SEC 13F Intelligence

Managers / Q3 2024 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$412M
Q3 2024
Positions
154
Filings on Record
32
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Marathon Capital Management reported $412M in U.S.-listed holdings across 154 positions for Q3 2024.

The portfolio is heavily concentrated: TROW alone accounts for 21.7% of reported value.

Compared with Q2 2024, the fund opened 17 new positions and exited 8.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+44.9%
share of reported value
Largest Position
+21.7%
Price T Rowe
New / Exited
17 / 8
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: 83.1%Other: 5.7%ADR: 4.2%REIT: 3.3%ETP: 1.8%Other: 1.9%
  • Common Stock · 83.1% · $343M
  • Other · 5.7% · $23M
  • ADR · 4.2% · $17M
  • REIT · 3.3% · $14M
  • ETP · 1.8% · $7M
  • Other · 1.9% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LULULULULEMON ATHLETICA INCNEW+18.0K18.0K+$5M$5M
DARDARLING INGREDIENTS INCNEW+41.9K41.9K+$2M$2M
SPDR S&P 500 ETF TRNEW+1.2K1.2K+$676,616$676,616
TXOTXO PARTNERS LPNEW+25.0K25.0K+$494,500$494,500
CIVICIVITAS RESOURCES INCNEW+8.8K8.8K+$445,389$445,389
MXLMAXLINEAR INCNEW+22.5K22.5K+$325,800$325,800
T ROWE PRICE ETF INCNEW+8.6K8.6K+$285,119$285,119
IBDQISHARES TRNEW+10.3K10.3K+$259,785$259,785

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

Holdings — Q3 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWPRICE T ROWE GROUP INChistory →COM21.68%$89M820.9K
2AAPLAPPLE INChistory →COM3.27%$13M57.9K
3AZNNASTRAZENECA PLChistory →SPONSORED ADR3.08%$13M163.0K
4ALSNALLISON TRANSMISSION HLDGS Ihistory →COM2.75%$11M118.0K
5MSFTMICROSOFT CORPhistory →COM2.58%$11M24.8K
6GLWCORNING INChistory →COM2.54%$10M232.1K
7QCOMQUALCOMM INChistory →COM2.30%$9M55.7K
8CHVCHEVRON CORP NEWhistory →COM2.28%$9M63.9K
9IBMINTERNATIONAL BUSINESS MACHShistory →COM2.23%$9M41.5K
10METMETLIFE INChistory →COM2.21%$9M110.4K
11HLMNHILLMAN SOLUTIONS CORPhistory →COM2.04%$8M796.7K
12FISFIDELITY NATL INFORMATION SVhistory →COM1.88%$8M92.4K
13FANGDIAMONDBACK ENERGY INChistory →COM1.75%$7M41.8K
14OREALTY INCOME CORPhistory →COM1.69%$7M109.9K
15ZETAZETA GLOBAL HOLDINGS CORPhistory →CL A1.67%$7M231.5K
16COPA HOLDINGS SACL A1.61%$7M70.8K
17ENPHENPHASE ENERGY INChistory →COM1.58%$7M57.8K
18WILLIS TOWERS WATSON PLC LTDSHS1.42%$6M19.9K
19AMZNAMAZON COM INChistory →COM1.36%$6M30.0K
20BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.32%$5M11.8K
21LULULULULEMON ATHLETICA INChistory →COM1.18%$5M18.0K
22JNJJOHNSON & JOHNSONhistory →COM1.17%$5M29.7K
23CALXCALIX INChistory →COM1.14%$5M120.8K
24FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS1.13%$5M47.4K
25JPMJPMORGAN CHASE & CO.history →COM1.11%$5M21.6K
26GOOGALPHABET INChistory →CAP STK CL C1.08%$4M26.6K
27BSFAANI PHARMACEUTICALS INChistory →COM1.01%$4M70.0K
28TRANSOCEAN LTDREGISTERED SHS0.99%$4M964.6K
29ACAARCOSA INCCOM0.97%$4M42.2K
30TTITETRA TECHNOLOGIES INC DELCOM0.94%$4M1.25M
31SPROTT PHYSICAL GOLD & SILVETR UNIT0.91%$4M153.6K
32DOWDOW INCCOM0.88%$4M66.7K
33MRKMERCK & CO INCCOM0.88%$4M32.0K
34CECOCECO ENVIRONMENTAL CORPCOM0.85%$4M124.3K
35ARCCARES CAPITAL CORPCOM0.84%$3M164.9K
36HDSNHUDSON TECHNOLOGIES INCCOM0.81%$3M398.8K
37PFEPFIZER INCCOM0.74%$3M105.8K
38PGPROCTER AND GAMBLE COCOM0.71%$3M16.8K
39CHUBB LIMITEDCOM0.70%$3M10.1K
40GQ9SPDR GOLD TRGOLD SHS0.69%$3M11.6K
41NPKINEWPARK RES INCCOM PAR $.01NEW0.68%$3M406.8K
42ABXBARRICK GOLD CORPCOM0.67%$3M138.8K
43KVUEKENVUE INCCOM0.67%$3M118.9K
44KORNIT DIGITAL LTDSHS0.64%$3M102.0K
45TRGPTARGA RES CORPCOM0.61%$3M17.0K
46INVNIDENTIV INCCOM NEW0.60%$2M706.8K
47EVLVEVOLV TECHNOLOGIES HLDNGS INCOM CL A0.52%$2M530.0K
48LANDGLADSTONE LD CORPCOM0.52%$2M153.9K
49LLYELI LILLY & COCOM0.51%$2M2.4K
50WYWEYERHAEUSER CO MTN BECOM NEW0.48%$2M58.6K

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 ↗.