MARATHON CAPITAL MANAGEMENT

Open in PORT →← all managers

CIK 1213206

13F portfolio (2026-Q1)

$445M

Positions

171

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

171

Top 5

25.8%

Top 10

37.8%

Effective N

33.1

HHI

0.030

This quarter

13 new · 0 exit →

By sector

Financials20.4%

Information Technology16.1%

Unclassified12.2%

Health Care11.8%

Energy8.8%

Industrials7.5%

Materials6.8%

Consumer Discretionary6.4%

Other10.1%

By market cap

Large ($10–200B)42.1%

Mega (>$200B)23.4%

Unknown17.5%

Mid ($2–10B)10.3%

Small ($300M–2B)6.2%

Micro (<$300M)0.6%

By region

North America84.8%

Other12.2%

Europe3.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	13.63%	24
Capital Markets	13.16%	2
Pharmaceuticals & Biotechnology	10.78%	18
Oil, Gas & Consumable Fuels	8.75%	14
Metals & Mining	6.27%	5
Technology Hardware & Equipment	6.17%	9
Software & IT Services	5.47%	6
Insurance	4.26%	8
Specialty Retail	4.02%	4
Software	3.88%	6
Equity Real Estate Investment Trusts (REITs)	3.38%	7
Machinery	3.17%	6
Commercial Services & Supplies	2.91%	5
Automobiles & Components	1.90%	1
Communications Equipment	1.78%	3
Semiconductors & Semiconductor Equipment	1.74%	9
Banks	1.73%	6
Diversified Telecommunication Services	1.30%	3
Health Care Equipment & Supplies	1.02%	6
Utilities	0.96%	5
Aerospace & Defense	0.94%	5
Chemicals	0.54%	2
Beverages	0.52%	2
Food Products	0.40%	2
Electrical Equipment & Components	0.26%	3
Hotels, Restaurants & Leisure	0.25%	2
Distributors	0.23%	1
Road & Rail	0.21%	2
Construction & Engineering	0.17%	2
Real Estate Management & Development	0.12%	1
Entertainment	0.06%	1
Professional Services	0.05%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	TROW	PRICE T ROWE GROUP INC	Financials	12.93%
2	BIL	SPDR SERIES TRUST	Unclassified	4.02%
3	GLW	CORNING INC /NY	Materials	3.21%
4	AZN	Astrazeneca PLC	Health Care	2.89%
5	AAPL	Apple Inc.	Information Technology	2.79%
6	GOOG	Alphabet Inc.	Communication Services	2.72%
7	AMZN	AMAZON COM INC	Consumer Discretionary	2.61%
8	CVX	CHEVRON CORP	Energy	2.29%
9	VYMI	VANGUARD WHITEHALL FDS	Unclassified	2.21%
10	FANG	Diamondback Energy, Inc.	Energy	2.13%

149/171 names classified · sector 87.8% of weight · industry 86.4% · mkt cap 82.5%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 52 quarters

FinancialsTROW, MET, WTW, ANY, FNF · other

Information TechnologyAAPL, ENPH, KOPN, AVNW, INTC · other

Health CareJNJ, BMY, ACHC, AZN, ADMA · other

Consumer DiscretionaryHDSN, ALSN, AMZN, BLDR, LULU · other

EnergyCVX, TTI, PSX, FANG, RIG · other

IndustrialsACA, FIS, HLMN, CECO, DAL · other

MaterialsGLW, PG, DOW, B, ALM · other

Communication ServicesGOOG, VOD, CALX, ROKU, WBD · other

Real EstateWY, LAND, O, SELF, DOC · other

Consumer StaplesKO, CVS, PEP, FMX, DAR · other

UtilitiesTRGP, OKE, DUK, NEE, SO · other

UnclassifiedCUI GLOBAL INC, ADEPT TECHNOLOGY INC, INCONTACT INC, OVERLAND STORAGE INC, Incontact Inc · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 87.8% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (117 classified)MARATHON CAPITAL MANAGEMENT centroid (Mid Core)

FinancialsInformation TechnologyEnergyHealth CareIndustrialsConsumer DiscretionaryCommunication ServicesMaterialsReal EstateConsumer StaplesUtilities

Style box summary for MARATHON CAPITAL MANAGEMENT: centroid Mid Core. Heaviest cells: Mid Value 18.3%, Large Growth 12.9%, Large Core 10.3%.

