Managers / Q2 2021 · view latest →
MARATHON CAPITAL MANAGEMENT
CIK 0001213206 · 4 NORTH PARK DRIVE, SUITE 106, HUNT VALLEY, MD, 21030-1806 · 410-329-1522
Reported Value
$432M
Q2 2021
Positions
199
Filings on Record
32
2019–present window
Filed
Aug 16, 2021
original filing
Summary
Marathon Capital Management reported $432M in U.S.-listed holdings across 199 positions for Q2 2021.
The portfolio is heavily concentrated: TROW alone accounts for 40.7% of reported value.
Compared with Q1 2021, the fund opened 13 new positions and exited 4.
Portfolio Metrics
Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+55.2%
share of reported value
Largest Position
+40.7%
T Rowe Price
New / Exited
13 / 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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Portfolio Composition
By security type
- Common Stock · 91.0% · $393M
- Other · 5.6% · $24M
- ADR · 1.6% · $7M
- REIT · 1.2% · $5M
- ETP · 0.5% · $2M
- Closed-End Fund · 0.1% · $610,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FHNFirst Horizon Corp | NEW | +218.9K | 218.9K | +$4M | $4M |
| CECOCeco Environmental | NEW | +156.2K | 156.2K | +$1M | $1M |
| AMDAdvanced Micro Devices | NEW | +7.7K | 7.7K | +$723,000 | $723,000 |
| TSLATesla Motors Inc | NEW | +500 | 500 | +$339,000 | $339,000 |
| ALKAlaska Air Group Inc | NEW | +4.5K | 4.5K | +$268,000 | $268,000 |
| NVDANvidia Corp | NEW | +330 | 330 | +$264,000 | $264,000 |
| RCKTRocket Pharmaceuticals I | NEW | +5.7K | 5.7K | +$251,000 | $251,000 |
| TIPTTiptree Inc | NEW | +24.6K | 24.6K | +$228,000 | $228,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2021
198 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TROWT Rowe Price Group Inchistory → | COM | 40.72% | $176M | 888.5K |
| 2 | ENPHEnphase Energy Inchistory → | COM | 2.55% | $11M | 60.0K |
| 3 | Avid Technology Inc | COM | 2.04% | $9M | 225.1K |
| 4 | TTITetra Technologieshistory → | COM | 1.74% | $8M | 1.73M |
| 5 | IBMIntl Business Machineshistory → | COM | 1.54% | $7M | 45.4K |
| 6 | METMetlife Inchistory → | COM | 1.47% | $6M | 106.4K |
| 7 | GLWCorning Inchistory → | COM | 1.39% | $6M | 147.2K |
| 8 | AAPLApple Computer Inchistory → | COM | 1.33% | $6M | 41.9K |
| 9 | Discover Financial Svcs | COM | 1.24% | $5M | 45.1K |
| 10 | QTRXQuanterix Corphistory → | COM | 1.23% | $5M | 90.6K |
| 11 | GRWGGrowgeneration Corphistory → | COM | 1.23% | $5M | 110.2K |
| 12 | BMYBristol-Myers Squibb Cohistory → | COM | 1.18% | $5M | 76.2K |
| 13 | T P I Composites Inc | COM | 1.15% | $5M | 102.8K |
| 14 | MSFTMicrosoft Corphistory → | COM | 1.15% | $5M | 18.3K |
| 15 | QCOMQualcomm Inchistory → | COM | 1.11% | $5M | 33.7K |
| 16 | JNJJohnson & Johnson | COM | 0.99% | $4M | 26.1K |
| 17 | ALSNAllison Transmission | COM | 0.99% | $4M | 107.8K |
| 18 | Glaxosmithkline Plc Adrf | SPONSORED ADR | 0.98% | $4M | 105.8K |
| 19 | CVSC V S Corp Del | COM | 0.96% | $4M | 49.8K |
| 20 | ABBNYABB Limited | SPONSORED ADR | 0.96% | $4M | 122.2K |
| 21 | Kornit Digital Ltd. | SHS | 0.93% | $4M | 32.3K |
| 22 | FHNFirst Horizon Corp | COM | 0.88% | $4M | 218.9K |
| 23 | MRKMerck & Co Inc | COM | 0.85% | $4M | 47.3K |
| 24 | Shyft Group Inc | COM | 0.82% | $4M | 94.9K |
| 25 | ABXBarrick Gold Corp | COM | 0.82% | $4M | 171.4K |
| 26 | ABBVAbbvie Inc | COM | 0.78% | $3M | 29.9K |
