Marathon Trading Investment Management LLC

Open in PORT →← all managers

CIK 1572748

13F portfolio (2026-Q1)

$337M

Positions

150

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

150

Top 5

51.3%

Top 10

70.2%

Effective N

12.1

HHI

0.083

This quarter

37 new · 0 exit →

By sector

Information Technology43.1%

Unclassified25.7%

Financials9.9%

Consumer Discretionary9.7%

Industrials6.7%

Communication Services3.0%

Real Estate0.5%

Consumer Staples0.5%

Other0.8%

By market cap

Mega (>$200B)42.3%

Unknown34.4%

Large ($10–200B)15.3%

Mid ($2–10B)5.7%

Small ($300M–2B)1.8%

Micro (<$300M)0.5%

By region

North America67.9%

Other25.7%

Asia-Pacific6.2%

Europe0.2%

By industry group GICS — finer than sector

Industry group	Weight	Names
Software	25.99%	16
Unclassified	25.68%	38
Semiconductors & Semiconductor Equipment	8.96%	10
Banks	8.38%	13
Automobiles & Components	7.77%	4
Electrical Equipment & Components	6.10%	2
Commercial Services & Supplies	5.48%	6
Media & Entertainment	2.47%	4
Software & IT Services	1.91%	11
Specialty Retail	1.76%	7
Aerospace & Defense	1.35%	2
Insurance	0.91%	3
Technology Hardware & Equipment	0.57%	6
Real Estate Management & Development	0.51%	2
Food Products	0.51%	3
Chemicals	0.32%	2
Pharmaceuticals & Biotechnology	0.30%	8
Capital Markets	0.27%	2
Oil, Gas & Consumable Fuels	0.20%	3
Hotels, Restaurants & Leisure	0.17%	2
Transportation Infrastructure	0.16%	2
Machinery	0.12%	1
Entertainment	0.11%	1
Leisure Products	0.02%	1
Diversified Telecommunication Services	0.00%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	MSFT	MICROSOFT CORP	Information Technology	22.60%
2	GLD	SPDR GOLD TR	Unclassified	9.60%
3	TSLA	Tesla, Inc.	Consumer Discretionary	6.90%
4	SPY	STATE STR SPDR S&P 500 ETF T	Unclassified	6.12%
5	BE	Bloom Energy Corp	Information Technology	6.04%
6	AVGO	Broadcom Inc.	Information Technology	4.72%
7	MSTR	Strategy Inc	Financials	4.15%
8	BABA	Alibaba Group Holding Ltd	Industrials	4.00%
9	NVDA	NVIDIA CORP	Information Technology	3.34%
10	GDX	VANECK ETF TRUST GOLD MINERS ETF	Unclassified	2.78%

112/150 names classified · sector 74.3% of weight · industry 74.3% · mkt cap 65.6%; unclassified names shown, never dropped.

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

top 5/sector, rest → “Other” · 53 quarters

Information TechnologyAAPL, MSFT, NVDA, GE, CRM · other

Consumer DiscretionaryTSLA, AMZN, JD, GM, TAL · other

FinancialsBAC, WFC, C, MSTR, GS · other

Communication ServicesMETA, GOOGL, DIS, TMUS, GOOG · other

IndustrialsBABA, PDD, CCL, FDX, GLNG · other

Health CareBAX, PFE, BMY, MRK, ZTS · other

EnergyHAL, SLB, OXY, SM, YPF · other

MaterialsCOTY, FCX, NEM, KVUE, OC · other

Consumer StaplesKHC, MO, MDLZ, ACI, KO · other

UtilitiesET, LNG, CQP, ED, FE · other

Real EstateWY, ESS, OPEN, LAMR, MAC · other

UnclassifiedSPY, GLD, USO, Alphabet CL C, ALTABA 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: 74.3% 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 (59 classified)Marathon Trading Investment Management LLC centroid (Large Growth)

Information TechnologyConsumer DiscretionaryFinancialsIndustrialsCommunication ServicesMaterialsHealth CareEnergyConsumer StaplesReal Estate

Style box summary for Marathon Trading Investment Management LLC: centroid Large Growth. Heaviest cells: Large Growth 35.4%, Large Core 8.8%, Mid Growth 6.9%.

