65,977,149 | 13.36% | 580,325 | $8,420,505 | Down ×6 | ||
| GLW Corning Incorporated Common Stock | $23,745,054 | 4.81% | 92,961 | $9,442,801 | Down ×6 | ||
| BIL | $19,314,856 | 3.91% | 210,769 | $1,404,144 | Up ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $14,612,738 | 2.96% | 41,357 | $2,505,932 | Down ×4 | ||
| AMZN Amazon.com, Inc. - Common Stock | $13,502,676 | 2.73% | 56,653 | $1,897,039 | Up ×2 | ||
| AAPL Apple Inc. - Common Stock | $12,342,733 | 2.50% | 42,655 | $-90,950 | Down ×1 | ||
| AZN AstraZeneca PLC - American Depositary Shares | $12,282,926 | 2.49% | 64,777 | $-570,907 | Down ×1 | ||
| TTI Tetra Technologies, Inc. Common Stock | $10,901,397 | 2.21% | 962,171 | $2,560,223 | Down ×6 | ||
| VYMI Vanguard International High Dividend Yield ETF | $10,286,646 | 2.08% | 104,752 | $457,888 | Up ×3 | ||
| ZS Zscaler, Inc. - Common Stock | $9,340,178 | 1.89% | 66,172 | $32,638 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $8,906,588 | 1.80% | 23,877 | $499,989 | Up ×1 | ||
| IBM International Business Machines Corporation Common Stock | $8,759,223 | 1.77% | 31,148 | $1,257,763 | Up ×1 | ||
| MET MetLife, Inc. Common Stock | $8,663,848 | 1.75% | 102,398 | $1,385,968 | Down ×6 | ||
| CECO CECO Environmental Corp. - Common Stock | $8,659,318 | 1.75% | 95,430 | $2,800,817 | Down ×4 | ||
| ALM Almonty Industries Inc. - Common Shares | $8,646,887 | 1.75% | 522,155 | $984,723 | Down ×2 | ||
| ALSN Allison Transmission Holdings, Inc. Common Stock | $8,149,640 | 1.65% | 72,287 | $-306,201 | Up ×1 | ||
| FANG Diamondback Energy, Inc. - Common Stock | $7,764,575 | 1.57% | 44,172 | $-1,719,648 | Down ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $6,928,275 | 1.40% | 21,166 | $717,874 | Up ×1 | ||
| CVX Chevron Corporation Common Stock | $6,921,924 | 1.40% | 41,759 | $-3,279,109 | Down ×6 | ||
| O Realty Income Corporation Common Stock | $6,910,449 | 1.40% | 111,531 | $36,920 | Down ×3 | ||
| BLDR Builders FirstSource, Inc. Common Stock | $6,646,395 | 1.35% | 74,278 | $1,789,254 | Up ×1 | ||
| ACA Arcosa, Inc. Common Stock | $6,562,114 | 1.33% | 45,166 | $1,755,033 | Down ×2 | ||
| FIS Fidelity National Information Services, Inc. Common Stock | $6,478,273 | 1.31% | 166,622 | $-834,152 | Up ×2 | ||
| WAY Waystar Holding Corp. - Common Stock | $6,472,390 | 1.31% | 315,265 | Up ×1 | |||
| JNJ Johnson & Johnson Common Stock | $6,380,145 | 1.29% | 25,121 | $198,823 | Down ×6 | ||
| ZTS Zoetis Inc. Class A Common Stock | $6,005,382 | 1.22% | 83,571 | $1,769,210 | Up ×2 | ||
| ANIP ANI Pharmaceuticals, Inc. - Common Stock | $5,959,332 | 1.21% | 71,990 | $377,161 | Down ×1 | ||
| NPKI NPK International Inc. Common Stock | $5,471,926 | 1.11% | 343,930 | $456,792 | Down ×5 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $5,187,939 | 1.05% | 28,075 | $-2,562,106 | Down ×1 | ||
| DHR Danaher Corporation Common Stock | $5,049,547 | 1.02% | 26,510 | $631,987 | Up ×2 | ||
