SEC 13F Intelligence

Managers / Q3 2022 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$350M
Q3 2022
Positions
153
Filings on Record
32
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Marathon Capital Management reported $350M in U.S.-listed holdings across 153 positions for Q3 2022.

The portfolio is heavily concentrated: TROW alone accounts for 27.4% of reported value.

Compared with Q2 2022, the fund opened 18 new positions and exited 11.

Portfolio Metrics

Turnover
+8.4%
vs prior filed quarter
Top-10 Concentration
+50.7%
share of reported value
Largest Position
+27.4%
T Rowe Price
New / Exited
18 / 11
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: 88.4%REIT: 4.3%Other: 4.1%ADR: 1.5%ETP: 1.0%Other: 0.7%
  • Common Stock · 88.4% · $309M
  • REIT · 4.3% · $15M
  • Other · 4.1% · $14M
  • ADR · 1.5% · $5M
  • ETP · 1.0% · $4M
  • Other · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LANDGladstone Land CorpNEW+156.3K156.3K+$3M$3M
DSKEUSDDaseke IncNEW+419.3K419.3K+$2M$2M
SELFGlobal Self StorageNEW+361.0K361.0K+$2M$2M
Wells Fargo Co New Perp Pfd Cnv A 7.5000NEW+1.5K1.5K+$2M$2M
WBDWarner Brothers DiscoverNEW+139.9K139.9K+$2M$2M
SWN1EURSouthwestern Energy CoNEW+150.3K150.3K+$920,000$920,000
LUNALuna Innovations IncNEW+155.7K155.7K+$692,000$692,000
MATVMativ Holdings IncNEW+27.5K27.5K+$607,000$607,000

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

Holdings — Q3 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWT Rowe Price Group Inchistory →COM27.38%$96M912.7K
2ENPHEnphase Energy Inchistory →COM6.35%$22M80.1K
3PSXPhillipshistory →COM2.84%$10M123.2K
4AAPLApple Computer Inchistory →COM2.29%$8M57.9K
5DOCUSDPhysicians Realty Trhistory →COM2.08%$7M485.0K
6BMYBristol-Myers Squibb Cohistory →COM2.06%$7M101.3K
7HDSNHudson Technologies Inchistory →COM1.97%$7M936.6K
8INVNIdentive Inchistory →COM NEW1.96%$7M546.0K
9QCOMQualcomm Inchistory →COM1.93%$7M59.8K
10METMetlife Inchistory →COM1.83%$6M105.1K
11JNJJohnson & Johnsonhistory →COM1.72%$6M36.9K
12MSFTMicrosoft Corphistory →COM1.71%$6M25.7K
13IBMIntl Business Machineshistory →COM1.51%$5M44.6K
14TTITetra Technologieshistory →COM1.46%$5M1.43M
15FT2First Horizon Corphistory →COM1.31%$5M200.5K
16GLWCorning Inchistory →COM1.26%$4M152.3K
17ALSNAllison Transmissionhistory →COM1.17%$4M121.3K
18MRKMerck & Co Inchistory →COM1.15%$4M46.6K
19ABBVAbbvie Inchistory →COM1.13%$4M29.4K
20AAWWUSDAtlas Air Worldwide Hldghistory →COM NEW1.09%$4M40.1K
21Avid Technology IncCOM0.98%$3M147.6K
22Copa Holdings Sa Cl ACL A0.97%$3M50.9K
23BRK/BBerkshire Hathaway Cl BCL B NEW0.94%$3M12.3K
24ABJAABB LimitedSPONSORED ADR0.85%$3M115.8K
25LEN/BLennar Corp Cl B NewCL B0.84%$3M49.5K
26CHVChevrontexaco CorpCOM0.83%$3M20.3K
27ABXBarrick Gold Corp Com Npv Isin #ca067901COM0.83%$3M187.7K
28ARCCAres Capital CorpCOM0.81%$3M167.7K
29LANDGladstone Land CorpCOM0.81%$3M156.3K
30XRXXerox CorpCOM NEW0.76%$3M202.2K
31ACAArcosa IncCOM0.75%$3M45.7K
32GQ9Streetracks Gold TRUSTGOLD SHS0.71%$2M16.2K
33SPARUSDShyft Group IncCOM0.69%$2M119.0K
34PGProcter & Gamble CoCOM0.68%$2M18.8K
35BSFAAni PharmaceuticalsCOM0.67%$2M72.9K
36DFSEURDiscover Financial SvcsCOM0.65%$2M25.1K
37DSKEUSDDaseke IncCOM0.65%$2M419.3K
38PFEPfizer IncorporatedCOM0.65%$2M51.7K
39DCGODocgo IncCOM0.64%$2M226.4K
40SELFGlobal Self StorageCOM0.60%$2M361.0K
41TRGPTarga Resources CorpCOM0.57%$2M32.9K
42MDC1USDM D C Holding IncCOM0.56%$2M72.0K
43Wells Fargo Co New Perp Pfd Cnv A 7.5000PERP PFD CNV A0.53%$2M1.5K
44USBU.S. BancorpCOM NEW0.52%$2M44.9K
45WYWeyerhaeuser CoCOM NEW0.48%$2M58.2K
46BACVerizon CommunicationsCOM0.47%$2M43.8K
47Kornit Digital Ltd.SHS0.46%$2M61.0K
48WBDWarner Brothers DiscoverCOM SER A0.46%$2M139.9K
49BDCBelden Cdt IncCOM0.46%$2M26.8K
50MPCMarathon Pete CorpCOM0.46%$2M16.1K

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 ↗.