Classified: 74.2% of book weight (117/170 names) · unclassified 25.8%: BIL, AZN, VYMI, ZS, ALM, CEF, BRK.B, B, GLD, ZETA +43 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 171 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	TROWPRICE T ROWE GROUP INC	638,525	$58M	12.9%	TRIM −2%
2	BILSPDR SERIES TRUST	195,446	$18M	4.0%	ADD 21%
3	GLWCORNING INC	105,187	$14M	3.2%	TRIM −43%
4	AZNASTRAZENECA PLC	65,175	$13M	2.9%	NEW
5	AAPLAPPLE INC	48,992	$12M	2.8%	HOLD
6	GOOGALPHABET INC	42,205	$12M	2.7%	TRIM −2%
7	AMZNAMAZON COM INC	55,724	$12M	2.6%	ADD 84%
8	CVXCHEVRON CORP NEW	49,304	$10M	2.3%	TRIM −16%
9	VYMIVANGUARD WHITEHALL FDS	104,295	$10M	2.2%	HOLD
10	FANGDIAMONDBACK ENERGY INC	47,951	$9M	2.1%	TRIM −23%
11	ZSZSCALER INC	66,345	$9M	2.1%	NEW
12	ALSNALLISON TRANSMISSION HLDGS I	72,235	$8M	1.9%	TRIM −3%
13	MSFTMICROSOFT CORP	22,710	$8M	1.9%	HOLD
14	TTITETRA TECHNOLOGIES INC DEL	979,011	$8M	1.9%	TRIM −18%
15	QCOMQUALCOMM INC	60,180	$8M	1.7%	HOLD
16	ALMALMONTY INDS INC	529,155	$8M	1.7%	TRIM −11%
17	IBMINTERNATIONAL BUSINESS MACHS	30,948	$8M	1.7%	TRIM −2%
18	FISFIDELITY NATL INFORMATION SV	155,882	$7M	1.6%	ADD 75%
19	METMETLIFE INC	102,911	$7M	1.6%	HOLD
20	OREALTY INCOME CORP	112,349	$7M	1.5%	HOLD
21	JPMJPMORGAN CHASE & CO	21,112	$6M	1.4%	HOLD
22	JNJJOHNSON & JOHNSON	25,288	$6M	1.4%	TRIM −3%
23	CECOCECO ENVIRONMENTAL CORP	98,330	$6M	1.3%	TRIM −3%
24	CEFSPROTT ASSET MANAGEMENT LP	120,375	$6M	1.3%	TRIM −4%
25	ADMAADMA BIOLOGICS INC	627,388	$6M	1.3%	ADD 35%
26	ANIPANI PHARMACEUTICALS INC	72,590	$6M	1.3%	ADD 4%
27	BRK.BBERKSHIRE HATHAWAY INC DEL	11,281	$5M	1.2%	HOLD
28	BBARRICK MNG CORP	126,074	$5M	1.2%	TRIM −3%
29	NPKINPK INTERNATIONAL INC	346,110	$5M	1.1%	TRIM −3%
30	BLDRBUILDERS FIRSTSOURCE INC	58,996	$5M	1.1%	HOLD
31	WTWWILLIS TOWERS WATSON PLC LTD	16,542	$5M	1.1%	HOLD
32	ACAARCOSA INC	45,290	$5M	1.1%	TRIM −5%
33	GLDSPDR GOLD TR	10,663	$5M	1.0%	TRIM −3%
34	DHRDANAHER CORP DEL	23,299	$4M	1.0%	HOLD
35	ZTSZOETIS INC	35,836	$4M	1.0%	HOLD
36	CBCHUBB LIMITED	12,385	$4M	0.9%	TRIM −3%
37	DOCHEALTHPEAK PROPERTIES INC	245,655	$4M	0.9%	HOLD
38	CALXCALIX INC	81,755	$4M	0.9%	HOLD
39	ZETAZETA GLOBAL HOLDINGS CORP	231,825	$4M	0.8%	ADD 4%
40	ADBEADOBE INC	13,090	$3M	0.7%	HOLD
41	CPACOPA HOLDINGS SA	27,788	$3M	0.7%	TRIM −46%
42	SLBSCHLUMBERGER LTD	60,130	$3M	0.7%	ADD 2%
43	NVONOVO-NORDISK A S	81,564	$3M	0.7%	HOLD
44	ARCCARES CAPITAL CORP	165,203	$3M	0.7%	HOLD
45	MRKMERCK & CO INC	23,685	$3M	0.6%	TRIM −30%
46	ATECALPHATEC HLDGS INC	261,595	$3M	0.6%	ADD 32%
47	TRGPTARGA RES CORP	9,925	$2M	0.6%	TRIM −16%
48	PGPROCTER AND GAMBLE CO	16,227	$2M	0.5%	HOLD
49	LLYELI LILLY & CO	2,545	$2M	0.5%	HOLD
50	ENPHENPHASE ENERGY INC	57,368	$2M	0.5%	HOLD
51	GOOGLALPHABET INC	7,230	$2M	0.5%	TRIM −8%
52	SYMSYMBOTIC INC	38,870	$2M	0.5%	HOLD
53	SPYSTATE STR SPDR S&P 500 ETF T	2,696	$2M	0.4%	TRIM −5%
54	DARDARLING INGREDIENTS INC	28,250	$2M	0.4%	TRIM −49%
55	GDXVANECK ETF TRUST GOLD MINERS ETF	18,181	$2M	0.4%	TRIM −4%