| CEF | $4,830,617 | 0.98% | 120,075 | $-913,678 | Down ×6 | ||
| B Barrick Mining Corporation Common Shares | $4,790,822 | 0.97% | 130,434 | $-351,716 | Up ×1 | ||
| BRKB | $4,740,194 | 0.96% | 9,473 | $-665,661 | Down ×2 | ||
| ZETA Zeta Global Holdings Corp. Class A Common Stock | $4,718,575 | 0.96% | 239,765 | $1,027,921 | Up ×3 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $4,592,062 | 0.93% | 45,615 | Up ×1 | |||
| DOC Healthpeak Properties, Inc. Common Stock | $4,465,928 | 0.90% | 208,688 | $429,811 | Down ×4 | ||
| ADMA ADMA Biologics Inc - Common Stock | $4,455,795 | 0.90% | 532,353 | $-1,196,971 | Down ×1 | ||
| WTW Willis Towers Watson Public Limited Company - Ordinary Shares | $4,290,389 | 0.87% | 16,415 | $-518,370 | Down ×6 | ||
| CB Chubb Limited Common Stock | $4,100,902 | 0.83% | 12,035 | $64,259 | Down ×2 | ||
| GLD | $4,035,235 | 0.82% | 10,954 | $-552,947 | Up ×1 | ||
| NVO Novo Nordisk A/S Common Stock | $3,745,744 | 0.76% | 78,134 | $748,267 | Down ×2 | ||
| CPA Copa Holdings, S.A. Class A Common Stock | $3,653,250 | 0.74% | 23,483 | $496,255 | Down ×6 | ||
| SYM Symbotic Inc. - Class A Common Stock | $3,136,611 | 0.64% | 69,780 | $1,068,727 | Up ×1 | ||
| CALX Calix, Inc Common Stock | $3,118,273 | 0.63% | 83,555 | $-886,904 | Up ×3 | ||
| MU Micron Technology, Inc. - Common Stock | $3,110,879 | 0.63% | 2,695 | $1,447,017 | Down ×3 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $3,000,549 | 0.61% | 23,351 | $151,480 | Down ×5 | ||
| LLY Eli Lilly and Company Common Stock | $2,989,007 | 0.61% | 2,492 | $648,172 | Down ×3 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $2,979,394 | 0.60% | 8,337 | $900,335 | Up ×1 | ||
| ENPH Enphase Energy, Inc. - Common Stock | $2,812,983 | 0.57% | 57,128 | $643,899 | Down ×1 | ||
| MXL MaxLinear, Inc - Common Stock | $2,560,600 | 0.52% | 20,000 | $2,169,325 | Down ×1 | ||
| ATEC Alphatec Holdings, Inc. - Common Stock | $2,415,686 | 0.49% | 279,270 | $-430,468 | Up ×2 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $2,395,673 | 0.49% | 4,124 | $1,348,212 | Down ×1 | ||
| TRGP Targa Resources, Inc. Common Stock | $2,393,150 | 0.48% | 8,925 | $-95,345 | Down ×2 | ||
| PG Procter & Gamble Company (The) Common Stock | $2,382,324 | 0.48% | 16,246 | $38,560 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $2,284,028 | 0.46% | 11,415 | $1,244,604 | Up ×1 | ||
| SLB SLB Limited Common Shares | $1,990,007 | 0.40% | 42,805 | $-1,100,065 | Down ×1 | ||
| SPY SPY | $1,800,867 | 0.36% | 2,412 | $47,550 | Down ×2 | ||
| ABBV AbbVie Inc. Common Stock | $1,712,913 | 0.35% | 6,807 | $227,021 | Down ×2 | ||
| WY Weyerhaeuser Company Common Stock | $1,617,670 | 0.33% | 67,572 | $273,165 | Up ×2 | ||
| LSCC Lattice Semiconductor Corporation - Common Stock | $1,544,896 | 0.31% | 10,100 | $608,020 | |||
