SEC 13F Intelligence

Managers / Q2 2022 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$310M
Q2 2022
Positions
146
Filings on Record
32
2019–present window
Filed
Aug 12, 2022
original filing

Summary

Marathon Capital Management reported $310M in U.S.-listed holdings across 146 positions for Q2 2022.

The portfolio is heavily concentrated: TROW alone accounts for 33.5% of reported value.

Compared with Q1 2022, the fund opened 56 new positions and exited 3.

Portfolio Metrics

Turnover
+10.0%
vs prior filed quarter
Top-10 Concentration
+50.7%
share of reported value
Largest Position
+33.5%
T Rowe Price
New / Exited
56 / 3
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: 89.6%Other: 6.1%REIT: 1.6%ADR: 1.5%ETP: 1.0%Other: 0.2%
  • Common Stock · 89.6% · $278M
  • Other · 6.1% · $19M
  • REIT · 1.6% · $5M
  • ADR · 1.5% · $5M
  • ETP · 1.0% · $3M
  • Other · 0.2% · $756,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LEN/BLennar Corp Cl B NewNEW+49.5K49.5K+$3M$3M
AMZNAmazon Com IncNEW+13.0K13.0K+$1M$1M
HONGBPHoneywell InternationalNEW+7.5K7.5K+$1M$1M
GOOGAlphabet Inc. Class CNEW+536536+$1M$1M
PEPPepsico IncorporatedNEW+6.2K6.2K+$1M$1M
Willis Towers WatsonNEW+4.7K4.7K+$921,000$921,000
LLYLilly Eli & CompanyNEW+2.7K2.7K+$887,000$887,000
EXMOCExxon Mobil CorporationNEW+9.6K9.6K+$826,000$826,000

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

Holdings — Q2 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM33.49%$104M912.6K
2ENPHEnphase Energy Inchistory →COM3.03%$9M48.1K
3METMetlife Inchistory →COM2.13%$7M105.2K
4IBMIntl Business Machineshistory →COM2.04%$6M44.7K
5TTITetra Technologieshistory →COM1.86%$6M1.42M
6BMYBristol-Myers Squibb Cohistory →COM1.85%$6M74.3K
7AAPLApple Computer Inchistory →COM1.77%$5M40.2K
8GLWCorning Inchistory →COM1.55%$5M152.4K
9JNJJohnson & Johnsonhistory →COM1.51%$5M26.4K
10ALSNAllison Transmissionhistory →COM1.50%$5M121.0K
11FT2First Horizon Corphistory →COM1.47%$5M208.5K
12ABBVAbbvie Inchistory →COM1.46%$5M29.6K
13Glaxosmithkline Plc AdrfSPONSORED ADR1.44%$4M102.2K
14QCOMQualcomm Inchistory →COM1.44%$4M34.8K
15INVNIdentive Inchistory →COM NEW1.42%$4M380.1K
16MSFTMicrosoft Corphistory →COM1.40%$4M16.9K
17MRKMerck & Co Inchistory →COM1.37%$4M46.6K
18Avid Technology IncCOM1.24%$4M148.5K
19BRK/BBerkshire Hathaway Cl Bhistory →CL B NEW1.08%$3M12.3K
20CHVChevrontexaco Corphistory →COM1.07%$3M23.0K
21ABXBarrick Gold Corp Com Npv Isin #ca067901history →COM1.06%$3M185.9K
22ABJAABB Limitedhistory →SPONSORED ADR1.00%$3M116.0K
23Copa Holdings Sa Cl ACL A0.99%$3M48.5K
24AAWWUSDAtlas Air Worldwide HldgCOM NEW0.97%$3M48.7K
25XRXXerox CorpCOM NEW0.97%$3M201.3K
26LEN/BLennar Corp Cl B NewCL B0.94%$3M49.5K
27ARCCAres Capital CorpCOM0.92%$3M159.4K
28GQ9Streetracks Gold TRUSTGOLD SHS0.85%$3M15.6K
29PSXPhillipsCOM0.81%$3M30.7K
30DFSEURDiscover Financial SvcsCOM0.77%$2M25.1K
31MDC1USDM D C Holding IncCOM0.76%$2M72.8K
32BSFAAni PharmaceuticalsCOM0.71%$2M74.5K
33PLABPhotronics IncCOM0.69%$2M110.4K
34SPARUSDShyft Group IncCOM0.69%$2M115.6K
35ACAArcosa IncCOM0.69%$2M45.8K
36USBU.S. BancorpCOM NEW0.67%$2M45.0K
37TRGPTarga Resources CorpCOM0.64%$2M33.3K
38WYWeyerhaeuser CoCOM NEW0.63%$2M58.8K
39HDSNHudson Technologies IncCOM0.62%$2M254.5K
40DOCUSDPhysicians Realty TrCOM0.59%$2M105.2K
41PGProcter & Gamble CoCOM0.57%$2M12.3K
42QTRXQuanterix CorpCOM0.54%$2M103.7K
43DCGODocgo IncCOM0.52%$2M226.3K
44Euronav NvSHS0.50%$2M128.7K
45ONDSOndas Hldgs IncCOM NEW0.49%$2M279.2K
46BDCBelden Cdt IncCOM0.46%$1M26.9K
47AMZNAmazon Com IncCOM0.45%$1M13.0K
48Stratasys LtdSHS0.44%$1M73.3K
49MPCMarathon Pete CorpCOM0.44%$1M16.4K
50HONGBPHoneywell InternationalCOM0.42%$1M7.5K

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 ↗.