SEC 13F Intelligence

Managers / Q1 2020 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$218M
Q1 2020
Positions
122
Filings on Record
32
2019–present window
Filed
May 15, 2020
original filing

Summary

Marathon Capital Management reported $218M in U.S.-listed holdings across 122 positions for Q1 2020.

The portfolio is heavily concentrated: TROW alone accounts for 50.2% of reported value.

Compared with Q4 2019, the fund opened 8 new positions and exited 28.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+66.0%
share of reported value
Largest Position
+50.2%
T Rowe Price
New / Exited
8 / 28
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: 4.7%ADR: 2.8%REIT: 1.0%PUBLIC: 0.9%Other: 0.6%
  • Common Stock · 90.1% · $196M
  • Other · 4.7% · $10M
  • ADR · 2.8% · $6M
  • REIT · 1.0% · $2M
  • PUBLIC · 0.9% · $2M
  • Other · 0.6% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ARCCAres Capital CorpNEW+156.6K156.6K+$2M$2M
PGNYProgyny IncNEW+29.3K29.3K+$621,000$621,000
RJR1Stereotaxis IncNEW+109.5K109.5K+$330,000$330,000
Euronav NvNEW+29.0K29.0K+$327,000$327,000
Copa Holdings Sa Cl ANEW+5.5K5.5K+$248,000$248,000
HDGEGBPAdvisorshares TRUST EtfNEW+31.0K31.0K+$214,000$214,000
XEJAccuray IncNEW+60.0K60.0K+$114,000$114,000
BMY-RBristol-Myers Squibb RtsNEW+13.3K13.3K+$50,000$50,000

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

Holdings — Q1 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM50.19%$109M1.12M
2ENPHEnphase Energy Inchistory →COM2.89%$6M194.7K
3AAPLApple Computer Inchistory →COM2.52%$5M21.6K
4JNJJohnson & Johnsonhistory →COM1.68%$4M27.9K
5BMYBristol-Myers Squibb Cohistory →COM1.67%$4M65.2K
6MSFTMicrosoft Corphistory →COM1.59%$3M21.9K
7GLWCorning Inchistory →COM1.50%$3M159.4K
8CVSC V S Corp Delhistory →COM1.35%$3M49.4K
9Glaxosmithkline Plc AdrfSPONSORED ADR1.31%$3M75.4K
10IBMIntl Business Machineshistory →COM1.28%$3M25.1K
11ACAArcosa Inchistory →COM1.28%$3M69.9K
12QCOMQualcomm Inchistory →COM1.19%$3M38.4K
13ABJAABB Limitedhistory →SPONSORED ADR1.04%$2M131.8K
14Limelight NetworksCOM1.02%$2M388.9K
15NOKNokia Corp Spon AdrSPONSORED ADR0.97%$2M679.9K
16BRK/BBerkshire Hathaway Cl BCL B NEW0.97%$2M11.5K
17ABBVAbbvie IncCOM0.95%$2M27.1K
18MDC1USDM D C Holding IncCOM0.88%$2M82.7K
19ZYMEUSDZymeworks IncCOM0.79%$2M48.7K
20ARCCAres Capital CorpCOM0.77%$2M156.6K
21USBU.S. BancorpCOM NEW0.71%$2M44.9K
22GX6T P I Composites IncCOM0.69%$2M102.1K
23PGProcter & Gamble CoCOM0.68%$1M13.4K
24KNKnowles CorporationCOM0.66%$1M108.0K
25HONGBPHoneywell InternationalCOM0.62%$1M10.0K
26BPBP Plc AdrSPONSORED ADR0.60%$1M53.4K
27AMZNAmazon Com IncCOM0.56%$1M627
28METMetlife IncCOM0.56%$1M39.6K
29PSXPhillipsCOM0.56%$1M22.6K
30CVA1EURCovanta Holding CorpCOM0.55%$1M141.3K
31Bank Of America7.25%CNV PFD L0.54%$1M933
32CHVChevrontexaco CorpCOM0.52%$1M15.7K
33WYWeyerhaeuser CoCOM0.51%$1M65.9K
34CYRXCryoport IncCOM PAR $0.0010.51%$1M65.3K
35Aegon Nv Ord Reg AmerNY REGISTRY SHS0.51%$1M446.1K
36Seagate TechnologySHS0.47%$1M21.0K
37MRKMerck & Co IncCOM0.45%$978,00012.7K
38EFTTechtarget IncCOM0.44%$964,00046.8K
39Spartan Motors IncCOM0.42%$904,00070.0K
40Kornit Digital Ltd.SHS0.42%$904,00036.4K
41ROKURoku Inc Cl ACOM CL A0.41%$883,00010.1K
42TPCTutor Perini CorpCOM0.41%$883,000131.4K
43TRGPTarga Resources CorpCOM0.38%$830,000120.2K
44BACVerizon CommunicationsCOM0.35%$759,00014.1K
45MPCMarathon Pete CorpCOM0.34%$747,00031.6K
46PEPPepsico IncorporatedCOM0.34%$731,0006.1K
47KOCoca Cola CompanyCOM0.33%$725,00016.4K
48Wells Fargo LPERP PFD CNV A0.33%$717,000563
49HDSNHudson Technologies IncCOM0.33%$713,0001.03M
50EXMOCExxon Mobil CorporationCOM0.33%$711,00018.7K

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 ↗.