SEC 13F Intelligence

Managers / Q1 2022 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$348M
Q1 2022
Positions
93
Filings on Record
32
2019–present window
Filed
May 13, 2022
original filing

Summary

Marathon Capital Management reported $348M in U.S.-listed holdings across 93 positions for Q1 2022.

The portfolio is heavily concentrated: TROW alone accounts for 37.9% of reported value.

Compared with Q4 2021, the fund opened 7 new positions and exited 80.

Portfolio Metrics

Turnover
+7.8%
vs prior filed quarter
Top-10 Concentration
+55.5%
share of reported value
Largest Position
+37.9%
T Rowe Price
New / Exited
7 / 80
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: 89.7%Other: 6.4%ADR: 1.4%REIT: 1.3%ETP: 0.9%Other: 0.2%
  • Common Stock · 89.7% · $313M
  • Other · 6.4% · $22M
  • ADR · 1.4% · $5M
  • REIT · 1.3% · $5M
  • ETP · 0.9% · $3M
  • Other · 0.2% · $675,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FNFFidelity Natl Finl IncNEW+121.6K121.6K+$6M$6M
GQ9Streetracks Gold TRUSTNEW+15.6K15.6K+$3M$3M
Stratasys LtdNEW+57.5K57.5K+$1M$1M
BDCBelden Cdt IncNEW+24.0K24.0K+$1M$1M
Ishares Ibonds TermNEW+31.0K31.0K+$778,000$778,000
NNDMNano Dimension LtdNEW+25.0K25.0K+$89,000$89,000
Greenlane Holdings IncNEW+19.0K19.0K+$11,000$11,000
ABXBarrick Gold Corp Com Npv Isin #ca067901ADDED+171.4K185.0K+$4M$5M

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

Holdings — Q1 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM37.92%$132M873.7K
2ENPHEnphase Energy Inchistory →COM2.80%$10M48.4K
3METMetlife Inchistory →COM2.12%$7M105.0K
4TTITetra Technologieshistory →COM2.02%$7M1.71M
5AAPLApple Computer Inchistory →COM2.02%$7M40.3K
6BMYBristol-Myers Squibb Cohistory →COM1.92%$7M91.4K
7IBMIntl Business Machineshistory →COM1.74%$6M46.6K
8FNFFidelity Natl Finl Inchistory →FNF GROUP COM1.70%$6M121.6K
9INVNIdentive Inchistory →COM NEW1.69%$6M364.5K
10GLWCorning Inchistory →COM1.60%$6M150.7K
11Avid Technology IncCOM1.57%$5M157.2K
12QCOMQualcomm Inchistory →COM1.50%$5M34.3K
13MSFTMicrosoft Corphistory →COM1.49%$5M16.8K
14FT2First Horizon Corphistory →COM1.40%$5M208.0K
15ABBVAbbvie Inchistory →COM1.37%$5M29.5K
16ALSNAllison Transmissionhistory →COM1.36%$5M120.2K
17JNJJohnson & Johnsonhistory →COM1.35%$5M26.5K
18Glaxosmithkline Plc AdrfSPONSORED ADR1.31%$5M104.7K
19ABXBarrick Gold Corp Com Npv Isin #ca067901history →COM1.30%$5M185.0K
20BRK/BBerkshire Hathaway Cl Bhistory →CL B NEW1.26%$4M12.4K
21AAWWUSDAtlas Air Worldwide Hldghistory →COM NEW1.23%$4M49.5K
22SPARUSDShyft Group Inchistory →COM1.19%$4M115.1K
23Copa Holdings Sa Cl ACL A1.17%$4M48.8K
24MRKMerck & Co Inchistory →COM1.10%$4M46.6K
25CHVChevrontexaco Corphistory →COM1.09%$4M23.4K
26XRXXerox Corphistory →COM NEW1.08%$4M187.0K
27ABJAABB Limitedhistory →SPONSORED ADR1.08%$4M115.8K
28ARCCAres Capital CorpCOM0.97%$3M160.9K
29QTRXQuanterix CorpCOM0.83%$3M98.6K
30GQ9Streetracks Gold TRUSTGOLD SHS0.81%$3M15.6K
31DFSEURDiscover Financial SvcsCOM0.80%$3M25.2K
32Kornit Digital Ltd.SHS0.79%$3M33.5K
33PSXPhillipsCOM0.78%$3M31.6K
34ACAArcosa IncCOM0.75%$3M45.7K
35MDC1USDM D C Holding IncCOM0.73%$3M67.5K
36TRGPTarga Resources CorpCOM0.73%$3M33.8K
37USBU.S. BancorpCOM NEW0.68%$2M44.5K
38BLBDBlue Bird CorpCOM0.67%$2M124.5K
39WYWeyerhaeuser CoCOM NEW0.65%$2M59.9K
40PGNYProgyny IncCOM0.61%$2M41.2K
41BSFAAni PharmaceuticalsCOM0.61%$2M75.0K
42ONDSOndas Hldgs IncCOM NEW0.59%$2M280.4K
43PGProcter & Gamble CoCOM0.54%$2M12.4K
44LPROOpen Lending CorpCOM CL A0.53%$2M98.3K
45PLABPhotronics IncCOM0.53%$2M108.2K
46DOCUSDPhysicians Realty TrCOM0.52%$2M102.6K
47MPCMarathon Pete CorpCOM0.51%$2M20.9K
48TPCTutor Perini CorpCOM0.50%$2M161.6K
49SCOR1EURComscore IncCOM0.49%$2M591.4K
50HDSNHudson Technologies IncCOM0.48%$2M271.0K

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 ↗.