| 27 | ARCCAres Capital Corp | COM | 0.77% | $3M | 169.4K |
| 28 | M D C Holding Inc | COM | 0.76% | $3M | 65.3K |
| 29 | LPROOpen Lending Corp | COM CL A | 0.74% | $3M | 74.0K |
| 30 | BRK/BBerkshire Hathaway Cl B | CL B NEW | 0.72% | $3M | 11.2K |
| 31 | Comscore Inc | COM | 0.69% | $3M | 591.9K |
| 32 | TPCTutor Perini Corp | COM | 0.68% | $3M | 211.1K |
| 33 | CNDTConduent Inc Com | COM | 0.65% | $3M | 377.1K |
| 34 | USBU.S. Bancorp | COM NEW | 0.65% | $3M | 49.3K |
| 35 | PSXPhillips | COM | 0.63% | $3M | 31.9K |
| 36 | ACAArcosa Inc | COM | 0.62% | $3M | 45.4K |
| 37 | CVXChevrontexaco Corp | COM | 0.56% | $2M | 23.2K |
| 38 | BLBDBlue Bird Corp | COM | 0.56% | $2M | 97.9K |
| 39 | GOOGAlphabet Inc. Class C | CAP STK CL C · CAP STK CL A | 0.56% | $2M | 971 |
| 40 | CYRXCryoport Inc | COM PAR $0.001 | 0.53% | $2M | 36.5K |
| 41 | PGNYProgyny Inc | COM | 0.51% | $2M | 37.1K |
| 42 | WYWeyerhaeuser Co | COM NEW | 0.49% | $2M | 61.3K |
| 43 | HONHoneywell International | COM | 0.47% | $2M | 9.3K |
| 44 | AMZNAmazon Com Inc | COM | 0.47% | $2M | 591 |
| 45 | MPCMarathon Pete Corp | COM | 0.46% | $2M | 33.2K |
| 46 | Agrify Corp | COM | 0.46% | $2M | 168.4K |
| 47 | Covanta Holding Corp | COM | 0.40% | $2M | 97.6K |
| 48 | TRGPTarga Resources Corp | COM | 0.40% | $2M | 38.5K |
| 49 | PGProcter & Gamble Co | COM | 0.40% | $2M | 12.7K |
| 50 | Euronav Nv | SHS | 0.38% | $2M | 178.3K |
| 51 | Physicians Realty Tr | COM | 0.38% | $2M | 89.5K |
| 52 | Zymeworks Inc | COM | 0.37% | $2M | 45.8K |
| 53 | STXSStereotaxis Inc | COM NEW | 0.33% | $1M | 147.3K |
| 54 | NOKNokia Corp Spon Adr | SPONSORED ADR | 0.31% | $1M | 255.2K |
| 55 | PLABPhotronics Inc | COM | 0.30% | $1M | 99.7K |
| 56 | Quantum Cp Dlt & Sto | COM NEW | 0.28% | $1M | 174.9K |
| 57 | ILMNIllumina Inc | COM | 0.27% | $1M | 2.5K |
| 58 | CECOCeco Environmental | COM | 0.26% | $1M | 156.2K |
| 59 | HDSNHudson Technologies Inc | COM | 0.26% | $1M | 326.8K |
| 60 | Aegon Nv Ord Reg Amer | NY REGISTRY SHS | 0.23% | $977,000 | 236.7K |
| 61 | Maxar Technologies Inc | COM | 0.22% | $958,000 | 24.0K |
| 62 | EXMOCExxon Mobil Corporation | COM | 0.21% | $912,000 | 14.5K |
| 63 | PEPPepsico Incorporated | COM | 0.21% | $910,000 | 6.1K |
| 64 | SBUXStarbucks Corp | COM | 0.21% | $890,000 | 8.0K |
| 65 | VZVerizon Communications | COM | 0.20% | $846,000 | 15.1K |
| 66 | CTVACorteva Inc | COM | 0.19% | $819,000 | 18.5K |
| 67 | KOCoca Cola Company | COM | 0.19% | $809,000 | 15.0K |
| 68 | SIGSignet Jewelers Ltd | SHS | 0.19% | $807,000 | 10.0K |
| 69 | CINFCincinnati Finl | COM | 0.19% | $800,000 | 6.9K |
| 70 | PYPLPaypal Holdings Inco | COM | 0.18% | $797,000 | 2.7K |
| 71 | IBBIshares Tr Nasdaq Biotech | ISHARES BIOTECH | 0.18% | $787,000 | 4.8K |
| 72 | LSCCLattice Semiconductor Cp | COM | 0.18% | $786,000 | 14.0K |
| 73 | BMOBank Montreal Quebec | COM | 0.17% | $751,000 | 7.3K |
| 74 | Store Capital Corp | COM | 0.17% | $736,000 | 21.4K |
| 75 | AMDAdvanced Micro Devices | COM | 0.17% | $723,000 | 7.7K |
| 76 | PNCPnc Finl Services Gp Inc | COM | 0.16% | $681,000 | 3.6K |
| 77 | ARAntero Resources Cor | COM | 0.16% | $676,000 | 45.0K |
| 78 | DHRDanaher Corp Del | COM | 0.16% | $670,000 | 2.5K |
| 79 | Bed Bath & Beyond | COM | 0.15% | $665,000 | 20.0K |
| 80 | PLDPrologis Inc | COM | 0.15% | $661,000 | 5.5K |
| 81 | SLBSchlumberger Ltd | COM STK | 0.15% | $652,000 | 20.4K |