| DAR Darling Ingredients Inc. Common Stock | $1,541,650 | 0.31% | 28,225 | $-205,613 | Down ×2 | ||
| PAR PAR Technology Corporation Common Stock | $1,394,036 | 0.28% | 80,025 | $48,772 | Down ×1 | ||
| CINF Cincinnati Financial Corporation - Common Stock | $1,385,773 | 0.28% | 7,485 | $208,008 | |||
| KO Coca-Cola Company (The) Common Stock | $1,377,176 | 0.28% | 16,946 | $70,889 | Down ×3 | ||
| GDX GDX | $1,371,756 | 0.28% | 18,181 | $-296,714 | |||
| SELF Global Self Storage, Inc. - Common Stock | $1,366,506 | 0.28% | 260,784 | $39,810 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $1,286,828 | 0.26% | 9,412 | $-368,714 | Down ×3 | ||
| VZ Verizon Communications Inc. Common Stock | $1,256,210 | 0.25% | 29,670 | $-226,245 | Up ×1 | ||
| LMT Lockheed Martin Corporation Common Stock | $1,191,627 | 0.24% | 2,339 | $-222,041 | |||
| WFCPRL | $1,173,198 | 0.24% | 1,014 | $2,028 | |||
| KRNT Kornit Digital Ltd. - Ordinary Shares | $1,153,344 | 0.23% | 70,975 | $113,144 | Up ×1 | ||
| CYRX CryoPort, Inc. - Common Stock | $1,055,433 | 0.21% | 67,225 | $581,610 | Up ×1 | ||
| AR Antero Resources Corporation Common Stock | $1,054,200 | 0.21% | 30,000 | $-219,000 | |||
| RTX RTX Corporation Common Stock | $1,039,334 | 0.21% | 5,478 | $91,923 | Up ×1 | ||
| HDSN Hudson Technologies, Inc. - Common Stock | $994,886 | 0.20% | 173,325 | $-30,145 | Down ×6 | ||
| EOG EOG Resources, Inc. Common Stock | $959,724 | 0.19% | 7,398 | $4,839 | Up ×3 | ||
| GEHC GE HealthCare Technologies Inc. - Common Stock | $934,802 | 0.19% | 14,604 | $75,019 | Up ×2 | ||
| AMGN Amgen Inc. - Common Stock | $917,379 | 0.19% | 2,533 | $26,017 | |||
| ENB Enbridge Inc Common Stock | $916,691 | 0.19% | 16,910 | $-86,253 | Down ×2 | ||
| BFB | $914,868 | 0.19% | 34,329 | $58,000 | Up ×3 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $910,192 | 0.18% | 2,136 | $306,445 | Up ×1 | ||
| ALL Allstate Corporation (The) Common Stock | $898,252 | 0.18% | 3,775 | $105,591 | Down ×3 | ||
| MDT Medtronic plc. Ordinary Shares | $888,447 | 0.18% | 11,357 | $644,614 | Up ×2 | ||
| RGLD Royal Gold, Inc. - Common Stock | $814,409 | 0.16% | 4,080 | $-223,910 | |||
| MYCG State Street My2027 Corporate Bond ETF | $804,101 | 0.16% | 32,177 | $28,180 | Up ×2 | ||
| PEP PepsiCo, Inc. - Common Stock | $778,279 | 0.16% | 5,748 | $-211,074 | Down ×1 | ||
| GE GE Aerospace Common Stock | $730,642 | 0.15% | 1,955 | $150,332 | Down ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $713,570 | 0.14% | 1,889 | $286,446 | Up ×1 | ||
| LOW Lowe's Companies, Inc. Common Stock | $702,249 | 0.14% | 3,185 | $-52,429 | Down ×3 | ||
| PLD Prologis, Inc. Common Stock | $690,897 | 0.14% | 5,100 | $16,779 | |||
| HD Home Depot, Inc. (The) Common Stock | $662,686 | 0.13% | 1,879 | $-21,076 | Down ×1 | ||
| CSX CSX Corporation - Common Stock | $641,227 | 0.13% | 13,491 | $87,421 | |||
| PNC PNC Financial Services Group, Inc. (The) Common Stock | $635,609 | 0.13% | 2,581 | $5,721 | Down ×2 | ||
