SEC 13F Intelligence

Managers / Q1 2021 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$379M
Q1 2021
Positions
189
Filings on Record
32
2019–present window
Filed
May 14, 2021
original filing

Summary

Marathon Capital Management reported $379M in U.S.-listed holdings across 189 positions for Q1 2021.

The portfolio is heavily concentrated: TROW alone accounts for 40.5% of reported value.

Compared with Q4 2020, the fund opened 40 new positions and exited 9.

Portfolio Metrics

Turnover
+5.7%
vs prior filed quarter
Top-10 Concentration
+55.5%
share of reported value
Largest Position
+40.5%
T Rowe Price
New / Exited
40 / 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: 90.4%Other: 5.8%ADR: 1.6%REIT: 1.5%ETP: 0.6%Other: 0.2%
  • Common Stock · 90.4% · $343M
  • Other · 5.8% · $22M
  • ADR · 1.6% · $6M
  • REIT · 1.5% · $6M
  • ETP · 0.6% · $2M
  • Other · 0.2% · $841,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ALSNAllison TransmissionNEW+104.2K104.2K+$4M$4M
SCOR1EURComscore IncNEW+589.4K589.4K+$2M$2M
Agrify CorpNEW+137.3K137.3K+$2M$2M
QTM1EURQuantum Cp Dlt & StoNEW+138.4K138.4K+$1M$1M
PLABPhotronics IncNEW+72.7K72.7K+$935,000$935,000
AZPNUSDAspen Technology IncNEW+2.7K2.7K+$388,000$388,000
HALOHalozyme TherapeuticsNEW+8.1K8.1K+$336,000$336,000
ZBRAZebra TechnologiesNEW+666666+$323,000$323,000

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

Holdings — Q1 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM40.54%$154M896.2K
2ENPHEnphase Energy Inchistory →COM2.84%$11M66.5K
3GLWCorning Inchistory →COM1.72%$7M149.8K
4METMetlife Inchistory →COM1.71%$6M106.6K
5IBMIntl Business Machineshistory →COM1.60%$6M45.4K
6GX6T P I Composites Inchistory →COM1.54%$6M103.7K
7GRWGGrowgeneration Corphistory →COM1.47%$6M112.0K
8QTRXQuanterix Corphistory →COM1.40%$5M91.1K
9AAPLApple Computer Inchistory →COM1.35%$5M41.8K
10Avid Technology IncCOM1.31%$5M236.0K
11BMYBristol-Myers Squibb Cohistory →COM1.28%$5M77.0K
12DFSEURDiscover Financial Svcshistory →COM1.20%$5M47.9K
13QCOMQualcomm Inchistory →COM1.20%$5M34.2K
14TTITetra Technologieshistory →COM1.18%$4M1.86M
15JNJJohnson & Johnsonhistory →COM1.15%$4M26.5K
16MSFTMicrosoft Corphistory →COM1.13%$4M18.1K
17ALSNAllison Transmissionhistory →COM1.12%$4M104.2K
18MDC1USDM D C Holding Inchistory →COM1.08%$4M69.0K
19TPCTutor Perini Corphistory →COM1.06%$4M211.9K
20ABJAABB Limitedhistory →SPONSORED ADR1.00%$4M125.1K
21Glaxosmithkline Plc AdrfSPONSORED ADR1.00%$4M106.1K
22CVSC V S Corp DelCOM0.99%$4M49.9K
23SPARUSDShyft Group IncCOM0.90%$3M92.0K
24ABBVAbbvie IncCOM0.86%$3M30.0K
25ARCCAres Capital CorpCOM0.85%$3M173.2K
26Kornit Digital Ltd.SHS0.85%$3M32.6K
27ACAArcosa IncCOM0.78%$3M45.7K
28BRK/BBerkshire Hathaway Cl BCL B NEW0.76%$3M11.3K
29USBU.S. BancorpCOM NEW0.72%$3M49.3K
30LPROOpen Lending CorpCOM CL A0.69%$3M74.0K
31PSXPhillipsCOM0.69%$3M31.9K
32CNDTConduent Inc ComCOM0.66%$3M378.4K
33BLBDBlue Bird CorpCOM0.64%$2M97.3K
34CHVChevrontexaco CorpCOM0.64%$2M23.0K
35WYWeyerhaeuser CoCOM NEW0.60%$2M63.8K
36SCOR1EURComscore IncCOM0.57%$2M589.4K
37HONGBPHoneywell InternationalCOM0.54%$2M9.4K
38CYRXCryoport IncCOM PAR $0.0010.50%$2M36.4K
39MPCMarathon Pete CorpCOM0.47%$2M33.4K
40AMZNAmazon Com IncCOM0.47%$2M574
41PGProcter & Gamble CoCOM0.45%$2M12.7K
42Agrify CorpCOM0.45%$2M137.3K
43PGNYProgyny IncCOM0.44%$2M37.6K
44Euronav NvSHS0.43%$2M176.5K
45DOCUSDPhysicians Realty TrCOM0.42%$2M90.5K
46ZYMEUSDZymeworks IncCOM0.38%$1M45.6K
47CVA1EURCovanta Holding CorpCOM0.37%$1M100.6K
48Seagate TechnologySHS0.35%$1M17.5K
49TRGPTarga Resources CorpCOM0.35%$1M41.7K
50GOOGAlphabet Inc. Class CCAP STK CL C0.31%$1M562

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 ↗.