MC

Marathon Capital Management

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$445.2M

Reporting period: 2026-03-31 · Number of holdings: 171

MARATHON CAPITAL MANAGEMENT disclosed 171 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $445.2M and a quarterly turnover rate of 25.5%.

Personality snowflake

Concentration
12.09
Portfolio Stability
25.46
Momentum/Contrarian
100
Sector conviction
52.35
Diversification
100
Sizing Uniformity
79.52

Recent moves

  • Trim TROW

    -2.2%　-$9.3M

  • Add AMZN

    +84.2%　$4.6M

  • Add BIL

    +21.1%　$3.2M

  • Trim CPA

    -46.1%　-$3.1M

  • Add ALM

    -10.8%　$2.4M

  • Trim ADMA

    +34.8%　-$2.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1TROWT Rowe Price Group INCStock-Financials12.93%-1.46%-2.24%
2BILSs Spdr Bb 1-3m T-bill ETFETF-Gov Bonds4.02%+0.85%+21.08%
3GLWCorning INCStock-Tech3.21%-0.28%-43.27%
4AZNAstraZeneca PLCStock-Healthcare2.89%+2.89%NEW
5AAPLApple INCStock-Tech2.79%-0.07%+0.35%
6GOOGAlphabet Inc-cl CStock-Comm Services2.72%-0.19%-2.20%
7AMZNAmazon.com INCStock-Consumer Disc2.61%+1.11%+84.17%
8CVXChevron CORPStock-Energy2.29%+0.36%-16.09%
9VYMIVanguard Int High Dvd Yld InETF-Other2.21%+0.20%+0.26%
10FANGDiamondback Energy INCStock-Energy2.13%—-23.50%
11ZSZscaler INCStock-Tech2.09%+2.09%NEW
12ALSNAllison Transmission HoldingStock-Consumer Disc1.90%+0.33%-2.99%
13MSFTMicrosoft CORPStock-Tech1.89%-0.50%-1.01%
14TTITetra Technologies INCStock-Other1.87%-0.53%-17.81%
15QCOMQualcomm INCStock-Tech1.74%-0.47%+0.13%
16ALMAlmonty Industries INCStock-Other1.72%+0.59%-10.84%
17IBMIntl Business Machines CORPStock-Tech1.68%-0.34%-2.21%
18FISFidelity National Info ServStock-Tech1.64%+0.37%+75.41%
19METMetlife INCStock-Financials1.63%-0.13%-0.72%
20ORealty Income CORPStock-Real Estate1.54%+0.17%-0.76%
21JPMJpmorgan Chase & CoStock-Financials1.39%-0.08%-0.41%
22JNJJohnson & JohnsonStock-Healthcare1.39%+0.22%-3.43%
23CECOCeco Environmental CORPStock-Other1.32%—-3.30%
24CEFSprott Physical Gold And SilStock-Other1.29%—-3.78%
25ADMAAdma Biologics INCStock-Healthcare1.27%-0.56%+34.83%
26ANIPAni Pharmaceuticals INCStock-Other1.25%—+4.20%
27BRK-BBerkshire Hathaway Inc-cl BStock-Other1.21%—-0.34%
28BBarrick Mining CORPStock-Materials1.15%-0.06%-2.89%
29NPKINpk International INCStock-Other1.13%+0.21%-3.16%
30BLDRBuilders Firstsource INCStock-Industrials1.09%-0.22%-0.27%
31WTWWillis Towers Watson Public Limited CompanyStock-Financials1.08%-0.09%-0.23%
32ACAArcosa INCStock-Industrials1.08%—-4.70%
33GLDSpdr Gold SharesETF-Commodities1.03%—-2.96%
34DHRDanaher CORPStock-Healthcare0.99%-0.15%+1.13%
35ZTSZoetis INCStock-Healthcare0.95%—+1.95%
36CBChubb LimitedStock-Financials0.91%—-2.79%
37DOCHealthpeak Properties INCStock-Real Estate0.91%—-0.76%
38CALXCalix INCStock-Tech0.90%—+1.45%
39ZETAZeta Global Holdings Corp-aStock-Tech0.83%-0.14%+4.47%
40ADBEAdobe INCStock-Tech0.71%-0.28%+0.07%
41CPACopa Holdings, S.A.Stock-Other0.71%-0.63%-46.10%
42SLBSlb LTDStock-Energy0.69%+0.20%+2.38%
43NVONovo-nordisk A/s-spons AdrStock-Healthcare0.67%-0.24%-1.38%
44ARCCAres Capital CORPStock-Financials0.67%-0.05%+0.22%
45MRKMerck & Co. INC.Stock-Healthcare0.64%-0.12%-29.64%
46ATECAlphatec Holdings INCStock-Other0.64%-0.26%+31.52%
47TRGPTarga Resources CORPStock-Energy0.56%—-15.53%
48PGProcter & Gamble Co/theStock-Consumer Staples0.53%—-0.41%
49LLYEli Lilly & CoStock-Healthcare0.53%-0.06%-0.12%
50ENPHEnphase Energy INCStock-Tech0.49%—+0.31%
1–50 of 171

Holding changes this quarter

Marathon Capital Management's most significant position changes for 2026-03-31: Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: AstraZeneca PLC (AZN); New buy: Zscaler INC (ZS); Sold out: Gladstone Land CORP (LAND); Sold out: Sanmina CORP (SANM).