| NBR Nabors Industries Ltd. | $630,075 | 0.13% | 7,500 | $-15,375 | |||
| TXO TXO Partners, L.P. Common Units Representing Limited Partner Interests | $625,000 | 0.13% | 50,000 | $-4,000 | |||
| CSCO Cisco Systems, Inc. - Common Stock | $607,652 | 0.12% | 5,173 | $127,601 | Down ×1 | ||
| TOL Toll Brothers, Inc. Common Stock | $607,277 | 0.12% | 3,686 | $261,326 | Up ×3 | ||
| SO Southern Company (The) Common Stock | $599,623 | 0.12% | 6,265 | $15,677 | Up ×1 | ||
| Unknown issuer (CUSIP: 438516205) | $592,696 | 0.12% | 2,647 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $584,536 | 0.12% | 2,644 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| BIL | $19,314,856 | 3.91% | up ×6 |
| VYMI | $10,286,646 | 2.08% | up ×3 |
| ZETA | $4,718,575 | 0.96% | up ×3 |
| CALX | $3,118,273 | 0.63% | up ×3 |
| EOG | $959,724 | 0.19% | up ×3 |
| BFB | $914,868 | 0.19% | up ×3 |
| TOL | $607,277 | 0.12% | up ×3 |
| ELV | $540,330 | 0.11% | up ×3 |
| RPRX | $525,016 | 0.11% | up ×3 |
| CPAY | $518,901 | 0.11% | up ×3 |
| SYK | $400,794 | 0.08% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| WAY | $6,472,390 | 315,265 | 1.31% |
| SGOV | $4,592,062 | 45,615 | 0.93% |
| Unknown issuer (CUSIP: 438516205) | $592,696 | 2,647 | 0.12% |
| Unknown issuer (CUSIP: 43849R105) | $584,536 | 2,644 | 0.12% |
| ACN | $523,892 | 4,210 | 0.11% |
| V | $518,769 | 1,512 | 0.11% |
| META | $457,396 | 812 | 0.09% |
| AMAT | $378,129 | 523 | 0.08% |
| ULTA | $359,882 | 798 | 0.07% |
| TXN | $353,213 | 1,185 | 0.07% |
| PANW | $332,836 | 976 | 0.07% |
| DUSA | $331,237 | 5,896 | 0.07% |
| TSLA | $322,600 | 767 | 0.07% |
| DVN | $303,289 | 7,340 | 0.06% |
| NFLX | $292,811 | 4,101 | 0.06% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| GLW | Trimmed | -12K | +$9.4M |
| TROW | Trimmed | -58K | +$8.4M |
| CVX | Trimmed | -8K | -$3.3M |
| CECO | Trimmed | -3K | +$2.8M |
| QCOM | Trimmed | -32K | -$2.6M |
| TTI | Trimmed | -17K | +$2.6M |
| GOOG | Trimmed | -848 | +$2.5M |
| AMZN | Bought more | +929 | +$1.9M |
| BLDR | Bought more | +15K | +$1.8M |
| ZTS | Bought more | +48K | +$1.8M |
2 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| DOW | June 30, 2025 | 149,028 | $5,204,047 | 23.4% |
| LULU | June 30, 2025 | 17,200 | $4,868,632 | -50.5% |
| ADBE | June 30, 2026 | 13,090 | $3,181,917 | 33.6% |
| FMX | March 31, 2025 | 36,628 | $3,131,331 | 22.4% |
| GOLD | June 30, 2025 | 138,896 | $2,700,129 | 102.5% |
| HON | June 30, 2026 | 5,511 | $1,245,677 | -1.2% |
| AMPL | June 30, 2026 | 171,560 | $1,170,039 | 65.9% |
| LAND | March 31, 2026 | 95,628 | $875,000 | -15.0% |
| DCGO | June 30, 2025 | 296,025 | $781,506 | -73.0% |
| SANM | March 31, 2026 | 5,000 | $750,350 | 49.7% |
| RIG | June 30, 2025 | 229,225 | $726,643 | 132.0% |
| SRPT | Sept. 30, 2025 | 41,575 | $710,933 | -0.6% |
| SHYF | June 30, 2025 | 74,021 | $598,830 | No longer tracked |
