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Marathon Asset Management Ltdtracked

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CIK 1861026

13F portfolio (2026-Q1)
$2.6B
Positions
74
Implied 1Y CAGR
+22.4%
modeled · as filed

Reported long US book (13F) · Δ vs 2025-Q4 · methodology

Implied return what this book implies methodology →

Open in PORT →

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

Computing…

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

Holdings
74
Top 5
20.5%
Top 10
35.7%
Effective N
44.7
HHI
0.022
This quarter
1 new · 0 exit →

By sector

Financials: 19.3%Consumer Discretionary: 12.7%Information Technology: 11.9%Materials: 11.8%Industrials: 10.8%Communication Services: 10.1%Health Care: 7.8%Consumer Staples: 5.6%Other: 10.0%Sector
Financials19.3%
Consumer Discretionary12.7%
Information Technology11.9%
Materials11.8%
Industrials10.8%
Communication Services10.1%
Health Care7.8%
Consumer Staples5.6%
Other10.0%

By market cap

Large ($10–200B): 33.0%Unknown: 31.4%Mega (>$200B): 24.5%Mid ($2–10B): 8.7%Small ($300M–2B): 2.4%Size
Large ($10–200B)33.0%
Unknown31.4%
Mega (>$200B)24.5%
Mid ($2–10B)8.7%
Small ($300M–2B)2.4%

By region

North America: 88.3%Europe: 7.0%Other: 3.0%Asia-Pacific: 1.6%Region
North America88.3%
Europe7.0%
Other3.0%
Asia-Pacific1.6%

By industry group GICS — finer than sector

Industry groupWeightNames
Specialty Retail8.84%5
Commercial Services & Supplies7.78%7
Metals & Mining7.59%5
Machinery6.74%3
Software6.66%5
Software & IT Services6.40%3
Insurance6.17%3
Semiconductors & Semiconductor Equipment4.83%3
Beverages4.34%2
Banks4.13%3
Capital Markets3.31%3
Diversified Telecommunication Services3.18%1
Unclassified3.03%4
Real Estate Management & Development3.03%1
Oil, Gas & Consumable Fuels3.00%1
Health Care Equipment & Supplies2.62%3
Technology Hardware & Equipment2.08%2
Construction Materials2.03%1
Diversified Consumer Services2.00%1
Road & Rail1.59%1
Textiles, Apparel & Luxury Goods1.59%1
Life Sciences Tools & Services1.42%2
Paper & Forest Products1.29%2
Distributors1.13%2
Chemicals0.86%2
Pharmaceuticals & Biotechnology0.81%1
Health Care Providers & Services0.69%1
Transportation Infrastructure0.68%1
Food Products0.62%1
Entertainment0.59%1
Professional Services0.40%1
Equity Real Estate Investment Trusts (REITs)0.31%1
Household Durables0.27%1

Top holdings

#TickerNameSectorWeight
1CNHCNH Industrial N.V.Industrials4.92%
2AMZNAMAZON COM INCConsumer Discretionary4.42%
3GOOGLAlphabet Inc.Communication Services4.06%
4CCEPCoca-Cola Europacific Partners PLCConsumer Staples3.86%
5SCCOSOUTHERN COPPER CORP/Materials3.29%
6TIGOMILLICOM INTERNATIONAL CELLULAR SACommunication Services3.18%
7BNBROOKFIELD Corp /ON/Real Estate3.03%
8ELVElevance Health, Inc.Financials3.01%
9CNQCANADIAN NATURAL RESOURCES LTDEnergy3.00%
10BNSBANK OF NOVA SCOTIAFinancials2.89%

70/74 classified; unclassified names are still shown.

Sector allocation over time · how the sector mix & top names shifted each quarter

top 5 per sector, the rest → “Other” · 19 quarters
0%25%50%75%100%202120222023202420252026HDBFISVBNSELVTRVOther FinancialsMSFTFLUTORCLNVDATXNOther Information TechnologyBKNGTJXAMZNVIPSAZOOther Consumer DiscretionaryTMOJNJMRKTFXWATOther Health CareCNHCPTRUFASTRBAOther IndustrialsGOOGLMETAGOOGTMETIGOOther Communication ServicesSCCOFNVLINNEMCXOther MaterialsCCEPDLTRADMHSYKMBOther Consumer StaplesCNQBKRBNWYVSTCPACANADIAN PAC RY LTDBROOKFIELD ASSET MGMT INCRITCHIE BROS AUCTIONEERSFRCBOther Unclassified

Sector allocation over 19 reported quarters, 2021-Q3 to 2026-Q1, 59 bands (top holdings within each sector). Latest quarter 2026-Q1: Other Financials 11.3%, Other Consumer Discretionary 5.7%, Other Health Care 5.4%, Other Information Technology 5.1%, CNH 4.9%. Use the arrow keys to read a quarter.

