SEC 13F Intelligence

Managers / Q4 2019 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$294M
Q4 2019
Positions
142
Filings on Record
32
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Marathon Capital Management reported $294M in U.S.-listed holdings across 142 positions for Q4 2019.

The portfolio is heavily concentrated: TROW alone accounts for 47.2% of reported value.

Compared with Q3 2019, the fund opened 41 new positions and exited 12.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+61.9%
share of reported value
Largest Position
+47.2%
T Rowe Price
New / Exited
41 / 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: 90.1%Other: 4.8%ADR: 2.9%REIT: 1.0%PUBLIC: 0.5%Other: 0.7%
  • Common Stock · 90.1% · $265M
  • Other · 4.8% · $14M
  • ADR · 2.9% · $8M
  • REIT · 1.0% · $3M
  • PUBLIC · 0.5% · $2M
  • Other · 0.7% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CHVChevrontexaco CorpNEW+15.7K15.7K+$2M$2M
ALKAlaska Air Group IncNEW+16.1K16.1K+$1M$1M
CYRXCryoport IncNEW+65.0K65.0K+$1M$1M
BNSBank Of Nova ScotiaNEW+13.7K13.7K+$775,000$775,000
CINFCincinnati FinlNEW+6.9K6.9K+$721,000$721,000
BMOBank Montreal QuebecNEW+8.6K8.6K+$664,000$664,000
S76Store Capital CorpNEW+15.4K15.4K+$572,000$572,000
PNCPnc Finl Services Gp IncNEW+3.5K3.5K+$553,000$553,000

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

Holdings — Q4 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM47.23%$139M1.14M
2ENPHEnphase Energy Inchistory →COM3.00%$9M338.1K
3AAPLApple Computer Inchistory →COM2.76%$8M27.6K
4GLWCorning Inchistory →COM1.52%$4M153.4K
5JNJJohnson & Johnsonhistory →COM1.44%$4M29.0K
6MSFTMicrosoft Corphistory →COM1.28%$4M23.9K
7Glaxosmithkline Plc AdrfSPONSORED ADR1.21%$4M75.6K
8QCOMQualcomm Inchistory →COM1.15%$3M38.3K
9CVSC V S Corp Delhistory →COM1.14%$3M45.3K
10ABJAABB Limitedhistory →SPONSORED ADR1.14%$3M139.0K
11BMYBristol-Myers Squibb Cohistory →COM1.14%$3M52.0K
12MDC1USDM D C Holding Inchistory →COM1.13%$3M87.2K
13ACAArcosa Inchistory →COM1.10%$3M72.5K
14ALAir LeaseCL A0.93%$3M57.6K
15Aquaventure Hldgs LdSHS0.93%$3M100.4K
16USBU.S. BancorpCOM NEW0.91%$3M45.1K
17TRGPTarga Resources CorpCOM0.90%$3M64.9K
18BRK/BBerkshire Hathaway Cl BCL B NEW0.87%$3M11.3K
19NOKNokia Corp Spon AdrSPONSORED ADR0.85%$3M676.3K
20PSXPhillipsCOM0.84%$2M22.1K
21KNKnowles CorporationCOM0.84%$2M116.3K
22ABBVAbbvie IncCOM0.79%$2M26.1K
23ZYMEUSDZymeworks IncCOM0.76%$2M49.3K
24METMetlife IncCOM0.71%$2M41.0K
25BPBP Plc AdrSPONSORED ADR0.70%$2M54.6K
26CVA1EURCovanta Holding CorpCOM0.67%$2M132.2K
27IBMIntl Business MachinesCOM0.66%$2M14.4K
28WYWeyerhaeuser CoCOM0.66%$2M63.9K
29CHVChevrontexaco CorpCOM0.64%$2M15.7K
30GX6T P I Composites IncCOM0.63%$2M100.6K
31MPCMarathon Pete CorpCOM0.62%$2M30.1K
32HONGBPHoneywell InternationalCOM0.61%$2M10.1K
33PGProcter & Gamble CoCOM0.57%$2M13.5K
34Limelight NetworksCOM0.55%$2M396.0K
35TPCTutor Perini CorpCOM0.55%$2M124.7K
36MIC2USDMacquarie InfrastructurCOM0.52%$2M35.8K
37ROKURoku Inc Cl ACOM CL A0.51%$1M11.1K
38Seagate TechnologySHS0.47%$1M23.3K
39EXMOCExxon Mobil CorporationCOM0.46%$1M19.2K
40EFTTechtarget IncCOM0.44%$1M50.0K
41Spartan Motors IncCOM0.43%$1M70.2K
42Kornit Digital Ltd.SHS0.43%$1M36.5K
43MRKMerck & Co IncCOM0.41%$1M13.4K
44AMZNAmazon Com IncCOM0.40%$1M642
45MGYMagnolia Oil & Gas CorpCL A0.39%$1M90.9K
46SBUXStarbucks CorpCOM0.38%$1M12.6K
47YETIYeti Holdings IncorporatCOM0.37%$1M31.6K
48ALKAlaska Air Group IncCOM0.37%$1M16.1K
49Aegon Nv Ord Reg AmerNY REGISTRY SHS0.36%$1M236.6K
50CYRXCryoport IncCOM PAR $0.0010.36%$1M65.0K

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 ↗.