SEC 13F Intelligence

Managers / Q3 2020 · view latest →

MARATHON ASSET MANAGEMENT LLP

CIK 0001040592 · ORION HOUSE, 5 UPPER ST MARTIN'S LANE, LONDON, X0, WC2H 9EA · 00442074972211

Reported Value
$6.4B
Q3 2020
Positions
108
Filings on Record
11
2019–present window
Filed
Nov 5, 2020
original filing

Summary

Marathon Asset Management LLP reported $6.4B in U.S.-listed holdings across 108 positions for Q3 2020.

Its largest position, ORCL, represents 4.0% of the portfolio.

Compared with Q2 2020, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+27.5%
share of reported value
Largest Position
+4.0%
Oracle
New / Exited
4 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $6.8BQ4 ’18Q1 ’19: $7.5BQ2 ’19: $7.8BQ2 ’19Q3 ’19: $7.6BQ4 ’19: $7.6BQ4 ’19Q1 ’20: $5.6BQ2 ’20: $6.5BQ2 ’20Q3 ’20: $6.4BQ4 ’20: $7.1BQ4 ’20Q1 ’21: $7.2BQ2 ’21: $8.3BQ2 ’21filingsflow.com

Portfolio Composition

By security type
Common Stock: 83.3%Other: 9.8%ADR: 5.6%REIT: 1.4%
  • Common Stock · 83.3% · $5.3B
  • Other · 9.8% · $621M
  • ADR · 5.6% · $354M
  • REIT · 1.4% · $90M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FMXFomento Economico Mexicano Spon ADRNEW+506.5K506.5K+$28M$28M
ANETEURArista Networks IncNEW+105.4K105.4K+$22M$22M
OPLNKar Auction Services IncNEW+731.1K731.1K+$11M$11M
HCSGHealthcare Services GroupNEW+160.1K160.1K+$3M$3M
58.com Inc Spon ADRSOLD OUT−1.8K0−$100,000$0
ADPAutomatic Data ProcessingADDED+109.4K250.9K+$14M$35M
MTBM & T Bank CorpADDED+118.7K322.6K+$9M$30M
AMZNAmazon.com IncTRIMMED−18.6K33.7K−$38M$106M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLAlphabet Inc - Class ACOMMON4.42%$281M191.4K
2ORCLOracle Corphistory →COMMON3.97%$252M4.23M
3JNJJohnson and Johnsonhistory →COMMON3.83%$244M1.64M
4BIDUNBaidu Inc - Spon ADRhistory →COMMON3.36%$214M1.69M
5BKNGBooking Holdings Inchistory →COMMON2.80%$178M104.0K
6METAFacebook Inc Ahistory →COMMON2.49%$159M605.3K
7ADMArcher-Daniels-Midland Co.history →COMMON2.24%$142M3.06M
8BRK/BBerkshire Hathaway Inchistory →COMMON2.16%$137M644.0K
9TXNTexas Instruments Inchistory →COMMON2.14%$136M954.4K
10MRKMerck & Co Inchistory →COMMON2.06%$131M1.57M
11Brookfield Asset Management-CL ACOMMON1.98%$126M3.82M
12ABXBarrick Gold Corphistory →COMMON1.97%$125M4.45M
13INTCIntel Corphistory →COMMON1.94%$123M2.38M
14YUMCYum China Holdings Inchistory →COMMON1.85%$117M2.22M
15CHRWC H Robinson Worldwide Inchistory →COMMON1.81%$115M1.13M
16WFCWells Fargohistory →COMMON1.67%$106M4.52M
17AMZNAmazon.com Inchistory →COMMON1.67%$106M33.7K
18TRVTravelers Companies Inchistory →COMMON1.58%$100M927.9K
19UPSUnited Parcel Services Cl Bhistory →COMMON1.55%$98M590.6K
20PGProcter & Gamblehistory →COMMON1.55%$98M707.8K
21Bunge LtdCOMMON1.41%$89M1.96M
22Genpact LtdCOMMON1.35%$86M2.21M
23AXPAmerican Express Cohistory →COMMON1.31%$83M829.7K
24RBAGBPRitchie Bros Auctioneershistory →COMMON1.28%$81M1.37M
25WATWaters Corphistory →COMMON1.23%$78M398.7K
26PPGPPG Industries Inchistory →COMMON1.17%$74M609.5K
27KMXCarmax Inchistory →COMMON1.13%$72M782.0K
28EAElectronic Arts Inchistory →COMMON1.13%$72M549.5K
29HSYThe Hershey Companyhistory →COMMON1.11%$71M493.9K
30KOCoca Cola Cohistory →COMMON1.02%$65M1.31M
31Coca-Cola European PartnersCOMMON1.01%$64M1.66M
32TJXTJX Companies Inchistory →COMMON0.96%$61M1.10M
33FRCBFirst Republic Bankhistory →COMMON0.95%$61M557.0K
34PAYXPaychex Inchistory →COMMON0.92%$59M737.0K
35MXIMMaxim Integrated Productshistory →COMMON0.92%$58M865.1K
36FASTFastenal Cohistory →COMMON0.91%$58M1.28M
37USBUS Bancorphistory →COMMON0.90%$57M1.58M
38Canadian Pacific Railway LtdCOMMON0.89%$57M187.2K
39UNPUnion Pacific Corphistory →COMMON0.89%$56M286.9K
40PYPLPayPal Holdings Inc.history →COMMON0.88%$56M285.5K
41MKLMarkel Corphistory →COMMON0.86%$55M56.1K
42ADIAnalog Devices Inchistory →COMMON0.82%$52M444.7K
43EXPDExpeditors Intl Wash Inchistory →COMMON0.82%$52M573.3K
44AMATApplied Materials Inchistory →COMMON0.78%$50M834.6K
45COSTCostco Wholesale Corphistory →COMMON0.78%$49M139.0K
46Linde PLCCOMMON0.77%$49M206.7K
47CLColgate Palmolive Cohistory →COMMON0.76%$49M629.9K
48KMBKimberly-Clark Corphistory →COMMON0.75%$48M322.2K
49FUODolby Laboratories Inc-CL Ahistory →COMMON0.74%$47M711.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2021$8.3B98Jul 21, 202113F-HRchanges · EDGAR ↗
Q1 2021$7.2B104Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$7.1B106Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$6.4B108Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$6.5B105Jul 20, 202013F-HRchanges · EDGAR ↗
Q1 2020$5.6B105Apr 22, 202013F-HRchanges · EDGAR ↗
Q4 2019$7.6B102Jan 22, 202013F-HRchanges · EDGAR ↗
Q3 2019$7.6B105Oct 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$7.8B102Jul 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$7.5B101May 2, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.8B104Jan 29, 201913F-HRchanges · 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 ↗.