SEC 13F Intelligence

Managers / Q1 2019 · view latest →

MARATHON CAPITAL MANAGEMENT

CIK 0001213206 · 4 NORTH PARK DRIVE, SUITE 106, HUNT VALLEY, MD, 21030-1806 · 410-329-1522

Reported Value
$224M
Q1 2019
Positions
110
Filings on Record
32
2019–present window
Filed
May 15, 2019
original filing

Summary

Marathon Capital Management reported $224M in U.S.-listed holdings across 110 positions for Q1 2019.

The portfolio is heavily concentrated: TROW alone accounts for 53.5% of reported value.

Compared with Q4 2018, the fund opened 9 new positions and exited 9.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+66.4%
share of reported value
Largest Position
+53.5%
T Rowe Price
New / Exited
9 / 9
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: $201MQ4 ’18Q1 ’19: $224MQ2 ’19: $245MQ3 ’19: $248MQ4 ’19: $294MQ4 ’19Q1 ’20: $218MQ2 ’20: $260MQ3 ’20: $275MQ4 ’20: $339MQ4 ’20Q1 ’21: $379MQ2 ’21: $432MQ3 ’21: $441MQ4 ’21: $427MQ4 ’21Q1 ’22: $348MQ2 ’22: $310MQ3 ’22: $350MQ4 ’22: $363MQ4 ’22Q1 ’23: $406MQ2 ’23: $405MQ3 ’23: $397MQ4 ’23: $398MQ4 ’23Q1 ’24: $419MQ2 ’24: $392MQ3 ’24: $412MQ4 ’24: $400MQ4 ’24Q1 ’25: $375MQ2 ’25: $393MQ3 ’25: $437MQ4 ’25: $465MQ4 ’25Q1 ’26: $445Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.4%Other: 8.0%ADR: 2.7%REIT: 0.7%PUBLIC: 0.4%Other: 0.8%
  • Common Stock · 87.4% · $196M
  • Other · 8.0% · $18M
  • ADR · 2.7% · $6M
  • REIT · 0.7% · $2M
  • PUBLIC · 0.4% · $824,000
  • Other · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TTITetra TechnologiesNEW+297.9K297.9K+$697,000$697,000
Nabors Industries LtdNEW+196.0K196.0K+$674,000$674,000
SLBSchlumberger LtdNEW+14.1K14.1K+$612,000$612,000
Digimarc Corp NewNEW+8.4K8.4K+$264,000$264,000
KEYSKeysight TechnologiesNEW+2.6K2.6K+$225,000$225,000
MRSHMarsh & Mc Lennan Co IncNEW+2.3K2.3K+$214,000$214,000
PRUPrudential Financial IncNEW+2.3K2.3K+$209,000$209,000
DISDisney Walt Hldg CoNEW+1.9K1.9K+$208,000$208,000

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

Holdings — Q1 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM53.51%$120M1.20M
2ENPHEnphase Energy Inchistory →COM1.86%$4M450.5K
3AAPLApple Computer Inchistory →COM1.82%$4M21.4K
4MSFTMicrosoft Corphistory →COM1.48%$3M28.1K
5JNJJohnson & Johnsonhistory →COM1.40%$3M22.5K
6Glaxosmithkline Plc AdrfSPONSORED ADR1.33%$3M71.5K
7GLWCorning Inchistory →COM1.30%$3M87.7K
8DSKEUSDDaseke Inchistory →COM1.29%$3M569.3K
9QCOMQualcomm Inchistory →COM1.23%$3M48.2K
10Dowdupont IncCOM1.18%$3M49.8K
11CYEURCypress Semiconductrhistory →COM1.13%$3M169.2K
12BPBP Plc Adrhistory →SPONSORED ADR1.10%$2M56.4K
13Sprott Physical Gold & Silver Trust UnitCL A1.06%$2M191.6K
14MIC2USDMacquarie Infrastructurhistory →COM1.04%$2M56.5K
15ALAir Leasehistory →CL A1.02%$2M66.4K
16ABJAABB LimitedSPONSORED ADR0.94%$2M112.1K
17KNKnowles CorporationCOM0.92%$2M116.6K
18CRCMGBPCare Com IncCOM0.90%$2M102.2K
19METMetlife IncCOM0.89%$2M47.0K
20IBMIntl Business MachinesCOM0.87%$2M13.9K
21TRGPTarga Resources CorpCOM0.87%$2M46.7K
22GLUUGlu Mobile IncCOM0.84%$2M172.0K
23Kornit Digital Ltd.SHS0.80%$2M75.5K
24MDC1USDM D C Holding IncCOM0.80%$2M61.4K
25CELGCelgene CorpCOM0.77%$2M18.3K
26CVA1EURCovanta Holding CorpCOM0.76%$2M98.3K
27WYWeyerhaeuser CoCOM0.70%$2M59.9K
28ORBCOrbcomm IncCOM0.64%$1M209.8K
29Tower Semiconductor NewfSHS NEW0.63%$1M84.8K
30PGProcter & Gamble CoCOM0.62%$1M13.3K
31HDSNHudson Technologies IncCOM0.61%$1M711.8K
32RLHRed Lion Hotels CorpCOM0.57%$1M159.1K
33VODVodafone Group Plc AdrSPONSORED ADR0.57%$1M70.1K
34MGYMagnolia Oil & Gas CorpCL A0.55%$1M102.5K
35USBU.S. BancorpCOM NEW0.54%$1M25.1K
36Seagate TechnologySHS0.50%$1M23.6K
37ENZBEnzo Biochem IncCOM0.44%$987,000361.9K
38PSXPhillipsCOM0.44%$977,00010.3K
39CUI Global Inc NewCOM NEW0.42%$942,000799.1K
40MRKMerck & Co IncCOM0.40%$896,00010.8K
41Aegon Nv Ord Reg AmerNY REGISTRY SHS0.39%$871,000182.0K
42AMZNAmazon Com IncCOM0.38%$849,000477
43EFTTechtarget IncCOM0.38%$848,00052.1K
44Blackrock Resources &SHS0.36%$808,00098.9K
45Aquaventure Hldgs LdSHS0.35%$788,00040.8K
46Spartan Motors IncCOM0.34%$752,00085.2K
47BECNUSDBeacon Roofing SupplyCOM0.31%$704,00021.9K
48GOOGAlphabet Inc. Class CCAP STK CL C0.31%$702,000599
49TTITetra TechnologiesCOM0.31%$697,000297.9K
50Nabors Industries LtdSHS0.30%$674,000196.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$445M171May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$465M171Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$437M163Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$393M166Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$375M158May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$400M155Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$412M154Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$392M145Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$419M154May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$398M153Feb 14, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$397M158Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$405M156Aug 15, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$406M164May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$363M145Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$350M153Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$310M146Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$348M93May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$427M166Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$441M224Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$432M199Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$379M189May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$339M158Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$275M147Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$260M140Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$218M122May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$294M142Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$248M113Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$245M112Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$224M110May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$201M110Feb 7, 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 ↗.