| XRAY | March 31, 2026 | 46,040 | $526,237 | -5.7% |
| QTRX | June 30, 2025 | 74,300 | $483,693 | -54.0% |
| PCH | March 31, 2026 | 12,010 | $477,758 | No longer tracked |
| BXP | Sept. 30, 2025 | 6,999 | $472,206 | -9.3% |
| RIO | June 30, 2026 | 4,657 | $434,452 | 6.1% |
| LUNA | March 31, 2025 | 192,500 | $415,800 | No longer tracked |
| RYN | June 30, 2026 | 20,028 | $412,976 | 1.5% |
| SIG | March 31, 2025 | 5,000 | $403,550 | 43.0% |
| WEST | March 31, 2025 | 58,125 | $373,163 | 15.8% |
| CIVI | Dec. 31, 2025 | 10,100 | $328,250 | No longer tracked |
| BCX | June 30, 2025 | 33,408 | $311,697 | 36.6% |
| COPX | Sept. 30, 2025 | 6,594 | $296,730 | No longer tracked |
| KVUE | June 30, 2025 | 12,277 | $294,402 | -8.7% |
| KRMN | June 30, 2026 | 3,595 | $287,780 | 13.7% |
| HSY | Sept. 30, 2025 | 1,555 | $258,052 | 1.7% |
| PM | Sept. 30, 2025 | 1,412 | $257,168 | 17.8% |
| MS | March 31, 2025 | 1,998 | $251,189 | 83.3% |
| URA | Sept. 30, 2025 | 6,430 | $249,548 | No longer tracked |
| WAB | Sept. 30, 2025 | 1,169 | $244,730 | 45.9% |
| TCAF | June 30, 2026 | 6,825 | $242,902 | No longer tracked |
| ULTA | March 31, 2026 | 381 | $230,509 | 0.3% |
| RSP | March 31, 2026 | 1,163 | $222,784 | No longer tracked |
| CP | Dec. 31, 2025 | 2,984 | $222,278 | 28.6% |
| AXP | March 31, 2026 | 600 | $221,970 | 10.6% |
| TOST | Sept. 30, 2025 | 5,000 | $221,450 | -3.0% |
| HLMN | June 30, 2026 | 26,200 | $217,984 | -1.1% |
| AMP | March 31, 2026 | 435 | $213,298 | 25.3% |
| IBDQ | Dec. 31, 2025 | 8,425 | $212,226 | No longer tracked |
| V | Sept. 30, 2025 | 584 | $207,349 | 7.7% |
| GDXJ | Dec. 31, 2025 | 2,090 | $206,973 | No longer tracked |
| NOW | March 31, 2025 | 195 | $206,723 | -18.6% |
| OTIS | June 30, 2025 | 1,999 | $206,263 | -27.6% |
| CARR | Sept. 30, 2025 | 2,807 | $205,477 | 1.5% |
| ADP | March 31, 2025 | 700 | $204,911 | -8.6% |
| V | March 31, 2026 | 584 | $204,815 | 21.6% |
| KHC | Sept. 30, 2025 | 7,900 | $203,978 | -1.3% |
| QQQ | March 31, 2026 | 331 | $203,337 | |
| IBDR | Sept. 30, 2025 | 8,375 | $203,094 | No longer tracked |
| IBDS | Sept. 30, 2025 | 8,300 | $201,441 | No longer tracked |
| VOO | June 30, 2026 | 336 | $200,483 | No longer tracked |
| NOW | Sept. 30, 2025 | 195 | $200,476 | -29.6% |
| WM | Sept. 30, 2025 | 875 | $200,218 | 2.1% |
| CLF | March 31, 2026 | 15,000 | $199,200 | 26.0% |
| ARAY | Dec. 31, 2025 | 100,000 | $167,000 | -63.4% |
| FRO | Sept. 30, 2025 | 10,000 | $164,100 | 92.8% |
| FVCB | March 31, 2025 | 12,000 | $150,840 | 71.3% |
| WBD | June 30, 2025 | 11,739 | $125,959 | 147.6% |
| LPTH | March 31, 2026 | 11,250 | $121,500 | 28.2% |
| EVLV | Sept. 30, 2025 | 12,500 | $78,000 | -27.2% |
| INVE | June 30, 2026 | 15,500 | $57,350 | 13.5% |
| BRFH | June 30, 2026 | 15,384 | $43,229 | -32.5% |
| NNDM | June 30, 2026 | 20,000 | $34,000 | 6.6% |
| PXLW | June 30, 2025 | 25,000 | $15,670 | -5.6% |