56	MUMICRON TECHNOLOGY INC	4,925	$2M	0.4%	TRIM −41%
57	XOMEXXON MOBIL CORP	9,758	$2M	0.4%	HOLD
58	ABBVABBVIE INC	6,832	$1M	0.3%	HOLD
59	VZVERIZON COMMUNICATIONS INC	29,531	$1M	0.3%	HOLD
60	LMTLOCKHEED MARTIN CORP	2,339	$1M	0.3%	TRIM −19%
61	PARPAR TECHNOLOGY CORP	100,920	$1M	0.3%	ADD 31%
62	WYWEYERHAEUSER CO	55,035	$1M	0.3%	ADD 11%
63	SELFGLOBAL SELF STORAGE INC	259,627	$1M	0.3%	HOLD
64	KOCOCA COLA CO	17,177	$1M	0.3%	HOLD
65	ARANTERO RESOURCES CORP	30,000	$1M	0.3%	HOLD
66	HONHONEYWELL INTL INC	5,511	$1M	0.3%	HOLD
67	CINFCINCINNATI FINL CORP	7,485	$1M	0.3%	HOLD
68	WELLS FARGO CO NEW	1,014	$1M	0.3%	HOLD
69	AMPLAMPLITUDE INC	171,560	$1M	0.3%	ADD 94%
70	AMDADVANCED MICRO DEVICES INC	5,149	$1M	0.2%	HOLD
71	KRNTKORNIT DIGITAL LTD	70,955	$1M	0.2%	TRIM −2%
72	NVDANVIDIA CORPORATION	5,960	$1M	0.2%	HOLD
73	RGLDROYAL GOLD INC	4,080	$1M	0.2%	HOLD
74	HDSNHUDSON TECHNOLOGIES INC	174,325	$1M	0.2%	HOLD
75	ENBENBRIDGE INC	18,525	$1M	0.2%	HOLD
76	PEPPEPSICO INC	6,371	$989,353	0.2%	HOLD
77	EOGEOG RES INC	6,605	$954,885	0.2%	ADD 14%
78	RTXRTX CORPORATION	4,911	$947,411	0.2%	HOLD
79	LSCCLATTICE SEMICONDUCTOR CORP	10,100	$936,876	0.2%	HOLD
80	AMGNAMGEN INC	2,533	$891,362	0.2%	TRIM −2%
81	GEHCGE HEALTHCARE TECHNOLOGIES I	12,079	$859,783	0.2%	HOLD
82	BF.BBROWN FORMAN CORP	32,408	$856,868	0.2%	ADD 16%
83	ALLALLSTATE CORP	3,823	$792,661	0.2%	TRIM −3%
84	MYCGSSGA ACTIVE TR	31,037	$775,921	0.2%	ADD 32%
85	LOWLOWES COS INC	3,194	$754,678	0.2%	HOLD
86	YOUCLEAR SECURE INC	15,000	$726,150	0.2%	TRIM −6%
87	HDHOME DEPOT INC	2,079	$683,762	0.2%	HOLD
88	PLDPROLOGIS INC.	5,100	$674,118	0.2%	TRIM −3%
89	MCDMCDONALDS CORP	2,150	$668,205	0.2%	HOLD
90	NBRNABORS INDUSTRIES LTD	7,500	$645,450	0.1%	HOLD
91	PNCPNC FINL SVCS GROUP INC	3,027	$629,888	0.1%	HOLD
92	TXOTXO PARTNERS LP	50,000	$629,000	0.1%	HOLD
93	ETNEATON CORP PLC	1,688	$603,747	0.1%	HOLD
94	SOSOUTHERN CO	6,050	$583,946	0.1%	TRIM −8%
95	GEGE AEROSPACE	2,045	$580,310	0.1%	TRIM −31%
96	EXEEXPAND ENERGY CORPORATION	5,251	$576,455	0.1%	TRIM −56%
97	CSXCSX CORP	13,491	$553,806	0.1%	HOLD
98	SMRNUSCALE PWR CORP	50,500	$547,420	0.1%	HOLD
99	DUKDUKE ENERGY CORP NEW	4,110	$538,144	0.1%	HOLD
100	GTYGETTY RLTY CORP NEW	16,315	$518,817	0.1%	HOLD
101	TMOTHERMO FISHER SCIENTIFIC INC	1,052	$517,090	0.1%	TRIM −7%
102	BMYBRISTOL-MYERS SQUIBB CO	8,324	$504,835	0.1%	TRIM −3%
103	EWZISHARES INC MSCI BRAZIL ETF	12,820	$492,160	0.1%	NEW
104	MYCFSSGA ACTIVE TR	19,587	$490,752	0.1%	TRIM −3%
105	ABTABBOTT LABS	4,705	$483,088	0.1%	HOLD
106	CSCOCISCO SYS INC	6,187	$480,051	0.1%	ADD 3%
107	CYRXCRYOPORT INC	57,225	$473,823	0.1%	TRIM −34%
108	SLVISHARES SILVER TR	6,872	$468,258	0.1%	TRIM −45%
109	BANK AMERICA CORP	390	$464,708	0.1%	HOLD
110	RXRXRECURSION PHARMACEUTICALS IN	151,295	$464,476	0.1%	ADD 5%
111	PFEPFIZER INC	16,345	$458,966	0.1%	TRIM −4%
112	IBBISHARES TR	2,650	$447,453	0.1%	HOLD
113	RIORIO TINTO PLC	4,657	$434,452	0.1%	TRIM −20%
114	SBUXSTARBUCKS CORP	4,840	$433,616	0.1%	HOLD