Classified: 52.9% of book weight (59/148 names) · unclassified 47.1%: GLD, SPY, MSTR, BABA, GDX, IBIT, VSNT, MARA, JD, +79 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· 150 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	MSFTMICROSOFT CORP	205,696	$76M	22.6%	ADD 231%
2	GLDSPDR GOLD TR	75,146	$32M	9.6%	ADD 116%
3	TSLATESLA INC	62,486	$23M	6.9%	TRIM −42%
4	SPYSTATE STR SPDR S&P 500 ETF T	31,712	$21M	6.1%	TRIM −63%
5	BEBLOOM ENERGY CORP	150,275	$20M	6.0%	ADD 3%
6	AVGOBROADCOM INC	51,386	$16M	4.7%	ADD 638%
7	MSTRSTRATEGY INC	112,052	$14M	4.2%	TRIM −69%
8	BABAALIBABA GROUP HLDG LTD	107,275	$13M	4.0%	ADD 140%
9	NVDANVIDIA CORPORATION	64,427	$11M	3.3%	TRIM −91%
10	GDXVANECK ETF TRUST GOLD MINERS ETF	102,009	$9M	2.8%	NEW
11	IBITISHARES BITCOIN TRUST ETF	231,515	$9M	2.6%	ADD 155%
12	VSNTVERSANT MEDIA GROUP INC	192,686	$7M	2.1%	NEW
13	ORCLORACLE CORP	46,600	$7M	2.0%	ADD 499%
14	MARAMARA HOLDINGS INC	729,858	$6M	1.8%	ADD 237%
15	BABOEING CO	21,714	$4M	1.3%	ADD 469%
16	JDJD.COM INC	130,083	$4M	1.1%	TRIM −79%
17	SBETSHARPLINK GAMING INC	523,065	$3M	1.0%	TRIM −32%
18	PDDPDD HOLDINGS INC	30,637	$3M	0.9%	TRIM −51%
19	BANK AMERICA CORP	2,464	$3M	0.9%	HOLD
20	UNHUNITEDHEALTH GROUP INC	9,910	$3M	0.8%	ADD 199%
21	RIVNRIVIAN AUTOMOTIVE INC	177,610	$3M	0.8%	ADD 60%
22	EUFNISHARES TR MSCI EURO FL ETF	74,003	$3M	0.8%	NEW
23	APLDAPPLIED DIGITAL CORP	95,500	$2M	0.7%	TRIM −5%
24	CRCLCIRCLE INTERNET GROUP INC	16,756	$2M	0.5%	ADD 41%
25	OPENOPENDOOR TECHNOLOGIES INC	341,200	$2M	0.5%	TRIM −9%
26	USOUNITED STS OIL FD LP	12,439	$2M	0.5%	NEW
27	BYNDBEYOND MEAT INC	2,058,540	$1M	0.4%	TRIM −10%
28	KRESPDR SERIES TRUST	22,012	$1M	0.4%	NEW
29	DJTTRUMP MEDIA & TECHNOLOGY GRO	152,452	$1M	0.4%	ADD 841%
30	KWEBKRANESHARES TRUST CSI CHI INTERNET	48,227	$1M	0.4%	ADD 52%
31	INTCINTEL CORP	30,419	$1M	0.4%	TRIM −71%
32	COINCOINBASE GLOBAL INC	6,886	$1M	0.4%	TRIM −95%
33	PYPLPAYPAL HLDGS INC	22,132	$1M	0.3%	TRIM −64%
34	ENVXENOVIX CORPORATION	175,023	$906,620	0.3%	ADD 5%
35	CORZCORE SCIENTIFIC INC NEW	55,993	$837,656	0.2%	TRIM −73%
36	AMZNAMAZON COM INC	3,940	$820,584	0.2%	TRIM −98%
37	SLVISHARES SILVER TR	12,000	$817,680	0.2%	ADD 300%
38	SAPSAP SE	4,600	$787,566	0.2%	ADD 15%
