Managers / Q4 2019 · view latest →
MARATHON ASSET MANAGEMENT LLP
CIK 0001040592 · ORION HOUSE, 5 UPPER ST MARTIN'S LANE, LONDON, X0, WC2H 9EA · 00442074972211
Reported Value
$7.6B
Q4 2019
Positions
102
Filings on Record
11
2019–present window
Filed
Jan 22, 2020
original filing
Summary
Marathon Asset Management LLP reported $7.6B in U.S.-listed holdings across 102 positions for Q4 2019.
Its largest position, WFC, represents 3.5% of the portfolio.
Compared with Q3 2019, the fund opened 2 new positions and exited 5.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 84.4% · $6.4B
- Other · 9.6% · $730M
- ADR · 4.4% · $335M
- REIT · 1.6% · $123M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CLVCtrip.com International ADR | NEW | +876.5K | 876.5K | +$29M | $29M |
| BBBlackberry Ltd | NEW | +3.15M | 3.15M | +$20M | $20M |
| GILGildan Activewear Inc | ADDED | +1.33M | 2.42M | +$33M | $72M |
| Ctrip.com International ADR | SOLD OUT | −919.9K | 0 | −$27M | $0 |
| WSMWilliams-Sonoma Inc | SOLD OUT | −381.2K | 0 | −$26M | $0 |
| TDToronto-Dominion Bank | SOLD OUT | −424.4K | 0 | −$25M | $0 |
| RYRoyal Bank of Canada | SOLD OUT | −293.8K | 0 | −$24M | $0 |
| WWWWolverine World Wide Inc | SOLD OUT | −784.2K | 0 | −$22M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
49 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GOOGLAlphabet Inc. - Class A | COMMON | 4.18% | $318M | 237.4K |
| 2 | WFCWells Fargo | COMMON | 3.54% | $269M | 5.00M |
| 3 | JNJJohnson and Johnson | COMMON | 3.50% | $266M | 1.82M |
| 4 | ORCLOracle Corp | COMMON | 3.01% | $229M | 4.32M |
| 5 | BKNGBooking Holdings Inc | COMMON | 2.68% | $204M | 99.1K |
| 6 | TXNTexas Instruments Inc | COMMON | 2.54% | $193M | 1.50M |
| 7 | BRK/BBerkshire Hathaway Inc | COMMON | 2.53% | $192M | 849.2K |
| 8 | INTCIntel Corp | COMMON | 2.50% | $190M | 3.17M |
| 9 | MRKMerck & Co Inc | COMMON | 2.50% | $190M | 2.07M |
| 10 | BIDUNBaidu Inc - Spon ADR | COMMON | 2.39% | $182M | 1.44M |
| 11 | TRVTravelers Companies Inc | COMMON | 2.11% | $160M | 1.17M |
| 12 | Brookfield Asset Management-CL A | COMMON | 2.05% | $156M | 2.70M |
| 13 | METAFacebook Inc A | COMMON | 1.97% | $149M | 727.8K |
| 14 | ADMArcher-Daniels-Midland Co. | COMMON | 1.95% | $148M | 3.20M |
| 15 | USBUS Bancorp | COMMON | 1.75% | $133M | 2.23M |
| 16 | ABXBarrick Gold Corporation | COMMON | 1.74% | $133M | 7.13M |
| 17 | HIGHartford Financial SVCS Group Inc | COMMON | 1.63% | $124M | 2.03M |
| 18 | AXPAmerican Express Co | COMMON | 1.59% | $121M | 971.0K |
| 19 | CRCCanadian Natural Resources | COMMON | 1.57% | $119M | 3.64M |
| 20 | Bunge Ltd | COMMON | 1.56% | $119M | 2.06M |
| 21 | YUMCYum China Holdings Inc | COMMON | 1.46% | $111M | 2.32M |
| 22 | LLoews Corp | COMMON | 1.45% | $110M | 2.09M |
| 23 | KOCoca Cola Co | COMMON | 1.40% | $107M | 1.92M |
| 24 | CHRWC H Robinson Worldwide Inc | COMMON | 1.38% | $105M | 1.34M |
| 25 | AMATApplied Materials Inc | COMMON | 1.38% | $105M | 1.71M |
| 26 | WATWaters Corp | COMMON | 1.32% | $100M | 428.2K |
| 27 | Chubb Ltd | COMMON | 1.15% | $88M | 560.9K |
| 28 | PGProcter & Gamble | COMMON | 1.12% | $85M | 682.8K |
| 29 | AMZNAmazon.com Inc | COMMON | 1.11% | $84M | 45.5K |
| 30 | UPSUnited Parcel Services Cl B | COMMON | 1.07% | $82M | 696.9K |
| 31 | PPGPPG Industries Inc | COMMON | 1.07% | $81M | 610.1K |
| 32 | MMM3M Co | COMMON | 1.07% | $81M | 459.8K |
| 33 | KMXCarmax Inc | COMMON | 1.00% | $76M | 869.7K |
| 34 | UNPUnion Pacific Corp | COMMON | 1.00% | $76M | 420.9K |
| 35 | Coca-Cola European Partners | COMMON | 0.99% | $75M | 1.47M |
| 36 | BAXBaxter International Inc | COMMON | 0.95% | $72M | 857.2K |
| 37 | ADIAnalog Devices Inc | COMMON | 0.94% | $72M | 604.1K |
| 38 | EXPDExpeditors Intl Wash Inc | COMMON | 0.94% | $72M | 917.5K |
| 39 | GILGildan Activewear Inc | COMMON | 0.94% | $72M | 2.42M |
| 40 | BNYBank of New York Mellon Corp | COMMON | 0.94% | $71M | 1.41M |
| 41 | CLColgate Palmolive Co | COMMON | 0.92% | $70M | 1.02M |
| 42 | UTXZUnited Technologies Corp | COMMON | 0.90% | $69M | 458.1K |
| 43 | PAYXPaychex Inc | COMMON | 0.89% | $68M | 799.7K |
| 44 | RBAGBPRitchie Bros Auctioneers | COMMON | 0.89% | $68M | 1.58M |
| 45 | MXIMMaxim Integrated Products | COMMON | 0.84% | $64M | 1.04M |
| 46 | TE Connectivity Ltd | COMMON | 0.83% | $63M | 658.4K |
| 47 | Genpact Ltd | COMMON | 0.81% | $62M | 1.46M |
| 48 | OMCOmnicom Group | COMMON | 0.80% | $61M | 741.7K |
| 49 | COSTCostco Wholesale Corp | COMMON | 0.79% | $60M | 204.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2021 | $8.3B | 98 | Jul 21, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $7.2B | 104 | Apr 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $7.1B | 106 | Feb 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $6.4B | 108 | Nov 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $6.5B | 105 | Jul 20, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $5.6B | 105 | Apr 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $7.6B | 102 | Jan 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $7.6B | 105 | Oct 25, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $7.8B | 102 | Jul 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $7.5B | 101 | May 2, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $6.8B | 104 | Jan 29, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.