SEC 13F Intelligence

Managers / Q2 2024 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$392M
Q2 2024
Positions
145
Filings on Record
32
2019–present window
Filed
Aug 14, 2024
original filing

Summary

Marathon Capital Management reported $392M in U.S.-listed holdings across 145 positions for Q2 2024.

The portfolio is heavily concentrated: TROW alone accounts for 25.3% of reported value.

Compared with Q1 2024, the fund opened 9 new positions and exited 18.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+48.7%
share of reported value
Largest Position
+25.3%
Price T Rowe
New / Exited
9 / 18
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: 84.0%Other: 5.7%ADR: 4.2%REIT: 3.2%ETP: 1.2%Other: 1.7%
  • Common Stock · 84.0% · $330M
  • Other · 5.7% · $22M
  • ADR · 4.2% · $16M
  • REIT · 3.2% · $12M
  • ETP · 1.2% · $5M
  • Other · 1.7% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FMXFOMENTO ECONOMICO MEXICANO SNEW+34.5K34.5K+$4M$4M
ATECALPHATEC HLDGS INCNEW+268.0K268.0K+$3M$3M
BXPBOSTON PROPERTIES INCNEW+6.9K6.9K+$426,611$426,611
SPDR SER TRNEW+3.3K3.3K+$306,086$306,086
VANGUARD WHITEHALL FDSNEW+3.7K3.7K+$250,683$250,683
CPCANADIAN PACIFIC KANSAS CITYNEW+2.9K2.9K+$228,711$228,711
NEMNEWMONT CORPNEW+5.1K5.1K+$213,202$213,202
PXLWEURPIXELWORKS INCNEW+25.0K25.0K+$24,580$24,580

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

Holdings — Q2 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWPRICE T ROWE GROUP INChistory →COM25.31%$99M861.2K
2AZNNASTRAZENECA PLChistory →SPONSORED ADR3.22%$13M161.9K
3AAPLAPPLE INChistory →COM3.16%$12M59.0K
4MSFTMICROSOFT CORPhistory →COM2.91%$11M25.5K
5QCOMQUALCOMM INChistory →COM2.83%$11M55.8K
6CHVCHEVRON CORP NEWhistory →COM2.53%$10M63.5K
7GLWCORNING INChistory →COM2.32%$9M234.4K
8ALSNALLISON TRANSMISSION HLDGS Ihistory →COM2.30%$9M118.7K
9FANGDIAMONDBACK ENERGY INChistory →COM2.18%$9M42.6K
10METMETLIFE INChistory →COM1.98%$8M110.9K
11IBMINTERNATIONAL BUSINESS MACHShistory →COM1.84%$7M41.7K
12HLMNHILLMAN SOLUTIONS CORPhistory →COM1.83%$7M810.7K
13FISFIDELITY NATL INFORMATION SVhistory →COM1.79%$7M93.0K
14COPA HOLDINGS SACL A1.69%$7M69.5K
15ENPHENPHASE ENERGY INChistory →COM1.48%$6M58.3K
16OREALTY INCOME CORPhistory →COM1.48%$6M109.9K
17WILLIS TOWERS WATSON PLC LTDSHS1.33%$5M19.9K
18BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.23%$5M11.9K
19BSFAANI PHARMACEUTICALS INChistory →COM1.14%$4M70.3K
20JPMJPMORGAN CHASE & CO.history →COM1.11%$4M21.6K
21JNJJOHNSON & JOHNSONhistory →COM1.11%$4M29.7K
22TTITETRA TECHNOLOGIES INC DELhistory →COM1.08%$4M1.23M
23TRANSOCEAN LTDREGISTERED SHS1.07%$4M786.6K
24CECOCECO ENVIRONMENTAL CORPhistory →COM1.07%$4M145.8K
25ZETAZETA GLOBAL HOLDINGS CORPhistory →CL A1.07%$4M238.3K
26MRKMERCK & CO INChistory →COM1.01%$4M32.1K
27FMXFOMENTO ECONOMICO MEXICANO SSPON ADR UNITS0.95%$4M34.5K
28DOWDOW INCCOM0.92%$4M67.7K
29HDSNHUDSON TECHNOLOGIES INCCOM0.91%$4M404.1K
30ARCCARES CAPITAL CORPCOM0.87%$3M164.7K
31SPROTT PHYSICAL GOLD & SILVETR UNIT0.87%$3M155.1K
32ACAARCOSA INCCOM0.86%$3M40.7K
33CALXCALIX INCCOM0.82%$3M90.4K
34INVNIDENTIV INCCOM NEW0.78%$3M715.4K
35PFEPFIZER INCCOM0.75%$3M105.4K
36ATECALPHATEC HLDGS INCCOM NEW0.71%$3M268.0K
37PGPROCTER AND GAMBLE COCOM0.71%$3M16.8K
38KVUEKENVUE INCCOM0.69%$3M149.7K
39CHUBB LIMITEDCOM0.64%$2M9.8K
40GQ9SPDR GOLD TRGOLD SHS0.63%$2M11.6K
41AMZNAMAZON COM INCCOM0.62%$2M12.5K
42ABXBARRICK GOLD CORPCOM0.60%$2M140.3K
43TRGPTARGA RES CORPCOM0.57%$2M17.2K
44NPKINEWPARK RES INCCOM PAR $.01NEW0.56%$2M266.2K
45LLYELI LILLY & COCOM0.56%$2M2.4K
46LANDGLADSTONE LD CORPCOM0.54%$2M154.3K
47GOOGALPHABET INCCAP STK CL C0.53%$2M11.3K
48QTRXQUANTERIX CORPCOM0.46%$2M137.6K
49WBDWARNER BROS DISCOVERY INCCOM SER A0.46%$2M244.1K
50SELFGLOBAL SELF STORAGE INCCOM0.46%$2M369.9K

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 ↗.