| 82 | TMOThermo Electron Corp | COM | 0.15% | $630,000 | 1.3K |
| 83 | LLYLilly Eli & Company | COM | 0.14% | $625,000 | 2.7K |
| 84 | ROKURoku Inc Cl A | COM CL A | 0.14% | $615,000 | 1.3K |
| 85 | ALLAllstate Corporation | COM | 0.14% | $614,000 | 4.7K |
| 86 | BCXBlackrock Resources & | SHS | 0.14% | $610,000 | 64.8K |
| 87 | JPMJ P Morgan Chase & Co | COM | 0.14% | $597,000 | 3.8K |
| 88 | ABTAbbott Laboratories | COM | 0.13% | $580,000 | 5.0K |
| 89 | MUMicron Technology Inc | COM | 0.13% | $575,000 | 6.8K |
| 90 | BPBP Plc Adr | SPONSORED ADR | 0.13% | $560,000 | 21.2K |
| 91 | HDHome Depot Inc | COM | 0.12% | $528,000 | 1.7K |
| 92 | DISDisney Walt Hldg Co | COM | 0.12% | $528,000 | 3.0K |
| 93 | PBIPitney Bowes Inc | COM | 0.12% | $526,000 | 60.0K |
| 94 | Enviva Partners Lp Lp | COM UNIT | 0.12% | $524,000 | 10.0K |
| 95 | BNSBank Of Nova Scotia | COM | 0.12% | $513,000 | 7.9K |
| 96 | Westport Innovations New | COM NEW | 0.12% | $503,000 | 94.9K |
| 97 | ARAYAccuray Inc | COM | 0.12% | $497,000 | 110.0K |
| 98 | LOWLowes Companies Inc | COM | 0.11% | $490,000 | 2.5K |
| 99 | MCDMc Donalds Corp | COM | 0.11% | $474,000 | 2.1K |
| 100 | BNYBank Of New York Co Inc | COM | 0.11% | $471,000 | 9.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $445M | 171 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $465M | 171 | Jan 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $437M | 163 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $393M | 166 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $375M | 158 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $400M | 155 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $412M | 154 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $392M | 145 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $419M | 154 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $398M | 153 | Feb 14, 2024 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2023 | $397M | 158 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $405M | 156 | Aug 15, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2023 | $406M | 164 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $363M | 145 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $350M | 153 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $310M | 146 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $348M | 93 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $427M | 166 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $441M | 224 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $432M | 199 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $379M | 189 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $339M | 158 | Feb 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $275M | 147 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $260M | 140 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $218M | 122 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $294M | 142 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $248M | 113 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $245M | 112 | Jul 25, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $224M | 110 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $201M | 110 | Feb 7, 2019 | 13F-HR | changes · 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 ↗.