FinancialsHDB, FISV, BNS, ELV, TRV · other
Information TechnologyMSFT, FLUT, ORCL, NVDA, TXN · other
Consumer DiscretionaryBKNG, TJX, AMZN, VIPS, AZO · other
Health CareTMO, JNJ, MRK, TFX, WAT · other
IndustrialsCNH, CP, TRU, FAST, RBA · other
Communication ServicesGOOGL, META, GOOG, TME, TIGO · other
MaterialsSCCO, FNV, LIN, NEM, CX · other
Consumer StaplesCCEP, DLTR, ADM, HSY, KMB · other
EnergyCNQ, BKR
Real EstateBN, WY
Utilities
UnclassifiedCPA, CANADIAN PAC RY LTD, BROOKFIELD ASSET MGMT INC, RITCHIE BROS AUCTIONEERS, FRCB · 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: 97.0% of the book is classified (unclassified names are still shown).

Style box · size × value-growth placement (2026-Q1), classified on today's fundamentals (not point-in-time) — load into PORT to overlay your own book

ValueCore (blend)GrowthSmallMidLarge3%5%4%10%3%3%5%4%28%
holdings, colored by sector (50 classified)Marathon Asset Management Ltd centroid (Mid Core)
FinancialsInformation TechnologyConsumer DiscretionaryIndustrialsHealth CareCommunication ServicesMaterialsConsumer StaplesEnergyReal Estate

Style box summary for Marathon Asset Management Ltd: centroid Mid Core. Heaviest cells: Large Growth 27.7%, Mid Value 9.6%, Large Value 4.7%.

Classified: 64.4% of book weight (50/74 names) · unclassified 35.6%.

Contribution holdings-based, any period

Attribution lands once this book has priced history across the window. Try a longer period.

Holdings· 74 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#SecuritySharesValueWeightΔ QoQ
1CNHCNH INDL N V11,664,413$128M4.9%TRIM −2%
2AMZNAMAZON COM INC552,798$115M4.4%ADD 9%
3GOOGLALPHABET INC368,043$106M4.1%ADD 7%
4CCEPCOCA-COLA EUROPACIFIC PARTNE1,109,745$101M3.9%HOLD
5SCCOSOUTHERN COPPER CORP498,627$86M3.3%TRIM −23%
6TIGOMILLICOM INTL CELLULAR S A1,107,258$83M3.2%HOLD
7BNBROOKFIELD CORP1,955,732$79M3.0%HOLD
8ELVELEVANCE HEALTH INC FORMERLY268,388$79M3.0%ADD 9%
9CNQCANADIAN NAT RES LTD1,595,650$78M3.0%HOLD
10BNSBANK NOVA SCOTIA B C1,089,394$75M2.9%HOLD
11MSFTMICROSOFT CORP196,994$73M2.8%ADD 16%
12FNVFRANCO NEV CORP287,697$71M2.7%HOLD
13NVDANVIDIA CORPORATION357,453$62M2.4%ADD 15%
14METAMETA PLATFORMS INC103,745$59M2.3%ADD 8%
15CXCEMEX SAB DE CV4,624,113$53M2.0%TRIM −7%
16LAURLAUREATE EDUCATION INC1,496,235$52M2.0%HOLD
17CPACOPA HOLDINGS SA424,158$48M1.8%ADD 4%
18MKLMARKEL GROUP INC24,901$48M1.8%ADD 8%
19VVISA INC153,309$46M1.8%ADD 19%
20VIPSVIPSHOP HLDGS LTD2,925,605$46M1.8%HOLD
21TMOTHERMO FISHER SCIENTIFIC INC93,421$46M1.8%ADD 9%
22MUMICRON TECHNOLOGY INC134,816$46M1.7%TRIM −27%
23CPCANADIAN PACIFIC KANSAS CITY527,024$41M1.6%HOLD
24GILGILDAN ACTIVEWEAR INC742,133$41M1.6%HOLD
25ORCLORACLE CORP271,004$40M1.5%ADD 87%
26TRUTRANSUNION569,292$39M1.5%ADD 8%
27IBKRINTERACTIVE BROKERS GROUP IN543,043$36M1.4%ADD 14%
28MAMASTERCARD INCORPORATED72,740$36M1.4%ADD 8%
29CMECME GROUP INC120,131$35M1.4%ADD 14%
30PGRPROGRESSIVE CORP175,470$35M1.3%ADD 14%
31SPGIS&P GLOBAL INC78,290$33M1.3%ADD 33%
32ALGNALIGN TECHNOLOGY INC191,709$33M1.3%ADD 9%
33FISVFISERV INC586,120$33M1.3%ADD 23%
34OPLNOPENLANE INC1,104,351$32M1.2%ADD 13%
35ATSATS CORPORATION1,093,911$31M1.2%HOLD
36PAYCPAYCOM SOFTWARE INC223,315$27M1.0%ADD 9%
37ADSKAUTODESK INC103,718$25M1.0%ADD 14%
38HDBHDFC BANK LTD943,113$23M0.9%TRIM −3%
39IQVIQVIA HLDGS INC128,999$22M0.8%ADD 9%
40SKYCHAMPION HOMES INC290,034$22M0.8%NEW
41RPRXROYALTY PHARMA PLC440,928$21M0.8%ADD 14%
42TJXTJX COS INC NEW129,869$21M0.8%ADD 14%
43NVSTENVISTA HOLDINGS CORPORATION723,154$18M0.7%ADD 13%
44TSMTAIWAN SEMICONDUCTOR MFG LTD53,256$18M0.7%ADD 22%
45HCSGHEALTHCARE SVCS GROUP INC971,467$18M0.7%ADD 13%
46CHRWC H ROBINSON WORLDWIDE INC105,963$18M0.7%ADD 13%
47NEMNEWMONT CORP160,574$17M0.7%HOLD
48TFXTELEFLEX INCORPORATED143,754$17M0.7%ADD 40%
49BKRBAKER HUGHES COMPANY274,587$17M0.6%ADD 13%
50FCXFREEPORT MCMORAN INC282,936$17M0.6%ADD 19%
51WCCWESCO INTL INC59,455$16M0.6%ADD 13%
52DLTRDOLLAR TREE INC148,466$16M0.6%ADD 13%
53ADMARCHER DANIELS MIDLAND CO222,628$16M0.6%ADD 13%
54SEALED AIR CORP NEW375,900$16M0.6%ADD 13%
55MTNVAIL RESORTS INC117,343$15M0.6%ADD 34%
56BIOBIO RAD LABS INC53,661$15M0.6%ADD 13%
57BAMBROOKFIELD ASSET MANAGMT LTD324,752$14M0.6%HOLD
58ROGROGERS CORP133,809$14M0.6%ADD 14%
59HSICHENRY SCHEIN INC177,713$13M0.5%ADD 13%
60ALAIR LEASE CORP199,048$13M0.5%ADD 14%
61COKECOCA COLA CONS INC65,896$13M0.5%ADD 13%
62SWSMURFIT WESTROCK PLC302,940$12M0.5%ADD 14%
63FCNFTI CONSULTING INC58,706$10M0.4%ADD 13%
64WFCWELLS FARGO CO NEW113,444$9M0.3%ADD 13%
65TDCTERADATA CORP DEL347,849$9M0.3%ADD 14%
66VNTVONTIER CORPORATION235,044$8M0.3%ADD 13%
67WYWEYERHAEUSER CO329,156$8M0.3%ADD 17%
68AXTAAXALTA COATING SYS LTD287,288$8M0.3%ADD 13%
69WSCWILLSCOT HLDGS CORP436,759$8M0.3%ADD 13%
70DFINDONNELLEY FINL SOLUTIONS INC154,456$7M0.3%ADD 13%
71BBARRICK MNG CORP172,078$7M0.3%ADD 18%
72MBCMASTERBRAND INC842,902$7M0.3%ADD 13%
73INMDINMODE LTD154,688$2M0.1%TRIM −17%
74FLUTFLUTTER ENTMT PLC15,503$2M0.1%TRIM −33%