39	EEMISHARES TR	13,196	$749,401	0.2%	NEW
40	INTUINTUIT	1,700	$735,046	0.2%	NEW
41	SCHWSCHWAB CHARLES CORP	7,500	$704,850	0.2%	NEW
42	KVUEKENVUE INC	40,402	$696,530	0.2%	TRIM −77%
43	TEAMATLASSIAN CORPORATION	9,700	$662,025	0.2%	NEW
44	CVNACARVANA CO	1,931	$607,068	0.2%	TRIM −45%
45	PGYPAGAYA TECHNOLOGIES LTD	51,600	$601,140	0.2%	NEW
46	FSLRFIRST SOLAR INC	3,000	$591,780	0.2%	NEW
47	SSENTINELONE INC	44,000	$566,720	0.2%	TRIM −56%
48	METAMETA PLATFORMS INC	958	$548,101	0.2%	TRIM −97%
49	GOOGALPHABET INC	1,900	$545,034	0.2%	TRIM −99%
50	WELLS FARGO CO NEW	444	$512,820	0.2%	HOLD
51	PSKYPARAMOUNT SKYDANCE CORP	56,721	$511,623	0.2%	NEW
52	CRWVCOREWEAVE INC	6,460	$500,456	0.1%	TRIM −24%
53	QQQINVESCO QQQ TR	862	$497,529	0.1%	TRIM −91%
54	UNGUNITED STS NAT GAS FD LP	39,924	$468,309	0.1%	NEW
55	LLYELI LILLY & CO	500	$459,885	0.1%	NEW
56	SNAPSNAP INC	94,490	$434,654	0.1%	HOLD
57	ARMARM HOLDINGS PLC	2,856	$432,056	0.1%	TRIM −84%
58	SILJAMPLIFY ETF TR	14,500	$430,940	0.1%	NEW
59	BKNGBOOKING HOLDINGS INC	100	$421,032	0.1%	NEW
60	CRMSALESFORCE INC	2,250	$420,008	0.1%	NEW
61	SMRNUSCALE PWR CORP	35,955	$389,752	0.1%	TRIM −61%
62	NKENIKE INC	7,200	$380,304	0.1%	TRIM −37%
63	LMNDLEMONADE INC	5,950	$372,946	0.1%	NEW
64	ZZILLOW GROUP INC	9,000	$372,420	0.1%	NEW
65	STUBSTUBHUB HLDGS INC	57,918	$361,408	0.1%	NEW
66	NFLXNETFLIX INC	3,700	$355,755	0.1%	TRIM −48%
67	VVISA INC	1,100	$332,464	0.1%	TRIM −31%
68	RGTIRIGETTI COMPUTING INC	23,275	$326,781	0.1%	ADD 26%
69	WOLFWOLFSPEED INC	19,400	$316,608	0.1%	TRIM −76%
70	XLESELECT SECTOR SPDR TR	5,150	$315,489	0.1%	TRIM −30%
71	CMGCHIPOTLE MEXICAN GRILL INC	9,841	$315,010	0.1%	TRIM −86%
72	XOMEXXON MOBIL CORP	1,840	$312,174	0.1%	TRIM −28%
73	AMCAMC ENTMT HLDGS INC	317,691	$311,337	0.1%	ADD 58%
74	AAPLAPPLE INC	1,123	$285,006	0.1%	TRIM −100%
75	CPRTCOPART INC	8,500	$282,200	0.1%	TRIM −76%
76	PANWPALO ALTO NETWORKS INC	1,700	$272,544	0.1%	TRIM −66%
77	RDDTREDDIT INC	2,012	$270,916	0.1%	ADD 56%
78	SBUXSTARBUCKS CORP	3,012	$269,845	0.1%	TRIM −19%
79	LOWLOWES COS INC	1,100	$259,908	0.1%	NEW
80	GTLBGITLAB INC	12,000	$259,680	0.1%	NEW
81	NIONIO INC	43,020	$259,410	0.1%	TRIM −78%
82	STTSTATE STR CORP	2,000	$253,120	0.1%	NEW