115	KEYSKEYSIGHT TECHNOLOGIES INC	1,529	$431,744	0.1%	HOLD
116	RPRXROYALTY PHARMA PLC	8,977	$430,644	0.1%	ADD 18%
117	AVGOBROADCOM INC	1,380	$427,124	0.1%	HOLD
118	MPCMARATHON PETE CORP	1,700	$415,106	0.1%	HOLD
119	RYNRAYONIER INC	20,028	$412,976	0.1%	NEW
120	TMHCTAYLOR MORRISON HOME CORP	7,000	$407,680	0.1%	HOLD
121	CPAYCORPAY INC	1,357	$394,873	0.1%	ADD 19%
122	MXLMAXLINEAR INC	22,500	$391,275	0.1%	HOLD
123	SYKSTRYKER CORPORATION	1,186	$389,708	0.1%	HOLD
124	CNXCNX RES CORP	10,000	$385,500	0.1%	HOLD
125	OKEONEOK INC NEW	4,200	$379,638	0.1%	TRIM −2%
126	ODFLOLD DOMINION FREIGHT LINE IN	1,930	$377,116	0.1%	ADD 6%
127	BXPBXP INC	7,200	$373,680	0.1%	NEW
128	NEMNEWMONT CORP	3,342	$361,772	0.1%	TRIM −17%
129	ELVELEVANCE HEALTH INC FORMERLY	1,190	$348,435	0.1%	ADD 20%
130	TOLTOLL BROTHERS INC	2,535	$345,951	0.1%	ADD 22%
131	CRBGCOREBRIDGE FINL INC	13,336	$318,200	0.1%	HOLD
132	MGYMAGNOLIA OIL & GAS CORP	10,000	$315,700	0.1%	HOLD
133	ZMZOOM COMMUNICATIONS INC	3,803	$305,723	0.1%	NEW
134	SMRIEA SERIES TRUST	8,635	$305,546	0.1%	HOLD
135	FNBF N B CORP	18,000	$300,960	0.1%	HOLD
136	NEENEXTERA ENERGY INC	3,159	$293,414	0.1%	HOLD
137	GEVGE VERNOVA INC	330	$288,057	0.1%	HOLD
138	KRMNKARMAN HLDGS INC	3,595	$287,780	0.1%	NEW
139	TAT&T INC	9,807	$284,300	0.1%	HOLD
140	FCNCAFIRST CTZNS BANCSHARES INC D	150	$282,699	0.1%	TRIM −49%
141	FDSFACTSET RESH SYS INC	1,284	$278,526	0.1%	ADD 76%
142	NOCNORTHROP GRUMMAN CORP	407	$277,672	0.1%	HOLD
143	HPQHP INC	14,335	$275,375	0.1%	NEW
144	EMREMERSON ELEC CO	2,067	$270,818	0.1%	HOLD
145	DISDISNEY WALT CO	2,728	$262,925	0.1%	HOLD
146	ADPAUTOMATIC DATA PROCESSING IN	1,257	$255,397	0.1%	NEW
147	VIGVANGUARD SPECIALIZED FUNDS	1,144	$246,029	0.1%	HOLD
148	MDTMEDTRONIC PLC	2,814	$243,833	0.1%	ADD 4%
149	TCAFT. ROWE PRICE CAPITAL APPRECIATION EQUITY ETF	6,825	$242,902	0.1%	HOLD
150	COPXGLOBAL X FDS	3,139	$239,663	0.1%	ADD 3%
151	COFCAPITAL ONE FINL CORP	1,299	$236,977	0.1%	HOLD
152	TMFCRBB FD INC	3,536	$233,253	0.1%	TRIM −8%
153	ACMAECOM	2,660	$225,621	0.1%	ADD 23%
154	CITHE CIGNA GROUP	822	$219,269	0.0%	HOLD
155	HLMNHILLMAN SOLUTIONS CORP	26,200	$217,984	0.0%	TRIM −7%
156	WMWASTE MGMT INC DEL	910	$209,109	0.0%	NEW
157	MMM3M CO	1,406	$204,193	0.0%	HOLD
158	VOOVANGUARD INDEX FDS	336	$200,483	0.0%	TRIM −7%
159	ONDSONDAS INC	12,375	$111,870	0.0%	TRIM −30%
160	MCHXMARCHEX INC	61,500	$95,325	0.0%	HOLD
161	DYAIDYADIC INTL INC DEL	110,000	$90,200	0.0%	ADD 29%
162	LODECOMSTOCK INC	20,000	$61,000	0.0%	ADD 14%
163	AIRGAIRGAIN INC	11,000	$60,500	0.0%	HOLD
164	INVEIDENTIV INC	15,500	$57,350	0.0%	TRIM −26%
165	KOPNKOPIN CORP	25,000	$56,250	0.0%	TRIM −17%
166	BRFHBARFRESH FOOD GROUP INC	15,384	$43,229	0.0%	HOLD
167	NNDMNANO DIMENSION LTD	20,000	$34,000	0.0%	HOLD
168	BTBTBIT DIGITAL INC	15,000	$19,650	0.0%	HOLD
169	CNDTCONDUENT INC	10,000	$12,800	0.0%	NEW
170	MDCXMEDICUS PHARMA LTD	15,500	$7,115	0.0%	NEW
171	CTSOCYTOSORBENTS CORP	10,000	$5,663	0.0%	NEW

