SEC 13F Intelligence

Managers / Q4 2024 · view latest →

MARATHON CAPITAL MANAGEMENT

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

Reported Value
$400M
Q4 2024
Positions
155
Filings on Record
32
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Marathon Capital Management reported $400M in U.S.-listed holdings across 155 positions for Q4 2024.

The portfolio is heavily concentrated: TROW alone accounts for 22.0% of reported value.

Compared with Q3 2024, the fund opened 10 new positions and exited 9.

Portfolio Metrics

Turnover
+6.2%
vs prior filed quarter
Top-10 Concentration
+45.3%
share of reported value
Largest Position
+22.0%
Price T Rowe
New / Exited
10 / 9
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: 84.5%Other: 5.2%ADR: 3.5%REIT: 3.0%ETP: 1.9%Other: 1.8%
  • Common Stock · 84.5% · $338M
  • Other · 5.2% · $21M
  • ADR · 3.5% · $14M
  • REIT · 3.0% · $12M
  • ETP · 1.9% · $8M
  • Other · 1.8% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLBSCHLUMBERGER LTDNEW+126.0K126.0K+$5M$5M
EXEEXPAND ENERGY CORPORATIONNEW+12.6K12.6K+$1M$1M
EATON CORP PLCNEW+1.9K1.9K+$625,575$625,575
BXPBXP INCNEW+7.0K7.0K+$521,821$521,821
AVGOBROADCOM INCNEW+1.4K1.4K+$336,168$336,168
SSGA ACTIVE TRNEW+10.0K10.0K+$248,330$248,330
CSCOCISCO SYS INCNEW+3.7K3.7K+$216,614$216,614
WABWABTECNEW+1.1K1.1K+$213,099$213,099

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

Holdings — Q4 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TROWPRICE T ROWE GROUP INChistory →COM22.02%$88M779.6K
2AAPLAPPLE INChistory →COM3.61%$14M57.8K
3GLWCORNING INChistory →COM2.80%$11M235.9K
4AZNNASTRAZENECA PLChistory →SPONSORED ADR2.75%$11M168.1K
5MSFTMICROSOFT CORPhistory →COM2.63%$11M25.0K
6ALSNALLISON TRANSMISSION HLDGS Ihistory →COM2.39%$10M88.7K
7FANGDIAMONDBACK ENERGY INChistory →COM2.32%$9M56.8K
8CHVCHEVRON CORP NEWhistory →COM2.31%$9M63.9K
9METMETLIFE INChistory →COM2.25%$9M110.2K
10IBMINTERNATIONAL BUSINESS MACHShistory →COM2.23%$9M40.6K
11QCOMQUALCOMM INChistory →COM2.14%$9M55.9K
12FISFIDELITY NATL INFORMATION SVhistory →COM1.83%$7M90.8K
13HLMNHILLMAN SOLUTIONS CORPhistory →COM1.72%$7M705.6K
14LULULULULEMON ATHLETICA INChistory →COM1.68%$7M17.6K
15AMZNAMAZON COM INChistory →COM1.68%$7M30.6K
16COPA HOLDINGS SACL A1.62%$6M73.7K
17WILLIS TOWERS WATSON PLC LTDSHS1.54%$6M19.7K
18DOWDOW INChistory →COM1.50%$6M149.6K
19OREALTY INCOME CORPhistory →COM1.46%$6M109.6K
20BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.35%$5M11.9K
21JPMJPMORGAN CHASE & CO.history →COM1.30%$5M21.7K
22TTITETRA TECHNOLOGIES INC DELhistory →COM1.29%$5M1.44M
23GOOGALPHABET INChistory →CAP STK CL C1.28%$5M27.0K
24SLBSCHLUMBERGER LTDhistory →COM STK1.21%$5M126.0K
25ZETAZETA GLOBAL HOLDINGS CORPhistory →CL A1.09%$4M242.5K
26JNJJOHNSON & JOHNSONhistory →COM1.08%$4M29.9K
27ACAARCOSA INChistory →COM1.01%$4M41.9K
28ENPHENPHASE ENERGY INChistory →COM1.01%$4M58.9K
29CALXCALIX INChistory →COM1.00%$4M115.1K
30BSFAANI PHARMACEUTICALS INCCOM0.97%$4M69.9K
31SPROTT PHYSICAL GOLD & SILVETR UNIT0.91%$4M153.0K
32ARCCARES CAPITAL CORPCOM0.89%$4M162.7K
33MRKMERCK & CO INCCOM0.80%$3M32.1K
34KORNIT DIGITAL LTDSHS0.79%$3M101.7K
35FMXFOMENTO ECONOMICO MEXICANO SSPON ADR UNITS0.78%$3M36.6K
36NPKINPK INTERNATIONAL INCCOM SHS0.78%$3M406.1K
37CECOCECO ENVIRONMENTAL CORPCOM0.74%$3M98.5K
38PGPROCTER AND GAMBLE COCOM0.71%$3M16.9K
39GQ9SPDR GOLD TRGOLD SHS0.70%$3M11.5K
40CHUBB LIMITEDCOM0.69%$3M10.0K
41PFEPFIZER INCCOM0.69%$3M104.2K
42KVUEKENVUE INCCOM0.61%$2M113.7K
43ATECALPHATEC HLDGS INCCOM NEW0.55%$2M240.5K
44HDSNHUDSON TECHNOLOGIES INCCOM0.54%$2M390.7K
45TRGPTARGA RES CORPCOM0.54%$2M12.1K
46ABXBARRICK GOLD CORPCOM0.53%$2M138.1K
47SELFGLOBAL SELF STORAGE INCCOM0.50%$2M373.3K
48LLYELI LILLY & COCOM0.44%$2M2.3K
49LANDGLADSTONE LD CORPCOM0.42%$2M154.4K
50WYWEYERHAEUSER CO MTN BECOM NEW0.38%$2M54.7K

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 ↗.