83	GOOGLALPHABET INC	871	$250,464	0.1%	TRIM −98%
84	SMHVANECK ETF TRUST	620	$237,708	0.1%	NEW
85	IGVISHARES TR	2,900	$232,145	0.1%	NEW
86	MRKMERCK & CO INC	1,921	$231,077	0.1%	NEW
87	CSCOCISCO SYS INC	2,966	$230,132	0.1%	NEW
88	GDXJVANECK ETF TRUST	1,900	$228,076	0.1%	ADD 12%
89	CPBTHE CAMPBELLS COMPANY	10,000	$222,700	0.1%	TRIM −78%
90	NNNEXTNAV INC	13,200	$211,464	0.1%	NEW
91	INDAISHARES TR	4,361	$204,269	0.1%	TRIM −63%
92	BITOPROSHARES TR	21,502	$200,184	0.1%	HOLD
93	PLUGPLUG PWR INC	85,200	$192,552	0.1%	HOLD
94	MUMICRON TECHNOLOGY INC	568	$191,893	0.1%	TRIM −85%
95	GLXYGALAXY DIGITAL INC.	10,400	$191,880	0.1%	TRIM −45%
96	SLBSCHLUMBERGER LTD	3,532	$181,509	0.1%	TRIM −72%
97	LYFTLYFT INC	13,250	$176,226	0.1%	NEW
98	RIGTRANSOCEAN LTD	26,500	$175,695	0.1%	TRIM −36%
99	QBTSD-WAVE QUANTUM INC	11,300	$163,059	0.0%	HOLD
100	PONYPONY AI INC	16,800	$158,592	0.0%	NEW
101	BMNRBITMINE IMMERSION TECNOLOGIE	7,523	$148,805	0.0%	ADD 59%
102	STRATEGY INC	2,100	$148,470	0.0%	HOLD
103	AIC3 AI INC	17,332	$145,935	0.0%	HOLD
104	QSQUANTUMSCAPE CORP	21,324	$136,047	0.0%	HOLD
105	CBRECBRE GROUP INC	1,000	$135,460	0.0%	NEW
106	XYZBLOCK INC	2,250	$135,405	0.0%	NEW
107	LAESSEALSQ CORP	50,200	$131,524	0.0%	NEW
108	MUBISHARES TR	1,200	$127,380	0.0%	HOLD
109	BACBANK AMERICA CORP	2,606	$127,042	0.0%	TRIM −91%
110	BBAIBIGBEAR AI HLDGS INC	34,043	$119,831	0.0%	ADD 23%
111	PLTRPALANTIR TECHNOLOGIES INC	737	$107,808	0.0%	TRIM −100%
112	CGCCANOPY GROWTH CORPORATION	111,100	$105,456	0.0%	HOLD
113	SPCEVIRGIN GALACTIC HOLDINGS INC	43,090	$104,709	0.0%	TRIM −32%
114	ENPHENPHASE ENERGY INC	2,563	$96,907	0.0%	TRIM −94%
115	CRONCRONOS GROUP INC	38,200	$95,882	0.0%	HOLD
116	SOFISoFi Technologies, Ince	6,032	$95,788	0.0%	TRIM −89%
117	TLRYTILRAY BRANDS INC	13,570	$87,798	0.0%	TRIM −2%
118	XRXXEROX HOLDINGS CORP	60,655	$78,245	0.0%	HOLD
119	RUMRUMBLE INC	13,455	$68,620	0.0%	NEW
120	GMEGAMESTOP CORP	2,911	$67,069	0.0%	TRIM −83%
121	ASANASANA INC	10,000	$64,000	0.0%	HOLD
122	BBBLACKBERRY LTD	18,500	$59,940	0.0%	HOLD
123	PTONPELOTON INTERACTIVE INC	13,800	$59,202	0.0%	TRIM −2%
124	AMDADVANCED MICRO DEVICES INC	256	$52,078	0.0%	TRIM −80%
125	BBBYBED BATH & BEYOND INC	11,000	$51,040	0.0%	HOLD