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

TROWPRICE T ROWE GROUP INC

780K

748K

708K

685K

653K

639K

$58M

BILSPDR SERIES TRUST

23K

38K

123K

161K

195K

$18M

GLWCORNING INC

236K

214K

210K

194K

185K

105K

$14M

AZNASTRAZENECA PLC

—

65K

$13M

AAPLAPPLE INC

58K

56K

53K

51K

49K

$12M

GOOGALPHABET INC

27K

44K

45K

44K

43K

42K

$12M

AMZNAMAZON COM INC

31K

30K

56K

$12M

CVXCHEVRON CORP NEW

64K

62K

61K

60K

59K

49K

$10M

VYMIVANGUARD WHITEHALL FDS

102K

104K

$10M

FANGDIAMONDBACK ENERGY INC

57K

59K

61K

62K

63K

48K

$9M

ZSZSCALER INC

—

66K

$9M

ALSNALLISON TRANSMISSION HLDGS I

89K

76K

75K

74K

72K

$8M

MSFTMICROSOFT CORP

25K

27K

24K

23K

$8M

TTITETRA TECHNOLOGIES INC DEL

1.4M

1.3M

1.2M

979K

$8M

QCOMQUALCOMM INC

56K

54K

61K

60K

$8M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆MARATHON CAPITAL MANAGEMENT

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 171 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

MARATHON CAPITAL MANAGEMENT