Position changes disclosed by Marathon Capital Management for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1AMZNAmazon.com INC+1.1%+84.17%Add
2BILSs Spdr Bb 1-3m T-bill ETF+0.9%+21.08%Add
3ALMAlmonty Industries INC+0.6%-10.84%Trim
4FISFidelity National Info Serv+0.4%+75.41%Add
5CVXChevron CORP+0.4%-16.09%Trim
6ALSNAllison Transmission Holding+0.3%-2.99%Trim
7JNJJohnson & Johnson+0.2%-3.43%Trim
8NPKINpk International INC+0.2%-3.16%Trim
9SLBSlb LTD+0.2%+2.38%Add
10VYMIVanguard Int High Dvd Yld In+0.2%+0.26%Add
11ORealty Income CORP+0.2%-0.76%Trim
12XOMExxon Mobil CORP+0.1%-0.51%Trim
13ARCCAres Capital CORP-0.1%+0.22%Add
14BBarrick Mining CORP-0.1%-2.89%Trim
15LLYEli Lilly & Co-0.1%-0.12%Trim
16GOOGLAlphabet Inc-cl A-0.1%-7.72%Trim
17AAPLApple INC-0.1%+0.35%Add
18CYRXCryoport INC-0.1%-34.39%Trim
19JPMJpmorgan Chase & Co-0.1%-0.41%Trim
20WTWWillis Towers Watson Public Limited Company-0.1%-0.23%Trim
21MRKMerck & Co. INC.-0.1%-29.64%Trim
22METMetlife INC-0.1%-0.72%Trim
23ZETAZeta Global Holdings Corp-a-0.1%+4.47%Add
24MUMicron Technology INC-0.1%-40.63%Trim
25DHRDanaher CORP-0.2%+1.13%Add
26EXEExpand Energy CORP-0.2%-55.91%Trim
27GOOGAlphabet Inc-cl C-0.2%-2.20%Trim
28BLDRBuilders Firstsource INC-0.2%-0.27%Trim
29NVONovo-nordisk A/s-spons Adr-0.2%-1.38%Trim
30ATECAlphatec Holdings INC-0.3%+31.52%Add
31GLWCorning INC-0.3%-43.27%Trim
32ADBEAdobe INC-0.3%+0.07%Add
33PARPar Technology Corp/del-0.3%+31.35%Add
34IBMIntl Business Machines CORP-0.3%-2.21%Trim
35QCOMQualcomm INC-0.5%+0.13%Add
36MSFTMicrosoft CORP-0.5%-1.01%Trim
37TTITetra Technologies INC-0.5%-17.81%Trim
38ADMAAdma Biologics INC-0.6%+34.83%Add
39CPACopa Holdings, S.A.-0.6%-46.10%Trim
40TROWT Rowe Price Group INC-1.5%-2.24%Trim
41AZNNAstrazeneca Plc-spons Adr—EXITSold out
42AZNAstraZeneca PLC—NEWNew buy
43ZSZscaler INC—NEWNew buy
44LANDGladstone Land CORP—EXITSold out
45SANMSanmina CORP—EXITSold out
46XRAYDentsply Sirona INC—EXITSold out
47EWZIshares Msci Brazil ETF—NEWNew buy
48PCHPotlatchdeltic CORP—EXITSold out
49RYNRayonier INC—NEWNew buy
50BXPBxp INC—NEWNew buy

FAQ

What is Marathon Capital Management and what type of investor is it?
Marathon Capital Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $445.2M, spread across 171 disclosed positions.
What are Marathon Capital Management's largest equity positions?
Based on the latest 13F filing, Marathon Capital Management's top holdings by market value are: 1. T Rowe Price Group INC (TROW) — $57.6M (12.9%) 2. Ss Spdr Bb 1-3m T-bill ETF (BIL) — $17.9M (4.0%) 3. Corning INC (GLW) — $14.3M (3.2%) 4. AstraZeneca PLC (AZN) — $12.9M (2.9%) 5. Apple INC (AAPL) — $12.4M (2.8%)
What changes did Marathon Capital Management make in its most recent portfolio filing?
In the latest reported quarter, Marathon Capital Management made 50 notable position adjustments: 5 new positions were initiated, 14 existing holdings were added to, 26 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: AstraZeneca PLC (AZN); New buy: Zscaler INC (ZS); Sold out: Gladstone Land CORP (LAND); Sold out: Sanmina CORP (SANM)
What sectors does Marathon Capital Management focus on?
Marathon Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 26.8% • Information Technology: 25.1% • Health Care: 13.9% • Energy: 9.2% • Consumer Discretionary: 6.7% • Industrials: 5.6%