SEC 13F Intelligence

Managers / Q3 2019 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$248M
Q3 2019
Positions
113
Filings on Record
32
2019–present window
Filed
Nov 13, 2019
original filing

Summary

Marathon Capital Management reported $248M in U.S.-listed holdings across 113 positions for Q3 2019.

The portfolio is heavily concentrated: TROW alone accounts for 54.4% of reported value.

Compared with Q2 2019, the fund opened 13 new positions and exited 12.

Portfolio Metrics

Turnover
+6.3%
vs prior filed quarter
Top-10 Concentration
+68.1%
share of reported value
Largest Position
+54.4%
T Rowe Price
New / Exited
13 / 12
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: 89.1%Other: 6.0%ADR: 3.3%REIT: 0.7%PUBLIC: 0.4%Other: 0.6%
  • Common Stock · 89.1% · $221M
  • Other · 6.0% · $15M
  • ADR · 3.3% · $8M
  • REIT · 0.7% · $2M
  • PUBLIC · 0.4% · $944,000
  • Other · 0.6% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ACAArcosa IncNEW+72.5K72.5K+$2M$2M
TPCTutor Perini CorpNEW+83.0K83.0K+$1M$1M
Limelight NetworksNEW+311.6K311.6K+$944,000$944,000
YETIYeti Holdings IncorporatNEW+28.4K28.4K+$797,000$797,000
ABBVAbbvie IncNEW+8.9K8.9K+$675,000$675,000
KSUEURKansas City SouthernNEW+1.6K1.6K+$216,000$216,000
MUMicron Technology IncNEW+5.0K5.0K+$214,000$214,000
AMGNAmgen IncorporatedNEW+1.1K1.1K+$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 — Q3 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM54.38%$135M1.18M
2ENPHEnphase Energy Inchistory →COM3.01%$7M336.3K
3AAPLApple Computer Inchistory →COM1.89%$5M20.9K
4QCOMQualcomm Inchistory →COM1.44%$4M46.8K
5MSFTMicrosoft Corphistory →COM1.43%$4M25.5K
6GLWCorning Inchistory →COM1.33%$3M115.8K
7Glaxosmithkline Plc AdrfSPONSORED ADR1.22%$3M71.0K
8JNJJohnson & Johnsonhistory →COM1.17%$3M22.4K
9CVSC V S Corp Delhistory →COM1.14%$3M44.9K
10Sprott Physical Gold & Silver Trust UnitCL A1.08%$3M189.7K
11ALAir Leasehistory →CL A1.03%$3M60.8K
12TRGPTarga Resources Corphistory →COM1.02%$3M63.1K
13ACAArcosa Inchistory →COM1.00%$2M72.5K
14KNKnowles CorporationCOM0.98%$2M120.0K
15MDC1USDM D C Holding IncCOM0.98%$2M56.4K
16NOKNokia Corp Spon AdrSPONSORED ADR0.97%$2M474.9K
17ABJAABB LimitedSPONSORED ADR0.96%$2M121.0K
18Kornit Digital Ltd.SHS0.92%$2M74.3K
19BPBP Plc AdrSPONSORED ADR0.85%$2M55.2K
20IBMIntl Business MachinesCOM0.81%$2M13.8K
21METMetlife IncCOM0.78%$2M40.8K
22WYWeyerhaeuser CoCOM0.71%$2M63.6K
23CELGCelgene CorpCOM0.70%$2M17.4K
24Aquaventure Hldgs LdSHS0.66%$2M84.8K
25PGProcter & Gamble CoCOM0.65%$2M12.9K
26CVA1EURCovanta Holding CorpCOM0.64%$2M92.4K
27MIC2USDMacquarie InfrastructurCOM0.62%$2M39.3K
28GX6T P I Composites IncCOM0.60%$1M79.5K
29ROKURoku Inc Cl ACOM CL A0.58%$1M14.1K
30USBU.S. BancorpCOM NEW0.57%$1M25.4K
31ZYMEUSDZymeworks IncCOM0.52%$1M52.4K
32Seagate TechnologySHS0.51%$1M23.3K
33PSXPhillipsCOM0.49%$1M11.9K
34VODVodafone Group Plc AdrSPONSORED ADR0.49%$1M60.9K
35TPCTutor Perini CorpCOM0.48%$1M83.0K
36DSKEUSDDaseke IncCOM0.47%$1M466.7K
37EFTTechtarget IncCOM0.46%$1M50.8K
38TTITetra TechnologiesCOM0.44%$1M544.5K
39BMYBristol-Myers Squibb CoCOM0.43%$1M21.0K
40MGYMagnolia Oil & Gas CorpCL A0.42%$1M94.3K
41Spartan Motors IncCOM0.39%$974,00071.0K
42Limelight NetworksCOM0.38%$944,000311.6K
43MRKMerck & Co IncCOM0.36%$897,00010.7K
44AMZNAmazon Com IncCOM0.33%$807,000465
45YETIYeti Holdings IncorporatCOM0.32%$797,00028.4K
46BECNUSDBeacon Roofing SupplyCOM0.30%$749,00022.3K
47GOOGAlphabet Inc. Class CCAP STK CL C0.29%$730,000599
48Blackrock Resources &SHS0.29%$712,00095.2K
49ENZBEnzo Biochem IncCOM0.28%$697,000193.6K
50Aegon Nv Ord Reg AmerNY REGISTRY SHS0.27%$680,000164.7K

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 ↗.