126	BGSB & G FOODS INC NEW	10,000	$48,100	0.0%	HOLD
127	ABTCAMERICAN BITCOIN CORP.	39,200	$36,236	0.0%	HOLD
128	IRENIREN LIMITED	900	$30,852	0.0%	TRIM −100%
129	TLTISHARES TR	334	$28,954	0.0%	TRIM −70%
130	CLOVCLOVER HEALTH INVESTMENTS CO	11,000	$19,360	0.0%	HOLD
131	TSMTAIWAN SEMICONDUCTOR MFG LTD	50	$16,898	0.0%	HOLD
132	BMYBRISTOL-MYERS SQUIBB CO	198	$12,009	0.0%	NEW
133	MRNAMODERNA INC	203	$10,312	0.0%	TRIM −99%
134	SLSSELLAS LIFE SCIENCES GROUP I	1,191	$5,038	0.0%	NEW
135	WFCWELLS FARGO CO NEW	50	$3,980	0.0%	TRIM −100%
136	PDYNPALLADYNE AI CORP	500	$3,035	0.0%	HOLD
137	XRXDWXEROX HOLDINGS CORP	30,327	$2,745	0.0%	NEW
138	COCHWENVOY MEDICAL INC	32,888	$2,184	0.0%	HOLD
139	PDYNWPALLADYNE AI CORP	25,337	$1,817	0.0%	HOLD
140	BZFDBUZZFEED INC	2,000	$1,217	0.0%	HOLD
141	OPENWOPENDOOR TECHNOLOGIES INC	1,773	$1,072	0.0%	HOLD
142	FFAIFARADAY FUTURE INTLGT ELEC I	2,538	$697	0.0%	HOLD
143	GWH.WSESS TECH INC	20,130	$453	0.0%	HOLD
144	OPENLOPENDOOR TECHNOLOGIES INC	1,773	$436	0.0%	HOLD
145	OPENZOPENDOOR TECHNOLOGIES INC	1,773	$417	0.0%	HOLD
146	MLECWMOOLEC SCIENCE SA	12,500	$322	0.0%	HOLD
147	FFAIWFARADAY FUTURE INTLGT ELEC I	11,700	$151	0.0%	HOLD
148	BZFDWBUZZFEED INC	8,333	$124	0.0%	HOLD
149	SWVLWSWVL HOLDINGS CORP	10,000	$57	0.0%	HOLD
150	BBBY.WSBED BATH & BEYOND INC	100	$56	0.0%	HOLD

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

MSFTMICROSOFT CORP

200K

350

—

62K

206K

$76M

GLDSPDR GOLD TR

19K

13K

—

101K

35K

75K

$32M

TSLATESLA INC

17K

—

109K

62K

$23M

SPYSTATE STR SPDR S&P 500 ETF T

106K

14K

80K

12K

87K

32K

$21M

BEBLOOM ENERGY CORP

—

145K

150K

$20M

AVGOBROADCOM INC

275

51K

$16M

MSTRSTRATEGY INC

421K

13K

364K

112K

$14M

BABAALIBABA GROUP HLDG LTD

535K

73K

27K

41K

45K

107K

$13M

NVDANVIDIA CORPORATION

172K

507K

706K

64K

$11M

GDXVANECK ETF TRUST GOLD MINERS ETF

172K

525

24K

—

102K

$9M

IBITISHARES BITCOIN TRUST ETF

39K

162K

106K

95K

91K

232K

$9M

VSNTVERSANT MEDIA GROUP INC

—

193K

$7M

ORCLORACLE CORP

—

47K

$7M

MARAMARA HOLDINGS INC

136

38K

22K

11K

217K

730K

$6M

BABOEING CO

10K

22K

$4M

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 Trading Investment Management LLC