SEC 13F Intelligence

Managers / Q4 2020 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$339M
Q4 2020
Positions
158
Filings on Record
32
2019–present window
Filed
Feb 8, 2021
original filing

Summary

Marathon Capital Management reported $339M in U.S.-listed holdings across 158 positions for Q4 2020.

The portfolio is heavily concentrated: TROW alone accounts for 41.0% of reported value.

Compared with Q3 2020, the fund opened 15 new positions and exited 4.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+56.6%
share of reported value
Largest Position
+41.0%
T Rowe Price
New / Exited
15 / 4
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: 89.2%Other: 5.9%ADR: 2.5%REIT: 1.5%ETP: 0.6%Other: 0.2%
  • Common Stock · 89.2% · $303M
  • Other · 5.9% · $20M
  • ADR · 2.5% · $8M
  • REIT · 1.5% · $5M
  • ETP · 0.6% · $2M
  • Other · 0.2% · $708,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FNFFidelity Natl Finl IncNEW+120.8K120.8K+$5M$5M
China Mobile Ltd AdrNEW+93.5K93.5K+$3M$3M
LPROOpen Lending CorpNEW+64.9K64.9K+$2M$2M
CNDTConduent Inc ComNEW+379.8K379.8K+$2M$2M
Liberty Media CorpNEW+6.0K6.0K+$259,000$259,000
DWDMorgan StanleyNEW+3.7K3.7K+$253,000$253,000
MLMMartin Marietta MatrlsNEW+815815+$231,000$231,000
SYKStryker CorpNEW+945945+$231,000$231,000

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

Holdings — Q4 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM40.98%$139M918.4K
2ENPHEnphase Energy Inchistory →COM3.49%$12M67.6K
3GRWGGrowgeneration Corphistory →COM1.66%$6M140.3K
4AAPLApple Computer Inchistory →COM1.62%$6M41.5K
5GX6T P I Composites Inchistory →COM1.57%$5M100.6K
6GLWCorning Inchistory →COM1.53%$5M144.2K
7IBMIntl Business Machineshistory →COM1.46%$5M39.5K
8METMetlife Inchistory →COM1.45%$5M104.7K
9QCOMQualcomm Inchistory →COM1.43%$5M32.0K
10FNFFidelity Natl Finl Inchistory →FNF GROUP COM1.39%$5M120.8K
11DFSEURDiscover Financial Svcshistory →COM1.28%$4M47.9K
12QTRXQuanterix Corphistory →COM1.27%$4M92.6K
13BMYBristol-Myers Squibb Cohistory →COM1.22%$4M66.8K
14JNJJohnson & Johnsonhistory →COM1.19%$4M25.6K
15MSFTMicrosoft Corphistory →COM1.18%$4M18.1K
16Avid Technology IncCOM1.15%$4M246.8K
17Glaxosmithkline Plc AdrfSPONSORED ADR1.09%$4M100.9K
18ACAArcosa Inchistory →COM1.04%$4M64.4K
19CVSC V S Corp DelCOM0.96%$3M47.5K
20ABJAABB LimitedSPONSORED ADR0.93%$3M113.3K
21ABBVAbbvie IncCOM0.90%$3M28.7K
22MDC1USDM D C Holding IncCOM0.90%$3M63.1K
23ARCCAres Capital CorpCOM0.85%$3M170.1K
24Kornit Digital Ltd.SHS0.80%$3M30.5K
25China Mobile Ltd AdrSPONSORED ADR0.79%$3M93.5K
26TPCTutor Perini CorpCOM0.78%$3M205.4K
27Translate Bio IncCOM0.78%$3M143.3K
28BRK/BBerkshire Hathaway Cl BCL B NEW0.76%$3M11.1K
29SPARUSDShyft Group IncCOM0.76%$3M91.0K
30ROKURoku Inc Cl ACOM CL A0.70%$2M7.2K
31LPROOpen Lending CorpCOM CL A0.67%$2M64.9K
32USBU.S. BancorpCOM NEW0.65%$2M47.4K
33PSXPhillipsCOM0.64%$2M30.8K
34CHVChevrontexaco CorpCOM0.60%$2M24.2K
35WYWeyerhaeuser CoCOM NEW0.60%$2M60.4K
36NOKNokia Corp Spon AdrSPONSORED ADR0.60%$2M517.2K
37HONGBPHoneywell InternationalCOM0.59%$2M9.5K
38AMZNAmazon Com IncCOM0.56%$2M586
39ZYMEUSDZymeworks IncCOM0.55%$2M39.4K
40CNDTConduent Inc ComCOM0.54%$2M379.8K
41BLBDBlue Bird CorpCOM0.52%$2M96.6K
42CYRXCryoport IncCOM PAR $0.0010.51%$2M39.7K
43PGProcter & Gamble CoCOM0.51%$2M12.5K
44DOCUSDPhysicians Realty TrCOM0.46%$2M88.3K
45PGNYProgyny IncCOM0.45%$2M35.8K
46MPCMarathon Pete CorpCOM0.44%$2M36.3K
47Euronav NvSHS0.42%$1M177.7K
48CVA1EURCovanta Holding CorpCOM0.39%$1M100.7K
49Limelight NetworksCOM0.38%$1M325.3K
50KNKnowles CorporationCOM0.37%$1M68.8K

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 ↗.