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

green added · red trimmed
Security2024-Q42025-Q12025-Q22025-Q32025-Q42026-Q1Latest value
CNHCNH INDL N V14.2M13.7M13.1M12.5M11.9M11.7M$128M
AMZNAMAZON COM INC598K591K619K517K507K553K$115M
GOOGLALPHABET INC564K520K514K378K345K368K$106M
CCEPCOCA-COLA EUROPACIFIC PARTNE1.3M1.2M1.2M1.2M1.1M1.1M$101M
SCCOSOUTHERN COPPER CORP785K753K706K672K647K499K$86M
TIGOMILLICOM INTL CELLULAR S A———985K1.1M1.1M$83M
BNBROOKFIELD CORP1.6M1.6M1.5M1.4M2.0M2.0M$79M
ELVELEVANCE HEALTH INC FORMERLY227K241K264K267K247K268K$79M
CNQCANADIAN NAT RES LTD2.0M1.9M1.8M1.7M1.6M1.6M$78M
BNSBANK NOVA SCOTIA B C909K887K1.2M1.2M1.1M1.1M$75M
MSFTMICROSOFT CORP237K233K230K185K170K197K$73M
FNVFRANCO NEV CORP361K352K325K307K289K288K$71M
NVDANVIDIA CORPORATION—429K423K342K311K357K$62M
METAMETA PLATFORMS INC178K154K136K104K96K104K$59M
CXCEMEX SAB DE CV7.3M6.8M6.1M5.2M5.0M4.6M$53M

Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.

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Firm lineageForm ADV + cited

Where this firm's principals came from, and what its alumni went on to found.

family tree & personnel →
joins filed 13F data only — no style, strategy or performance similarity is claimed · 13F 2026-Q1
Similar managers — “Similar” = same top sector (Financials) + closest 13F size, self excluded; NOT a style or performance match, and a filer whose real business is elsewhere (shorts, private, non-13F) can still surface.
Also hold CNH — other Section 13(f) filers reporting a long position in this book's largest tickered holding for 2026-Q1. Lagged quarterly filings (up to 45 days after quarter-end); “% of shares out” is omitted where the reported share count can't carry it.
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