SEC 13F Intelligence

Managers / Q3 2020 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$275M
Q3 2020
Positions
147
Filings on Record
32
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Marathon Capital Management reported $275M in U.S.-listed holdings across 147 positions for Q3 2020.

The portfolio is heavily concentrated: TROW alone accounts for 43.8% of reported value.

Compared with Q2 2020, the fund opened 16 new positions and exited 9.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+58.8%
share of reported value
Largest Position
+43.8%
T Rowe Price
New / Exited
16 / 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: 88.6%Other: 5.7%ADR: 2.4%REIT: 1.7%ETP: 0.8%Other: 0.9%
  • Common Stock · 88.6% · $243M
  • Other · 5.7% · $16M
  • ADR · 2.4% · $7M
  • REIT · 1.7% · $5M
  • ETP · 0.8% · $2M
  • Other · 0.9% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DFSEURDiscover Financial SvcsNEW+48.6K48.6K+$3M$3M
Avid Technology IncNEW+203.5K203.5K+$2M$2M
BLBDBlue Bird CorpNEW+82.1K82.1K+$997,000$997,000
Translate Bio IncNEW+68.1K68.1K+$926,000$926,000
ILMNIllumina IncNEW+2.2K2.2K+$687,000$687,000
ALSAllstate CorporationNEW+4.8K4.8K+$453,000$453,000
NEENextEra EneryNEW+1.2K1.2K+$338,000$338,000
DYHTarget CorporationNEW+1.5K1.5K+$233,000$233,000

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

Holdings — Q3 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM43.81%$120M938.6K
2ENPHEnphase Energy Inchistory →COM2.85%$8M94.8K
3AAPLApple Computer Inchistory →COM1.79%$5M42.4K
4GLWCorning Inchistory →COM1.74%$5M147.2K
5Glaxosmithkline Plc AdrfSPONSORED ADR1.55%$4M113.4K
6METMetlife Inchistory →COM1.45%$4M107.0K
7QCOMQualcomm Inchistory →COM1.44%$4M33.6K
8JNJJohnson & Johnsonhistory →COM1.41%$4M26.0K
9MSFTMicrosoft Corphistory →COM1.40%$4M18.3K
10BMYBristol-Myers Squibb Cohistory →COM1.38%$4M63.0K
11MDC1USDM D C Holding Inchistory →COM1.18%$3M68.9K
12GX6T P I Composites Inchistory →COM1.15%$3M109.5K
13ABJAABB Limitedhistory →SPONSORED ADR1.11%$3M119.4K
14ACAArcosa Inchistory →COM1.09%$3M67.6K
15IBMIntl Business Machineshistory →COM1.08%$3M24.3K
16CVSC V S Corp Delhistory →COM1.03%$3M48.5K
17DFSEURDiscover Financial Svcshistory →COM1.02%$3M48.6K
18QTRXQuanterix CorpCOM0.96%$3M78.0K
19GRWGGrowgeneration CorpCOM0.92%$3M158.9K
20NOKNokia Corp Spon AdrSPONSORED ADR0.92%$3M645.9K
21TPCTutor Perini CorpCOM0.89%$2M219.9K
22BRK/BBerkshire Hathaway Cl BCL B NEW0.87%$2M11.3K
23ABBVAbbvie IncCOM0.87%$2M27.3K
24CYRXCryoport IncCOM PAR $0.0010.81%$2M46.9K
25ARCCAres Capital CorpCOM0.81%$2M158.8K
26Kornit Digital Ltd.SHS0.80%$2M33.9K
27ZYMEUSDZymeworks IncCOM0.78%$2M46.0K
28Limelight NetworksCOM0.77%$2M365.8K
29AMZNAmazon Com IncCOM0.68%$2M593
30PGProcter & Gamble CoCOM0.66%$2M13.0K
31WYWeyerhaeuser CoCOM NEW0.65%$2M63.1K
32USBU.S. BancorpCOM NEW0.65%$2M49.5K
33Avid Technology IncCOM0.63%$2M203.5K
34SPARUSDShyft Group IncCOM0.63%$2M91.8K
35ROKURoku Inc Cl ACOM CL A0.62%$2M9.0K
36DOCUSDPhysicians Realty TrCOM0.60%$2M91.8K
37HONGBPHoneywell InternationalCOM0.58%$2M9.7K
38CHVChevrontexaco CorpCOM0.54%$1M20.6K
39PSXPhillipsCOM0.53%$1M28.2K
40Bank Of America7.25%CNV PFD L0.50%$1M914
41Euronav NvSHS0.48%$1M148.2K
42KNKnowles CorporationCOM0.47%$1M86.1K
43HDSNHudson Technologies IncCOM0.41%$1M974.9K
44PGNYProgyny IncCOM0.40%$1M37.4K
45TTITetra TechnologiesCOM0.38%$1M2.07M
46MRKMerck & Co IncCOM0.37%$1M12.3K
47BLBDBlue Bird CorpCOM0.36%$997,00082.1K
48Seagate TechnologySHS0.35%$963,00019.6K
49Translate Bio IncCOM0.34%$926,00068.1K
50CVA1EURCovanta Holding CorpCOM0.33%$903,000116.6K

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 ↗.